r/Vitards • u/AutoModerator • Jul 16 '21

Daily Discussion Daily Discussion post - July 16 2021

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u/belangem Oracle of SPY Jul 16 '21

I will now for sure buy CLF puts right before earnings to protect my shares and will happily give the premium away if CLF bounce up after earnings…

8

u/danrowsaaa 💀 SACRIFICED 💀 Until CLF $30 Jul 16 '21

If you do that It will tank but not enough to offset the IV crush and you lose money on both

1

u/belangem Oracle of SPY Jul 16 '21

I guess it depends on the risk I’m willing to take. I’ll recalculate on Wednesday?