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juffury3 t1_iy1f10y wrote

Reply to comment by alanzo123 in PUTS ANYONE? by Stock_Man69420

All I'm saying is that WSB is a shitty barometer to measure retail or trader sentiment. The majority of the posts here don't even show positions. Just some regard perma bear or bull karma farming.

Also, think about your average WSB redditor. More than likely he's an early to mid 20s guy who's a virgin to trading a bear market. Sure, he lived through 2008, but had no skin in the game. This applies to redditors over at r/stocks too. All they know is "stonks go up". In fact, a majority of WSB came in during 2020 during meme stock mania when trillions in stimulus were injected into the economy.

Boomer retail traders with the most $$$ in stonks don't hang out on reddit, lest of all WSB. Are they "trigger happy with put buying" too? Go ask your parents.

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Sensitive-Cold-4956 t1_iy1hatv wrote

It’s like an easy layup in basketball, a man wide open down the field in American Football, or an empty net in soccer/hockey. Sure that’s easy for professionals, but most of us would miss.

What percentage of retail traders have ever bought a put? How many are approved, understand the Greeks, and are willing to go? I’d guess it’s insanely low.

I think most are going to baghold to the bottom and continue to DCA. I’m sure some will move some into cash. But this big measurable rush of retail buying puts, I just don’t see it.

And even those of us who are willing to buy these puts, a lot of us are getting scared bc it’s so obvious… this do the opposite of sentiment narrative, which I generally agree with. But if only a tiny percent of retail is actually going to make an active bet here, the act against sentiment argument loses some steam.

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quesoqueso t1_iy1vjl5 wrote

Shit I am doing both. DCA on my long positions while taking it in the ass and trying to offset some of it with puts at the same time. I'm long and short, so probably highly regarded.

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