13.5x return on 0dte play. Sold few mins after the screenshot, netting an additional 1k. https://i.redd.it/6biz2ncp9ekd1.jpeg Posted by gentle_giant_91
hipsnarky on August 23, 2024 10:56 am ~~Math ain’t mathing. I’m dumb. No coffee and it’s 7am.~~ ~~You spend 16k to make 14k?~~ I need glasses
DeutschhUtre on August 23, 2024 11:02 am If you don’t mind. Can you please tell me that do you buy at the money, in the money, or out of the money calls?
gentle_giant_91 on August 23, 2024 11:21 am Bought 40 puts at 0.32 for total of 1280. Sold everything for total of 17,250 (screenshot was taken a minute before I closed position)
gz1fnl on August 23, 2024 12:03 pm Not sure how the price of the put went up by the amount on the same day.
masterpharos on August 23, 2024 12:17 pm sorry, options noob: is each contract divided by the options ratio, multiplied by the average cost to get your purchase? so when you buy 40 puts, you are buying 4000 options with a ratio of 0.01? 4000×0.32 = 1280USD? Just trying to follow along from Yurop, since Trade Republic gives slightly different document info on the summaries. thx
palesse7 on August 23, 2024 12:50 pm So, did you buy when market opened & sold before marked closed the same day ?
PckMan on August 23, 2024 1:07 pm Literally bought puts at open and sold them for meager profit right before the big dump. Could have been me but I’m regarded.
beautiful-love on August 23, 2024 1:14 pm how far OTM did u buy at the time? I’m too scared to go to far OTM in case it gets choppy
11 Comments
~~Math ain’t mathing. I’m dumb. No coffee and it’s 7am.~~
~~You spend 16k to make 14k?~~
I need glasses
If you don’t mind. Can you please tell me that do you buy at the money, in the money, or out of the money calls?
Bought 40 puts at 0.32 for total of 1280. Sold everything for total of 17,250 (screenshot was taken a minute before I closed position)
Should’ve done 120k 🤦 🤦♂️ 🤦 🤦
Not sure how the price of the put went up by the amount on the same day.
sorry, options noob:
is each contract divided by the options ratio, multiplied by the average cost to get your purchase?
so when you buy 40 puts, you are buying 4000 options with a ratio of 0.01?
4000×0.32 = 1280USD?
Just trying to follow along from Yurop, since Trade Republic gives slightly different document info on the summaries. thx
Wtf….
Sweet deal, bro
So, did you buy when market opened & sold before marked closed the same day ?
Literally bought puts at open and sold them for meager profit right before the big dump. Could have been me but I’m regarded.
how far OTM did u buy at the time? I’m too scared to go to far OTM in case it gets choppy