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JDmexican_92 OP t1_iyesma0 wrote

Reply to comment by Quick_Rent_Now in $20k to $300 by JDmexican_92

Seriously. I couldn't believe it last time, before the meeting, it launched up, and during all the negative news, it kept rising. Even when it finally dropped down, option values refused to go up, and I sold for the loss so I would at least have still $10k incase they expired. Only for it to finally drop way past my strike price after I sold and would have put me at around $65-70k.

Today's action felt like a repeat, and I even waited until the first couple spikes up before buying. It always feels like the markets are just here to shake us all down. It definitely takes a toll on one's sanity

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f3dya t1_iyeyzha wrote

What pisses me off is that he did not say anything new: anything! This rally is really irrational….

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Background_Sink6986 t1_iyfdm4g wrote

Not like I faired much better, but I would 100% suggest listening to the call. Last FOMC jp was incredibly hawkish so I didn't believe in the pump during the press conference. Today, he was quite dovish. I had put everything into puts before the meeting so I lost a lot, but pivoted to calls before SPY broke 400

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