Jun. 12 at 11:22 PM
Mark nearly wiped out his small account again by gambling on "0DTE" (zero-days-to-expiration) options-essentially lottery tickets. I urged him to stop gambling and take a longer-term view, suggesting he buy options with longer expiration dates based on my swing trading thesis for
$SNDK.
He took the advice to heart; yesterday (June 11), he bought just a single call option with a
$2,180 strike price expiring on June 26. Early this morning, he sent me a screenshot: that single contract had already made over
$4,000-a staggering 170% return! He was absolutely stunned and speechless.
Don't buy contracts expiring this Friday just to save a little on the premium. Give your trade setup at least two weeks to play out. With high-beta (high-volatility) tech stocks, nailing just one well-positioned contract is enough to build up significant capital.
$COST $JPM $BAC $WMT