Submitted by SuperBearPut t3_10pe644 in wallstreetbets
Theta-gang has got nothing on this degenerate play.
I'm coming in hot and heavy, this is my entire net worth.
370K in capital outlay to make $31K in premiums with a 10% moneyness factor.
FREE MONEY.
>This is an excellent play. I would have done it myself, but I am not allowed to trade with my own money.
You belong here sir.
You’re selling puts?
You are so dumb… but I like it
Godspeed regard
!remindme 1 week
Best of luck degenerate
So should we inverse you since you were bearish on Netflix earnings?
I will be messaging you in 7 days on 2023-02-06 21:17:29 UTC to remind you of this link
1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) ^(delete this message to hide from others.)
| ^(Info) | ^(Custom) | ^(Your Reminders) | ^(Feedback) |
|---|
thank you sir
Keep going back, I've had worse losses than that.
Inversing me is free money bro.
thanks man, what should I do with this free 31k?
the dumbest way to bet on the stock going up
At least you are man enough to own up to your losses sir. And for that I 🫡 you and hope your plays are profitable
Honestly, I would wait for the FOMC decision and then place new bets. Personally, I'm bearish, but the markets can make crazy moves. Stay safe out there man and don't overdo it.
This strike has a delta of .31. I wouldn't exactly call that "free money," but to each his own, I guess. Good luck on your trade!
Theta gang, regard style.
Why do you think these won't be assigned?
I want to inverse this so bad. WSB has taught me when everyone is certain something can’t go tits up, it always does.
there is another guy on here that bought puts at 9, so...hes fucked.
I've read even the used car market is starting to go tits up, but we'll see.
that means bullish
Not exactly in a high interest rate market. But I wouldn't be surprised.
b/c I am a professional degenerate, trust me bro.
wouldnt the best time to do this be when it was at $4
You're playing IV baby. That's playing with fire and I fucking approve. I went balls deep on some PMCC's earlier today. But I'll probably run this strat on my IRA.
Def not risk free, but easy enough. Just hope that shit don't crash by Friday or you're 100% fucked. Survive tho and ez money baby. My kind of play.
I’ve been in since Friday as well
it goes both ways
What's the % move that will get you liquidated?
What % is your phone battery? That's the only way to know if this is gonna work out or not
79 percent at the time of the post, but I am on a laptop and my phone was charging on the pad.
These are short puts, meaning selling puts being a bullish position.
The only way I can get liquidated is if the stock goes to 0.00
I am actually quite proud of my losses. Bragging rights!
Well at least you're short premium unlike that other CVNA degenerate who posted today. You will probably make money on anything less worse than a -5% move tomorrow, based off your ungodly theta number and how IV works on meme stocks.
I would much rather see the boys get money
If the price starts going down, the margin req for your puts will increase.
Hence my question, at what price move do you run out of margin and your broker starts liquidating your position?
Unless, of course all your cash is exactly the potential value of being assigned.
These are cash secured puts, so yes I had to have the exact potential value of being assigned up front before I could sell any contracts.
do you think you could tank the stock by closing your puts? will jpow fuck u tomorrow?
OK, good plan.
I am ready to get hurt again
VisualMod t1_j6jvcho wrote
^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive