well, options are fked, I just checked, if a sizable IV crus...
well, options are fked, I just checked, if a sizable IV crush happens, OTM calls barely makes money, like 10-20%. If very low like 405call then can be a bit more. Now this current conference call could change it and push it higher, but it will then drop back down after conference in pre market tomorrow, it is what it is. Very small movement compared to the others
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虎哥论股 : Why not use spread?
151323736 OP : If broadcom is +2% or below at market opening tomorrow, vast majority call options are actually slightly negative due to IV crush, i went with a reasonable 25% of existing IV. So 60% IV crushes to 45%. Again, its uncertain how high it will be tomorrow by pre market. Sorry for too many comments, i am contemplating my life right now after my put was destroyed. I did only invest what i can lose, and its not actually 0 either (like 20% of its original value after IV crush) but yeah
151323736 OP 虎哥论股 : I should have, i thought this stock was gonna crash (it would've if slightly beat or met), like broadcom is up only 3.5% despite insane beating, like crazy. My theory wasn't wrong, i was just greedy. But i only invested minimal, lost 1200USD i think, its something I can afford to lose, no loan or anything so yeah
GCC1234 : it is dropping rapidly so your out might work now