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I just woke up and yolo'd my life savings on AAPL calls, $240 strike expiring end of the week. Feeling bullish after their news. This is not financial advice, just wanted to share with my fellow degens. 🚀📈🍏
Submitted 1 year, 4 months ago by papertohands
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FYI, you're paying huge theta on weeklies. Your break-even price is probably more like $245. The stock needs to move significantly in your favor, and fast. You would've been better off buying further out even if it means less contracts. Just saying.
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I've been long AAPL since the iPod, good luck, you'll need it. Options that close to expiry are a surefire way to lose money 9 times out of 10, unless you have insider info. But hey, it's your money. I'll stick to my dividends and long term growth, thank you very much.
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Lol, can't wait to see this fire burn. Easy way to turn life savings into life lessons. You know what they say - the stock market is a device for transferring money from the impatient to the patient. Your donation to my wallet is appreciated.
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