/biz/ - Business & Finance

since there's not a ton of DD to discuss, is anyone here an options chad? there's some kid in these threads who made 20k from 2k options trading. i'm just hodling my stocks, but i have just a little bit more liquidity to throw in and i was thinking about using what i have to play around with options.
if there are any options chads on GME, was wondering what strategies you used.

>>29878080
>>29879138
sorry. i'm being dumb here. i guess what i don't get is: if i buy an option that's out of the money, then that means the current market price is say 100 and the strike price is 150. so i'm making a bet that at some point before expiry the price is going to rise to over 150. that makes sense to me.
But if I buy an option in the money, does that not essentially mean that i'm buying something that gives me the option to buy at less than the current market price? that is to say, if the market price is 100 and i buy the option to purchase it at 50 dollars -- then i can just exercise right now and make a profit of 50 dollars right? the only way that this makes sense to me is if there's a premium to buy that option right now that equals everything out. that is to say, if i want to buy an option to buy at less than market price i have to pay that difference upfront: aka 50 bucks right now.
thanks to anyone who helps.