Its a double whammy! He's gonna get theta AND vega fucked!

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Upgrade to margin account and go for spreads. With pure long calls you suffer theta, vega etc.

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Vega gang eats today too

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Vega gang says helloooo

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I should clarify that IV will remain consistently high on some of these retail favorite small caps. So vega strats probly won't work.

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then the vega will just cancel out, partially.

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Yes but we are talking about Vega tho? I thought farther DTE contracts had a higher Vega cause they have way more IV

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For OPs contract the Vega is at .72 at 35% IV rn. IV will go up like crazy on Wednesday but after that the IV will suck. But as someone else here said OP does have a while to hold it out so the IV will build back up I think.

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