So I’m downsizing my betting to dollar calls and options. 20.00 and under, this includes my Sbetting. Iv come to the conclusion I’m terrible at options, mostly odte and deep ITM puts. I’m also terrible at SBetting. I’m bringing my normal 1200 a month cap to under 100 dollars a month. Which means I’ll be buying 20.00 and under calls and puts. Defiantly otm. Is this practical or am I being delusional.
Posted by NomadStar45
2 Comments
You’re basically buying lottery tickets at that point. Theta’s gonna eat those OTM contracts alive before you ever see a move big enough to profit. Nothing wrong with a small account but you need to pick strikes way closer to the money or switch to spreads so you’re not fighting decay with every position.
This is a horrible idea.