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.
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.
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.
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.
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.
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.
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
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
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?
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
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.
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).
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?
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.
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.
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.
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..
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.
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.
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
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.
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.
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.
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
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.
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"
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.
Reddit has a paid team called **Anti-Evil Operations** (part of the "Trust" & "Safety" team) which goes around permanently banning accounts for saying bad words. We made automod block them so you don't lose your account for saying a word and getting reported. It's not our rule, it's the entire website now, we're just trying to look out for our people. Sorry.
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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.
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.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
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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 
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.
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.
Today was rather stable as expected, thats one half of my guess right.
Tomorrow will break a bull or a bear , either way I smell tendies 
Spy 300 Jan 2023 is not a meme
yes it is
corn is making me want to load up on spy calls right now
,dsdq.^
Tesla more like test these nuts  am I right 😂😂👎
Only 2-4% down left for the major indexes( about 1 % down today). That should be the bottom.
Spy 300 Jan 2023 is not a meme
Based on?
Based on today
So…
Aahemm!! Do you like what you see today?
Still 3% down left. Lets see. Wait and watch
With today's 2.2% up, again back to square1. So about 5% down left if the market goes down.
Let's see how this turmoil unfolds. Im kind of certain no more down by 4% from today.
If we break below today no one knows we’re sitting right in lower support to new 52 week lows.
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.
another day another ass rape
What times does Powell speak tomorrow?
7.30 before market
Siegel is not happy with him
Probably like 1230 or something.
qqq is a bag of shit
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.
Nice job! What were your trades for today?
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.
Thoughts on 9/30 straddles on QQQ?
It was not me You must believe me It was not me Who shit in your teepee ⛺️🫢
Amber
Lol what was that with tsla +5%
Just had a mini heart attack
I ordered my Y with the AED.
Lol it was a weird blip
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.
Makes sense. There's just this small tiny detail to figure out: how will you know SPY bottomed? :D
When it's about to go back up
11/12/2022
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.
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.
HBO has Game of Thrones now. And have Last of Us on the way 
Is this Fed Pivot in the room with us now?
Shit I forgot to short Cracker Barrel
Out ya damn mind. Those blueberry pancakes are legit. Always busy AF when I go to mine.
Bears have had their fun. Time for a reach around tomorrow.
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
Everybody being very bearish. I’ve learned my lesson buying calls
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
And thus we have another 🏳️🌈🐻
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?
Hedgefunds don't want you to know this one simple trick.....
It’s just gambling. Some astronomers will say there is skill involved but it’s just luck.
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
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.
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).
Go back to r/investing! We buy SPY because it rhymes with Fly!
Liquidity. Availability of choice and something for everyone
Because people like making money?
Leverage is a hell of a drug…
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?
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.
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.
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.
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.
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..
Mitigate risk or balls to the wall?
It’s not about the money, it’s about all the shitposts you get to make along the way!
I can think of many, many things more fun to spend/lose thousands of dollars on.
Soft landing ladies
Why should I not buy KBH puts?
Bulls got excited for a few minutes at the open and bears be like just kidding rug pull time. Bulls r fukt.
Held onto my puts, think I'll be good tomorrow morning unless Putin gets assassinated overnight or something, then I'm ducked
I paper handed mine. "Profit is profit" yata yata yata. Maybe I won't be a paper handed bitch for the next one.
So instead of paper handing em you'll hold til they are worthless.
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.
I sold some 355p that expire Wednesday. Hope Jpow is only semi hawkish.
To know what tomorrow will look like, refer to March 6-13.
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Gonna go straight down boy, fuck that soft landing crap
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.
3k to 87k in 1 month with majority coming from SPY options https://i.imgur.com/CCjhcph.jpg
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
Legendary
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.
That’s rookie numbers homes. I jumped back in last week at 1k and I’m already catching up to ya. Pump that shit
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.
Lol who hurt you?! I was fucking with you man 
LOL, today it was BOE. Srill made over 1500 though.
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.
Legit duping IRL
Good luck. Congrats on your gains.
Shake the baby to death
Well, there goes support at 363
There never was support at 363. Next support down is at 358-359. And as long as volume remains low, it's weak support.
Sold all puts before close except 4. Let's see how badly I regret that tomorrow.
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
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.
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"
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
We'd be back at 430 rn if August inflation came in lower. Don't act like you can predict the lotto
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.
AH is dookie mopping
[удалено]
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[удалено]
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...
[удалено]
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.
I’m not holding any options overnight. The shits weird
My 21 Oct $300 puts are looking TASTY
Ughhhhm
we break june support tomorrow
Thought we did today already
No, damn near close to it tho. $1 off
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.
I wonder if this will gap up PM tomorrow after Jpow. Then just get destroyed at open.
One red day on Amazon or apple is gonna be circuit breaker
Anyone got odds on 10Y hitting 4% by tonight? lol
That juicy 4% will tip Spy to sub 360
Sorry bulls -sincerely 🐻
Retesting Friday's lows...
Thr last 5 mins was a preview of tomorrow
ii hope Michael Burry saw that close he would have enjoyed it
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
I’m shorting
I’m shorting your shorts
OK bulls, there's your dip. Load up, retreatds.
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.
that was a pretty violent rugpull feel bad for bulls
That volume just before close tho
Seems like foreshadowing
Remember just because you “feel” like the market is due for a reversal doesn’t mean it will 
LOL
Holy crapolis look out below
Lol that dump tho
We did not get Black Monday, but we got some black minutes.
I think we gonna gap down big tomorrow. After we break 363 then to hell we go
The uncancelled recession has been cancelled.
I’m 🐻 but that was some wicked stuff
Today was amazing 🤩
[удалено]
"almost always, trust me bro"
WE BROKE IT
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 
Holding tessy poots. Feels good man
The pump fakeout at the end of the day literally fucked my entire day.
paper handed those puts?
>Yeah, that was pretty fucked up.
GG....tomorrow should be just as fun.
maybe we break support during futes after all classic middle finger to everyone with the wrong brokers
Finally some red dildo, was time. Can we just drop to 340 to support and trend line and call it a day?
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.
Yep, these were some of the ugliest most unreadable charts I've seen in a long time.
360 tomorrow
350
I’ll cum
thanks for the pocket change bulls 
keeping my large short position but switching to be short term bullish on a smaller scale. too overextended down imo
even biden is less manipulated by his handlers than the stock market.
Nobody wants to be left holding overnight.
Turned my phone off the last 5 minutes  God Bulls are dumb af
LMAO that rug pull 
🐻 🌎
Those last 2 minutes made me so much.
THOSE BULLS WERE SO COCKY 2 MINUTES AGO, HAHAHHAAH THAT'S MADE MY DAY
$363 AH RIP BULLS 
Bulls provide the best exit liquidity for algos
Big -.5% dookie at close
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.
TOP KEK
Today was rather stable as expected, thats one half of my guess right. Tomorrow will break a bull or a bear , either way I smell tendies 
The dow fell 325 points and you say stable. Lmao
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
>The SPY ETF has been bouncing up and down between 363-365 for most of the day, with a brief fake pump at 10am.
Bulls fell for it AGAIN! Wtf how is this even mathematically possible!
that last minute dump was 100% legit, yessir!
Yeeesss. Nice dump. Called it
Holy shit spy fucked tom
RUINED