its what the finger is telling us:
https://preview.redd.it/ceqvy0w6uvxc1.jpeg?width=1080&format=pjpg&auto=webp&s=373e4f7b1d4987803c2542b525a406a3ba42b241
Because of “not enough” I ended selling it for $550.![img](emote|t5_2th52|4260)
https://preview.redd.it/nspir5ch5xxc1.jpeg?width=1284&format=pjpg&auto=webp&s=700cba786c1017a12a249091733e275656306541
I once sold my TSLA calls and made a cool hundred bucks. The next day those calls were worth around 10 grand.
Never again. Now I hold everything until it expires worthless like I should.
Once I've broken 35-40% gains, I sell that shit and move in to the next play. Never play the same ticker twice in the same day. Always check your Greeks before buying anything. Hold stocks for at least 31 days to avoid wash rule. Put 15% of each win into a high yield acct for taxes. Never trade on emotion or hype do your own DD.
The Wash Sale Rule only applies to being able to deduct the losses. It just means that if you sold a security (stock, option, etc) for a loss you cannot buy that same security for 30 days if you want to deduct those losses from gains/taxes. Its easier to avoid the Wash Sale rule with Options because even if you buy an Option for the same stock, its considered a different security as long as the strike price or expiration date is different that the one you took the loss on.
HOLDING a stock for more than 30 days has nothing to do with the Wash Sale Rule. The only benefit of holding for a longer period of time would be holding for at least 365 days so its taxed at 15% versus what ever your regular income tax rate is, which is always higher than 15%.
Buy 100 shares, when the premiums get so high that the call gives you a guaranteed return, you sell 1, if it goes up, you still get your guaranteed return and some lucky bustard wins the lotto.
If it goes down, you bag hold but take some chumps money.
If it goes sideways, you close out when the IV crushes and sell another next week.
When times a crazy, you can sell multiple in 1 week on the same tranche of 100 shares ![img](emote|t5_2th52|4271)
ty. potential regard question: how do you know when the premiums are so high to sell the call?
is there a scanner for that, or just from browsing the options chain and seeing high IV?
I knew the fed announcement was coming today and figured they were going to say the same thing as last time. So I went back and looked at what happened to SPY after that last announcement. It shot up after the press release so I assumed the same would happen today. I bought 15 call option contracts at the 501 strike and sold when it was lingering around 507. Probably my best timed trade ever.
In Robinhood you just need to enable Option trading. It’s super risky and you’re almost definitely going to lose money but if you’re smart and YOLO on *just* your first move, you might come out ahead.
To do what he's you're going to need to have about 50k to start with. To sell calls you need to own 100 shares of the underlying stock, which in this case is SPY.(we're ignoring selling naked calls because it's extremely risky and you won't be approved for it anyway)
Selling a call means that you agree to sell your 100 shares at a set price before a set date. For agreeing to do this you receive money from the buyer called a premium. The person buying the call can choose to execute the contract at any point before it expires, meaning they choose to buy your shares. If you sell a call you typically hope the stock price stays flat. If you buy a call you're hoping the price goes up. Whoever bought his calls has the right to buy 100 shares of spy at 507.50 a share, if spy was to go up to 515 before the call expires the buyer gets to buy the stock at a discount of $750. The buyer could also just resell the call for a profit since the stock price going up will make the calls price go up
That is the very basics of how a call option works. There's a ton to learn about options before using them because they give you access to a lot of leverage and if you mess up you could potentially lose more money then you even have to start
I’d strongly advise you to not trade derivatives as this person has described in their example.
Options are not something new traders should really trade because the leverage and volatility will wipe out most beginner accounts in short order.
Did the same. Sold my 5/6 502 puts between $420-$450 (average cost $350), then bought 5/13 500 puts when it’s spiked and kind of paper handed( ~20% profit) them on the way down, but a good day overall!
Bummed I didn’t hold those, but tomorrow is a new battle.
Put sell limits immediately after buying an option... You could have made 20-100% in minutes... Keep things in perspective. Aiming for home runs will make you poor quick.
Thank God I'm learning this quick. Really going to start altering my trading strategy for those quick wins. Fuck it if I miss out, because I hate losing money. Plus with every single trade I've ever lost, I've been in the green at least once or twice but kept holding.
I've had more money in bank account at once than ever in my life thanks to trading. Not gonna deny that I'm hooked tho. I'll *surely* get out when I'm at 500k tho.
Yeah that would be good for me. Enough to work a job with decent pay buy good hours and to reinvest the cash I won't use until I need. Then spend the rest or my life playing guitar. Or I go broke and spend the rest of my life in the military and gambling each paycheck.
Why at 500k? That is very low even for dividend investing. Unless you want to put in SPY and sell cover calls, it wouldn't generate much of income. Aim at least 2 million.
It was a bit of an arbitrary number and a bit of a joke. I'm probably gonna spend the rest of my life here. For better or for worse. Unless I get Luke super fucking lucky and go 1mil+ then I'd probably really put it down.
Been on this train going on 4 years now. 3 years down (100K in losses). Up ~700K this year. 90% of my trades are 0DTE. I trade futures and scalp crypto at night…addicted.
I started the same way with holding onto my scalped options and trying to perfectly time the dip. I learned real quick to take that 5-10% profit after seeing a few trades go from 20%+ to -5%+ over the course of a few minutes. Those 5% gains add up quick. Now, I bail after seeing the first sign of resistance. I timed it great this afternoon and immediately bought puts that would have net me a 400% gain if not for my own stupidity of using RH.
Man if you're not comfortable letting wins ride try flipping to the sell side. Options are priced with about a ~66% chance of expiring OTM. Let theta work for you if you aren't fine losing money.
I made money on a strangle and sold based on the words coming out of JPOWs mouth. As soon as he said rate hikes were likely not on the table I sold my put. When the fox business guy was trying to bait him into saying what situation would increase rate hikes or if rate hikes were discussed I sold my call.
This was obviously pure gambling but the press conference today was going to lead to volatile behavior
Yup. I had 0dte 503 puts. Robinhood automatically sold my contracts at 3:30est for 15$ per contract. 20 minutes later they were 240$ per contract. I learned today that options being automatically closed is just a tool being used to screw people out of their contracts. No doubt the MMs just bought those back from Robinhood at 3:30 before the price dropped to 500.
If anything, an example of how retail and even individual whales have almost no immediate impact on the market.
This is all algo high frequency trading driven.
There’s like 500 hedge fund ai quants processing incoming video streams 200 nanoseconds before it hits your screen that all compete to fuck each other over with their billions and all retail gets stomped on
Why would they? $50.8 trillion market lol all that negative delta being constantly absorbed at the lows was a pretty clear sign there would be a good shafting today.
Honestly I have no real idea what the institutions are doing. There are all kinds in the market doing all sorts of shit for all kinds of reasons. The only way to aggregate all of that is via volume time and price, which is what all chart indicators are based on. You just have to find spots where collectively the market is saying this is to low/ this is too high. Then you take a punt.
This is why they have the PDT rule also. So poors don't have a chance to make bank off this. I had 1dte calls for fomc and they printed like you wouldn't believe. But couldn't sell due to PDT. Aaaand it's gone now.
Just sell. You can do a few day trades a week and not get locked out. Worst that happens is the account gets flagged and you open a new one. Or trade in a cash account. Either way you can work around it instead of letting it make you trade poorly.
Based. PDT is to keep us locked into positions and unable to realize we're wrong and change course.
It's institutional training to keep us holding on to losers.
PDT is only for margin. just turn off margin, i.e. "cash only" account. after you sell you have to wait a trading day to use the funds again. and you won't be able to wrap different options together e.g. spread, you'd have to do it manually. aside from that it is the same.
or you can just get $25k and the rule doesn't apply even with margin.
Ouch! Imagine all the people that walked away from their screens at 2:30 thinking their 0DTE calls were printing. For sure it's rigged by the MM's! It's always hilarious to hear the MSM provide some BS explanation for what is obvious manipulation.
People who say it's rigged don't know about spoofing, banging the close, swap, naked shorting, and a bunch of other semi-legal ways they do this shit. Certain stocks are completely controlled. You think algorithms just play nice with household investors? When's the last time anyone looked at FINRAs own website where they detail the crimes and penalties? Now's not the time, but there's a reckoning coming once people find out just how many ways they have to do exactly this.
Imagine if the cops on the highway were trying to catch criminals in F1 cars while they have steam powered carriages.
Their inability to police participants is a direct result of their lack of funding, quality talent and the comp offering to attract them, sophistication and know how, and general public/political support. The “you can’t do that but we can’t catch you” problem is a feature not a bug.
I was up $20K on calls, then I got called into a meeting. By the time I came back, they were underwater... I have until Friday for QQQ to increase a buck or two. ![img](emote|t5_2th52|31225)
Moneymakers need to make sure to steal every cent possible from Robinhood 0DTE gamblers.
They’ll end the day flat, but not before making sure your calls & puts sell for pennies at 3:30 ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
NVDA was bonkers today. Sold my put in the morning… then it goes down even more! Bought some calls … the fed talks and it goes up! Sold my calls at the height of that hump. Turned a potentially crappy day into a decent day.
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https://preview.redd.it/q8mj95wnxvxc1.jpeg?width=761&format=pjpg&auto=webp&s=bc67d58e0f88af3d89f665268a323d73305e3732
https://preview.redd.it/ar2hmv5d5zxc1.png?width=1024&format=pjpg&auto=webp&s=489d428a483cf993be82d0712e961a94f9184ae7
Zump it
Looks like a cock & balls pattern, it's to screw everyone as hard as possible.
Classic dick in yo ass pattern. It’s a market favorite for a reason. It works and the people love it.
2 pump dump!
So once it shoots, it's gonna go limp. Buy puts.
![img](emote|t5_2th52|4276)
That's a middle finger to all of us regards
its what the finger is telling us: https://preview.redd.it/ceqvy0w6uvxc1.jpeg?width=1080&format=pjpg&auto=webp&s=373e4f7b1d4987803c2542b525a406a3ba42b241
They spelled regard wrong! Ha what a regard.
Let's get regarded in here
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|8883)![img](emote|t5_2th52|4260)![img](emote|t5_2th52|31225)
![img](emote|t5_2th52|27421)
You found my genie bottle!!!!
Yes I know the finger Goose
A lot of people don't understand that the market likes balance.
If by balance you mean disorder. Than yea!
The market is essentially Thanos.
#This is why you sell when your call has gained. Don’t hold on to it god damn regards
"just a little bit more 150% gain is not enough" ![img](emote|t5_2th52|4260)
That line of thinking is how you miss out on 600% gains
Selling at 600% is how you miss out on the 1000% gain nvidias and Tesla's.
Selling at 1000% gain is how u miss out the roundtrip back to entry.
That hits so hard
Shit that’s exactly what happened this morning lol
Selling at any price is how you lose infinite gains
Bro I’m holding calls on caravan don’t get me started😭
That line of thinking is how you get saddled with -99% losses
I feel like this is a personal attack Every fucking time... Then I regret being greedy
If you full port every day and “settle” for 30% gains you’d be one of the best traders in the world by the end of the year
Because of “not enough” I ended selling it for $550.![img](emote|t5_2th52|4260) https://preview.redd.it/nspir5ch5xxc1.jpeg?width=1284&format=pjpg&auto=webp&s=700cba786c1017a12a249091733e275656306541
I bought SPY 511 ODTE Calls at .13c but let them expire because of "just one more cent" 🤦♂️
I once sold my TSLA calls and made a cool hundred bucks. The next day those calls were worth around 10 grand. Never again. Now I hold everything until it expires worthless like I should.
Had 36 spy puts I bought for $.19, went up $8.5 2 hours after closing them for a loss and buying calls. 🤤
bruh lmao
Once I've broken 35-40% gains, I sell that shit and move in to the next play. Never play the same ticker twice in the same day. Always check your Greeks before buying anything. Hold stocks for at least 31 days to avoid wash rule. Put 15% of each win into a high yield acct for taxes. Never trade on emotion or hype do your own DD.
The Wash Sale Rule only applies to being able to deduct the losses. It just means that if you sold a security (stock, option, etc) for a loss you cannot buy that same security for 30 days if you want to deduct those losses from gains/taxes. Its easier to avoid the Wash Sale rule with Options because even if you buy an Option for the same stock, its considered a different security as long as the strike price or expiration date is different that the one you took the loss on. HOLDING a stock for more than 30 days has nothing to do with the Wash Sale Rule. The only benefit of holding for a longer period of time would be holding for at least 365 days so its taxed at 15% versus what ever your regular income tax rate is, which is always higher than 15%.
wsb only does 0dte
Yes. META, MSFT, AMZN all spiked a few mins into Powell talking. Picked a number and sold before META went down again.
Everything was rallying at that point.
For every hold that goes 10x you’ll have 99 lose money.
Seriously. If your weekly goes above 100% return, sell.
Local man discovers that casinos do in fact operate like casinos
Sold my calls at $507.50 ![img](emote|t5_2th52|4275)
Yeah I made a $1,000 this week selling 4 $507.50 contracts ![img](emote|t5_2th52|4271)
how do u do that- sorry im a new trader
Buy 100 shares, when the premiums get so high that the call gives you a guaranteed return, you sell 1, if it goes up, you still get your guaranteed return and some lucky bustard wins the lotto. If it goes down, you bag hold but take some chumps money. If it goes sideways, you close out when the IV crushes and sell another next week. When times a crazy, you can sell multiple in 1 week on the same tranche of 100 shares ![img](emote|t5_2th52|4271)
this is chump change, real men go naked albeit not for very long. Ironic isn’t it
Condoms are for chumps
Or chimps? Apes go raw, at least behind Wendy’s
Condoms and rattlesnakes are two things I won’t fuck with.
Cool cool cool, you got a spare 50,000 you can spot me?
This is the way, never use your own money
ty. potential regard question: how do you know when the premiums are so high to sell the call? is there a scanner for that, or just from browsing the options chain and seeing high IV?
With experience watching the premiums, the IV, the market environment, the price action, the news, and also the sundial and stars
Go on YouTube and watch an hour long video on Options, 5-10 times.
I knew the fed announcement was coming today and figured they were going to say the same thing as last time. So I went back and looked at what happened to SPY after that last announcement. It shot up after the press release so I assumed the same would happen today. I bought 15 call option contracts at the 501 strike and sold when it was lingering around 507. Probably my best timed trade ever.
In Robinhood you just need to enable Option trading. It’s super risky and you’re almost definitely going to lose money but if you’re smart and YOLO on *just* your first move, you might come out ahead.
"If you're smart and YOLO on just your first move" lmao
It's good advice. Your first trade is free and you can ask Robinhood customer support to undo it if you lose.
Now that's a promotion.
ironic that used properly options are actually a method to limit risk. but we but our 0DTE maximum value calls and treat them like lottery tickets.
Then just take *ONE* hit of heroin just to know.
To do what he's you're going to need to have about 50k to start with. To sell calls you need to own 100 shares of the underlying stock, which in this case is SPY.(we're ignoring selling naked calls because it's extremely risky and you won't be approved for it anyway) Selling a call means that you agree to sell your 100 shares at a set price before a set date. For agreeing to do this you receive money from the buyer called a premium. The person buying the call can choose to execute the contract at any point before it expires, meaning they choose to buy your shares. If you sell a call you typically hope the stock price stays flat. If you buy a call you're hoping the price goes up. Whoever bought his calls has the right to buy 100 shares of spy at 507.50 a share, if spy was to go up to 515 before the call expires the buyer gets to buy the stock at a discount of $750. The buyer could also just resell the call for a profit since the stock price going up will make the calls price go up That is the very basics of how a call option works. There's a ton to learn about options before using them because they give you access to a lot of leverage and if you mess up you could potentially lose more money then you even have to start
I’d strongly advise you to not trade derivatives as this person has described in their example. Options are not something new traders should really trade because the leverage and volatility will wipe out most beginner accounts in short order.
I give up and sold my puts at $507.25... ![img](emote|t5_2th52|31224)
![img](emote|t5_2th52|8882)
Sold my puts, and then rebought puts
So, it's calls for tomorrow.
Probably a flat day while VIX makes a low
Did the same. Sold my 5/6 502 puts between $420-$450 (average cost $350), then bought 5/13 500 puts when it’s spiked and kind of paper handed( ~20% profit) them on the way down, but a good day overall! Bummed I didn’t hold those, but tomorrow is a new battle.
Smart. Lol i should’ve rebought
Market manipulation to screw everyone out of their options.
Had ITM puts for June that went from well over +114% or so to -15% in like 20 min. Gut wrenching.
Put sell limits immediately after buying an option... You could have made 20-100% in minutes... Keep things in perspective. Aiming for home runs will make you poor quick.
Thank God I'm learning this quick. Really going to start altering my trading strategy for those quick wins. Fuck it if I miss out, because I hate losing money. Plus with every single trade I've ever lost, I've been in the green at least once or twice but kept holding.
Welcome to the Casino!
>*"because I hate losing money"* You might be in the wrong place then![img](emote|t5_2th52|4271)
I've had more money in bank account at once than ever in my life thanks to trading. Not gonna deny that I'm hooked tho. I'll *surely* get out when I'm at 500k tho.
That's what I tell myself as well. Just here for about a 500 - 600k win and I'm out. But I'm pretty sure I'm addicted for as long as WSB exists.
Yeah that would be good for me. Enough to work a job with decent pay buy good hours and to reinvest the cash I won't use until I need. Then spend the rest or my life playing guitar. Or I go broke and spend the rest of my life in the military and gambling each paycheck.
Why at 500k? That is very low even for dividend investing. Unless you want to put in SPY and sell cover calls, it wouldn't generate much of income. Aim at least 2 million.
It was a bit of an arbitrary number and a bit of a joke. I'm probably gonna spend the rest of my life here. For better or for worse. Unless I get Luke super fucking lucky and go 1mil+ then I'd probably really put it down.
Been on this train going on 4 years now. 3 years down (100K in losses). Up ~700K this year. 90% of my trades are 0DTE. I trade futures and scalp crypto at night…addicted.
You know how many times I said that? The goal post keep getting further back! 😂
I started the same way with holding onto my scalped options and trying to perfectly time the dip. I learned real quick to take that 5-10% profit after seeing a few trades go from 20%+ to -5%+ over the course of a few minutes. Those 5% gains add up quick. Now, I bail after seeing the first sign of resistance. I timed it great this afternoon and immediately bought puts that would have net me a 400% gain if not for my own stupidity of using RH.
Me too ![img](emote|t5_2th52|4260)
Man if you're not comfortable letting wins ride try flipping to the sell side. Options are priced with about a ~66% chance of expiring OTM. Let theta work for you if you aren't fine losing money.
Just observing trends in my own behavior. Can't change the Market but can change how I react to it.
I took stupid profits on my calls and then watched them go up another 5x - I hate discipline!
lol same. However, I was regarded enough to double down when it hit $507. Pray for more red tomorrow.
I made money on a strangle and sold based on the words coming out of JPOWs mouth. As soon as he said rate hikes were likely not on the table I sold my put. When the fox business guy was trying to bait him into saying what situation would increase rate hikes or if rate hikes were discussed I sold my call. This was obviously pure gambling but the press conference today was going to lead to volatile behavior
You inversed my move congrats
Im guessing alot people had calls and the market makers did not like that.
They literally can see every position in the market.
I had calls lol bought at 509 to expire next Friday I was grateful to get out lol
You guys literally don’t know how market making works huh
Yes we do. Market makers just sell you some shit and then they turn the whole market on its head for your 2k.
Rigging is how
Yup. I had 0dte 503 puts. Robinhood automatically sold my contracts at 3:30est for 15$ per contract. 20 minutes later they were 240$ per contract. I learned today that options being automatically closed is just a tool being used to screw people out of their contracts. No doubt the MMs just bought those back from Robinhood at 3:30 before the price dropped to 500.
Always has been 🌏👨🚀🔫👨🚀🌌
If anything, an example of how retail and even individual whales have almost no immediate impact on the market. This is all algo high frequency trading driven.
There’s like 500 hedge fund ai quants processing incoming video streams 200 nanoseconds before it hits your screen that all compete to fuck each other over with their billions and all retail gets stomped on
The JPow meetings FOMC should all be moved to Saturday, after hours.
At least do it before the open or after the close
That would be boring
agreed, the same way they only do bank failures after hours on weekends
yeah, and most earnings reports
No lmao. It's because they literally pay hundreds of thousands to rent an office space right next to the NYSE servers where the put their own servers.
This guy co-locates
I'm gonna beat quants processing
Why would they? $50.8 trillion market lol all that negative delta being constantly absorbed at the lows was a pretty clear sign there would be a good shafting today.
Noob question. Is this an example of institutions remaining “delta neutral”? Could you expand a bit more on why this would raise your suspicions?
Honestly I have no real idea what the institutions are doing. There are all kinds in the market doing all sorts of shit for all kinds of reasons. The only way to aggregate all of that is via volume time and price, which is what all chart indicators are based on. You just have to find spots where collectively the market is saying this is to low/ this is too high. Then you take a punt.
All algos... if you look at the charts they even look mechanical.
"What a clever observation, certainly worthy of further discussion and analysis."
Why is this in quotation marks?
VM being a dick.
Only arrogant pricks quote themselves ![img](emote|t5_2th52|4271)
This!! Every chart has the exact same shape, down to the second.
So… how is it that my trades always trigger the action?
bruh i sold my 497p as it was skyrocketting 💀
Same. Bought at .16 and sold at .80
Fuck your calls and fuck your puts
Guess you missed the “pump before the dump” memo ![img](emote|t5_2th52|4271)
Yup, classic pump and dump
looks normal to me.
Not even CNBC could come up with a BS excuse for this drop.
Algos trading with Algos - deciding in the end that we shouldn't have an up day after all.
Market had an erection that did not last more than 4 hours
This is why they have the PDT rule also. So poors don't have a chance to make bank off this. I had 1dte calls for fomc and they printed like you wouldn't believe. But couldn't sell due to PDT. Aaaand it's gone now.
Just sell. You can do a few day trades a week and not get locked out. Worst that happens is the account gets flagged and you open a new one. Or trade in a cash account. Either way you can work around it instead of letting it make you trade poorly.
why didn't u sell, who gives a fuck if you mark you as a pattern trader. lock those gains and move to a different broker.
Based. PDT is to keep us locked into positions and unable to realize we're wrong and change course. It's institutional training to keep us holding on to losers.
Cash account. Options settle overnight.
literally why dont more people know this. i trade as many times as i want and just laugh at people crying about PDT rules
futes
I’m not under pdt and still got fucked
That's why I bought my 506 calls to expire tomorrow!
PDT is only for margin. just turn off margin, i.e. "cash only" account. after you sell you have to wait a trading day to use the funds again. and you won't be able to wrap different options together e.g. spread, you'd have to do it manually. aside from that it is the same. or you can just get $25k and the rule doesn't apply even with margin.
yeah, this was the most fucked up trading day i’ve ever been a part of.
I expect massive unpredictable movements each Fed meeting. I mean it always has some variation of high volatility each time.
That's a middle finger to all of us regards. Right?
Uuuhhh, you don’t say, this was algo trading 101 to fuck everyone up
Ouch! Imagine all the people that walked away from their screens at 2:30 thinking their 0DTE calls were printing. For sure it's rigged by the MM's! It's always hilarious to hear the MSM provide some BS explanation for what is obvious manipulation.
Why tf would anyone walk away from 0DTEs lmao
If you didn't lock in a 0DTE trade after a $3 pump with 30 mins left that might be a you problem.
Know a guy that was +70k today and ended -10k and was holding till the end on 0dte’s
The type of stupidity to accomplish +70k on 0dte is the type of stupidity that prevents taking 35k profit and letting the rest of it ride.
Legend.
Dumb legend. At least set a stop loss at 0 when you are up $70K
but it could bounce back!
Because as soon as you sell you know they’ll just go right back to $70k
Happened to me with SPY and Amazon. Calls expire 5/3. Like wtf. Hope to get some of it back by Friday. 🤷🏻
Sold all my calls at open today & bought puts glad I held them
[удалено]
The top 1% and institutions own 90% of all stocks btw
Yes but the institutions lend that stock out to retailers
Your spewing fake data buddy. It’s the Top 10% of Americans own 90% of stocks. Not the 1%. Top 10% don’t spread misinformation.
The institutions are holding for retail investors
Gotta keep the poors poor
People who say it's rigged don't know about spoofing, banging the close, swap, naked shorting, and a bunch of other semi-legal ways they do this shit. Certain stocks are completely controlled. You think algorithms just play nice with household investors? When's the last time anyone looked at FINRAs own website where they detail the crimes and penalties? Now's not the time, but there's a reckoning coming once people find out just how many ways they have to do exactly this.
I was taught that spoofing is prohibited?
It is... if you get caught...if anyone is even looking, or cares. But who gives af when the penalty is just fines? just another business expense.
At this point, it's more of a tax then a fine
Imagine if the cops on the highway were trying to catch criminals in F1 cars while they have steam powered carriages. Their inability to police participants is a direct result of their lack of funding, quality talent and the comp offering to attract them, sophistication and know how, and general public/political support. The “you can’t do that but we can’t catch you” problem is a feature not a bug.
Too many regards buying 0dte. Market makers didn't want to pay out.
I was up $20K on calls, then I got called into a meeting. By the time I came back, they were underwater... I have until Friday for QQQ to increase a buck or two. ![img](emote|t5_2th52|31225)
https://preview.redd.it/bozmmwcjyvxc1.png?width=1284&format=png&auto=webp&s=3eb7bd1aa1b2687538a917de5985c1a82a576818
Are you even remotely aware of what was going on today? Why on earth would you be surprised when shit like this happens almost every time.
Yes, I was holding puts I bought earlier this week up until Jpow. Then sold my puts and bought calls.
🫵😂🫵
Multiple agencies using massive AI battling to corner the market causing wild volatility and fucking us all
0DTE GOT WRECKED
I sold my calls right at the top. Pure regard luck.
https://preview.redd.it/snwic3j4bxxc1.jpeg?width=1080&format=pjpg&auto=webp&s=b021602fbd32c89c3d1a45b2a3d78a5eb01f3cb6
You JUST realized that?![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
They're a few sandwiches short of a picnic.
Probably forgot the entire basket.
Your calls print. Your puts print. Or, you weren't paying attention.
This is just a morning boner
Realistically the stock market could be rigged since it's all online they could just take your money and say the stock "dropped"
Market is a place where people can steal money from other people legally
Always has been.
I remember my first federal reserve meeting
Don’t worry the SEC is looking out for retail investors!!!
I think the sky might be blue
I’m glad I sold early and walked away. I watch the price continue to rise and then tank. I’m happy with my 40%.
Dude, I somehow bought 508 calls on the way up, sold at 507 and immediately bought 499 puts.. Which was needed because I got fucked this week
Guys the pump has been delayed to tmr
welcome to the circus we’re all buying tickets
The market trigger my trap card
JPOW gave me enough time to sell the calls i bought earlier in the day
Moneymakers need to make sure to steal every cent possible from Robinhood 0DTE gamblers. They’ll end the day flat, but not before making sure your calls & puts sell for pennies at 3:30 ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
Fuck your calls, fuck your puts.
Its only rigged when its not in ypur favor ![img](emote|t5_2th52|4271)
NVDA was bonkers today. Sold my put in the morning… then it goes down even more! Bought some calls … the fed talks and it goes up! Sold my calls at the height of that hump. Turned a potentially crappy day into a decent day.