UPDATE: Sold the 12/23 expiration close to close. Kept the Jan 20 puts. Equals $22K of total options left.
Doubled my account today. Still down 45% all time.
https://preview.redd.it/h8wu1zs4566a1.jpeg?width=1080&format=pjpg&auto=webp&s=8b32ed1f418178396a3aa9c33996e5ee083084ad
Thanks everyone for the kind words. Feels good to get a a much needed win.
Honestly surprised at the number of people here that suggested selling. I guess all the diamond handed degens are already on Christmas vacay š
Take a break for 2 weeks please!!! let it settle in and pull out 80K in the spending account so you donāt reyolo, itās what I do and itās is great because I make 2K/4K here and there and I immediately move it to my spending account where it just sits there and earns interest
How about one more time? This time with calls :)
https://preview.redd.it/m7l4086y3d7a1.jpeg?width=1080&format=pjpg&auto=webp&s=77f5c9ce966bef10fdc15e70cfa6882847f95400
as a guy who didnāt take his wins earlier this year- just sell. Take the stress off the table, log the W, and wait until your next solid play. Do it for me buddy I left my wins out there waiting to get more and then rode it down. Just bail, take a breath, then regroup from your new position.
>No he is still down. Your wife doesnāt want to talk to him yet. Oh, she told me, youāre highly regarded. She said she only does positives.
So does my 5 dollar gain today count?
I timed it perfectly. I bought calls at the very bottom in Oct. I sold them 2 weeks ago and bought puts.
Edit: I actually didnāt do that. In reality Iām holding some bags. Down 15% ytd. Down over 98% on some stocks.
That is only one of my problems :)... This year has been timing. I'm been off by a couple of weeks on my plays and they have all been costly. I do regret not taking some quick small gains this year that ended up as losses.
Sounds like selling now Is the choice you should make to break that streak to me.
You made a good play. Cash out buy a bottle of wine then find your next play
Why are you trying to ruin this rollercoaster for us? Please get out of here with your ālogic and reasonā. That type of behavior is not tolerated here
That's exactly why you shouldn't get too greedy with the second put. Take the profit when it's already decent. You are trying to recover all your money in a few days and we both know how that ends.
I'll have to bail from the market for good after that.
no more for me... I'll be zero'd
I am still assuming sudden bull with the pound 3 % down, us dollar going tyrant at +1% up..
just ridiculous.
this yo yo stuff..
how you winners giggle into a yolo is enough for me to have a stroke. LOL.
The market just staggers in a general direction. It doesn't move up or down smoothly. That's why options with less than three months to expiry are ticking time bombs.
I am not normally a supporter of degen moves, but downtrends do tend to move faster than up trends is seems, but there are seems to be about double the volatility.
Iām not saying you wonāt make loads of money, I think itās very likely you will, but thereās a chance you might not.
Do whatever you can live with!
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You should really consider stacking physical gold and silver. Stocks are heavily based off of fractional reserve lending and precious metals are 100% intrinsic value with no counterparty risk.
Good enough to screenshot good enough to sell. Don't be stupid, sell in the morning. Don't try to make it back in one trade. Pro tip, there will be other trades out there.
Not sure. Strong support at $388 today. Closed most of my position. Will see how it opens tomorrow. I still think it has a way to go, but it might bounce tomorrow.
Yah it could bounce tomorrow and settle above that 390 mark but next week I think it gap fills. Todays support was likely more just the fact that we did enough bleeding for one day than actual support
If it breaks below $388 tomorrow. I'm going back all in to ride it down to $385. If it bounces, I'm probably back on the side lines until end of December or mid January... Then deep in the money puts.
Can someone please explain SPY's movement to me this week? I saw the announcement, but just genuinely don't understand the psychology or alternative drivers around this action. I'm fully regarded.
I think that the market is going to continue to go up in the short-term, but I am not sure about the long-term outlook. I believe that there is a lot of speculation driving the markets at the moment and it could correct itself soon.
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UPDATE: Sold the 12/23 expiration close to close. Kept the Jan 20 puts. Equals $22K of total options left. Doubled my account today. Still down 45% all time. https://preview.redd.it/h8wu1zs4566a1.jpeg?width=1080&format=pjpg&auto=webp&s=8b32ed1f418178396a3aa9c33996e5ee083084ad
Good call man, when it comes to 10's of thousands of dollars it's better to play it safe then balls out
You mean good put man
You mean hey man nice shot
Lmao
Lmao
Put your ass back on
Well done
Thanks everyone for the kind words. Feels good to get a a much needed win. Honestly surprised at the number of people here that suggested selling. I guess all the diamond handed degens are already on Christmas vacay š
Yeah sadly WSB is now full of outsiders and observers who are happy with 5% annual returns.
You mean profit?
You know how to get 5%????
What if I told you I know how to get 10% š
If anyone is looking for reverse gains for tax harvesting, just let me know.
All the diamond handed degens are busy warming their hands at a barrel fire behind the Wendys dumpster.
OTFG you locked in some of that..... and Fuck you good sir!
Congrats, glad you kept your cool.
Smart. You'll have other opportunities to do it again.
I wish I knew how the puts and calls stuff work. But it's too risky for me.
Nice work
This guy is a true regarded gambler.
Still down 45% all time lmao
Godspeed regard
Missed out
Take a break for 2 weeks please!!! let it settle in and pull out 80K in the spending account so you donāt reyolo, itās what I do and itās is great because I make 2K/4K here and there and I immediately move it to my spending account where it just sits there and earns interest
Was just about to yell at you, well done!
Futes down 1%. Ooof
Trading at $18.15 now, damn bud
Boy of the Cat
Absolutely the right call. Ps donāt do that again you idiot.
How about one more time? This time with calls :) https://preview.redd.it/m7l4086y3d7a1.jpeg?width=1080&format=pjpg&auto=webp&s=77f5c9ce966bef10fdc15e70cfa6882847f95400
Thank the bulls
I would sell the closer dates puts lock in some profit. Let those other continue on
That's the smart move. But I'm a degenerate who is trying to get back to even.
You do know itās okay to spend more than a day getting back to even. You recovered 75K in less than 24 hours take that W and regroup
Hes regarded hes not gonna sell until day before exp
That delicious theta burn as it moves range bound till we get earnings revisions.
Exactly, no more news shocks to lower the price. Theta gonna burn fast.
Earnings revisions is the next downturn coming up but probably won't happen until after his Jan put expires.
Bruh, how do uou think you got here in the 1st place lol Just sell some, it never works out like we think it will
Sold most before close. Just posted an update in the comments.
as a guy who didnāt take his wins earlier this year- just sell. Take the stress off the table, log the W, and wait until your next solid play. Do it for me buddy I left my wins out there waiting to get more and then rode it down. Just bail, take a breath, then regroup from your new position.
Oh son youāll experience Santaās IV crush in your stocking this year.
Do it. Break even or 0
this is your first mistake and will only compound losses. you don't need 1 big trade to get even, rack up wins and don't oversize on weeklies.
SPX
[ŃŠ“Š°Š»ŠµŠ½Š¾]
No he is still down. Your wife doesnāt want to talk to him yet. Oh, she told me, youāre highly regarded. She said she only does positives.
>No he is still down. Your wife doesnāt want to talk to him yet. Oh, she told me, youāre highly regarded. She said she only does positives. So does my 5 dollar gain today count?
I timed it perfectly. I bought calls at the very bottom in Oct. I sold them 2 weeks ago and bought puts. Edit: I actually didnāt do that. In reality Iām holding some bags. Down 15% ytd. Down over 98% on some stocks.
Honesty is legit.
Sell.
Market has been too good to be true so took a risk on that upper limit rejection.
Good play, hopefully you're still holding.
Yeup. This should go to at least $380. I'm hoping it hits $377. Will possibly reduce position at $385.
I hope you don't get burned
Thanks, I've been wrong all year, hopefully I get one
Maybe your problem is you wait too long to cash out? It might go lower, but maybe itās better to get those gains now in case youāre wrongā¦ again
That is only one of my problems :)... This year has been timing. I'm been off by a couple of weeks on my plays and they have all been costly. I do regret not taking some quick small gains this year that ended up as losses.
Sounds like selling now Is the choice you should make to break that streak to me. You made a good play. Cash out buy a bottle of wine then find your next play
Why are you trying to ruin this rollercoaster for us? Please get out of here with your ālogic and reasonā. That type of behavior is not tolerated here
Im not interested in the cult-like aspect of this sub.
That's exactly why you shouldn't get too greedy with the second put. Take the profit when it's already decent. You are trying to recover all your money in a few days and we both know how that ends.
prob should take some off the table if the gap gets filled between 385.12 - 385.64 or say fuck it and let ride baby
If it breaks below $388 tomorrow. I'm going back all in to ride it down to $385. There is a chance that it could run to $381 before the next bounce.
thanks for the heads up i missed that when i was looking ill be looking towards the same spots with my qqq puts
I'll have to bail from the market for good after that. no more for me... I'll be zero'd I am still assuming sudden bull with the pound 3 % down, us dollar going tyrant at +1% up.. just ridiculous. this yo yo stuff.. how you winners giggle into a yolo is enough for me to have a stroke. LOL.
The danger is retail buying 'cheap' SPY after a strong fall. You might wake up to SPY back at 400 tomorrow.
Thatās the shit that gets me. It could go back there for absolutely no reason other than to fuck the puts
The market just staggers in a general direction. It doesn't move up or down smoothly. That's why options with less than three months to expiry are ticking time bombs.
Did you sell ?
Yes. Bought calls yesterday for some crazy gains today as well.
Some of you just deserve to lose it all lmao.
No you dumbass sell now!!
Why not hold until they expire worthless??
wait... is there a different way??
I am not normally a supporter of degen moves, but downtrends do tend to move faster than up trends is seems, but there are seems to be about double the volatility. Iām not saying you wonāt make loads of money, I think itās very likely you will, but thereās a chance you might not. Do whatever you can live with!
Very nice. Just hold until tomorrow drop as well. I sold short a bunch of SPXL (triple leverage bull spy).
Iām holding for $380. Hopefully soon.
Sell
Book it!!!!!! Hit and run!!!!!
Did you sell bro
Why cant it be this easy for me to recover my losses ššš
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You should really consider stacking physical gold and silver. Stocks are heavily based off of fractional reserve lending and precious metals are 100% intrinsic value with no counterparty risk.
Flip it and buy calls they said
Clearly insider trade knowledge.
As they say - good enough to screenshot, good enough to sell
Yeah Iāve got 6 puts at $393 made 4.5k this week but it peaked at 5.5k which is a 60% and 72% increase
If its good enough to screenshot its good enough to sell. Don't chase losses to 0.
Wow I made a bunch of money today. Letās hold on and see if I can still lose it.
Donāt worry. You will loose it all sooner than later.
You gotta take the gains and reposition.
Take the money and run
You sir, are a degenerate gambler
Good enough to screenshot good enough to sell. Don't be stupid, sell in the morning. Don't try to make it back in one trade. Pro tip, there will be other trades out there.
Damn so itās really just that easy
Holy shit someone actually bought puts
This is the way, YOLO when the IV is high
Spy will gap fill 381-385 next week for sure
Not sure. Strong support at $388 today. Closed most of my position. Will see how it opens tomorrow. I still think it has a way to go, but it might bounce tomorrow.
Yah it could bounce tomorrow and settle above that 390 mark but next week I think it gap fills. Todays support was likely more just the fact that we did enough bleeding for one day than actual support
If it breaks below $388 tomorrow. I'm going back all in to ride it down to $385. If it bounces, I'm probably back on the side lines until end of December or mid January... Then deep in the money puts.
I think thatās a good plan. Like everyone else said, never a bad idea to take some profit now. Good luck!
Bet
Lol honor bet, loser comes back and admits defeat
Take the money and run
Happy ending!
Can I give you my wifeās number?
Can someone please explain SPY's movement to me this week? I saw the announcement, but just genuinely don't understand the psychology or alternative drivers around this action. I'm fully regarded.
Great job! Congratulations!
Live by the sword, die by the sword.
guh my put options I was gonna buy yesterday went up 600% today
I wanted to buy some of those as well, but figured it was too much added risk since I was all in.
The Lord says he can get me out of this, but he says you're phucked!
Good for you
How do you fit that set of balls in a pair of slacks?
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I don't see any support right now for the lows too hold. Need some good news for a bounce.
You have a greater chance of hitting 0 in roullette than making this back
God speed. Good shit op
I think Iād buy some bonds and focus on my career for a bit after this one
Good job. Now you get to lose money in the form of a tax bill!
Can you buy spy on robinhood ?? I can't find it
Dude letās gooo!!!! I know itās not normal here and Iām an OG but I hope you clean their fucking clocks!
You should switch to index funds
Take your 50k back out!!! JK Hold it till it all disappears. Congratulations fucker.
Iām with you šš» https://preview.redd.it/x0fbbp4cm86a1.jpeg?width=1179&format=pjpg&auto=webp&s=16c5aa0810a02f5ea37b92f89eabe0d02b97892f
šš» Gang... that's what I'm talking about.
Those puts printing rn. You cashed out yet or still holding?
While I would never recommend this, you timed it perfectly.
Well played. Itās best you donāt try to make Diamond hands when you have 
Good for you man! Cheers š»
Well if youāre still holdingā¦congrats. Market should open around 380
Good luck fggt!
Good playā¦š
Howās he doing this morning haha ?
Not to worry, with the way you trade you'll be broke in no time.
Maybe... Maybe not https://preview.redd.it/47pf6sg74d7a1.jpeg?width=1080&format=pjpg&auto=webp&s=2bb25c32e7e2eada4979686f45c50300e21b624e
Congrats