8.15Open9.97Pre Close1 Volume26 Open Interest39.00Strike Price815.00Turnover0.00%IV-0.33%PremiumDec 20, 2024Expiry Date8.25Intrinsic Value100Multiplier-1DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma3.73Leverage Ratio--Theta--Rho--Eff Leverage--Vega
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.