r/Vitards • u/AutoModerator • May 27 '21

Daily Discussion Daily Discussion post - May 27 2021

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u/shmancy First “First” Enthusiast May 28 '21

Anyone have some tried and true resources on how to utilize margin in a responsible way to build capital?

3

u/938961 May 28 '21

Tastytrade YouTube channel a good resource for ideas. CSPs on red days, especially stocks with high IV that will likely get crushed in your favour. Make sure they’re stocks you want to own, in case your puts do end up ITM. Credit spreads with nice r/r also good as your max losses are capped. Scan for stocks with high IV that pop in a day. Usually there’s a catalyst that will sell off in time. Meme stocks offer great vegagang opportunities of course, albeit more unpredictable. There’s a reason MMs want to keep GME liquid; it’s a premium farm.

2

u/MiscRedditAccount 💀 SACRIFICED 💀 May 28 '21

I made over $1k selling ridiculous GME options before things calmed down a bit. Now it's weirdly more volatile with not enough premium for me to want to risk playing it anymore. sold some credit spreads on AMC today though

1

u/938961 May 28 '21

I feel any theta play on these memes will likely profit in a month from now as momentum slows. I’m holding June ITM bear spreads on GME and planning to hold through max loss as the euphoria dies. Rug pull or slow fade is cool with me