I have been doing very conservative stock trading for years but now looking to get aggressive and do some options. I have about 10k to play with and looking for very big returns. Any suggestions on which stock option to pick? I know usually people do SPY for big returns - I have no problem losing the 10k because this is basically like a gamble for me so I understand that I could lose it all.

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You want to get aggressive when the market is close to all-time highs? Warren Buffett has a great quote: “be fearful when others are greedy and be greedy when others are fearful”. I think I need to trim my exposure now…lol

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What puts would you buy?

This is not financial advice. If someone forced me to spend 10K I would wait on the next NVDA or AMD dip and buy 6 month out call options within $40 of where NVDA is or within $15 of where AMD is. Good Luck

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This

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Aggressive would be going with 0DTE options as AM1 mentioned.

Slightly less aggressive (but still assertive) would be putting $10k into a 3x leveraged ETF like TQQQ or SQQQ depending on your market sentiment for the next trading day.

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Start with stocks you know the cycles of well. Look up the wheel strategy. Go a few months out and SELL to open a put on a stock you would buy anyway at an 80% chance of profit. If it expires worthless take your cash and think about your outcome and your emotions. Did you pick the right price and direction? If you get assigned sell a covered call at the orice you got assigned.

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Hi could I DM you ?

I don’t mean to throw cold water on your gambling plans, but unless you understand options mechanics (Greeks, implied volatility, strike selection, expiration selection) you will most likely burn through 10k on 0DTE options and be left with zero faster than you think.

What is big? 10% in a month? Double your money in a week? 10x in a year? Any options play with big returns comes with a terrible probability of profit (as in, you can double your money in a week but you have a 5-10% chance of that happening).

If you really feel like going to the options casino knowing all that, one play would be to look for binary events - think earnings releases, FOMC news, and other known news events. Lookup historical data on the event and gauge what size moves happened in the past, as well as looking in the options chain to see what the market is pricing in - the options will be pricing in an expected move for the upcoming date for the event. Study options strategies that may profit from your hypothesis (“I think NVDA will crush earnings in Feb!” - for example) and then set it up. Explore different combinations of puts and calls that will give you the return you want, given the risk and be prepared to accept the potential loss.

Once you have your orders filled, wait, watch the market and hope you were right. If so, you will have made a massive amount of money in a few days. If not, it may be all gone and then some.

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Can you risk 25K? If you wanna get aggressive, play with 0DTE SPY calls/puts and don’t worry about the pattern day trade rules.

Otherwise, trade futures with $10k and dont worry about PTD restrictions

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How does that work- as I had a Ninja trader account and could not figure it out. I leverage 1.2 M on trading Tesla for a brief time but no huge gains but gains that added up.

Yea I’ve been following SoFi and that has been getting crushed lately and I feel they will kill at earnings so that’s another thought - so hoping it goes down more up until earnings and do a call on them possibly

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If you just want to gamble put it on the crypto called $WIF on the Solana network

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I’d throw your 10K in a money market account at almost a 5.25% return and wait for the next major drop. Everything besides bonds looks expensive.

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Sir, he said he wants to gamble. Meaning if that’s what ur expecting he’d probably rather buy $10k worth of puts

Would serve him two benefits
1. He profits if we crash
2. He hedges his long only positions

Thank you PM 1! Very sound everything you said.

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Thank you for the responses - yes 0DTE or maybe 2-3DTE SPY does intrigue me the most probably - and if you put it abit out of the money and you hit - seems like you can triple your money quickly but of course can lose all or big chunk of it

Yes very true

I like these ideas also - it’s just these options are just a ton of money each even 6 months out - just doesn’t seem to have the most bang for your buck when you want to gamble it all but I will look at it also - I think AMD earnings are coming soon

On the selling to open side of the equation I look for steady 1% gains each month. It feels like you are moving slow but it really adds up over time.

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