This has actually been a fantastic environment for options gambling because the options market has been massively underestimating IV for weeks. Many are beginning a lifetime of gambling addiction. Please do not try to do this. This person is going to lose all the money eventually and chase getting it back again. It’s just doubling down until you lose a bet and then you’re done. And a lot of people only show the last week. If they show the last year or all, they are often still down bad.
yeah i refuse to start an options account for this reason. i burned all my luck with the first and only squeeze with GME (knew nothing and did a x10 profit and dipped)
afterward I tossed a few hundred into meme stocks and went to shit and noped out forever. the money helped my partner get a vastly better job (paid for training)
This has actually been a fantastic environment for options gambling because the options market has been massively underestimating IV for weeks. Many are beginning a lifetime of gambling addiction. Please do not try to do this. This person is going to lose all the money eventually and chase getting it back again. It’s just doubling down until you lose a bet and then you’re done. And a lot of people only show the last week. If they show the last year or all, they are often still down bad.
yeah i refuse to start an options account for this reason. i burned all my luck with the first and only squeeze with GME (knew nothing and did a x10 profit and dipped)
afterward I tossed a few hundred into meme stocks and went to shit and noped out forever. the money helped my partner get a vastly better job (paid for training)