There are four possibilities: 1. PLTR up, ASTS up. 🚀🚀 2. PLTR up, ASTS down. 🚀💩 3. PLTR down, ASTS up. 💩🚀 4. PLTR down, ASTS down. 💩💩 You only have 25% of getting rekt. Not bad, well diversified.

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Three to four opportunities as in the price got low enough that if he had the funds he could have closed them for just a small loss because later he says he didn't have the money

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There are four stages in life: 1) You believe in Santa Claus. 2) You don’t believe in Santa Claus. 3) You are Santa Claus. 4) You look like Santa Claus

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I can beat that. I remember when it was black and sat on the corner table. Our number was four digits.

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IMO options on the leveraged ETFs is not appreciably better than equivalent options on the underlying, because the leveraged ETFs are themselves made up of options & futures. For instance, for the January expiry, the ATM strike for QQQ has an IV of 14.6%, but the ATM strike for TQQQ has an IV of 46%. Essentially, about a little less than four of the delta-50 contracts of TQQQ are functionally equivalent to one delta-50 contract of QQQ, and this is including the 3x multiplier, per dollar at risk. So then, instead of buying 4 contracts of TQQQ, buying one contract of QQQ (at the same delta) results in the same 3x return per dollar at risk.

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This was **triple witching** noise (it happens four times a year ). Stock options, index options, and futures all expiring at once force dealers to unwind hedges into the close. **META** got hit by mechanical selling, while other tech names moved the opposite way for the same reason. It’s flow, not fundamentals.

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