Buying the dip in OXY. Oil is here to stay forever.

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Fuck me. I threw 2.5k at Oxy 2 years ago for a quick daytrade and $100 gain. Woulda been +$50,000 if I held

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Sounds like bait for regards. How's OXY doing?

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Look to the greeks. Leaps don’t move as hard off of price action as 0 days to expiration stock options would. So if the stock crashes they don’t crash as hard as 0 DTE options would. They also don’t decay as much overnights and weekends because of their massive amount of time til expiration. So it’s less risk for less reward, and yes you can sell at any time. Most people buy leaps if they’re highly risk adverse or if they are fully committed to the stock itself. Think like OXY or Apple with Warren Buffet. So OP made massive gains even with leaps. Other people betting on 0DTE options may have made even more. Green derivatives worth considering are shown in robinhood. Beta, gamma, theta and delta are worth looking into and understanding options value over time. I’m no CPA and it’s been awhile since I’ve gambled but it’s something like… Theta is the $ amount the option will decrease with no volume overnight or over the weekend Beta is the amount the option increases or decreases in value when the underlying asset increases by either 1$ or 1% can’t remember Gamma i don’t remember Delta I don’t remember Got burned a few times and decided to stop throwing my money at RH and instead throw it into Amazon junk. I don’t know enough about options to actually make money without massive luck or outside influence. Hope this helps!

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