I had posted a couple of weeks ago about going long puts until this thing was over. I have stuck to that strategy and while some days(including that 2nd day out the gate that yall roasted me) sucked, the last 3 days have paid off well. Net up $238k…
https://www.reddit.com/gallery/1rzh8c3
Posted by Trader0721
9 Comments
This is nuts
Weekend position…Monday expiry long 250 Puts ranging strikes from 647-657…short 100 Puts ranging in strikes 240-245…was short 75 that I closed out late in the session on the run up.ill probably cut back on the positions as I’ve captured a lot of the move and have actually gained the past week…
this is the most amount of different puts strikes i ever seen lol. You should sell all of it and choose 3 strikes. Leaps, 3-6 months, a few weeks to month or two. You dont need every fucking number LOL
Edit: wait, you did it every day. And you actually crushed it damn crazy
Let it ride
This is the shit we come to this sub for
Please tell me you sold bro because 🥭 is pulling out of Iran. News in after market close.
You are a convict. A convicted trader!
I didn’t follow my strategy and diverged and cost me my last 2 weeks of gains. How do you stay convicted without second guessing.
dude, that’s wild! congrats on the gains! i can only imagine the rollercoaster you went through. those puts on POST really turned out to be a solid play, huh? you feeling like a market genius now? lol. any plans on what you’re doing with the profits?
Any specific reason you’re not trading SPX?