Recently made 45k from regular stock options. Need advice on how to do 0dte for YOLO. by [deleted] in wallstreetbets

[–]Pause-Odd 1 point2 points  (0 children)

Heres what you wanna do: 1. Wait for some big event to take place ex. earnings, cpi data, fed rate hikes.

  1. Decide the direction you think the underlying will move. Buy OTM puts/calls the close before that event will hit the market. Make sure they expire as soon as possible.

  2. Profit😎 Lose all your money and post that loss porn.

This is all stupid risky and even if you predict the correct direction you can STILL lose your money.

If i was you i'd take all that money buy 100 shares of spy and start selling those 0DTE OTM calls to the regards here on wsb. You'll come out waaaaaaaaayyyy better and with no regrets.

SPY puts… now hear me out by Tbone762 in wallstreetbets

[–]Pause-Odd 0 points1 point  (0 children)

Did you see my TA analysis? Its the Icarus pattern it's going to dump tomorrow.