For the better part of two years, artificial intelligence technologies have been a nonstop gift for US equities investors. The Nasdaq 100 Index rose 92% from the start of 2023, adding more than $14 trillion in value and minting billions for a handful of tech executives and founders.
I’ve seen some predicting 105 eod and at that point you’d be doing pretty well on puts. I just burned my ass on contracts friday though so I’m staying well away from this.
I swear puts make so much sense but who knows in this fucked up casino
Edit: Looks like most of the drop was just in pre-market. But who knows. Could drop some more. I’d say this made a lot of people rich. And even more poorer
Double edit: Unless you bought puts friday I’d say you’ll lose your ass on puts today. Looks like a slow burn and I imagine premiums will cut away your profits. But who knows maybe it will dump later today.
All in all a total decimation of the U.S. stock market this is not. But it could be a sign of a bubble soon to pop
I could see Puts on QQQ or other tech heavy ETFs being a good interday trade. IDK what a good Put would look like as a long term hold. Like you said Theta eats away at your value.
Options aren’t built for long-term speculation. Maybe futures are the better way to trade this dip?
I’ve seen some predicting 105 eod and at that point you’d be doing pretty well on puts. I just burned my ass on contracts friday though so I’m staying well away from this.
I swear puts make so much sense but who knows in this fucked up casino
Edit: Looks like most of the drop was just in pre-market. But who knows. Could drop some more. I’d say this made a lot of people rich. And even more poorer
Double edit: Unless you bought puts friday I’d say you’ll lose your ass on puts today. Looks like a slow burn and I imagine premiums will cut away your profits. But who knows maybe it will dump later today.
All in all a total decimation of the U.S. stock market this is not. But it could be a sign of a bubble soon to pop
I could see Puts on QQQ or other tech heavy ETFs being a good interday trade. IDK what a good Put would look like as a long term hold. Like you said Theta eats away at your value.
Options aren’t built for long-term speculation. Maybe futures are the better way to trade this dip?