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/biz/ - Business & Finance


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54002333 No.54002333 [Reply] [Original]

Hello /biz and especially you smg anons. I just started doing stocks last year and just started playing with options a few months ago. I have been playing dangerously with the meme stock AMC. I know sounds silly right? Well every week I made money selling calls and covered puts. Doesn’t matter if the stock drops to useless I’ve milked it from profits selling options. Problem is… soon the reverse stock split will happen. And it will be more difficult to sell many contracts. What other stock has such a wild options chain? One that’s really cheap, fundamentals don’t matter. As I’m basically playing blackjack here with options. I looked at bed bath beyond, options chain is really shitty so I can’t make a lot of contracts. GME is overpriced for me to be able to get a lot of contracts at once. What do??

>> No.54002759

Trade SPX. It's the index and it's cash settled. Just watch the numbers on your spread and always have defined risk.

>> No.54004763
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54004763

>>54002333
DEEZ
NUTS