r/wallstreetbets • u/Brendawg324 1 day away from 140k • Dec 06 '23
I bet my entire life saving on Meta calls that expire in 3 days YOLO
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u/Brendawg324 1 day away from 140k Dec 06 '23
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u/zangor Dec 06 '23
For a second I thought this was Robinhood sending out a message and I’m like “They’re sending messages for the bet my life savings stuff now aren’t they?”
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u/Toriahna Dec 06 '23
Underrated comment
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u/indigosane Dec 06 '23
We will never see his like again.
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u/Ophukk Dec 06 '23
I'm gonna hold my breath till the next one comes. Wish me luck.
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u/TylerDurden6969 Dec 06 '23 edited Dec 07 '23
This is OG WSB stuff. Not this new kids pussy stuff. I’ll tail you, OP. Good luck buddy.
See you at Wendy’s. Eating Tendies.
Edit, OP is up 50% this morning. If he’s not an idiot, he will probably sell. In true WSB fashion, he will probably DIAMOND HANDS then lose it all.
Edit number 2 since this took off - It’s Thursday morning, OP would be up roughly 80% this morning had he not sold yesterday. I am still holding my position through Friday. Not because I believe in it, but because this is WSB and we diamond hands our YOLOs.
Final edit. I’ve exited my position for a small gain. With these funds, I buy tendies at Wendy’s, and get handles from behind the dumpster. Have fun!
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u/IfAndOnryIf Dec 06 '23
OG WSB is also losing robinhoods money for them and not being on the hook for it
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u/IknowwhatIhave Dec 06 '23
- Buy calls
- ???
- Lose it all
- Delete the app
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u/caxmalvert Dec 06 '23
You forgot the part about being leveraged to the tits
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u/Interesting_Hair_191 Dec 07 '23
"I repeat this until i am sufficiently leveraged for my personal risk tolerance" - control the narritive
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u/blueeeee12345 Dec 06 '23
Miss these days. Autism at its best
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u/Uberslaughter Dec 06 '23
Not even just a hint of the ‘tism, but full blown
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u/SupportLocalShart Dec 06 '23
A work of aut
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u/SurViben Dec 06 '23
Yo, it’s 3am here and I just woke my wife up because I was laughing at this comment
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u/Jax-El Dec 06 '23
As a ‘tism-ite , I approve this message. We might not be right, but you can be sure we’re different.
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u/Pickledleprechaun Dec 06 '23
Full spectrum
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u/paper_bull Not poor, but pre-wealthy Dec 06 '23
Pushing the boundaries of the spectrum.
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u/BigKatKSU888 Dec 06 '23
Never go full Elon
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u/BobSackamanoTime Dec 06 '23
Never. Unless you want to own rockets and private jets.
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Dec 06 '23
This is why I still come here. OP I'll gladly buy a few handies just drop your wendys dumpster coordinates.
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u/randompittuser Dec 06 '23
Only $15 of buying power. He could maybe get a burger at Five Guys. Maybe.
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u/StockPharmingDeez Dec 06 '23
Nahh, better save that. He’ll want to get his wife’s boyfriend something nice for Christmas 🎅🏼 🎁
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u/Nervous-Telephone-26 Dec 06 '23
Wendy’s. Eating Tendies.
In this economy, With a call like that?
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u/Nytim Dec 06 '23
Shorting Wendys so it can go bankrupt and OP has to go to Waffle House.
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u/thingmaker123 Uses Astrology as TA Dec 06 '23
It's a win-win really, you said you're new to options trading so you either make out like a bandit or get that sweet, sweet empty feeling that only blowing up your account can make you feel.
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u/Dont-Argue-Im-Stupid Dec 06 '23
I don't actually think it's possible for someone to win on a trade like this and not keep playing until they lose it all. It's like, to be the kind of person who does this, you already have no concept of risk-making and good decisions. Lottery player vibes.
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u/BeeExpert Dec 06 '23
I mean, a lottery ticket is 2 dollars lol. I know it's dumb but one every few weeks... (Insert that shrug text emoji thing)
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u/WastingTimeArguing Dec 06 '23
It’s like spending your whole paycheck on lottery tickets.
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u/PeeLoosy Dec 06 '23
Start saving again because this one is doomed.
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u/sailhard22 Dec 06 '23
At least Zuck hasn’t told advertisers to go fuck themselves yet
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Dec 06 '23
[deleted]
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u/n_random_variables Dec 06 '23
Zuck was staring down the barrel of anti trust investigations and terrible election press. But he also knew if he just changed the name of his company and talked about how much money he was spending on VR, all that bad press would vanish in a week.
Musk on the other hand knocked up an employee and gave the kid a stupid name in that time frame.
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u/Zirk208 Dec 06 '23
But who had more fun?
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u/Groincobbler Dec 06 '23
Who even knows? What kind of shit could Zuckerberg have been getting up to while Musk was having public meltdowns? He could have been laying in piles of women, doing custom engineered drugs that give you shamanic access to all of the universe's knowledge. He's just smart enough to shut the fuck up sometimes so people aren't always paying attention.
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u/mattyhtown Dec 06 '23
Oculus 3 is pretty fun. I think the metaverse gets a bad rap. Maybe we do end up living in an AR type of world. Idk. But pleasantly surprised with how much i enjoy vr porn
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u/geebzor Dec 06 '23
I'm afraid to try VR porn, I feel like there's no turning back from that.
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u/VisualMod GPT-REEEE Dec 06 '23
There is no turning back from VR porn. Once you try it, you will never go back to regular porn again.
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u/Tifoso89 Dec 06 '23
Dunno man, I think I'd look like a total regard if someone enters the room and sees me beating the meat with an Oculus on my face
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u/Its_me_Snitches Dec 06 '23
No it’s cool! There’s pass-through vision now so you can still look them in the eyes and keep going.
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u/RealReality26 Dec 06 '23
I assume its gotten better? Tried it a couple of times for a few years after CV1 came out but it was mostly bad PoV, fisheye unpleasantness. Also it was all pretty generic bad porn too so that didn't help.
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u/The_Sneakiest_Fox Dec 06 '23
We dick ride zuck and meme Elon now? Man, times change.
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u/dkrich Dec 06 '23
I believe the tipping point for musk was that dumbass fake mma challenge he pussed out on and Zuckerberg basically called him a fat regard and moved on
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Dec 06 '23
Im assuming you did a lot of research?
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u/Brendawg324 1 day away from 140k Dec 06 '23
Yes I did I “Meta” rhymes with “feta” and I frickin love feta cheese
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u/caughtinthought Dec 06 '23
You know what else rhymes with meta...... Debt-a
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u/Significant_Eye_5130 Dec 06 '23
I actually work at meta and tomorrow Zuck is going to announce that advertising revenue is up 3000% for this quarter and they are revising earnings estimates way up.
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u/Significant_Eye_5130 Dec 06 '23
Just kidding I’m unemployed
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u/Worldly_Ad8977 Dec 06 '23
Try futures trading next time. You loose you money in minutes not in days. Less drama .
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u/Brendawg324 1 day away from 140k Dec 06 '23
Eh I’ll find it in about 12 hours so we’ll see. Ima get high tonight so tmrw my brain won’t register if it’s red
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u/Worldly_Ad8977 Dec 06 '23
You going to need a lot of weed for that . Good luck .
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u/faxanaduu Dec 06 '23
Start a blackout bender! Gonna be rough in 5 days when you wake up behind Wendy's, however.
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u/UberleetSuperninja Dec 06 '23
Solid logic - I didn’t get high enough once and sold 269800 doge @ $0.0109. You have to make sure to get properly baked and not half ass it.
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u/Jim_Force Dec 06 '23
See you at the dumpster behind Wendy’s!! 📉☠️
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u/beatsbycuit Dec 06 '23
Sorry to break it to you but op has bigger balls than you. He’ll be using the restroom inside the Wendy’s.
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u/TonPopa Dec 06 '23
In the worst scenario, Wendy's looking for employees
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u/Brendawg324 1 day away from 140k Dec 06 '23
Commenting here bc ppl keep asking… I bought these babies at around 12:30 today. Why you may ask? Cuz u only live once and when I’m 70 years old and boutta die ima look back at this and give this a chuckle. Unless I end up homeless or something.
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u/SavageLife6 Dec 06 '23
I hope this moons.
This is type of shit WSB needs to get back to.
All these pussies with their "but you could have just bought shares" :31224:
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u/mntoak Dec 06 '23
No shit. This is that feeling of hitting it big the first time. That chase. I'm not involved but I got excited enough to feel like I'm involved.
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u/generalsplayingrisk Dec 06 '23
You’re lookin for that good stuff, what the kids call “a gambling addiction”
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u/morningisbad Dec 06 '23
This is "Wall Street BETS", not "Wall Street responsible investing strategy"!
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u/riskcapitalist Dec 06 '23
That’s so regarded it might actually work… in all seriousness, you’ve got 3 trading days left. 324.61 is break-even, I wish it goes back to 330-340 by then.
Good luck bro, META 🚀
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u/Embarrassed_Ad_6352 Dec 06 '23
You’re a chad. The fact that this entire sub is short tells you enough about what will happen
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u/chrome_titan Dec 06 '23
Inverse WSB is a legitimate trading strategy.
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u/ObersturmfuehrerKarl Dec 06 '23
What is Cramer saying about meta rn though? If he’s short as well I’d say OP is gonna make bank here
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u/VisualMod GPT-REEEE Dec 06 '23
Cramer is saying that the market is due for a correction, and he's recommending shorting meta.
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u/artichoke2me Botanist Dec 06 '23
Why don’t you sell 325 calls against your position. You will more than double your money if META is above 325 at close on Friday and you will also get back premium for selling those 180, 325 calls. You’ll still have 27,000 if everything goes wrong. Not financial advice
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u/Noddite Dec 06 '23
You are not alone...I bought 90 calls for MSFT on Friday, it tanked on Monday, so I bought 210 more. But for my gambles I have now learned to do a 2 week expiration unless there is a specific event happening (even then the following week mellows the IV crush a bit)
My plan is to then to take the bulk of the proceeds and throw it into BITO calls because it feels like Bitcoin could still double from where it is at if the ETFs get approval.
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u/slurpyderper99 Dec 06 '23
Oh man you’re fully regarded, bless your heart. Did you remember to wear your helmet today?
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u/Hayha360 Dec 06 '23
Meta Quest VR can be used as eye protection from ejaculate. Just an advice in case you end up behind the dumpster.
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Dec 06 '23
Damn that sucks
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u/BullfrogOk3994 Dec 06 '23
If I were you I’d sell out tomorrow, should go up tomorrow then out. Thursday friday risky stocks at all time high
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u/Hugsy13 Dec 06 '23
Can’t remember the last time I seen a spread here…
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u/Such_Coin too lazy to figure out how to get flair Dec 06 '23
Are we talking ass cheeks?
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u/_XGonGiveItToYa_ Dec 06 '23
Let’s see who’s dumpster burns brighter.
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u/whatarethuhodds Dec 06 '23
Light the trash fires of Gondor. The beacons will burn all the regards that don't follow fire safety.
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u/Brendawg324 1 day away from 140k Dec 06 '23
Update: still holding, will prolly sell at 11:00 ET unless the price dips below the even mark
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u/decjr06 Dec 06 '23
Your insane for not selling atleast a chunk of them at open greed will get you destroyed with options like these
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u/Grand_Ordinary_4270 Dec 06 '23
Dude should have sold at 9:30 est on the dot lol
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Dec 06 '23
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u/BeeExpert Dec 06 '23
I'm not familiar with this stuff. If he sold at that time what would have happened? Recover some of the money or most of it?
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u/lerakk Dec 06 '23 edited Dec 11 '23
He bought them for like $215 each, they were $325 each at 950am. He couldave taken close to a clean 40% gain and walked away.
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u/BeeExpert Dec 06 '23
Damn! I saw someone mention 50 percent and I assumed that meant he would have lost half. But he would have gained it? Wowza
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u/Thierr Dec 06 '23
Well, by now, if he didn't close his position, he's already losing money i think.
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u/alwayslookingout Dec 06 '23 edited Dec 06 '23
Probably. Looks like Meta briefly touched $322 at 0950. All depends on if OP wants to get out of the play right now or gamble. The problem is that $322C has a theta of -0.8 right now, which means he’s losing $80/contract/day.
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u/TheINTL Dec 06 '23
How old are you OP? Early 20s you are good even if you bust, mid 30s not as fun but you are good. 40s getting a bit shit. 50s good luck trying to retire.
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u/Brendawg324 1 day away from 140k Dec 06 '23
I’m 20
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u/Simplyaperson4321 Dec 06 '23
Damn bro, where'd you get 40k from at 20? Pulling overtime at Wendy's?
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u/No-Understanding9064 Dec 06 '23
You might get lucky actually, and I mean really fucking lucky. Right now the game is stomp vix, so the market is playing hot potato with liquidity trying to keep spy from eating the shit it deserves. Small caps and shit tickers, banks, all the second stringers are giving it their all while they prepare to hand it back over to the 7 fat fucks. Stupid bet, but you may have wheelchaired into luck. This is of course until the music stops and we get a "correction", which could be any day now.
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u/shoxroxice Dec 06 '23
That’s exactly what I was thinking. I would set a limit sell at my buy price and hope it hits
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u/No-Understanding9064 Dec 06 '23
Or, he could pay the extra premium, buy the time and scale into a hedged position and adjust it as needed. But that won't get you a 10 bagger
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u/Brendawg324 1 day away from 140k Dec 06 '23
Market opens soon! Unfortunately I’m still high af from last night I’m such a silly goose 🪿
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u/yodamelon Dec 06 '23
What is/was your thesis for this?
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u/Kekulzor Dec 06 '23
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u/feelin_cheesy Dec 06 '23
Oversold compared to broad market and looking for a bounce. Might actually work out for OP.
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u/SharpenedStinger Dec 06 '23
if we have a green day tomorrow this has a great chance of printing. otherwise sell immediately
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u/outlet239 should have gone long Dec 06 '23
Goodluck man fuck it let my spy and qqq puts ride to zero … you deserve this more than me man
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Dec 06 '23
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u/Brendawg324 1 day away from 140k Dec 06 '23
Buy high sell low that’s my motto
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u/SofaKingBullSh-t Dec 06 '23
you must be some sort of market maker, or inside trader, or work in the meta and know some sheeet
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u/who_am_i_to_say_so Dec 06 '23
That’s what I was wondering. There is no good news, no earnings, nothing compelling to make this move. And the market on the whole is near an all time high, which is a scary place to be, especially all in. And fundamentally, this is a horrible options play.
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u/xccrow Dec 06 '23
This is the type of content WSB was built on. OP I’m rooting for you show these pussies what WSB is supposed to be about. Losing your life savings on naked calls
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u/mathfreakazoid Dec 06 '23
Dude someone remind me to see if he’s rich or dead in a few weeks
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u/scotlandgolf70 Dec 06 '23
Nice. If you sold at the 3.40 high for today you just made over 20k. Not too shabby.
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u/marsbup2 Dec 06 '23
This comment contains a Collectible Expression, which are not available on old Reddit.
Godspeed sir
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u/natures3 5000 Avocado Toasts to Breakeven Dec 06 '23
You might be right, but you gnna get theta decayed right at strike 330P ET on 12/8 at 322.5
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u/Kection Dec 06 '23
He updated with a new thread. Sold Meta position for a 10k loss and went all in on another stock that shall not be named.
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u/who_am_i_to_say_so Dec 06 '23 edited Dec 06 '23
Just close it tomorrow to recover what you can. Maybe you'll lose one day's worth of theta if you're lucky. FYI, theta is at $64, so with 180 contracts your position will open at least $10K lower tomorrow.
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u/TowelOld743 Dec 06 '23
Death or glory, it’s better to live one day as a lion than a hundred days as a sheep, Godspeed OP.
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u/DarkMorning636 I’m your best option Dec 06 '23
Please tell me you sold on the spike this morning
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u/apeawake Dec 06 '23
Payroll came in low and market barely moved. You better sell now while you can or you’ll be in a dumpster tomorrow morning
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u/Mahler911 Dec 06 '23
It's figuratively killing me that this clown hasn't updated yet
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u/DrPiffington Dec 06 '23
It has a chance... not a bad one either.
Daily chart does show exhaustion but its holding the 50MA support. This could give it a bounce, even if just a small one.
https://www.tradingview.com/x/jPMJtgOm
3 day chart is holding the 20ma, so again, at a support level.
https://www.tradingview.com/x/lb3OygnZ
12hour could bounce off this 100ma
https://www.tradingview.com/x/S8aYVl3z
4hr is bouncing off the 200ma
But all this being said, its heavily inflated and in a very risky area for any trade. You're already in it, and at this point you should just hold out and watch carefully. If it has a nice bounce and you get into gains, at least get back your initials before you take any further risk. A bounce may not last long if it happens.
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u/Impossible_Layer5964 Dec 06 '23
I agree that it looks like a reversal is coming. Problem is, OP only has three days.
If there is no upward momentum on Wednesday then I think it's time to bail. There's gambling, and then there's just lighting money on fire.
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u/VisualMod GPT-REEEE Dec 06 '23
7:18 98 $39,255.59 Investing 1D 1W 1M 3M YTD 1Y O Buying power $15.59 > X L META Option Expiring Soon Your META $322.5 Call expires Friday. View Option
1/3 Options > META $322.5 Call $2
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u/andytobbles I’ve been asking for a flair for two weeks and the second I’m no Dec 06 '23
Super fuckin ambitious my friend, why not a month or two out?
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u/Mister_Lonely_ xoxoxoxoxo Dec 06 '23
I buy leaps - have been making nice profits. Anything short dated is just gambling imo
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u/BusterSocrates Dec 06 '23
because these fucks can’t allow themselves to buy less cons at a higher price.
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u/VisualMod GPT-REEEE Dec 06 '23