>>60823103
>get puts before a rebound
>if spy goes down volatility goes up, juicing the put value
>then the price goes up
>volatility collapses, nuking the price of the puts, vega fucks you
>you also get triple fucked by theta, delta and gamma
if you are doing 0dtes or 1dtes, take profits early and run away, use up stop losses, consider hedging your bets with a strangle or straddle. it's better to end up neutral or with a minor loss than going -50% or worse. good luck fren, at least you didnt nuke your entire inheritance or house
