Another optionz expiry friday where optionz buying crackheadz will be murdered by fido bots
Crack headz will be found in poolz of blood clutching onto their expensive premiumz that expire out of or at the money. Crackheadz hit the optionz crack pipe with the lottery ticket attitude of 'a dollar and a dream', wondering why they have lost all their money.
"Sybil, if you are so certain all options strategies lose, why not sell them, both puts and calls?"
Wrrrrrooooooong.... Only bot holding institutionz with control of a statistically significant portion of the underlying float can buy and write optionz with success. The day a retailer thinx "i'll sell some expensive puts and make money like a robot" will be the day that a robot clicks into 'buy puts' mode and then pit the retailer to the robot driven stok dump.
All option strategiez do lose, selling puts and callz iz an options strategy, dummy.
I outdid myself yet again
holding some worthless $270 calls at close (expiry tomorrow morning) 100% loss
last week, I dumped the $260 puts at the close for another 80+ percent loss
holding, yes sybil, i bought again, I'm a sucker, holding $270 calls that expire next week (purchased for 59 cents)
good luck to all have a good weekend