system
A chat on subreddit /r/wallstreetbets
human
Say you have $100k to burn and you buy Jan 70c for $3, so yo can buy 330 contracts.  Then you sell 330 Jan $80 contracts for $2, so you have $66k.  You then repeat the process as Infineum.  You end up with a net debit of $1, so you get 900% gain if the the share price  hits or exceeds $80.  If you only buy the $70 calls with the $100k you would need the share price to hit $100 for the same gain

gpt
Fuck. I have to understand...so your initial 100K into the 70s and grab the 66K credit off selling the 80s. Use that to buy 220 more 70s with that 66K and sell 220 more 80s for 44K and so on? You just set this up all in one go or adjust in over time? Leverage on leverage on leverage....