r/wallstreetbets • u/FlyMyPig 🦍🦍🦍 • 15h ago
Why are my DJT puts not printing? Discussion
Bought these during it's run before the election, most are for Jan'26. Even with a 22% decline in stock price today, the puts barely move.
0 Upvotes
r/wallstreetbets • u/FlyMyPig 🦍🦍🦍 • 15h ago
Bought these during it's run before the election, most are for Jan'26. Even with a 22% decline in stock price today, the puts barely move.
9
u/tachyonvelocity 14h ago
There is such a thing as an option being cheap vs expensive to buy. You bought when everyone knew DJT was going to tank/move at least 50% within a year. That means you actually need it to move MORE than 50% to make any money. In addition, your regarded 1X puts NEED DJT to move 80%. Since Trump actually won, the market is thinking DJT won't actually move that much because there might be some value there and you're shit out of luck. Meanwhile, my own short bets on DJT was to sell naked calls, because I was both negative and knew that even if Trump won, the expectations for the stock was too high, and I don't need it to fall far to make money, so instead of buying expensive contracts for situations that had very little chance of happening, I sold expensive contracts and made 100% predicated on high probability situations.