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mil11onorbust1 t1_iybonww wrote

depends on timeframe, and dont let them expire. Calls are a better vehicle for going up and puts just suck ass because of their greeks. Farther dated options are more stable and may net you in the long run more profits, I would know I play weeklys like a fool. Finally converted back to monthlys. there are some exotic option plays that require large amounts of capital but depending on strat will net money always. Also if you are a gambler then options are not for you, they are honestly worse then sports betting, you need to learn to curtail your greed. check the volume of the option and see whether or not a MM is just supplying it just because.

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Learn the greeks or not and IV or not. In the long run you'll learn about them either way, welcome home fellow degen!

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