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    SLV puts capitulation, shouldn’t have pushed my luck

    Previous gain posts:

    Recent gain: https://www.reddit.com/r/wallstreetbets/s/bcrsPkYn0Z

    Previous gain: https://www.reddit.com/r/wallstreetbets/s/L6ZkxhMm1b

    First yolo: https://www.reddit.com/r/wallstreetbets/s/dwOrgL6EgG

    Turned my $16K gain last week into an $18K loss due to greed and rising political tensions with Iran (I also got flagged as a pattern day trader to close my position lol) I thought the FOMC meeting notes yesterday being hawkish would have a greater impact but nobody read it or didn’t care. Everyone’s eyes are on the Middle East right now instead. For redemption (or revenge) I have sold 2 puts at $71 strike expiring tomorrow, hopefully I get assigned and then we pump over the weekend or it tanks and I hold the bag while you regards betting against me lose on your calls muhahahaha

    https://www.reddit.com/gallery/1r9bs3w

    Posted by thehandsoap

    16 Comments

    1. Anomaly008 on

      Yeah, I don’t understand how some of you decided to short silver further after it dropped more than 30% in a day. Kinda regarded.

    5. illinformed-will on

      Bow to your new metal god you highly regarded gambler, toss and burn those AI stocks idols on the ground 🔥

    7. Ill_Ground_1572 on

      Well it was supposed to drop because the Shanghai exchange is closed for Chinese New Year.

      So it could boom when they get back horny for silver after the holidays.

      But who the hell knows…other than only a true degenerate would gamble on silver these days.

    10. Cav829 on

      RIP. Yeah, I fully expect it to go lower, but that’d be a lot to expect another huge drop so quickly.

    12. CaseyStoner on

      I have been bag holding $111 calls since the literal top. Bought the close on the day prior to the 30% hair cut. I kept buying more and more and ended up selling all 65 contracts for a loss today. I needed SLV to run like 25% this week and it just did not happen. Contracts were dead.

    13. lithe_silhouette on

      People throw the dice and win several times in a row then start connecting those results to geopolitical events, thinking they in fact predicted the price movement with facts and logic. It doesn’t happen as much in here, but other finance subs are littered with this sort of delusions.

      Then, when confidence in one’s proven skills is at all time high, they go all in on something and never come back

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