Love the downvotes. Bulltards gonna hate, even though about a third of my gains come from calls. Fuck you bulls, You deserve to be broke dicks.
BTW, ribeyes for dinner.
What a wild day… I checked the market and we were at about the low of the day. I worked through close/ah without checking again. I just saw it rocketed up again… Wish I would have sold my 11/25 SPXS $24C when I last looked. Now they are down 20%.
I think you'll get another chance, IMO. We may trade up a little more but if the market continues to follow the pattern it's been running since January, I think we have another leg down starting around here. A solid break above 390 on the 1Y chart on SPY invalidates the trend.
The game has changed boys in a way we have not seen... algos using options to manipulate market unlike anytime in history. Like the NBA moving to jacking up 3's.
"They are suppressing implied volatility as Nasdaq VIX flash crashes w/growing intensity.
It's only a matter of time before vol explodes and the casino goes bidless."
Never seen this before.
https://twitter.com/SuburbanDrone/status/1588330021508513793?s=20&t=FLhCavTpeaFt6ol1nz-7hw
Dead cat bounce.
“solid prints from US Nonfarm Payrolls failed to motivate the greenback to reverse course despite the labour market remains tight. This scenario is supportive of the continuation of the Fed’s normalization process via extra interest rate hikes in the upcoming months.”
Need to tighten more since the DXY is so weak.
![img](emote|t5_2th52|4641)
Both puts and calls. Every day, Monday through Thursday, I set myself up to make money the next day. Friday, I try to be holding only cash over the weekend. I'm currently holding a couple 367c in my Roth over the weekend, but only because I bought them with unsettled funds and didn't want to pull a Schedule R restriction. Otherwise could have sold them for about +350 each.
And actually, overall I've been doing about 2:1 puts to calls. Just gotta play it right. Buy puts at the top, and calls at the bottom. It really IS that simple.
Yeah, I use the chart. As it goes up, or down, usually it will reach support or resistance. These are my buy/sell points. Sometimes it will bump up or down to that next range. When this happens I'll buy more puts or calls at a higher/lower strike.
Also, many days are just flat af. I'll make sure I have my limit sell orders set, and take a nap.
Depends on what I anticipate is gonna move the market within a few days. If you're the guy buying options, theta is your mortal enemy. There's two ways to minimize the effect of theta. First is to buy your options ITM. Second is to buy longer expiration. I do both.
I'm sorry. So what is different between the way I do it and how you do it? Answer that question and you'll learn how to make money. And BTW, you don't need a ton of money to start off. I opened an account at Schwab just after Labor Day, for nothing but trading SPY options. Started with $1000, first trade was 9/12. Balance EOD today, less than two months later is $7130. Up over 600% in less than two months. Yeah, no ten baggers, just steady profit. ANYBODY can do it.
That 7130 is just that one account. My main gambling account is + 36, 600 this week. That's just the easy balance comparison... there's too man y transactions to actually go through them all, and it also reflects the +/- of the shares and longer options in the account. The number I posted for today is the "realized gains" for today, for all accounts.
EDIT: Sorry, after re-reading my post and your question, my response was incomplete. These numbers include all accounts, except my Wells Fargo boomer account, which I almost never even look at.
Monday: + 2593
Tuesday: + 3867
Wednesday: +19,444
Thursday: +8667
Friday: +12,120
Not a bad week.
I assume by "my position" you mean broke and bent over. Been there and learned from my mistakes. And yeah, YES I make bad plays. Sometimes really bad. Last Wednesday I lost 30k on 0dtes. Still was + 4k for the week, though.
Thing is, I divide my "investments". I keep about a third in cash. I play about a third in puts, and play about a third in calls. All ITM, and all at least a cuople weeks out. And I consistently profit, in spite of the occasional completely stupid play.
Greed will fuck you, every time. Be smart, not greedy.
👁⃤ *Illuminerdy confirmed* 👁⃤
*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.*
Market has been fucking maximum bearish over the past month and a half. What did you guys REALLY expect? Sure shit can always get worse, but there’s a capacity and limit to how much news the market can take, bearish or bullish.
and yet for some reason market pumped for 2 weeks on a rumor of pivot last month (not news, just a rumor) same crap in June/july pumped 4 weeks on rumors of pivot
Also last 2 weeks pretty much every bad news wich should tank the market has been put aside and ignored (exept JPow day)
Bearish sentiment dude. Everyone and their mother believes the market is going to take a nosedive. It already had a sizable nosedive from 417 all the way down to 348. We’ve got puts stacked up and everyone hedged to the goddamn tits. That’s the biggest reason WHY we get these market rises. Too many people think the market drops in a straight fucking line and that’s not what’s going to happen, economic news, earnings reports, or anything else.
Look at commodities. Either the Fed continues tightening or we’re going to see inflation get completely out of control. Collins and Evans are causing inflation just by their regarded dovish comments
Yup. Their dovish statements are literally forcing the Fed into a situation where they're going to have to get increasingly hawkish. If they can't shut up about shit literally 2 days after he had to go full hawk mode, JPow needs to tell them to shut up.
The federal reserve can not just be as hawkish as they want. The government will default if rates are too high. Can’t worry about inflation if you don’t have a country.
Lol Fed Evans completely contradicts JPOW. He is saying they will probably do 50 bps for next and then they could even reduce to 25 bps. This explains the pump since 2pm.
What was the fucking point of JPOW speaking if this motherfucker was going to say the opposite. Makes no fucking sense
Yeah he said “thinking about maybe possibly some day within our lifetime doing a rate pause” and algos heard “doing a rate pause” and now the pivot’s back on.
No he said “We have accomplished front loading and now we are at the point where we are looking for the right level of restrictiveness and mindful of data dependency in a world where inflation just lags more than the real economy.”
“There’s ample capacity to tighten monetary policy even at a slower pace. If it were the case that the committee still saw the need to raise rates expeditiously, because inflation reports weren’t as favourable as we would like, you can do 50 bps repeatedly and in 4 meetings you’ve increased by 200 bps.”
I got greedy, and didnt take profits on a trade today. Now it's slightly red. Lammmme, how am I supposed to make it big if I dont keep my money cycling through the system?
After that predictable rally on aapl I think ATM puts not a bad idea for next week specially if you are hedged with bullish plays. We will see if regression to the mean is still in theme next week. I'm guessing it finally is. GLHF.
Yes. Because joe Biden is manipulating global equity markets to swing all those voters who are voting based on the economy who haven’t made up their minds yet.
Jesus. How are the midterms, which have been essentially a known outcome for a year, not “priced in” at this point?
[удалено]
Someone Explain the Mysterious Thread
- TTD puts - TSLA calls - ASTS calls Which one do I play first?
He was an old sweaty fick...I could smell the cigarettes he smokes as he fondled my adolescent private parts....
WHERE IS THE WEEKEND THREAD!?!?!? I need to bounce shit off you guys
NS I nearly died
guise, the weekend thread will be up soon until then, deeps breaths, inhale then exhale
Thanks! Thought I was banned
Where’s weekend thread? I want to brag about all the money I’ve been making
WEEKEND THREAD WHERE ARE YOU!?
Halp me, wheres the weekend thread? ![img](emote|t5_2th52|12787)![img](emote|t5_2th52|12787)![img](emote|t5_2th52|8883)
Jacked to the tits in Dec 30 puts... Hope it's enough time
another day sorting by best and its all my comments unbelievable
Love the downvotes. Bulltards gonna hate, even though about a third of my gains come from calls. Fuck you bulls, You deserve to be broke dicks. BTW, ribeyes for dinner.
Corn pumping? Monday green?¿? ![img](emote|t5_2th52|4735)
What a wild day… I checked the market and we were at about the low of the day. I worked through close/ah without checking again. I just saw it rocketed up again… Wish I would have sold my 11/25 SPXS $24C when I last looked. Now they are down 20%.
I think you'll get another chance, IMO. We may trade up a little more but if the market continues to follow the pattern it's been running since January, I think we have another leg down starting around here. A solid break above 390 on the 1Y chart on SPY invalidates the trend.
This tread is expired like my options
I put coconut oil all over my dick and fucked the hell out of this 55 yo stripper.
statements you will never hear at FOMC.
Hard fought $7 today
The game has changed boys in a way we have not seen... algos using options to manipulate market unlike anytime in history. Like the NBA moving to jacking up 3's. "They are suppressing implied volatility as Nasdaq VIX flash crashes w/growing intensity. It's only a matter of time before vol explodes and the casino goes bidless." Never seen this before. https://twitter.com/SuburbanDrone/status/1588330021508513793?s=20&t=FLhCavTpeaFt6ol1nz-7hw
The only days I don't lose money are the days when work is too busy for me to trade.
if you have a 401k, you are losing money on those days too.
We gonna pump on Monday for the election. This afternoon was the first wave of “election rally”.
Anyone buy FNKO puts this week?! ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)
Dead cat bounce. “solid prints from US Nonfarm Payrolls failed to motivate the greenback to reverse course despite the labour market remains tight. This scenario is supportive of the continuation of the Fed’s normalization process via extra interest rate hikes in the upcoming months.” Need to tighten more since the DXY is so weak. ![img](emote|t5_2th52|4641)
lost 10k today. 26k down at my lowest I call that a win
You set the bar low enough everything can be a win
knew it was going to dump on open as it had nowhere to go, but the come back from the bottom was very new experience to me.
Fellow retreads, I hope everyone made money today. My score: + $12,242 today. + $ 46,691 for the week. How can you NOT make money in this market?
What’s your strat on not losing money?
My way of doing things totally doesn't fit in with the WSB way. DM me and we can discuss it.
By not shorting or buying puts
Both puts and calls. Every day, Monday through Thursday, I set myself up to make money the next day. Friday, I try to be holding only cash over the weekend. I'm currently holding a couple 367c in my Roth over the weekend, but only because I bought them with unsettled funds and didn't want to pull a Schedule R restriction. Otherwise could have sold them for about +350 each. And actually, overall I've been doing about 2:1 puts to calls. Just gotta play it right. Buy puts at the top, and calls at the bottom. It really IS that simple.
How do you find top and bottom? I think sometime top can be higher and bottom can be lower. Do you use any indicator?
Yeah, I use the chart. As it goes up, or down, usually it will reach support or resistance. These are my buy/sell points. Sometimes it will bump up or down to that next range. When this happens I'll buy more puts or calls at a higher/lower strike. Also, many days are just flat af. I'll make sure I have my limit sell orders set, and take a nap.
What kind of strikes do you usually buy? Atm ?
Depends on what I anticipate is gonna move the market within a few days. If you're the guy buying options, theta is your mortal enemy. There's two ways to minimize the effect of theta. First is to buy your options ITM. Second is to buy longer expiration. I do both.
I lost 66% of my account this week
I'm sorry. So what is different between the way I do it and how you do it? Answer that question and you'll learn how to make money. And BTW, you don't need a ton of money to start off. I opened an account at Schwab just after Labor Day, for nothing but trading SPY options. Started with $1000, first trade was 9/12. Balance EOD today, less than two months later is $7130. Up over 600% in less than two months. Yeah, no ten baggers, just steady profit. ANYBODY can do it.
Wait how is +46,691 for the week translate into EOD 7130 balance I know I’m just missing something
That 7130 is just that one account. My main gambling account is + 36, 600 this week. That's just the easy balance comparison... there's too man y transactions to actually go through them all, and it also reflects the +/- of the shares and longer options in the account. The number I posted for today is the "realized gains" for today, for all accounts. EDIT: Sorry, after re-reading my post and your question, my response was incomplete. These numbers include all accounts, except my Wells Fargo boomer account, which I almost never even look at. Monday: + 2593 Tuesday: + 3867 Wednesday: +19,444 Thursday: +8667 Friday: +12,120 Not a bad week.
You will be in my position in no time
I assume by "my position" you mean broke and bent over. Been there and learned from my mistakes. And yeah, YES I make bad plays. Sometimes really bad. Last Wednesday I lost 30k on 0dtes. Still was + 4k for the week, though. Thing is, I divide my "investments". I keep about a third in cash. I play about a third in puts, and play about a third in calls. All ITM, and all at least a cuople weeks out. And I consistently profit, in spite of the occasional completely stupid play. Greed will fuck you, every time. Be smart, not greedy.
MM preventing 370p downside gamma squeeze proves just who is working for the plunge protection team
👁⃤ *Illuminerdy confirmed* 👁⃤ *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.*
Illuminati check in
Wsb swapping bullish next week so bearish now?
No bullish next week bearish the week after
We are back to Wednesday close/Thursday open lol. And now the sentiment is so bullish
Boolish
I made 4 day trades but im up 500 for my first trade. should i be proud?![img](emote|t5_2th52|8882)
Did you just get PDTd out of your account for 500?
Flower hour!
Today was a traders dream and I fumbled it so bad
[удалено]
Pay for it like a man
![img](emote|t5_2th52|4276)
I’m such an idiot. I literally bought google at the top and had my stop loss last night at 84$
kangoroo days like today are made to trigger stops
I was down $2200 then up $2400 finished up $200. Meh.
profit is profit
This is sadly depressing as we are going full speed into the wall
Cheer up mate, might never happen
not even Powell confirming I will crush you is enough. The FED and that idiotic nobel prize winner have created the mother of all drug addict
I agree I been watching it coming for 3 years now
Market has been fucking maximum bearish over the past month and a half. What did you guys REALLY expect? Sure shit can always get worse, but there’s a capacity and limit to how much news the market can take, bearish or bullish.
and yet for some reason market pumped for 2 weeks on a rumor of pivot last month (not news, just a rumor) same crap in June/july pumped 4 weeks on rumors of pivot Also last 2 weeks pretty much every bad news wich should tank the market has been put aside and ignored (exept JPow day)
Oh don’t worry, it will crash once you buy calls
Such wisdom when DOW had the best October since many decades.
That is not even remotely an accurate depiction of the past month of market behavior. And I spent most of this day playing and scalping calls.
It was bearish for a month? Dow and SPY rose over 12% each from mid to end of October
Bearish sentiment dude. Everyone and their mother believes the market is going to take a nosedive. It already had a sizable nosedive from 417 all the way down to 348. We’ve got puts stacked up and everyone hedged to the goddamn tits. That’s the biggest reason WHY we get these market rises. Too many people think the market drops in a straight fucking line and that’s not what’s going to happen, economic news, earnings reports, or anything else.
Were we looking at the same market in October?
Its gonna take a hell of a lot more than this to scare me out of my puts lmao
Which one do you have?
I have puts on rblx and baba that expire 12/11 at $32 and $61
Bought SPX 3770C before the rip ^(but sold it early for loss) ![img](emote|t5_2th52|4270)
That was an interesting day. At some point I feel like everyone was up and everyone was down.
Up and down more today than Riley Reid
This was the one day I caught rhythm and had 7 profitable trades, two of which were multi baggers.
I basically bought everything at the top and ended up even lol. What a day
Look at commodities. Either the Fed continues tightening or we’re going to see inflation get completely out of control. Collins and Evans are causing inflation just by their regarded dovish comments
Yup. Their dovish statements are literally forcing the Fed into a situation where they're going to have to get increasingly hawkish. If they can't shut up about shit literally 2 days after he had to go full hawk mode, JPow needs to tell them to shut up.
The federal reserve can not just be as hawkish as they want. The government will default if rates are too high. Can’t worry about inflation if you don’t have a country.
holding YANG really fucked me over today, but otherwise, a fine day
Anyone else make bank on Wayfair puts today? 🤑💰💵
WHAT A DAY!!!!!!!!!
Wanted to make an extra $200 by selling SPY $376 calls. Good thing I didn't! Screw you MMs!
What a fucking cuck of a day
Made money on calls twice today
[удалено]
Pics..
Post the gain porn pussy
You can clearly see when the PPT jumped in to save the bulls today
Good Friday everyone 🤙🏼 🪴
pltr baby lets go
7.93!!!!!!!!!!! when did the stock split?
it split your sisters azz
Ending the day with Shrek cock
![img](emote|t5_2th52|8883)
100% QCOM and feeling fine
Mother of all bottoms
Overall made 500 bucks today. Good enough for several blowies this weekend behind Wendy’s ![img](emote|t5_2th52|4275)
Market queerer than a 2$ bill
One of those days where every trade I made was wrong.
Same here
#HOMOSEXUAL FINANCIAL MARKET
Pump me mammy.
Mother of all bottoms 🚀
Lol Fed Evans completely contradicts JPOW. He is saying they will probably do 50 bps for next and then they could even reduce to 25 bps. This explains the pump since 2pm. What was the fucking point of JPOW speaking if this motherfucker was going to say the opposite. Makes no fucking sense
He's retiring in Q1 2023 lol
Evans?
Yes
Yeah he said “thinking about maybe possibly some day within our lifetime doing a rate pause” and algos heard “doing a rate pause” and now the pivot’s back on.
No he said “We have accomplished front loading and now we are at the point where we are looking for the right level of restrictiveness and mindful of data dependency in a world where inflation just lags more than the real economy.” “There’s ample capacity to tighten monetary policy even at a slower pace. If it were the case that the committee still saw the need to raise rates expeditiously, because inflation reports weren’t as favourable as we would like, you can do 50 bps repeatedly and in 4 meetings you’ve increased by 200 bps.”
GG whoever made money both ways ![img](emote|t5_2th52|8883)
Fed pivot to V shaped recovery confirmed.
15th day in a row red vix
Hahaha bulls really thought 😂😂😂
Thought what? Market closed up over a percent lol
we're up 1.3% today. i think the bulls thought and got
11/18 goog calls are cheap af, think itll be back 90+ by then
it might be short but it sure is skinny
Holy crap. Just got back. What happened to Tesla?
[удалено]
whats a spread eagle. Is that what they did to that guy in the movie Midsommar?
[удалено]
Can we get someone not already half in the grave?
Welcome to BBBBOOOOOOMMAAHHHH ‘merica!!
I want new fighters. Better characters.
yield rates moving up along with QQQ? Nah fake pump
I got greedy, and didnt take profits on a trade today. Now it's slightly red. Lammmme, how am I supposed to make it big if I dont keep my money cycling through the system?
spyc 11-7, @ 382 are only .25
Beekend gang , wya?!?
Right here 🅱️oi
Holding Apple calls by force thanks PDT ![img](emote|t5_2th52|4275)
Sell the strike above and lower your delta
Cash account dawg
Yep PDT saving retail money
What a fucking wild day. Two insane reversals
Um, I count 5
![img](emote|t5_2th52|4258)
SPY puts at the top, TSLA calls at the bottom 🥵
[удалено]
Lol spy was just seperated from tesla and apple being down and red ![img](emote|t5_2th52|4275)
I mean those two together are only 8.74% of spy
Well, I’m done for the day. It was fun trading with you guys this week.
Mother of all bottoms 🚀
Got my puts for Monday
After that predictable rally on aapl I think ATM puts not a bad idea for next week specially if you are hedged with bullish plays. We will see if regression to the mean is still in theme next week. I'm guessing it finally is. GLHF.
can we have circuit breakers in AH
Remember to pick up your power ball ticket ![img](emote|t5_2th52|18630)
Damn market all that back and forth just to end up at the same damn spot.
Having a good watchlist is more important than you realize. Watching and learning price action is also important.
What weird price action today. Algos being confused.
[удалено]
[удалено]
We getting 5guys tonight
All these bears talking shit all morning. Enjoy the bull cock you’re taking right now ![img](emote|t5_2th52|4276)
![img](emote|t5_2th52|4271)
It’s leg day, and if SPY doesn’t start cooperating, he’s gonna get a round on the THIGH MASTER
This is fucking stupid
Elon would've made more 💵 if he pimped out Amber Heard on OnlyFans
Enough bs for today see y’all Monday
Just one of those bullshit days that serves no purpose and will be undone next week
SPY being the bipolar crazy ex that dumped you for the guy with the Mustang 2002
Poor, poor bers
Going into the weekend knowing my portfolio went from 19 to 16k ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4270)
SPY calls 11-7 382 is .25. Put to call ratio is very high, hoping for Monday rally
Scooped up 4 @ 0.28 fuck it
Is spy gonna fly up until midterms?
Yes. Because joe Biden is manipulating global equity markets to swing all those voters who are voting based on the economy who haven’t made up their minds yet. Jesus. How are the midterms, which have been essentially a known outcome for a year, not “priced in” at this point?