r/wallstreetbets • u/witness_this_ • Feb 10 '25

Gain I don’t even know what Monday.com does.

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u/witness_this_ Feb 10 '25

I’m just a degenerate lol

19

u/StonkaTrucks Feb 10 '25

But why buy an option that needs an 8% move to break even?

This wasn't cheap on either an absolute or relative scale.

54

u/witness_this_ Feb 10 '25

Have I not established that I’m not exactly the most informed, thoughtful investor out there?

5

u/StonkaTrucks Feb 10 '25

Neither am I and I do degen plays all the time, but even I would have avoided this one. Just wondering the thought process.

42

u/OptionsandTaxes2 Feb 10 '25

That’s why you didn’t make 250% gains today

5

u/StonkaTrucks Feb 10 '25

Haha, okay loud and clear. There's no rhyme or reason to anything.

27

u/gavinderulo124K Feb 10 '25

thought process

LOL

2

u/StonkaTrucks Feb 10 '25 edited Feb 10 '25

So he was literally just throwing darts at a board? I feel like there was more to it than that. This ticker isn't even on most of our boards.

I am a degenerate gambler, but if say NVDA has earnings and the options are pricing in a move I feel is outside of likely, I will not buy it. If shit.com is posting earnings and I have no idea if an option is even cheap or not, I will likely not buy it.

4

u/witness_this_ Feb 10 '25

Shit.com… sounds interesting. When do they announce earnings?