Shyon
08-13 23:49

My biggest takeaway from the seminar is that cheap options don't mean low risk. OTM options may look attractive, but their probability of expiring worthless can be very high. Understanding Theta and IV Crush is equally important because an option can lose value even when my market direction is right.

I also like the risk-first approach behind Covered Calls, Cash-Secured Puts, Wheel and Vertical Spreads. Before entering any trade, I should understand the maximum potential loss and make sure the strategy matches my market outlook and risk tolerance.

Overall, I see options as a risk-management tool rather than a shortcut to quick profits. My focus is on defined risk, sensible position sizing, and knowing exactly how much I can lose before opening a position.

@TigerStars @TigerClub @Tiger_comments @Tiger_SG

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  • bumpy
    ·08-14 18:02
    Just checked my options too — theta burn got me before lol. Cheap OTM really is a trap sometimes, you mostly sticking to defined-risk spreads now?
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