/biz/ - Business & Finance

How do people do 50x and 100x with options?? What exactly is adding up to those multiples? Is that from buying calls, not selling them? I don't really understand anything other than selling covered calls

I have about $13k to my name at the moment. Seeing as things are fairly uncertain right now, would it be more wise to save all of my money for the foreseeable future or should I be spending some? My personal wealth has been inflated by like 300% in a very short time and I don't really know what to do with it. I've tried thinking of ways to spend it that could end up turning a profit but it just feels dumb to invest in a bunch of raw materials and hardware or whatever right now, and I don't really want to touch the stock market as it is. Aren't we supposed to be spending some of this extra government cash anyway?