3 ms·
Slightly more interesting in my opinion If you were willing to risk $2,100 on a "buy-to-open" long 2-days-to-expiration (2023-02-23 expirations bought 2023-02-
by MuffinFlavored 3y ago
Slightly more interesting in my opinion
If you were willing to risk $2,100 on a "buy-to-open" long 2-days-to-expiration (2023-02-23 expirations bought 2023-02-01 right before close) 3.5% out of the money call ($700 strike), you would've had a 300% return today.
How many people (hundreds? thousands? millions?) tried to guess the right combination of earnings up/down (long/short, call/put) risking money they might not necessarily should be, high premium / theta decay / implied volatility crush be damned?
I'm not saying the stock market is "as much like a casino as it has ever been" but... like... at 50-50 coin flip... it is better odds than a casino? lol
I guess roulette red/black.
- jondwillis 3y agoIDK but I bought some NVDA throughout last year in my self directed IRAs and it’s really been single-handedly keeping me above market return. E.g. without it i’d be worse than S&P over the same period, lol.
- lm28469 3y agoAnd how much of it comes from the elite who amassed the free money we printed like madmen since 2008 and during the pandemic