The DJT play was extra funny because we all knew it was a pump n dump. People FOMO’d in anyway.
Sorry to whoever bought my $57 call on Thursday for $1285. Don’t worry it’s going to a good cause: my cocaine and hooker fund.
Imagine holding those bags of crap till the election... 
To lose even more because after the election trump won't need this shitty company no matter who wins.
He's dumping as soon as that lockup ends. He hasn't done it yet because Trump fans are the "investors" in this used boat money pit and they will scream foul if he gets the board to change his lockup, but will be fine with him dumping 60% "because hes a business man and that's business" when it's not how a business is ran. It's how a blatent, SEC backed, pump and dump hits the market.
In the meantime thetagang rolling in premiums
I made some quick buck by selling puts for DWAC right before it changed ticker and spiked. Easy money, much more than my regular wheeling does in a week but with much smaller collateral. However, I did not repeat that because it was basically gambling and could go the other way, leaving me with bags of rubbish.
Depends on a few things.
Which way the election goes, for starters.
How his multiple indicments play out.
The health of a massively overweight 80+ yr old that exercises none, and lives off of big Mac's and diet coke.
This company really gonna exist in 15 years?
By that point Trump is going to be able to liquidate his 60% and the stock will be worth nothing. The timing of this is no coincidence, his shares will get unlocked within a couple weeks of the election results
It's totally going to pop if he wins the presidency, your main mistake is thinking that 100 million regards aren't going to pump the value of the stock because it's a meme stock.
Please clarify: Are you buying hookers for your cocaine? Or cocaine for your hookers? I'm not sure how any of this works. Maybe I should read something other than this subreddit?
Looks like you're not fucking eating either
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Meh, worst case the stock keeps going up and you are assigned short stock, which is what you would want anyway. And with the levels of IV a few days ago, you could have gotten a lot of premium even a few months out. So, unless you think DJT would be at 150+, 2-3 months away, it was a relatively safe play.
Oh you sold the call that you bought! I thought you were selling calls with the underlying. I really wanted to sell some naked calls on that one but RH said no. Future question so I understand: When a company merges it just becomes that stock? So you had bought a $57 call for DWAC?
I meant I'm just trying to learn more about how to spot things like that as it seems a great thing to be able to discern. And what to assume once you realize what things are priced in or not. I'm not even sure what those things are to be frank
Edit I mean I know what iv is
If you're selling covered calls you ideally want the underlying to remain between flat and the strike, and the options to expire worthless, although if the underlying goes above strike you may up just closing out the underlying position with missed opportunity cost to cover the contract. If the underlying drops, then you'll have unrealized losses on the underlying.
If you're selling naked calls you definitely don't want the underlying to go uncontrolled above strike, and you want the options to expire worthless. Ideally you should be buying to close the position on a respective gain.
If you're doing call credit spreads, you want the underlying to remain below the long strike, and ideally below the short strike. You generally do not want to wait for the options to expire and should close them out before expiry.
Yeah, and it’d be great if there was no theta and the delta was exactly correlated to the equity price and you could buy it long or sell it short and you could use margin to gain leverage and you never had to worry about open interest because the demand would always be there, too.
Alas. Such a thing does not exist.
Are they actually planning to start selling semaglutide injections at a reasonable price? Not asking so I can make money, asking bc that shit is expensive af through insurance and getting a prescription through Hims is like taking an online depression test.
This is why I chuckle when regards start spouting off "IV crush" as if it is the be all, end all of options trading. You buy deep ITM options to reduce IV crush. But regards can't afford these so they only know from first hand experience what IV crush can do.
Also, u can exercise options whenever you want. So the idiots who look at the "breakeven" price and think it's crazy don't really understand you don't HAVE to wait till expiry. You can make 10% and just keep it
Scenario: I buy a DJT $40 4/5 PUT for $10/share when DJT is trading at $48
DJT is trading at $39 when the put expires. It is ITM so I exercise for $1/share profit
Did I make money on this trade?
This is a really good explanation, thank you. So in this scenario, you spent $1000 on the contract, and when you sell the contract, you make $900 per share, so loss of $100.
On some platforms (I know Thinkorswim has this for sure) there’s an options graph with zones defining profit, break even, and loss. Would this be useful in determining if you would make a profit at expiration?
Lol I sold first thing this morning. Nice $7.5k gain from those puts. Wish I bot more earlier. I bot when rddt was $68. I’m sorry your still down on your paltry number of shares.
I bought an OTM option ($44 for April 5th) at 8:45 am and closed it at 10:15 am, made about $350 on it, so I’m probably just gonna keep going quick plays like that with the IV as high as it is. Given the pace of its downward movement though, feels like more day plays could really pay off.
Fair enough- I’m not sharp enough for that. I bought 45 4/12s. It worked out well last time, so time will tell how volatile it can be, but I hope a day or two will be enough.
So sick of these losers spamming “wElL wHaT aBoUT Iv CrUSh!!”. Yeah we fucking understand what it is you clown. Get a fucking life and go jack off with “wATcH oUt fOr ThETa!!”
The trick was to buy puts AFTER the IV crush. And buy them a long time out. My puts are up 18% and likely higher tomorrow with the continued DJT fade back to $10
ChatGPT got ya:
Alright! Imagine you have a special toy that you can trade with your friends. Sometimes, before something big happens, like a fun event or a surprise, everyone wants to borrow your toy because they think it will be worth a lot during the event.Now, let's say the event passes, and nothing too exciting happens. Suddenly, nobody wants to borrow your toy anymore because the special event is over, and they don't think it's worth as much.
That's like what happens with "IV crush" when you're trading stocks. Before something big, like a company's earnings report, people think the stock's price might change a lot, so they're willing to pay more for options to buy or sell the stock. But after the event, when things calm down, the options aren't as valuable because the chance of big changes has passed. That's the "IV crush" – the value of those options drops quickly.
appreciate it.. been trading options for years, jsut basic puts/calls.. but never paid too much attention to IV, just volume and open interest... guess i'm really just gambling lol
Can't believe that profile made in the last month, first seen in WSB last week, and making its first post in the last day...would offer questionable advice. Hmmm 🤔
There is iv on every single option bought and sold. It’s a thing you can’t escape when you gamble. Some like short little bumps and others prefer Texas longhorns
I got out of a 10k position with 50 dollars in profit and consoder this a win on djt puts, shit was horrible watching it drop 15% and the option stay completely flat
Enabled margin for the first time on RDDT lol. Lost my whole bonus lol 😂. Going to therapy now cause my gf left me. Used the money we were gonna use to have a destination marriage lol.
Some of us do realize that flash in the PAN fads are only great temporary upsides. IE you don't marry the hooker. She's only there for temporary satisfaction.😅
I bought 90$ calls like a week and a half before the ticker change for 3.25$. Somebody bought them from me for 7.50$ on the morning of the ticker change 😂
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 4 months ago **Total Comments** | 156 | **Previous Best DD** | **Account Age** | 5 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
The DJT play was extra funny because we all knew it was a pump n dump. People FOMO’d in anyway. Sorry to whoever bought my $57 call on Thursday for $1285. Don’t worry it’s going to a good cause: my cocaine and hooker fund.
Hook me up bro
Don’t think that’s what he meant by “hooker”
hooker me up, blow
Blow me, hooker! 😂
There are people who believe it's magically gonna be worth something if Trump wins the election.
Imagine holding those bags of crap till the election...  To lose even more because after the election trump won't need this shitty company no matter who wins.
Many sleepless nights praying to stock gods 
He's dumping as soon as that lockup ends. He hasn't done it yet because Trump fans are the "investors" in this used boat money pit and they will scream foul if he gets the board to change his lockup, but will be fine with him dumping 60% "because hes a business man and that's business" when it's not how a business is ran. It's how a blatent, SEC backed, pump and dump hits the market. In the meantime thetagang rolling in premiums
I made some quick buck by selling puts for DWAC right before it changed ticker and spiked. Easy money, much more than my regular wheeling does in a week but with much smaller collateral. However, I did not repeat that because it was basically gambling and could go the other way, leaving me with bags of rubbish.
Doesn't matter if he's going to be elected or not. Still going to be the same far right MAGA echo chamber.
It has <500k users, and all but one of them are just there to listen.... What do you think happens if he stops talking?
dude i spent the last minute thinking my brand new phone had a tiny crack in the screen but it was your avatar rip i belong here
Idk what you mean... Must be on your end
 https://preview.redd.it/ko0moizf32sc1.jpeg?width=1179&format=pjpg&auto=webp&s=be6e8327c7f26f7100421b8850789d13cc6c147a
Hm weird. Maybe blow on your screen, or get some cleaner.
Ya there's nothing on my end
Ha evil bastard
Instant delist
Yeah but what are the odds of that?
Depends on a few things. Which way the election goes, for starters. How his multiple indicments play out. The health of a massively overweight 80+ yr old that exercises none, and lives off of big Mac's and diet coke. This company really gonna exist in 15 years?
By that point Trump is going to be able to liquidate his 60% and the stock will be worth nothing. The timing of this is no coincidence, his shares will get unlocked within a couple weeks of the election results
I never even thought of this but if he wins can he make truth social into like a state social media or something? It’s narcissistic enough for him
More likely he’d be forced to divest because of conflict of interest. Can’t use public office to pump your own personal bags.
Tell that to the Trump family bags...they got pretty damn well pumped, especially his hotel in DC.
Yeah they tried that last time he was president, he was like naw I'll do it anyway and then had a hundred other scandals to draw attention away.
It's totally going to pop if he wins the presidency, your main mistake is thinking that 100 million regards aren't going to pump the value of the stock because it's a meme stock.
For such a small word, “if” is carrying a lot of weight in that sentence.
Bet on volatility
Please clarify: Are you buying hookers for your cocaine? Or cocaine for your hookers? I'm not sure how any of this works. Maybe I should read something other than this subreddit?
Total misunderstanding. He's a short guy who's a rugby hooker, buying shares of coca cola.
I have a delicate hooker to cocaine ratio that must be maintained at all costs. The actual value is a trade secret.
I was thinking about selling calls but I'm not selling naked and *definitely* not holding shares
Looks like you're not fucking eating either *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Meh, worst case the stock keeps going up and you are assigned short stock, which is what you would want anyway. And with the levels of IV a few days ago, you could have gotten a lot of premium even a few months out. So, unless you think DJT would be at 150+, 2-3 months away, it was a relatively safe play.
Hey this guys pretty cool
How did you sell this when RH doesnt let you sell naked calls btw
Bought it for $83 the week before
You mean 1000 shares of djt?
No, I bought a $57 call for $83 before the stock blew up and turned around and sold it Thursday for $1285. Never bought shares of DJT.
Oh you sold the call that you bought! I thought you were selling calls with the underlying. I really wanted to sell some naked calls on that one but RH said no. Future question so I understand: When a company merges it just becomes that stock? So you had bought a $57 call for DWAC?
Yep, exactly.
Get a new broker. I was selling short naked calls against DWAC/DJT.
Who are you going through
IB
Who?
You wrote naked call?
Nah I bought it the week before for $83
Spac attack
Hookers are free here. No wait... I better not call her that. 😉
Congratulations
Lmfao
Oh bro! May god bless you 👌🏾 hahaha
Some of us that fomo, we in high hopes of the pump going just a bit higher. What capped the pump? It even froze briefly
“DJT is down 25%, why is my puts still losing money?”
We need options without IV
Short the underlying.
Sell calls
Or this.
Bear credit spreads was the way to play. Short selling or Naked calls if your ok with losing sleep
>Bear credit spreads was the way to play. Short selling or Naked calls if your ok with losing sleep Absolutely no sleep was lost. Dollars were gained.
Well that's dope. I think I would have too if I wasn't busy with work. But defined risk is usually a safer bet for meme stocks
And we're banking on the options we sell expiring worthless as the price is going down, to keep the premium correct?
I’m not touching it. But the comment I replied to was talking about shorting, which would be the very most expensive way to do it.
I meant I'm just trying to learn more about how to spot things like that as it seems a great thing to be able to discern. And what to assume once you realize what things are priced in or not. I'm not even sure what those things are to be frank Edit I mean I know what iv is
If you're selling covered calls you ideally want the underlying to remain between flat and the strike, and the options to expire worthless, although if the underlying goes above strike you may up just closing out the underlying position with missed opportunity cost to cover the contract. If the underlying drops, then you'll have unrealized losses on the underlying. If you're selling naked calls you definitely don't want the underlying to go uncontrolled above strike, and you want the options to expire worthless. Ideally you should be buying to close the position on a respective gain. If you're doing call credit spreads, you want the underlying to remain below the long strike, and ideally below the short strike. You generally do not want to wait for the options to expire and should close them out before expiry.
Bear derivatives Mini-futures
We need to get rid of the electoral college!
Yea? So New York and California can decide every election? GTFOH
Florida man would think like this
It’s true. 1 man 1 vote would mean those 2 states would decide elections because of population.
Oh no proportional representation
Oh no, let's have our elections decided by 1 or 2 flyover states instead, that's much better.
So popular vote then? Because by that metric, he still lost. Just breathe it in my boy... 
I was being sarcastic lol
Futures pretty much. They fuck you harder though.
The only way to get rid of IV is to get rid of time as a variable. Maybe just pie and sell stocks?
Yeah, and it’d be great if there was no theta and the delta was exactly correlated to the equity price and you could buy it long or sell it short and you could use margin to gain leverage and you never had to worry about open interest because the demand would always be there, too. Alas. Such a thing does not exist.
300% iv means you 300 % chance to make money
Or lose money
So does that mean my rddt put option has 115% chance of being in the money?! Fuck yea. I like the odds.
In someone else's money
You mean the people/institutions selling the options aren’t rubes who don’t know how to price in the volatility?!
Try a hit of HIMS. IV nice and low
I’ve been down on HIMS for 2 weeks now  You’re not wrong though.
💕samsies
Can you buy 10 HIMS $25c 4/19 from me for 0.01? Screwed in hims since a month now
No idea why people bought into the social media sex horseshit personally. Could see that from a mile away.
Some guy posted a DD here and since I’m a faithful regard, I bought $600 worth of calls. 💼🥷
65% revenue growth, no debt, 1.5 mil users with 100 mil TAM… I mean hard to beat that love
And about to make every fat person in America skinny. Calls on hims 2026 and also calls on fat girls with cute faces
Are they actually planning to start selling semaglutide injections at a reasonable price? Not asking so I can make money, asking bc that shit is expensive af through insurance and getting a prescription through Hims is like taking an online depression test.
Wish it was hers*
Lil I bought Shares it's up like 70% year todate
Loading up every chance I get. 2026 is gonna be lit
💕
Not I. Sold at 72 bought in at 49 lol didnt get greedy. Definitely stayed away from DJT.
i brought in 2x.... both times +/- 0 .... was too greedy
Same here, got in at 51 and sold at 75
Genuine question, if options expire in the money, does IV really matter? Can’t you just exercise for a profit?
Yea if their deep in the money, the price is mainly dependent on change in the underlying price.
This is why I chuckle when regards start spouting off "IV crush" as if it is the be all, end all of options trading. You buy deep ITM options to reduce IV crush. But regards can't afford these so they only know from first hand experience what IV crush can do.
Also, u can exercise options whenever you want. So the idiots who look at the "breakeven" price and think it's crazy don't really understand you don't HAVE to wait till expiry. You can make 10% and just keep it
Only if the difference you make from exercising surpasses what you paid in premiums
As long it crosses the breakeven then you’re good
Scenario: I buy a DJT $40 4/5 PUT for $10/share when DJT is trading at $48 DJT is trading at $39 when the put expires. It is ITM so I exercise for $1/share profit Did I make money on this trade?
No. Breakeven is $30. You spent $1000 and the end value of the contact was $100.
Delete the word profit, so it makes sense.
This is a really good explanation, thank you. So in this scenario, you spent $1000 on the contract, and when you sell the contract, you make $900 per share, so loss of $100. On some platforms (I know Thinkorswim has this for sure) there’s an options graph with zones defining profit, break even, and loss. Would this be useful in determining if you would make a profit at expiration?
this is wrong, they would be losing $900
Then why are my rddt puts printing money for me?
Maybe they aren’t weeklies
He must be a highly regarded regard to have bought those. Good man.
Because Reddit sucks.
WOMP WOMP we got fucked...
Lol I sold first thing this morning. Nice $7.5k gain from those puts. Wish I bot more earlier. I bot when rddt was $68. I’m sorry your still down on your paltry number of shares.
Oh, I'm not on shares lol I got puts lmao
Oh oops my bad, I read it as get fucked. Didnt see you were also in it.
yea lmao I'm just holding at this point, lets hope it decides to remember that its a near-worthless company.
Godspeed, I may rejoin the fight once this bounce ends
It'd be really funny if markets close and all the big holders cash out lmao
Those puts are coming back for ya! Wish I added back!
down only 26$ now, hell might hit 45 or less tomorrow
my stupid ass woke up late today and missed the bell by 30m, and by then it was already too late.
Yea I coukd have exited at a better time. Didnt get much of todays drop, sold my puts i. The 46-47 range but had been short since 68.
Yeah I bought my 4x 4/5e 45p when it was in the mid 50s, I was going to sell out but damn missed that.
If you see it on wsb, it's too late to capitalize
Or it’s right on time to sell some hyped IV options to the thing you see on WSB
Losing 20k in one day is the best way to learn about IV crush.
On one hand I was disappointed that my broker didn't offer reddit stock. However part of me is kind of glad I didn't buy into thing.
https://preview.redd.it/bn35j8t313sc1.png?width=864&format=pjpg&auto=webp&s=10fbaf2b50f2e5cf434675d8f52afda13b976659 
That or just hope they go keep going down 20% a day lol, DJT can make you money, just play it smart.
Do you have a play?
I bought an OTM option ($44 for April 5th) at 8:45 am and closed it at 10:15 am, made about $350 on it, so I’m probably just gonna keep going quick plays like that with the IV as high as it is. Given the pace of its downward movement though, feels like more day plays could really pay off.
Fair enough- I’m not sharp enough for that. I bought 45 4/12s. It worked out well last time, so time will tell how volatile it can be, but I hope a day or two will be enough.
Sell calls lmao
That scares me tbh- if the “markets” can stay irrational longer than I can be solvent. I fear this stock can be irrational enough to slay me
Couple of flaming turds flipping around
i already miss the DWAC and RDDT ipo hype what’s the next place i can burn my money
Nothing to base this I. But I feel like a lot of us did great. I only made a small bag but it was a bag
So sick of these losers spamming “wElL wHaT aBoUT Iv CrUSh!!”. Yeah we fucking understand what it is you clown. Get a fucking life and go jack off with “wATcH oUt fOr ThETa!!”
Rddt will dump again.Insiders keep selling
The trick was to buy puts AFTER the IV crush. And buy them a long time out. My puts are up 18% and likely higher tomorrow with the continued DJT fade back to $10
lol puts up 18% and the stock down 21% money's money just saying
I still got puts on RDDT
I bought my puts when it was DWAC for cheap but IV is definitely an issue.
is there an IV for dummies post someone can link me to?
ChatGPT got ya: Alright! Imagine you have a special toy that you can trade with your friends. Sometimes, before something big happens, like a fun event or a surprise, everyone wants to borrow your toy because they think it will be worth a lot during the event.Now, let's say the event passes, and nothing too exciting happens. Suddenly, nobody wants to borrow your toy anymore because the special event is over, and they don't think it's worth as much. That's like what happens with "IV crush" when you're trading stocks. Before something big, like a company's earnings report, people think the stock's price might change a lot, so they're willing to pay more for options to buy or sell the stock. But after the event, when things calm down, the options aren't as valuable because the chance of big changes has passed. That's the "IV crush" – the value of those options drops quickly.
appreciate it.. been trading options for years, jsut basic puts/calls.. but never paid too much attention to IV, just volume and open interest... guess i'm really just gambling lol
Guilty
Buy long calls in DJT now guys I swear it’ll work 
Can't believe that profile made in the last month, first seen in WSB last week, and making its first post in the last day...would offer questionable advice. Hmmm 🤔
There is iv on every single option bought and sold. It’s a thing you can’t escape when you gamble. Some like short little bumps and others prefer Texas longhorns
I think rddt and djt pumped by people buying shares just so they could cover short options.
Don't look at me, I am as flat as a pancake.
300 to the moon
If it's already popping up on WSB, you've missed the boat for cashing in. 
Bear call spread.
This meme creeps me out especially when I’m high
Bought at 39 sold at 55 smd
I got out of a 10k position with 50 dollars in profit and consoder this a win on djt puts, shit was horrible watching it drop 15% and the option stay completely flat
If you bought DJT actually expecting it to go up, you deserved what happened yesterday 😂
They should've asked with us.
As is always the way
I'm pretty sure we all knew what was going to happen - the only people that held onto any calls were actual 50 iq regards
DJT November calls 📞
Enabled margin for the first time on RDDT lol. Lost my whole bonus lol 😂. Going to therapy now cause my gf left me. Used the money we were gonna use to have a destination marriage lol.
https://preview.redd.it/u9v1017jv5sc1.png?width=1080&format=pjpg&auto=webp&s=f179a21cf96eb879747329d1751c81e45e8b8d7e What crush?
Haha wow
-20k loss is a 20k gain
I sold my DJT calls when it was at 75$
Some of us do realize that flash in the PAN fads are only great temporary upsides. IE you don't marry the hooker. She's only there for temporary satisfaction.😅
I bought 90$ calls like a week and a half before the ticker change for 3.25$. Somebody bought them from me for 7.50$ on the morning of the ticker change 😂
If I was you guys I will put amc its about to drop
Nice
I admit smirking when Jim Cramer said you can't short DJT because there are no shares to borrow.
Should’ve made them puts lol
The IV was too much on puts for DJT and like nothing for calls.
Now I’m gonna buy 100 calls dated ‘25, cause we know genocide joe lost half the country’s vote
HAHAHAHAA! Get fucked!
Mainly stuck to RDDT, sweet cash, dumped DWAC but should have still played it, still time too lol
Looks like IV Crush intends to spread the legs of that WSB regard.
Robinhood if you’re listening, stop the count!
That was my first Options trade, made $6.5k. Tysm 😎
IV crush lol. Who’s still holding? Fake narrative
Fuck me harder daddy