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re: Wanna yolo? Buy some calls on volatility.

Posted on 3/14/24 at 7:45 pm to
Posted by barbapapa
Member since Mar 2018
3228 posts
Posted on 3/14/24 at 7:45 pm to
delta 20-40 on the strike price? I'm very impressed but drop us some more hints in layman's terms
Posted by BourbonDad
Somewhere on the vol surface
Member since Sep 2016
193 posts
Posted on 3/14/24 at 7:56 pm to
Yeah, I prefer buying an option that’s a little out of the money. So I choose my strike based on delta then make sure the chart and everything else supports it reaching that strike plus more with plenty time left to expiration. It’s also a better way to communicate a trade regardless of product if that makes sense.
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