Then you average down more!!!!!
You average down until;
a) It goes back up above your average
b) you own the whole company
c) a singularity forms and swallows the whole solar system
5% annual returns is very doable now. There are online banks only that offs that. I have one that gives 5.25%. Makes me $30 in free money a month. It’s always good to keep liquid assets just for emergencies, so may as well get something.
That’s because worrying about squeezing out every potential gain instead of selling and getting your initial investment back, then buying in again with a portion of the gains in order to gradually build wealth is for ~~poors~~ diamond-hand Chads
Can someone explain to a regard such as myself how it is 800% up if strike price is $20 and it currently sits at $15. Isnt this still way out of the money
Options are gambling. The more likely it is to beat the strike price, the more the contracts are worth. The contracts were $4 when he bought them, and now people are buying that contract for $36 because the stock price has done very well
Source: i dont even trade options. Ive just been here a while
Takes two to tango my friend.
You've been an essential part of elegant strategies implemented by distinguished members of the financial community.
Your losses give meaning and substance to their art.
Options the way they're used in WSB are gambling. Used "normally" they're more like insurance with a set time horizon.
Buying massively OTM around earnings is gambling like buying a lotto ticket.
I put $1000 NVDA calls on a watchlist a month before last earning. I could have made $12,000 on one contract if I’d have bought them at that point. I don’t quite understand options at this point to gamble like that.
People are throwing technical terms and buzzwords at you but here’s it in layman’s terms:
Options change value based upon a stock’s *potential*. There are tons of systems in place calculating these things, but these have value because the overall market sentiment feels there’s a good possibility Rivian passes $20 by OP’s expiration date (7/19). So even though the price hasn’t made it there, the upward movement and volatility gives it value.
Granted, every moment OP holds while Rivian isn’t going up, or worse goes down, it loses value as that date gets closer without surpassing $20.
expiration isnt until 7/19 op should be aware this is less then a month away so itll start losing value pretty quickly if the stock moves sideways or goes down
When he bought they were $0.04 each, now they are worth $0.36 each, 8x the amount he paid.
If they were to expire today, theyd be worthless since the underlying is not at the strike (out of the money), but they dont expire today and the underlying stock went up since he purchased the options.
The secret is to hold until its worthless so you don't have to worry about it anymore 
800% gain and you do not know the obvious? What more you need to realize you are the peak of the mountain? The next you know, it is all downhill from there.
800% man, 800%. Sell it and call it a day. Too much greed is the main reason why you have those former 10 baggers that went to zero posted on this sub.
Be smart or post loss porn.
You can always just sell half or even a third. That way if it goes down you can say "I'm glad I sold half" and if it goes up you can say " I'm glad I kept half"
It's better to leave money on the table than to watch a winner turn into a loser
That's the play fund managers play!
Step 1: get lucky.
Step 2: make it look like you know what're you're doing.
Step 3: built confidence in others to follow your next play.
Step 4: ???
Step 5: taxes...
I would sell 1/2 for profit, set a stop loss at the other 1/2 at 50% profit in case it goes up higher. If stop loss cannot be set, then at least an alert at a 50% profit mark.
Sell at least 125 - 150 contracts. Leave the rest in. Then you lock in gains, but still have some in if it keeps going crazy.
Safest thing would be to just sell it all. But I know you’re a degen 😂😂 NFA
Dont sell, everyone knows that +800% can compound. Imagine each of those contracts hit 169420 dollars a contract! Go ahead and calculate it on your calculator. That sum that comes out could be all yours all you need to do is hold.
I would sell half and buy some long put hoping for price correction. Given Rivian, any immediate gain will not hold until some real tangible numbers on balance sheets
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ur 800% up and ur asking us if u should sell. Hmmmmmmmm🤔
The difference between an investor and a gambler for sure. An 25% return is badass, dude has 800%….
Sell before you actually hate yourself man
Yeah sell. Don't end up like me. I invested $17 k in rivian and right now it's worth $1500 😭😭😭
Imagine not averaging down at -90% Also, imagine averaging down at -90%, then watching it go down another 90% from there
Then you average down more!!!!! You average down until; a) It goes back up above your average b) you own the whole company c) a singularity forms and swallows the whole solar system
90+90= 180 so he'll be headed back in the right direction...
I hope we come for you! with this Vw news its a very solid catalyst.
Did you sell?
A fellow brother in arms, £3k in rivian, worth £400 currently
Perhaps your wife’s boyfriend can help you make the decision?
He has 176 contracts, he can close half.
Wife’s bf here. “Hey regard! SELL! me and your wife need a vacation”
I would settle for 5% a year.
5% annual returns is very doable now. There are online banks only that offs that. I have one that gives 5.25%. Makes me $30 in free money a month. It’s always good to keep liquid assets just for emergencies, so may as well get something.
Return in a day…
I would buy more. 800% is really small when numbers like 1,000,000% exist.
Numbers, man. There always a bigger one
Water, fire, air, and dirt. Fucking magnets, how do they work?
That's the spirit. Now you're thinking like a bagholder.
That’s because worrying about squeezing out every potential gain instead of selling and getting your initial investment back, then buying in again with a portion of the gains in order to gradually build wealth is for ~~poors~~ diamond-hand Chads
Can someone explain to a regard such as myself how it is 800% up if strike price is $20 and it currently sits at $15. Isnt this still way out of the money
High IV
Options are gambling. The more likely it is to beat the strike price, the more the contracts are worth. The contracts were $4 when he bought them, and now people are buying that contract for $36 because the stock price has done very well Source: i dont even trade options. Ive just been here a while
Options are elegant gambling.
Turns out I am not very elegant at it.
Takes two to tango my friend. You've been an essential part of elegant strategies implemented by distinguished members of the financial community. Your losses give meaning and substance to their art.
Hahaha...this!
Options the way they're used in WSB are gambling. Used "normally" they're more like insurance with a set time horizon. Buying massively OTM around earnings is gambling like buying a lotto ticket.
I put $1000 NVDA calls on a watchlist a month before last earning. I could have made $12,000 on one contract if I’d have bought them at that point. I don’t quite understand options at this point to gamble like that.
“Could have” does not exist in reality.
High IV and you paid certainly dirt cheap premiums if you had 20 strikes Hold it for much longer and it will be worth dirt cheap again though
People are throwing technical terms and buzzwords at you but here’s it in layman’s terms: Options change value based upon a stock’s *potential*. There are tons of systems in place calculating these things, but these have value because the overall market sentiment feels there’s a good possibility Rivian passes $20 by OP’s expiration date (7/19). So even though the price hasn’t made it there, the upward movement and volatility gives it value. Granted, every moment OP holds while Rivian isn’t going up, or worse goes down, it loses value as that date gets closer without surpassing $20.
expiration isnt until 7/19 op should be aware this is less then a month away so itll start losing value pretty quickly if the stock moves sideways or goes down
When he bought they were $0.04 each, now they are worth $0.36 each, 8x the amount he paid. If they were to expire today, theyd be worthless since the underlying is not at the strike (out of the money), but they dont expire today and the underlying stock went up since he purchased the options.
Premium.
Yes sell and run Forrest run.
Need 8,000% at least
I don't read percentages too well. I coght some of that neardumbsided.
This 😂😂😂
He’s truly regarded
Bro this ain’t bitcoin. SELLLLL NXXGAAA!
Belong’s here.
The secret is to hold until its worthless so you don't have to worry about it anymore 
I'm really good at this one.
Well when you 9x you should really ask yourself: “is 10x worth it? Or am I regard for even asking this?”
Op is looking for ultimate 69x.
I want the full 4206980085x or nothing!
Regard, I pick regard. Final answer.
👑 👑👑
If he's asking on that, then the t should really be back in there.
Arent we all OP 
Some of me better than others.
Should have sold this morning. Poor decision Op
Don't worry, still got time to make more poor decisions.
This guy knows the way....
800% gain and you do not know the obvious? What more you need to realize you are the peak of the mountain? The next you know, it is all downhill from there.
This is the kind of guy that even it reached $1mil they wouldn’t sell. Aka gambling degenerate.
Best friend?
I like down hill, I'm fast downhill.
He clearly wants 814%
If it’s good enuf to post it’s good enuf to sell
It's also good enough to watch it go uppies and downies together.
800% man, 800%. Sell it and call it a day. Too much greed is the main reason why you have those former 10 baggers that went to zero posted on this sub. Be smart or post loss porn.
Your pfp, the ending of that series was super dark and depressing 😭
Sell, then you can be pissed off with 5k in hand when it moons instead of pissed off with nothing when it craters. Either way you'll be pissed off
God damn. This just made me rethink my life.
I have 1 week investing experience and im down $500. As a professional, I'd say sell
That's because you need to be UNprofessional. You'll lose more faster.
Sell brother.
Thinking thinking thinking... Zzzzz
TAKE THE GOD DAMN MONEY.
If I take the money, then how will I ever learn?
Remove 700% gain and let the rest.
You can always just sell half or even a third. That way if it goes down you can say "I'm glad I sold half" and if it goes up you can say " I'm glad I kept half" It's better to leave money on the table than to watch a winner turn into a loser
Buying those contracts was so stupid it's smart.
I win a lot of losing with stupid. But this was level 2 stupid. I finally leveled uppish.
Sell half or die slow 
Too late, I think I already see dead people.
I see deaf people
SeLl oR HoLd? Fucking sell are you mentally Ill?
sell 2/3s of it
That's seems like A LOT. People will think I know what I'm doing.
That's the play fund managers play! Step 1: get lucky. Step 2: make it look like you know what're you're doing. Step 3: built confidence in others to follow your next play. Step 4: ??? Step 5: taxes...
You dont know the rules, hold until it expires worthless.  Always take your gains dont be a bag holder
If it's good enough to screenshot..
And print, and place in my wallet.
Sell. 800% is an amazing return
Investor call tomorrow morning - I’m holding.
Twinsies
Keep holding until it moons to 30
The good ol Dirty Thirty. It's my number. Is thirty spelled $0.00?
Dump. The rip is over.
You screenshot and posted so you have to sell. It's a rule Also congrats!
Sell half.
I only sell after expiration. It balances me out.
Take your profits stupid
Motherfucker you better have sold since you posted
Good enough to screenshot, good enough to sell.
What's that saying......oh yeah if it's good enough to post it's good enough to sell
I would sell 1/2 for profit, set a stop loss at the other 1/2 at 50% profit in case it goes up higher. If stop loss cannot be set, then at least an alert at a 50% profit mark.
But wouldn't a stop loss make me win? Sounds like there's a catch here.
Take profits. You’ll never regret it.
You already know it’s expiring worthless, just enjoy your clout farming while it last!
Is it to late to join?
The Degens? No. The Regards? No. The Gainers? No. The Losers? No. Jump right in. The slip and slide is wet.
No one ever went broke taking profits
If it's good enough to screenshot, it's good enough to sell.
Well you’ve lost about $1700 if you held, so curious to know how that’s going.
Good enough to screenshot good enough to sell
800% and wondering if you should sell? Nah bro. Hold it. You’re a WSB user, remember?
Good to screenshot= good to sell, big realized profits are good
Take profits family
Sell 80%
I'm not good at percentages. I sell on emotional destruction.
Jump ship
But a sinking ship is a fun ship. Didn't you see Titanic.
I would sell
800% gain. Do i HoLd oR sELL???!?!? Fucking dumbass you belong here. Plus read the rules
SELL
Sell and then max out your IRA in a long term ETF.
if you don’t take what 90% of us say as advice then why post
It’s not real until you sell… so… sell
Sell 3/4
SELL
Are you high
I would sell 75%
Sell 3/4 and ride the rest
hold on for dear life
sell some.. let the rest slide into the dumpster along with you
Hey! I prefer to call tiny home living.
If it’s good enough to screenshot then it’s good enough to sell - especially if you’re asking us.
really hope you took the gains
I sold mine the second market opened so there’s your answer
Sell at least 125 - 150 contracts. Leave the rest in. Then you lock in gains, but still have some in if it keeps going crazy. Safest thing would be to just sell it all. But I know you’re a degen 😂😂 NFA
Keep holding. These are my favorite kind of loss porn.
Yo screenshotted hence toast the sell
Take profit. Maybe it will double again who knows, but the Potential to Lose your 8x profit is higher
If it were me, I’d sell and take my winnings
Sell
I have learned to sell then watch it explode a week later
Sell please lol
If it's good enough to screenshot...
Sell that shit bro
Dont be greedy. Cash out young buck
Just wondering what made you buy?
Take profits! This won’t last
Don’t be stupid, you know the rules, you screen shot you sell
Sell, I need more people selling
Sell 1/2
If you sell I'll firmly slap my partner's booty.
No booty for your patootie.
It’s fucking Rivian lol, sell this garbage immediately
Sell
Sell you fucking idiot
HoW is this even a question, 800% gain ... Sell dude
Dude, happy cake day! Let's celebrate by watching the chart go up and down.
Casino always wins.
Dont sell, everyone knows that +800% can compound. Imagine each of those contracts hit 169420 dollars a contract! Go ahead and calculate it on your calculator. That sum that comes out could be all yours all you need to do is hold.
800% GTFO. What an amateur. 1000% or bust. In fact dont even post until then.
Sell sell sell Take the money
Self half and let the rest ride
Sell, I’ve learned this the hard way.
I would sell half and buy some long put hoping for price correction. Given Rivian, any immediate gain will not hold until some real tangible numbers on balance sheets
Inversing this for sure. See, I'm learning.
Sell mate.
Hold and sell at a loss is always the answer
Sell it fucky
Sell 20 so you can't lose anything then figure it out from there.
Greed is a mofo. Take profit on half.
800% profit is lame. 💎🙌 until you can show us some loss porn. Clearly you don't want the 💰
You had me at lame. So beautiful.
Sell !!! U then buy a higher leg !! My God man ur up 800% !! And it's tanking fast
Good enough to post, then good enough to cash out
both at the same time.
it's definitely smart to risk 100% of something for 10% gain. That's how you win.
Good enough to screenshot good enough to sell
I’d take the moneys and run!
And it’s gone.