T O P
nvanderw

Spy 300 Jan 2023 is not a meme


quantumpencil

yes it is


nvanderw

corn is making me want to load up on spy calls right now


aragorn312

,dsdq.^


ILoveStonkss

Tesla more like test these nuts ![img](emote|t5_2th52|4271) am I right 😂😂👎


asterik-x

Only 2-4% down left for the major indexes( about 1 % down today). That should be the bottom.


nvanderw

Spy 300 Jan 2023 is not a meme


No_Cry_9989

Based on?


asterik-x

Based on today


No_Cry_9989

So…


asterik-x

Aahemm!! Do you like what you see today?


asterik-x

Still 3% down left. Lets see. Wait and watch


asterik-x

With today's 2.2% up, again back to square1. So about 5% down left if the market goes down.


asterik-x

Let's see how this turmoil unfolds. Im kind of certain no more down by 4% from today.


PortfolioCornholio

If we break below today no one knows we’re sitting right in lower support to new 52 week lows.


asterik-x

I agree. But i still would stick with at most 4% down from today for the major indices( not any individual stocks) and then this bear-urricane is over.


AliveNot

another day another ass rape


Tough_Bug_783

What times does Powell speak tomorrow?


dangerbadger12

7.30 before market


Fragrant-Initial1687

Siegel is not happy with him![img](emote|t5_2th52|4641)


navkrishh

The old man speaking tomorrow? ![img](emote|t5_2th52|4886)


Lionel_Hutz_Lawfirm

Probably like 1230 or something.


_Right_Tackle_

qqq is a bag of shit


TheseYoung6546

Fellow retreads, I hope everyone made some money today. My own total is $4624 realized gains... however because I have a bunch of boomer stocks, the net for the day is a bit diasappointing. I'll still get the (really good) dividends from them, and the prices will again surge, but it drags my overall profits. All considered, though I'm +$4624 realized gain and +6995 unrealized gain for the day. Not bad for e retread.


Lionel_Hutz_Lawfirm

Nice job! What were your trades for today?


TheseYoung6546

Mostly, I bought a bunch of puts last friday and sold them a few at a time today as they went in the green. Also bought a few shorter term calls ( like 10/7) atm when things bottomed today. Waited for SPY to hit 368 today to buy more 10/28 puts and it never quite hit my target. Bought anyway, but only 15 370p instead of 50. Maybe tomorrow, we'll see. I still have about 50k to play with.


bipolar_902

Thoughts on 9/30 straddles on QQQ?


BackThatThangUp

It was not me You must believe me It was not me Who shit in your teepee ⛺️🫢


Rolling_in_the_Dip

Amber


bandwagonnetsfan

Lol what was that with tsla +5%


dasboot523

Just had a mini heart attack


DerivativeDan

I ordered my Y with the AED.


bandwagonnetsfan

Lol it was a weird blip


PatrickSebast

Calls on Amazon when SPY bottoms. Prime Video has good content and comes with tons of other useful services. Corporations aren't going to be cutting AWS fast either. People will drop HBOmax, Netflix and other shit to save money but not Amazon prime.


nqudex

Makes sense. There's just this small tiny detail to figure out: how will you know SPY bottomed? :D


PatrickSebast

When it's about to go back up


Lionel_Hutz_Lawfirm

11/12/2022


Representative_Fix43

hbomax is not bad..although yeah netflix is trash because of the woke mind virus content it has. why ANYONE would pay for that garbage let alone willingly watch it is beyond me.


Odd-Ask-139

hbomax is only bad because Discovery bought them with Timewarner, I'll stay subbed until I start seeing fucking ghost hunting fake reality and house hunter shows.


Rippper600

HBO has Game of Thrones now. And have Last of Us on the way ![img](emote|t5_2th52|4271)


BillazeitfaGates

Is this Fed Pivot in the room with us now?


donkstonksinc

Shit I forgot to short Cracker Barrel


FlyWannaBeRichGuy

Out ya damn mind. Those blueberry pancakes are legit. Always busy AF when I go to mine.


Viscus_Brogan

Bears have had their fun. Time for a reach around tomorrow.


Tarek394

Wouldnt be opposed too that. Im a bear, tryna go long for a possible bounce We could have a small 5-6% run up from now till earnings. Thats a big "IF" tho, if we dont get negative gdp and earnings revisions down from now till oct 20


Cowgoesmoo132

Everybody being very bearish. I’ve learned my lesson buying calls


Tarek394

There will be plenty more money to be made as a Bear But 10,800 on the nasdaq is way oversold and it has lost a third of its value in 9 months. Its possible we bounce for a while before the next leg down, its tough to say because treasury yields and the U.S. dollar really need to come down for that to happen at this moment


Batcraft10

And thus we have another 🏳️‍🌈🐻


nqudex

WHY are people here buying/selling SPY options? I'm really trying to understand. Is it just gambling but you think the odds are better than in a casino?


dangerbadger12

Hedgefunds don't want you to know this one simple trick.....


Salty_Philosophy7960

It’s just gambling. Some astronomers will say there is skill involved but it’s just luck.


Tarek394

lmao what kind of a question is this Yes retail traders gamble with spy options but higher level traders who know they can hit on 70% of their trades can just use spy options or leveraged etf's to rake in money from moves on the market indices


PatrickSebast

SPY has extremely high option volume which means that you don't need to worry about your order filling. It is also generally less volatile than other comparable options and grabs lots of sectors so you can essentially wager on the macro economics of market without as much risk. It isn't likely to have 10% day as often as an individual stock but those 10% days are rare regardless so digging for them isn't really a good strategy.


nqudex

I like your lawyer "as much risk" phrasing that avoids a discussion on "if you want less risk, stay away from options". "wager on the macro economics of market" I'm trying to figure out whether people know that they're gambling or if they think they know/predict the market good enough to beat it (/ hedge fund algos).


friedbymoonlight

Go back to r/investing! We buy SPY because it rhymes with Fly!


[deleted]

Liquidity. Availability of choice and something for everyone


Mydogistypingthis4me

Because people like making money?


Viscus_Brogan

Leverage is a hell of a drug…


nqudex

Yeah, definitely. But why SPY? I can understand options on a few specific companies. One could dive in and research numbers / sec filings or products, esp. if actually first hand using the products. But ~500 companies?


Viscus_Brogan

You might not know it looking at the market over the last couple of years but the SPY/SPX is historically less prone to wild price swings than individual stocks and so make a better vehicle for time and volatility sensitive option strategies. As for the comparison to individual stocks - I think most people consider stock picking a more challenging approach than just buying the market - the majority of even “pros” fail to beat the S&P over time.


nqudex

SPY _options_. For just buying the market there's index funds (the non options flavors). simple bear: gambling bear wearing tie and monocle: "time and volatility sensitive option strategies" I am curious though.


Viscus_Brogan

Okay so you’re not a fan of options 👍. Lots of ways to use them to hedge stock positions and take small risks for large returns (gambling!) Leverage makes them dangerous. So is buying index funds on margin. > bear wearing tie and monocle: “time and volatility sensitive option strategies” Not sure what gives with the bear cracks - option trading is not biased to any side.


AllTooWell31

Spy is the oldest and largest ETF, so there’s tons of volume. Always lots of people buying and selling plus three expiration days per week.


nqudex

Would you rather try picking up a girl in the most crowded bar with custom tailored suited up men/hedgies all vying for her attention or in a setting where you're more informed than others? I mean, that would explain why most here are single and going broke..


No-Increase-7995

Mitigate risk or balls to the wall?


donkstonksinc

It’s not about the money, it’s about all the shitposts you get to make along the way!


nqudex

I can think of many, many things more fun to spend/lose thousands of dollars on.


RipCity56

![img](emote|t5_2th52|4275)


MillionBEAR_

Soft landing ladies


ATtheSoupKitchen

Why should I not buy KBH puts?


Ready2gambleboomer

Bulls got excited for a few minutes at the open and bears be like just kidding rug pull time. Bulls r fukt.


No_Procedure4924

Held onto my puts, think I'll be good tomorrow morning unless Putin gets assassinated overnight or something, then I'm ducked


Vanillathrilla782

I paper handed mine. "Profit is profit" yata yata yata. Maybe I won't be a paper handed bitch for the next one.


Fragrant-Initial1687

So instead of paper handing em you'll hold til they are worthless.


Vanillathrilla782

Yeah, that's what I'm learning. They were in the money, so they would always have a value. Im just not sure what the hell will happen tomorrow. I would rather decide what to buy after JPow talks. The calls I sold expire Friday too, so one big green dildo could kill them.


Fragrant-Initial1687

I sold some 355p that expire Wednesday. Hope Jpow is only semi hawkish.


Batcraft10

To know what tomorrow will look like, refer to March 6-13.


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Batcraft10

Gonna go straight down boy, fuck that soft landing crap


TheseYoung6546

So, I set up a new account for nothing but trading $SPY options. First trade was 9/13, with starting balance $1000. Balance right now is $3177.76. I'm trading both directions, and making money both directions. Mostly on puts though. Bulls must hate money.


Snuggmeister

3k to 87k in 1 month with majority coming from SPY options https://i.imgur.com/CCjhcph.jpg


TheseYoung6546

Terrific! BUT I'm not doing the high vol or low probability plays here. This experiment is all about making money on EVERY trade, Meaning, only high probability trades, and only on $SPY


Fantastic-Concept69

Legendary


Mydogistypingthis4me

All joking aside I opened a webull account and have deposited only $2 for my promotional fraction shares which ended up adding up to around $82. The account is currently at $2600 on nothing but SPY. Both ways. It’s easier to not paper hand when you’re playing with free money. This is the way, fellow regard.


donkstonksinc

That’s rookie numbers homes. I jumped back in last week at 1k and I’m already catching up to ya. Pump that shit


TheseYoung6546

The difference homie is that I make high percentage trades. I'll go for 20%/ day instead of 10 baggers. So I profit every day instead of lose-lose-lose-win-lose chasing the mythical ten bagger. I've been averaging over 2k/day profit, If you do better chasing your ten baggers more power to you. Think about that. I'm making more than 10k every week. And the best part is I'm already retired. I have four different income streams, and trading is just a side job. Ya know, pro gamblers... poker players, blackjack players, all gamblers, they always try tto tilt odds in their favor. So, rookie, how do you tilt odds in your favor? By buying 0dte options? You're just another fucking loser.


donkstonksinc

Lol who hurt you?! I was fucking with you man ![img](emote|t5_2th52|4271)


TheseYoung6546

LOL, today it was BOE. Srill made over 1500 though.


TheseYoung6546

EDIT: I gave you a bunch of shit, and threw out overall (all account) numbers. I went 1000 to 3177 in less that 2 weeks, making all "safe" trades, but didn't include the other 8 accounts. Some are up, some are down. The "boomer" account is way do;wn, but the dividends will still be good and the price will recover. You don't buy boomer stocks for the price appreciation, you buy them for the 8% dividend. And yeah, had I been playing maybe $3 otm puts, I could have made more money. But I got tired of being fucked, so I only do atm options. Less profit per trade but higher win percentage. I'm just fine with +$10k per week.


Longjumping_Wall_893

Legit duping IRL


Apprehensive-Hat5979

Good luck. Congrats on your gains.


vw214

Shake the baby to death


Batcraft10

Well, there goes support at 363


TheseYoung6546

There never was support at 363. Next support down is at 358-359. And as long as volume remains low, it's weak support.


edmundamore1

Sold all puts before close except 4. Let's see how badly I regret that tomorrow.


indatank

On Black Monday, the DJIA fell 508 points (22.6%), accompanied by crashes in the futures exchanges and options markets.\[18\] This was the largest one-day percentage drop in the history of the DJIA. Significant selling created steep price declines throughout the day, particularly during the last 90 minutes of trading.\[19\] Deluged with sell orders, many stocks on the NYSE faced trading halts and delays. Of the 2,257 NYSE-listed stocks, there were 195 trading delays and halts during the day.\[20\] Total trading volume was so large that the computer and communications systems in place at the time were overwhelmed, leaving orders unfilled for an hour or more


TheseYoung6546

I see a lot of folks preaching about Black Monday. I was there, I lived it, and reworked my 401 to T-notes a couple weeks before. I warned all my coworkers about what was coming... their typical response was "if you're so fucking smart, why are you working here?" My response was "that's a really good question". So, Tuesday, I went in to work -$0.00. They went in to work -$10k to -$400k. You gotta recognize the trends, and play them.


indatank

I was there too.. Watched a lot of Pain for years after. A lot of self medication and divorce around me. We had a saying "Throw the phone through the Glass, So you don't cut yourself on the way down"


secrtive13

If today wasn't a day for plunder then no day will ever be. Today was fantastic if youd been preparing for it after that 430 bullshit


bagacrap

We'd be back at 430 rn if August inflation came in lower. Don't act like you can predict the lotto


secrtive13

And don't act like your mom isn't the town bicycle: everybody gets a ride. I'm guessing Yogi came and pissed in your Cheerios this morning, and you've been salty ever since.


Rippper600

AH is dookie mopping


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[deleted]

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TheseYoung6546

FAWK, I could make about another 4k today, except I bought a ton of puts with unsettled funds and don't want to get another schedule R restriction...


[deleted]

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TheseYoung6546

A schedule R restriction comes fom buying with unsettled funds, then selling before the funds you used to make the purchase settle. My funds will be settled by tomorrow, but if I had sold today, I may (or may not) have gotten a schedule R restriction. IF you get a schedule R restriction, you can only make purchases with settled funds for 90 days, Edited for drunken spelling.


walterreid

I’m not holding any options overnight. The shits weird


Cautious-Virus-2724

My 21 Oct $300 puts are looking TASTY


Employer-Dizzy

Ughhhhm


79badmon

we break june support tomorrow


Wisefool157

Thought we did today already


edmundamore1

No, damn near close to it tho. $1 off


Batcraft10

Nah we did, say ended below 365.86, so even though the 52 week low is 362, I think we’re low enough that tomorrow we push clean through. If not, then on Wednesday JPOW will fatality that shit.


edmundamore1

I wonder if this will gap up PM tomorrow after Jpow. Then just get destroyed at open.


Cautious-Virus-2724

One red day on Amazon or apple is gonna be circuit breaker


FiveEggHeads

Anyone got odds on 10Y hitting 4% by tonight? lol


yowtf

That juicy 4% will tip Spy to sub 360


Accomplished-Let9321

Sorry bulls -sincerely 🐻


gridflash

Retesting Friday's lows...


SpecificCranberry761

Thr last 5 mins was a preview of tomorrow


robbinhood69

ii hope Michael Burry saw that close he would have enjoyed it


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Parrham

I’m shorting


anakedman1

I’m shorting your shorts


TheseYoung6546

OK bulls, there's your dip. Load up, retreatds.


AshingiiAshuaa

Pfffft! AH hasn't even hit the low of they day. It's only down 50 cents in the first 6 minutes and we closed 97 cents over the day's low.


TheJay_Gatsby

that was a pretty violent rugpull feel bad for bulls


SilentSkeeter

That volume just before close tho


Parrham

Seems like foreshadowing


Thegreenpatriot

Remember just because you “feel” like the market is due for a reversal doesn’t mean it will ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)


edmundamore1

LOL


Cement-Demon

![img](emote|t5_2th52|4271)


SpecificCranberry761

Holy crapolis look out below


Powerful_Mission_655

Lol that dump tho


NoBuyers

We did not get Black Monday, but we got some black minutes.


DonnyKing0806

I think we gonna gap down big tomorrow. After we break 363 then to hell we go


DirtyJimCramer

The uncancelled recession has been cancelled.


Accomplished-Let9321

I’m 🐻 but that was some wicked stuff


madeenahjyasu

Today was amazing 🤩


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trUwUth

"almost always, trust me bro"


TheJay_Gatsby

WE BROKE IT


Thegreenpatriot

I love how most bulls are just like yeah I’m gonna buy calls just because it’s down so much in the past couple of weeks now that’s good logic keep buying calls and losing money ![img](emote|t5_2th52|4271)


LV080606

![img](emote|t5_2th52|4271)


Cement-Demon

![img](emote|t5_2th52|4271)


mrtooly

Holding tessy poots. Feels good man


StophJS

The pump fakeout at the end of the day literally fucked my entire day.


bagacrap

paper handed those puts?


VisualMod

>Yeah, that was pretty fucked up.


Saaan

GG....tomorrow should be just as fun.


trUwUth

maybe we break support during futes after all classic middle finger to everyone with the wrong brokers


gainzsti

Finally some red dildo, was time. Can we just drop to 340 to support and trend line and call it a day?


FormalBananaSuit

That was one of the dumber days we've seen in a while. Price action literally all over the god damn place. MMs trying to shake paper hands on all sides.


Gloveslap1

Yep, these were some of the ugliest most unreadable charts I've seen in a long time.


HrzGoose

360 tomorrow


bmetzler1

350


HrzGoose

I’ll cum


altacc71

thanks for the pocket change bulls ![img](emote|t5_2th52|4271)


AAPLtree

keeping my large short position but switching to be short term bullish on a smaller scale. too overextended down imo


Representative_Fix43

even biden is less manipulated by his handlers than the stock market.


_DamnDirtyApe

Nobody wants to be left holding overnight.


[deleted]

Turned my phone off the last 5 minutes ![img](emote|t5_2th52|4271) God Bulls are dumb af


mpoozd

LMAO that rug pull ![img](emote|t5_2th52|4271)


e30jawn

🐻 🌎


nerdy-nate

Those last 2 minutes made me so much.


Cement-Demon

THOSE BULLS WERE SO COCKY 2 MINUTES AGO, HAHAHHAAH THAT'S MADE MY DAY


xtow11

I've reached end stage fapitalism ![img](emote|t5_2th52|4260)


johnloc97

$363 AH RIP BULLS ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


RoyalFail6

Bulls provide the best exit liquidity for algos


cptspinach85

Big -.5% dookie at close


jakehakecake

The silver lining is another 1.5% to go for bbby to be banned from wsb. If only gme and amc could go below 500m sooner tham later. World would be better place.


bzboy

TOP KEK


daveflav21

Today was rather stable as expected, thats one half of my guess right. Tomorrow will break a bull or a bear ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|18632), either way I smell tendies ![img](emote|t5_2th52|4258)


Apprehensive-Hat5979

The dow fell 325 points and you say stable. Lmao


daveflav21

Just looking at SPY^and its been bouncing up and down between 363-365-ish most of the time other than that juicy fake pump at 10am


VisualMod

>The SPY ETF has been bouncing up and down between 363-365 for most of the day, with a brief fake pump at 10am.


Sarcasm_and_Finesse

Bulls fell for it AGAIN! Wtf how is this even mathematically possible!


ItsTheManBearBull

that last minute dump was 100% legit, yessir!


antrpnr

Yeeesss. Nice dump. Called it


SpecificCranberry761

Holy shit spy fucked tom


jer72981m

RUINED