/biz/ - Business & Finance

>>29682685
Okay Anon, I'm going to give you a freebie just this once.
If you buy a Put (Long Put), you are going to get absolutely bogged. This is because the IV of the options is nearing a thousand percent, and there is no way GME moves down far enough for options that expensive to be worth it. This is known as Vega.
https://www.investopedia.com/terms/v/vega.asp
If you want to make money shorting this GME rally, then you need to sell vega, so that when it collapses that means your option gives you money, rather than takes money from you!
The way you do this is via selling vertical credit spreads.
https://www.youtube.com/watch?v=6_0SbRaHv1U
Here is a decent tutorial for you.