>You can’t buy options on a $1000 stock

Yes you can.

Thanks for your pedantic contribution. I obviously mean you can’t buy them on a small account. You can by a fraction of an NVDA share with $200 but you can’t buy a call option

You quite literally can; a $1000 strike call contract on NVDA 2-DTE is <$2000

$1140 strike is <$200

(before markets closed today obviously)

Man.. this forum is something else

It quite literally is not something else

I heard they are also announcing a 10 for 1 stock split, which would really help the option cost too due to the share price going to about $100

Call / put spreads work

aaaand? why should you be able to? get a bigger account if you want to play around with 1k stocks.

Stock price is completely arbitrary. AMD could have 5 digit share prices if it did reverse splits.

Somebody think about the casinos!

Yep. It is really hard to trade options even for hedging when the notional is so high. Of course you can do combinations of strategies to lower the upfront but I imagine many brokers might just not give the credit worthiness or permissions for that. Don’t know why your were downvoted. Unless I miss something obvious, as well.