Submitted by alexander0789 t3_z7y5pm in wallstreetbets
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VisualMod t1_iy8o66u wrote
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VisualMod t1_iy8o78v wrote
Thank you for your input Alexander0789. I appreciate the detailed analysis of my position in SPY, and it looks like a very good trade that could yield significant returns if things go as expected. That said, even with such potentially lucrative trades on hand, one must always remain aware of market volatility to ensure that they do not take excessive risks or suffer substantial losses should the markets move against them unexpectedly.
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alexander0789 OP t1_iy8oxit wrote
I have the blessing from the oracle. Lfg
telamenais t1_iy8pxuy wrote
Nice I’m in this play too
thatguy201717 t1_iy8vma0 wrote
Nice play wow
Obsidianram t1_iy91jex wrote
Don't be a dumbass and get your $395 Puts stopped out on the ride down with a week and a half left to go like a certain person I know...personally...FFS
YuriBezmenovReturns t1_iy94zru wrote
So set sells for $280?
ORCA_OF_WALLST t1_iy9527a wrote
If it’s going to 320 you should have bought further OTM. I do believe this will pay off though.
alexander0789 OP t1_iy959f3 wrote
Yeah, I struggle with options and theta so I went less risky and just bought ATM puts instead. I know I could have gotten more but if I’m right about the target, it will 6x anyways.
Obsidianram t1_iy95e2m wrote
Definitely, especially after bears ahem pull a train on SPY
alexander0789 OP t1_iy95g6e wrote
Can you say that again in English? Why would I get stopped out?
alexander0789 OP t1_iy95ihw wrote
Thank you 🙏🏼
Obsidianram t1_iy95nsy wrote
Not...you
MetalliTooL t1_iy97knf wrote
RemindMe! 1/10
[deleted] t1_iy97q4s wrote
[removed]
alexander0789 OP t1_iy97qyl wrote
Okay, why did said individual get stopped out
No-Tailor5120 t1_iy97vrb wrote
right there with ya. les do
Obsidianram t1_iy981s8 wrote
Referring to my position
Fun_Cheesecake_8732 t1_iy9cw30 wrote
I want these too. But worried daddy jpow will rally the market on positive indicators tomorrow
[deleted] t1_iy9gjn7 wrote
Such-Combination5046 t1_iy9s1mo wrote
I'm hoping it'll go down to 370 in 2 weeks
coracaodegalinha t1_iya36l2 wrote
Picked up some 389 puts, let's roll
BugTotal6212 t1_iya6goy wrote
Booyea
alexander0789 OP t1_iya8a80 wrote
You had a heart attack from a January date?
renosoner t1_iya8n1j wrote
Nvm am regard. Looked at the purchase date.
timothyjmaxwell t1_iyaevji wrote
I got the same date, a bunch of SPY 390p. Let’s go!
BDboyJ t1_iyalm5h wrote
This is the right thinking OP. Don’t listen to degenerates.
DylanMichaud t1_iyauacs wrote
This is to obvious of a play you will be negative by the end of the month take your money & run when you’re up thousand-2 the money adds up
alexander0789 OP t1_iyaxj0j wrote
So many people are calling for ATH and we are almost at max greed on the fear index. I’m good to hold these bro
SuperBearPut t1_iyazyp6 wrote
Godspeed you big beautiful bear.
You're welcome to sleep in my den any winter you please.
livelearnplay t1_iyb2xcd wrote
The more I see YOLO puts in here, the more I want to play calls just to be a contrarian lol Tomorrow is a coin flip at this point.
iriehueu373736373828 t1_iyb3pm4 wrote
You sir are a warriors storming into battle I am hoping you win but I already opened calls on apple lol
Ermahgerd_Sterks t1_iyb3y06 wrote
This isn’t hitting by January. Not even close. The market is looking for any excuse to rally until year end. This will likely hit by end of Q1 or Q2 but yeah, you should sell and reposition.
alexander0789 OP t1_iyb3z7w wrote
lol not really. It’s been a low volume pump to get to here and you have too many crash signals to continue upward momentum
DylanMichaud t1_iyb6hk7 wrote
As long as you have a plan going in you should be fine going out but I suggest taking when you feel like it or get that gut feeling. Spy will rally to 400+ before you see another drop if you don’t believe me but from my charting I see $400 which means you’ll be 10-30% down before you think about riding that wave down which will happen but after you see some red first!
Powell will get you this week if you can handle the pain you will be rewarded in a few weeks good luck
[deleted] t1_iyb7cmy wrote
[removed]
Alternative-Test-655 t1_iyb7pa5 wrote
What you were doing in june-aug ? Care to share ? What makes you think we go down ?
mil11onorbust1 t1_iybkc3d wrote
it can go up or down or sideways, but fr watch the VIX and this is a good post and position. not a g bear but besides some god almighty santa rally I would have done the same. News is neutral at best and the housing mkt looks like shit, fucking food is expensive as shit, and same with gas. INflAtiON is alive and well. Have some big balls and dont paper hand these, uninstall the app is my advice so you wont have the wild emotional roller coaster day to day. Check back maybe in 1 week increments.
!remindme 3months
Pristine_Finance_320 t1_iyboi3a wrote
Remind me! 5 days
BruiserB0Z t1_iybr8oe wrote
Uncle JP may put a crinkle in that plan.
autoHQ t1_iybt70f wrote
Ah, but since you (wsb) says that it'll rally, that means Jpow will tank it tomorrow and OP will be ok.
Expensive-Patient-90 t1_iybur8j wrote
Just my opinion, but I find that highly unlikely. CPI is on the 13th and FOMC follows shortly after. I think he will continue to play hard on inflation and markets this meeting. Worst thing he could do is be dovish and pump the markets into CPI because if CPI misses we all know what happens
Alternative-Season45 t1_iybyc0j wrote
I don’t think he cares too much of the stock market goes up or down
Alternative-Season45 t1_iybz6z2 wrote
Lmao bro it will not 6x. You really think we’re gonna see spy at 320 in January? Next cpi is gonna be cool again spy is going back to 420 by January and if we do get a crash it’ll be end of q1/q2 next year. !remindme 30 days
CummusStainus t1_iybzehf wrote
Fuckin’ decent
moonmannative t1_iyc6rbb wrote
No balls getting a date in January
Thereisnopurpose12 t1_iych2ct wrote
When is Jay speaking?
Specimen_7 t1_iyci2b9 wrote
What’s funny is the media reported on the meeting last time pretty bullish and markets rallied. But read the actual minutes and it was not bullish at all. Media seems to be in their own world and pulling unfounded conclusions lol
Southern-Situation30 t1_iycjrxw wrote
130pm EST today
Thereisnopurpose12 t1_iycnhhl wrote
Thanks bro
alexander0789 OP t1_iycqn4j wrote
Yes because we can never have long bets in WSB. Only short degenerate plays 🙄🙄
Mean_Performance_875 t1_iyd7a3o wrote
Careful, Xmas rally is the real deal.
alexander0789 OP t1_iydbjm9 wrote
That’s what Cramer called for lol
Mean_Performance_875 t1_iydc0kq wrote
Oh than puts all around!!!
alexander0789 OP t1_iydctt1 wrote
Lol that’s what my wife said
shamwew t1_iydoiq5 wrote
Look into debit spreads, caps profit but turns theta decay in your favor
alexander0789 OP t1_iydp9jb wrote
Yeah, I’ve considered before. Thanks for the heads up.
DylanMichaud t1_iye8eob wrote
Tried to tell you hope you got out bro!!! Post update!!!
alexander0789 OP t1_iye8kuk wrote
Only down 20%, not selling until i see some actual conviction. Meh 😑
MetalliTooL t1_iyek664 wrote
Cool timing, bro.
alexander0789 OP t1_iyeptl3 wrote
Update: so I’m down 10k out of 25k. We will see what tomorrow brings. I knew there would be pain. I didn’t expect it to be that stupid of rally from JPOW but we are still under the YTD decline trend. All the indicators point to this being a bunch of crap.
We will see what tomorrow brings!
shamwew t1_iyfbgey wrote
My brother in christ you are now fighting against the trend out of emotion. I'm not telling you to sell (i would have taken a 10% loss and cut it) but don't fall into the bs that this sub puts out.
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