YOLO'd Entire Account on Puts

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

  1. zghorner

    zghorner

    When “I’m fucked” is used in negative fashion it means “I, male, am getting fucked in the ass by giant bull cock” which some of us consider bad. Even though I’m a gay bear right now I’m not a GAAAAY bear. “Prison gay bear” might describe me best I suppose.
     
    #71     Mar 15, 2020
  2. FriskyCat

    FriskyCat

    Paulson and Bernanke looking better by the day.
     
    #72     Mar 15, 2020
  3. kpercent

    kpercent Guest

    Funny, r/wallstreetbets was made private for an hour or so today. When it was set public again that guy's account and posts have been deleted.
     
    #73     Mar 15, 2020
  4. Pekelo

    Pekelo

    Yeah I am reading the story right now, will post about it in the separate thread containing his post. There is some conspiracy going on...
     
    #74     Mar 15, 2020
    zghorner likes this.
  5. zghorner

    zghorner

    Quick question, if the market gets shut down tomorrow what happens to my spy put that is also expiring tomorrow?
     
    #75     Mar 15, 2020
  6. Pre-hours circuit breaker is 5%. However, during the regular trading hours it’s first 7% and then 13%. Also, even if trading is halted, OCC honors option assignments as far as I remember.
     
    #76     Mar 15, 2020
    zghorner likes this.
  7. What is/are your strike(s)?
     
    #77     Mar 15, 2020
  8. zghorner

    zghorner

    SPY $279 Put.

    unfortunately it is my smallest position I bought timidly the day before i decided to YOLO everything. It was the first trade I have made all year, timid after doing so poorly last year i took a several month break.
     
    #78     Mar 15, 2020
  9. zghorner

    zghorner

    probably going to close most of my positions today and buy more puts with a late May/June expiration. Thinking about putting some of it into a leveraged ETF...would like to hear some opinions on that move if you all wouldnt mind.

    thanks a ton so far for all of the comments and support.

    EDIT: what about some DUST calls just for some good old fashioned gold love?
     
    Last edited: Mar 16, 2020
    #79     Mar 16, 2020
  10. Buy volatility, like UVXY safer bet than weekly options, volatility should trend higher for the next few weeks...good luck!
     
    #80     Mar 16, 2020
    zghorner likes this.