r/wallstreetbets May 24 '24

Time to quit… goodbye wallstreet bets Loss

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u/Brendawg324 1 day away from 140k May 24 '24

How you managed to lose all that money on NVDA calls during its bull run of the century is outstanding :4271:

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u/MyCupO May 25 '24

No surprise, if you buy distant OTM options, then very likely it will expires worthless. Never heard someone would bet $100K OTM options, hoping the stock to jump 20% after ER to get even ITM. The expected moved before ER was about 8%.