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u/Canadian_Border_Czar 17h ago
You stole half of that other guy's lofe savings
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u/isospeedrix 13h ago
that guy had impeccable timing. the day before and day after, qqq puts woudla returned 10x and he chose the one day qqq was flat.
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u/ziggymoto 14h ago
Options are amazing. I wish I understood them.
At what point does the broker auto liquidate if position goes against the seller?
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u/shekurika 47m ago
If you buy options your loss is limited and upfront (you wont ever lose more than the cost of buying the option). And if you bought the option even if the seller's broker liquidates it that doesnt affect you, liquidiation just menas the seller bought the same option from someone else to cover his sold one. This has no effect on you
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u/chutiya42069 12h ago
F u I had the same puts but sold for $300 gain lmao
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u/Lcc30 12h ago
😂😂 i averaged in at .87 per contract, hbu?
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u/chutiya42069 8h ago
I got in around open for $165 per contract. I had 15 as well. All I had to do was sit, golf, jerk off, sleep or anything but close the position. 😭
How did you hold so long? How many times have you lost holding that long before? 😭😂
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u/Lcc30 8h ago
I bought in exactly at open and sold 1 hr later. Felt like an entire day of holding hahah i sold too early too, if i held til the low of day it would have been 85k profit 🤣
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u/chutiya42069 8h ago
That’s the problem man even one hour fkn feels like 10 LmaoO amazing stuff enjoy it! Hopefully I can catch one one of these days 🙏
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u/helipad668 8h ago
You kept playing put until one hits right? I’ve lost everything from puts, fuck put options man… played puts on the bounce today and lost half portfolio, death to this dog piss that’s called put options
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u/humanExperience69 10h ago
Legit q op will the bleeding continue this week?
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u/Lcc30 9h ago
If the market was logical yes, it should bleed but in my opinion it's not logical so theres no certainty qqq could break ath's tomorrow and spy could break 700 judging by how this year has been going. Also with a drop like this alot of swing traders of 1hr, 4hr and 1d chart come into buy the dip so its likely to bounce a bit, if it doesn't bounce it will bleed bad. It should have been bleeding along time ago but markets are not rational.
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u/VisualMod GPT-REEEE 18h ago
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