/biz/ - Business & Finance

>>22610235
https://www.youtube.com/watch?v=VWXaJiuaHbI

People often fomo into options, like on Friday a lot of people predicted a dump this week due to what was happening mid day. So they may have gotten a $27 sqqq call, but their breakeven was $29 because it was priced at $2+ at the time. I wanted to buy $27 strikes too, but decided to set an order limit at $26.5 for $1.6.
By the end of the day I had even more ITM $26.5 strikes for $1.6 for a breakeven of $27.10.

Today people are sweating because they need to be at $29 to break even and SQQQ is currently at $28.1, but I'm a bit more chill because I'm already ITM at $27.10.

You wouldn't fomo into a stock so why fomo into an option, which is already way more risky? That being said I should have done a debit spread which is even less risky, but robinhood wasn't letting me do them because I just switched to it to do free option trades, and some kid killed himself trading options so the approval process is harder now.