YOLO'd Entire Account on Puts

Discussion in 'Options' started by zghorner, Mar 12, 2020.

  1. If you have to ask us, just sell em all, buy some beer and enjoy life.
     
    #91     Mar 18, 2020
  2. FrankInLa

    FrankInLa

    So, what happened here?
     
    #92     Apr 4, 2020
    zghorner likes this.
  3. zghorner

    zghorner

    I cashed out near $39k profits and have put most of it back into further dated puts, (may/June). Most of those have lost a lot of value these past two weeks as the markets have clawed their way north but I am still convinced I should hold for now. My account is ~$30k cash so if worst case scenario happens and I get wiped out I will still have something I can come back with.
     
    #93     Apr 4, 2020
    monet likes this.
  4. FrankInLa

    FrankInLa

    How much are you under with the new puts? Care to share a screenshot of your positions? Btw, kudos to you for sharing your screenshots. I have done so myself recently, wished there were more who do so. Add a lot in terms of credibility.

     
    #94     Apr 4, 2020
    zghorner likes this.
  5. zghorner

    zghorner

    Yea I’ll post one up later I’m still being lazy in bed reading “market wizards” haha.
     
    #95     Apr 4, 2020
  6. zghorner

    zghorner

    [​IMG]

    Obviously WWE is the bane of my existence. Wrestlemania is this weekend and i expect it to drop hard with nothing to look forward to for several months. Most of my positions are dependent on the S&P performance (foreign ETFs barely have a mind of their own), they just had much lower premiums that SPY. I will give it until earnings the next week or two...if the bull doesn't yield after everyone releases negative earnings then I will have to bow out and wait until i am comfortable with going long.
     
    #96     Apr 4, 2020
    FrankInLa likes this.