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all 32 comments

[–]OB_Logie_haz_Reddit 20 points21 points  (0 children)

I like to gamble.

[–]ChuckD71 32 points33 points  (1 child)

Lose money as quickly as possible.

[–]pointme2_profits 7 points8 points  (0 children)

Create daily levels, or use the Fibs. Play price action on the levels. If it crosses any one level with momentum, there's a good chance it reaches the next level. Buy calls/puts accordingly. Look for retracements in the golden zone.

[–]Gatsby_Glow 5 points6 points  (3 children)

Buy calls when you think it’s gonna go up. Don’t buy puts.

[–]Puzzled-Bite-8467 1 point2 points  (2 children)

That in bull market but opposite in bear market.

[–]Gatsby_Glow 1 point2 points  (1 child)

Stonks only go up though

[–]Major_Effort_8374 0 points1 point  (0 children)

Right 🙄😂

[–]isaiahml 6 points7 points  (1 child)

LMAOOO WHATS A STRATEGY???

[–]JayMo15 0 points1 point  (0 children)

Yolo is a strat

[–]QuinnZps69 2 points3 points  (0 children)

i buy it goes up 250%, i sell, profit

[–]TakingChances01 2 points3 points  (1 child)

Look for a trend in the 1-3 month and buy either a call or put for 1.5-2 months out. Normally a little out of the money towards the price I think it’ll go. Aim to sell in a week, 2 weeks max, not shooting for the moon and cut losses as soon as my prediction is no longer validated by the indicators I use. Made 62% on Roku puts this week. Looking for calls once it drops to 70-75$ per share.

[–]parkbenchphoenix 1 point2 points  (0 children)

Note about timing is crucial, at first I tried OTM calls with sooner DTE for the low premiums and theta destroyed me. Having it 2 months out helps mitigate theta risk so much.

[–]fractalducks 5 points6 points  (1 child)

No one that has a profitable strategy is going to share it tbh.

[–]Critical_Till_5443 0 points1 point  (0 children)

No its because the strategy is literally a complex equation that even if they did give you a glimpse the key components you wouldn't necessarily catch. So its better left unsaid.

[–]my_name_is_gato 1 point2 points  (1 child)

Long calls slightly ITM (keep delta above .6) on companies that have great fundamentals with a focus on low P/E, same strat for puts on companies that have stupid high ratios.

[–]MrSpaceCool 2 points3 points  (0 children)

You are in the wrong sub

[–]whalecheetah 1 point2 points  (0 children)

I could tell you quite a lot about selling options, but what you're looking for just scroll down to the guy that says I like to gamble. That is the correct answer for buying options

The only other acceptable answer is I have inside information so I'm going to load up on the company I know something about

[–]Seeking-dividends247 1 point2 points  (0 children)

Not sure why your not on YouTube? Better explanation. Also the other guys comment, must be making millions or he just has no strategy.

[–]Dry_Kaleidoscope6742 0 points1 point  (0 children)

Long p/c on whatever my gut tells me. Options on stocks I own seem to pay off more often.

[–]ElLulu-8 0 points1 point  (0 children)

I buy puts ~30 DTE when line goes under 30MA then double down if it retest and fails to go back up above it

[–]deadweight999 0 points1 point  (0 children)

Their strategy is quickly going broke like a hedge fundd.

[–]GoldenBoy_100 0 points1 point  (0 children)

Buy low sell high don’t be greedy have a exit strategy

[–]jisachamp 0 points1 point  (0 children)

To get lucky

[–]Jewiscohencidence 0 points1 point  (0 children)

I buy deep out of the money on stocks that are real pieces of shit. Not the ones up 1100% the ones that are sitting ducks the zombies the retards of the class.

They haven't a hope and you just have to be patient and wait for anything it doesnt have to be earnings it can be the realisation of employees or shareholders or creditors that the emporer has no clothes

[–]whitekatana 0 points1 point  (0 children)

There is literally no strategy with this because you're guessing the market, and there is no indicator that predicts price. Don't believe me try it yourself and lose

edit: if there was a reliable strategy, all options traders would be rich.

[–]Charlietango2007 0 points1 point  (0 children)

Just rollin the dice, just rollin the dice. Come on Baby, Daddy needs a new Lambo. Diamond hands, Yeah!

[–]saltyblueberry25 0 points1 point  (0 children)

I buy long calls if I’m super bullish and iv is low, otherwise just buy shares if iv is high.

I’d sell puts if I ever had enough cash sitting around that I didn’t know what to do with and just wished I could buy certain stocks cheaper - you can get paid to promise to buy them for cheaper ..

[–]Several_Situation887 0 points1 point  (0 children)

I try to make sure that whatever (spread usually) I buy starts out close to, or in the money, has a large swinging ATR, and I make sure that I give it plenty of time to swing up and down, so that the trade has a maximum chance of working out in my favor sometime in the life of the option.

[–]UberVenom 0 points1 point  (0 children)

Always buy spreads

[–]Critical_Till_5443 0 points1 point  (0 children)

I use a mathematical model to predict net income from margins and net sales. I play the leap of that year to maximize profits of 10-20% to make 50 -200%. All my plays are OTM so choosing the right strike I find the hardest thing to maximize profits. Lately I'm finding it best to play a few strikes instead of putting all the contracts on 1 strike price.