Im still a noob learning the ins and outs of options trading.
I saw someone posting on WSB they bought 14k worth of calls on TSLA with strike price of $206 expiring september. He bought this when Tesla crashed a few weeks ago, down to $160.
This week Tesla jumped to $170, and that alone netted him $7k profit.
This seems like free money or easy money. Of course Tesla is bound to have a few pumps. It doesnt have to reach $200 by September, all it had to do was move in the upward direction and it made him $7k. How is this risky?? You dont have to wait till september and you dont have to wait till it reaches $200.
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