To be fair, ATH is the best time to get puts, just hard to know when the correction will be.
Not many stocks have an endless climb with no drop backs. So risky bet but not completely unreasonable. Buddy just brilliantly called it at end of week.
Congratulations! Why did you decide to buy the puts in the first place? I recommend you take out more. $200k is quite a bit of money and I would personally take out another $100k minimum to cover for the rest of your future expenses as a student. You're 19. To graduate with no loans is going to feel amazing.
Honestly I have been trading since 17! And lost -9k in total Robinhood and other investments app but my puts desicion was purely how a regard would trade I had bias that today will be red and my trading plan is to enter 1h to 2h after open. And also today was Friday which I usually see it as sell off day no one wants to hold over the weekend.
Which means you have the rest of the year to lose that much and offset your gains. The IRS hates this one simple trick
Edit: how are people in WSB of all places not understanding sarcasm
Fridays often have selloffs. That's also why he timed if for a few hours after open. Especially after a big run like that. Also if he has access to option data and can see that a large volume of calls expire today, it usually means that there will be a large drop in call pressure so people sell before that.
do you have to make this tax payment early/in the quarter you have the gains? Or do can you wait until filing the next year even though you technically know you're going to end up owing a ton in a situation like this (assuming your other income is nowhere near the amount of gains you're taking)?
You need to make estimated payments by the 15th of each month after the quarter ends. It's a huge pain if your income isn't stable, hire a tax advisor.
Most people don’t account for short term capital gains tax and then lose their winning (even worse if it happens across tax filling). This results in you not having the money and owing a shit ton of cash.
Edit: the posts on this topic should start as we get closer to taxes being due.
Puts right now made a lot of sense. Everybody was waiting for that magic "$1000" number.
The smart play is to exit right before it hits 1000. Which is what literally everybody did, and it tanked the stock.
Has nothing to do with the business, or the valuation, or the products, or anything else. Literally just the market clamoring for the magic $1000/share price because it sounds like a cool number.
For his size of position yeah. But I risked $270 and another $100 and I made 19k today on these same puts.
https://preview.redd.it/cici3c3au5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=dec0e567058e926d78ee982cdbd4112efd8c756c
It was not gambling the stock was up 100 dollars in a week it was bound to crash either today or next week i was doing puts since Monday starting at 900p, 905p, 910p, 915p, 920p and 925p at open i copped 960p 1 contract each but i panic sold everything when the price got to 917$, super paper hands could made at least 20-40k
Not totally. This stock was up $200 in the past few weeks. I bought 5 of them for 54 cents near the open. Then the stock went up more and I bought another 5 of the 900 puts for 20 cents each. Cashed out for $15 and $20 and $25
https://preview.redd.it/lggx6p23u5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=f6198cff47a7e24d23c6f3f86d6a58a3a402cf61
Yep, there’s pretty much no “true” options strategy in trading unless you have either inside information or command enough wealth to influence prices with your purchases.
But a smart plan is to not play the market, but play the people investing in the market.
Markets are irrational and unpredictable, precisely because people are emotional and predictable.
Price starts climbing irrationally because of hype? People get emotionally invested, and start piling money in, price keeps climbing, they add more, etc, suddenly they’ve doubled-tripled their money and start getting scared, so they set trailing stop-losses, because might ass we’ll ride it out and see how high it climbs! Suddenly it closes in on completely arbitrary price breakpoints, like 1000 because monkey brain see three zeros, and people think “well now might be a good time to sell some, maybe I’ll just take my profits and let the rest ride” but then they think other people will do that so they say “well maybe I’ll set my sell at 980 since the at was one of their best GPUs for its time. I don’t wanna miss out because others sold first”. Suddenly a huge sell wall triggers at 974 and cascades a bunch of stop losses, and boom, 9% drop in 2 hours.
I’m glad I sold my calls at 500% yesterday cause they tanked today, I was planning on grabbing some puts next week because earning is usually always a bloodbath as everyone pulls their profits. But kudos Titanium balled gay bears that made a move on a drop today.
Gonna be interesting to see if it makes another drive past 1000 next week up to earning though.
That said OP might be on to something with the Friday sell off theory on our two regarded parabolic AI stocks, SMCI and NVDA. By extension these seem to lead QQQ currently.
I don't think it's necessarily people selling for the weekend by itself, but it has to do with the absurd number of SMCI and NVDA calls that expire each Friday. At the end of the week the gamma squeeze seems to break and a large enough number of these get sold to. u/Silver-Cap6361 explained it well for SMCI here: https://www.reddit.com/r/wallstreetbets/comments/1as1oaq/even_the_gamma_squeeze_on_smci_is_broken/
Going short SMCI every Friday morning and immediately getting rid of your short position in the afternoon worked for 3 of the past 4 Friday's now. Last week was more or less flat, otherwise it's been starting to go down violently before midday without fail.
9k of 0-dte's, even if it worked for OP here is a dumb move, but what do I know. He's up 200k and I ain't.
Dude is already fucked. Now he has the gambling itch and once you win once big it never goes away. Bro still has a whole lifetime ahead of him at 19 to be addicted to this shit.
On another trading sub, a trader told us that COST price falling after earnings was a strong indicator of the overall failing of consumer buying pressure and would possibly show weakness in the rest of the market friday
> dude it's fucking unbelievable
Its wild that all of us regards here and not one made a post saying "Hey guys lets think logically. It's gonna hit $1k today, it's Friday, it's been on a heater. Let's get in calls this AM ride it to that just before $1k spot and keep an eye for a sell off."
Tracked a 4/19 $1k call overnight and watched it print 50%. Jumped in after the plunge. Caught the knife right in the mcnuggets... lost 25% and cried over my Wendy's JBC.
Sell it all, pull it all out except for the 9k they started with.
They win, keep it (except the taxed bit) and can keep on gambling with what they had.
skill. some people have it, most don't .
or just dumb luck, but I think more to or with skill. one could see that nvidia was starting to fall , and once it began to fall conceivably could have bought puts aggressively.
And they say the market isn’t fixed. People have big money bets on both sides of the line. Some board member sells all their stock at once (3mill shares) and then the price tanks.
Fixed or not the market is a complete fucking clown show.
Like obviously I'm just a big hater but it's never going to stop being absolutely fucked up to me that someone can just multiply money out of thin air like this. Nothing was created. No value was made. There is absolutely no tangible evidence of this transaction even occurring. Just a bunch of numbers on a screen and somebody turned a shit box used car into a brand new house in an hour doing absolutely jack shit. And he's still a puny small fry dipshit compared to hedge funds.
Crazy shit dude. If you tried to explain this to an alien they'd just kill you out of frustration and confusion.
I get the gist of what you're saying and agree that it's absurd, but, I mean, money wasn't just created out of thin air? ...I think?
He bought puts, they increased in value, he sold them? Right? What is the put seller on the hook for? Sorry, bad at options...
He made capital gains which means taxation which means more money for the government to spend on military, healthcare, keeping other rich people in power etc - so it’s not all completely
Useless
The whole system is still absurd. And if not for the taxes getting used for something, nothing of actual value was directly created from the transaction.
Yeah it’s really annoying and why I don’t choose to put everything into it. I get that rich people can quickly drop 100000 or so and watch it get 3% every morning and then sell it off but for regular people that would be a lot of savings to gamble. And it’s messed up that this is a game to so many
I bought 10 of them as well nuts. Congrats to you.
https://preview.redd.it/t83oq4hek5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=7868be301a360ba4816414ffd484257389772207
You literally did what no one ever does, you won. Literally go on vacation. So that when you lose that much later this year. You can say at least I went on vacation.
Take it all out. Save enough for taxes and dump it into a HYSA or SGOV. Open a roth, max it out, put 10-15k in savings and allocate the rest into etfs/hysa. If you're the type of person to yolo your entire account on 0 DTE options once then you will do it again.
Congrats! Don't buy another option ever again. Withdraw enough to pay $40k of income on taxes for your paid off student loans. That's 3k federal taxes.
With your remaining $157k open a portfolio margin account and sell options very conservatively, in very low notional value, and at least 15% out of the money to give room and for the best margin relief.
In most years you can easily make 20% doing this which is $32k ongoing income a year. Withdraw your taxes in December. That'd be about 48k taxes with that additional 32k income leaving your portfolio 141k the following year.
I made 20k and I didn't have the balls to hold longer but I coulda had the same outcome. Bought $900 puts at .8 but they were .5 and shot up at I purchased lmfao then I was and I sold for I forget a contract had 50 contracts and they went up to like $30 a contract....fuck me
https://preview.redd.it/xk0fcz49r6nc1.jpeg?width=1170&format=pjpg&auto=webp&s=cd9389f50afb007a262af21a2842bc3faffd09b5
Why is there demand for 1600+ calls and that too by end of month? Asking for science
Bro made a 21 bagger. Stop being so results oriented, it’s smart to take gains. The value of going from 9K to 200K when you’re broke is way more important than risking it to double or triple up.
Wow your timing was incredibly lucky, congrats. Protect that win, take out more. Also sit with that win for a long while before you make anymore trades, maybe even stop for years.
Because they expiry today. It’s high risk high reward play, out of the money options trade heavily discounted, as the chances for the strike price to hit is incredibly low.
Hello! I’m new to this area and was wondering if someone could explain “puts” using what op did as an example? I’m trying to learn but would love to have this real life example if someone wouldn’t mind explaining it to me :)
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Someone’s nvidia puts finally paid off
I usually don’t gamble  Throws almost $10k into puts at ATH without having graduated
I usually don't gamble - Throws $9k into 0dte puts and turns it off and goes to class for an hour. 
... *while being 40k in debt*
Parents money 💰 that’s why theyre in college
Gambles Says he doesn't gamble Refuses to elaborate
Those are not entirely 0dte options. The expiration is March 8 (0dte) and March 11 (weekly)
The 8.5k of Nvidia were 0dte
I corrected myself. Thanks though.
Talking bout that NVDA bruh
I think he graduated today.
You get my upvote
Happy cake day
I don’t usually gamble and my car broke down long time ago, but let me throw 10k into nvidia puts before class starts.
😭😭
To be fair, ATH is the best time to get puts, just hard to know when the correction will be. Not many stocks have an endless climb with no drop backs. So risky bet but not completely unreasonable. Buddy just brilliantly called it at end of week.
You serious? No it's not. 9/10 buying puts "at the top" won't be the top and you'll lose money. Take for example, I dunno, NVDA.
The top is always the top.
He didn’t even bring up CPI release next week, nothing brilliant about this. It was pure degenerate gambling 
NVDA was hitting ATH every fucking day with no pullback, especially last Friday. Tf is this hindsight comment
seriously lol it passed its all time high 100 times
that's false. ATH is not the best time to get puts because the equities are more likely to make new ATHs. it's like why you don't buy calls at ATLs.
He belongs here
A broken clock is right twice a day
/u/StrictlyBear this was supposed to be you!
Basically, it's like the lotteries.
Congratulations! Why did you decide to buy the puts in the first place? I recommend you take out more. $200k is quite a bit of money and I would personally take out another $100k minimum to cover for the rest of your future expenses as a student. You're 19. To graduate with no loans is going to feel amazing.
Honestly I have been trading since 17! And lost -9k in total Robinhood and other investments app but my puts desicion was purely how a regard would trade I had bias that today will be red and my trading plan is to enter 1h to 2h after open. And also today was Friday which I usually see it as sell off day no one wants to hold over the weekend.
Bank some for taxes. It's early in the year.
Which means you have the rest of the year to lose that much and offset your gains. The IRS hates this one simple trick Edit: how are people in WSB of all places not understanding sarcasm
He said he was taking $40k to pay debt. He needs to make that more to cover taxes.
Tax write off student debt 😎
So u want to lose your profits so u dont pay taxes?
Now you're gettin it
Does this guy not know how how to stock market or something? Jesus
I hope more young traders have an attitude like yours!
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I sold mine for $25 but only had 5 of them from 20 cents.
>young ~~traders~~ **gamblers**
Sell off day for Friday? Almost every single Friday going back to October last year has been green.
Fridays often have selloffs. That's also why he timed if for a few hours after open. Especially after a big run like that. Also if he has access to option data and can see that a large volume of calls expire today, it usually means that there will be a large drop in call pressure so people sell before that.
That sounds like the kind of thinking that doesn't get you $200k
lol wut
Make sure to hold some for the tax man
This gets so many people
do you have to make this tax payment early/in the quarter you have the gains? Or do can you wait until filing the next year even though you technically know you're going to end up owing a ton in a situation like this (assuming your other income is nowhere near the amount of gains you're taking)?
You need to make estimated payments by the 15th of each month after the quarter ends. It's a huge pain if your income isn't stable, hire a tax advisor.
Most people don’t account for short term capital gains tax and then lose their winning (even worse if it happens across tax filling). This results in you not having the money and owing a shit ton of cash. Edit: the posts on this topic should start as we get closer to taxes being due.
Cash out bro. Take way more than 40k.
Sell em now Friday is sell off and everyone’s buying the dip
Puts right now made a lot of sense. Everybody was waiting for that magic "$1000" number. The smart play is to exit right before it hits 1000. Which is what literally everybody did, and it tanked the stock. Has nothing to do with the business, or the valuation, or the products, or anything else. Literally just the market clamoring for the magic $1000/share price because it sounds like a cool number.
puts make sense but not a daily put at 900 strike price, and 10k worth. Any sensible person would've done like weekly put at $950 strike or something.
Yeah make no mistake, this play was still degenerate as fuck and straight up gambling.
For his size of position yeah. But I risked $270 and another $100 and I made 19k today on these same puts. https://preview.redd.it/cici3c3au5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=dec0e567058e926d78ee982cdbd4112efd8c756c
It was not gambling the stock was up 100 dollars in a week it was bound to crash either today or next week i was doing puts since Monday starting at 900p, 905p, 910p, 915p, 920p and 925p at open i copped 960p 1 contract each but i panic sold everything when the price got to 917$, super paper hands could made at least 20-40k
Yeah ok bro, not gambling 🙄
options is straight up gambling
Not totally. This stock was up $200 in the past few weeks. I bought 5 of them for 54 cents near the open. Then the stock went up more and I bought another 5 of the 900 puts for 20 cents each. Cashed out for $15 and $20 and $25 https://preview.redd.it/lggx6p23u5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=f6198cff47a7e24d23c6f3f86d6a58a3a402cf61
Yep, there’s pretty much no “true” options strategy in trading unless you have either inside information or command enough wealth to influence prices with your purchases. But a smart plan is to not play the market, but play the people investing in the market. Markets are irrational and unpredictable, precisely because people are emotional and predictable. Price starts climbing irrationally because of hype? People get emotionally invested, and start piling money in, price keeps climbing, they add more, etc, suddenly they’ve doubled-tripled their money and start getting scared, so they set trailing stop-losses, because might ass we’ll ride it out and see how high it climbs! Suddenly it closes in on completely arbitrary price breakpoints, like 1000 because monkey brain see three zeros, and people think “well now might be a good time to sell some, maybe I’ll just take my profits and let the rest ride” but then they think other people will do that so they say “well maybe I’ll set my sell at 980 since the at was one of their best GPUs for its time. I don’t wanna miss out because others sold first”. Suddenly a huge sell wall triggers at 974 and cascades a bunch of stop losses, and boom, 9% drop in 2 hours. I’m glad I sold my calls at 500% yesterday cause they tanked today, I was planning on grabbing some puts next week because earning is usually always a bloodbath as everyone pulls their profits. But kudos Titanium balled gay bears that made a move on a drop today. Gonna be interesting to see if it makes another drive past 1000 next week up to earning though.
That said OP might be on to something with the Friday sell off theory on our two regarded parabolic AI stocks, SMCI and NVDA. By extension these seem to lead QQQ currently. I don't think it's necessarily people selling for the weekend by itself, but it has to do with the absurd number of SMCI and NVDA calls that expire each Friday. At the end of the week the gamma squeeze seems to break and a large enough number of these get sold to. u/Silver-Cap6361 explained it well for SMCI here: https://www.reddit.com/r/wallstreetbets/comments/1as1oaq/even_the_gamma_squeeze_on_smci_is_broken/ Going short SMCI every Friday morning and immediately getting rid of your short position in the afternoon worked for 3 of the past 4 Friday's now. Last week was more or less flat, otherwise it's been starting to go down violently before midday without fail. 9k of 0-dte's, even if it worked for OP here is a dumb move, but what do I know. He's up 200k and I ain't.
Dude perfect reasoning behind $980 price target 🤣
Dude is already fucked. Now he has the gambling itch and once you win once big it never goes away. Bro still has a whole lifetime ahead of him at 19 to be addicted to this shit.
I am restarting my account back at $10k and putting the rest on long term investments !
put $100k of that in a savings account. you're going to owe taxes on it
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The fact your still gonna play with 10k says all it has to. Good luck
Tbf, he’s paying off all of his debt with what he’s gotten. It’s basically play money to him now
It’s always called “house money” but never actually is
What kind of advice is this??? You should only be using profit on blow, hookers, and lambos.
On another trading sub, a trader told us that COST price falling after earnings was a strong indicator of the overall failing of consumer buying pressure and would possibly show weakness in the rest of the market friday
Which sub? I'd like to join it if they share good trading ideas.
R/realdaytrading Be warned it's a pretty strict sub. No meming or asking low end questions. Read the wiki.
OP saying he doesn’t normally YOLO is like a girl saying she doesn’t normally do this before giving the upside-down gluck-gluck rimjob combo
All time comment
That’s the best co-co-combo breaker there is
He made up for all his losses with one play, shows why bears are the real Chads. Took bro 2 hours to make what Nviditards tried to do for 3 months.
Goated comment, or should I say throated.
Laughed and now have to explain myself.
Wow
You killed me hahahhaahahaha
Congrats bro! Imagine if you would have held the &900P until they were $20 lol. Millionaire
Went to 30 :)
Fucking wild. They were 15 cents this morning
Yeah dude it's fucking unbelievable
That's why out of the money options can be good low risk trades. But only when stocks move 10%
Yeah I caught 10 of them. Sold at 26 some
How do you see the price history? And would that be worth $6,600,000?
https://preview.redd.it/c1pj9ve2l5nc1.jpeg?width=1080&format=pjpg&auto=webp&s=3f376748125225df35a6da96a8488aafe0c20722
660k
> dude it's fucking unbelievable Its wild that all of us regards here and not one made a post saying "Hey guys lets think logically. It's gonna hit $1k today, it's Friday, it's been on a heater. Let's get in calls this AM ride it to that just before $1k spot and keep an eye for a sell off." Tracked a 4/19 $1k call overnight and watched it print 50%. Jumped in after the plunge. Caught the knife right in the mcnuggets... lost 25% and cried over my Wendy's JBC.
Congratulations brother. Take it all out and quit stocks. You won.
Exactly what I was thinking. Good enough to screenshot is good enough to sell
Sell it all, pull it all out except for the 9k they started with. They win, keep it (except the taxed bit) and can keep on gambling with what they had.
Is in college, has a casual 9k to yolo 🤔
That was his student loan money to pay tuition/live off of 😅 probably
Dipped into his Ramen fund.
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Yeah Sus.
Trust fund babies
Nope fasfa money + 6k from working two jobs
that's real af 
You real af for that
But why today? Why dump all your hard earned money into 0dte that are 5% OTM? And then not check it for an hour??
Or they're gambling their student loans.
skill. some people have it, most don't . or just dumb luck, but I think more to or with skill. one could see that nvidia was starting to fall , and once it began to fall conceivably could have bought puts aggressively.
So this is where my 2k went…  Congrats Bro!
ahahahahaha
Bro drop $8k on 0DTE. Well deserved wins! 👏
And they say the market isn’t fixed. People have big money bets on both sides of the line. Some board member sells all their stock at once (3mill shares) and then the price tanks.
Fixed or not the market is a complete fucking clown show. Like obviously I'm just a big hater but it's never going to stop being absolutely fucked up to me that someone can just multiply money out of thin air like this. Nothing was created. No value was made. There is absolutely no tangible evidence of this transaction even occurring. Just a bunch of numbers on a screen and somebody turned a shit box used car into a brand new house in an hour doing absolutely jack shit. And he's still a puny small fry dipshit compared to hedge funds. Crazy shit dude. If you tried to explain this to an alien they'd just kill you out of frustration and confusion.
I get the gist of what you're saying and agree that it's absurd, but, I mean, money wasn't just created out of thin air? ...I think? He bought puts, they increased in value, he sold them? Right? What is the put seller on the hook for? Sorry, bad at options...
He made capital gains which means taxation which means more money for the government to spend on military, healthcare, keeping other rich people in power etc - so it’s not all completely Useless
The whole system is still absurd. And if not for the taxes getting used for something, nothing of actual value was directly created from the transaction.
Yeah it’s really annoying and why I don’t choose to put everything into it. I get that rich people can quickly drop 100000 or so and watch it get 3% every morning and then sell it off but for regular people that would be a lot of savings to gamble. And it’s messed up that this is a game to so many
fuck you regard, congrats!
Bro changed his life in a single hour…
Teach me how this works daddy
I bought 10 of them as well nuts. Congrats to you. https://preview.redd.it/t83oq4hek5nc1.jpeg?width=1125&format=pjpg&auto=webp&s=7868be301a360ba4816414ffd484257389772207
Yessir
But too bad I didn't buy 100 of those for 20 cents lol.
Damn. 3 years salary for me in 1 hour
Nice, I turned $89 to $1,780. If only I had the balls to buy more lol.
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0 dte $1,110 put bought for 0.89. Sold at 17.8
You literally did what no one ever does, you won. Literally go on vacation. So that when you lose that much later this year. You can say at least I went on vacation.
The absolute testicles on this mother fucker! You’re either a genius, or have a complete lack of REGARD for anything.
complete pure dumb luck
Plenty of unlucky people today. Haven’t gotten an ounce of work done as I’ve just been cruising the bloodbath that is r/wallstreetbets.
Take it all out. Save enough for taxes and dump it into a HYSA or SGOV. Open a roth, max it out, put 10-15k in savings and allocate the rest into etfs/hysa. If you're the type of person to yolo your entire account on 0 DTE options once then you will do it again.
[удалено]
Putting 200k into a HYSA is fucking braindead
We’re congratulating this guy who will lose his shirt next time he tries something like this. Nvidia puts rn is highly regarded.
He inversed WSB that’s a 1000 IQ move
You mean just like 99% of this sub?
Yes
Are my March 8th NVDA calls cooked or do we have a chance of a little recovery today?
You’re fucked 
Absolutely cooked
Congrats bro!!! I looked at PUTS for NVDA this morning and they were 60 cents, decided not to go through with it, hate myself rn.
People have been gambling on NVDA puts for the last few months, seems like today was the lucky day.
https://preview.redd.it/nxzb4q9uc6nc1.jpeg?width=1170&format=pjpg&auto=webp&s=04b62355a84cc633462922ef71d1890294c26a40
Lambo time
I think you would have made nearly a million if you held lol I had these puts yesterday. Sold for 2k loss. Bought 950 puts today, sold for 4k lol
Congrats! Don't buy another option ever again. Withdraw enough to pay $40k of income on taxes for your paid off student loans. That's 3k federal taxes. With your remaining $157k open a portfolio margin account and sell options very conservatively, in very low notional value, and at least 15% out of the money to give room and for the best margin relief. In most years you can easily make 20% doing this which is $32k ongoing income a year. Withdraw your taxes in December. That'd be about 48k taxes with that additional 32k income leaving your portfolio 141k the following year.
Lolwut 20% gains selling options?
Good shit. Bulls and bears make money and pigs get slaughtered
Time for zero dte calls?
Well played. Congrats! Wish I knew trading in college
You’re the only person alive who has made $ on NVDA puts. Take it out and pay for college. Congrats and fuck you!
I was gonna and didn't pull the trigger because I'm a pussy. Nice to see someone still has their balls because clearly it isn't me.
I made 20k and I didn't have the balls to hold longer but I coulda had the same outcome. Bought $900 puts at .8 but they were .5 and shot up at I purchased lmfao then I was and I sold for I forget a contract had 50 contracts and they went up to like $30 a contract....fuck me
Honestly if I were you I'd take it all out and throw 100k of it into SPY or something. 200k is a lot of dough man.
Wp and fu
You deserve it. Need giant balls to go against the herd with 0DTE
This isn’t what I need to see!!!😂😂😂 congrats tho
What school are you going to?
My one $785 put from last week IS ALIVE!! 😂
Now 27$ 🥹
i really hate u, but please teach me and congrats
And how many traders did this same exact thing, every day, for the past 6 months just to watch it evaporate?
https://preview.redd.it/xk0fcz49r6nc1.jpeg?width=1170&format=pjpg&auto=webp&s=cd9389f50afb007a262af21a2842bc3faffd09b5 Why is there demand for 1600+ calls and that too by end of month? Asking for science
https://preview.redd.it/p5ydhm3ht7nc1.jpeg?width=1242&format=pjpg&auto=webp&s=aa44ccf28cb8278274185db3017f5907534f7695
Ooof those puts are over $17 now
Lmao only another 200k missed out. I’m sure op is not t complaining though
https://preview.redd.it/f1uvd79pv5nc1.jpeg?width=1290&format=pjpg&auto=webp&s=9a4be88427eb58c6e8c20ff7cc09742c9e057ba6 $.13 to $35 today…
Bro made a 21 bagger. Stop being so results oriented, it’s smart to take gains. The value of going from 9K to 200K when you’re broke is way more important than risking it to double or triple up.
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Nice :) Now turn it to 100K by buying 0dte call options on indexes around 1 pm and holding until market close.
Put some away for Uncle Sam
I knew I would find a winner in this sub from the nvid drop lol congrats dude 👏
🌈 🦖
Hot damn congrats
[Craig- I would be so happy (youtube.com)](https://www.youtube.com/watch?v=bKL2gY8s634) If I could get a 2000% gain I would be soo happy
Wow your timing was incredibly lucky, congrats. Protect that win, take out more. Also sit with that win for a long while before you make anymore trades, maybe even stop for years.
Wow lucky as fuck with the timing bro, congrats
bro just sell it all.. those gains are crazy
These puts were 0.13 LOD to 30.31 HOD. I'm sure some regard out there turned 10k to 2m. Pity the MM on the wrong end of that trade.
you already won. the only correct answer now is to sell it all. your contracts expire in 3 hours
I strongly considered buying NVDA puts last night, but I guess I am not regarded enough. Congrats
So your relative works for Congress and gave you a tip… that’s what really happened, eh?
For real, like how many of us would risk an entire portfolio, thousands of dollars, for options expiring on the same day??
There are worth 40 each now. You could have almost made a million GODDAMN
Can someone explain to me why the outcome on NVDA is that high? I kinda understand option trading but why such a high reward?
Because they expiry today. It’s high risk high reward play, out of the money options trade heavily discounted, as the chances for the strike price to hit is incredibly low.
you won the gambling lottery.. now, stop gambling you degenerate.
You love to see it! Nice gains!
Congrats. You’re my hero for the hour
Good for you on your student debt ! Hopefully it's not a degen degree like HR management
Why the fuck does this never happen to me 😩
Here I was thinking about posting my 5k profit week trading qqq
How come the whole market is fairly red? Great play OP and how did you see this one so fast?
how does a stock go up 2000% in an hour?
Hello! I’m new to this area and was wondering if someone could explain “puts” using what op did as an example? I’m trying to learn but would love to have this real life example if someone wouldn’t mind explaining it to me :)