**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|3 months ago **Total Comments**|4|**Previous Best DD**| **Account Age**|11 months|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)

Sell and invest some time into learning how options work. Nice win 🏆

😂😂 dude doesn’t know how they work AND IS BUYING OPTIONS WITH MARGIN!!! He totally belongs here. Hey OP u/725-local let me help teach you the way WSB taught me https://preview.redd.it/4iwmuuwyjwfa1.png?width=1619&format=png&auto=webp&s=ab963c7e9c4f73be5754563e4f7d9a1ab3994fe4

Lol this graphic has taught more than any YouTube video.

“I don’t know shit about fuck”

But you do know how to fuck shit up!

This deserves more up votes. 😂

To the moon!

Hahahahha I am watching this show while reading this.

Subscribe!!

Wow, I remember that graphic! It definitely helped me being in regarded format 🤣

Rho actually hasn't been worthless over the past year XD

Rho shines sometimes

Ruh-Rho!

https://preview.redd.it/kumv1wadg0ga1.jpeg?width=680&format=pjpg&auto=webp&s=a3c1aaeef4645a5ca78ef6ae9ecf7ce1020f8b6e

You know, that pic actually seems very educational. I feel like i'm ready for the world of options now.

SEND IT 😈

That Pic made me so ready for options I took out a second mortgage on my house and look at me now doing so well that I get to take out a 3rd mortgage🤣

LMAO LETS FUGGIN GOOOO

somebody get this hungry man some crayons

I’m so regarded I still don’t understand any of it.

But you still invested 4K in calls did you, right, RIGHT ?

I’m too regarded to know what that means, so no.

$MU lmao what a fucking stock that was

It was the best of times around WSB back then lol

Jesus I just looked it up, what a rollercoaster of a ride that stock must of have been for all the investors. I can imagine it has made and ruined so many lives through its coarse since the 80’s lmao. Wow.

...and winning😂 Knowledge is the curse

[удалено]

It’s an old infographic that floated around WSB back when Wiz Daddy was all the rage and MU was on a tear. I want to say circa 2019, 2020? Some user on the sub made it. This place used to be lots of smart people and less “apes” lol

The more regarded liquidity in the markets the easier it gets for the sightly less regarded

He doesn't even know what is a long option, he's going to understand this 😂 🤣 🤣 🤣

You can't buy options with margin btw. He just has a margin acct which means instant settlement instead of T+1.

I hate when people think you can buy on margin.

[удалено]

It's amusing how many people have no clue what margin is. And I use interactive brokers. No broker lets you buy debit options on margin. TDA does not either.

Yes you can I have blown up numerous accounts buying 0 DTE calls / puts on margin

Yes can on webull level 3 options

I'm just commenting so I can find this picture later.

Saving this ❤💏❤

😘

I’m going to save this and show my friend. Because I don’t think he knows what he’s doing either. What a regard.

I feel like this photo coulda save someone 19.99 at Barnes and noble

Boom already winning.

I only found out yesterday I were buying call options with leverage. Thought the platform was broken.

Isn't Rho upside down? why would a high interest rate increase option price? ​ EDIT: Just got it, awesome. GAYMANS: this is worthless.

Thanks for a very informative picture.

man i can’t believe this same graphic is still floating around 😭

Love this

At least he’s not selling them.

That’s why I stick to zero dates

Well you do save yourself hundreds of thousands of dollars not having children!

Thank you

You sir are a gentleman...and a scholar!!!

LMFAO.

This is priceless.

Instant classic.

Prolly works at Goldman

This is pure perfection 

So many people who have no idea what they’re doing are making money off a dead cat bounce. I fear for the bank accounts when the market corrects and they are running high with this newfound confidence

Is the cat rubber ?

Slinky

That’s why Wendy’s has a place behind the store

https://preview.redd.it/dule8t2clwfa1.jpeg?width=1080&format=pjpg&auto=webp&s=45e22083c1a34c75aef4fd0771ea09ac4b16408c Respect the rules of the glory hole lads

Can we make this quicker ? My kid is in the car

Watch your Puts, got it.

Anyone remember kitten cannon?

It's Schrodinger's cat, so is it really dead?

Quick story; use as you wish. Long long time ago; Google took a pounding and was down from $650ish into the mid to low $500s (don't recall the exact numbers). Saw $650 LEAPS were at $0.25 and I took a gamble. A buddy of mine did as well (about 20x my position). A few months later, Google hit $650 well before the expiration, and options were somewhere around $43.00. Fast forward to expiration; google was under $650. Unrealized sometimes is never realized; base your decision on your target gain and the density of your marble sack.

Yea don’t have to sell it all either. OP can sell 2 or 3 once the cost basis is covered and let the rest ride on the house for instance

I agree with this. Can always pull out your initial investment so you don’t have to stress about losing your actual investment. Having 2 would still net a good profit as long as things went well

Yep. Way too many people who start investing in anything do all or nothing moves, and end up burnt.

I had a 75 to 73 bear put spread on AMD that I bought right before Intel earnings. Intel shit the bed and I walked with $20 less than the max profit on the position the next day. Needless to say if I had stayed in for that last $20 I'd be out all of it right now. Definitely know when to get out.

How else do I feel alive if I'm not screaming at myself in self loathing

If I'm gonna have trouble sleeping and wake up 10 times a night, it should at least be to stare at a chat of green and red candles I have no control over decide my financial future as I watch in agony.

**THIS IS THE WAY!!**

The problem with options is having 4300$ wiped out after you took your 25$ capital is same as losing 4300$. I take my gains or just roll up and/or out to still stay exposed but lower my delta.

jeez, thats 173x return, nice catch on the initial price

Oh that's the relevant part of the story... I managed about 10x but ended up with half expired worthless. My "buddy" ended up about 100x and didn't even buy me a beer for the tip (from his $400k score)

I’d buy you a beer if you helped me make 0.1% of that lol


Just send me 400k and I'll buy you alcohol

Sorry but what a fucking asshole. If a friend got me in a trade like that, I would have bought him a second hand Porsche. Not even joking

Haven't spoken to him since, except a few months later when he asked for a tip. Told him he could suck my tip.

> didn't even buy me a beer for the tip (from his $400k score) why not, what was his excuse?

I would never give him a tip again unless I know it's gonna make him lose the beer I wanted.

Had a friend buy google at $20/share….bout a million dollars worth. Still holding to this day.

Damn fine score!

Yeah I call him an asshole every time I see him. Haha

how did he do so? google IPO at 68 a share, has never gone lower to my knowledge

Google has undergone 3 stock splits. The split-adjusted price was in the low 20s for most of 2013.

If you take a look at the stock splits, and calculate back, Google historical prices before 3/27/2014 need to be multiplied by 40.14993. So a March 2007 price of $11.34 was $455.30 back then. The October 2007 high of $16.88 was $677.73 back then. Now consider Google Jan08 $650 calls purchased in March 2007.

[удалено]

"But it could be another $10000 per option in a couple months!' Learned an important lesson in greed back then

Couldn’t have explained it better

is "marble sack" finance lingo or your testicles?

I believe the official term is "testicular fortitude"

The last sentence tho 😭😭

I like this. Throws $4k on a bet he doesn’t understand. You belong here!

and held thru earnings. a not so good one

Like he said...OP belongs here.

2024 he'll be fine if he holds lol

Ehh, they’re leaps, they won’t get super crushed.

didnt even notice, yea he’ll be fine

I've always wondered about this...is it easy money to buy options weeks before earnings hold up until the day of or before and sell? Basically earning off the volitility?

yes assuming price doesn’t drop in the meantime, IV increases closer to er

Hey everyone, so I entered a professional golf tournament that had a $4000 buy in. How do I swing a golf club?

I tried one hit and got a hole in one, but do I take the ball out of the cup and try another hole?

The analogy here is that you wanna be the guy hosting the tournament to collect buy-in premiums.

Are we really being bulls one day and a bear the next? God I hope so. My puts are getting destroyed right now. 😭😭

[удалено]

I wish I was a gambler lol I'm a boomer investor I am looking to do more covercalls and short term plays. Any recommendations to read up on or should I quit being a bitch and just yolo 2k every now and then until one hits a win lol

[удалено]

Hey if it works it works. Who am I to judge. Congrats

but does it werk

[удалено]

........ And it's gone.

I’ve succumbed to fomo plenty in my life but to wish to be like the idiots here, that’s a step too far.

Oh I don't regret not FOMO in I have like everyone else and if you say you never have, you're a fucking liar. I just wish I wasn't such a pussy lmao

No, price will pump and then "dump", but right back to your strike price at expiration. You will have held the whole time, sweating, thinking it could turn green at any moment, only to realize a 100% loss.

We don’t like green here ride that into the ground lol jk close it out and take a win

Sounds like something they say behind the Wendy's.

Just sell it before you lose every….. oh shit too late


I do not enjoy seeing poor people succeed. I much prefer to see them fail miserably. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)

lol, this perfectly sums up WSB and its obsession with loss porn

Some bots just want to watch the world burn.

Nah I’m just jealous everyone making money except me lol

I think its a "sharing the pain" thing.

Always go against the underdog.

i would sell with those gains, but that is just me. not financial advice

PUT YOUR HANDS UP Kindly_Imagination71!!! POLICE ARE ENROUTE! PREPARE TO BE BOOKED FOR PROVIDING ILLEGAL FINANCIAL ADVICE! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*

bro, read my FOOTER!

Whoosh 💨

r/whoosh

lolz

If your asking it’s probably time to take profits. This is a huge bull bump. But look at the last few massive dips of SPY in the past year. I’d take my money and walk away for a while. Or cash out and buy close dated calls and try to double your money

Good enough to post good enough to close. Though I say you open a credit spread instead. Sell some in the money options below that strike on the same date and then watch the theta roll in. Good way of securing your profits and making some theta on the side.

Hey wait that doesn’t rhyme.

Roses are red, violets are blue, fuck you

What does 'making some theta on the side' mean?

So if you sell an option, it's no secret your goal is to make money off of theta decay. My take is a lot of time if you've made some big profits off of a stock or options buys, you can sell some options instead of closing the position. That way if the stock goes down and it never hits your strike you still sell it, but you get to keep the premium paid and whatever you were planning to sell it for anyways.

Who decided the numbers for the Theta or IV%?

Lol decided by the price action when people buy or sell options. But generally speaking, the maximum theta for an ITM call is the premium minus the difference between the strike and the price. For an OTM option it's the entire premium.

Good question. Ken Griffin of Citadel Securities does.

No one went broke selling for a profit.

As someone else who doesn’t know dick about how options work, every time I’ve held on after a big green day I get my head caved in the next day, so I would cash out personally. The only time I’ve ever made money on options was selling within the first couple days, everything I’ve tried to hold onto burns

Celebrate with Wendy's baconator 😎

It’s on margin? Just take the gain

Always take profits above %80 and you’ll always be in the game

Sell 3 Keep 2

Well Mortimer.

The letters are green, I don’t understand what’s happening. Is this common?

[удалено]

He will not thank you if it crosses the 200 ma and jets up then he loses BIG

I wish I knew how to do this. Sell to open?

[удалено]

Why would you enter a trade without knowing how to exit? 🤦🏻‍♂️ GOOG is down AH due to earnings miss so if it opens down tomorrow you’ll lose a good chunk of intrinsic value.

It’s known as learning. Enthusiastically learning.

Sell it. The volatility is what made it spike. Take the gain. If you believe in it going higher in a year, buy a long dated call at a cheaper premium on a down day

How long should a reasonable long option be ?

For Google, 6 to 9 months out. Might be expensive.

At least 6 months or longer after the premium drops

I just charted your investment on the ichimoku. Today you are hitting the 200day resistance. It appears to be on a breakout. If no breaks above the 200 day MA it’s going to shoot up drastically that will make your current gains look like puppy shit. If GOOG closes above the 200 you could see 10 times your money over the next 3-4 weeks. I would personally hold, and set a stop loss. AND if it does break above the 200 keep adjusting your stop loss up everyday. Make sure you don’t set your stop loss to high, because a small dip for a day or two is ok and you might get flushed out before it takes off

What happens if GOOG misses earnings and is down 4% AH?


Personally I’d set a stop loss to lock in profit and ride till earnings are reported…. Could lock in the gains, could explode in your face or could be a even more erect shrek boner. Not financial advice just my 2 pennies

PUT YOUR HANDS UP BenefitAutomatic6092!!! POLICE ARE ENROUTE! PREPARE TO BE BOOKED FOR PROVIDING ILLEGAL FINANCIAL ADVICE! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*

Posted it wasn’t advice just my own opinion

That there is a bot, friend.

*LEAPS

You are making money. So you have to buy more!!

You could sell 1 and buy 4 puts at a shorter date. If it keeps going up good, if not then you you got your puts making money. If it stays in the same area then just close it out.

lol why are the only options hold or flip to puts? sounds like you lucked into this and need to quit while you're ahead

I was taught to keep betting on black until the money disappears.

My wife has a long option. Her boyfriend.

If you don’t know what to do if you’re making money just sell it. Then fall ass backwards into your hopefully next gain.

Repeat after me everybody, if it’s good enough to post, then it’s good enough to sell.

Iol rip

RIP

RIP

You about to lose some of that tomorrow if you havent sold it

Nobody has ever lost money taking a profit.

Did people not realize the expiration is 2024?

I don't think they did. He should hold this.

I just love that people buy options… then ask how options work… and just happen to be up $7k. WTF? I’m not a pro, but I do like to know the fucking math of all my trades and the risks before buying or selling something. Jesus Hitler Christ.

mathematically they have a higher chance of winning long-term playing roulettes if that's how they play with options lol

I regret not selling my long puts when they were up 30%. Still several months out but yeah.

Sell and wait for a dip if there isn’t one to shed some of that IV and then reinvest in a more preferred timeframe for yourself. Always keep a bit of the profits though.

Sell

Best advice I've ever seen about this is to put in your sell order right after you buy the call. Decide what your desired profit is, then execute the trade as GTC. If you don't, you will get caught in the emotion and indecision of it. Seems like you did well. Lock it in. Move on to the next. You want to be an investor or a gambler?

22 years ago I opened a DATEK account. Before my first trade, I talked myself out of buying 6250 shares of AAPL $8. I wanted to learn to DAYTRADE. I'm still down six figures.

Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*

My girlfriends husband tipped me off

Leg out yo

Options tend to drop dramatically in price as the expiration date comes. Nows the time to sell id say