Am I dumb or
Recently got back into options after flipping $100 into about $9k on crypto futures. Trying to do the same with this account. And before yall freak out yadda yadda yeah I have an individual brokerage, Roth and 401k. This is just fun money to mess around.
Obviously a crazy drop on UNH recently. I understand it but it also seems like an overreaction imo. Picked up this call at market open this morning. Obviously I don’t expect it to expire in the money or hold till expiration, I’m looking for a quick flip then on to the next play.
Am I stupid or is this a relatively safe bet? Earnings are strong, they’re not going anywhere and insurance companies are reliably profitable. I feel like this dip will get eaten up fairly quick. Any other option strategies I should take while the account still has a low balance?