Options are too risky.
$Meta Platforms (META.US)$ On October 30, I purchased two call options of Meta at 32.4 yuan each. Now the price is only 3.55 yuan, representing an 89% decline. I thought it was a good time to buy the dip. The expiration date is December 5. Is there any chance it will rebound?
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71089246 : Even if the price gets close to the strike price at expiration, it definitely won't break even. It probably won't be much higher than the current price either. Damn, the institutions are making a killing on this options trade!
不知小店 OP 71089246 : If I sell tomorrow and then buy options with a longer duration, I will incur significant losses. However, I believe the price could rebound.
VegFarmer 71089246 : Zuckerberg insists on paying taxes all at once. He is the largest short seller.
目标不工作 : Whether you go back or not, you won't be able to sell it anyway.
OhGreen : Buy one more to average down the cost.
不知小店 OP OhGreen : It's terrible. In just 12 days, there has been an 89% loss, and now a rise of approximately 900% is needed to break even.
71089246 不知小店 OP : You're doing relatively well, having only bought two contracts. I've purchased a total of 30 call options that are about to expire at the end of the month, and my losses have been so severe that it feels like I've lost everything!
2percentAweek : Buying this kind of stock will definitely be difficult to rebound; it is necessary to cut losses in time. Generally, you can buy those priced at a few dollars and wait for them to rise back.
不知小店 OP 2percentAweek : This is not just a case of cutting losses; it’s more like there’s barely anything left after the cuts.
defishu : There’s no chance now; this is the kind of order we’re dealing with.
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