/biz/ - Business & Finance

>>23708382
Thanks anon. I know you don't do options but I'll drop this on you anyway. Pic related is a 150 put on VXX expiring 6/17/22. This put is so far in the money that changes in volatility and the effects of time decay are negligible. The upshot is it's basically a leveraged short with no possibility of a margin call. Look into it and next time an opportunity presents itself maybe pick up some of these. The benefit is no possibility of a margin call no matter how bad you mistime the top and since a put like this being far in the money and having a long expiration date means it is almost totally composed of intrinsic value so you don't have to worry about the usual options bugbears like losing out to time decay and IV crush.