02-19-2019, 12:38 PM
I know I don't have it figured out on my gambling option plays. This was a one time quick hit that I knew had a small percent chance of burning me. And it was a very small percentage of my portfolio so if I was burned, it was minimal.
No way this is a common occurrence. Nearly all of my options are for stocks that I want to buy. Though if I see a stock that I believe is extremely overvalued, I will buy a put. Rarely do this as I don't like to spend money and as you say, 90% of the options expire worthless.
No way this is a common occurrence. Nearly all of my options are for stocks that I want to buy. Though if I see a stock that I believe is extremely overvalued, I will buy a put. Rarely do this as I don't like to spend money and as you say, 90% of the options expire worthless.