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You usually lose a lot quickly (if not all), especially playing weeklies. Sometimes you hit it huge , then you keep playing options and give most of it back anyways. Rinse repeat until you blow all your play money.
Playing options on meme stocks is pretty risky. I’d be willing to bet a ton of people buying them on memes don’t understand the Greeks at all.
The Shop
Basically for those that are unfamiliar with options, I am in a contract to sell 100 of my AMC shares for $17 each by Friday. If it goes below $17 then I keep my shares because the contract is worthless. But if it moons then I'm giving up their shares for $17 each and missing out on a lot of money.
Pit Row
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