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Do y guys remeber my Tesla put yolo from 2 days ago
Removed by modHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHEHE. 113.26 as we speak down from 123 this morning
Buying Puts/Calls can't cost you infinite money. Selling them can.
So you're normally paying a risk premium on options. In this particular moment, its lucrative. But - much like with any gambling house - buying options is very easily a losing game long term.
I have learned to only buy options when something dumb is happening. Which is rare. Like how I shorty crypto when something dumb is happening as well. The key is to only trade a few times a year off of cataclysmic events like Luna or usdn depegging or elon musk going insane on Twitter
I mean, if it works then that's great.
I've been burned enough times to be shy when it comes to calling downturns.
:liz-society: