Puts on $bynd

Google whatsgood
Oct 20 9 Comments

this 💩 stock goint into the 🚽

thanks $bynd for being the top trash stock of 2019. cashed out many many dollars last week.

Sub $60 by EoY if not sooner.

Puts on $bynd

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TOP 9 Comments
  • Brightcove moosepuck
    “Hey,this tastes like shit. You guys make money off of this?”
    Oct 20 0
  • Facebook opissaying
    Any recommended resource for beginners in option trading?
    Oct 20 2
  • Amazon TiCi
    I’m an options aspie so I ended up losing money even when I bought puts. Bought the wrong ones unlike you and am still down like 10%. I bought $55 OTM puts that expire much later, at May 2020. Was trying to minimize theta while at the same time trying to get crazy returns so that’s why the strike price was minimized but the expiration date far out. However that still managed to turn out negative despite this shift which makes me pretty mad.

    What am I doing wrong? Choosing the wrong strike price and expiration date is one of them, but there must be something about it I don’t understand.
    Oct 20 3
    • Two Sigma / Eng mgre
      A better way to reduce theta is to use a debit spread, eg. Buy 120 put and sell 115 put.
      Oct 20
    • Amazon TiCi
      Did some research on that and unfortunately you need to know when the stock will go down by that level. I also didn’t know at the time when the investors will no longer stay irrational. As Keynes said, the market stays irrational longer than you can stay solvent.
      Oct 20
    • Two Sigma / Eng mgre
      For any position, you have to be taking a view on something.

      If you think it's going down, you can open an ATM debit spread and whatever expiry you're comfortable with.
      Oct 20
  • Two Sigma / Eng mgre
    Would have saved a lot of money with some aggressive spreads
    Oct 20 0

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