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cyuvlol OP t1_ixrebl6 wrote

SPY 403P 11/28

29

canon2468 t1_ixrf2e4 wrote

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

increasing_assets t1_ixt6hbr wrote

Agreed, very low volume this week. Think next week will be down

3

bagacrap t1_ixvt4ai wrote

It was always going to be low volume this week. But if the direction were down would you still call it fake?

1

thebinarysystem10 t1_ixvmwfe wrote

I mean, the holiday retail numbers suggest the puts are fucked in the short term.

2

_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

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

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

No-Mud8963 t1_ixroqlt wrote

Regarded. He's done son!

2

The_Adam_Cooper t1_ixrq11s wrote

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

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

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

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

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

DingDong629 t1_ixsvcj5 wrote

If you "hope" they print, then that goes to show you didn't do proper due diligence. You're basically gambling and not making an educated decision.

0

Space-otter666 t1_ixsx20r wrote

Lol due diligence? You don’t belong here bro

7

increasing_assets t1_ixt861x wrote

Untrue. Wsb use to have some sort of unique diligence. Mainly gone now

1

Shakedaddy4x t1_ixuo0su wrote

Where are they now?

1

increasing_assets t1_ixvdafs wrote

When wsb started getting put in the mainstream news, way too many ppl joined this sub and the funny due diligence died

1

Shakedaddy4x t1_ixy29dt wrote

I didn't mean to ask rhetorically, I meant to ask which sub they're on... wish I could find a sub with old school WSB'ers.

1

Advisor_Pretend t1_ixrj3n7 wrote

This is going to fail spectacularly. Rip OP.

7

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

Random_Guy_47 t1_ixrlui2 wrote

That's what you get for using Robinhood.

Get a big boy broker.

16

mikev854 t1_ixs1r8k wrote

Damn that sucks. When it comes to money above day trader status I wouldn’t use robinhood.

2

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

are_videos t1_ixsjlv2 wrote

Next weeks gonna be green thanks to OP

6

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

Waspaloy t1_ixrl7mg wrote

These will print

4

GunsouBono t1_ixrp6zn wrote

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

4

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

Ayoitsjoe t1_ixrseih wrote

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

3

cyuvlol OP t1_ixssti4 wrote

these are with profits from this week trading SPY 0dte

4

Ayoitsjoe t1_ixst42w wrote

For some reason I just feel like you got this.

6

mjkjg2 t1_ixsnpck wrote

this will print

3

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

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2

v4luble t1_ixt3x6b wrote

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

3

10CrackCommandments- t1_ixtaocv wrote

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

3

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

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

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

BearIncarnate t1_iy1e742 wrote

You should be feeling pretty good looking at futures right now

3

VisualMod t1_ixre1i2 wrote

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2

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

drewski2305 t1_ixtnuja wrote

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

ChapterJolly8220 t1_ixt8lht wrote

Breakeven price has nothing to do with profit.

0

drewski2305 t1_ixtnx0e wrote

it absolutely does. he needs SPY to drop below his breakeven for the trade to be profitable

3

ChapterJolly8220 t1_ixtpiwt wrote

I’m sorry what? He’s only down 8% on this trade. It’s only coincidence that his break even is so close. It’s all about what premium you bought it at and the Greeks

2

drewski2305 t1_ixtpzov wrote

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

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

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

Nonbinary_Tea t1_ixtfomm wrote

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

WSBaboon t1_ixslz92 wrote

why so glum?

2

Alatornio t1_ixsufnr wrote

I think wise. Will win.

2

The_Adam_Cooper t1_iy3a7ff wrote

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

2

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

Andyk688 t1_ixstlkw wrote

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

1

New19s t1_ixsy95e wrote

I don't understand any of this shit

1

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

Muro_ami_1 t1_ixtc26t wrote

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

1

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

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

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

No-Cry-1678 t1_iy42epp wrote

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

1