I got way otm RUT calls that have 3 delta and 84 vega. Let’s see if option greeks actually work 😭

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unless it doesn't, then IV and Vega will fuck him

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So many regards bought calls friday thinking they're the next buffet... If it stays mostly flat next week, vol's gonna dump and even if you reach your breakeven underlying price Vega is gonna Zuck you hard boi 🫣

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Fr, shares on margin are the way to go for earnings if you want leverage. Theta (actually Vega in most cases for earnings) will fuck all but the most carefully positioned strikes with calls/puts

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OP it’s likely you have a gambling problem (ie you do not know when to stop, and trying to win back the losses of a highly risky trade with another risky trade). You may also do not know option dynamics well (theta, vega, basically you’ll lose 100% if the price stays the same, which is the expectation). Invest what you have in SPY, and every month save a few 100 bucks and put in SPY every month. Definitely have a broker/bank doing this on your behalf, such that you are not tempted. It may take a while, but you will make it back. Mentally forget about the account value as it grows. Forgive yourself but also investigate why exactly you did what you did and how to prevent it in the future. Good luck man

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