Baked Beans is King @BakedBeansMiner
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@theRealKiyosaki Well then i'll start scaling in to long puts. VIX is still above 19. Once we hit the demand zone VIX will spike and most probably past 2020s high of 80.
Let's say price drops to at or near 385. *Keep in mind Call side is heavier* ok...so 383p for example starts having a gamma>delta. 387c also gamma>delta. Would you then open a straddle for 383 strike?
$spy for all the pro options traders, I've got a question about day trading it. I wanna start 0dte lotto plays.
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Let's start with this coming monday's opex. 385p has a high OI so I'm assuming this is a possible pivot. On the other side 400c has an even higher OI. So overall call side is heavier.