Give me a YOLO stock call/put

[Deleted member 7173]

I have 300 dollars. Can someone give me a YOLO call/put that has a chance of big gainz?

 

[AscensionMan98]

I have 300 dollars. Can someone give me a YOLO call/put that has a chance of big gainz?

I would recommend a YOLO n on Feb 15 puts for russel 2000 index (Ticker=IWM) and the nasdaq ( Ticker=QQQ ) option chain. 150$ each would be a good idea. Close it a month latest before expiration, or wait for a correction of at least >30% to happen before closing. Since your $ are limited you would forced to buy a option that is deep out of the money

Put Ideas

QQQ= Nasdaq 100 Index ETF
IWM= Russel 2000 Index ETF

QQQ=195 ( cost=1.95), -33% correction from current price.
IWM=110 ( cost =0.98) -33% correction from current price

Total cost= 293$

You could close once it reaches the strike prices. The premiums will skyrocket once it reaches that area. More then likely we will see a bigger crash in the tech heavy QQQ nasdaq index since it has so many over valued tech companies that will drop like a rock once vaccines are developed fully.

Crash catalyst:

-Most expensive stock market in 20 years
-Buffet indicator which looks at GDP to stock market ratio is at a all time high more then the dotcom bubble peak
-Feds, which are propping up the market , there chairman mr JPow says that the Feds can't help the stock market much unless a second stimulus happens, which as we have seen congress and senate are in a gridlock
-No stimulus means markets can't go higher anymore= crash
-Covid " second wave" concerns and re lockdowns
-Concerns of contested upcoming election

Potential Price action next week
-Prices might go higher for whatever bs reason and break by a few % the last highs we had in september, but at this point it seems less likely since we were at a high on Oct 12 around 296 (12,100), now 288 (11,800) for QQQ/Nasdaq Index.
-Even if we go that high, it would be good for you because once it corrects, the crash would be more severe and faster
-
Likely timeframe of crash
Week of October 19th start, or Week of November 1 ( Elections Nov 3rd), so likely Nov 4th, especially with a Biden win. If Trump wins market would still crash as a stimulus is needed. Democrats would throw a temper tantrum and try to fuck him over by not getting the stimulus approved for as long as possible



You could if you want go in half now and the rest later if it goes up but if you have diamond hands it doesn't really matter. The total amount you make at the end isn't impacted that greatly if we go to say 313 and crash anyways. Sure the option would show a loss temporarily, but you have to hold it with diamond hands till the trade goes to your favor instead of being a bitch with paper hands.


How long would crash take- 2 months is my guess, but it could be super fast like the march crash and happen in a month. All Depends

 

[eduardkoopman]

I have 300 dollars. Can someone give me a YOLO call/put that has a chance of big gainz?

tesla. or bitcoins. are cool

 

[Deleted member 1862]

buy looksmax coin

 

[aspieSavage]

You're better off going to the roulette table and putting your 300$ all on green.

 

[wtf]

Bitcoin. All of it. Hold 10 years.

 

[leprechauncel]

JFL. Puts and calls are mostly retarded unless you're a 140 IQ quant. Might as well go to the Casino.

Look into leveraged ETFs if you're feeling risky (TQQQ, SOXL, SPXL). Less likely you lose it all like with Calls/Puts, but there's a better chance you get retarded gains over time.

For The Bold, This Leveraged ETF Provided Long-Term Rewards