Sometimes you think you have a really great contract but the time decay is higher than the amount you make per dollar movement of the stock. For example the below trade, RN SPX is down 86 points (and counting lol) but the option is LOSING ITS WORTH 🥹
Trade was entered yesterday while SPX was at a strike price of $3994. This what I mean when I say don’t get trash contracts
This is a story of how Theta ate my money ðŸ˜ðŸ˜
