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Markets are at all time highs and I still managed to lose 3200 on Friday in expired Calls with more losses upcoming Friday.
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View Reddit by Wild-Belt-8122 – View Source
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33 responses to “Markets are at all time highs and I still managed to lose 3200 on Friday in expired Calls with more losses upcoming Friday.”
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Options explained: you have the OPTION to lose your money very quickly or you have the OPTION to lose it almost immediately.
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Im very confused why anyone would ride a 100 AMD call to expiration.
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My portfolio is all red, too. You are in it with a lot of people. Just enjoy your weekend and worry later.
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The market is green but most people’s positions are red because the top companies within the S&P 500 are carrying the whole market on their backs.
Edit: holy blowup Batman. Probably my most upvoted comment across all my reddit accounts. Lol. Thanks for the awards as well, but please, use that money towards HODL’ing your favorite meme stocks/crypto coins instead of on me. #ToTheMoon!
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options – even when you’re right, you’re wrong
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That’s why I only invest in gas station dick pill companies
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Congratulations sir, you might be taking losses, but you will be recognized as a certified retard in this wonderful community. This is the way
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Me too, despite my best efforts. I guess it comes with the territory.
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Yeah, I’m not sure where the market is going up… all I see is red, except in the indexes.
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I was almost hoping to see PLTR in there. got greedy when she hit 25$ Tuesday, thought it was only up from there, kept the calls, now instead of 140% gains that turned to 100% loss more fun than a scratch-off tho lol
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Please explain to me your thought process as to how CRM was going to get anywhere near your strike by that date.
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If it makes you feel better the idiots that manage my pension plan actually managed to lose money throughout 2020.
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Your loses are mostly guaranteed when you buy options out-of-the-money that far.There should be no surprise here.
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Buying calls or puts have been always hit and miss for me. But selling puts whenever good names drop is close to 99% success for me, sold puts atleast 50+ times and have never been assigned.
I was selling puts on names which im ready to hold – AMD,NKE, MSFT,WMT,AMZN, INTC ,BABA to name a few.
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Market movement has nothing to do with options. Success in options are purely based on the correctness of your speculation. You can lose money on a stock that doubles if you thought it would triple.
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I’ve crawled my way back from many losses, roughly 10k being the most. It’s not a good sight but there is money to made every day in the battlefield and even with some of the stupid comments on here. But if you can’t watch the market all day every day, then I do not suggest weekly options as a viable strategy to generate wealth. Go ATM a few months out and cut losses at your desired risk, mine is 15-25% loss. If I’m positive a few a weeks ahead then I’ll sell and use profit to buy shares. I won’t be a millionaire anytime soon but I also won’t be broke either.
Yes, options trading can be a casino but only if you treat it like one.
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What the fuck are those strikes!?
Please explain, 100C on AMD? What???
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That’s 100% how it goes. I’m heading for a hard mental breakdown on Tuesday when sndl doesn’t go up on 4/20
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Fwiw the markets’ are at an all time high a lot.
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Portfolio taking a 30% cut… I’d be crying if I wasn’t already laughing at how everything is 💲✔️except the dumpster🗑️🔥 fire I hold. Btw I hold $QS 🤡
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Are you me? Lost 3000 Friday on expired calld
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Fcel gang
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That’s a great example of so called wealth redistribution. When dumb money goes to smart money. Good job!
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Why didn’t you buy SPY calls instead of retarded calls?
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Markets are all time high but I’m down 60% with fucking $BB.
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Spreading out and diversifying your losses. Good retard.
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Have you tried turning it off and back on again?
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I have amd call expiry this Friday 85 C so.. most likely I am gonna lose money too.
Let’s see, -
3200$ is postable?
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My spy 400c was a week too early
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Fun fact: you don’t have to hold options to expiry. In fact, if your thesis remains the same, you can and should probably roll your OTM long calls about 21 days to expiry to avoid the steepest time decay. If you like the stock, stay in the trade, but just in a more option-efficient manner! That said, if you want to just be a degenerate and gamble on weeklies, go right ahead lol
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Why let them expire? Cut your losers quickly. Theta decay ramps up hard closer to expiration
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Man so much red for so much green … weird af… ape no get it
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