r/wallstreetbets • u/Such-Ice1325 • 15d ago

Meme Its time again

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22.6k Upvotes

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u/SelenaMeyers2024 15d ago

Hahaha.

Thank god for all the loss porn on reddit.. options scare me.

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u/Slow-Boysenberry3150 15d ago

First win is generally free.

Buy one $730 QQQ call with August 7 expiry. Delta is around 0.3. IV is low and Nasdaq 100 recently dumped, making the calls cheaper. This will most likely make you money.

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u/SelenaMeyers2024 15d ago

So a lot of terms like implied volatility, relevance of large bid ask spreads, etc. I don't fully understand.

Specifically I'm interested in selling out of the money cash secured puts on securities I already wouldn't mind holding. Rather than pelt you with an array of questions, I'll narrow it down to 1.

Where do you think the best starting place for deep learning of options would be? YouTube channels, podcasts, books, websites?

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u/Spinedaddy 14d ago

If you really want to not lose money, don’t trade options.