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VisualMod t1_ixre1i2 wrote

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2

VisualMod t1_ixre24o wrote

>It looks like your position in SPY puts is down 8.81% since you purchased them. I'm not sure if there's much chance of a rebound given the current market conditions, so you might want to consider cutting your losses and selling now.

12

cyuvlol OP t1_ixrebl6 wrote

SPY 403P 11/28

29

canon2468 t1_ixrf2e4 wrote

Replying to cyuvlol (#671,223)

Hopefully those print on Monday when all the real traders come back from vacation Monday and flush this fake holiday no volume rally! I'm in next Friday's SPX puts. Let's go!!!

43

myhoodfivetimes t1_ixri9x0 wrote

Why such a short fuse. Right direction, but that’s not even enough time for JP to lay it down

87

goonievader t1_ixrj5wu wrote

Maybe Monday it will open down? You never know. I almost never hold spy options over the weekend.

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Gary6587 t1_ixrk0lo wrote

Good luck brother!! Hope you get your tendies

5

cyuvlol OP t1_ixrkntb wrote

couldn’t get the order to fill with robinhood glitching near 1 pm closing, so i’m forced to hold

6

Undeniably_the_worst t1_ixrmali wrote

Good luck. I bought 0DTE today on SPY and the darn thing didn't move an inch. Maybe you'll catch the drop Monday. Enjoy the weekend, not much you can do now.

8

ReposadoAmiGusto t1_ixrmbdz wrote

Yea we fooked!! I also have 28th. I’d need the most epic of black mondays to save my ass lol

6

Space-otter666 t1_ixrnepq wrote

Option sellers laughing in joy now . But you never know I got put options 2 weeks out hope they print . I am already down like 55%

8

The_Adam_Cooper t1_ixrnvav wrote

I wouldn't write it off just yet. Your breakeven is like -.25% in a market that has had several +/- 1% swings in the past couple weeks. You'll look like a genius if SPY falls below 400 and incredibly regarded if it shakes the theta tree.

20

GunsouBono t1_ixrp6zn wrote

I like the direction from the daily moving averages, but give more time for these to play.

4

The_Adam_Cooper t1_ixrq11s wrote

Replying to No-Mud8963 (#672,452)

Either way it's a highly regarded play. 1DTE OTM options is definitely not the Warren Buffet move; I'm just helping OP mine for some hopium ore to finish smelting his +1 Chestplate of YOLO.

9

Cookie_Luciano t1_ixrr464 wrote

I thought my Dec. 2nd puts were donezo... these are cooked mate, but regardless may the Tendie Town Gods be in your favor come Monday morning. img

3

_Hard_Candy_ t1_ixrrl5p wrote

youll bank hard on this. mark this post. sincere good luck ✌️

edit: AAPL and china will drag the market down monday-tuesday. conpletely out of $ to play it myself

27

Ayoitsjoe t1_ixrseih wrote

Good luck you crazy bastard. Is a throwaway or your life savings?

3

EXTRO_INTRO_VERTED t1_ixs040u wrote

There will absolutely be profit taking Monday morning. SPY ran up $7 this week on complete bullshit volume. We may not hit $395 but I don’t see how we don’t dip to at least $399

26

T1m3Wizard t1_ixs8ylg wrote

Why does it have to drop so much to break even? Shouldn't you be in profit the moment it hits 403 and below?

2

kinkysextbrook t1_ixscoat wrote

They will probably print but you’re a dumbass

2

felipe_osby t1_ixsd978 wrote

You can always roll your options

2

Zmemestonk t1_ixsfo3z wrote

Why didn’t you roll forward

2

S-U_2 t1_ixsg5aq wrote

As someone still learning options. I wonder if buying a straddle at the strike price would be a bit safer when you're dealing with a (currently) light fluctuating stock/etf and selecting a very short expectation date?

2

are_videos t1_ixsjlv2 wrote

Next weeks gonna be green thanks to OP

6

mjkjg2 t1_ixsnpck wrote

this will print

3

thelundyy t1_ixssjl1 wrote

Now THIS is the shit I wanna see on here. A true YOLO. Let's fucking go bro, good luck!

18

noahdowa t1_ixssvnv wrote

Honestly I think this will workout fine. Wish I had the capital to do that lmao 😂 but I would want at least till Friday

5

Andyk688 t1_ixstlkw wrote

Almost did the same thing yesterday with 7k. Will be watching to see how it plays! Good luck !

1

Alatornio t1_ixsufnr wrote

I think wise. Will win.

2

New19s t1_ixsy95e wrote

I don't understand any of this shit

1

ZoggyBiscuits t1_ixsypdh wrote

These will print biggie. I would have the sell button ready for when a quick dip comes.

This is not financial advice.

3

v4luble t1_ixt3x6b wrote

Hope these print for you. God damn you are intense.

3

PressuringPeace t1_ixt9fyc wrote

Marking this so I can come back Monday morning 😅

1

Mpcars t1_ixta0bl wrote

You prob worked a long time for that. Now you will watch it go to smithereens.

1

10CrackCommandments- t1_ixtaocv wrote

Theta might kill you. If we open flat will probably be down another 20%

3

Muro_ami_1 t1_ixtc26t wrote

Dude congrats next week. Trying to buy ealier but realise that market close earlier

1

schbloimps t1_ixtdyav wrote

Why not sell puts against your existing long puts? You could sell 395's and still get a decent chunk of change.

3

Nonbinary_Tea t1_ixtfbml wrote

Crystal Ball says it'll be red Monday. Almost half of the week was green for no apparent reason. I'm up 100% on psny there's definitely a profit taking coming Monday

3

Nonbinary_Tea t1_ixtfomm wrote

Replying to S-U_2 (#675,679)

Iron condors are built for what you just generally described. However these are bets and high risk high reward which are highly regarded. You wouldn't likely make 5 fig on an ic of spy for that time frame and it wouldn't get as many up votes

1

Rich_Potato_2457 t1_ixtgfv4 wrote

Well, at least you bought it on Robinhood so you only lose on the puts and not on the commission too.

3

Kickboy21 t1_ixtkup9 wrote

I think you have a chance img hopefully these print for you

1

YebelTheRebel t1_ixtlczl wrote

Move the decimal Point to the right one digit and that’s where I’m at 🤷🏻‍♂️🤦🏻‍♂️😭

1

drewski2305 t1_ixtnuja wrote

Replying to T1m3Wizard (#674,800)

because he paid for the puts. $403 put is profitable if SPY drops below that strike, but if pay $1.75 per contract upfront, you have to recoup that loss as well. $403 - $1.75 = $401.25 cost basis, so to breakeven, it must be at or below that price.Say you bought a cheap put for 1 cent contract, but it isn't gonna be at the $403 strike, it would probably be like $350. It is way cheaper cost because it has such a low chance of the stock dropping below the strike

4

uniqueloo t1_ixtpes0 wrote

Damn man I really don’t want to jinx you but these can print. It’s a 50/50 bet tho you little degenerate

3

drewski2305 t1_ixtpzov wrote

Replying to ChapterJolly8220 (#681,111)

his breakeven price is not static. it will not change. that is the price he needs it to be at, or below, to make any money on this trade at expiration. monday morning, if spy dips down, he could sell for a profit as there is still some theta value. at expiration, if spy is over his breakeven price, he will lose money. Strike price - premium paid = breakeven price

2

ChapterJolly8220 t1_ixtrc97 wrote

Replying to drewski2305 (#681,169)

Breakeven is does mean the profit price. My Breakeven on my current trade is 413 (strike 407) but I’m up 5%. It’s all about what the price is AT expiration and if you’re trading options until expiration - you’re doing it wrong

2

airMine t1_ixu5uc3 wrote

I'm also short on DJIA, fingers crossed it's gonna be red Monday 🤞

1

Zabazooo t1_ixu9lw0 wrote

You really bought puts worth that much money just to hold over the weekend? Lol you must love ruining your weekend. Noice

1

9tacos t1_ixubvtv wrote

Day exp 11/28 imgimgimg. I call this trade, the unblinking eye

1

wolfsfl t1_ixuf7ti wrote

God speed you brave warrior 🫡

1

oilpapito t1_ixuguhn wrote

just sell, redo it next week. this happens to me twice weekly. just don’t lose too much bozo. within 5% brokerage wide loss is acceptable if u day trading decently.

1

WendysFryCook t1_ixuyfnx wrote

I love everything about this post. Good luck my friend. I'll see you on the other side

1

SheriffVA t1_ixv2g7h wrote

Take profit on 4000 SPX 3970 absolute bottom on the top of pennant, will 100000% bounce there.

1

nordmys t1_ixv8996 wrote

historically the monday after thanksgiving opens red

1

Patsgio925 t1_ixvc877 wrote

Buy more time next time 👊🏼

1

Odin1367 t1_ixvfiuq wrote

These will be worth either $0 on Monday or they will be worth like 20% more than what you paid for them, pretty regarded move

1

Tob7081 t1_ixw7oxy wrote

SPY to the moon 🙌💎🌑🚀

1

Grimbarbs t1_ixwaizq wrote

how could u not close this out. literally market opens flat and this loses 80% overnight, like? I dont understand

1

KilltheK04 t1_ixwdphe wrote

You probably fucked tbh. Sideways to slightly up

1

sirthisisacasino t1_ixxjb9t wrote

im sure the nearly 20% theta wont fuck you in the ass over the weekend

1

BearIncarnate t1_iy1e742 wrote

You should be feeling pretty good looking at futures right now

3

andyk231 t1_iy1s17f wrote

Still worth 30k, see ya Monday.

1

AlUnserjunior t1_iy1xe2k wrote

you're on the right track, market looks like it wants to sell off. You're break even price is almost in the money. Good luck.

1

iyervikas81 t1_iy28h1l wrote

Looks like you are gonna 2x your money. Gl bro

1

The_Adam_Cooper t1_iy3a7ff wrote

Two hours from now, you'll either be a hero or a broke hero.

2

cyuvlol OP t1_iy3tmu3 wrote

UPDATE: CLOSED POSITION 190 CONTRACTS @3.76

6

No-Cry-1678 t1_iy42epp wrote

I always believed in you. (I have cash app btw)

1

sb4906 t1_iy52r2h wrote

Nice move bro! You could have made even x4 on this one actually, but profit is profit ;-)

2

yazzooClay t1_iy5j9ev wrote

Nice ! That what like a 100k gain?

2