this post was submitted on 13 Nov 2024
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Someone turned 80k into like 1.2 million betting on Tesla calls or something and hedged with a Kamala win bet it was like 50k tesla/30k Kamala and they turned it into 1.2 million via Tesla somehow

Is it like

  • bet 1/2 on unlikely thing
  • bet 1/2 on likely thing
  • rely on gains on either side averaging out to at least ++
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[–] JackbyDev@programming.dev 6 points 5 days ago

Options trading is very much more like gambling than traditional buying/selling stocks.