I am new to options..
I bought put $BULL 8/29 $13.5 for $0.1.
Earning is tonight and if it falls 9% from current price I am in positive. It can go even lower with bad earnings, 10$ gamle felt worth it. Or go all the way up which is good for my 40DTE CSPs.
I also bought last week a $6 call for $NIO expiring on its ER week, which is already in positive..
Do you have any feedback for this low cost ER gamble strategy?
Short DTE, small cost ER gambles
byu/Only-Gur-3755 inoptions
Posted by Only-Gur-3755
2 Comments
Look at OPEN. Worst case scenario. You can’t get greedy. That happened to me. Got Greedy and I’m now paying for it. Learn to take assignment. Sell a CC’s or just sell the shares if needed.
Its a pretty unreliable way to speculate. You’re better off buying the rumor and all that, compared to playing earnings. Maybe buy a mag7 contract 60dte 5% otm and sell on the first pop, then pick a different mag7 and do the same thing. That’s a more logical way to start an options quest.