5k on 0DTE Crude Oil Calls

Investor summaryBullish

Bought 0DTE ATM crude oil calls targeting $97 tomorrow, accepting severe time decay for astronomical leverage.

Bull points

Expects crude oil price to hit $97 tomorrow.
Astronomical leverage from 0DTE options if the price moves up.

Bear points

Severe time decay requires at least a 1% move just to break even.
Extreme risk of total loss on 0DTE options if the target isn't hit quickly.

USO

Post body

I had 1 weekly that was ITM, my greed is too strong. I sold out and purchased with the money 5x ATM calls, basically the options need to move up at least 1% just to break even so the decay is going to be severe but the leverage is also astronomical.

I will try to close out ASAP I think the price can hit $97 tomorrow, that's my target, but I will close out at 94-95 if it doesn't hit before 11AM EST

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