On Friday evening before market close, I bought about $30,000 in SPY puts expiring this week and the following week. Then the strikes in Iran took place Saturday morning. Anticipating a sharp drop-off/sell-off Monday morning at open with some panick-selling occuring. Entry when SPY was around 683
The Ayatollah was confirmed dead, not to mention an untold number of Iranian government officials and civilians, as well as at least three US Servicemembers now. Never would have imagined the conflict to become what it is at this point.
Even if this position does pan out to be good, the news behind it certainly won't. Expect significant market volatility this coming week.
https://i.redd.it/3hm5z6phdgmg1.png
Posted by _DangerousFreedom_
24 Comments
RIP
Attack is over and was priced in. You are probably in trouble monday.
RIPPPP
The market is more concerned with SPY’s success than with the war with Iran.
OOF
🏴☠️
Oh you poor summer child
I have a meme to post here in 10 hours
Just a guess that something would happen over the weekend or are you a permabear?
30k down the drain just like that
It depends on whether you have time to sell on Monday
https://preview.redd.it/4k4zf8lzegmg1.jpeg?width=196&format=pjpg&auto=webp&s=b992cc0b068b3b4e595f403711b3b872bca1bf00
Nobody knows what is going to happen. But if you look at mag 7 stocks its buy buy buy. So tank it everyone buys. If we get a pump then people have to actually make tough decisions. Max pain is higher imo
Damn you should check out what the market does during wars
Oh thank god!
This means the markets going to rip.
I think brothers gonna print. The market is jittery as fuck and two old angry men dropping bombs just killed a third angry man and this shit is just getting started
My condolences, hope your nana is still kicking
Wait are my calls saved??
I genuinely do not understand how people think we open up green tonight/ tomorrow. At the very least, we have a drastically sharp drop, intense bounce, and then slow burn downward.
bitcoin doing pretty well rn
https://preview.redd.it/yu06xndnggmg1.jpeg?width=392&format=pjpg&auto=webp&s=abf4312356e5c39d38f4b47335113a36f21d6ed0
You are so fucked
None cares about the middle east. They’ve been at war for a 100 years. SPY opens green tomorrow.
Calls it is!
Idunno. Bitcoin is propping up. Might be a sign that this bipolar market may be happy about this outcome.
From what I’ve learned and experienced so far, whatever you think will happen because of some event or market condition, SPY will likely move the opposite way or just chop. Good luck though!