Entered SPY 656 0dte puts at 10:10 AM. Bought 100 @ 1.75 and saw no upside. Bought 85 @ 1.15 as an avg in. 1.47 overall. At 10:45 they were worth .89 -38% -$10,400. Knew the drop was coming and wanted minimum of 2.00, however I was using margin and was getting at risk of being margin called around this point.
This was bad psychology, I took an unnecessarily large yolo today which I don’t typically do (Maybe once a month 😉). But seeing the risk I was at I truly started pacing worried lol. By 11:00 it dropped to .69 valued at $12,750. As a family of 4 where I’m the only income earner, being down 14.5k – 7 months rent; I was truly crapping my pants.
Come 11:11 my wish came true and I saw green! I can’t lie to you all, I wussy handed 95 cons out at 1.43. It was getting very bouncy around here and with the aforementioned I had to derisk.
Moments later…. F’ing paid degen I am!!! Sold 80 contracts at 2.00 $16k. Sold 8 more at 2.11 and the final 2 at 2.48 115%.
At the top it reached 3.06 briefly, massive opportunity, didn’t squeeze it all but I am BLESSSED to have made it out alive and decently paid today.
https://www.reddit.com/gallery/1s3ijxa
Posted by bmoss350
16 Comments
U regard… you can click your account balance and it will block out your portfolio….
Try the samething on WRD and make some money
bro risked rent for his family, one wrong move and they would’ve been eating ice soup for a year
The pros to you gambling rent is that your family will be getting free meals at Wendy’s soon if your manager is nice. Always look for the silver lining.
Margin is calling
Who’s calling you then?
See you in the casino tomorrow.
All these stickied “User Report” bots in here and still nobody’s reported the real crime: 27k SPY puts on margin. Post the positions so we can properly judge you (and copy it irresponsibly).
Bro it’s one thing to gamble when you have no responsibility and no bills to pay but it sounds like you’re gambling with money you can’t afford to lose + a family of 4. That doesn’t sound very good
Blurring is pussy shit
A real man wouldn’t risk family rent but rather offer his bussy and mouth for service at the dumpsters
Dude why did you hang up on me? I’m from Robinhood.
Congratulations! The boy who was anally penetrated
Send your girl over to me so she knows what a real man looks like
You were also going against the clock with that 7% phone battery….
In 10 years OP will be selling the car he got for his kid(s) and telling his kids that their college fund was liquidated years ago when they’re submitting their paperwork to enroll