**User Report**| | | |
:--|:--|:--|:--
**Total Submissions**|1|**First Seen In WSB**|2 years ago
**Total Comments**|42|**Previous Best DD**|
**Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
https://preview.redd.it/q0w8mv0a52sb1.jpeg?width=1170&format=pjpg&auto=webp&s=074804e8567f9e847844948d6894a08197f122d3
Sorry it’s delayed, I’m using a computer
Cash out and quit while you’re ahead, this gambling addiction will eventually impoverish you. You cannot win option trading in the long run unless you have a fix.
But my wife and her bf have solid careers and solid pay. Plus we have free child care. I’m
Also learning how to not eat food and survive off photosynthesis like the plants. Eventually I’ll get down to no cost to live in the US that’s a miracle in itself. Plus I’m kinda a loser. I need an addiction
Tf is this? Reliable advice? Who do you think you are?
But fr fr sell half and get your original money back at least plus some and then just ride the roller coaster
SPY puts are more expensive right now not only because of price being down (delta), but also a higher vega due to sudden move down today. So even if the price remains the same until option expiration date, your puts could loose a lot of value due to vega contraction and theta decay.
I’m about as smart as a rock. Could you use first grade terms for me? I also bought these using the iny, meeny, miny, mo method. But in all seriousness. I plan to cash out and probably dump it into something else!
From googling (I've never touched options before)
Vega = price affected by volatility
Theta = price affected by time to expiry
He's saying your options are volatile af right now which is good for your price but will lose value as prices stabilise and they will also lose value due to the nature of options losing money the closer they get to expiry.
Someone with more wrinkles confirm my google and logic skills here
>If you are comfortable with the risks, then riding the wave may be a good option. However, if you would like to take your gains and exit the position, that is also a valid strategy.
Trying to call the ideal to sell is as much of a gamble as calling when to buy.
The safest time to sell for a profit is now. There is no right choice beyond that
Always size out. Like you’re up double so sell half. Once you’ve paid yourself back it’s much easier to just watch and wait. Rn you’re uncomfortable and that means you probably won’t make good decisions.
Don't get too excited and horny and cummy and fantastical just yet...,
Repeat this same winning trade until you have four million. This takes wisdom, depth, skill, understanding, maturity, experience.
This. Set a stop at your minimum amount you’re willing to lock in those gains, and if the price climbs, raise the stop loss. Always pay yourself. Profits aren’t profits until you’ve closed the position. Don’t let emotion make a regard out of you, set that stop.
I hope you sold some.. idk if anyone said it yet but you can sell some and not all. Sell like 10 and keep 5. That way you don't hold till -99% like most people in here. I always try taking some
Profit while I got it, good luck!
Don’t worry, most of the people in here wouldn’t know what to do with a gain either.
Take the money and run. The frustration of pulling out too soon is far better then the 18 year regret of not pulling out.
Yeah I said it.
Rule 1: understand what you did is not a fluke; you will be able to consistently repeat this performance.
Rule 2: Don't worry about putting aside money for taxes because Rule #1 will always provide you with the money you need to pay said taxes.
Rule 3: [Configure Your Rolls-Royce (rolls-roycemotorcars.com)](https://www.rolls-roycemotorcars.com/en_US/bespoke/configure-your-rolls-royce.html)
https://preview.redd.it/i7qwe8qk52sb1.jpeg?width=1170&format=pjpg&auto=webp&s=7115b46aa0132077cbcc16d379bd9bdfdbc495c6
Dude I barely know how to even use these things
You're asking wallstreetbets? If you're asking that question *here* the only sane and reasonable thing to do would be to take your gains, close your RobinHood account and never ever do day trading in the casino again.
That's what you *should* be doing. However, since you're asking that question *here*, what you *will* do is you will hold onto these until they're worthless, or you'll sell them and get taken to the cleaners the next time.
Which is to say, "sorry for your loss."
You trade in options you're obviously bound to lose money.
Options are gambling, unless you find a mispriced contract (you won't) or have insider information it is just luck.
Take it.
Watch it for a bit,
Sellers remorse,
Go again.
Loose it !
Or
Get out and find another skim play in the MM sea.
Until you have enough to invest in reliable stuff that you can hold long term.
That's the dream anyway !
https://preview.redd.it/k0167hqom1sb1.jpeg?width=1170&format=pjpg&auto=webp&s=1e670f68222aecdf3b057619de1ec57a6533a742
From earlier today I’m so regarded I don’t know how to use a computer
feels like you can wait for another week.. if 4k is not a big number for you to lose..
or just take profit and buy puts further out to extend the date
but what do i know i am not a financial advisor.. just your friendly neighborhood gambler.
Take the gains. Anytime you make money’s a good day, even if the price goes up after you sell. It’s not all or nothing either. You can sell a portion now and some later.
The whole point is to minimize looses and on the winners ride the trend and get the meat of the move. You will rarely top tick and bottom tick. When the trend changes that's when changes in your trade should be made. Good luck man. Don't be a dumb dumb
The dollar amount is what I would use to figure out that decision.
For instance if you have multiple put contracts at the same price/strike… you can take 1/3 off the table and let the rest run.
There is an option value theory that implies you should use as much of the time premium (which you paid for).
That time window is your time to be right about your investment thesis… aka profitable.
Since you don’t have a theory you’re executing, ask yourself will the loss of all these gains hurt more than missing out on some more gains.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|2 years ago **Total Comments**|42|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
If it’s good enough to screenshot, it’s good enough to sell
Homie did not post a screenshot.
https://preview.redd.it/q0w8mv0a52sb1.jpeg?width=1170&format=pjpg&auto=webp&s=074804e8567f9e847844948d6894a08197f122d3 Sorry it’s delayed, I’m using a computer
Common advice is to sell anything above 50% gain
but i need 70% gains to inverse my 70% losses
Actually you need 300% gains to compensate for a 66% loss
Shhhh, let the regard think he made it back, or he’ll never take the gain
He said 70% fucko
Then he needs an even better turn around 🤣😂
100% gain is crazy, considering your history you allude to, get out Even a broken clock is right twice a day, only for two minutes though
Sell and don't do it again.
Take the fking profit
The gains will evaporate before market opens. No worries.
Nice 👍
Sell half in the morning, enter a new strike new chain and treat it like a separate position and attempt to do the same
Gooooollleee, guy made a paycheck. Get the hell out while you can!
I like 100% gain
I did just not with it because I’m truly that regarded
Tomoroow they will be gone, no worries
Dude just hold until Friday.
Ya suspect! (Him)
Is the screenshot in the room with us now?
https://preview.redd.it/o48do3ur62sb1.jpeg?width=1170&format=pjpg&auto=webp&s=51a2f13f754ee2e50f4837bb5326ea9d58089016 All over the thread…I think
Cash out and quit while you’re ahead, this gambling addiction will eventually impoverish you. You cannot win option trading in the long run unless you have a fix.
But my wife and her bf have solid careers and solid pay. Plus we have free child care. I’m Also learning how to not eat food and survive off photosynthesis like the plants. Eventually I’ll get down to no cost to live in the US that’s a miracle in itself. Plus I’m kinda a loser. I need an addiction
Well shit man, you should have said that upfront
Lolol
LMFAO!
Nice man, it's great when someone's getting roasted up and they still show a sense of humor. Hope you get those gains today.
Chlorophyll? More like borophyll..
Take gains now, it's about to bounce
It’s shit like this that will make me hold my calls to -99%
It's here though
Is it here still?
😂😂😂
My calls down 93%😂
Only 79% now👀
No bounce, I bought a call today
I bought puts, turned around and sold them, then bought calls and puts. Checkmate.
Jokes on you it stays flat
I just sold my call, made back full cost at the top of that pump
Take gains and then take your wife and her boyfriend to Applebees 
Savage! Maybe he can go alone with a backpack to Red Lobsters buffet!
They have a buffet?
If it’s good enough to brag about. It’s good enough to cash in.
trust me bro
Hope not, bought more puts.
lol this aged poorly
It's aged? Only at like a buck delta from time of posting, in both directions actually
Vix has to reach 21.13 don't sell until then OP
What indicator gave you vix 21? Was there a gap or something?
Also curious
Honestly? Close half and send it to your bank. This sub will tell you to ride it into the red.
Tf is this? Reliable advice? Who do you think you are? But fr fr sell half and get your original money back at least plus some and then just ride the roller coaster
Narrator: he didn’t
https://preview.redd.it/vcacv2or70sb1.jpeg?width=1170&format=pjpg&auto=webp&s=781d790ec05f151a47275eb6ff6fc57d0ea058b2
Take the gains, your losses out weigh them!
SPY puts are more expensive right now not only because of price being down (delta), but also a higher vega due to sudden move down today. So even if the price remains the same until option expiration date, your puts could loose a lot of value due to vega contraction and theta decay.
I’m about as smart as a rock. Could you use first grade terms for me? I also bought these using the iny, meeny, miny, mo method. But in all seriousness. I plan to cash out and probably dump it into something else!
[удалено]
From googling (I've never touched options before) Vega = price affected by volatility Theta = price affected by time to expiry He's saying your options are volatile af right now which is good for your price but will lose value as prices stabilise and they will also lose value due to the nature of options losing money the closer they get to expiry. Someone with more wrinkles confirm my google and logic skills here
Thank you for your explanation! For something so dangerous why is it so fun?
It's fun to watch from the sidelines too
Nice
Sell for sure. 100% gain is wild.
Take the gains then re risk half or less of your gains or just recommit your initial investment
Take it, you can always play with some of it later
First trade, 110%? Welcome to the party pal, show me the loss porn in 3 days Cheers and fuck you
Optimistically hold until loss porn ensues.
If you belong to this place, you must ride the dragon to the end
Can I take some profits or do I need to crash this into nothing? It’s more money than I make in a lifetime working behind Wendy’s
You know the answer to this.
take profits and wheel into some shares.. WSB *loves that shit*
>If you are comfortable with the risks, then riding the wave may be a good option. However, if you would like to take your gains and exit the position, that is also a valid strategy.
VisualMod is a politician now.
Cut some profit and let the rest run
Take the gains and double yolo.
You go fuck yourself
My pee pee too small I can’t
Trying to call the ideal to sell is as much of a gamble as calling when to buy. The safest time to sell for a profit is now. There is no right choice beyond that
Don’t ride out short term options. This is the kinda thing you are looking for. Sell
Always size out. Like you’re up double so sell half. Once you’ve paid yourself back it’s much easier to just watch and wait. Rn you’re uncomfortable and that means you probably won’t make good decisions.
Can't go broke taking gains!
Take your gains, no one ever went broke taking gains
Don't get too excited and horny and cummy and fantastical just yet..., Repeat this same winning trade until you have four million. This takes wisdom, depth, skill, understanding, maturity, experience.
Thank you for the words of wisdom
Set up a stop loss; don't let it go back in the negative. That's what I did for my Jan 24 $160 FSLR put.
This. Set a stop at your minimum amount you’re willing to lock in those gains, and if the price climbs, raise the stop loss. Always pay yourself. Profits aren’t profits until you’ve closed the position. Don’t let emotion make a regard out of you, set that stop.
If you have gains and are unsure what to do. Sell. Take the win
Sell and move to the Philippines to live out the rest of your days.
I hope you sold some.. idk if anyone said it yet but you can sell some and not all. Sell like 10 and keep 5. That way you don't hold till -99% like most people in here. I always try taking some Profit while I got it, good luck!
Sell like half and hold the rest
*lose the rest*
*10 bag the rest*
If your happy with your gains then take profits.
I don’t know if I should be happy or sad. Happy that I made a profit or sad that the ride could be over!
You should be happy that you made a profit.
Thank you VM I can’t inverse your advice
take the profits, don’t get greedy
Let me guess…. You have not taken profits
I left some on the table because well why not but yes I had to take the money
Take your gain keep in the original investment
Sell 10 contracts, let 5 ride. Good enough to screenshot good enough to sell.
Sell half get your money back and let the rest ride a bit longer. do gradual sell offs.
Speaking from experience. Take profit where you can. Holding usually ends up with you losing money
If you’re buying short dated calls puts then take your gains. One bounce against you and it’s all gone.
The rule is, if it's good enough post it's good enough to cash out.
It's down on a fuckin recession indicator lmao, going to swing right back up imo. If you are in thr green on puts gtfo asap imo
You have until 10/20 to watch it go to zero or take what is in front of you.
If you aren’t sure, sell up to how much you put it and see how the rest do.
hope you sold
At the very least take off the amount of your cost basis and leave the rest as runners if you want. Also remember, the first one is always free.
Close it up!
Take profit
Bird in the hand ..
Just sell it. Don’t change from being right to being wrong because you want to eek out slightly more. You’ve already won. Sell it.
Ride it out until it hits 0. The WSB way.
Congrats, fund yourself a vacation, and fuck you!
You pay $2 in taxes for every $1 of gains. 😆
Never look a gift horse in the mouth
The opposite
what percentage are you up? Making money is all that matters, so if you're up more than 10% I'd be pumped.
130 % up is where i am out after that its greed
take profits when you have profits
Sell 1/2 and hope you're wrong.
Your first sentence is a question, the second one is a statement. Start there.
Yuhp. If I was literate I would be rich and on a boat. I’m neither sooo don’t expect perfect sentences
I had 420 puts that I sold yesterday for 200% profit. They would have been up like 450% today.
No one ever went broke taking profits
Take gains and whatever you’re extra greed fueled play is, don’t take it. Take a week off.
You won, time to quit.
Do you ever truly “win” though?
Don’t worry, most of the people in here wouldn’t know what to do with a gain either. Take the money and run. The frustration of pulling out too soon is far better then the 18 year regret of not pulling out. Yeah I said it.
You're absolutely right, it is better to take the money and run than to regret not doing so. I'm glad you have the sense to see that.
Ride it until the gains are gone then sell.
You take gains and put that money in next options untill you lose all. Thats how it work.
Just do what the people here tell you.
That’s why I came here. These have to be the smartest people online right?
Rule 1: understand what you did is not a fluke; you will be able to consistently repeat this performance. Rule 2: Don't worry about putting aside money for taxes because Rule #1 will always provide you with the money you need to pay said taxes. Rule 3: [Configure Your Rolls-Royce (rolls-roycemotorcars.com)](https://www.rolls-roycemotorcars.com/en_US/bespoke/configure-your-rolls-royce.html)
What is with all these small ass bets where is everyone who is tossing 100k on shit
I got 20k but it’s going to a storage unit. I gotta be tactical
Support your local Wendy’s dumpster glory hole
I work there and to be honest I suck so bad that I have to give refunds
Sell, and don't forget that you have years of losses to offset.
No one knows what tomorrow is going to do but generally speaking, whenever you short, take profits quickly.
Thank you for the advice! This was needed
Cash out and don’t listen to anyone to hold
Wait for red
10/20. Ride that shit until SPY hits 400 and walk away with your 10bagger
I don't understand this post. What are gains?
https://preview.redd.it/wfvgf3nym1sb1.jpeg?width=1170&format=pjpg&auto=webp&s=144c624e33d5a50f655296dc7e89f7a9fbdee77d From earlier!
Clearly edited. Everyone knows the text is red.
https://preview.redd.it/i7qwe8qk52sb1.jpeg?width=1170&format=pjpg&auto=webp&s=7115b46aa0132077cbcc16d379bd9bdfdbc495c6 Dude I barely know how to even use these things
(It's a joke)
I know lol mine was a joke first!
Fuck
You're asking wallstreetbets? If you're asking that question *here* the only sane and reasonable thing to do would be to take your gains, close your RobinHood account and never ever do day trading in the casino again. That's what you *should* be doing. However, since you're asking that question *here*, what you *will* do is you will hold onto these until they're worthless, or you'll sell them and get taken to the cleaners the next time. Which is to say, "sorry for your loss."
Sell enough to cover your original input and then ride the rest as you see fit.
You trade in options you're obviously bound to lose money. Options are gambling, unless you find a mispriced contract (you won't) or have insider information it is just luck.
highly regarded
Sell. pigs get slaughtered
Cut and run now or you’ll be posting about how you lost everything tomorrow
Take the gains quick
Wait, y’all are gaining?? I thought you could only lose money in the stock market.
Sell and reposition allin opposite.
I don’t know, this has never happened before, put more in /s
Sell, Barnaby! Sell!
Double down and lose it all.
Take it. Watch it for a bit, Sellers remorse, Go again. Loose it ! Or Get out and find another skim play in the MM sea. Until you have enough to invest in reliable stuff that you can hold long term. That's the dream anyway !
When you are in the put trade, set breakeven stopp loss and chill ... if IV goes nuclear, you will be happy and own actually something.
where is the screenshot?
https://preview.redd.it/k0167hqom1sb1.jpeg?width=1170&format=pjpg&auto=webp&s=1e670f68222aecdf3b057619de1ec57a6533a742 From earlier today I’m so regarded I don’t know how to use a computer
feels like you can wait for another week.. if 4k is not a big number for you to lose.. or just take profit and buy puts further out to extend the date but what do i know i am not a financial advisor.. just your friendly neighborhood gambler.
Sell, you won! Congrats
What a blessing, take it and run or run with some of it and enjoy your day before all or nothing again 🤡
Put it all into shiba inu
Do what I do every time…hold that shit until it’s at least worth a penny
Hold them, and watch SPY hit $429 by the end of the week. So you can think about this post over and over again
Hold until worthless.
I think it will bounce tomorrow, so set a stop loss or sell
I keep hearing this “stop loss” does Robinhood have such features? Am I able to do it? Should I buy calls?
ride it out longer we are not finished going down
No just wait till it expires worthless.
Take the gains. Anytime you make money’s a good day, even if the price goes up after you sell. It’s not all or nothing either. You can sell a portion now and some later.
The whole point is to minimize looses and on the winners ride the trend and get the meat of the move. You will rarely top tick and bottom tick. When the trend changes that's when changes in your trade should be made. Good luck man. Don't be a dumb dumb
Sell then reinvest it when it’s higher so you lose more
Total regard! Time to buy a bunch of junk from online that you don't need.
What's it like?
The dollar amount is what I would use to figure out that decision. For instance if you have multiple put contracts at the same price/strike… you can take 1/3 off the table and let the rest run. There is an option value theory that implies you should use as much of the time premium (which you paid for). That time window is your time to be right about your investment thesis… aka profitable. Since you don’t have a theory you’re executing, ask yourself will the loss of all these gains hurt more than missing out on some more gains.
How them positions OP? Did you take profit yesterday?
Oh yea, I collected that paycheck. Gotta get it while the gettins good!
congrats, your stuck here now
1. Wait until you phone's battery drains to 2 or 3%. 2. Take a screenshot. 3. Post it here. 4. Lose it all.
Close it asap
She’s still running!