Easy, friend. Ride that worthless OTM position down a full 100%. Next, consider your initial investment as “tuition”.

Okay. Now, next time when you buy an option, look at the option chain and try to find its ‘delta’. Delta is a good rule of thumb for measuring the probability of whether an option will expire in the money. So, when you bought the worthless OTM weeklie expiring in 3 days like a knuckle head, it probably had a delta of, say, .05. That’s means it has about a 5% chance of expiring in the money.

Now, with that in mind, let’s play a game: First, give me whatever you got in your savings. - $100? That’s it? ... uhh ... Oh well, that’ll do ... Now, that I have your money, I’ll come back in 3 days. Then, on Friday, I let you roll a 20 sided die (D&amp;D style). And get this: If you role exactly a 20 on Friday afternoon, I may or may not give you your $100 back, or maybe it could be a $1,000 if I’m feeling it, IDK, but probably you’ll get nothing because you overpaid for the option to begin with anyway, - &lt;looks at you expectantly&gt; Eh? What do you think? Do you like my game? No? Come on! Why not?

*... And, kids, that’s why we don’t buy far OTM weeklies and baghold them to shitty worthless expiration. You’re welcome.*