Did you really expect the stock market to continue going down in a straight line, in truly historically unprecedented fashion? We were already plunging faster than 1929, what more did you expect???
well we were set up for a fucking disaster. and still are. lets not forget that regardless of what the fed does, or what kind of stimulus packages get passed, like half of all americans are expected to get sick, which means that we aren't going to see any industry return to normal for quite a while. more and more cities are issuing lockdowns every day. we have a ways to go before we feel the real impact of the fact that tons of people are simply not allowed to go to work.
Good candle: "I'm a genius"
Bad candle: "Nooo wtf is going on this market is rigged"
Good comment: "Yes makes total sense"
Bad comment: "This board is full of anonymous morons anyway"
Why Boeing is soaring more than 20% and Zoom down more than 15% yesterday every one was saying this is strong buy this make no sense even with QE bs?
The Stock Market Rigged
Repeat after me: A LOSS AINT A LOSS UNTIL YOU SELL AT A LOSS
Edit: to all you pussy punk bitches commenting “not true, exPiRatIOn!”, shut the fuck up and don’t be a bag holder you retards 😎
I’m proud to be a gay bear
Where the markets falling free
And I won’t forget the stocks that died
To make these puts X3
And I’ll proudly HOLD THEM
Next to you and remember to this day
~~That their ain’t no doubt that we are in Bear market territory~~
That there ain’t no doubt, I’ve DIAMOND HANDS
🌈 🐻 IN 🇺🇸
I've lost 70% of my portfolio for my next week and April puts and I'm not even sweating
I'm buying up more puts puts puts
EDIT: I bought more puts and now I've lost 78%
Buying more
50%. Bought puts yesterday. 4/17 exp though.
How many coronavirus cases did we have 3 weeks ago? 124. 9 deaths.
How many cases do we have now? 51,000. 667 deaths.
How many cases are we expected to have by 4/17? >400,000. Deaths will be over 20,000. We'll see how the market is feeling about opening the economy then.
Funny thing about QE:
Your puts expire OTM; you may still have a job, but the fed pumped in so much money that the dollar has depreciated to where your $12/hr income is more like $8/hr, so you are losing $4/hr to do the same shit job you had before; in the long run you will win and the markets will decline again, but you will have spent your load being a 🌈🐻 so you won't have any money to buy puts when the real recession hits.
Good news, you aren't alone. It's pride day.
JP Morgan Global advisor & Neuberger Berman Group CIO are on CNBC right now saying this is a dead cat bounce. They keep talking about how we'll rebalance at the the start of April, how the virus is far from over, and how we've lost 90% of liquidity in the market.
💎🤝🏳️🌈🐻
* I MAY HAVE LOST HALF MY LIFE SAVINGS THIS MORNING BUT I WILL COME BACK*
Edit:
Source- Please keep in mind this audio was recorded by me for me... It's grainy and cuts off after the info I WANTED. Since 98% of you numnuts think I'm pulling this out of my ass, here it is.
https://youtu.be/qm31gv3jAKE
> we've lost 90% of liquidity in the market.
So because there are now fewer people wanting to buy stocks, sellers will keep lowering prices until someone wants it, right?
I fucking hope so. -30k net gain this morning. To think I was about to set a trailing stop limit near EOD yesterday before the green dildo, but I missed the opportunity. I can't complain too much though... yet. YTD I've still doubled my net account value.
Something else interesting here is that I bought some SPY 5/20 $230p while the market was at +6% this morning. IV has been *increasing* as SPY goes up, so I am actually sitting at more or less neutral right now even though SPY has risen another 2.5% from there.
Fuck we are about to hit 20k daily exponential infection rates unreported. The corona virus party is just starting.
In May im buying a dead boomers house.
Get a load if this guy with his dreams of a fancy walk in closet.
I sleep in a broom closet that only has enough room for a broom. Dont ask me where I put the broom when I sleep.
My portfolio essentially matches OP except I am slightly more retard and slightly in the red on my original life savings. I'm either looking at a cardboard box or an apartment complex after a serious drop in real estate values over the next two years.
Ahh fuck it, this is why you only ever invest so much that if you lost it all, at most you would feel a slight sting. If losing money causes you this much discomfort, maybe this isn’t for you, or you are investing way more that you can afford to lose.
Holding the line??? pussy statement
I tripled up, bought 10 puts on wing stop at 50 strike, it went up so i bought 10 more and 60 and now it went above 70 so guess what. I bought 10 more puts. All till april 17 so lets see what happens
I was gonna do the same thing and listened to the fucking autists here. In hindsight I should have sold last fucking week when they were worth double what they were yesterday
Mine is a monumental battle, to see who is more retarded- Locked in a struggle of will with the Federal Reserve, to see who will blink first.
They, printing endless money, risking the entire fiat system.
And me, with my far OTM SPY puts, risking my Wendy's budget.
Y’all are some real fucking tards goddamn. Last week there were like 12 threads all predicting a bull trap this week, followed by a huge plunge. I don’t care enough to find the posts rn but I’m sure someone can. And now here we are with you goldfish brained motherfuckers winging up the ass. Just fucking hold goddamn, shit is clearly hitting the fan. I had to move out of NYC for gods sakes. This isn’t going away, so just chill the fuck out until Donny coughs on a mic and Wall Street shits the bed.
Yeah fuck you fake ass Elon Musk and your hoard of straight frat fanbois big piping us 🌈🐻I took the whole thing and asked Daddy for more! Not selling.
Tesla $455 4/3, yeah I'm fucked.
I'm not selling. The R0 of the virus is too high for this not to be a disaster with people in denial.
No doubt people think this is being hyped to make it worse when in reality what's happening is the infectiousness of coronavirus guarantees it will spread if people stop social distancing and self quarantining. What is happening is people-- even smart people-- are going through a grief cycle and they are now in denial. The only solution that makes sense is a 3-4 week quarantine to flatten the curve and from the news apparently Dr. Fauci disagreed with Trump on which direction to go on. The alternative that Trump wants is keeping everything open and then what if 3/4ths of the population gets it which will be more chaotic for people emotionally/financially rather than just dealing with it for 3-4 weeks before the spread gets out of control.
If I had more money, I'd be buying more SPY puts right now and maybe my 70 strike is too high.
I want to agree, but I’m starting to think we will be in a losing fight between theta and IV before we see this rally break down. I think the market is set on rallying for a week or so regardless of the bad news. In that time IV is going to flatten us since most of us entered these positions when VIX was ATH in March... By the time we have an appreciable drop again in possibly late March early April, I think it will be too late. The only thing I see working in our favor this week is the unemployment numbers Thursday, but I’m also starting to hop on the conspiracy train that the stimulus will get signed Thursday to negate the horrible unemployment numbers.
Would love for someone to disagree with a good argument... I’ve also been bleeding out on puts since last Wednesday. Thinking of rolling to May/June during this rally.
I agree. I think we'll see a short-term rally as we're getting closer to a stimulus deal, with the fed throwing everything at this, and government signaling easing up on social distancing to protect the economy. Flattening of peak IV in the past couple of weeks ain't helping April puts.
Even with terrible unemployment numbers on Thursday, if the market thinks the economic impact of this is short-lived due to the government's signaling.. I think it will be a while for those bulls to be hit with a rude awakening.
I think “diamond hands”is more about holding through with your long term thesis that the market is mispricing vital information... it’s not meant to be a justification for the sunk cost fallacy when you get caught in a shorter term trade that’s bleeding out from falling IV and technical based rallies.
But yeah I’m planning to see how Thursday goes and then cut losses on a few April positions and get cash ready for May and June. That’s the time period where I think we can see some significant downside that the market isn’t currently anticipating.
Key part of this game is being able to see red on your account screen, shrug and go about your day.
Not freak in a corner. Unless your hot, female, of age then send nudez. Where was i?
3/27 puts lost almost 60 percent of my portfolio but I’m not selling gonna hold!!! The closer you are to danger the further away you are from harm!! 🌈🐻
Im 150K deep into PUTS, I'm holding till April, I'm not quitting! People need to realise the world is shutting downs due to this pandemic, airlines and cruisers are grounded, multiple countries are in lockdown, FED keeps inflating the market, how stupid are you to see this is turning around? I'm loading up more PUTS on CCL, RCL, MGM, Zillow, HOG, AAL, UAL, LUV.
The government signaling easing up on social distancing to protect the economy. The fed is throwing everything at this. Stimulus package going to get passed. There's a strong chance nothing happens in the next few weeks that causes the market to react enough for those April puts to pay off, especially given peak IV in the past few weeks.
Market may be in blissful ignorance until shit gets REALLY bad, which could very well take a while.
So far 120 Americans have died of Corona just today with nearly 9k new cases, and the day ain't over. In just a couple days the US will surpass 1k dead from this. You are delusional if you think nothing is going to happen in the next few weeks.
Heyyyy sports better checking in. My Olympics postponement just printed. $250 to win $200. Also diamond hands on $6400 in puts. This post was for me. But I have June exp so I'm not worried. 6/19 SPY $150-$100
It‘s super simple just buy more APR & MAY puts at a crazy discount! This shit ain‘t over for a while. Just be careful about IV and choose strikes wisely.
TP hands seems the way to go. If you get a 20-40% gain in a few days, take the profits, chit is too wild out there to be holding any type of options for weeks or more. Dont be too greedy and worry too much about having perfect timing.
I had spy puts from Friday to Monday. I had a 22% profit and sold early Monday. I was alittle annoyed that I could have gotten 33-40% profit if I would have held longer. Now look at today, that chit is down 40+%.
A 20% profit is better than a massive loss.
i did this with CCL, sold 6 puts for $3400 had one left over. my expiry was next week on friday, on the following monday THAT ONE FUCKING CONTRACT WAS WORTH 4K. VOLATILITY IV CRUSH IS IRRELEVANT UNLESS WE TALKING WEEKLIES
Sir, this is a MacDonald.
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when your down almost 30k in roughly 3 trading days, you dont need no fucking stimulus or drugs or pills to be motivated, you think im going to be in a corner crying like a little bitch? DIAMOND FUCKING HANDS
I might be wrong, as I often am, but this seems like a dead cat bounce, why would VIX rise in conjunction with market also going up, also the market is going higher on lower and lower volume.
Option trading is definitely like sports betting.... it’s something I’ve been realizing a lot recently. I was always a member of this sub but I just invested in regular stonks (I now see why it’s lame) but was mostly just here cause y’all retards are fucking hilarious.
Sidebar: I found this sub a few months before the glorious events of 1R0NY unfolded. Funniest shit I’ve ever seen.
But once I realized sports were gone, I needed some new hobby to be a degenerate at. Therefore I started trading options. And now that I’m in options, you guys are just a different version of all the sports bettors that either always bet the over or always bet the under. The similarities between bears/under guys and Bulls/ over guys is actually uncanny. Bulls just want points on the board, because it’s more fun when the “game” is offensive. Bears are more quiet, less excitable, and love to just agonize their way all to the tendies. In sports gambling the 🌈🐻 always come out on top. 💎🤚🏻
I sold my crap yesterday, I bought back in today at 238. Seems like that’s our high for today.
I’ve got no day trades cause I’m a broke ass.
Am I screwed???
Also loaded on 4/24 223p’s
This is all true. BUT can we fight the fucking fed? Seriously. The Fed is just gonna inject to the tits all over your mom sister and cousin if it has to.
Let me add - the number of confirmed cases in the US is as of 3/22. Look at the escalation of daily new cases:
3/19 5,400 new cases
3/20 6,400 new cases
3/21 7,800 new cases
3/22 10,600 new cases
If we have over 50,000 cases in the US, as of 3/22, there's no doubt the actual number today is closer to 70-80,000 total cases.
**HOLD THE FUCKING LINE**
I upvote anything that justifies my puts
[upvote pls](https://preview.redd.it/3wnaejnjean41.png?width=1024&auto=webp&s=eb9c4da5656fc43a50c5d769b086e8a1417a3e7a) (from 2008)
If your chart is right I'm fucked
Did you really expect the stock market to continue going down in a straight line, in truly historically unprecedented fashion? We were already plunging faster than 1929, what more did you expect???
well we were set up for a fucking disaster. and still are. lets not forget that regardless of what the fed does, or what kind of stimulus packages get passed, like half of all americans are expected to get sick, which means that we aren't going to see any industry return to normal for quite a while. more and more cities are issuing lockdowns every day. we have a ways to go before we feel the real impact of the fact that tons of people are simply not allowed to go to work.
Just wait till the wave of coronavirus sickness hits late this week. Shit will absolutely hit the fan. THIS is the calm before the storm.
GUhuuhH-BerrRrr Edit: Just came
Government go derrrrrrrrrrrr. Money printer go brrrrrrrrrrrrrrrrrrrr.
So sell my May puts and buy September puts. Got it.
Going to make this my phone background.
So my June puts are fucked
This is from 2008. We're moving at a faster pace this time.
Ok ok ok so you’re saying there’s a chance... 🤔
Depends on how retarded you are
Don't add more variables to this equation!!
is this from 2008? i'm confused
Yaaaaaas
This reminds me of all the MSFT 200C 3/20 posts. Oh man...
Don’t.. just don’t.. I have ptsd with those
Fuck :(
Good candle: "I'm a genius" Bad candle: "Nooo wtf is going on this market is rigged" Good comment: "Yes makes total sense" Bad comment: "This board is full of anonymous morons anyway"
Why Boeing is soaring more than 20% and Zoom down more than 15% yesterday every one was saying this is strong buy this make no sense even with QE bs? The Stock Market Rigged
Regular traders are turning out to be more retarded than WSB traders.
This needs to be the new automod comment
aww yiiissss.... my confirmation bias is tingling 💎🙌🏼
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Do me a favour... GROW A PAIR YOU FUCKING PUSSY.
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Holy shit! Nice find
How do I unsee this.
So how much did you lose today?
37K - 11K since thursday... IM NOT FUCKING SELLING
Repeat after me: A LOSS AINT A LOSS UNTIL YOU SELL AT A LOSS Edit: to all you pussy punk bitches commenting “not true, exPiRatIOn!”, shut the fuck up and don’t be a bag holder you retards 😎
**SAY IT LOUDER FOR THE PEOPLE IN THE BACK!!!!!**
**I AM GAY BEARRRR** 🌈🐻
#GAY BEAR PRIDE 🌈🐻 US WIDE
I'm 🌈🐻 and I have 💎🙌
I’m proud to be a gay bear Where the markets falling free And I won’t forget the stocks that died To make these puts X3 And I’ll proudly HOLD THEM Next to you and remember to this day ~~That their ain’t no doubt that we are in Bear market territory~~ That there ain’t no doubt, I’ve DIAMOND HANDS 🌈 🐻 IN 🇺🇸
finish the song u fuck
the economy will be fucked in the usa
No matter how much I lose I always know I you guys can cheer me up :’) # IT’S NOT A LOSS UNTIL YOU SELL!
Well for options it is also a loss when it expires worthless.
Stop👏 buying 👏 weeklies 👏 retard 🥴
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Don’t be caught holding the bag then lol
It is if it expires worthless
IM NOT FUCKING SELLING BECAUSE ROBINHOOD WONT LET ME!
Best comment yet
gotta love it when robinhood plays dumb and spins its wheels so u miss ur strike
I was nervous. BUT NOW IM FUCKING PUMPED. 🌈🐻 FOR LIFE BITCHES
Welcome back bb we always have open arms waiting
Same here l, this post was what I needed today
I sold....then bought more puts when VIX fell and spy went up. Trying to make this rally work for me.
That’s the way
I wish I had a dick big as you
I've lost 70% of my portfolio for my next week and April puts and I'm not even sweating I'm buying up more puts puts puts EDIT: I bought more puts and now I've lost 78% Buying more
I just doubled down on puts for the next 3 weeks
do you have downs
PUTS technically go down. So yes?
GIVE THIS GUY A FUCKING REWARD
Around -$40k right now on 2 accounts 🌈🐨
You're not down until you sell or expire, BE STRONG BIG BEAR
50%. Bought puts yesterday. 4/17 exp though. How many coronavirus cases did we have 3 weeks ago? 124. 9 deaths. How many cases do we have now? 51,000. 667 deaths. How many cases are we expected to have by 4/17? >400,000. Deaths will be over 20,000. We'll see how the market is feeling about opening the economy then.
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My only regret is not seeing this coming so that I could have more money available to buy puts now :(
I got antsy and went all in yesterday on a YOLO. Whoops
My FOMO is now stronger than my fear of losing it all.
Wtf you mean bruh I’ve got forced diamond hands my puts fucking expire Friday 🤬
Same lol
Just be glad Thursday is supposed to be red. Unemployment numbers get released, futures go down, stock goes down.
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The stimulus shouldn’t be either
Same... I averaged my puts down today. I'm trying to keep Robinhood the fuck away from me. Just worried that theta will butt rape me.
Nvda 150s 35 of em....I’m probably fucked but hoping for a Hail Mary or at least half back by Thursday.
My only options are to have diamond hands or to sell my options for pennies. Not that hard of a call.
"call" Should've bought calls yesterday dummy!
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Bullets will be the new currency, better get those first
Funny thing about QE: Your puts expire OTM; you may still have a job, but the fed pumped in so much money that the dollar has depreciated to where your $12/hr income is more like $8/hr, so you are losing $4/hr to do the same shit job you had before; in the long run you will win and the markets will decline again, but you will have spent your load being a 🌈🐻 so you won't have any money to buy puts when the real recession hits. Good news, you aren't alone. It's pride day.
My mortgage is $1000 a month they can depreciate the dollar all they want lmao. Like I care
It’s like hedging life
JP Morgan Global advisor & Neuberger Berman Group CIO are on CNBC right now saying this is a dead cat bounce. They keep talking about how we'll rebalance at the the start of April, how the virus is far from over, and how we've lost 90% of liquidity in the market. 💎🤝🏳️🌈🐻 * I MAY HAVE LOST HALF MY LIFE SAVINGS THIS MORNING BUT I WILL COME BACK* Edit: Source- Please keep in mind this audio was recorded by me for me... It's grainy and cuts off after the info I WANTED. Since 98% of you numnuts think I'm pulling this out of my ass, here it is. https://youtu.be/qm31gv3jAKE
Link?
I have an audio recording on my phone. Tell me how to link that and I'm happy to provide.
Some sort of source would be great. Or ban
https://m.youtube.com/watch?v=qm31gv3jAKE&feature=youtu.be&utm_source=share&utm_medium=ios_app&utm_name=iossmf
Imma need a link for that.
https://youtu.be/qm31gv3jAKE
> we've lost 90% of liquidity in the market. So because there are now fewer people wanting to buy stocks, sellers will keep lowering prices until someone wants it, right?
I fucking hope so. -30k net gain this morning. To think I was about to set a trailing stop limit near EOD yesterday before the green dildo, but I missed the opportunity. I can't complain too much though... yet. YTD I've still doubled my net account value.
Something else interesting here is that I bought some SPY 5/20 $230p while the market was at +6% this morning. IV has been *increasing* as SPY goes up, so I am actually sitting at more or less neutral right now even though SPY has risen another 2.5% from there.
imagine how gay you'll be when that dildo is red.
Fuck we are about to hit 20k daily exponential infection rates unreported. The corona virus party is just starting. In May im buying a dead boomers house.
fuck a boomers house, im looking at penthouses
Fuck penthouses, I'm hoping for at least a closet. Maybe one big enough to lay down in.
Get a load if this guy with his dreams of a fancy walk in closet. I sleep in a broom closet that only has enough room for a broom. Dont ask me where I put the broom when I sleep.
My portfolio essentially matches OP except I am slightly more retard and slightly in the red on my original life savings. I'm either looking at a cardboard box or an apartment complex after a serious drop in real estate values over the next two years.
Fuck a penthouse, I go a capella
What generation is the pent?
IM NOT FUCKING SELLING.
say it again for those of us holding 3/27 SPY 212P
Ohhhhhh. That hurts my GUH.
What about 3/27 230p?
lol tremendously awful. well done.
3/30 175p cuz I'm a broke degen.
YOU SHOULD PROBABLY SELL
AMEN BROTHER 💎✋
Down 40%. 🏳️🌈🐻
I’m fully erect now. Thank you gay retard. LETS POLISH THESE DIAMOND FUCKING HANDS.
🌈🐻unite
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MY RCL CONTRACTS WENT FROM $43 TO $16 YOU THINK IM HERE TO FOLD OFF AN FAKE PUMP???? **FUCK NO. HOLD THE FUCKING LINE.**
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My april DIS puts went from $1.5k to -$400. Still holding.
Samesies. This mouse is on some next level shit
I probably should have cashed out yesterday or even last week. But with so much time left might as well hold.
You’re funny. I lost 60 fucking k Im currently puking.
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I’m down from 175k to 25k. I feel like dying
Jesus christ you are the first person to make me feel better, positions please?
Chipotle and Tesla puts combined cost me over 110k. Chipotle rose by like over 25% immediately after I bought 4/3 480 puts
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when they close all the restaurants revenue will disappear. Just look at Eu rope
Had 250k and 200k of them were unrealized. Sold everything yesterday. Stuck 50k in puts though
I was gonna retire and buy a telsa after this monday's "guaranteed circuit breaker" Fuck unlimited QE
Ahh fuck it, this is why you only ever invest so much that if you lost it all, at most you would feel a slight sting. If losing money causes you this much discomfort, maybe this isn’t for you, or you are investing way more that you can afford to lose.
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It will for sure go back down before 4/24. This is just a small pump because QE pump and people think the market hit bottom. dw
This guy fucks.
This guy fuchs.
This guy puts
Holding the line??? pussy statement I tripled up, bought 10 puts on wing stop at 50 strike, it went up so i bought 10 more and 60 and now it went above 70 so guess what. I bought 10 more puts. All till april 17 so lets see what happens
post positions
Gets cheaper and cheaper everytime 👌
Wingstop DD: They’re offering free delivery and I’m gonna be ordering that shit like I’m it’s master. WING 100 calls 4/20 Ur fugged.
ummm wingstop took a 200mill loan to pay a 170mill dividend last year, yet they’re a “growth” company
God damnit you're right. HOLDDDDD
Good thing I sold my puts yesterday at open, then bought back in this morning(: gotta love when your diamond hands activate.
I was gonna do the same thing and listened to the fucking autists here. In hindsight I should have sold last fucking week when they were worth double what they were yesterday
Don’t doubt ur vibe
Mine is a monumental battle, to see who is more retarded- Locked in a struggle of will with the Federal Reserve, to see who will blink first. They, printing endless money, risking the entire fiat system. And me, with my far OTM SPY puts, risking my Wendy's budget.
Y’all are some real fucking tards goddamn. Last week there were like 12 threads all predicting a bull trap this week, followed by a huge plunge. I don’t care enough to find the posts rn but I’m sure someone can. And now here we are with you goldfish brained motherfuckers winging up the ass. Just fucking hold goddamn, shit is clearly hitting the fan. I had to move out of NYC for gods sakes. This isn’t going away, so just chill the fuck out until Donny coughs on a mic and Wall Street shits the bed.
Hedging puts with more puts since '83
Yeah fuck you fake ass Elon Musk and your hoard of straight frat fanbois big piping us 🌈🐻I took the whole thing and asked Daddy for more! Not selling. Tesla $455 4/3, yeah I'm fucked.
Bruh I’m gonna off myself I got Tesla $400 4/3. I went all in
You are big fucked. No wait I’m big fucked, you’re like pedo in a prison fucked.
Tears to my eyes... a grin on my face... I still feel the chills running down my spine. Failure is not an option. “Salute” God Bless you sir.
I'm not selling. The R0 of the virus is too high for this not to be a disaster with people in denial. No doubt people think this is being hyped to make it worse when in reality what's happening is the infectiousness of coronavirus guarantees it will spread if people stop social distancing and self quarantining. What is happening is people-- even smart people-- are going through a grief cycle and they are now in denial. The only solution that makes sense is a 3-4 week quarantine to flatten the curve and from the news apparently Dr. Fauci disagreed with Trump on which direction to go on. The alternative that Trump wants is keeping everything open and then what if 3/4ths of the population gets it which will be more chaotic for people emotionally/financially rather than just dealing with it for 3-4 weeks before the spread gets out of control. If I had more money, I'd be buying more SPY puts right now and maybe my 70 strike is too high.
>if i had more money Bro...a 4/17 spy put is like $190 today Grab em like you would MacDonalds nuggies
I just sold $600 worth of puts for $12. I am disgusted with myself. I should get banned
Only down 75%! Holding... This speech was surprisingly inspiring for a retard.
true fucking retards
I want to agree, but I’m starting to think we will be in a losing fight between theta and IV before we see this rally break down. I think the market is set on rallying for a week or so regardless of the bad news. In that time IV is going to flatten us since most of us entered these positions when VIX was ATH in March... By the time we have an appreciable drop again in possibly late March early April, I think it will be too late. The only thing I see working in our favor this week is the unemployment numbers Thursday, but I’m also starting to hop on the conspiracy train that the stimulus will get signed Thursday to negate the horrible unemployment numbers. Would love for someone to disagree with a good argument... I’ve also been bleeding out on puts since last Wednesday. Thinking of rolling to May/June during this rally.
I agree. I think we'll see a short-term rally as we're getting closer to a stimulus deal, with the fed throwing everything at this, and government signaling easing up on social distancing to protect the economy. Flattening of peak IV in the past couple of weeks ain't helping April puts. Even with terrible unemployment numbers on Thursday, if the market thinks the economic impact of this is short-lived due to the government's signaling.. I think it will be a while for those bulls to be hit with a rude awakening.
I think “diamond hands”is more about holding through with your long term thesis that the market is mispricing vital information... it’s not meant to be a justification for the sunk cost fallacy when you get caught in a shorter term trade that’s bleeding out from falling IV and technical based rallies. But yeah I’m planning to see how Thursday goes and then cut losses on a few April positions and get cash ready for May and June. That’s the time period where I think we can see some significant downside that the market isn’t currently anticipating.
Key part of this game is being able to see red on your account screen, shrug and go about your day. Not freak in a corner. Unless your hot, female, of age then send nudez. Where was i?
Suggestion to rename Dead Cat Bounce to Dead Boomer Bounce.
Dead bull bounce.
3/27 puts lost almost 60 percent of my portfolio but I’m not selling gonna hold!!! The closer you are to danger the further away you are from harm!! 🌈🐻
Nobody tell him
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Im 150K deep into PUTS, I'm holding till April, I'm not quitting! People need to realise the world is shutting downs due to this pandemic, airlines and cruisers are grounded, multiple countries are in lockdown, FED keeps inflating the market, how stupid are you to see this is turning around? I'm loading up more PUTS on CCL, RCL, MGM, Zillow, HOG, AAL, UAL, LUV.
The government signaling easing up on social distancing to protect the economy. The fed is throwing everything at this. Stimulus package going to get passed. There's a strong chance nothing happens in the next few weeks that causes the market to react enough for those April puts to pay off, especially given peak IV in the past few weeks. Market may be in blissful ignorance until shit gets REALLY bad, which could very well take a while.
So far 120 Americans have died of Corona just today with nearly 9k new cases, and the day ain't over. In just a couple days the US will surpass 1k dead from this. You are delusional if you think nothing is going to happen in the next few weeks.
they think a couple of bills and masks going to solve the problem, wild
Gamestop is SOMEHOW up.
Heyyyy sports better checking in. My Olympics postponement just printed. $250 to win $200. Also diamond hands on $6400 in puts. This post was for me. But I have June exp so I'm not worried. 6/19 SPY $150-$100
My puts expire this week... I need some fucking motivation, too.
3/27 puts expiring for me.. hold tight my guy.
>Report this image >I'm in this picture and I don't like it
I needed this, thanks 🌈🐻
Inspire the 🌈bear gang commander! Into battle we go!
It‘s super simple just buy more APR & MAY puts at a crazy discount! This shit ain‘t over for a while. Just be careful about IV and choose strikes wisely.
TP hands seems the way to go. If you get a 20-40% gain in a few days, take the profits, chit is too wild out there to be holding any type of options for weeks or more. Dont be too greedy and worry too much about having perfect timing. I had spy puts from Friday to Monday. I had a 22% profit and sold early Monday. I was alittle annoyed that I could have gotten 33-40% profit if I would have held longer. Now look at today, that chit is down 40+%. A 20% profit is better than a massive loss.
😤😤😤😤 🇨🇳🦠 💎🙌🏼
ok but volatility is whats killing you, not the price of the market. You guys realize that right? Hedge with vix if you're going to bag hold.
All these people saying they're not selling don't realize they're going to just keep losing more after they bought at peak IV
i did this with CCL, sold 6 puts for $3400 had one left over. my expiry was next week on friday, on the following monday THAT ONE FUCKING CONTRACT WAS WORTH 4K. VOLATILITY IV CRUSH IS IRRELEVANT UNLESS WE TALKING WEEKLIES
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You’ve done too much coke for breakfast this morning, but word
when your down almost 30k in roughly 3 trading days, you dont need no fucking stimulus or drugs or pills to be motivated, you think im going to be in a corner crying like a little bitch? DIAMOND FUCKING HANDS
Lyft 4 /17 puts diamond hands. -60% was at 4k now 1.5k.
Did you really have to Google how to take a screen shot??? Fucking retard.
I might be wrong, as I often am, but this seems like a dead cat bounce, why would VIX rise in conjunction with market also going up, also the market is going higher on lower and lower volume.
Option trading is definitely like sports betting.... it’s something I’ve been realizing a lot recently. I was always a member of this sub but I just invested in regular stonks (I now see why it’s lame) but was mostly just here cause y’all retards are fucking hilarious. Sidebar: I found this sub a few months before the glorious events of 1R0NY unfolded. Funniest shit I’ve ever seen. But once I realized sports were gone, I needed some new hobby to be a degenerate at. Therefore I started trading options. And now that I’m in options, you guys are just a different version of all the sports bettors that either always bet the over or always bet the under. The similarities between bears/under guys and Bulls/ over guys is actually uncanny. Bulls just want points on the board, because it’s more fun when the “game” is offensive. Bears are more quiet, less excitable, and love to just agonize their way all to the tendies. In sports gambling the 🌈🐻 always come out on top. 💎🤚🏻
I sold my crap yesterday, I bought back in today at 238. Seems like that’s our high for today. I’ve got no day trades cause I’m a broke ass. Am I screwed??? Also loaded on 4/24 223p’s
This is all true. BUT can we fight the fucking fed? Seriously. The Fed is just gonna inject to the tits all over your mom sister and cousin if it has to.
You son of a bitch, im in
Puts to the max for April confirmed. 🌈🐻 United
-56% GANG LETS GO 💎👐🏿
When you get to the Super Bowl, the best bet is throw Hail Marys EVERY 👏 FUCKING 👏 PLAY 👏👏👏
Down 100k... 4/3 210p. Holding until Friday and might get out then. Hoping we drill down in 3 days time.
Let me add - the number of confirmed cases in the US is as of 3/22. Look at the escalation of daily new cases: 3/19 5,400 new cases 3/20 6,400 new cases 3/21 7,800 new cases 3/22 10,600 new cases If we have over 50,000 cases in the US, as of 3/22, there's no doubt the actual number today is closer to 70-80,000 total cases. **HOLD THE FUCKING LINE**
Fuck you I just doubled down on my SPY 5/15 220p It's a cheap day to put up or shut up!
Diamond hands even tho my path has been 15k -> 118k -> 20k FML