(03-10-2020, 11:16 AM)Otter Wrote: I also just checked out the Call option chain on SVXY. 1/21/22 near-the-money 40 Calls (expiring in 682 days) have an ask of $11.30. I anticipate this market will have a couple more volatility spikes and big legs down, driven by headlines such as hospitals running out of beds. Long-dated NTM SVXY calls could get substantially cheaper. Assuming you are able to buy within a fair approximation of the bottom (BIG IF), those would likely print money during any sustained run-up in the years following.
Maybe we should change the title of this thread to Risky Options Bets. LOL.
In all seriousness, this is why any pool of funds allocated to options will remain at levels that I am willing to risk going to 0%.
LOL, it has become the Risky Option thread. I think we should be free to discuss all our ideas, but always disclose the risk factor of our actions. We didn't get where we are being reckless. Maybe I am being a little too idealist but the intent on the net commentary is to cause no harm to others. That matters a lot to me. I sure wish others felt the same as I have been led astray plenty by others over the years. Recent S.A. articles annoy me. It's probably the most popular stock forum on the net, and the high number of bullish articles on obviously troubled sectors is outrageous. They are in denial and getting people financially killed right now.