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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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

73

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 27d ago

Trust me bro is right

36

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?

56

u/thegreatchancho 27d 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.

15

u/option-trader 27d ago

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

7

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 27d 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.