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Choosing an OTM option too far out with improbable odds of coming near the strike before expiration. Is a classic beginner mistake.

Looks like a repeat of yesterday with slight variation. Bearish on SPY could be heading to 428 now. That CPI report really did a number on it.

Basically, repeat of yesterday on the S&P with more downward pressure. Took puts on the reversal both times but panic sold early grr..... W.e happens tomm will be different.

Futures looking rough. Largest decline I've witnessed so far. I don't watch it much but I have never seen it below 0.30% on the ES1.

You're probably right. Alot of the wsb bs has fallen off lately. I took some 3c lottos anyways but will likely exit most if it gets anything over 3.20. The thing that caught my attention is they have connections with crypto and btc is on the bounce. Maybe a couple of months ago when memes were...

Anyone look into BBIG? Has all the prospects of a short squeeze runup. I wouldn't be surprised if it ends up pulling back into the 2.60's or lower after this big run today. Although, risk/reward looks nice!

I already saw that coming beforehand. But I didn't think it will pullback that much.

Assuming it even holds. Pretty overextended on news. If it doesn't dump pre then open.

It doesn't occur often enough for me to pay attention it. I am not even certain how reliable this is in downtrends.

Yeah, I was looking at ADBE too but pretty sure it either stalls or goes lower due to overall market. Look at SPY rn.

I've seen my fair share of elite traders getting scammed on here. At least 2 of them involved cryptos. o_O

Didn't you read his previous post? "It was not priced on any delivery info." Don't you dare doubt the options nazi now...

Does sound boring to read SEC filings but if that's your niche.

Ok I admit I have no clue what I was talking about if that makes you feel better bro. Jeezus christ! We got an extremist here...

So why are you making a big deal out of it? Are you some kinda perfectionist who gets extremely offended by others mistakes? You seem to love to point out errors.

Lol, you're too much.... I just admitted I made the mistake in assuming he took these calls last week. How long do you plan to rub it in for? You sound like a broken record.

How was I not being very nice to OP? I was trying to offer constructive criticism but I was only offtopic since I made a little oversight into thinking he bought the calls last week. Your trying to escalate a small matter into something gigantic.

So I just made an honest misassumption he bought them last week on Friday at $31 a contract. That would be the only reason I can think of as to why the $100 OTM weekly call would be so expensive. In that case, you could've just simply corrected me that he was buying ITM/ATM calls today? Almost...

Bro it was priced much higher in expectation of delivery numbers. He bought OTM 1150 weekly calls (approx $100 out from the underlying.) which cost him $3100 a contract. If you look at the 1280 calls currently right now (approx $100 out from the underlying) they're priced at only $800 a...

Ahh, I see that was Q4 deliveries. Either way the premium was likely priced much higher in expectation of the news so he was gambling on the delivery numbers.