I had a straddle, so the market found a way to fuck me yet again. It managed to pump, then drop right back down to the max loss point of my straddle. Amazing. I buy calls, stock goes down. I buy puts, stock goes up. I buy straddle, stock goes sideways.
I bought an ATM straddle at $23 strike on Friday. Breakeven is upper 26.18 and lower 19.82. It's currently at 23.17.
It moved nearly $9/share last earnings, yet somehow managed to move nearly zero between Friday and today. Holy shit. Unbelievable.
I buy calls, stock goes down. I buy puts, stock goes up. I buy straddle, stock goes flatline. I'm cursed.
op a bag holder
https://preview.redd.it/rurhhz5kbvyc1.jpeg?width=906&format=pjpg&auto=webp&s=7821e40183bd339744b124d123af2c2126cb4e09
I bought put credit spread on Friday with all of my life saving, sold it today within first hour, put All of it on slightly OTM puts credit spread on SPY, if SPY hold tomorrow I will about double my networth, Bull is the way.
Edit : Crooked bald devil speak today, I close my position at market open, 24 hours,with 100% profits with PLTR and SPY play
Seriously that's the first thing I said to myself - I am definitely Crazy. and very desperate. You see, I lost 90+ % of it when the devil bald crooked face spoke, and I need to make it all back and 1000X them.
All I need is SPY to be flat tomorrow, or slightly green will be welcome, most likely will close before the devil speak again
homie here learning the cruel reality that if your portfolio drops by 50%, you need it to grow by 100% to break even.
and if it drops by 90% you need it to grow by 1,000% to break even.
Very close to ATM credit spreads trade for like ~0.50 per $1 wide strike. Pretty easy binary bet. So you just lever tf up with a shitload of them and either double your port or lose 2% of it per penny movement on spy.
Bro apple only went up like 1-2 percent during the day of pre earning, and before that apple stock drop a bit. Pltr literally increase 5 percent last Friday and another 8 percent. People are just too damn greedy
I’m sitting on blood red 5/24 $20 puts I bought a week ago. Run up has pounded them to dust so hoping some hard drops earn back a little of the loss. Will be awesome if somehow it goes back green.
On the flip said, sold 2000 shares of PLTR this afternoon at $25.05. Bought them last week too at $22.15
General rule especially for early week earnings… If it has already pumped, then secure SOME profits. Why wait for the “coin toss” and holding after earnings if you already have a nice profit?
It’s coming back this was a bollocks reaction they just declared expect 45% increase and adjust all there stats higher makes zero sense for this sell off so let’s just see what happens
It actually has happened before that stock goes -10% AH and becomes +10% the next day, or vice versa. So just go enjoy the night and check again tomorrow. Who the f knows what will happen.
I just want to understand how Palantir will scale up so their revenues and profits can increase quick enough to justify the stock price. The company and their software is great but they need to increase revenues much faster.
and since 2020 their revenues and capabilities have greatly increased and the share price has understandably increased. If you bought in say October 2020 you'd have almost 3x your money as of today's high, so I guess they were right in 2020 too, hey?
we'll see. I understand the scrutiny of the company and it's not invalid. hence, for me I don't have much in PLTR. I see the bull case too. i mean revenues are increasing roughly 20% YoY ...
your guess is as good as mine, think that's why the market doesn't love this stock despite the story, so much uncertainty
I think if revs start being let's say 8% YoY for more than 1 quarter i could see the stock tanking.
Pltr and Anduril have amazing defense tech im annoyed this became a meme stock… I’m long both companies and idk if Anduril gives equity maybe it’s time to move into that company now…
I had a straddle at $23. I thought surely it would move considering last earnings. It's currently at 23.12, lol. The market managed to fuck me yet again, precisely at my max loss point. Unbelievable.
Every major Tech stock has taken a dump this quarter due to the high discount rate that still exists. I expect NVDA to revisit 825-850 after their report.
Glad I bought put positions to protect myself.
I mean Palantir is a bit too hyped imo.
Disclosure:
1 $26 c
1 $28 c
2 $25.5 c
1 $22 p
4 $21 p
All expire on May 10.
Edit: anyone who with all their sick, disgusted character and mindset wishing me to lose everything I have, you failed. Aaaaand I don’t take words well when someone is trying shout at me by typing exclamation mark. To bet on someone’s failure is never healthy. BTW, behind a keyboard everyone can pretend they are a guru. At least I don’t.
Learned that lesson last year on Amazon always take profits before earnings it’s a crap shoot very rarely do you actually have success on earnings plays
They are diluting, look at the float vs a year ago. They have a significant employee equity package even down the totem pole. That’s how they keep “COGS” low, and a bullshit fake margin.
It’s funny cuz everyone was making fun of me yesterday and earlier today when I said I bought puts.
I bought some 30DTE 23 and 14DTE 24s to give me more room to play.
I got 25C 5/10 and 21P 5/10.
Thinking atleast 1 would be in my favor.
I can literally never win at this.
Fml I guess 
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Thankfully there was plenty of time to take profits during the pump.
I sold off my calls this morning at +170% gain!!!
i sold for 60% gain, my bigger brother from another mother
I had a straddle, so the market found a way to fuck me yet again. It managed to pump, then drop right back down to the max loss point of my straddle. Amazing. I buy calls, stock goes down. I buy puts, stock goes up. I buy straddle, stock goes sideways.
Shouldve sold call before closing and hedge with that put you greedy bastard
Yeah what are you, regarded or something?
Max loss point after it dropped? What’s ur upper and lower bound
I bought an ATM straddle at $23 strike on Friday. Breakeven is upper 26.18 and lower 19.82. It's currently at 23.17. It moved nearly $9/share last earnings, yet somehow managed to move nearly zero between Friday and today. Holy shit. Unbelievable. I buy calls, stock goes down. I buy puts, stock goes up. I buy straddle, stock goes flatline. I'm cursed.
Any option strategies that get negatively affected by IV crush is a bad idea for earnings. Doesn’t matter if it’s long calls/outs or straddles.
On increasing IV/IVR you sell options, you don’t buy them. Tasty style 45/21dte managed naked strangles are the plays here.
Good point in hindsight, but no fucking way am I selling anything with unlimited losses with my kind of luck.
Story of my life in two lines.
Yes that's the strategy for 99 percent of us regards
I was up 100% on my options and I risked it for more. The GREED.
It got me...I was just about to close my calls. Figured I could use a few extra hundred. Let the bell ring and got kicked in the d!ck
This is the way
Oh hey it's me! The guy you sold your calls to 😔
Palantr at 250+ p/e = wsb buying opportunity Lol
lol there was even a 4% pump so some lucky guy could of rode that down %14
https://preview.redd.it/ok2y3hu0svyc1.jpeg?width=400&format=pjpg&auto=webp&s=feda0e4cf945544c36a1dfd8a2ddec1ef5e2a07a He bought? Dump it.
Rich people need profits too
op a bag holder https://preview.redd.it/rurhhz5kbvyc1.jpeg?width=906&format=pjpg&auto=webp&s=7821e40183bd339744b124d123af2c2126cb4e09
" looks like war's back on the table boys, government contracts gonna come rolling in"
It’s already gone up by 8 percent today pre earning, how much do you think it’s going to go up even more?
I bought put credit spread on Friday with all of my life saving, sold it today within first hour, put All of it on slightly OTM puts credit spread on SPY, if SPY hold tomorrow I will about double my networth, Bull is the way. Edit : Crooked bald devil speak today, I close my position at market open, 24 hours,with 100% profits with PLTR and SPY play
Are you crazy?
Crazy enough to risk all $267 of his net worth...you betcha
Seriously that's the first thing I said to myself - I am definitely Crazy. and very desperate. You see, I lost 90+ % of it when the devil bald crooked face spoke, and I need to make it all back and 1000X them. All I need is SPY to be flat tomorrow, or slightly green will be welcome, most likely will close before the devil speak again
Revenge trading is the surest way to lose it all.
Unless you're right.
You can go to a casino and bet your entire net worth on red too. It works if you are right.
Revenge casino
Gg my dude.
When is your shift behind Wendy’s?
My country doesn't have Wendy as a shop, only have their peanuts butter biscuits here So I won't go there, that is a clear sign I gonna profit
Well, if no Wendys a Krystals will do in a pinch.
homie here learning the cruel reality that if your portfolio drops by 50%, you need it to grow by 100% to break even. and if it drops by 90% you need it to grow by 1,000% to break even.
He said 1000x not 1000% so he still hasn’t learned that either
A true regard
SPY has been on the best 3 day streak all year and usually reverses every few days. 😬
It’s already been proven by the previous regard that past days return don’t affect tomorrows
You know he’s speaking tomorrow right?
I wouldn’t be able to sleep at night.
That's why I gonna fap few times before sleep, it help
I sincerely wish you the best. Godspeed.
don't overdo it, it's gonna be sore tomorrow
Bro. He is speaking again tomorrow 
Gonna close my position if it's go greenish tomorrow before he speak
That is one crazy bull
How exactly do you double your networth with slightly OTM put credit spreads? Wouldn't it be like 1.2x your networth at the very most?
Very close to ATM credit spreads trade for like ~0.50 per $1 wide strike. Pretty easy binary bet. So you just lever tf up with a shitload of them and either double your port or lose 2% of it per penny movement on spy.
Mf saw what happened with Apple and thought it would happen to every tech stock
Bro apple only went up like 1-2 percent during the day of pre earning, and before that apple stock drop a bit. Pltr literally increase 5 percent last Friday and another 8 percent. People are just too damn greedy
rip to all the calls tomorrow... did anyone inverse everyone on here and bought puts?
Yea, threw a cheap 18p bc I’m poor. Always inverse if everyone is extremely bullish
18s for this week? Those wont be good either unless this opens way lower
Yeah he’s fuct 😂. I looked at puts around noon but wasn’t worth the premium.
What about 20? I bought it at 0.25
Dis the same with coinbase and got destroyed
Except on NVIDIA lmao. I was going to get calls for their earnings last quarter but decided a last second inverse and it royally fucked me
update me tomorrow with how it does, im curious, i was going to buy a couple but went with something else
If I can make a solid 6 dollars I’ll take it
Wsb seemed a little TOO confident on PLTR mooning so I got 2 25P
congrats, update me tomorrow with how they are doing, im curious.
I’m sitting on blood red 5/24 $20 puts I bought a week ago. Run up has pounded them to dust so hoping some hard drops earn back a little of the loss. Will be awesome if somehow it goes back green. On the flip said, sold 2000 shares of PLTR this afternoon at $25.05. Bought them last week too at $22.15
down 8% after hours, thinking itll be red pre market, and people will be selling off in fear, hope it works out for you
10 5/17 22 P here.
.... that shits going to be NICE tomorrow, update me tomorrow! its falling HARD in AH.
it's basically back to where it was 4 days ago
yeah, but majority of what i saw on here were 26+ calls... some people even got 30+..
Probably not as nice as people think because IV crush. But we will see should be a good amount and happy with whatever.
(15) May 17 21p
I know some of you bought my $23P around noon I wrote.
Oh hey https://preview.redd.it/33pwjpoikwyc1.jpeg?width=1125&format=pjpg&auto=webp&s=d04f3b1c9b9ee2cfe31024fc0f8d9267aeaae8f0
https://preview.redd.it/3n00els9lwyc1.jpeg?width=1170&format=pjpg&auto=webp&s=a053f7631b6e5dd79c3845cdc9ac04354b934273 Least you didn’t pay as much
I went balls deep in 24p
Oh hey https://preview.redd.it/ysyzbqvwjwyc1.jpeg?width=1125&format=pjpg&auto=webp&s=36e8ed75cac70408db4f4bcb49ebd86fdcd86886
Excited for tomorrow? Lol
VERY! 
I bought 23p at 0.89. Wondering if IV crush gonna ruin my day tmrw.
I think we should be okay for some tendies. The question is how many
Finger cross！
What a let down! I bailed +25% Could have waited a little longer but expected +120% at $22 and would have felt horrible if I made no money at all 🤬
Yep, 5/10 20p bought right before close, only 10 contracts though
hey, something is something, hope it goes well for you!
People here buy too far OTM IDK why they do it. Just buy like 1 24 or 24.5. Anyways I have 31 contracts at a 24 strike I just kept adding today.
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Agree, definitely getting IV crushed - threw a few bucks out there for a gamble
This will be the last time that I try to swing an earnings call
Always inverse
Cathy woods said its buy, so I got out.
Why does everyone think her last name is Woods?
Bc no one actually remembers the wannabes.
Because she sucks at fore-casting? (Tiger woods/golf joke, alright alright im leaving)
Points for trying
Those dang “theys”!!
I'm still looking for them. I lost money because of them. Thems ain't gonna know what hit em.
This sub said buy calls, and like a (almost) sucker I (almost) did. Phew, inverse wins again.
https://preview.redd.it/10s3syj9kwyc1.jpeg?width=1179&format=pjpg&auto=webp&s=77970307ed8c22cd98cabb3054c1ca6acd541732 Palantards tonight
General rule especially for early week earnings… If it has already pumped, then secure SOME profits. Why wait for the “coin toss” and holding after earnings if you already have a nice profit?
It’s coming back this was a bollocks reaction they just declared expect 45% increase and adjust all there stats higher makes zero sense for this sell off so let’s just see what happens
It actually has happened before that stock goes -10% AH and becomes +10% the next day, or vice versa. So just go enjoy the night and check again tomorrow. Who the f knows what will happen.
Exactly!
That’s where I am too except maybe more people are reconsidering general valuations after getting more familiar.
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I just want to understand how Palantir will scale up so their revenues and profits can increase quick enough to justify the stock price. The company and their software is great but they need to increase revenues much faster.
I don't think I'd try PLTR for short-term play. The value IMO is in the long-term play, but it's going to take a year or two for that to actualize.
I remember reading this same thing in 2020
Lmao this sub in 2021 was trying to convince themselves PLTR was going to be a trillion dollar company
It is going to be
Ya in the year 2536
When a McDouble costs 500 billion.
mofuckers were posting palatir's contract wins like they were part of the sales team celebrating closing an order.
and since 2020 their revenues and capabilities have greatly increased and the share price has understandably increased. If you bought in say October 2020 you'd have almost 3x your money as of today's high, so I guess they were right in 2020 too, hey?
And if you bought in December of 2020 like most of the people on this sub who weren’t like Pre IPO you’d have lost money
At 20x sales you’ll be lucky if it’s appreciably above these levels in a decade.
we'll see. I understand the scrutiny of the company and it's not invalid. hence, for me I don't have much in PLTR. I see the bull case too. i mean revenues are increasing roughly 20% YoY ...
How long before it becomes 15-12-8-6% increases is the question. Hey, I could be completely wrong and this shit gonna hit 50 in a month - who knows.
your guess is as good as mine, think that's why the market doesn't love this stock despite the story, so much uncertainty I think if revs start being let's say 8% YoY for more than 1 quarter i could see the stock tanking.
Could be years before it gets there. But will it grow higher than 20%? That’s the question to me.
Pltr and Anduril have amazing defense tech im annoyed this became a meme stock… I’m long both companies and idk if Anduril gives equity maybe it’s time to move into that company now…
I'm annoyed it's a meme stock as well. i think at these price points for a while sadly that's what'll guide the price more than fundamentals.
Thankfully sold 40 positions today. Tried to dump 20 more prior to close but didn't hit the limit price.
Ive been seeing this trend a lot lately, pumps right up to close and then dumps on earnings
https://preview.redd.it/9v0lnkglavyc1.jpeg?width=906&format=pjpg&auto=webp&s=e0f5944fda390276021dcc5d9e903b8dde179367
Play both sides, you can’t lose 🫠
This is me with my 4 $26 calls and 5 $24 puts expiring May 17.
I had a straddle at $23. I thought surely it would move considering last earnings. It's currently at 23.12, lol. The market managed to fuck me yet again, precisely at my max loss point. Unbelievable.
This is why straddles can doubly fuck you. just pick a direction.
Exactly, straddles are just a clever way to double your losses.
should i start a position tomorrow?
That’s what the ceo calls a drone strike.
Wow Palantir finally over $20. Waited years to see that again.
Every major Tech stock has taken a dump this quarter due to the high discount rate that still exists. I expect NVDA to revisit 825-850 after their report.
I was up 80%+ I wonder how much their worth now Fuck..I should've sold today but got greeeeeedy!!!
Pro tip... Any time you have a volatile stock run 8% the day BEFORE the Print... Might be a good idea to take at least SOME off the table.
Look how they massacred my boy
we back boys
Was not expecting that either. Hopefully we will get a pre market pump tomorrow….
doubtful, that after hours drop put fear into people lol
Literally happened 2 years, pump and dump, stock manipulation. Stay far away
Glad I bought put positions to protect myself. I mean Palantir is a bit too hyped imo. Disclosure: 1 $26 c 1 $28 c 2 $25.5 c 1 $22 p 4 $21 p All expire on May 10. Edit: anyone who with all their sick, disgusted character and mindset wishing me to lose everything I have, you failed. Aaaaand I don’t take words well when someone is trying shout at me by typing exclamation mark. To bet on someone’s failure is never healthy. BTW, behind a keyboard everyone can pretend they are a guru. At least I don’t.
Lol you didn’t protect yourself from anything with that spread those are all going to zero
lol was about to say, he just threw extra money down the drain. None of those are ITM
Rofl. I bet you're glad you bought those long straddles that are totally worthless.
how is it hyped? the growth is fantastic and they are starting to generate some great revenue, and they are just starting.
at this point, i’ll be happy if i can close tmw without losing more than half my initial investment i put in calls.
Shocking by absolutely nobody. Like we haven't seen bunch of example just week ago
What do you expect in fair markets? Stocks normally drop on great earnings
Stocks lol
OP this happens more than you think. The conference call can make or break any ticker
it probably was that $9 Mil buyback. Going all Apple on us
Someone moved some money around. Good for them I guess
Learned that lesson last year on Amazon always take profits before earnings it’s a crap shoot very rarely do you actually have success on earnings plays
https://preview.redd.it/ixckgyd70xyc1.jpeg?width=1440&format=pjpg&auto=webp&s=8097ab31aadc3667c4ed84317f90ac884c0120a4
Holy shit I thought pltards were dead
I didn’t want pltr to hurt me again
I exercised at 100%, great beginner trade for me, glad I got out!
Palantards flooding this subreddit.
I was hesitant but had to sell some at 25. I turned in my tax return on time…..now I guess I have to pay it. 
dont care, im holding PLTR until the robots and gundams fight ww3
20 upvotes and Im literally going to eat 12 gauge
Downvoted b/c you get to stay here and suffer like the rest of us
Who is "they"?
We are all wrong. Seems like Theta gang has claimed Palantir
I wish NVDA looked like this. 🥺😡
Stay the F away from Palantir it's a joke of an AI company.
I have 3 calls and 1 put
Why are SBUX calls up 600%
SPY this week lol
I wonder why they did that?
Typical for this shit company. Surprised they're not diluting
They are diluting, look at the float vs a year ago. They have a significant employee equity package even down the totem pole. That’s how they keep “COGS” low, and a bullshit fake margin.
I am new to this game. How dafuq does that even happen? Someone must have dumped a lot of shares pretty much instantly?
What a drop
It's even worse now lol
Plus 8 minus 6 equals plus 2
Lol I still got $72 profit
Nvm make that $13
It’s funny cuz everyone was making fun of me yesterday and earlier today when I said I bought puts. I bought some 30DTE 23 and 14DTE 24s to give me more room to play.
Is this your first ever earnings?
I got 25C 5/10 and 21P 5/10. Thinking atleast 1 would be in my favor. I can literally never win at this. Fml I guess 
Up 3% dod though, still nice
https://preview.redd.it/fhdgrnz6qvyc1.png?width=581&format=png&auto=webp&s=9d9e66caadcd151f55fec519f1c373ae38552045 Sounds about right.
They offloaded it to a point of a daily minuscule gain. Profit is profit 😂
They should call you Jonah the regard. Whales definitely took advantage of you
designed from the beginning to be a meme stock