Look at the exp. If OP and you are prone to playing 0 DTEs, you absolutely will not and probably 70k down by the time you win that 12.5k

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It was risky because the exp was before earnings so of course cheap

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how many of you bought alcc 32c exp 5/17

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Yeah thats rough buddy. Every two weeks I’m buying $200 worth of VIX calls @$20, exp two weeks in the future Whenever the market truly implodes, VIX will easily hit $50+, turning that $200 into >$30,000. And roughly $400/month is plenty low enough for me to not cry about losing (This is not financial advice, just saying what i’ve been doing)

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Expiration is probably the most important piece here. Puts are the right call but also it's an meme stock that's cooking the books so it could take a few quarters (which gets pumped) before the spark happens causing it to burn down like a manzanita tree. I wouldn't play the odds this year except ballsdeep into 2025 exp

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bought some cheap ass 20x 520c at 4:10 exp 05/08. lets see if spy continues to pump and I can upgrade my big mac meal to large 

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Why would you choose an exp with so little time steep theta? Thanks for the DD btw.

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Should I have waited to buy NVDA 920C 5/17 exp? Bought right before close 

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I got 2x 20p on the same exp. I got fucked i got them at 3.00 each now theyre like .05 each smh

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I would buy exp 17/5 if that changes anything lol

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