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McMarkyMarkMark t1_jeakl2o wrote

Reply to comment by ConradSchu in Robinhood outages $9.9M class action settlement by rcastine

Iā€™m not sure how puts in March 2020 could have lost money. Until the eom when printer go brrr

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ConradSchu t1_jeaz6hv wrote

Because the big crash was followed the very next day with the largest intraday swing (upward) in market history. Considering it was day 2 of the crash, I thought it was a dead cat bounce. So I was trying to buy puts.

If you look at the charts for those first two weeks, each huge dip is immediately followed by an equal rally (fed injecting QE). It destroyed the put positions I was able to get (they were long term though) and heavily contributed to today's soaring inflation.

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McMarkyMarkMark t1_jebnp22 wrote

Crazy. I turned like ~$6k to $43k Feb to March by being a šŸ³ļøā€šŸŒˆšŸ».

March 23 JPow kicked up the printer and I lost a lot of gains.

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