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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. ๐๐๐
Submitted 2ย years 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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Nice move, mate. AAPL got some serious momentum after their latest announcement. But highly risky move with the weekly expiry. Remember, the market can stay irrational longer than you can stay solvent. Let's ride this rocket together. ๐