r/wallstreetbets • u/OSRSkarma Flipping at the Grand Exchange • Feb 28 '25

Earnings Thread Weekly Earnings Thread 3/3 - 3/7

Post image
234 Upvotes

98% Upvoted

1.6k comments sorted by

View all comments

Show parent comments

2

u/Tomatillo_Kindly Mar 06 '25

Sitting at 208 I bought when it was at $180 is that good profit u think? I bought 16 calls

2

u/outoftownMD Mar 06 '25

you have 4 x'd currently.

0

u/Tomatillo_Kindly Mar 06 '25

That’s it?! I did buy 16 calls @ 210 expiring tomorrow so ig we’ll see if it’s itm if not im fucked

2

u/outoftownMD Mar 06 '25

I thought you were the 192.5. didnt see username.

You are 7x currently. If it stays like this it'll open just under 7 for you and IV/ theta will be a huge factor to it's decay through the day

1

u/Tomatillo_Kindly Mar 06 '25

Idk much about options I mainly trade forex but Ik how to read the charts and everything so it’s looking like it’s playing a role on options

1

u/outoftownMD Mar 06 '25

not sure about forex, but be mindful that options is the crack cocaine of trading.

1

u/Tomatillo_Kindly Mar 06 '25

So let’s say it opens higher than 210 I’ll make more profit or would iv/theta still be a huge factor?

1

u/outoftownMD Mar 06 '25

you'll make more profit AND itll play a factor since expiry is tomorrow. IF it opens at 220, it'll be at $14-16ish. By end of day if it stays flat at$220, it'll expire at $10.