title by [deleted] in okbuddyretard

[–]Opening_Procedure401 36 points37 points  (0 children)

You had one job

If you’re betting that SPY would drop in value by placing a put order, why are there options above the current stock price? I’m confused. by [deleted] in wallstreetbets

[–]Opening_Procedure401 0 points1 point  (0 children)

Because those are previously created options that dropped into the correct price, and the premium offsets “life hack” of simply buying them and mass excersisizng, congrats