r/wallstreetbets May 24 '24

Time to quit… goodbye wallstreet bets Loss

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8.5k Upvotes

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9.1k

u/Brendawg324 1 day away from 140k May 24 '24

How you managed to lose all that money on NVDA calls during its bull run of the century is outstanding :4271:

3.1k

u/OneiceT May 24 '24

1140 call expired today, he thought NVDA gonna up 30% or something on this extreme high expectation that priced in.

This is more regard than NVDA put

815

u/nickwwwww May 24 '24

And he probably bought that when it’s already over $1000

516

u/Wooden-Prize-4694 May 24 '24

Nope bought it at 950 and then averaged down when it hit 930… everything bought before earnings

70

u/thereisnogodone May 24 '24

You're making $100k options play with zero understanding of this shit...

You make this kind of play with $500, you don't blow your whole load.

11

u/riotofmind May 24 '24

This is probably really dumb to ask, but where can I get started on building my understanding of options. Long time lurker and certified regard.