AlfredKinsey t1_j2c43p7 wrote
Reply to comment by gypsies232 in Decided to YOLO my Christmas bonus on 0DTE TSLA puts instead of doubling down on my calls today by gypsies232
In the future: it’s easier to deal with high liquidity, low price (like literally small number), and narrow strike differences in your spread, especially when you first start. The whole point of spreads is to reduce risk, but a $900/share stock with $5 spread strikes is always going to require a lot of risks.
It’s also not a great idea to be risking 100% of your account. I only revolve about 5% of my portfolio through theta strats.
Also, don’t continue digging into a losing strategy, just loose and walk away.
BigAnalogueTones t1_j2d9dh5 wrote
You don’t belong here sir
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