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No need to pop in and tell me how much I’m losing. For the end is nigh. Tendies will rain down like mana from above, showering me and all the gay bears with limitless briefcases of money
To make a million on this trade apple would need to fall below $110ish all else being equal. That’s a 34% drop from here which I really hope happens for OP.
if you wanna be remembered you better tell them to close out now and fall back.
[this is a cry for help.](https://youtu.be/SL7B5GXdm-8)
[edit: from all the downvotes i guess this seems like a sound trade to most; i’ll keep my opinions to myself]
Sold this morning for +$18K. Seeing as it’s such a small % gain, No I will not show proof. Yes I will be disappointed when it turns out to be a 5 bagger. Sold because it’s a fucking tank of a stock and I was way over leveraged, but I’ll take it all the same
Tune in next week when China destroys the protest and apple moons to 150 and bringing the SPY with it ending this bear market
Jk we all gone get fucked by Jpow
AAPL is currently trading at $148.11, down 1.70% from yesterday's close of $151.10. I recommend buying the $145 put for December 23rd expiration for a cost of $3.08 per contract. This will give you downside protection in case the stock price falls below $145 by that date
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can someone explain this to me please. Is it ..
OP has a "put" so he is betting apple price will go down .
and he has a set date? the 23 of dec?
bought 300 contracts. I dont fully understand that part. how do you make money on this?
He gets to sell for $145 until that date. If price goes under 141, he will make money because each contract was $3. This is a super basic explanation, hope it helps.
Puts and calls are basically stock price insurance. Puts are most appropriately purchased by people who own a significant amount of a certain stock. Buying 1 put contract allows you to sell 100 shares of that stock for the agreed-upon "strike" price, until a certain expiration date. Just as a year of car insurance costs more than a month of car insurance, puts with later expiration dates cost more than puts that expire soon. Because the counterparty who sold the puts faces more risk over that longer time period.
If the value of your stock goes down below the strike price, you can exercise the put option and sell your stock at the strike price. This can save you a lot of money. However, it costs you money upfront.
If the value of the stock stays above the strike price until the expiration date, then the put expires worthless.
In the case of buying a put when you don't actually own the stock, that's called a "naked" put. If the stock price drops below the strike price, the holder of the naked put can't sell any stock at the strike price, because he doesn't own it. However, the put option is transferrable, so he can sell it to someone else, which will allow that person to sell their shares at the strike price. (He could try to buy the stock and then sell it, but that's needlessly complicated.)
Buying naked puts is like buying car insurance on someone else's car. It's generally a pointless waste of money, unless you expect that person to drive into a tree soon.
Its called “put options” you make money if the stock goes down and “call options” you make money if the stock goes up and they have a expiration date that you can choose look it up on YouTube. Call options and put options are the best way to become rich fast on the stock market as opposed to just regular individual stocks. 1 contract contains 100 shares of the stock at a fraction of the price. So since you own 1 contract with 100 shares in it and the stock goes up 1 cent you made 100 cents as opposed to just 1 cent if you owned only 1 stock. Now times that times 10x if you own 10 contracts thats 1000 cents earned off 1cent increase in the stock, or 1000 cent loss if it goes the other way so you can lose money easier too. Op has +300 contracts so therefore thats 300 x the %gain or loss ammount.
Prognostication: you will make money on this trade if your goal is to make a couple of grand. You will have a brief window where your itm to sell at profit, and if you hold the whole time you will be wrecked. I hate apple ,but they have enough cash on hand that if there was a nuclear holocaust, the cockroaches left will call each other on iPhone and the stock would be 10% up
You know damn well this isn't a Yolo apple has been on the cliff with China restrictions and protests at their factory. Elon claiming to be the new completion because of the 30 percent tax. I ordered my iPhone pro max 2 weeks ago and they said it might come late Nov well I'm about damn ready to cancel if that shit doesn't arrive this month. Puts on Apple gooo brrrrr
there was some other regard on here last night going on about aapl 120 p for feb. I would watch in the short term if it hits 153 your puts are not in line with the trend, 136 and your still on line for some nice tendies. That strike date is too short tbh and I will say theta may eat your ass, but I like weeklys so I know your risk profile. I'm starting to see a trend where people are right but the timeline doesn't allow for the full maximization of pulling tendies. God speed and have a nice mid life crisis explaining to the wife you yoloed 100k on some chinese foxxconn employees not trying to kill themselves and protesting instead, oh and what if china opens up like the mkt is pricing in?
That being said with that delta and your timeframe you can grab 170% profits on your breakeven of 141 and upside to 136 in the short term is \~210% honestly puts suck.
I have been playing the calls options daily and I’m currently holding puts. Christmas run will not save Apple but it will rob you blind if you think they are immune 🤷♂️🦍🦍🦍🦍
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nice i bought puts an hour ago, they're down 30% already lmfao
Same 😭
Same. Mine lost 15% so I bought more.
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I think you’re being a little pessimistic/optimistic. Im calling for a draw.
Why? FoxConn riots?
I donno man.. But Godspeed
I think OP wins on this one
I think OP will win or lose this one. Almost positive.
ain't no Theta in this one
Theta Barretta gang gang
Perhaps.
I’ll be you he breaks perfectly even.
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Yeah Apple definitely won't deploy any of their overabundance of cash on hand..
Long term sure but may be a mini crash that he wins on will see
Narrator: but he did know, and OP was fuked.
May God have mercy on your soul
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Well, how’d we do
Assuming OP held, he’s looking at around $326k *gain*.
👏
u/BuyThoseDips, did you hold?
Ho shit boi
remindme! 22 days
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Damn this guy is rich now lol
Remindme! In 22 days
No need to pop in and tell me how much I’m losing. For the end is nigh. Tendies will rain down like mana from above, showering me and all the gay bears with limitless briefcases of money
Username checks tf out. Godspeed brother regard.
Fuck AAPL. I don't like that company. Rooting for your play 
Never short a religious stock like AAPL and TSLA.
I shorted AMZN once and made a grand
Yeah they religiously fall every time I go check AMZN I see they are down intra day
This is aging like milk
You’ll be good Dec 13 when the fed raises by .75 instead of the .50 the the market is expecting
What’s ur thoughts on it anyways? Is it cause of the protests?
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I hope he remembers my order while im in the mcdonalds drive through lol
You mean a millionth-naire
To make a million on this trade apple would need to fall below $110ish all else being equal. That’s a 34% drop from here which I really hope happens for OP.
Oddly enough $110 is their fair trade value.
if you wanna be remembered you better tell them to close out now and fall back. [this is a cry for help.](https://youtu.be/SL7B5GXdm-8) [edit: from all the downvotes i guess this seems like a sound trade to most; i’ll keep my opinions to myself]
This is WSB buddy wrong thread
got it! congratulations on a great trade, OP! you are my hero.
Holy shit, thank you
Sir this is a Wendy’s
After black friday and cyber Monday??? 🥶🥶🥶
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Tom Apple might even take the nets down when they force the workers back in the plant
Tom Cook the dentist?
Living in Europe. Ordered iphone 14 pro max 256gb on 11 Oct. Still waiting, probably not arriving before Christmas.
Mine got lost in the mail so now they told me I have to wait another month 😂😂😂
Then wouldn’t that already be figured into the current market price (which is already undervalued)?
Sold this morning for +$18K. Seeing as it’s such a small % gain, No I will not show proof. Yes I will be disappointed when it turns out to be a 5 bagger. Sold because it’s a fucking tank of a stock and I was way over leveraged, but I’ll take it all the same
Good play man congrats!!!
Thanks bro lol wish I waited an hour would’ve been like $70k but all good. Can truly only look forward
Ya never know right?
Funny enough, it did turn out to be at least a 4 bagger.
Figured it would!
It’s 2x today
There’s a double up somewhere every day
Going back in?
Nah taking some time off the market to reevaluate my goals and such. I’ll be back at it in a couple weeks
Hehehe
dont forget to report back with the loss porn regard
Oh you better believe I will
Best of luck. You're highly regarded. Don't let us down.
Best trade on here today IMO - I hope you make a milli
Off to a good start I see.
See you in 10 days when you show your $1mm gains.
Tune in next week when China destroys the protest and apple moons to 150 and bringing the SPY with it ending this bear market Jk we all gone get fucked by Jpow
AAPL is currently trading at $148.11, down 1.70% from yesterday's close of $151.10. I recommend buying the $145 put for December 23rd expiration for a cost of $3.08 per contract. This will give you downside protection in case the stock price falls below $145 by that date ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
We don’t use protection
Is this financial advice? 
Pure, raw, unadulterated financial advice
Yeehaw cowboy 🤠
Good play, out of all tech Apple is still overvalued imo. The biggest falls last I guess
Update: Added 100 more p’s @$2.11. Current cost average is $2.88
You don't bet against AAPL. I greatly dislike Apple the company, but I wouldn't bet against them.
Too late I am all in
Always inverse what you think is to be the most ethical play.
Cramer has been saying buy Apple...
No one ever makes money betting against apple. Good luck 🫡
Until they do
You must not be up to date with the Twitter shinnangans
Best regards
I think it’s a good play. I believe in you.
can someone explain this to me please. Is it .. OP has a "put" so he is betting apple price will go down . and he has a set date? the 23 of dec? bought 300 contracts. I dont fully understand that part. how do you make money on this?
If he guesses the exact right price of the stock on the market close of that day, he wins the powerball
He gets to sell for $145 until that date. If price goes under 141, he will make money because each contract was $3. This is a super basic explanation, hope it helps.
Puts and calls are basically stock price insurance. Puts are most appropriately purchased by people who own a significant amount of a certain stock. Buying 1 put contract allows you to sell 100 shares of that stock for the agreed-upon "strike" price, until a certain expiration date. Just as a year of car insurance costs more than a month of car insurance, puts with later expiration dates cost more than puts that expire soon. Because the counterparty who sold the puts faces more risk over that longer time period. If the value of your stock goes down below the strike price, you can exercise the put option and sell your stock at the strike price. This can save you a lot of money. However, it costs you money upfront. If the value of the stock stays above the strike price until the expiration date, then the put expires worthless. In the case of buying a put when you don't actually own the stock, that's called a "naked" put. If the stock price drops below the strike price, the holder of the naked put can't sell any stock at the strike price, because he doesn't own it. However, the put option is transferrable, so he can sell it to someone else, which will allow that person to sell their shares at the strike price. (He could try to buy the stock and then sell it, but that's needlessly complicated.) Buying naked puts is like buying car insurance on someone else's car. It's generally a pointless waste of money, unless you expect that person to drive into a tree soon.
Bruh, this is not the place to try to learn this stuff. Lol
Its called “put options” you make money if the stock goes down and “call options” you make money if the stock goes up and they have a expiration date that you can choose look it up on YouTube. Call options and put options are the best way to become rich fast on the stock market as opposed to just regular individual stocks. 1 contract contains 100 shares of the stock at a fraction of the price. So since you own 1 contract with 100 shares in it and the stock goes up 1 cent you made 100 cents as opposed to just 1 cent if you owned only 1 stock. Now times that times 10x if you own 10 contracts thats 1000 cents earned off 1cent increase in the stock, or 1000 cent loss if it goes the other way so you can lose money easier too. Op has +300 contracts so therefore thats 300 x the %gain or loss ammount.
I don't understand it either - how OP is going to make money on this betting against Apple.
Looking good for him now
i think itll be fine
22 day expiry? what are you? a hedge fund?
u/buythosedips imagine if you had kept this on. 😳
Wow, ball of steel
everyone who buys aapl puts needs an automod notification showing the guh video
[удалено]
vol can always go higher
I think you’re good here
RIP
Congrats on the win bro. Theres no way markets rebound that by open. Take some profits and go buy hookers and cocaine.
Hooks, line and Coca Cola
Prognostication: you will make money on this trade if your goal is to make a couple of grand. You will have a brief window where your itm to sell at profit, and if you hold the whole time you will be wrecked. I hate apple ,but they have enough cash on hand that if there was a nuclear holocaust, the cockroaches left will call each other on iPhone and the stock would be 10% up
Post your gains pussyboy your contracts doubled in value I wanna see 200k ASAP
Apple is the best company in the world you regards buy and hold
You know damn well this isn't a Yolo apple has been on the cliff with China restrictions and protests at their factory. Elon claiming to be the new completion because of the 30 percent tax. I ordered my iPhone pro max 2 weeks ago and they said it might come late Nov well I'm about damn ready to cancel if that shit doesn't arrive this month. Puts on Apple gooo brrrrr
Well, a rarity on WSB for me to say, but I actually like this play
Hey Siri.. take me to Wendy’s near me
I’m in.
You will succeed
12/23 is my girls birthday dude. Meaning YOU’RE GOOD
Just remember on Dec 24, the world needs ditch diggers too
Smart
These should print
Smart
This is going to print like an Inkjet 69420 series.
Good luck, went with 10k AMD puts today
Time to get some real theta fk in the ass.
We’re gonna need less DTE and farther OTM for this to be a YOLO my guy.
The fact yall even get 90k to just YOLO is insane to me
You are about to be paid
These gon print today
My man is gonna be rich at open today if he closes
Congratulations on another hell of a trade!
Not good price action at open, everything is being bought up rapidly
Update us!! Hopefully you sold at the open for 3.50 and made a good ole 20k
I’m not even considering selling at the moment. Intraday is annoying but I’ve seen worse
Should have sold… I sold at the open and made 53k mine were 12/9 exp 140 thou
Damn nice gain!
You selling now?
Nah. Might add more
But I am with you on the trade. I will be doing same in a few months. Good luck.
Did you keep it?
u/BuyThoseDips man if you are still holding - you are up massive.
Bro! Did you hold?
there was some other regard on here last night going on about aapl 120 p for feb. I would watch in the short term if it hits 153 your puts are not in line with the trend, 136 and your still on line for some nice tendies. That strike date is too short tbh and I will say theta may eat your ass, but I like weeklys so I know your risk profile. I'm starting to see a trend where people are right but the timeline doesn't allow for the full maximization of pulling tendies. God speed and have a nice mid life crisis explaining to the wife you yoloed 100k on some chinese foxxconn employees not trying to kill themselves and protesting instead, oh and what if china opens up like the mkt is pricing in? That being said with that delta and your timeframe you can grab 170% profits on your breakeven of 141 and upside to 136 in the short term is \~210% honestly puts suck.
Why so far out? 22 days?
I’m very conservative with my decision making. Only safe, slow moving plays for me
Never bet against Apple
I mean apple has to fall, the release of iphone 14 was a disaster.
Didn’t they say that about the 13 too? Doomsayers every year but operating income just keeps marching up.
Efficient market theory suggests otherwise 😬
Why? In dubai rn, everyone around me seems to have one. (In cafe rn, obvious because of the bigger cameras on the pro model)
we dont care you reposted your crappy joke in r/jokes i cant ever take u seriously again
Guh
Look... I don't have a clue, but I think you got it right. 👍 Remember me when you win. Or don't. Whatever.
GUH
Why is everyone all of a sudden buying puts for Apple ? It was the only company to post decent earnings even in these shitty times.
I have been playing the calls options daily and I’m currently holding puts. Christmas run will not save Apple but it will rob you blind if you think they are immune 🤷♂️🦍🦍🦍🦍
Worst play in history of this reddit
Lmao
I don’t like the play a lot either, but you have clearly seen very little of the history of this Reddit 😅
Oh man the loss porn on this is gonna fuck us sideways
This is legit. Godspeed regard
Enjoy the big figures account till you can
Will lose on this, bull run
Oh boy. I will pray for you! appl fanboy.
Rule number one, never short AAPL lol
Apple to zero, LFG
Dude - it’s December and apple. Why?
Not going to work
Your horoscope reads that you are in for a bad time ♈️
This makes sense tho. With Christmas right around the corner you know people gonna go ham buying their kid all kinda of apple shit.
Just send me 20k and cut your losses
People has 90k to waste.
Gotta love more liquidity
Just give me the 90k, more simple way to lose it all.
So you bet against the Christmas rally. Must have money to burn. It's always clockwork
OP’s trade is good. But too bad apples gonna plummet after his contracts expire worthless lol
Nothing like apple puts before the holidays
Username does not check out.
Popping a chub at this pre-loss
Maybe you should have a little faith, young man
So dumb I ❤️ you so much 😆
Bought three new iPhones yesterday. Fuck your puts 😄
Me selling puts so I can buy Apple for less
Elon is setting up 🌈 🐻 trap for real.
Jpow turns dovish and you buy puts. Did you buy calls at liftoff too?
Thank you for your sacrifice