---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38944846.md"
description: "After playing options for a long time, I've summarized some experience and interest rates, sharing with everyone:1-Don't touch small cap stocks. Even options for stocks like TSMC and Berkshire Hathaway lack activity and trading volume.2-Don't touch expiration day options. One-way trends still offer a chance to correct, but it's been a volatile 'monkey market' for the past few months, jumping up and down, with a high probability of losing more.3-Don't touch Tesla. I used to like Tesla options a lot, high volatility, but this stock often wipes out both bulls and bears, lost big a few times and stopped touching it.4-Don't play options on Fridays. Looking at returns over the past few months, basically made money during the week and lost on Fridays.5-Staying at the table is most important. The stock market is a huge battleground, opportunities every day, staying in and surviving long-term is the key.6-Mindset is most important. Treat options like lottery tickets, small positions, small capital, forget the money used to buy options. If you go all in with heavy positions, you might win 99 times, but lose once and it's all gone.7-For ordinary people, your main job is the right path. Looking over a long time, the number of geniuses and experts buried in the stock market is countless."
datetime: "2026-02-27T14:05:47.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38944846.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38944846.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38944846.md)
author: "[元仔](https://longbridge.com/en/profiles/19436003.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38944846.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38944846.md)


# After playing options for a long time, I've summar…


### Related Stocks

- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md)
- [Berkshire Hathaway Inc. (BRK.B.US)](https://longbridge.com/en/quote/BRK.B.US.md)
- [Berkshire Hathaway Inc. (BRK.A.US)](https://longbridge.com/en/quote/BRK.A.US.md)

## Comments (19)

- **FreeBird2025 · 2026-03-01T02:02:46.000Z**: To be precise, it's an incomplete short option
- **跟顾神反着买 · 2026-02-27T15:30:03.000Z**: Thanks for sharing and learning
- **黄毛还我钱 · 2026-02-27T14:51:37.000Z · 👍 3**: True value investing should be about holding only the underlying shares; understanding options is enough. Human desires keep growing. You can win 99 times with options, but lose just once and it's game over.
  - **元仔** (2026-02-27T14:57:21.000Z): The real purpose of options is to provide insurance for the underlying stock, to protect it, and to collect rent from the underlying stock.
  - **瑶瑶0186** (2026-02-27T14:59:06.000Z): 7
  - **黄毛还我钱** (2026-02-27T14:59:17.000Z): Not many can truly achieve it. Maybe you start with this idea but end up going all in.
- **Tui · 2026-02-27T14:34:54.000Z · 👍 3**: Last year, I was the same. I started with playing expiration day options, then got carried away once, went all in with 90% of my position on expiration day, lost millions in one night, and was left with only $2,000. After that, I learned my lesson, adjusted my strategy to play options with longer cy
  - **元仔** (2026-02-27T14:38:11.000Z): Hmm, when encountering major market turning points, use a small position to scratch lottery tickets, or else use an appropriate position to buy long calls on dips.
- **HazelnutX · 2026-02-27T14:22:26.000Z**: I feel the same. Don't buy on Thursday and Friday, be bearish but don't short, and don't buy short-term options within a month.
- **yuan远 · 2026-02-27T14:21:10.000Z**: I basically don't touch options anymore, too difficult, sometimes they just jump around completely randomly.
- **学无止境i · 2026-02-27T14:09:29.000Z · 👍 5**: This is already the second one I've seen on Longbridge.
- **不懂不买 · 2026-02-27T14:09:07.000Z**: The greatest truths are the simplest.
  - **元仔** (2026-02-27T14:11:54.000Z): The hardest part is aligning knowledge with action. Everyone understands the theory, but when the market opens, they can't control their hands.
- **吃肉长身体 · 2026-02-27T14:07:43.000Z**: Received 🫡
  - **吃肉长身体** (2026-02-27T14:31:18.000Z): Listen to advice, slow is fast, don't mess with expiration dates if you can't handle it.Options start from one month,If you seek stability, buy and sell on the same day, accumulate profitable trades a
