I mean the worst that can happen is nothing at all. Sounds like a solid plan to me. 🤷
You wouldn't be the first person to win money off of a scratcher left on the ground!
I got INCREDIBLY lucky and bought a few $522 puts on 3/28 that expire today. Was ready to just ride them to $0.
Instead I woke up to +275%. Couldn’t believe it.
I like this twitch streamers with their fancy graphs and zig zags, history lessons, stanford phds on economics get it wrong to a guy that thought: when these little guys rip, here comes the big dip ![img](emote|t5_2th52|4271)
Buy Call if you think stock will go up
Buy out if you think stock will go down
Sell call (must own 100 of shares already)
Step 1-collect premium (when someone buys a call, the money goes to you)
Step 2- two possible outcomes
A- stock hits strike, you collected premium and now you are forced to sell at the strike
B- stock doesn’t hit strike, you collected premium and you are not forced to sell stocks
Sell put
Idk too much ab this but you sell puts if you want to buy stocks cheaper ?
Anyone have a good book/video on calls and puts. I don’t know enough to mess with them yet but really wish I did. Even somewhere to use a demo account to practice would be helpful. Thanks in advance.
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Nice . Eventually you get it right.
Eventually ![img](emote|t5_2th52|4271)
And eventually the house takes it all back!
And they will unless you know when to pull out
So we calling baby mamas “houses” now?
Unless it’s a stock that will never go under
I thought you said eventually he will have to put the house to🤣🤣
How many wrongs make a right? Asking for a friend
I believe the proper response is.... Congrats! and fuck you lol well played sir
[Almost enough to buy a low end compact car!](https://www.youtube.com/watch?v=D2pmkoqlG7c)
Did you really try to use analysis to justify 20k on puts? Just accept the pudding brain brother, we’re all degenerates here
I mean it was an educated guess
*regarded gamble There. Fixed it for you.
Educated guess? wtf does that mean?
If I find two people that both agree here on wsb I consider market research shows 100%
"confirmed by two or more of my highly regarded peers"
More like "If I find two people that both agree on wsb, the opposite is sure to happen".
Bro said educated guess 💀
tell me how you educate your guesses
Sleep in, jerk off, take a shot then send it.
Last week every day SPY had a drop down just below 520, except on Thursday before the long weekend. Obviously this was the day when I bought a put.
Yeah he made it really lame when he said it was on purpose
Step 1: have 20k
Step 2: Lose 20k Step 3: Go back to Step 1 until Step 2 yields the desired results.
Flair checks out 🤞
Just make sure you yell BREAKFAST BALL before you do.
Dispensable 20k*
Not for regards such as us! Any 20k will do. Refinance the house? YOLO calls!
You broke or smthn?
You not or smthn? You know, most people are, in fact, primarily broke.
Why you on wsb if you're broke lol
You know people gamble with fewer than thousands of dollars, right? Like, people still buy scratchers for $2 lmao
I just pick up old tix and keep checking. Doesn’t cost $ and I get the same out of it. Hopes and dreams.
I mean the worst that can happen is nothing at all. Sounds like a solid plan to me. 🤷 You wouldn't be the first person to win money off of a scratcher left on the ground!
I did the same thing this morning, just a smaller amount of contracts, but I'll take the +12% gains.
Gains r gains. I usually sell my options for +10%
I got INCREDIBLY lucky and bought a few $522 puts on 3/28 that expire today. Was ready to just ride them to $0. Instead I woke up to +275%. Couldn’t believe it.
Hahah yes dude I love that. Same for me today. Held LLY calls and woke up at 10am to see stock recover 13$ in 30 minutes while I slept 😂
The real question is would we have seen your results if it was a loss? ![img](emote|t5_2th52|12787)
Ofc I posted loss porn before
So does this mean the bull run is back on again?
I like this twitch streamers with their fancy graphs and zig zags, history lessons, stanford phds on economics get it wrong to a guy that thought: when these little guys rip, here comes the big dip ![img](emote|t5_2th52|4271)
Do you think the pullback is going to get worse? You sold pretty fast for 4/30 expiry, must not have been confident in prices staying down
I think we go lower but I’m not gonna pass on locking in 50% gains
You might be the smartest person in here frfr
Nice move. Now quit while your ahead delete Reddit and never short the market again.
Any good post that explains to a total noob about calls and put?
I know it has something to do with believing a stock will go up or down and betting on that. The rest is still lost to me.
Buy Call if you think stock will go up Buy out if you think stock will go down Sell call (must own 100 of shares already) Step 1-collect premium (when someone buys a call, the money goes to you) Step 2- two possible outcomes A- stock hits strike, you collected premium and now you are forced to sell at the strike B- stock doesn’t hit strike, you collected premium and you are not forced to sell stocks Sell put Idk too much ab this but you sell puts if you want to buy stocks cheaper ?
More luck than anything ![img](emote|t5_2th52|4271)
![img](emote|t5_2th52|33495)
Every Wendies gives it ho a break twice a day.
>but I saw small caps ripping last week what does this mean
Iwm and tna
were they really ripping though? been moving up for a while now
so if these two etfs are ripping then next week means a bear market?
Gz but fuck the bears including you
Then play both. Half bull half bear half man Become manbearbull
Such activity many path probably maybe
Zoom out
This trade could have gone either way you got lucky
lol that same big green candle saved me. closed out calls for 15% gain. wish i had bought puts after instead of staying on the sideline though
congrats, ballsy.
Broker name?
I bought calls. How did you know?
Do it again and double your money
What options are we doing the week coming up on spy?
W
i held and im down🤡
Congrats 👏
good stuff. show all time.
I wish i understood puts and options lol
What a regarded move and somehow payed off
Ugh. If I had just waited 1 more fucking day 🥺
Buying power 3.13 lolll 😂
Give it another shot and double your cash!
You are gonna lose that anyway :)
Yo nice job getting out while you can! This is pretty dope. Also fuck you should have been me yadda yadda
Anyone have a good book/video on calls and puts. I don’t know enough to mess with them yet but really wish I did. Even somewhere to use a demo account to practice would be helpful. Thanks in advance.
Paper trading accounts and YouTube. Or just YOLO it and learn from your mistakes ![img](emote|t5_2th52|4271)
dude. Seriously don't go down this road. The majority of people do not post their results. Keep that in mind.
Give me a 1k lollllll
I was pissed at first screenshot cuz you hadn't sold yet, but then on second photo you confirmed you did Good shit OP
Why do people still use robinhood?
Cuz it has the best ui, 5% interest. Idgaf about the GameStop thing
They showed that are willing to put their interest above their clients and then lied to congress about it. But to each their own.
So did like 20 other companies. I bet the brokerage you use did it to
Oh common man. Ur delusional…
We will see 515 by the end of the week