r/wallstreetbets • u/Coreylian101 • Jan 22 '25

Gain Thanks ORACLE

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Bought at 0.05 last week and sold for $9.

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u/spyputs1 Jan 23 '25

Bro just had a hunch and dropped $9k on next week options

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u/Acceptable-Win-1700 Jan 23 '25

That's insane. I made 100% on my ORCL calls, but that was based on price action and IV levels a few weeks ago when I bought it, and they had over 200 days to expiration when I dumped them today.

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u/mambamvp24 Jan 23 '25

Was strike itm when you bought them? Nice play

1

u/Acceptable-Win-1700 Jan 23 '25

I think they were pretty close to ATM. About $150. I also like to roll up when the price moves in my favor and convert delta to ext for a credit. You sacrifice a small amount of potential future gains for lower risk and more capital efficiency. So I did that, but exited the following day because I needed to cut my overall portfolio delta.

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u/mambamvp24 Jan 23 '25

Thanks man