1.26Open2.39Pre Close127 Volume664 Open Interest33.50Strike Price22.64KTurnover2442.14%IV-0.26%PremiumDec 20, 2024Expiry Date2.75Intrinsic Value100Multiplier-1DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.9871Delta0.0293Gamma11.16Leverage Ratio-20.4724Theta0.0000Rho-11.02Eff Leverage0.0000Vega
WarlockofWallstreet : this helped me out a lot and puts things into perspective. it's best to cut losses asap rather than have big losses. At minus 97%, you will need 3222% gains to break even.
ex: you have a 10k account. You only use 10% =1000$ per trade. Cut losses at -10% to max -20%. that's 1% to 2% of your account.
JaydenTan : Everyone has their own styles of playing. I'm a fan of SQQQ but I had let it go at 30 at a loss when I saw it might go down to 28, 27. It did.
When I saw it will go up to 30 again and possibly higher. I get in again. I hold it till 33+ . When I see it should come down soon, I let go again.
Now the price is pretty cheap again, I shall study it again and gets in anytime if there is any potential. That is how I play this counter.