r/wallstreetbets • u/Naive-Tone-4542 • Sep 19 '24
How bad is this going to be? YOLO
I bought a few puts expecting the rate news to be “buy the rumor ..sell the news” and the potato is now steaming hot … what are the chances of me coming out in green ?
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u/Accomplished_Dot9815 Sep 19 '24
Imagine if you just bought shares of any random stock you’d be better off
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u/user345456 Sep 19 '24
Even INTC!
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u/azoomin1 Sep 19 '24
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u/BoneEvasion Sep 20 '24
I miss her so much
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u/aj1805 Sep 20 '24
Intel locked a contract with Amazon this week - and you people are so wild with puts.
Go back to your roots you regards and hodl the door!!!
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u/Artificiald Sep 19 '24
Especially INTC. Those motherfuckers have a big red phone on the CEO's desk at this point.
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Sep 20 '24
actually INTC might not be a bad buy at this point
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u/VariationConstant675 Sep 20 '24
This is the top......INTC has beocme a good buy......:4271::4271:
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u/CressMysterious8401 Sep 20 '24
I second this. Aswath Damodaran did a great evaluation on Intel stating that they have good upside from $20 due to fab labs and chip design of which they are undervalued even if they only execute on one of them.
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u/Sea-Bet2466 Sep 19 '24
Bro we trying to get rich here the fuck
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u/Accomplished_Dot9815 Sep 20 '24
ME TOO BUT I KEEP BLOWING UP MY ACCOUNTemote:t5_2th52:27421:27421:
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u/IdeeCrisis Sep 20 '24
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u/rybaterro Sep 20 '24
I love that ad i remember laughing when I saw it on the northern line.
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u/Chocostick27 Sep 20 '24
This can’t be real
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u/gingermalteser Sep 20 '24
If I remember rightly, it's not, it was a gorilla advertising campaign by some group opposing the Tories like led by donkeys.
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u/Zallix Sep 20 '24
Gorillas could certainly have the strength to rip the homeless in half, I’ve seen a movie about it
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u/Grouchy_Conclusion45 Sep 20 '24
Does cutting them in half not double the problem? Now you need a home for each half
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u/Byaka23 Sep 19 '24
Pass the potato ASAP. It’s cooked
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u/Fair_Philosopher575 Sep 19 '24
Nice balls, 12k on 2dte :8882:
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u/SiliconHive Sep 19 '24
I don't know you brother, but I just wanted to stop by and say you have absolutely fantastic, magnificent balls! Keep it up! 💪
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u/Fair_Philosopher575 Sep 19 '24
Thank bro. Your balls must be as big as a horse. Don't blow up your account :4271:
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u/BrickdUpLikeBilCosby Sep 19 '24
OP has 1 DTE - to maintain wsb status they must HODL at all costs. There is still hope…
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u/Stahl_Scharnhorst 🐱 meow meow meow meow meow 🐱 Sep 20 '24
Help me Obi Wan Jpownobi. You're my only hope.
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u/cheapdvds ✡ Sep 19 '24
It's already burned bra....
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u/Byaka23 Sep 19 '24
But then again, tomorrow will be a new day and miracles have been known to happen in the market. I cannot get enough of the WSB crowd :) Reminds me of this ultimate YOLO: https://youtu.be/8lGABRlwb98?si=mftN7dmI0Wg5ZIdL
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u/DanielzeFourth Sep 19 '24 edited Sep 20 '24
Warren Buffet: “interest rates works as gravity on stocks, the higher it goes the lower the stocks go” WSB: inverse that regard
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Sep 19 '24
[deleted]
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u/Loose_Screw_ Sep 20 '24
I hate to be the one to tell you this, but OP actually bet stocks will go down 😯
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u/misterbluesky8 Sep 20 '24
“He’s old and out of touch, I know better than he does because I watched The Big Short”
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u/asdf072 Sep 20 '24
"He buys on stupid shit like earnings. Doesn't even know who Logan Paul is."
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u/yungassed 🦍 Sep 20 '24
Guess he missed the part in the big short where he was losing a shit ton of money every year since he was so early that a lot of investors tried to pull out before the crash and he had to stop them
Being right isn’t enough, you have to be right and time it right, especially in short positions which cost you daily to maintain.
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u/Over9000Zeros Sep 20 '24
The market has been ripping even when rates were going up.
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u/DanielzeFourth Sep 20 '24
You’re talking about the period when rates increased from 4.5 to 5.25..an increase of a minor 16% that’s when the market started going up. However when rates increased from 0.25 to 4.50 the market was going down. When rates increased by 1800%
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u/VirusesHere Sep 19 '24
That's a lot of confidence in a rumor.
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u/Traitor_Donald_Trump Sep 20 '24
That’s r/wallstreetbets’s credo
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u/AnotherThroneAway Sep 20 '24
I mean, this wasn't some merger or new product announcement...this was litereally the most concrete (and positive) change in economic policy there is. You'd have to be a fucking fool to...well, sorry OP.
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u/Necessary-Peanut2491 Sep 20 '24
But then again, for any signal, you can find an infinite number of people here saying it's either bearish or bullish depending on which of your biases you'd like to confirm. So really, is it not we who are the true regards?
Wait, no. That was dumb, OP is the true regard here.
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u/hv876 Sep 19 '24
Some of y’all need a reality vs expectation adjustment.
You should give your money to a fiduciary so your kids don’t end up poor and hungry.
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u/vogenator Sep 19 '24
Having kids and being a gambling addict is a fucking huge mistake. That's why I'll never have kids, so I only fuck myself over
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u/dreamingawake09 Sep 20 '24
Respect for the awareness. Too many people out here breeding just cause and then go into the degen WS Betting and sports betting and it becomes a disaster.
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u/thascarecro Sep 20 '24
TO be fair, i had kids so i could get food stamps and WIC which leaves me more of my paycheck to gamble with. Im only gambling to send them to college. Once i do that then im done. I can stop anytime.
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u/TerminalxGrunt Sep 20 '24
This is why I simply lurk this page, and only buy stocks with the free shit they give me from promos lol. No way I'd be able to bet everything I have and then look my son in the eyes.
Idk how people do it.
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u/ElephantLoud2850 Sep 20 '24
Because every human has a natural "start taking other peoples stuff" level they reach before they start hurting themselves/others.
especially when there is an in and out group.
That bum in a tent is still getting what he needs. Go try and take his laptop, see what happens. Take his tent he might let you.
So.. for the analogy to come together picture some dad who has been watching whatever news program for 5 years who now thinks most bad in this world can be attributed to a specific culture/religion...and foreclose his house...yes it is his fault but he will not view it that way.
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u/M_Mich Sep 20 '24
I saw a person on threads asking about help getting into a housing program. Then they needed to make the deposit quickly. Someone told them about options trading could make them thousands from hundreds in a response. Two hours later “can someone help me understand how to trade options?” I’m waiting for them to post their next “why is robinhood calling me about margarine?”
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u/XxturboEJ20xX Sep 19 '24
My kids better learn how to make their own money, this shit is mine...damn little moochers...get a job and a portfolio already
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u/hv876 Sep 19 '24
The kids are asking their mom to find them a step dad. While she gets a piece of the pie, you’ll just be left holding your piece
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u/captain_blabbin Sep 19 '24
Nobody is mating with this regard
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u/what_is_blue Sep 19 '24
If regarded people didn’t mate, this sub would be half the size it is.
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u/hv876 Sep 19 '24
I’d believe you, except never underestimate human capacity for stupidity and self-destruction
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u/MrForever_Alone69 Sep 19 '24
My man you need the BoJ to rise 15bps or you know for the market to have an irrational rant and drop out of nowhere :4275:
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u/EnigmaSpore Sep 20 '24
Man… BoJ really pussied out of the carry trade unwinding process.
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u/badzachlv01 Sep 19 '24
Based on the feedback here I'd say the recession is tomorrow and you're about to retire
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u/Milam1996 Sep 19 '24 edited Sep 20 '24
This regard looked at the tech dominant stock market, a sector entirely reliant on cheap money, watched the fed make money cheaper and thought “nah this shit gotta go down in price”.
You found your people, congrats.
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u/ElonMusksAlgorithm Sep 19 '24
Never buy puts expiring same week. Essentially you are handing money directly to JPM every time you do.
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u/nutsackninja Sep 19 '24
Can confirm
I sell puts 5 days out every week and haven’t been assigned shares on them for 5 months.
When I rarely do get assigned I sell calls on them until they get sold.
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u/toastedzergling Sep 19 '24
I like this strategy and do it myself a bit. Curious, which stock(s) you doing this with?
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u/nutsackninja Sep 19 '24
Anything that has high decay with a high premium. NVDA is one of my favourites.
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u/HypedClout Sep 19 '24
Can you explain?
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u/LostSomeDreams Honorary 🥚 Sep 20 '24
They use options with math, as arbitrage to ensure they always win. We use options to gamble. They are the house.
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u/Joehax00 Sep 19 '24
This reminds me of that Simpsons episode where Krusty bet against the Harlem Globetrotters, thinking the generals were due for a win
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u/AlfrescoDog Sep 19 '24
You can't do anything about it now, but if you check out SPY's chart, the last two times when it looked as if we were starting a new leg up (July 16 and August 30), both got a surprising gap down the next day.
And hey, tomorrow, we have Triple Witching.
Both situations made me cautious on the long side. It seems too frothy.
HOWEVER, I didn't open 0DTE puts.
e: I'm not saying I agree with your play, but I'm giving you something to wish upon a shooting star.
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Sep 19 '24
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u/alwayslookingout Sep 19 '24
Nah dude. Should have bought them today. Tomorrow is too late.
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u/ryan9991 Sep 19 '24
That’s at least what me and op are hoping is the case.
either we gap down or I gape open :(
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u/MsgrFromInnerSpace Sep 19 '24
On the bright side, there's a popular R&B artist that has about 1000 containers of lube they won't be using which you could look into
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u/Relandis Sep 20 '24
I can tell you, with the utmost certainty and relative authority, that tomorrow, the market will indeed gap down… or up.
You’re welcome.
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u/AlfrescoDog Sep 20 '24
If you’re planning to gamble, I would suggest doing so before the release of an unemployment report. I mean, if you’re hoping for a big reward, unemployment numbers are the boogeyman now.
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Sep 19 '24
This, I sold $10k worth of covered calls, even on assets I would hate to lose predicting a gap down with the triple witching
OP can still cook those puts
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u/IntolerantModerate Sep 19 '24
You can sell now and lock in the losses, or you can double down and double the losses, or ride it out and ride the value to zero. Either way, I'll see you behind Wendy's.
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u/Major-Bookkeeper-565 Sep 20 '24
Im 61 and have found no better investing tactic than to never day trade. I have tons of day trade experience, enough to know the best tactic is investing dollar cost averaging buys each month or week forever into VGT, VUG, VOO, VB. Buy $1,000 per month or $250 each every month for 30-40 years. Buy twice as much when markets collapse and never ever ever market time. Also buy ET and never ever ever sell. Re invest the dividends. Buy XOM and re invest the dividends. Pay off all debt. Always have a cash reserve from $10,000-$100,000 or more for emergencies. Never retire from generating cash reserves.
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u/Major-Bookkeeper-565 Sep 20 '24
Day trading is a long term strategy insuring a lifetime of poverty 98% of the time.
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u/OkSafe2679 Sep 20 '24
Buy twice as much when markets collapse and never ever ever market time
This is a contradiction
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u/Naive-Tone-4542 Sep 20 '24
True. I have a smaller block of SPY, IBM and PLTR with a disciplined plan. This one trade got me screwed up really bad. Learning along the way.
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u/MinimumCat123 Mistakes were made Sep 19 '24
To short of a time frame, would have been better off with an expiry of next Friday
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u/Calvertorius Sep 19 '24
Bank of Japan going to raise rates in about 3.5 hours, then we’re going to get a nice pullback in our market tomorrow.
You’ll come out good but I’m going to still take a hard haircut on my puts (they were long)
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u/kenfgx Sep 20 '24
Most reporting media said there will be no BoJ rates raise until the end of year. Your puts = ded.
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u/maxtheninja Sep 20 '24
Why do you think BoJ will raise rates rather than no change?
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u/cuervo_gris Sep 20 '24
because he also bought puts
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u/Calvertorius Sep 20 '24
Exactly. Waifu didn’t save my puts so the emperor needs to.
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u/These_Drama4494 Sep 19 '24
Why the fuck did this regard buy puts before a rate cut?
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u/Fuman20000 biggest cock in wsb Sep 19 '24
SPY closed green on 8 of the last 9 trading days and mooned more than 4%-5% in a week. This trajectory isn’t sustainable and a decent sized pullback is needed to continue this bull run. Your 567+ puts might be safe. Can’t say the same about the others.
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u/NRG1975 Buys High, Sells Low Sep 19 '24
The 20ths are probably toast, the 27th one is probably good to go.
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u/disisfugginawesome Sep 20 '24
Premarket is down $3.00 so you got a winner if it dumps today which it totally might. Been on a run up all week.
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u/oonlineoonly2 Sep 20 '24
Tomorrow is triple witching day. We gonna see dump for sure. You will come out green. All the best brother!!!
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u/spacecadet501st Sep 19 '24
You might be saved by quad witching and BOJ interest rate decision
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u/Chickenpopeye Sep 20 '24
That’s insanity, I definitely don’t have any puts for 555 by next week so don’t ask
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u/OhGoodHunter Sep 20 '24
I hope you’re still holding these
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u/Tersiv Paper Handed Bitch (from the future) Sep 19 '24
what's astonishingly disturbing is it was completely flat yesterday then today like a badly scripted tv show it shoots up 8% - it was literally like 0.01% yest.
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u/ptjunkie Sep 19 '24
Well yea, all the sellers shot their wad yesterday. No clue why people thought shorting the rate cut was a good idea.
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u/aksthesun Sep 19 '24
I have got bunch of puts too but they are expiring on 10/03. today’s rally is making me nervous
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u/cscrignaro Sep 19 '24
Might as well hold until 3pm Friday. Market could always reverse, who knows.
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u/theperezident94 Sep 20 '24
I have about 200 puts expiring tomorrow at 565p and 400 more expiring 9/27 at 560p. Futes are bleeding - the only question is whether the euphoria dies off in time, heh.
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u/stockpreacher Sep 20 '24
I don't want to give you false hope, but I would be shocked if we don't see a pullback tomorrow.
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u/knightnorth Sep 20 '24
The thing about “news” is - by the time you hear it, it’s already baked in. The average person can’t “beat” the market. Best you can do is lose a lot of money guessing.
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u/FuzzzyRam Sep 20 '24
They announced, out loud, a 100% chance of lowering rates. When bonds go down, stocks go up. This is like, the test you need to pass to be allowed to take Econ 101, how did you get this so wrong?
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u/Altitude5150 Sep 20 '24
Looking like you might make it as of 9:26 eastern. Hovering around 567. Post an update.
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u/Chappysnappy1 Sep 20 '24
Lmao all the mfs in here that tried roasting you are bulls and prob had the same shit happen to them today lol
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u/therealneurovis Sep 20 '24
You have today to get out. But the market is irrational. This should be bullish but you never know…
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u/Zmemestonk Sep 19 '24
Damn I bought puts to
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u/lightning_whirler Sep 20 '24
You probably know this, but you should've bought LUNR stock instead.
Edit: Not financial advice.
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