YOLO'd Entire Account on Puts

[zghorner]

If next week isn’t red My wife will kick me out and I’ll be forced to move into a cardboard box. Daddy Trump Cucked me to death Friday but still holding.

 

[PoopyDeek]

Dow was up over 1K before Trump had the presser. It gained another 1K in the last few mins of the session.

 

[zghorner]

Dow was up over 1K before Trump had the presser. It gained another 1K in the last few mins of the session.

What do you expect Monday to be like?

 

[Supermariotx]

Monday likely won't be so bad. However, I expect an epic dip next week or the following week.

 

[.sigma]

I once bought a burrito for a filthy homeless girl...

Sounds like a porn scene.

 

[Pkay]

you might be a bit early. I'd see how this current level tests and short the top of the retest. Use a weekly or daily chart. then buy the puts with delta and some time value. Keep it simple and you will print some serious money.

"Use a weekly or daily chart. then buy the puts with delta and some time value. "

Thanks for this. I sort of understand what you are saying but could you please expand on this? Are you using a weekly chart to see if a top retest fails and retraces back down?

After that you buy a long dated put option with what sort of delta? More than 50?

Thanks.

 

[Pekelo]

What do you expect Monday to be like?

We should open 1000 points down.

 

[themickey]

We should open 1000 points down.

 

[Pekelo]

This guy put it into 10 000 words:

https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Ffit5yg%252F

 

[Pekelo]

I never used this site before, so we shall see how accurate it is.

https://www.ig.com/au/indices/markets-indices/weekend-wall-street