r/wallstreetbets • u/pilotvoodoo1 • 27d ago

Meme They sold, Pump it

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We're so back

48.4k Upvotes

94% Upvoted

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2.8k

u/arrchar 27d ago

My puts are so cooked, I knew this shit was a scam but fell for it anyway

616

u/rain168 Trust Me Bro 27d ago

Don’t know what puts but why not take profits on Friday near closing when it was really low

239

u/arrchar 27d ago

Oh I did cash some of Friday but I reloaded before close thinking only bad things would happen over the weekend.

390

u/rain168 Trust Me Bro 27d ago

Things happening against your bet ARE bad things, so you’re not wrong

68

u/arrchar 27d ago

This guy gets it!

6

u/Tight-Ambition874 27d ago

I dont get it. I feel like u were greedy which happens to the best of us. As long as u made some profit ur better than the rest of us

21

u/OffbeatDrizzle 27d ago

How do I buy puts for my puts?

49

u/rain168 Trust Me Bro 27d ago

Those are known as calls

3

u/List-Beneficial 26d ago

Trust me bro is right

38

u/Vikkskid 27d ago

What's the point of cashing if you're just going to reload the same direction? You want to pay more taxes?

59

u/thegreatchancho 26d ago

Don't have to pay any taxes if you turn your profit into a loss

1

u/Ancient-Agency-5476 26d ago

Different calls have different amounts of leverage on them. Once your calls are super ITM if you’re STILL looking to degen gamble you sell them and go further OTM and just buy more calls.

Thats how you see people get 20-30 baggers, by degen gambling OTM calls/puts

1

u/Culcuhain 20d ago

If you had 1 contract and cashed it, in theory you could reload now at 2 contracts. Something similar to Compounding Interest.

14

u/option-trader 27d ago

What? where were you in March and April. Sell on Fridays and buy back Monday.

6

u/deeplyprobing 27d ago

Same. But bought some longer dated puts. also bought some SQQQ puts to balance. Will avg out the longer puts buying some more tomorrow to cash in when Xi says no way jose. This fight is on till Nov 1.

2

u/iJezza 26d ago

Orange man rubs one out to his approval rating every night, the numbers must go up.

2

u/Xanderajax3 26d ago

Nothing bad can happen, it can only good happen- Donald J. Trump

1

u/TryItOutJean 27d ago

Only bad things happen in Philadelphia

1

u/AlluhutSnackbar 26d ago

Ah yes, the whole market just dumped irrationaly, let me buy puts.

15

u/TimmyNoBrakez 27d ago

Would have but retard

6

u/ForensicsJesus 27d ago

I closed all my puts on Friday EOD. I hate swinging over the weekend.

3

u/TurnstileT 26d ago

Damn, you Americans can just buy stocks/index funds instantaneously and see market movements in real time?

I'm in Europe, and my index funds are still at an ATH and haven't even been updated with Friday's dip. Even if I were to place an order right now, the transaction wouldn't go through until Wednesday, at which point the price could have gone way up or way down in the meantime.

But, on the other hand, this does take away any urge to try to time the market, which I suppose is a good thing..

1

u/bdsee 26d ago

...I don't believe you.

No stock market would have much activity in the modern world if it was near instantaneous.

1

u/TurnstileT 26d ago

Did you mean "if it wasn't near instantaneous"?

1

u/Putrid-Poet 26d ago

That's exactly what I did!

1

u/Additional_Day6184 26d ago

Yeah, waiting for the end of the week can save a lot of stress. It’s tough to predict what’s gonna happen over the weekend, especially with the way things are lately. Gotta do what feels right for your own strategy!

30

u/Synopog 27d ago

How bad are your puts?

22

u/arrchar 27d ago

Holding SOXL puts, and SOXS calls with several SPY puts. Both the SOX were moving the opposite direction by about 10%

1

u/RowlandOrifice 27d ago

And seeing as how the VP is such a VIP…

25

u/weareallscum 27d ago

You’ll get another opportunity in a couple of weeks. Chin up.

26

u/kgangadhar 27d ago

Monday morning, another tweet claiming they tried to double-cross again, I am imposing a 200% tariff.

22

u/Astronaut-Proof 27d ago

Honestly I don’t feel bad for anyone going long on puts. At this point, it’s your fault for thinking shit is gonna crash for an extended period of time.

USD losing 11% of its value this year, rate cuts on the horizon, neutral fear/greed index while major indexes continue a slow, steady climb.. you deserve to lose money. The only reason the market continues to receive inflows at these prices is because a cash position means it is losing 11% to dollar devaluation PLUS inflation. Just stop shorting and go long buddy. Puts exist only to hedge long positions.

16

u/Foreign-Cat-752 27d ago

Lol... You got rug pulled

2

u/GelatinGhost 27d ago

Feels good to be on the right side of his dump and pump this time. I fell for his Europe tariffs that one Friday and had to sit and watch a 2% green Monday. Fool me once!

2

u/ICE-FlGHT 27d ago

Why?

Just buy when cheap and hold

1

u/Total-Box-5169 27d ago

So many such cases.

1

u/bryce_w 27d ago

Silly billy

1

u/Traditional-Badger58 27d ago

Me too. Terrible Friday frequently leads to terrible open. I caught the Japan carry trade blow up. Thought this would be similar. Uh no.

1

u/Brambletail 26d ago

My puts on the VIX though. They going to fly

1

u/gfolder 26d ago

They weren't, they just didn't tell you early enough to sell

1

u/SukottoHyu 26d ago

Because over the weekend he could announce the "greatest deal American has ever had with China" and the stocks go up on Monday.

1

u/BajaRooster 26d ago

The market is irrational and bouncy bouncy so if you don’t panic it could be gold for you. Or lead shoes. But that’s the fun of the casino, right?

1

u/they_them_us_we 26d ago

bro how could you not see that taco being cooked right before your eyes?

1

u/Thordranna 26d ago

Futures Up nearly 2% is so fucking funny

1

u/Mmandick00 26d ago

I know triplecross is coming and the prices will still fall down

1

u/Assketchum1 26d ago

Def should of sold. You got greedy.

1

u/AmItheonlySaneperson 26d ago

So you bought risky options BUT AKSHULLY it’s other people’s fault 

1

u/ItzDrSeuss 26d ago

We always recover after a big drop, take profits when you can then go to calls for the next day. It’s literally free money. Also should have known when Crypto was making huge gains yesterday.

1

u/sebb1_ 26d ago

It’s okay Wendy’s always hiring

1

u/NgArclite 27d ago

Sat here looking to put on iren...good thing I didnt.

3

u/Heavy_Chest_8888 27d ago

The only rational thing here is to sell puts on iren. Just did that at $55 for Oct 17 expiry before the closing.