Jan. 19 at 9:59 PM
$ALGO.X you do of course know, that if you buy 250 contracts at 0.35 for
$8900 after commission, and the underlying trades from 175 a share down 9% on the day to 160 a share:
If you’re holding 0dte 170 Puts, those 250 contracts will rise to 10.00 each (
$1000 per), and your result will be a quarter of a million dollars, right?
ZOOM
$ZM did this on the last Friday of April in 2020.
You have ten followers: I did this with thousands of people in the Zoom room watching.
Just because you’ve never done it yourself doesn’t mean you shouldn’t be able to wrap your head around it.
Unless you’re an idiot.