Submitted by StevHa93 t3_z93e1q in wallstreetbets
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VisualMod t1_iyeqyk6 wrote
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VisualMod t1_iyeqzbe wrote
I do not recommend buying the $160 put on NVDA. The current price of NVDA is above the breakeven point, so you would likely lose money on this trade.
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IlIllIlIIIlllIIlllI t1_iyernet wrote
You trusted the feds?
Asm0JESUS_ t1_iyervon wrote
Incredible insight by VM!
LoadExternal6570 t1_iyerwql wrote
*for listening to people on Reddit
AyebruhamLincoln t1_iyes2lp wrote
You bought puts on a stock that’s already down 50% this year
Outis7379 t1_iyes6zk wrote
OP, here’s some good advice.
StevHa93 OP t1_iyes8f5 wrote
It went up 65% from the low so
Fibocrypto t1_iyesb4u wrote
Jpow wasn't the issue . You misread the market not jpow
DarkDeSantis t1_iyesfv5 wrote
Puts on NVDA?! Are you suicidal? What about a half corrected bubble makes sense to you? Listen, diamond in the rough take here, stay the fuck away from tech lol
djmetatone t1_iyet5vo wrote
NewToTradingStock t1_iyet7vq wrote
Jpow fcked a lot of puts today.
StevHa93 OP t1_iyet87e wrote
I might keep it to see after dec14
Big_Biscotti_1259 t1_iyetawp wrote
You still have 30 days
Southern-Situation30 t1_iyetr8t wrote
Got me too. Lost about the same
Traditional_Good4693 t1_iyeuk6u wrote
Ever heard of Santa rally , dude December starts tomorrow, j pow just started the rally mode to end the year. Your premiums are appreciated says market makers.
StevHa93 OP t1_iyeusue wrote
I was thinking Santa rally usually start after the second week of dec. Didnt expected it come early.
LastInvestor t1_iyevku6 wrote
Sorry for your loss bro
Bully__Maguire_ t1_iyevw3w wrote
"I might have been early but I'm not wrong"
VenomInfusion t1_iyewciy wrote
I’d tell u to wait till CPI and FOMC but…puts got raw fucked today. Good luck man. I hope u hedge your positions with some calls.
lOnlyPostWhenImDrunk t1_iyewd1k wrote
Can't even be mad, bought dec 2 exp ,77 strike puts on AMD, hoping a market sell off in the morning for a quick flip. But I could lose it all seeing how post is looking and tomorrow pre market is looking
Ornery_Gene7682 t1_iyewd89 wrote
Beautiful_Cookie_639 t1_iyex69v wrote
He needs a nickname like the Put Destroyer or Bear Slayer
FuckoNo5 t1_iyex8fn wrote
This happens all the time.
Bad news happen and market runs up for a few days and then takes the shit it was supposed to take.
How else are the big guys going to get the stupid panicky guys money?
Beautiful_Cookie_639 t1_iyexdh1 wrote
So what's your next move? More puts or hop on Santa rally?
StevHa93 OP t1_iyexzez wrote
I don’t know yet. I’ll wait until after dec14 to make my next move. It’s 50-50 depend on how the market will go after dec14. For now I’m enduring the pain
Turbiedurb t1_iyey65b wrote
You being stupid isn't Jpow's fault.
baconography t1_iyeyix5 wrote
Would love to see Michael Burry's loss porn after today.
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_Bob_Genghis_Kahn t1_iyez42z wrote
Put(sy) Destoyer. (Gay) Bear (anus) slayer.
DesperateOffer7998 t1_iyezsf6 wrote
Realdavidlima t1_iyezx06 wrote
Why didn’t you sell the moment powell said December’s rate hike would be lower. Spy popped up 3$ in minutes, everything in the market would pump for the rest of December, why weren’t you buying calls at that moment.
StevHa93 OP t1_iyf07bu wrote
I Tried to not being FOMO in and I was not expected this went down so fast from profiting to losing
Garweft t1_iyf248p wrote
Yeah, he literally said final rates will be higher than they thought, and will continue to rise well into next year. Not really a bullish outlook. I’ll keep playing oil to end the year.
WindowlessCandyVan t1_iyf2glk wrote
That’s why I sold my SPY puts at 1:27pm for a healthy 100% gain and immediately bought $400 calls at 1:29pm which are already up 100%. Fillet and lobster are on Jay tonight. Tomorrow, back to Ramen probably.
FuckoNo5 t1_iyf35yz wrote
This guy has puts and the rally rallied for no goddamn reason today. His puts are a month out.
KChnGoesDaCashRegsta t1_iyf3oes wrote
woznica t1_iyf3wbp wrote
To lose more money!
OTRinKW900L t1_iyf4gjq wrote
Pce tmrw. Hold it down
Daniel1980s t1_iyf6pgi wrote
Tandittor t1_iyf6rwv wrote
Bad news? Did you listen to Powell's speech today? Dude basically said the Fed Reserve will slow down pace (down to 50 or 25 bps) unless inflation starts rising fast again.
eliteagentin020 t1_iyf6vti wrote
Mcrphages t1_iyf753j wrote
Are you drunk?
lOnlyPostWhenImDrunk t1_iyf7e5x wrote
Picker-Rick t1_iyf8l57 wrote
It had to happen eventually.
What's funny is how big of a turn it made, he didn't even say they were going to stop raising rates, they're just going to raise them by slightly less...
Well, he said they might raise them by slightly less.
Veevickavin t1_iyf8q5l wrote
Wasn’t that already priced in though? Market had decided to rally before this meeting started.
Federal_Ad_197 t1_iyf8u0i wrote
Markets just constipated
SC-Fulmer t1_iyf8zsl wrote
A “slow down” in rates (aka: concave down~> 2nd Derivative)… is STILL a HIGHER RATE (aka: increase~> 1st Derivative)🤦♂️
_Bob_Genghis_Kahn t1_iyf9nry wrote
bathfinderMcFly t1_iyfab4h wrote
After being burned by the regard rally following the last cpi print, I decided to play straddles and then double down on the winning side after the market reacts. Worked out pretty well today
FuckoNo5 t1_iyfaggp wrote
Continuing to raise rates AT ALL is bad news.
Ok_Speech_3709 t1_iyfasl2 wrote
Vix at 20 ish, bought some spy puts at eod, watch and see.
oxygenvoyage t1_iyfbsx4 wrote
I’m sorry for your loss :(
Tandittor t1_iyfc2gy wrote
That's not how the market works. Mr. Market is forward-looking, and that is why the regards here get confused all the time when it rallies when the FOMC raise rates and CPI prints 7.7%.
You need to keep an eye on TIPS, and more importantly, the futures that track the OBFR to get an idea of what is already being priced in and then compare those data to what actually happens.
Tandittor t1_iyfd6m4 wrote
50 bps for Nov, yes. But confirmation that the pace will be slow from here on till terminal rate is reached and then held there was essentially confirmed today.
But none of that will matter if inflation starts heading up again. That, along with the terminal rate from the December SEP, will be the next big market movers.
FuckoNo5 t1_iyfdgai wrote
No one is dumping huge loads into companies who are still shrinking. That would be dumb. You wait til the bottom and then do that and with the fed saying everything borrowed is getting even more expensive the bottom is clearly not here. By a long shot.
When the fed stops raising the rates they won't just be dropping them after we reach the goal. They will hold them there for several years.
The fed is the printer but it doesn't just print those dollars to give. They are loaned and the fed is calling the debt now. It will take years of high internet loans to pay back the enormous amount we borrowed from it over the last decade.
Tandittor t1_iyfdoc7 wrote
Unfortunately, the market tends to not care about your kind of interpretations of 1st and 2nd derivatives😢
EDIT:
From my other comments here (since you all seem to be implying the same things and I'm lazy to type another unique comment that provides more clarity):
>That's not how the market works. Mr. Market is forward-looking, and that is why the regards here get confused all the time when it rallies when the FOMC raise rates and CPI prints 7.7%.
>
>You need to keep an eye on TIPS, and more importantly, the futures that track the OBFR to get an idea of what is already being priced in and then compare those data to what actually happens.
​
>50 bps for Nov, yes. But confirmation that the pace will be slow from here on till terminal rate is reached and then held there was essentially confirmed today.
>
>But none of that will matter if inflation starts heading up again. That, along with the terminal rate from the December SEP, will be the next big market movers.
Tandittor t1_iyfehr3 wrote
Never said the bottom was in.
But why are you bothering with daily and hourly moves if the bottom is what you're chasing?
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