Submitted by exclusive_mo t3_yi7cec in wallstreetbets
Comments
Boxman212 t1_iuiqaii wrote
LOL this sub has the best wit.
HeadB4Bread t1_iuhdadn wrote
Your puts are gonna get fucked
Dismal_Okra7432 t1_iuhl77a wrote
How? This week is red...
videoflyguy t1_iuhstwe wrote
It's Monday morning and the market isn't even open yet.....
Maybe wait until tomorrow before telling us the "week" is red?
Dismal_Okra7432 t1_iuhyejm wrote
Bro blood Monday and fed rates hikes on Wednesday and all big tech companies except apple did really bad on er last week no way it will be green
AcapellaFreakout t1_iui2api wrote
It's like people around here look at the chart and that's it. Like fuck you guys who do that. It's not that hard to do reasersh.
computermademedoit t1_iui97tv wrote
you cant even spell research
AcapellaFreakout t1_iuibdvi wrote
cuz I'm drunk you fool.
PhiladelphiaFunGuy t1_iuipkqw wrote
Ah okay. Now I trust you
AcapellaFreakout t1_iui23qz wrote
So what were you saying? Cause the market us fucking red boo...
Competitive_Smoke809 t1_iuhx38s wrote
computermademedoit t1_iui94vv wrote
oh shit you already know how this week is going to go? How is next week going to go? Please nostradumbass tell us so we can become rich.
Royal-Tough4851 t1_iuhfw1a wrote
I think going short at this price has its merits. I personally would’ve waited for the Fed on Wednesday. You miss the initially move, but at least you’ll get confirmation on you market tanking back down before jumping onboard. If the Fed says anything about pausing future rate hikes your puts are toast
The_way_2_tendies t1_iuhs52x wrote
Based off past speech comments, I believe we have yet to hit the levels for certain data they base decisions on. Since those numbers are still slowly ticking up and holding steady over the months. I believe they will hike an additional 75bps in order to “try and tame inflation “ As they’ve stated prior they want to see job losses and pain before they decide to slow or pause hikes. I believe we’re looking at hikes until January before they reflect on market conditions/ data. From there depending on conditions, they’ll either continue the hikes / lower the hike % or take pause to reflect.
CSkahn t1_iuiqygl wrote
Wide iron condors or strangles are the play imo. I don't think we're getting much new information tomorrow.
75 bp hike this month and 50 bp hike in December. Already priced in, metrics are generally trending in the right direction, and the hikes take time to make their way through the system.
Automatic-One-9175 t1_iuhkmw2 wrote
Which they just might.
Congo_King t1_iuhqc6o wrote
Based on what?
Evening_Cut4422 t1_iui9i55 wrote
Liquidity crisis happening across the world
Arguablecoyote t1_iuiagr6 wrote
Isn’t low liquidity how you get inflation under control? And that was the goal of the rate hikes? But now it’s a crisis while inflation is still above 8%? I don’t understand any of this. Seems like people just got addicted to free money and are throwing a hissy fit now that it’s drying up.
Evening_Cut4422 t1_iuibjb2 wrote
Not really, the whole point of this inflation is supply constraint on oil and food thanks to russia. You can stop demand by lowering liquidity on paper, but it doest work in the real world. You are gonna have to eat and transport goods everyday which is fuel by oil and food, fed hiking mortages to 8%, making everyones 401k -60%, crashing a few central bank does help you get more food and oil it makes the inflation issue goes rampant untill a depression occurs and people have no choice cuz they cant even eat and work.
On the global liquidity problem, china, japan, saudi have 1 - 3% inflation when US raise fed rates to 4% and mortage rates to 8% they have to follow leading up to 9% in mortage rate(which most of their people uses flexi rates) and 5% (business loan rates) which slows down the economy making people jobless and starts a defualt cascade. They are over the point of paying the for the US mistakes and have been offloading their USD and tbills, no one is paying for bidens mistake when their people are suffering
TuaTurnsdaballova t1_iuiallc wrote
Just buy when the Fed governors start buying.
Evening_Cut4422 t1_iuibsll wrote
nancy executed 200,000 nvdia shares before the rally, its a big buy sign to me
strugglebusses t1_iuj28rx wrote
Buy the rumor, sell the news.
my_trout_is_killgore t1_iuhgdc8 wrote
Dude or dudette, hit that close button on open and save some $. We are going up this week with a bit of a hiccup on Thursday, but Fed seems priced in in this sick fictional market. You could also roll them as you will be right on this play, but you are early imo
computermademedoit t1_iui9egn wrote
how can you price in a decision that has yet to happen? You don't know which way the fed will go, how can you price that in?
my_trout_is_killgore t1_iuiek2v wrote
These guys know exactly the way the Fed is going to go because the Fed told them. They are pricing in another 1.5 points I'd bet and have models on more. .75 this week . They price it in because if the Fed pivots, great but they wont care because it's now just bonus . If you were investing that much money, wouldn't you price that in as well, even if it doesent happen?
zerof3565 t1_iuhu2dg wrote
Early for sure. SPY will hit $360 eventually in a couple of months I think.
my_trout_is_killgore t1_iuhz013 wrote
Yeah, I'm not a huge fan of rolling options, just because its what I want to do when I'm chasing, but in OPs case , I would definitely look into it. Imo , which is like an asshole...blah blah, the market will tank, not as bad as people think it will as it seems to have disconnected from the economy overall on a real time basis. It's on a bigger lag now and I believe won't catch up to reality until end of Jan beginning of February next year.
pw7090 t1_iui2t0c wrote
Rolling is just convincing yourself you didn't lose money anyway.
my_trout_is_killgore t1_iui6aqo wrote
Yeah, it's always seemed more if an ego , I know I'm right sorta play, but hey, it has to work for someone or no one would do it.
Myself personally, and I'll share this here so not many people read it and I don't get laughed at too much is that I believe post covid market is like a train that didn't derail, but came close, it's dusting itself off and it has to start out super slow so it's slowly able to un jumble the cars up. In other words, we aren't going to see enough of a drop to make rolling this worth the premiums. This is the part I get laughed at for, I believe we had legitimate inflation, maybe up to 6 points, the rest was gouging. That's why I think the markets aren't tanking completely, I think they are raising rates into real inflation that in and of itself is inflated by overcharging. So the Fed will overshoot, but won't cause much of a recession because the market( except housing) will run faster. But another idiot opinion I have is that after 2008, the banks have compartmentalized enough that a huge drop in housing will not cause the whole market to tank again, because they do learn, not to not do the same shit to make money, but when they do the same shit to make money that tanked the economy, put it in its own box with all sorts of safeties so it doesent taint other aspects.
Wrote a novel here, sorry, but I feel better for having shared my niave opinion. Be gentle anyone reading, I'm highly regarded
pharmboy008 t1_iuisqo1 wrote
Appreciate the opinion brother regard
Letters-to-self t1_iuhc5y6 wrote
Definitely
Legitimate-Plum7919 t1_iuhdiue wrote
Definutelly
Car1metal t1_iuhfjlq wrote
I will let you know on 11/10
andysama2k21 t1_iuhjk4o wrote
Lol
reditboi111 t1_iuhctl6 wrote
VisualMod t1_iuhc588 wrote
>That is an interesting trade idea. I will look into it further.
Legitimate-Plum7919 t1_iuhdmgt wrote
He doesnt have much time .
major_clusterfuck t1_iuhchl1 wrote
thorn2040 t1_iuhdyc6 wrote
$373 to break even?!
alpachalunch t1_iuhji50 wrote
Let's get some expensive hookers some blow and a cheap motel. Trifecta
Trader_santa t1_iuhfcnb wrote
Expensive puts or just me?
minedigger t1_iui5yuu wrote
Yes, but not rich monetarily.
​
Rich in the sense of community, friendships and fulfilling life sense.
pharmboy008 t1_iuisvwc wrote
pointme2_profits t1_iuhjcqn wrote
This will be the FOMC that the market loves a .75 hike and JPow whispers sweet nothings of I see progress. On Wednesday.
achyballz500 t1_iuhqqyz wrote
It will make You money but not rich.
Don’t get greedy
2leftgloves t1_iuhtp83 wrote
The only problem I see is that Uncle Powell is going to flick you in the nuts by tempering the rate hike and you'll see a rally like you've never seen before. I'm not saying it's going to happen, just saying this is the risk.
[deleted] t1_iuhetg1 wrote
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FunCranberry112122 t1_iuheyzb wrote
Business-Union t1_iuhfj6z wrote
Nes
SquareBoss1695 t1_iuhg18d wrote
No
[deleted] t1_iuhia6m wrote
[deleted]
Jpeezy547 t1_iuhj2kl wrote
Negative ghost rider
ScrotyMcboogrb4lls t1_iuhlj5j wrote
My november 4 puts are looking pretty bleak. Will probably hedge with some November 4 calls today and see if one will be able to save the other.
whatsaburneraccount t1_iuhtvt1 wrote
Rich, no. You can probably make $5-10k pretty easily though.
secondhand_bra t1_iuhz023 wrote
I mortgaged my house on calls after seeing this
BBLove420 t1_iuj580o wrote
Help you get rich via writing off tax loss
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EvenPoetry3961 t1_iuhk66a wrote
In true OG WSB fashion, it's doing exactly what it's supposed to. Well done, sir.
[deleted] t1_iuhoya2 wrote
[removed]
bro-guy t1_iuhsfry wrote
You're getting fucked
TJiggler t1_iuhuz2l wrote
Better have a stop loss set
tutle_nuts t1_iui1g0r wrote
Yes
[deleted] t1_iui5v59 wrote
[removed]
jediDTX t1_iui6fa3 wrote
It will not be, no.
ToomanyNPCs816 t1_iuimx7q wrote
No
[deleted] t1_iuipctw wrote
[deleted]
jesse950 t1_iuit394 wrote
I asked the magic 8 ball and it said, "better not tell you now".
I asked a little bit later and it said, "very doubtful".
[deleted] t1_iujl372 wrote
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Fearless-Employee-43 t1_iujvq4y wrote
Can u explain toe what an option is
[deleted] t1_iuk9whs wrote
[removed]
Relevant-Nebula8300 t1_iuhli95 wrote
I $spy with my little eye 👁 someone that’s gonna lose money 💰
Puzzleheaded-Ad7772 t1_iuht2g3 wrote
Nope, it’s going to be a good Green Day for spy. We will test 395 and a possible break out above that. Green day
darkspd96 t1_iuhcwbr wrote
I'd sell those and buy around $320 strike, we're going there easy
SquareBoss1695 t1_iuhg2fg wrote
What a fucking dumbass
AlluriousVOLmoleCule t1_iuhnrg2 wrote
Why the negativity
[deleted] t1_iuhu8ap wrote
[deleted]
Fresh_Cheek2682 t1_iuhs2va wrote
Is the reason why you are posting it as advice and not doing that trade yourself because , you listened to yourself and now have no money to trade with?
wsbgodly123 t1_iuhfg3p wrote
It’s already made you -$168 richer.