276% profit on BUD puts, now up 220% on INTC calls - Bought $17 K in puts a few days after the boycott began, cashed out for $64 K a couple of weeks ago. I didn’t post this when it was happening because I didn’t wanna jinx it. $95k was the highest day. Everyone told me to cash out on this day, but I thought I would keep earning. I was wrong. But I still made 47K profit, so not a bad month.
Wish I would’ve also bought Target puts.
Since cashing out of bud, I’m at $32 K on a $10 k Intel call option. And up $4k on an EVGO call.
A TD Ameritrade rep told me that for one of my $BUD calls, I was the only person who bought that call. And for another call, I owned more than half of the contracts at that strike price. I found it surprising that after seeing the gravity of the boycott, with shelves full of bud light, more people hadn’t predicted the seemingly imminent dip. The stock is literally named after the beer.
During the frenzy on regional banks, I didn’t want to miss out, so I made a snap bet that the banks would recover. I was wrong, and it cost me. Now I try to avoid making snap decisions. It seems pretty easy to make money on options if you are patient and wait for the right opportunity.Wallstreetbets
276% profit on BUD puts, now up 220% on INTC calls - Bought $17 K in puts a few days after the boycott began, cashed out for $64 K a couple of weeks ago. I didn’t post this when it was happening because I didn’t wanna jinx it. $95k was the highest day. Everyone told me to cash out on this day, but I thought I would keep earning. I was wrong. But I still made 47K profit, so not a bad month.
Wish I would’ve also bought Target puts.
Since cashing out of bud, I’m at $32 K on a $10 k Intel call option. And up $4k on an EVGO call.
A TD Ameritrade rep told me that for one of my $BUD calls, I was the only person who bought that call. And for another call, I owned more than half of the contracts at that strike price. I found it surprising that after seeing the gravity of the boycott, with shelves full of bud light, more people hadn’t predicted the seemingly imminent dip. The stock is literally named after the beer.
During the frenzy on regional banks, I didn’t want to miss out, so I made a snap bet that the banks would recover. I was wrong, and it cost me. Now I try to avoid making snap decisions. It seems pretty easy to make money on options if you are patient and wait for the right opportunity.
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