3 ms·
> After a very lucrative exit I was looking at options chains and saw that I could make six figures every month, selling monthly expiring options that were far
by esoterica 6y ago
> After a very lucrative exit I was looking at options chains and saw that I could make six figures every month, selling monthly expiring options that were far OTM enough to make me feel like I wasn't crazy.
That's the classic picking up pennies in front of a steamroller trade. You'll make $100k a month for a few years and then one day you will lose $10m in a single day.