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There are so many ways to use options, I would use them as lotto tickets. I usually buy calls with strike prices way outside the money for between $100-$200 depending on what I see in the news, forums, Reddit (lol), etc. Most the time they see some early gains, which I never sell of course, then expire worthless. I find they require a lot of attention to be successful due to the high volatility and have generally moved away from them, but they can be very useful for those who have a good handle on their mechanics.
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