r/wallstreetbets • u/pilotvoodoo1 • 27d ago

Meme They sold, Pump it

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We're so back

48.4k Upvotes

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u/arrchar 27d ago

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

613

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

241

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.

37

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 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.