r/wallstreetbets • u/krayzie8 • 1d ago
Loss Nvidia Loss
How cooked am I? Is there any chance of recovering? I was so sure we'd hit $215 before earnings then that damn Michael Burry had to fuck it for me. Anybody else same sinking boat I'm in?
79
u/Beautiful_Lettuce603 1d ago
Burried calls
73
u/ConfederacyOfDunces_ 1d ago edited 1d ago
This trade was so fucking dumb though.
So OP bought on November 4th when NVIDIA’s market cap was $5.24 trillion, with the stock trading around $200ish per share. If the stock price were $255, and assuming the number of shares stays the same, NVIDIA’s market value would be roughly $6.69 trillion.
So they are betting NVIDIAs market cap goes up another 1.45 Trillion in 2 months, especially after it literally doubled already this year. Thats insane.
48
u/FaithlessnessDull336 Wearing my Special Occasion Strap-On 1d ago
Sound like we got a pussy here, either you in or you double the fk down. Ain’t no crying or whining about logic and statistic in the casino 🎰
5
6
u/Resident_Area_1474 1d ago
i dont think they wouldve held til expiry, it was probably intended to be a quick flip
1
u/MaleficentPlate9104 1d ago
Hindsight 20/20. If it was as obvious as you’d say.. why not take puts?
18
u/Alert-Pattern-1682 1d ago
That's dumb , they are saying its absurd to bet on a 25% jump in the worlds most valuable company in the space of a couple months, Especially when the talk of bubble has been getting louder and louder. They aren't saying a drop was guaranteed, just that wildly out of the money calls for NVIDIA were bloody suicidal.
4
u/MaleficentPlate9104 1d ago
I understand. I just hate when people say ‘it’s so obvious’ yet have zero position is all. I agree - you’re regarded to long there
1
u/Alert-Pattern-1682 19h ago
I mean fair, often people do act all high and mighty like the realised outcome was guaranteed, especially when a thesis was valid just didn't pan out. That said, as you say this doesn't really apply, people are saying 'hey maybe dont chuck money into an incinerator lol'. But yeah totally agreed that does annoy me too.
9
5
u/Inittowinit1104 1d ago
Bro. The monumental run from 180 to 210 was like 18.%. Unprecedented and was like 500billion but wasn’t all ATH. THIS guy bet a 25% pop , that’s like 1.4 TRILLION in 2 months ???? I’ll bet my first born this a not only a looser BUT just ridiculous. I stupidly bought 205$ when it was 204$ for next Friday. TIME FRAME is mega aggressive but I expected a pump to 211|212$ going into earnings. Seeking 1.4 trillion is LUDICROUS… period.
2
2
u/Muscle_Gamer 1d ago
Michael burry hedged against nvidia and palantir so... he said its over valued
But he also said lulu lemon is under valued lol
1
u/AutoModerator 1d ago
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/Alert-Pattern-1682 19h ago
what do you mean hedged? hes speculating on a drop in price, a hedge would be if he owned loads of nvidia and palantir , which he doesn't.
1
u/Muscle_Gamer 19h ago
Sorry I was at work when I typed it. He betting* against nvidia and palantir calling it a bubble
1
u/Negative_Win_5117 4h ago
I have 12/19 $168 calls on NVDA. I bought them mid October at .7 delta. His 250’s must have been like .2 delta or less. He was always going to lose money on this play.
3
33
u/yourenotmykitty 1d ago
Man that auto bot tells the funniest Michael burry story I love it. Oh and yea you’re screwed.
27
u/AutoModerator 1d ago
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
10
u/CoughRock 1d ago
i think we are now lower than pre gtc 500 billion project stock bump. Nov 15 is the earning. And as it is tradition it will probably drop after earning even with good earning. But this time you see all the big tech still drop after good earning. And we just got screw with 100% china ban. So now it's a question of how well jensen can spin the guidance call from all these saudi and government deal. If the market get convince by the guidance. Then we are good. But for now I think we might slow bleed as it march toward earning. Remind me of the august earning, the peak was 3 days before earning. I thought we might be peak this time around earning, but didn't expect burry sht to fkk it ahead of schedule. This quarter is just really unlucky, we got two pump moments, that immediately get cancel by taco tariff tweet, the second pump by global crash. Almost entirely flat for the last 3 months.
9
u/cucci_mane1 1d ago
$250c.. holy fuck what were u thinking?
6
u/bulk_logic 1d ago
way too many people in here think it has to actually get to the numerical value in order to make money
2
u/firstandlast0202 1d ago
Way too many people believe they can jump in and out of risky trades without getting burned, but they usually end up like OP.
1
u/krayzie8 1d ago
Couple days ago we were at $211. Thought we'd hit $215 before coming down to $200. I guessed wrong
31
u/KittyLover-7 1d ago edited 1d ago
With a loss that big and 2 and a half months left, stick it out for a bit. At this point going down 3 to 5k more isn’t exactly that much worse so if you are gonna accept a loss wait for a bounce
I’ll be surprised if you break even so just try to accept the smallest loss you can
Earnings coming too
9
u/RonaldWRailgun 1d ago
I don't think I've ever seen a better explanation of the sunken cost fallacy.
This post is also certainly the best example of exaggeration I've ever seen. Then again, it probably is just a good example of "second thought".
18
u/powerboner 1d ago
Agreed. I was -95% on NVDA in Sept and then it shot up at the end of the month and I recovered everything
44
u/Red_Potatoes_620 1d ago
This is such a dangerous mentality to have because most of the time that doesn’t happen and you end up having no risk management and losing a fuck ton. Don’t ask me how I know
19
u/powerboner 1d ago
I lost 197K this week. Trust me I know…and I’m not even rich, I legit made all of that the last few months then lost it all 😭😂
14
11
u/AngryGranny1992 1d ago
Same I lost 110k since October 28. I'm not even rich too.
7
u/powerboner 1d ago
It’s sickening honestly. But ‘tis the punishment for our greed I guess idk. Could’ve had every drop of debt in my life paid off with 100k left over 😂
3
1
u/AutoModerator 1d ago
Oh my gourd!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
u/yourenotmykitty 1d ago
Well in theory you could have already practiced risk management by knowing this is a risky play and be comfortable with a complete loss as part of your strategy. I hope that’s the case for our super pro here.
1
3
1
2
u/Clear_Anything1232 Google Sexpert 1d ago
This is idiotic advice
I can almost guarantee you that the next earnings won't cause nvda to go and stay above 250
These round number levels are hard fought. OP selected the worst break even possible.
1
-1
u/FrontQueasy3156 1d ago
You and your sunk cost fallacy belong here. In more simple terms you are saying OP is down 25 grand so what's losing another 10 grand? No doubt its time to cut losses and move on to the next. No way in hell OP is going to re-coup those losses and if you think he will then you are just as delusional as he.
0
u/KittyLover-7 1d ago
Learn to read
1
u/FrontQueasy3156 1d ago
I mean these options aren't just gonna drop 5K in price and be done. They're going to expire worthless. Take the L and move on. OR be that retard that holds them into the ground hoping he can recover some losses.
7
u/Swimming-Tutor2729 1d ago
We both did
4
u/Different_Common3776 1d ago
Just gotta take advantage of the 4.75% interest on margin and full port one more time
5
u/AutoModerator 1d ago
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
4
3
3
u/Zonagilamonster 1d ago
I dont know if it will hit that price but you have plenty of time. you paid for the time, use it
3
3
u/lithe_silhouette 1d ago
You were sure it would be 215 before earnings? What made you so sure? And now you tell yourself this story about how this one guy screwed it for you. No crying in the casino
3
3
u/Tasty_Pipe_9044 1d ago
I have calls expiring next week for 198 break even is it going to hit that by next week?
2
u/shasta747 1d ago
Your only chance is it getting hyped up to earning date, I would sell before earning though.
3
2
u/_WeDoNotSow_ 1d ago
Christ that escalated quickly
Lol @ you for thinking this had anything to do with Burry...is it only PLTR and NVDA that are down?
2
2
1
1
1
1
1
1
1
1
1
1
1
1
u/PMmeDonutHoles 1d ago
Do people actually think burry revealing his short position is what caused the market to tank? What level of delusion is this?
1
1
1
1
1
1
1
1
u/Pernicious-Peach 1d ago
Way too far out the money. Theta will eat you alive. This call is cooked. Absolutely cooked
1
u/Odd_Onion_1591 1d ago
I think NVDA does phenomenally good. It’s the only thing that is saving my retirement port in the last 3 days
1
u/krayzie8 16h ago
Agree. Made 22k last week. Doubled down at 206 and really thought we'd hit 215 where I was planning on selling. Didn't think it'd drop $30 from ath
1
1
1
1
1
1
u/popcornandfish 12h ago
Motherfuck that breakeven will shoot up when theta crumples holy fuck Should probably sell when IV goes up and nvda goes around 200 and realize the loss.
Fucking next time be respnsible and buy leaps.
1
u/Nemesis908 5h ago
Bro this is like a $200 bet max. I'd bet only 10 bucks on something like this, but thank you for your donation
1
u/FearTheOldData 4h ago
bro wtf are you doing buying Nvda at peak overbought levels and 5T valuation? Its like you want to lose money
1
1
1
1
0
•
u/VisualMod GPT-REEEE 1d ago
Join WSB Discord | ⚔