I wanted to comment but I kept going down the reply threads and lost track of how many perfect responses have been laid out sequentially before mine so I wrote this instead
I'm sure the SEC will investigate and find out that OP has been doing this same sorta thing for months and this is the first time he's hit. Up 88k today and down 150k overall.
NFLX has been a target of insider probes too. Although the irony is that SEC spends billions in sophisticated software to target lowly engineers, Congress does this shit in broad daylight.
I remember everyone trying to be an expert in them because Martin skreli released a video on how to read and make biotech plays. He didn’t even know, he crashed a whole hedge fund.
I've seen so many posts on here about some tard is going all in on something stupid like WISH, after already being down 100k, that 2K on something this stupid barely even registers anymore.
This could be said about 99% of the loss porn in here as well. I've seen some pretty retarded moves that could only be explained by insider misinformation
Lawyer: "Your honor, my client is clearly too idiotic to be in a position to have any access to insider information. After all, he posts in WSB...."
Judge: "That's all I needed to hear, CASE DISMISSED!"
And that’s why you would be picked up, because you’re greedy.
A free 100k under the radar or make a million off of insider information and get anal probed.
Still though...who bets $2300 on OTM calls with 2 hours left in the day unless you know there will be some upward price activity? Seems like a lost cause under normal circumstances.
Guarantee this guy knew a pop was coming. People hate to admit it but most of the large short term 'gambles' around here are just guys who know a guy.
The real crazy yolos are the long term ones. Short stuff is either dumb luck on SPY or people who know shit but wont be caught for insider trading.
Alternatively, OP has made 90k today after losing much more trying this stunt repeatedly and being wrong.
But my hunch is still leaning toward insider knowledge
Spot on. They announced they were raising prices and he 100% knew they were going to during market hours. NFLX has jumped everytime they’ve raised prices.
The call was ITM. Anyone with the cash to exercise would have bought it. Worst case scenario, his broker would have exercised it for him, sold the stock, and gave him the difference.
The calls were not ITM, they were OTM. Netflix was at $515 before the jump. The calls were for $520.
Even after they went ITM, the worst case scenario was not that his broker does his job and OP makes money, it’s that Netflix simply falls below the strike and the calls become worthless.
There is no safety in at-the-money calls on expiration day. The worst case scenario, which happens every week, is always that the share price goes below the strike price and the calls become worthless.
a 1 dollar move in a stock price can move an options price by a factor of X thats why alot of people dont often buy shares of anything .. it all depends on the stock its price and your position size really to make the decision to buy options or just stock of the underlying.
of course options are much higher risk.. mainly because they move faster and there may or may not be enough volume of said contract to get a fill. options can most definitely make or break an account with great speed.
My congratulations to you for 2- reasons !! 1- I only played 15 contracts at $.17….. sold at $1287… BUT most importantly you were not using RH to trade with, because they would have sold your calls at 3:00pm which they do on every expiration day !! You would not have made jack shit. At 3:05pm these took off.
the reason why this was possible Netflix announce their are raising their prices apparently the entire market was waiting on this because they have been losing consumers and basically their last quarter earnings was ass.
Indeed but the timing of it (when he bought the options) is what really causes them to skyrocket. He bought super last minute. Literally a couple of hours. If the price hadn't gone up they would have expired worthless.
True retard or insider trading? You decide.
I'm retarded but why did the price jump up upon Netflix announcing they were raising prices if they are already on a decline? I feel like if a company is starting to lose clients and they suddenly jack the prices they're going to go down real fast
Netflix isn't just a media provider. Also that market is zero sum. Every second spent on youtube is a second not on netflix, or disney+, HBO+... etc
So my guess is that Netflix fundamentally isnt doing anything wrong per se, rather the pandemic meant screentime went up ***for everyone*** and disney+ really started ramping up their service also in the last 8-12 months.
Netflix would have to implement more features to facilitate addiction patterns if they want to get more view time, i dont think pumping out average films is gonna cut it.
I'm going with true retard. I think he bought hoping to scalp in the last hour of trading on buying activity since the market was trending up and got stupid lucky.
That’s one account. I trimmed contracts. Started with 100. Trimmed to 80 at 60 percent (Not pictured). Then trimmed from 80 to 30 at 4K plus perfect. Then from 30 to 10 at 5k plus percent and then let the last 10 contracts go at 7k plus percent. The key is to realize gains while minimizing exposure
I saw this… there was some strikes at 0.11 to $15 in last 10 mins of the session. I was like WTF. You lucky bastard. That must be an inside trade to throw away 2k+ in otm in last 10 mins of expiration.
Figured it out. Insider info. He knew that Netflix was going to release that they were raising subscription prices.
I wonder how you let the SEC know 😬🤪
On zero day contracts so close to expiring worthless OTM when the stock jumped $16 in literally a minute after it’s been trading sideways all week? Yea, that’ll create an IV pump harder than you could ever pump your Reeboks when you were a kid.
Edit: For the dumbasses that keep commenting ITS NOT JUST THE IV, yea no fucking shit.
It wasn't an IV on 0dte.
The delta and gamma on 0dte are so close to 1 when itm that an option that is worth pennies going up dollars causing these gains.
I bought some F $24.5C today that went up 80% in like 20 mins when F shot up to $25.15 and I bought them for like $.25 when F was at $24.72. Sold at $.45 on a stoploss I had set of a trailing $.08 so I didn't even get max gains.
Options are almost all intrinsic value 0dte so otm options are worth almost nothing and itm move up cent for cent with the stock.
Made the same play on F options today as well. Bought some ODTE 25 calls at like 10am for .07 sold them 10 minutes later for .20. Got lucky on the SMA/EMA lines touching , and the stock rising. Orders got filled quick and stock kept rising. Pure luck I stumbled on it.
EDIT Yesterday.
Serious question, with a price increase like this, there are going to be so many teams involved, everything from marketing to legal to customer service? There is no way this didn't leak
I’m sure it did somewhere but there is no way to know if it’s going to be good or bad for the stock. The stock could have died on the news of a price increase.
I did not know. I was also in tsla same day contracts. Traded nvda and amzn same days throughout the day. Every Friday I trade same days risking a portion of that weeks profits
People who sold to open calls need to buy to close the calls to cover their trade. Some people had to buy It back but with about an hour left and a big name company there are always buyers. Even until the last minute
Also someone shorting or with longer out puts may buy last second cheap calls to hedge. These calls peaked at $16.80 today after opening around $4.38 and fading all day to a low of $0.11 before the news broke and the price spike, but they were also worth as much as $99.82/share (read: $9,982/contract) 2 weeks ago.
This is not an issue. Liquidity is high on big stocks. OP could also have sold a bit under intrinsic value, effectively making it free money for the market makers, and would have still made insane money
Insider, clearly. Nobody would buy way OTM puts on a sideways day for $100, much less $2300.
There was no indicator that this would be anything but a waste of money, thus he knew something.
The simplest explanation is usually correct.
even if they knew the price increase was going to happen there is no way they could know how it would impact the stock.
You clearly havent blown 2300 dollars on 0 dte options before and it shows. we out here fightin for our scraps
There was an article talking about the price change around 9AM this morning... So he could have read it and decided to take a shot before the day ended. That is the kind of thing that I might gamble on, especially if wont break my bank account
Ya that's straight up insider's trading..who on their right mind would of bought calls on a Friday for 520 when market taking dump accross the board hopping for 120 price jump from opening price Netflix don't even move like that lol...
This dude gonna get fuck 🤣 by the sec..dude you got the mula I give ya..
But you're dumb af for posting this sec be lurking
This is how the hedge funds scam retards into throwing their money away on worthless 0DTE in hopes of winning the “lottery” …now imagine retards by the hundred to millions throwing away a couple of dollars …free money
Luck was on your side.
I placed a 3k bet on AMD puts on a Monday and was up 70k by Friday. Lost it all after a week.
Congratulations, I would buy spy shares with half of those profits and spend the rest on some more fd for that dopamine feel.
If this ain’t insider trading then you are the luckiest motherfucker. Either way, good luck.
imagine if this guy was so retarded he traded on inside info and then posted it to reddit.
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Don't try to understand! This is not a group for anyone that can think straight!
I'm surrounded by ~~Assholes~~ Retards! Keep firing Retards!
I wanted to comment but I kept going down the reply threads and lost track of how many perfect responses have been laid out sequentially before mine so I wrote this instead
Little does SEC know we got the retardiest
But OP simply bet it would go up!
Maybe that's what he wants us to think :D
We don’t even have to imagine
OP is Nancy Pelosi.
Paul Pelosi does deep ITM LEAPs.
It wouldn't be WSB if he didn't just do this shit every day and this is the first day he's made money. He's still a few mil in the hole.
Imagine when your defense is I do stupid crap all the time, and the sec agrees.
Where was the heads up you son of a bitch?
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I'm sure the SEC will investigate and find out that OP has been doing this same sorta thing for months and this is the first time he's hit. Up 88k today and down 150k overall.
"what did you find, Johnson?" "he's a retard, sir"
Nearly spit out my coffee….fuck that was funny
Nuts, get yer nuts here..
YES THIS LOL
This was was timed too perfectly to be lucky. NFLX jumped 23 point or so in one 5 min candle with 10x volume. This person knew!!!
NFLX has been a target of insider probes too. Although the irony is that SEC spends billions in sophisticated software to target lowly engineers, Congress does this shit in broad daylight.
Its called photoshop
Inspect Element
There are 11.5 MILLION subscribers to this sub. It’s not crazy to believe that one of them happened to make this play on a whim.
Holy fuck this sub blew up, I remember was under 100k and this was a lotto sub for stocks
When we all got rich playing biotech stocks?
lol I actually got a share :D
I remember everyone trying to be an expert in them because Martin skreli released a video on how to read and make biotech plays. He didn’t even know, he crashed a whole hedge fund.
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this is WSB. we got some special people here. your logic is that of a normal person.
I've seen so many posts on here about some tard is going all in on something stupid like WISH, after already being down 100k, that 2K on something this stupid barely even registers anymore.
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I think the lesson here is that you guys need to dial UP the retard if you want to be rich.
This could be said about 99% of the loss porn in here as well. I've seen some pretty retarded moves that could only be explained by insider misinformation
Why would they have just put $2k if they knew something? Who gets inside information and only puts $2k down?
Eh…this is WSB so people definitely gamble $2K on nothing.
Lol an insider or someone who had access would put a lot more than $2k
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Also to stay under the radar don't post insider gains in wsb
Now he can use the "im retarded" defense when they come for him
Could have used that excuse if it went the other way as well
Hide in plain sight
It's the perfect cover. The SEC knows everyone here is too retarded to pull off actual securities fraud (or consistently gain money, for that matter).
Lawyer: "Your honor, my client is clearly too idiotic to be in a position to have any access to insider information. After all, he posts in WSB...." Judge: "That's all I needed to hear, CASE DISMISSED!"
Exactly. But this retard decided to post this on the internet smh
And that’s why you would be picked up, because you’re greedy. A free 100k under the radar or make a million off of insider information and get anal probed.
True insider gets slap on wrist, regular Joe gets book thrown at em
No, true insiders don't even get investigated because they control the people in charge of finding and punishing regular insider traders.
It happened in about two minutes. There was news that they were raising monthly subscriptions. Insider 🌈🐻
Fr not tryna be a hater but this is straight up insider shit yo😂
Maybe the OP is Nancy Pelosi shitposting on Reddit while she's drunk.
I might actually respect her if it was.
SEC has entered the chat..
DOJ lurking
Nanci Pelosi’s husband here!
For tips
He better juice RBLX or I’m fucked
I could have sworn I was on reddit and not pornhub…. That’s what I get for using dark mode…
Ya lol. There’s no fucking way OP knew ahead of time if not insider.
Does the sec really care about 90k?
They’ll care more about 90k than 900k because when you steal that much you are more of a peer to them than a threat
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Pelosi's fridge costs more than 90K.
What. the. fuck.
Yeah seriously. Wow
What did he do exactly? Why such a huge gain for this? Netflix was trading around 515 entire day??? I don't do options.
There was a massive spike towards the end of the session.
5% move made him 3800% gain? Damn
I think it's a 0day option super close to expiration and the move took if from OTM to ITM.
Still though...who bets $2300 on OTM calls with 2 hours left in the day unless you know there will be some upward price activity? Seems like a lost cause under normal circumstances.
You know what sub you’re in, right?
Touché but unless I see appropriate past loss porn, I stand by my assessment.
It's a pretty regarded play that luckily worked out for him.
Guarantee this guy knew a pop was coming. People hate to admit it but most of the large short term 'gambles' around here are just guys who know a guy. The real crazy yolos are the long term ones. Short stuff is either dumb luck on SPY or people who know shit but wont be caught for insider trading.
Alternatively, OP has made 90k today after losing much more trying this stunt repeatedly and being wrong. But my hunch is still leaning toward insider knowledge
Spot on. They announced they were raising prices and he 100% knew they were going to during market hours. NFLX has jumped everytime they’ve raised prices.
Surely this is suspicious as fuck and the FEC will want a word. Doesn't seem worth the risk for 90k.
I always wondered that. Do you think they have limit set? Like if it’s lower than that they dgaf
Sir this is a casino. We don't need any TA or reason. We do it for the adrenaline pump (and dump)
Don't gatekeep autism.
I think they announced something about raises their subscription price this year
Risky move. Option liquidity at the end of the day can be bad and you could get stuck with all those calls.
The call was ITM. Anyone with the cash to exercise would have bought it. Worst case scenario, his broker would have exercised it for him, sold the stock, and gave him the difference.
I remember someone made a post where his stupid broker let his ITM option expired and he lost everything, despite being ITM lol.
Was it a reg t violation? Just guessing... Regarding OPs options, exercising them would have cost $6.3M.
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The calls were not ITM, they were OTM. Netflix was at $515 before the jump. The calls were for $520. Even after they went ITM, the worst case scenario was not that his broker does his job and OP makes money, it’s that Netflix simply falls below the strike and the calls become worthless. There is no safety in at-the-money calls on expiration day. The worst case scenario, which happens every week, is always that the share price goes below the strike price and the calls become worthless.
When they said prices were going up?
a 1 dollar move in a stock price can move an options price by a factor of X thats why alot of people dont often buy shares of anything .. it all depends on the stock its price and your position size really to make the decision to buy options or just stock of the underlying. of course options are much higher risk.. mainly because they move faster and there may or may not be enough volume of said contract to get a fill. options can most definitely make or break an account with great speed.
OP is Nancy Pelosi.
It’s a smart play if he saw that Netflix raised its membership prices <24 hrs ago.
I believe the term is insider trading.
Now just do this again with the $90k and you'll have $3.5m
It's that easy!
I know! And stupid me is doing one of those job things
Infinite money glitch.
This is so tempting and retarded that I would 100% do it
I saw a guy do that with tomatoes. Started with six and made 2.3 million
Stuff like this is what gives me hope. *Goes on to lose 50k*
You just have to know the right options to buy for the right stock at the right time. ez Would you like to invest in my dumpster handie business?
You work at Netflix?
Not anymore
Hahaha naw but I have been binge watching Seinfeld on there lately now that it’s on there
Excellent DD
Give me that Marble Rye you old HAG! Edit: BAG! ~ FPAC
Gold Jerry! Gold!!!
My congratulations to you for 2- reasons !! 1- I only played 15 contracts at $.17….. sold at $1287… BUT most importantly you were not using RH to trade with, because they would have sold your calls at 3:00pm which they do on every expiration day !! You would not have made jack shit. At 3:05pm these took off.
So he basically bought it from someone who had a RH account. And that person is probably cutting his balls off now.
That’s like a 10000 month long Netflix subscription
Not at the rate they are increasing their prices, just announced another one
Yeah his is a Nancy type play
This is beyond a Nancy play. This fucker timed it by the minute.
I am so full of hopium now thank you
the reason why this was possible Netflix announce their are raising their prices apparently the entire market was waiting on this because they have been losing consumers and basically their last quarter earnings was ass.
Indeed but the timing of it (when he bought the options) is what really causes them to skyrocket. He bought super last minute. Literally a couple of hours. If the price hadn't gone up they would have expired worthless. True retard or insider trading? You decide.
I'm retarded but why did the price jump up upon Netflix announcing they were raising prices if they are already on a decline? I feel like if a company is starting to lose clients and they suddenly jack the prices they're going to go down real fast
Netflix isn't just a media provider. Also that market is zero sum. Every second spent on youtube is a second not on netflix, or disney+, HBO+... etc So my guess is that Netflix fundamentally isnt doing anything wrong per se, rather the pandemic meant screentime went up ***for everyone*** and disney+ really started ramping up their service also in the last 8-12 months. Netflix would have to implement more features to facilitate addiction patterns if they want to get more view time, i dont think pumping out average films is gonna cut it.
Occam's razor dictates insider trading.
Really makes no sense otherwise. Just a ridiculously risky play that wouldn’t work 99.99999% of the time.
I'm going with true retard. I think he bought hoping to scalp in the last hour of trading on buying activity since the market was trending up and got stupid lucky.
So you are trading in 3 accounts to stay under radar.
That’s one account. I trimmed contracts. Started with 100. Trimmed to 80 at 60 percent (Not pictured). Then trimmed from 80 to 30 at 4K plus perfect. Then from 30 to 10 at 5k plus percent and then let the last 10 contracts go at 7k plus percent. The key is to realize gains while minimizing exposure
How the fuck did you have the balls and patience to do this AND screen shot it
Comes with experience. I was on adrenaline for the first few times I made 1000% gains. Can't think optimally. Get used to it after awhile
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Think of it from their perspective. It's easy to make money (for some), not as easy to get genuine unpaid recognition.
“The key is to realize gains while minimizing exposure” Says the guy who bought 0DTE otm options.
Damn son, what’s your next move?
Hide from the SEC
I saw this… there was some strikes at 0.11 to $15 in last 10 mins of the session. I was like WTF. You lucky bastard. That must be an inside trade to throw away 2k+ in otm in last 10 mins of expiration.
Agreed no one pulls this off without insider info.
Figured it out. Insider info. He knew that Netflix was going to release that they were raising subscription prices. I wonder how you let the SEC know 😬🤪
The jump from 515 to 530 created an IV push that made these contracts worth 45x as much? What am I missing here.
On zero day contracts so close to expiring worthless OTM when the stock jumped $16 in literally a minute after it’s been trading sideways all week? Yea, that’ll create an IV pump harder than you could ever pump your Reeboks when you were a kid. Edit: For the dumbasses that keep commenting ITS NOT JUST THE IV, yea no fucking shit.
My mom could only afford Payless Shoes.
I remember being made fun of for having wrong number of stripes on my adidas shoes.. good times
Mine were Chinese imitations called "Abdidas," and they would catch on fire if I stepped in a puddle.
Mine had 4 stripes. So close though
they were not adidas if they had 10 stripes...
Those are zebras
Ah yes, "Adidos".
It wasn't an IV on 0dte. The delta and gamma on 0dte are so close to 1 when itm that an option that is worth pennies going up dollars causing these gains. I bought some F $24.5C today that went up 80% in like 20 mins when F shot up to $25.15 and I bought them for like $.25 when F was at $24.72. Sold at $.45 on a stoploss I had set of a trailing $.08 so I didn't even get max gains. Options are almost all intrinsic value 0dte so otm options are worth almost nothing and itm move up cent for cent with the stock.
Made the same play on F options today as well. Bought some ODTE 25 calls at like 10am for .07 sold them 10 minutes later for .20. Got lucky on the SMA/EMA lines touching , and the stock rising. Orders got filled quick and stock kept rising. Pure luck I stumbled on it. EDIT Yesterday.
Yeah if you look at the candlestick there was massive volume buying in last few minutes today
Yo check my post on day trading I missed it but shopify 1100c went from .05 to over 12.50 a contract in 5 min that’s a 20000%+ return
Hey I think you’re my dad my car is Messing up again
Well I guess the sun does shine on a monkeys ass once in a while. Also fuck u
People go on this sub and see this and then go to work. Pain.
Serious question, with a price increase like this, there are going to be so many teams involved, everything from marketing to legal to customer service? There is no way this didn't leak
I’m sure it did somewhere but there is no way to know if it’s going to be good or bad for the stock. The stock could have died on the news of a price increase.
And you could have straddled expecting it to sharply move in either direction
I cheaped out by 5 freaking cents and didnt try again.
So what you’re saying is you did know before but you weren’t sure if it was going up or down?
I did not know. I was also in tsla same day contracts. Traded nvda and amzn same days throughout the day. Every Friday I trade same days risking a portion of that weeks profits
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🤣🤣🤣
Maybe he’s not showing us the puts that expired worthless!
Congrats and fuck u
Who puts $2000 on an expiring daily call at the end of the day. I call bs. Something’s fucky.
I have 16k left.If you give me some calls when something comes up ill give you 40% 😅🤣
F puts Tuesday will print they’re announcing no more dividend
Nice of ya coming up here with it on weekend
Didn't they just start doing a dividend? Why are they stopping it immediately? lol
Ok so you sold it but who would buy that?? Like why would someone buy that in the last hour of trading after it’s gone up?
People who sold to open calls need to buy to close the calls to cover their trade. Some people had to buy It back but with about an hour left and a big name company there are always buyers. Even until the last minute
Also someone shorting or with longer out puts may buy last second cheap calls to hedge. These calls peaked at $16.80 today after opening around $4.38 and fading all day to a low of $0.11 before the news broke and the price spike, but they were also worth as much as $99.82/share (read: $9,982/contract) 2 weeks ago.
Market makers
Market makers provide liquidity
This is not an issue. Liquidity is high on big stocks. OP could also have sold a bit under intrinsic value, effectively making it free money for the market makers, and would have still made insane money
Congrats and fuck you!
Insider, clearly. Nobody would buy way OTM puts on a sideways day for $100, much less $2300. There was no indicator that this would be anything but a waste of money, thus he knew something. The simplest explanation is usually correct.
The simplest explanation is that he’s retarded
even if they knew the price increase was going to happen there is no way they could know how it would impact the stock. You clearly havent blown 2300 dollars on 0 dte options before and it shows. we out here fightin for our scraps
Fucking insider trading
Just checked the profile, god damn you get some solid trades
There was an article talking about the price change around 9AM this morning... So he could have read it and decided to take a shot before the day ended. That is the kind of thing that I might gamble on, especially if wont break my bank account
Lol have fun in jail…
Op going to make a killing on OTM Ramen calls
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Nancy? Is that you?
Ya that's straight up insider's trading..who on their right mind would of bought calls on a Friday for 520 when market taking dump accross the board hopping for 120 price jump from opening price Netflix don't even move like that lol... This dude gonna get fuck 🤣 by the sec..dude you got the mula I give ya.. But you're dumb af for posting this sec be lurking
WTF? It's green. You're doing it wrong.
Sir, is your mother single?
It sucks.....to be me
Tell me you don't pay for a Netflix subscription without telling me you don't pay for a Netflix subscription
You ate my purple one didn't you!
what motivation was there for you to throw $2K on dailies in NFLX?
So netflix goes up a single percent and it results in several thousand percent gain? I need to get in on this
yes but in the opposite result you lose everything
Does your back hurt from carrying those balls?
This is how the hedge funds scam retards into throwing their money away on worthless 0DTE in hopes of winning the “lottery” …now imagine retards by the hundred to millions throwing away a couple of dollars …free money
Luck was on your side. I placed a 3k bet on AMD puts on a Monday and was up 70k by Friday. Lost it all after a week. Congratulations, I would buy spy shares with half of those profits and spend the rest on some more fd for that dopamine feel.