You don’t get to use the premium, it’s held in escrow as collateral against the position. There is basically zero chance NVDA goes in the money on these, but that wasn’t the goal. The real way this trade is profitable is any spike in volatility will decrease the spread. I.e: I opened the spread and received a $29.99 premium by putting up $0.01 in risk. NVDA earnings has a 5-7% run up in a few weeks… (very possible, look around at all the insane volatility) Now the spread is “more likely” to hit, IV increases, and there are buyers for $26-$28. I close the position for $27 and keep $2.99 x 100 x 225 =$67,275.00 for ~$250 in risk. This play is about as dumb as buying single leg call options that are deep out of the money. It’s dumb, and gambling, but not as regarded as the millions of people in this sub that don’t actually understand options.

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#Ban Bet Lost /u/EcstaticWear5903 made a bet that AMD would go to 240.0 within **1 week** when it was 253.63 and it did not, so they were banned for a week. Their record is now 0 wins and 2 losses [**Join WSB Discord**](https://discord.gg/wsbverse) | [**⚔**](https://www.reddit.com/r/KarmaCave/)

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#Ban Bet Lost /u/heibba made a bet that IREN would go to 80.0 within **5 days** when it was 63.31 and it did not, so they were banned for a week. Their record is now 0 wins and 1 losses [**Join WSB Discord**](https://discord.gg/wsbverse) | [**⚔**](https://www.reddit.com/r/KarmaCave/)

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Or another country at war right now that I'd get downvoted into oblivion for mentioning by name

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#Ban Bet Lost /u/Teeedotem made a bet that OPEN would go to 10.0 within **4 weeks** when it was 8.108 and it did not, so they were banned for a week. Their record is now 0 wins and 2 losses [**Join WSB Discord**](https://discord.gg/wsbverse) | [**⚔**](https://www.reddit.com/r/KarmaCave/)

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yeah because that's how IPOs always work right? that's why every single company on the stock market is priced lower now than when it IPO'd right?

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Now imagine needing 8 floppy discs to install an 8-bit chess game on your IBM PC.

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This is interesting, I had similar assignment just before midnight, and seeing the assignment message dated 12:01 AM now, and at 3 AM long puts has been assigned. Does it mean I will pay 1 day of margin interest for $133K? https://preview.redd.it/mf7h3m9iziyf1.jpeg?width=1290&format=pjpg&auto=webp&s=01dcdf7df7906b9f0e395d842222828a233ea209

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Gonna break your other legs now

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Lmao yeah right, thats sounds cute until the management guy needs to make the decision to spend 10 million on a commercial or just let the intern generate one which is good enough Like its rather the high budget ones of big companies which will rather choice the better alternative over some moralistic values that real human work is better than ai Also nobody gives two shits about ai being used for ads, like most ads are already fake as fuck and literally nobody likes ads in the first place, as if people going to be like "Oh no this trillion dollar monopoly company which uses third world slave labor and gives no fucks about the environment, used AI for their annoying ads, i was going to buy their product but I guess now I will rather starve"

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