Alright monkeys,
I recently got $600 from an old employer who just realized they screwed up my last paycheck. Now, I can either blow it all on Applebee's waitresses or put it in some crappy equity option and go for the home run.
I'm taking all suggestions. I'll be choosing the post that gets the most SBs.
Go wild.
ERX
Calls or puts?
Wouldn't a call be the more "homerun" play as hypothetically unlimited return?
A $1 ATM put could still appreciate to $30. That's a 3000% return. Call options tend to have smaller bid/ask spreads though cause they're more liquid, so I could be saving on the premium.
If you are not too fussed if you lose the cash (it seems that way with tye blow talk ha) I would look at options on VIX, buy at maybe $1 above market, if not at market.
Election play? Please suggest an ETF for this to qualify as an entry.
Dec 2nd puts on DB (sorry DB guys, nothing personal)
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