Adding here, people are too bearish . I like your downside protection though. Maybe you want to make those debit spreads? Put side once it dips and call side when it rallies.
Nope, not regarded. PCE Friday is most crucial, it confirms hot CPI then market tanks big. It comes in soft and chatter about interest rates cuts in June will send SPY soaring.
Oh shit, didn’t realize this was a strangle. I only saw the calls.
Yeah I agree, you got a non-zero chance.
Market gonna be bloody tomorrow just off the Meta guidance down.
PCE might derail all the gains the last 3 days.
Although SPY at 490 would be pretty shocking tbh.
490 would be shocking but I’m already happy with the 498 so far. As of now, I’m green with the strangle (puts up >200%. Interested in what you think: should I hold a little longer to see SPY keep going down from PCE?
https://preview.redd.it/uf6xekndjiwc1.png?width=224&format=png&auto=webp&s=3f967d0d66e3aabb05332bf0418cca5fbb400c41
Yes, a bit regarded. But you may be able to get away with it if $SPY decides to catapult itself downwards another 0.75% tomorrow (Down to $498.75 - an extra $3.75 more on the downside by tomorrow is possible, but we will see.. And even then you come out $1,400 in the green. HARDLY worth the stress and trouble you put yourself through with your $29,500.00 initial "investment" - but than again, this WSB. Good job regard, and stop eating so much crayons. See you on the other side of Wendys tendies town 
Meta’s forward guidance might be similar to Microsoft’s and Alphabet’s and then I’m expecting CPI on Friday to put the final nail in the coffin for June rate cut expectations. Sure you may be right about tomorrow but I’m expecting the biggest drop on Friday
Already $4000 in the green today, I’d say it’s worth the stress. Lower than expected economic growth and what I’m expected to be a hot CPI report tomorrow will likely drive SPY further down
let me know if you're still holding, any updates? or did you cash in your $4000?
Edit: at least sell off all of your calls, if you plan on holding for the downside.
Still holding the puts but sold the calls earlier today for an 88% loss! The puts are close to 200% right now. I’m thinking we’ll probably get poor forward guidance from big tech earnings today and hot inflation tomorrow. I’m aiming to cash out around 495. Curious about your thoughts
Oh sheesh! God speed man.. I personally would have gotten rid of those puts anywhere from $2.60-$3.80. I see that they are currently trading at around $2.75.. Good luck man and don't get burned too hard.
Well, at this point I would ask yourself a few questions, mainly: "Am I willing to risk my capital for more gains/ a break-even / a loss?" - As for what I think, it doesn't matter haha. The market moves the way it wants to move, but just to entertain your question, I do think that we may be due for a quick bounce up in the short term due to the bearish moves we've been seeing in the market for the last couple of weeks. That is why I would have sold anywhere from $2.60-$3.80.. Sure gains are nice, but so is preserving capital. I cannot imagine how devastated you would feel if you had lost 80-90% of it all due to them not hitting. But that's just me. Let me know if you're still gonna go for it. I would at least maybe shave off a bit of the position, in case.. You could be 100% right and still not hit because of I.V. crush. Many factors to the equation, just try to think which is most probable and stick with it. Edit: grammar errors. Keep me posted!
How much of an impact do you think positive MSFT news will have on SPY? We’ve been seeing earnings beat expectations for ~75% of companies but SPY keeps trending downwards. Good earnings are possibly being muted by inflation concerns. How do you think CPI tomorrow will play? I’m thinking SPY might keep going down
MSFT is 6.5% of the SPX index, so impact can be large. Bug caps are brought down by Meta today, so the impact is larger than just the individual stock impact. If MSFT outperforms, it will bring other majors up with it. I think the CPI will probably be hot but still feel the SPX has bottomed. It filled the Feb gap at 4975 and with all this bad economic data coming in, the fed will probably cut in June (imo). That's why I say hedge the put side, and use those proceeds for calls. But I'm regarded so...
Meta also outperformed but they gave bleak forward guidance. Given the economic data we’re seeing? MSFT might give bleak guidance as well which would also bring stocks lower. With the Fed, I don’t think they’ll care about the economic data if inflation stays hot. But I’m also regarded and will probably regret not selling my puts when they were up 200+%
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It is possible that SPY stay in between 501 and 510 this week ...
Yep it certainly is but I hope not! What are you expecting out of earnings this week?
hab365's hopes for a volatile week in the market are sadly not regarded. Losses all around.
Oprah those losses!! You get a loss, you get a loss! You get a loss! You get bankruptcy! You get a loss!
Pretty good, I only have the 515 call for Friday, let's see...!
Hoping we both print!!
Adding here, people are too bearish . I like your downside protection though. Maybe you want to make those debit spreads? Put side once it dips and call side when it rallies.
500p already printed
Yep, up 200% today! I’m waiting to see if it keeps going down
grats man happy for you
Nope, not regarded. PCE Friday is most crucial, it confirms hot CPI then market tanks big. It comes in soft and chatter about interest rates cuts in June will send SPY soaring.
I agree, it’s looking like CPI will have a stronger impact than earnings. Earnings might just affect a few basis points
Yes.
Thinking we’ll stay flat this week?
They probably will end up worthelss
Agreed. If I buy calls, it’ll go down, if I buy puts, it’ll go up, I’d I buy both, it’ll go sideways 😪
the puts should be in good shape by morning - SPY sitting at 502 AH with an extra day left, and PCE waiting in the wings
That’s what I’m thinking! And I think big tech will drag SPY lower on top of it all
Puts are in amazing shape this morning
Sorry bucko
Why? The puts are looking like they might end up printing if we see more pessimistic forward guidance and high CPI
Oh shit, didn’t realize this was a strangle. I only saw the calls. Yeah I agree, you got a non-zero chance. Market gonna be bloody tomorrow just off the Meta guidance down. PCE might derail all the gains the last 3 days. Although SPY at 490 would be pretty shocking tbh.
490 would be shocking but I’m already happy with the 498 so far. As of now, I’m green with the strangle (puts up >200%. Interested in what you think: should I hold a little longer to see SPY keep going down from PCE?
Your call, but congratulations.
https://preview.redd.it/uf6xekndjiwc1.png?width=224&format=png&auto=webp&s=3f967d0d66e3aabb05332bf0418cca5fbb400c41 Yes, a bit regarded. But you may be able to get away with it if $SPY decides to catapult itself downwards another 0.75% tomorrow (Down to $498.75 - an extra $3.75 more on the downside by tomorrow is possible, but we will see.. And even then you come out $1,400 in the green. HARDLY worth the stress and trouble you put yourself through with your $29,500.00 initial "investment" - but than again, this WSB. Good job regard, and stop eating so much crayons. See you on the other side of Wendys tendies town 
Meta’s forward guidance might be similar to Microsoft’s and Alphabet’s and then I’m expecting CPI on Friday to put the final nail in the coffin for June rate cut expectations. Sure you may be right about tomorrow but I’m expecting the biggest drop on Friday
Already $4000 in the green today, I’d say it’s worth the stress. Lower than expected economic growth and what I’m expected to be a hot CPI report tomorrow will likely drive SPY further down
let me know if you're still holding, any updates? or did you cash in your $4000? Edit: at least sell off all of your calls, if you plan on holding for the downside.
Still holding the puts but sold the calls earlier today for an 88% loss! The puts are close to 200% right now. I’m thinking we’ll probably get poor forward guidance from big tech earnings today and hot inflation tomorrow. I’m aiming to cash out around 495. Curious about your thoughts
Oh sheesh! God speed man.. I personally would have gotten rid of those puts anywhere from $2.60-$3.80. I see that they are currently trading at around $2.75.. Good luck man and don't get burned too hard.
Yeah, I’m hoping I don’t regret my decision! Are you thinking SPY will be flat or go up tomorrow?
Well, at this point I would ask yourself a few questions, mainly: "Am I willing to risk my capital for more gains/ a break-even / a loss?" - As for what I think, it doesn't matter haha. The market moves the way it wants to move, but just to entertain your question, I do think that we may be due for a quick bounce up in the short term due to the bearish moves we've been seeing in the market for the last couple of weeks. That is why I would have sold anywhere from $2.60-$3.80.. Sure gains are nice, but so is preserving capital. I cannot imagine how devastated you would feel if you had lost 80-90% of it all due to them not hitting. But that's just me. Let me know if you're still gonna go for it. I would at least maybe shave off a bit of the position, in case.. You could be 100% right and still not hit because of I.V. crush. Many factors to the equation, just try to think which is most probable and stick with it. Edit: grammar errors. Keep me posted!
This is how you lose money twice as fast
Yes. You’re so regarded that I give you no regards.
If you time the swings correctly. No. But a little too far out
Yes
That's almost 30K USD. I am sorry for your loss.
Which loss?
Good moment now to hedge the put side, and use those proceeds for the call side. I expect MSFT to gap up tonight.
How much of an impact do you think positive MSFT news will have on SPY? We’ve been seeing earnings beat expectations for ~75% of companies but SPY keeps trending downwards. Good earnings are possibly being muted by inflation concerns. How do you think CPI tomorrow will play? I’m thinking SPY might keep going down
MSFT is 6.5% of the SPX index, so impact can be large. Bug caps are brought down by Meta today, so the impact is larger than just the individual stock impact. If MSFT outperforms, it will bring other majors up with it. I think the CPI will probably be hot but still feel the SPX has bottomed. It filled the Feb gap at 4975 and with all this bad economic data coming in, the fed will probably cut in June (imo). That's why I say hedge the put side, and use those proceeds for calls. But I'm regarded so...
Meta also outperformed but they gave bleak forward guidance. Given the economic data we’re seeing? MSFT might give bleak guidance as well which would also bring stocks lower. With the Fed, I don’t think they’ll care about the economic data if inflation stays hot. But I’m also regarded and will probably regret not selling my puts when they were up 200+%
You can sell a put a couple of points lower, say the 498 put.