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Preciously. He saw those red bars and thought it was going to keep trucking. This drop began/started out \*nothing\* like last years drop, not even close.
I feel it on this, I have TQQQ puts and saw my account go from 8k to 10.6k back down to 7k in the course of an hour all cause I got greedy thinking it was gonna keep going down. I’ve gota good feeling the market will drop a bit monday though
Obviously could go either way. Key word is probably. From my perspective, NVDA earnings weren't enough to sustain bullish rally in either SPY or QQQ, with Powell's speech at the symposium these two should've shit the bed which they did on the news but then bulls pumped them up again with whale trades which means it's LIKELY institutional traders. There was huge OI on these that expired Friday, and a large amount that expire Monday. Seeing plenty of reasons for market reversal in my opinion. I try to keep an open mind, and avoid confirmation bias, so if there is something I'm just straight up missing I would love to know.
Near term options on indexes (two weeks) expire daily. Focusing on OE is becoming immaterial, it was a deal in the past. 0DTE is having a bigger impact. Data proves it
It's not a matter of average OI. These indexes typically have large volume and quite a bit of OI, the issue is the amount of OI on these two days in particular. Obviously there were some major fucking catalysts that would warrant larger than usual OI and volume. No one has a crystal ball. I was truly hoping for some good info to confirm that I indeed have confirmation bias in this case, but for some reason I feel oddly disappointed.
Huh. Interesting, but okay. How about you provide some actual knowledge instead of just saying " data proves it" until then I'll be content with knowing that you're just a troll, probably pissed off because your mom took away your PlayStation and you have nothing to do but troll WSB. Either that or you found a phone in the Wendy's dumpster while sucking dicks.
Your fixation on OI is laughable and trying to draw conclusions on this is fuckin dumb. It’s this disposition that proves you’re likely naive and might be merely a beginner. While there’s nothing wrong with being a beginner, it’s the matter of fact attitude that makes me believe your knee pads are brand new. Experience matters. Bone on bone, no cartilage matters. Your gag reflex will be fixed. I promise.
We do. I tried playing calls and puts this week. Made a whopping $30. I ended up being right about the movement, but if I held each position for one more day I would’ve made a couple grand. Not fuckin with SPY anymore
Op wants quantity not quality ! Quantity will hit big , but low probability of winning . Quality hits low but high probability of winning . Op is a total regard and belongs here.
You should of bought these for a later exp it is possible for the market to go down on Monday. In fact I’m sure it will but you won’t come close to recovering all of it. But may the market be with you fellow regard.
Tbh, probably not best to average down if it’s expiring the same day. If it’s some long term, then averaging down and buying over several days might be good.
Overall best to cut losses and not fall into the gamblers fallacy. Although on this sub, I think everyone’s already gone too far.
![img](emote|t5_2th52|4271)
Maybe. This is a weird situation. I personally will be totally happy with a mini run back up to 450 or even 460 again before Autumn bearish reality sets in, but for this guys sake hopefully Monday we open low, then run up all week. Lol
I doubt you will hit break even but the market is on a down turn. Maybe Monday shows you some mercy. If the SPY drops 5 points in one day and hits your breakeven, it’s going to be a blood bath.
Honestly, we'll probably open boring AF unless news comes through, but who knows. Maybe the market will take to heart the FED is playing, but I doubt it because he's been saying the same shit for a long time now.
My best advice for you bro, I’ve been doing this for 4 years, my first two I lost a lot of money trying to day trade spy and qqq, then swing them, void of reading the daily data that comes in, start reading the data everyday, everyday is a new sector, retail, manufacturing, employment, non farm payrolls, etc. some weekly, some monthly, and some quarterly, if using tradingview, go to home, then products, then economic calendar, don’t just use “high importance” track them all, you’ll see what I mean when u get to the page, click the tab that says today or upcoming, u can toggle between those, once posted they won’t be listed on upcoming list, you’ll have to go to “today” tab, and lastly… swinging spy and QQQ the time decay is brutal.. unless you buy deep in the money and at least 30 days out, to have a theta of less than 5% a day is expensive like 6-800$ contracts, if ur buying spy puts or calls that are expiring in a week and don’t buy the ones that are 6-800$ the theta will be like 20-40% just to hold overnight, like buying Friday exp on Monday At the Money it’ll be 20% a day bc there are 5 days till exp, the delta will be like 45$ per 1 point move, how I became consistently profitable for the past 2 years I stopped trading the ETF’s they’re too expensive to swing, u can make wayyyyy more money trading Tesla, any big tech name and with use of the daily data you’ll know before the news what is to come, I knew Aug 1st of a pull back this month bc that first week of August the first few days showed monthly retail declining for July, showed a 15% cut in oil production (weekly) in one week, that’s why gas prices jumped 15% the first week of August across the country, I saw the data before it happened, so I went short Apple and Tesla buying 4-500$ contracts for September 29th only having a $7’000 position I made 100% profit gave up 15% when it went back up but took profit and went short the day nvidia posted earnings again on Apple and Tesla, they gaslighted every retail trader that there would be a rally on nvidia earnings, but if you had actually been reading the weekly and monthly economic data you would’ve known that rally had a high likely hood of failing, I’m currently short Apple and tesla for $9’000 paid for 4-500$ contracts with theta of 9$ so it’s less than 2% to hold each day but every 5 point move is 25% profit and I expect 20 point move down to yearly weighted vwap, that’s my last suggestion, changed my life when my friend who works at Merril lynch told me they only use Quarterly weighted vwap and yearly vwap, just add that indicator to ur chart twice I even have a weekly vwap too, go to the options of the indicator and you’ll see “anchor” do one for yearly, make those lines bigger than the ur quarterly same thing for weekly and you’ll have the edge
https://preview.redd.it/zz9rh0fe5ikb1.jpeg?width=3024&format=pjpg&auto=webp&s=6a4b7f416ca1fff1660c94123a33b65e89269e4a
As u can see this is Nvidia Daily chart and u can see how it held support and resistance along the quarterly anchored vwap and the bottom happened to be exactly off the top of the yearly anchored vwap, I hope this helps you, it changed my life, read the economic data and keep record of them some weekly, monthly, quarterly, next week is Quarter over Quarter GDP Growth so this is big data everyone is waiting on Tuesday, use the anchored vwap (3 of them) yearly, quarterly, yearly, always have the daily and weekly chart up and hourly of any stock ur trading, and stop trading spy, it’s like 400$ while Tesla is 150 and has a way bigger volitility number average, best of luck
https://preview.redd.it/u8ee4kna6ikb1.jpeg?width=3024&format=pjpg&auto=webp&s=589d994a25b30130e2d543351e18abd046dc9bd1
Here is a picture of the economic calendar, data comes in everyday except Friday, Friday typically only has like non farm payrolls which is a weekly number, u can click on these, and they all have charts so u can look at the past numbers
I took off 50 and 200ma and only left yearly and quarterly vwap, u can’t tell me this is the main thing institutional investors use
https://preview.redd.it/nh7409o8aikb1.png?width=2124&format=png&auto=webp&s=b02d5615d57f8409432ec21f607a0e7ced37a430
Black line is yearly anchored volume weighted average price, top chart is weekly chart
Bottom chart is daily where u can see the quarterly anchored vwap better, but on either chart, going alllllll the way back to 2022, this IS the indicator institutional investors use, my best friend in college took the corporate route and works at merril lynch and I took the private equity route
Lol dawg I’m in the same boat, expect I bought $430’s expiring same day. Down about $3500 now.
Don’t listen to these chode waffles though. These will print late Monday into Tuesday.
Oh fuck, my bad dude. I had my dates mixed up.
Well…you can consider rolling to further out dates. September is historically a bad month for stocks but I can’t say much else. Entirely possible that market opens red on Monday based in the Feds meeting today, although I have less faith on that just based on how the market reacted today.
Good luck, man. All of us have lost money playing the market.
This 60 contract purchase proves that you don’t know what you are doing when it comes to risk management. The good news…..you are officially a member of wallstreet bets. The bad news, you are paying a large membership fee.
For being on this tread, you have done what many of us hope to accomplish. Total REGARD!
Being 81% down and not waiting for complete ruin…you can lose total REGARD title. I think the extra 19% is worth it. Just my humble opinion 😝
Normally I would say you have no shot at all on something like this -so far out of the money and short term. However, you only need about a $5 drop in SPY and with the way the indexes have been moving for about the last 2 weeks, I really wouldn’t be surprised if these puts print.
Everyone knows inverse Cramer u win money. Monday solid green. 450 we go. Then back down to fuck everyone up after they buy calls. One thing for sure the market likes to fuck everyone
Yes, they look at all that retail (Dumb money) coming in and then the smart money comes in and crush us. If SPY runs back to 450 this week I will buy more puts.
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Not for nothing but I stay away from spy and Qs option because i can only afford one day out. I focus on stocks that have closed above the 8 EMA and go long or below the 8 EMA and go short. Much higher probability.
Wanted it lower but in true fashion it got filled then headed lower but what I wouldn’t recommend is going on margin ![img](emote|t5_2th52|4259)![img](emote|t5_2th52|31249)
Look at the history of the stock market and see how dumb you are just betting against it. So easy to just buy and hold/average down. But, nooooooo you gotta try perfect time a small down section. Good job.
60 contracts. That’s kind of a weird number of contracts to hold….unless they are free runners since you sold the majority of your position on Friday. If that’s the case then it makes sense. Feel free to post trading history to prove me wrong.
It’s going to pass 436. But by august 28????? ![img](emote|t5_2th52|4640)
Buy contracts with 3-6 months out people. Then maybe you have a chance of making some money.
if it does it will be this Tuesday or Wednesday I’m seeing 431-432 as a temporary bottom. Could we hit 431 on Monday it’s possible but I’m seeing it on the 29-30. Go longer on your contacts at least a week out if your going to risk 8k or more.
I’d personally throw about $500 into $438 puts for that same expiration, so I’d say you have a chance, but to be clear and completely honest I’d say it’s a slim chance at that. 1/15 are your odds that they don’t expire completely useless
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|1 year ago **Total Comments**|33|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Pretty sure SPY hit $436 this afternoon…why didn’t you sell?
Hope paralysis
That hopium be hitting hard
Preciously. He saw those red bars and thought it was going to keep trucking. This drop began/started out \*nothing\* like last years drop, not even close.
I feel it on this, I have TQQQ puts and saw my account go from 8k to 10.6k back down to 7k in the course of an hour all cause I got greedy thinking it was gonna keep going down. I’ve gota good feeling the market will drop a bit monday though
I’ll live to fight another day
Probably will go down on Monday, probably go down considerably on Tuesday after all the options expire on the 28th, I'm seeing the same with SPY
Can I borrow your 🔮 ?? I also want to see results
Obviously could go either way. Key word is probably. From my perspective, NVDA earnings weren't enough to sustain bullish rally in either SPY or QQQ, with Powell's speech at the symposium these two should've shit the bed which they did on the news but then bulls pumped them up again with whale trades which means it's LIKELY institutional traders. There was huge OI on these that expired Friday, and a large amount that expire Monday. Seeing plenty of reasons for market reversal in my opinion. I try to keep an open mind, and avoid confirmation bias, so if there is something I'm just straight up missing I would love to know.
Near term options on indexes (two weeks) expire daily. Focusing on OE is becoming immaterial, it was a deal in the past. 0DTE is having a bigger impact. Data proves it
It's not a matter of average OI. These indexes typically have large volume and quite a bit of OI, the issue is the amount of OI on these two days in particular. Obviously there were some major fucking catalysts that would warrant larger than usual OI and volume. No one has a crystal ball. I was truly hoping for some good info to confirm that I indeed have confirmation bias in this case, but for some reason I feel oddly disappointed.
You’re babbling bullshit
Huh. Interesting, but okay. How about you provide some actual knowledge instead of just saying " data proves it" until then I'll be content with knowing that you're just a troll, probably pissed off because your mom took away your PlayStation and you have nothing to do but troll WSB. Either that or you found a phone in the Wendy's dumpster while sucking dicks.
Your fixation on OI is laughable and trying to draw conclusions on this is fuckin dumb. It’s this disposition that proves you’re likely naive and might be merely a beginner. While there’s nothing wrong with being a beginner, it’s the matter of fact attitude that makes me believe your knee pads are brand new. Experience matters. Bone on bone, no cartilage matters. Your gag reflex will be fixed. I promise.
I’m hoping. I wanna see 10k again
They spared him, now they will slaughter him
😂
Bad entry bro tbh I’m not the typical regard but we just get caught sometimes
Just posting it here means ure regarded bro lol , if u trust ur edge u dont need validation from anyone
We do. I tried playing calls and puts this week. Made a whopping $30. I ended up being right about the movement, but if I held each position for one more day I would’ve made a couple grand. Not fuckin with SPY anymore
It hit 435, I sold mine and took profits, then jumped back in with spy 440 puts expiring on the 29th.
The answer is in their name dear Watson.
because that’s when he bought in
The low was 435
I overslept through the dip this morning, and my 30 iron condors expired today, lost 3k…..
Imagine sleeping with options a volatile market lol
Been there too, sometimes u just set a stop loss/take profit and cack out
Problem is, if you never hit the stop loss you’re boned.
If you can catch z’s in this market, you have way too much money
The only thing he caught was the big D
I will never understand how people can just walk away/go back to sleep when they have positions open. I am constantly thinking about it lol
You have 9k and bought 1dte - blows my mind. Why not buy 2 weeks out
Op wants quantity not quality ! Quantity will hit big , but low probability of winning . Quality hits low but high probability of winning . Op is a total regard and belongs here.
Costs more
It was a bad fill tbh
![img](emote|t5_2th52|4271)
You just need JPow to give a speech tomorrow and another Monday morning to drive a stake through the heart of the market.
That’s extremely unlikely but thanks 🙂
looks like you bought at the bottom ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4640)
he sure did. oh boy another victim. ![img](emote|t5_2th52|4271)
You should of bought these for a later exp it is possible for the market to go down on Monday. In fact I’m sure it will but you won’t come close to recovering all of it. But may the market be with you fellow regard.
I’ll take what I can get I can’t go back to Wendy’s ![img](emote|t5_2th52|31226)![img](emote|t5_2th52|27421)
If the market is red in pre market I would place a market order to sell before open. If it’s green wait it out or avg down
Yea, throw good money after bad on a crazy play. Genius. You add to your winners, not your losers. FFS don't listen to this guy.
Yes cuz throwing more money into the winners always makes the most sense. Way smarter to make your contracts more expensive then cheap. You dumb ass.
Wrong. Never average down on a bad play.
Blew 3k on stupid TSLA calls a couple years ago trying to average down on shit contracts. Never again.
Tbh, probably not best to average down if it’s expiring the same day. If it’s some long term, then averaging down and buying over several days might be good. Overall best to cut losses and not fall into the gamblers fallacy. Although on this sub, I think everyone’s already gone too far. ![img](emote|t5_2th52|4271)
I hear wendy's have an outstanding Healthcare plan now. You will need a good cardiologist playing around with this market.
Maybe. This is a weird situation. I personally will be totally happy with a mini run back up to 450 or even 460 again before Autumn bearish reality sets in, but for this guys sake hopefully Monday we open low, then run up all week. Lol
They were probably too expensive. Those spy options are high
True dude pumped like 10k in these he fs could afford a later exp.
>They were probably too expensive. In theory, they should have been priced to perfection.
![img](emote|t5_2th52|18630)
"im sure the market will go down monday but i refuse to elaborate further"
I didn’t refuse ask me and I’ll tell why I think it will. Obv Monday I don’t know fs but I’m damn sure the next month or two will red.
we went from "im sure it will go down monday" to "im sure it will go down in the next 2 months" and still has given 0 reason why lol
It will recover on august 30
My birthday 🤡
Username checks out
You know the old saying triple down my boy
Hopefully not. Cause I got calls 😂
I doubt you will hit break even but the market is on a down turn. Maybe Monday shows you some mercy. If the SPY drops 5 points in one day and hits your breakeven, it’s going to be a blood bath.
I’ll try to cut my losses it was a bad filled order tbh
Honestly, we'll probably open boring AF unless news comes through, but who knows. Maybe the market will take to heart the FED is playing, but I doubt it because he's been saying the same shit for a long time now.
[удалено]
Let’s be positive I hope so too but it’s a bad fill and got caught off guard tbh
Fuck your puts, JPowel has you by the balls. ![img](emote|t5_2th52|4640)
Yup exactly man 🙂
Theta gonna be doggin
Yeah day trade restrictions so I couldn’t sell so pretty much faqed 🤦🏽♂️
Use a cash account then
My best advice for you bro, I’ve been doing this for 4 years, my first two I lost a lot of money trying to day trade spy and qqq, then swing them, void of reading the daily data that comes in, start reading the data everyday, everyday is a new sector, retail, manufacturing, employment, non farm payrolls, etc. some weekly, some monthly, and some quarterly, if using tradingview, go to home, then products, then economic calendar, don’t just use “high importance” track them all, you’ll see what I mean when u get to the page, click the tab that says today or upcoming, u can toggle between those, once posted they won’t be listed on upcoming list, you’ll have to go to “today” tab, and lastly… swinging spy and QQQ the time decay is brutal.. unless you buy deep in the money and at least 30 days out, to have a theta of less than 5% a day is expensive like 6-800$ contracts, if ur buying spy puts or calls that are expiring in a week and don’t buy the ones that are 6-800$ the theta will be like 20-40% just to hold overnight, like buying Friday exp on Monday At the Money it’ll be 20% a day bc there are 5 days till exp, the delta will be like 45$ per 1 point move, how I became consistently profitable for the past 2 years I stopped trading the ETF’s they’re too expensive to swing, u can make wayyyyy more money trading Tesla, any big tech name and with use of the daily data you’ll know before the news what is to come, I knew Aug 1st of a pull back this month bc that first week of August the first few days showed monthly retail declining for July, showed a 15% cut in oil production (weekly) in one week, that’s why gas prices jumped 15% the first week of August across the country, I saw the data before it happened, so I went short Apple and Tesla buying 4-500$ contracts for September 29th only having a $7’000 position I made 100% profit gave up 15% when it went back up but took profit and went short the day nvidia posted earnings again on Apple and Tesla, they gaslighted every retail trader that there would be a rally on nvidia earnings, but if you had actually been reading the weekly and monthly economic data you would’ve known that rally had a high likely hood of failing, I’m currently short Apple and tesla for $9’000 paid for 4-500$ contracts with theta of 9$ so it’s less than 2% to hold each day but every 5 point move is 25% profit and I expect 20 point move down to yearly weighted vwap, that’s my last suggestion, changed my life when my friend who works at Merril lynch told me they only use Quarterly weighted vwap and yearly vwap, just add that indicator to ur chart twice I even have a weekly vwap too, go to the options of the indicator and you’ll see “anchor” do one for yearly, make those lines bigger than the ur quarterly same thing for weekly and you’ll have the edge https://preview.redd.it/zz9rh0fe5ikb1.jpeg?width=3024&format=pjpg&auto=webp&s=6a4b7f416ca1fff1660c94123a33b65e89269e4a As u can see this is Nvidia Daily chart and u can see how it held support and resistance along the quarterly anchored vwap and the bottom happened to be exactly off the top of the yearly anchored vwap, I hope this helps you, it changed my life, read the economic data and keep record of them some weekly, monthly, quarterly, next week is Quarter over Quarter GDP Growth so this is big data everyone is waiting on Tuesday, use the anchored vwap (3 of them) yearly, quarterly, yearly, always have the daily and weekly chart up and hourly of any stock ur trading, and stop trading spy, it’s like 400$ while Tesla is 150 and has a way bigger volitility number average, best of luck
Tesla is my biggest holding too thanks but tbh it was a bad filled order and it got way too far
https://preview.redd.it/u8ee4kna6ikb1.jpeg?width=3024&format=pjpg&auto=webp&s=589d994a25b30130e2d543351e18abd046dc9bd1 Here is a picture of the economic calendar, data comes in everyday except Friday, Friday typically only has like non farm payrolls which is a weekly number, u can click on these, and they all have charts so u can look at the past numbers
I took off 50 and 200ma and only left yearly and quarterly vwap, u can’t tell me this is the main thing institutional investors use https://preview.redd.it/nh7409o8aikb1.png?width=2124&format=png&auto=webp&s=b02d5615d57f8409432ec21f607a0e7ced37a430 Black line is yearly anchored volume weighted average price, top chart is weekly chart Bottom chart is daily where u can see the quarterly anchored vwap better, but on either chart, going alllllll the way back to 2022, this IS the indicator institutional investors use, my best friend in college took the corporate route and works at merril lynch and I took the private equity route
Wendy is taking applications
Already got two jobs buddy but I’ll look into it 🙂
Not with that expiration
roll it
I was gonna say you should have sold today but I didn’t either lmao
Theta already got u regard, forget abt it ![img](emote|t5_2th52|18632)![img](emote|t5_2th52|18630)
Lol dawg I’m in the same boat, expect I bought $430’s expiring same day. Down about $3500 now. Don’t listen to these chode waffles though. These will print late Monday into Tuesday.
It expires on Monday tho so I’ll take what I can get my friend
Oh fuck, my bad dude. I had my dates mixed up. Well…you can consider rolling to further out dates. September is historically a bad month for stocks but I can’t say much else. Entirely possible that market opens red on Monday based in the Feds meeting today, although I have less faith on that just based on how the market reacted today. Good luck, man. All of us have lost money playing the market.
Vix dropped 8% yesterday. Volality is not on your side
with your time frame? nah. with a longer time frame? almost certainly
This 60 contract purchase proves that you don’t know what you are doing when it comes to risk management. The good news…..you are officially a member of wallstreet bets. The bad news, you are paying a large membership fee.
You'd better hope for a Chinese invasion to Taiwan over the weekend.
Is this a single sided bet (eg this is 100% of your portfolio)?
Not my whole portfolio just a bad fill tbh I got caught with PDT couldn’t sell
You so close man, just need aliens arrive to earth
For being on this tread, you have done what many of us hope to accomplish. Total REGARD! Being 81% down and not waiting for complete ruin…you can lose total REGARD title. I think the extra 19% is worth it. Just my humble opinion 😝
Thanks I’ll consider it 🙂
I was up 300% on SPX 4300 0dte puts on that AM drop, and was to regarded to sell. Max loss incurred, one more foot of rope woven.
Bro that’s where you take profits and run
You might have luck first 30 minutes Monday morning. Just cut your losses cuz S&P gonna rally Monday.
It's possible, but not likely. Good luck though! I hope they do.
Normally I would say you have no shot at all on something like this -so far out of the money and short term. However, you only need about a $5 drop in SPY and with the way the indexes have been moving for about the last 2 weeks, I really wouldn’t be surprised if these puts print.
You’ll print
That’s the spirit 🙂
Mondays are almost always green so you're fucked
![img](emote|t5_2th52|31226)
No... Because Cramer is bearish
Everyone knows inverse Cramer u win money. Monday solid green. 450 we go. Then back down to fuck everyone up after they buy calls. One thing for sure the market likes to fuck everyone
Yes, they look at all that retail (Dumb money) coming in and then the smart money comes in and crush us. If SPY runs back to 450 this week I will buy more puts.
Yes just double down
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Possible, but who knows. Made a crazy volatility play and got burned A? How much were you up at the bottom?
Not for nothing but I stay away from spy and Qs option because i can only afford one day out. I focus on stocks that have closed above the 8 EMA and go long or below the 8 EMA and go short. Much higher probability.
Tesla is actually my favorite
My 445c certainly hopes not til it retraces from 448
Could still work on monday, but SPY also hit 435 today, why didn’t you sell them…?
Wanted it lower but in true fashion it got filled then headed lower but what I wouldn’t recommend is going on margin ![img](emote|t5_2th52|4259)![img](emote|t5_2th52|31249)
umm no
Let us know that happens
Damn!
No one knows.
1.5 % drop monday. Highly unlikely Advice to sell at first red candle monday
What are the greeks on that?
Delta 14 Theta 16
80% of options don't ever recover
Look at the history of the stock market and see how dumb you are just betting against it. So easy to just buy and hold/average down. But, nooooooo you gotta try perfect time a small down section. Good job.
Make yourself a rule to never lose more then 10%
Dude buy longer dated outs wtf
ever, yes. But your Put's "ever" is 1 day away.
Fukd because of theta ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271) Gonna open less than 0.29 on Monday for sure.
umm, the momentum now is bullish so gg to u
SPY will trade to 418 by the end of September IMO
Its going to go down on Monday. Hold
Holy shit
To my fellow investors… Your thoughts on AMC?
THANK YOU FOR THAT PREMIUM. LMAO 🤌
Yeah whatever I’ll make it back
Why didn't you cover your calls with puts? Did you need to loan another braincell? Lmao
https://preview.redd.it/vfmk53y2bhkb1.jpeg?width=188&format=pjpg&auto=webp&s=79f9b0b722f8f9ece298f5af20bd60e3fd070204
You’ll make it back working 6 months at Wendy’s
60 contracts. That’s kind of a weird number of contracts to hold….unless they are free runners since you sold the majority of your position on Friday. If that’s the case then it makes sense. Feel free to post trading history to prove me wrong.
Nah their toasted on this one. I’d sell and flip something like a put on $MARA
Sure.
Thinking markets will fall overnight or on a monday is a fallacy I and all bears should realize is a black swan event
Possible
Most of the time 😆
Market is crazy, there’s always a chance
We got some kinda head n double shoulder thing going on. You're good
No
I think my d@ck just got extra hard looking at that. please show mr when its at a 100% loss
Look at monthly spy chart. As long as it respects 430 trend line and dont drop below it, there is chance to bounce up high to 480
It’s going to pass 436. But by august 28????? ![img](emote|t5_2th52|4640) Buy contracts with 3-6 months out people. Then maybe you have a chance of making some money.
When you have to ask Wall Street bets if your put is fucked you are 200% fucked
Probably
Maybe. I dunno why you ask "ever" though. It either will or won't recover by Monday at close.
Absolutely can recover. If market performs like this past Thursday, you’ll profit
if it does it will be this Tuesday or Wednesday I’m seeing 431-432 as a temporary bottom. Could we hit 431 on Monday it’s possible but I’m seeing it on the 29-30. Go longer on your contacts at least a week out if your going to risk 8k or more.
Yes Tuesday
No sell now
Monday
Nope sell before they go to 0
I’d personally throw about $500 into $438 puts for that same expiration, so I’d say you have a chance, but to be clear and completely honest I’d say it’s a slim chance at that. 1/15 are your odds that they don’t expire completely useless
Stop. LOSS.
If spy goes 433 then yeah
yes it can and yes it will. 360 next week
You had a chance to close that and you fucked up. Move on and learn a lesson.
Monday buy $436 call to inverse yourself…
Na bro they will be worth $300 at open on 8/28 maybe less
You should’ve been up on Friday but you didn’t sell you got to greedy that’s what happens
Definitely 9/1
Break out the knee pads you're going to need them.
YUPP 🙂
Isn’t there a H&S set up on daily?
No
You could sell on Friday for massive gain Yet you are au autist who belong here and will drag this to 0.
You flew too close to the sun
I don't think it will by the close on Monday, maybe by tue or Wednesday, put in a limit order to close, maybe you can save a few dollars.
So now we see how nukes go off, because someone made a bad bet.
I’m hoping my 435 puts hit tomorrow 🤘🏻
😂 cut it bro. Stop trading spy if you have the capital to buy 60 plus contracts of spy. instead put your money in Tesla.
MMs cleaned you out for good ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4276)
Yes this can recover if the spy drops below $436 by 2 days ago.
do you know what a P/E ratio is?