Shared by
AtlasVanguardTrading
Looking at this trade it is clear to me that I would be better off buying a lotto ticket at the gas station than trying to scalp AMC. IV makes these contracts an option traders nightmare to scalp because they just end up getting crushed. I took a much larger loss on this than I should have.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-01 10:11:59 | 1 OCT 21 40 CALL | buy | $0.7600 | long |
| 2021-10-01 10:15:48 | 1 OCT 21 40 CALL | sell | $0.5700 | 0 |
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