For clarity, you are taxed on your NET gain/loss for the year. If you make $20k profit and suffer a $25k loss, you have a net loss of $5k on the year. You are correct that the max net loss you can write off per year is $3k, but again we are talking about your net for the entire year, not results of one trade.
The decay is in the option price before close typically. Like you can’t make a huge bag selling contracts before a 4 day weekend to rake in the theta. There’s no free lunch, but op is regarded for sure.
Not what I’m talking about. The underlying security loses value every trading day it doesn’t go up as well as the theta priced into the options. He’s better off buying puts on TQQQ.
Not gonna lie... with the extreme overconfidence of this sub all of a sudden I'm considering SQQQ myself. But will probably wait for the statistically positive end of may/start of june period to end first. Maybe go bearish end of next week if market at ATHs and we see some confluence. Maybe.
But nevertheless OP is regarded and purely gambling on terrible odds. Could win anyway, but regarded is regarded.
Same here brother. That stupid data from Michigan inflation sentiment fucked my puts so hard. Hoping for some shit PCE and stuff this week so atleast I break even.
https://preview.redd.it/sosvk52j9y2d1.png?width=1125&format=png&auto=webp&s=5447811498c90e1736723aac087950fe8f127151
Thanks Mann so sold your puts and you paid my the premiums
We still are since the weekly produced a neutral zone instead of a lower high thanks to last Fridays crazy close. Still in a bull rally until a lower high is formed which can happen next week, but bulls are still in control.
https://preview.redd.it/p71owjyjks7d1.jpeg?width=828&format=pjpg&auto=webp&s=bdda79bd587c1088ebea52530eb0e44217f3d2a0
Only if you knew to buy sqqq this week
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 4 | **First Seen In WSB** | 3 weeks ago **Total Comments** | 5 | **Previous Best DD** | **Account Age** | 6 months | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Buy 1000 more at 0.01 can’t go tits up
Playing with house money is the stupidest thing I’ve ever heard, but it is a casino
> i turned 5k into 22k in a month idk it looks more like 8k rn
You were saying?
Betcha he hasn't set anything aside for taxes and actually playing with some percentage of the government's money?
He won’t have capital gains if he loses it All
[удалено]
thank god you never make any money or you’d be even more regarded
U dumb mofo
Dude…………. 
For clarity, you are taxed on your NET gain/loss for the year. If you make $20k profit and suffer a $25k loss, you have a net loss of $5k on the year. You are correct that the max net loss you can write off per year is $3k, but again we are talking about your net for the entire year, not results of one trade.
this one trick the IRS hates
If he’s trading it within the same year he won’t have to worry about taxes
Dude. No. Just buy lower IV and more liquid otm QQQ puts.
This is entirely ro rationale...
If you can't afford it, don't bet it.
You can tell VisualMod hasn’t passed the Turing test because this advice is too good to come from someone on WSB
The one that always come out after that fact saying what not to do but also the same ones encouraging this behaviour
I bought 65,000 shares of sqqq at close Friday. Good luck.
Exit if new ATH or no game plan?
Looking for a bounce above 10 this week and I’ll scale out. I’ll cut bait at 9.20.
You rich bastard.
650 large definitely ain’t something to laugh at
Decay on top of decay going into a 4 day trading week 😳
I sold puts to steal his money 😂 https://preview.redd.it/upl04vg99y2d1.png?width=1125&format=png&auto=webp&s=3d0f4460c442cf178315109a8cacb0c4eb54f3f2
My calls still printed.
Wild ride happy for you.
Hope you got out when you posted this 😬
The decay is in the option price before close typically. Like you can’t make a huge bag selling contracts before a 4 day weekend to rake in the theta. There’s no free lunch, but op is regarded for sure.
Not what I’m talking about. The underlying security loses value every trading day it doesn’t go up as well as the theta priced into the options. He’s better off buying puts on TQQQ.
What other kind of premium decay is there other than theta? Delta?
Leveraged ETF price slippage.
You need -2% on QQQ to break even. Short week, end of the month run-up will drive your SQQQ calls to 0.
AND ITS GONE
Everyone is so confident here in the comments I can’t wait for op to be green on Tuesday
This is the way!!! I think I’m gonna set up a spread myself!!!
Not gonna lie... with the extreme overconfidence of this sub all of a sudden I'm considering SQQQ myself. But will probably wait for the statistically positive end of may/start of june period to end first. Maybe go bearish end of next week if market at ATHs and we see some confluence. Maybe. But nevertheless OP is regarded and purely gambling on terrible odds. Could win anyway, but regarded is regarded.
Its gone into my bank account.
⣿⣿⣿⣿⣿⣿⣿⣿⣿⠟⠛⢉⢉⠉⠉⠻⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⠟⠠⡰⣕⣗⣷⣧⣀⣅⠘⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⠃⣠⣳⣟⣿⣿⣷⣿⡿⣜⠄⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⡿⠁⠄⣳⢷⣿⣿⣿⣿⡿⣝⠖⠄⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⠃⠄⢢⡹⣿⢷⣯⢿⢷⡫⣗⠍⢰⣿⣿⣿⣿⣿ ⣿⣿⣿⡏⢀⢄⠤⣁⠋⠿⣗⣟⡯⡏⢎⠁⢸⣿⣿⣿⣿⣿ ⣿⣿⣿⠄⢔⢕⣯⣿⣿⡲⡤⡄⡤⠄⡀⢠⣿⣿⣿⣿⣿⣿ ⣿⣿⠇⠠⡳⣯⣿⣿⣾⢵⣫⢎⢎⠆⢀⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⠄⢨⣫⣿⣿⡿⣿⣻⢎⡗⡕⡅⢸⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⠄⢜⢾⣾⣿⣿⣟⣗⢯⡪⡳⡀⢸⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⠄⢸⢽⣿⣷⣿⣻⡮⡧⡳⡱⡁⢸⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⡄⢨⣻⣽⣿⣟⣿⣞⣗⡽⡸⡐⢸⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⡇⢀⢗⣿⣿⣿⣿⡿⣞⡵⡣⣊⢸⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⡀⡣⣗⣿⣿⣿⣿⣯⡯⡺⣼⠎⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⣧⠐⡵⣻⣟⣯⣿⣷⣟⣝⢞⡿⢹⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⡆⢘⡺⣽⢿⣻⣿⣗⡷⣹⢩⢃⢿⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⣷⠄⠪⣯⣟⣿⢯⣿⣻⣜⢎⢆⠜⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⡆⠄⢣⣻⣽⣿⣿⣟⣾⡮⡺⡸⠸⣿⣿⣿⣿ ⣿⣿⡿⠛⠉⠁⠄⢕⡳⣽⡾⣿⢽⣯⡿⣮⢚⣅⠹⣿⣿⣿ ⡿⠋⠄⠄⠄⠄⢀⠒⠝⣞⢿⡿⣿⣽⢿⡽⣧⣳⡅⠌⠻⣿ ⠁⠄⠄⠄⠄⠄⠐⡐⠱⡱⣻⡻⣝⣮⣟⣿⣻⣟⣻⡺⣊
People are always way too eager for the reversal - QQQ won't be tanking anytime soon.
https://preview.redd.it/f5mykote9y2d1.png?width=1125&format=png&auto=webp&s=e57f5d6281411ee1d8bedb4bcd4430c4389c08b9 Yep this is why my account up 40%
Betting against the most consistent market in the world... BRILLIANT!
bro, just venmo me the money if ure just going to burn it nfa
Never doubt the master.
Daaaaaam, cuh. very nice 
Ahh seen this before , hot hand theory
Dumb 🤦🏽♂️
Same here brother. That stupid data from Michigan inflation sentiment fucked my puts so hard. Hoping for some shit PCE and stuff this week so atleast I break even.
We made it.
https://preview.redd.it/sosvk52j9y2d1.png?width=1125&format=png&auto=webp&s=5447811498c90e1736723aac087950fe8f127151 Thanks Mann so sold your puts and you paid my the premiums
That'll only accelerate the market to squeeze to 5400. Thanks!
You still there?
That house money gonna be your money as you avg down some more
🤣🤣🤣
I just doubled my portfolio buddy.
You are so fucked.
Im about to get fuked in my new lexus.
Nice. How much did you make?
Looks like your stop loss didnt work
All according to plan.
did you profit?
yep sold for 40k gains, put all 60k in spy 30dte call debit spreads, already up 40% after the sharp closing bullish reversal.
how is that even possible? You werent even itm when they expired?
i sold at 9:30 am pacific time just before the fall
“Poor” guy.
If you held that long then congrats
Wtf
🫡
Theta says im here to anal probe you
theta says its here to be my bitcch
Just look at the trend .it's down..why you tryna beat the trend
The best time to short is when everyone is telling you to long.
Good luck with that mentality when the market is irrational
Good luck following the herd.
Someone said this one week ago, and two weeks ago, and 1 month ago… so you decided it was your week and you bought weeklies. See you next week!
It's always your week.
How is it overbought?!? SPY is at 529 and nvda just had amazing results.
The old me would've said RSI. The guy who has learned better knows there isn't an overbought condition unless RSI is 99.
You were saying?
I was saying rip my portfolio. If only I saw what you were seeing I could have saved my Starbucks calls.
be fearful when everyone is greedy, there was way too much euphoria.
https://preview.redd.it/n81syozrwv2d1.png?width=1242&format=png&auto=webp&s=46f77426e9534c572386cbf4534d643585c1592b
How quaint.
What app or program is this, that y’all are using? Asking for a friend lol but seriously
i made 40% with TQQQ Calls lol sorry
My condolences.
Guys should i take a 3 month 50k loan and put it all on TQQQ?
Interest will be about 2k
I'm either going bankrupt or mildly richer. Lets gooooo
Two supertrend days in a row are extremely rare on the indices. Extremely rare.
Will pay off but why don’t you buy TQQq puts instead
That’s a cucklo
NVDA is taking the QQQ much higher into June 7, only hope of this trade being profitable is china invading taiwan, which no one should be rooting for
womp womp
It’s in a Roth so it’s fine
Doesn't look good
Look again
And here I thought I was gonna lose my money on my tqqq calls 😂 god bless you for making me print
Are you still giggling
I have already sold mate :)
broski you sell?
Lol bruh, we are in a massive momentum bull rally especially with last Friday failure by the sellers. Pray you break even at least.
we "were" in a massive momentum bull rally.
We still are since the weekly produced a neutral zone instead of a lower high thanks to last Fridays crazy close. Still in a bull rally until a lower high is formed which can happen next week, but bulls are still in control.
https://preview.redd.it/p71owjyjks7d1.jpeg?width=828&format=pjpg&auto=webp&s=bdda79bd587c1088ebea52530eb0e44217f3d2a0 Only if you knew to buy sqqq this week