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!

sounds like a great strat did you back test it? most penny pharma shitcoins do go down but like you said the new of anything will completely face rip your short position.

it can go up or down or sideways, but fr watch the VIX and this is a good post and position. not a g bear but besides some god almighty santa rally I would have done the same. News is neutral at best and the housing mkt looks like shit, fucking food is expensive as shit, and same with gas. INflAtiON is alive and well. Have some big balls and dont paper hand these, uninstall the app is my advice so you wont have the wild emotional roller coaster day to day. Check back maybe in 1 week increments.

!remindme 3months

every ipo is always for the underwriter to profit, like one of the big banks. Retail gets le fucked in this case they get grinded