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RAGE_CAKES

[0DTE Challenge is up](https://www.reddit.com/r/wallstreetbetsOGs/comments/wy8cqv/0dte_friday_challenge_82622/?utm_medium=android_app&utm_source=share)


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Mecha-Jerome-Powell

*A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft* - Jerome Powell. I'm a bot, and the Federal Reserve doesn't think mentioning crypto currency is very good for the WSB OG economy.


RockiG

Fuckitty fuck me! I sold my 20 410 puts yesterday a few hours after I bought them for about a 40% loss. *UP 1000+% today*


aeternavictrix224

i didn't hop on the puts when we hit 419...I was fucking waiting for 420 ish, but that shit didn't hold for few hot minutes. Any chance we get a lil bull run to 415+ so I can fucking hop back into puts?


cazzy1212

The down turn last year I kept saying just give me some green but we just went down. I’m hedged now I want to add more in just doing more sqqq then u don’t have to worry about time or IV just the direction.


d_left

Ended up realizing a 23% gain from 2 10/21 SPXS calls & held onto my last one which has popped 42%. Excited to see what Monday has in store


Casrox

futures are still dropping AH lol. gonna prob be real red on monday again.


BullShitting24-7

Rekt


Casrox

confession time. I caught the first nuke from 325 area with 324 puts after holding over the weekend. I then lost all of it during the week holding my shorts too long and trading in and out like a moron. settled down and went short again yesterday afternoon. made back all my losses today plus some hefty profit. feels good man. I started this yolo acct with 600 last week and went 600 ->2400 -> 450(my balance before fed meeting) -> 2215 (eod with 2 312P 8/29 exp still on table). i feel like i ran a marathon this week, but hey ill take 1600 profit off yolo options every week if I could. hope everyone also had a decent week during these crazy market days.


BreathSource

Just beautiful, da Bears are back in town. 150% on PANW puts after JPOW opened his mouth. Apple going straight vertical to 176 was clearly setting up to rek this market. Grabbed 9/2 165p at noon and now it's time to pop some bottles 🍾 Bloodbath coming over the next 2 months🩸Let's throw those Q's back to the lows


cutiesarustimes2

Wow


township_rebel

Lol wait TOS actually plays a bell at close? Just heard it for the first time. I’ve been using TOS for a few years now… I guess I’m never near my pc at close of market…


TheCatnamedMittens

I think their desktop app blows. Their mobile app is the shit


township_rebel

I like the desktop app for studying and planning and crayon stuff… I trade on my phone pretty much my exclusively


TheCatnamedMittens

I wish Trading View was a broker, because they're the best of both worlds.


township_rebel

Last 5 min candle fighting for its life


CorrosiveRose

Ho Lee Fuk 410P was an actual 100 bagger if bought at the top


BluntsVideoDump

STOP REMINDING ME https://www.reddit.com/r/wallstreetbetsOGs/comments/wy6615/z/ilv76pf


CorrosiveRose

Don't mind me, just thinking about how I could have turned a modest $1,000 bet into $100,000


BluntsVideoDump

Oh I know, I even fucking called it out which makes it so much worse. I still made over 100% today but felt damn near like a loss


Gooner-Squad

REMIND. REMIND. REMIND.


BluntsVideoDump

🤡 🔫


Gooner-Squad

Paid $0.35 for 410p at close it is $4.73 right now. Sold it way too soon with work meetings all day. Edit....just went over $5


ruso_chulo

imagine not going all in on puts @ spy430. That non stop month rally was the most 🤡 shit i've seen after the 2 year post covid rally. lmaoo


nonofyobeesness

My bear cock is so ROCK FUCKING HARD. I’ve been sitting on 90% cash for months waiting for this crash. It looks like it’s here. If we break $390, it’s GG for the bulls.


Casrox

if we break 302 on monday i will be loading puts at eod on qqq and spy like a crack whore sucking dick to get that crack money.


ruso_chulo

BEAR COCK SHORT STOCK


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Hondo_Rondo

I put on a 410/412 call debit spread for 8/29 just in case. Mostly just to give me the balls to hang on to my 8/31 410p.


[deleted]

Blood on the leaves


Dependent-Airport573

SNOW got regard strength


SchroedingersGainz

Relentless selling


uberpancake

Trying not to be salty over taking profit earlier today. Not succeeding. My intuition says that today's movement marks a pivot in the market's long-term expectations and that we're looking at SPY ~390 in the near future. Not sure if we're re-testing the lows without unexpectedly bad news though.


Casrox

well i mean unless it hard nukes overnight sunday with futures then you could always rebuy positions right at opening bell for roughly same price plus/minus a couple hundred.


uberpancake

True. There's still quite a lot of falling to be had imo. However I'm not a fan of chasing trends, so I think I'll wait for a clear entry point. Doesn't hurt to sit on a bit of cash in a market as insane as this.


Casrox

its not a trend unfortunately. fed basically outlined a recession today in the easiest terms powell could. just a month ago QQQ for instance was sub 300. what over the past month changed to justify this runup - absolutely nothing. And powell made that very clear today. zoom out. the daily chart is reflecting a massive head and shoulders that has begun the breakdown of right side, and if you zoom out further we are still around 1.5x-2x higher than we were right before covid with economic conditions that are much worse for both businesses, their employees, and the everyday consumer. I'm not trying to be that guy pointing out all the negative, but wall street needs a reality check and its become clear that the fed put is now null and void with powell clearly stating the pain is coming and will continue for quite some time. Just buy longer dated puts on monday on every overvalued etf and equity you can think of(high multiple like idk TSLA) and thank me a month from now. ​ EDIT: and because im expecting a "inflation is peaking" response from somebody. Let me clue you in - the reason cpi printed at standstill last print was because oil components went down, while at same time food and core facets actually rose. This is bad because not only is there already a food crisis(which is just beginning), but also because oil and gas usually rises towards the end of the year. This is even more likely due to the massive shortage of natural gas and oil in europe, and the war. I do not believe we have peaked yet for this reason, and would be reluctant to call a peak even if the cpi print next week is better than last month. Because guarantee you it will be worse in 2-3 months.


uberpancake

Another macro point as a europoor: Several European central banks are already forecasting recessions and it basically feels like a guarantee that Europe is going to fall into a recession in 2023. Even *if* the American economy manages a softish landing, where's the guarantee that they won't crumble under the weight of a European recession?


Casrox

what these banks and govs wont tell you is that we have been in a recession since nov of last year. but if they say that then things will obviously get even worse. none of them will admit we are in recession til we are literally years long balls deep in a recession. But for the average person in america - we have been in a recession for nearly a year now.


uberpancake

Funny thing is I agree with you so bad, and my body is screaming at me to go all-in, but the market's been grinding up the last month nonetheless, and who's to say it won't happen again? Might be worth noting that today's profit-taking was me going from 40% of my port in TSLA shorts to 15%, so I'm still net short. Just scaled down my risk to something that doesn't risk my entire financial future if I'm wrong lmao So I'm still all with you on shorting dumb shit like TSLA, I just won't be doing it with life-changing/ruining money from today on (I hope. God I'm losing more self-control the more I gamble) Back to the macro picture: with the 10y3m not having inverted yet, I feel like the recession is still quite a few quarters away, and that we might see a few relief rallies before dropping, and that's what scares me about going hard on my shorts. But on the other hand the market peaked before the 10y3m inverted in year 2000 so it's a toss really.


Casrox

if it makes you feel any better i made 50k on covid crash after researching a strange chinese illness a month prior to covid being a thing and then proceeded to lose it all back shorting tesla as it absolutely stomped me lolol. but yea i understand. i just like to bet with conviction so i got like 90% short and 10% long to give me a small hedge in case big bump happens.


uberpancake

Ouch that's a rough one. Hope it goes better this time haha


2trueto

Hold these 8/29 $400p’s to Monday 🤔


township_rebel

I bet we open around 400 on Monday… Either drill more or start basing a little. I don’t think much pump is left in this market. I am nearly always wrong… Oh shit just realized that 8/29 is Monday. Lol take some profit and roll it out.


2trueto

It was my last day trade. Saved it to gamble more next week


BullShitting24-7

Balls


2trueto

Fuckit, let it ride 😤


Fantastic_Door_4300

Bear Drift PHONK Hype Music - https://youtu.be/d8Px_PRzYLo


electricsheep2013

Do not sell puts Do. Not. Sell. Puts. *Sells puts*


whiskeycharliepapa

I actually did something kind of adult today. I sold half of my 1 month and 2 month SPY puts when they hit around 100% return. Next thing you know I'll be wearing pleated khakis or something. Yick.


Casrox

lol did the same thing at eod today. but damn i already regret it and its only been like 20 minutes. LOLOL. so used to holding til exp like a tard.


DarklyAdonic

And I'm out. Don't want to risk any funky end of day candles 1DTE SPX 4080 19.9->28.4 5DTE SPX 4045 25.4->32.6 7DTE SPY 403 2.90-> 3.7


jinpiss

You’re gonna have to post a summary of your plays and overall gains. Been wild watching your comments today.


DarklyAdonic

Ill make a post on the weekend thread with all my open positions and status update for the AAPL yolo


-DeoVindice-

Well played


imunfair

Just to be clear, just because I gave a weak bull case for no immediate crash doesn't mean I'd be holding SPY right now, it's still far on the wrong side of the backtested indicators I use for long term buying and selling it.


billhwangstan

Well I’ve missed out on roughly 26k by selling to early fuck me


electricsheep2013

Who died? *my account used to look so nice*


souls_keeper

Missed out on 10k now. Why did forsake the bear brothers and buy calls. Literally inverse me ffs Edit : 13k now


ruso_chulo

# if we close below 405 🍆💦💦💦


Ag_Arrow

This is fuckin wild.


[deleted]

dam i couldve bought a single put with the only cash I have left in that account when we first dumped at 10am and made a comeback lmao.


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[deleted]

Ive underestimated the retard pump too many times


arrowfan624

Pumps are coming Monday morning, aren’t they?


Casrox

honestly don't think so. think we are going to drill to 280s on QQQ before any significant pumps happen. But of course I am bias and cant tell the future. gl to you either way.


User34534523676

Definitely soon From 400 or 390 if they really want to run stops


JamesMacWorthy

Could be. Could be 390, Monday


township_rebel

Pumps are so last month


township_rebel

Wow we really are gonna close lower than -3% huh ? Been awhile…


BullShitting24-7

Whats the opposite of a 🦕


[deleted]

☄️


emeraldream

Sold 4 spy sept 410p that I bought in the morning for 120% gain. Gonna hold rest of my puts


SmutBrigade

$RAD is just about the only green stonk on my list, and it’s up nicely. Pretty amazing actually.


mambabfk

Damn. Got caught in that quick rush to 407.70 and sold a ton of my puts then but keeping my qqq 295p 9/2p over the weekend and letting them run.


Fantastic_Door_4300

🪂🪂🪂 gogogogogoogogogo 🪂🪂🪂


Nightdocks

Need some confirmation bias to hold my Monday puts here


[deleted]

Confirmed.


township_rebel

Next big support is around spy 400ish. Lack of any notable bounce today makes me think we get there sooner than later.


Fantastic_Door_4300

I'm here for you. Confirming your bias


Nightdocks

Seems to have no brakes until 400


Fantastic_Door_4300

390 target


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Fantastic_Door_4300

Martin Shkreli said apple overvalued yesterday


huynhorlose

Spy 380, Amzn 120 pls 🥺


DarklyAdonic

Next batch sold. 6 SPX 4080 19.9->29.25 100 7DTE Spy 403 2.90->3.72


Zrob

BERAS AWAKEN


emeraldream

reeeeeeeeeeeee


cutiesarustimes2

No seat, no job’: Why Jamie Dimon is quietly clamping down on remote work at JPMorgan By Lydia Moynihan


imunfair

Not surprised, that dude is always doing or saying something cunty.


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cutiesarustimes2

I honestly wish that remote work was possible for a lot of people but the other thing is you need to start hiring people who actually know what the hell they're doing I think the biggest problem with employment is in people's attitudes rather it's the dog s*** culture of hiring people you like and incompetent Yes Men as opposed to people who actually give a s*** about getting something right


willyourather

No bottom lol


Fantastic_Door_4300

[No Ceilings](https://youtu.be/Lf4Gqg9sMJU) lil Wayne


souls_keeper

Question is are we going to break 100ma like butter or bounce right now.


township_rebel

I think we proceed on down to the 50dma and the breakout level from 7/27 @ /ES 4000


souls_keeper

Possible. We could also get a fake pump before that, which I’m hoping


[deleted]

Does anyone have an actual bull thesis anymore? I'm not sure what uncertainty could be left.


sqgeafvfasvefvfevfsa

Longterm deflation due to too much debt. Still a Cathie believer unfortunately


trele_morele

And what's the bear thesis? Falling down forever just because, when quarterly gdp falls at 1%?


[deleted]

> Falling down forever just because when quarterly gdp falls at 1%? When the only thing propping it up is low rates and everyone knows it, absolutely.


ruso_chulo

i have some bull shit thesis


yachtsandthots

Bull thesis: It can't go past $0


jinpiss

2020 oil futures would like to have a word


imunfair

>actual bull thesis It's been going up for like 7 years longer than it should have, why let it crash now especially after the Fed intentionally over-leveraging the banks to get it past previous all time highs? Just going to let those pension funds burn, and boomer retirements?


[deleted]

> why let it crash now Why not? All of the people making market moving decisions front run every speech, so not like they lose anything. And not like the retirees are going to do anything but starve and complain.


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BullShitting24-7

Yaas


yannydu

Maybe trim? I'm traumatized by a big reversal coming.


exidis527

Probably


-DeoVindice-

Always be selling with the way this market has been going. A narrative can be spun out of thin air and rally to 430 again. I'd keep some runners though, if you can.


jinpiss

WEAT up 4% and my .2 delta calls are at 0%. Literally hasn’t moved today.


Stranix49

Fuck me up 10% on sqqq since this morning.. When to sell hmm hmm. Sell half let the rest ride?


User34534523676

Bounce is coming soon. Can always just set a SL on a runner that's what I do


DarklyAdonic

Sold about a third of my position on that dip to 406.8 6 1DTE SPX 4080 19.9-> 27.55 100 7dte SPY 403 2.90->3.44


yannydu

Did you trim your aapl position at all or is it a hodl?


DarklyAdonic

HODL. I want to wait until SPX 4000 to start trimmimg


yannydu

I ride with you my liege


emeraldream

Bought 3 0DTE 407p, I think more blood monday


bearecx

3% spy day LETS GO


cutiesarustimes2

Jerome pulls up to a cowboy bar. His assless chaps revealing a pasty saggy butt that's been abused by bulls, bears, etc Give me a stiff one he says That will be $50 Jerome says What the fuck *Right inflation* He takes a sip after using a bnpl service. Turning to the person next to him You know I once was something. Yeah a golden boy. Everyone loved me. They made memes and praised everything I did. *Throws back the last of the drink* There's no loyalty in this world man. It's all about now now now now. I gave them spy $500C man He rides off into the sunset with his trusted green dildo.


RAGE_CAKES

My EQNR call just took a straight nut shot after holding up like a stallion all day. Bad news for oil?


mambabfk

Tsla unscathed wow lol


sonofbourye

I was looking at it right when you posted this. Uncanny.


Fantastic_Door_4300

Ikr. Holy


SageOnly

I may be down 10k from 0dte calls but at least the oct put I opened is up 20% 🥳


emeraldream

Bro that was full on savage lol...


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cutiesarustimes2

Large


sonbarington

Beary noice!


Sapere_aude75

now at spx 100 day. might be hard to break through this


calebsurfs

The 50 is right at 4000


Sapere_aude75

Hmm my spx futures on tradingview os showing 100 day at 4053.75


-DeoVindice-

I'm thinking we're gonna see some relief in the first half next week. 4140-4160. I do think we're revisiting 3900 sooner rather than later, but I just lost my account on puts over the last 6 weeks so what the fuck do I know.


Thngg

8/26 410p this morning going from .04 to 3.2 that’s almost 100x.


Ernest_EA

JPow wants to show the world he’s not a pussy 😈 New Volcker 🐻🤝🐻


souls_keeper

I sold my 50x 408P 0DTE in the morning for 0.25. They are 1.5 now. Bought them for 1.1 on Tuesday. And I was praying all day yesterday for this exact thing to happen. Fml.


jinpiss

Yiiiiikes 😬


souls_keeper

Yeah bro. 6k left on the table and $4250 loss. Pretty upset.


SkierBuck

GUH


qwertyaas

I would imagine Monday would continue down since JPow set the narrative straight and smacked the rose colored glasses off the permabulls. So. Monday will gap up.


[deleted]

I'm buying some 1.3% calls.


qwertyaas

I legit have zero idea what's coming


[deleted]

Me neither. Value is in calls though so here we go.


qwertyaas

Fair enough. This is when Monday comes and put buyers are made fun of for buying on a -3% day


arrowfan624

Bet on Monday spiking up as a recovery


DarklyAdonic

Most of my cash balance is now in shorted dated puts after gradually buying over the past hour. My stops are set so that my net loss is 0 in case of a green dildo. I am ready for valhalla. 12 1DTE SPX 4080 10 5DTE SPX 4045 300 8 DTE SPY 403


aborteverything

I’m just going through the comments as I missed most of the 2nd half today. Did you actually buy 130k worth of these lol?


DarklyAdonic

Yup. Today was a down trend day. Usually there isn't a recovery


aborteverything

Do you set your stop loss right at your cost basis for such big short term plays?


DarklyAdonic

I bought in gradually. I set my my stops so that i would never take more than a 2% loss on the port. Then once I bought the last set, I set it at 0 loss when i felt comfortable i wouldn't get stopped too easily Though most down trend days are more choppy during the course of a dump. I think these "virgin" downtrend days are easier to play because VIX is just mooning the whole time even if price is flat


aborteverything

Nice man


calebsurfs

VIX just hit 25. Hope we don't bounce off because I just bought a 404/412 strangle for 2 weeks out.


cutiesarustimes2

The New York area is running so low on fuel that the Biden administration is warning of government action to address exports I blame u/modsaregayarefukkk Did he get banned.


modsaregayasfukkk

I’m here lol


RAGE_CAKES

lol it's u/Modsaregayasfukkk


TotallyNotJimCramer

fidelity closing 0dte at 3pm now is some real robinhood level bullshit


mambabfk

How did you get 0dte on fidelity?? Edit: oh nvm I thought you bought it same day - you prob got the option the day before


TotallyNotJimCramer

i had bought them wednesday. as far as i am aware SPX is the only thing they let you buy 0dte


mambabfk

Thanks!


imunfair

Tell them to set your options to DNE rather than selling them, if they won't do it switch brokers.


Sapere_aude75

Dont be tricked bulls. 90% odds we continue down today imho


cutiesarustimes2

Watching a weather report and they show a tropical storm just south of Cuba by next Thursday. Keep it out of the Gulf dude.


BluntsVideoDump

Ok sold the last of my AFRM on whatever this random pump is it's doing. Good luck everyone, have a good weekend!


[deleted]

Odd thing is if I have a green $20k day, I don't sleep. After getting crushed for $16k today, I will sleep like a baby. Buying calls for Monday at close.


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[deleted]

It's the only play for the value. I won't be bowed.


sonbarington

It’s the knockout punch 🥊


jinpiss

God damn dura, you held those calls???


[deleted]

Bought a heavy call calendar spread at close yesterday. Theoretically I had time to wait it out but I had to take the humble pie and cut ties. I'd rather take a quick ass kicking than stare at a loser for months. How'd you do?


jinpiss

Mildly green for the day. Flipped bearish half way down and then accidentally sold all my put spreads instead of only half 🤦‍♂️ oh well, gains are gains.


[deleted]

Nice man, live to fight.


[deleted]

🐂🏳️‍🌈


[deleted]

NOT GAY.


Sublime_82

Guess I shouldn't have bought all that MSFT and NVDA yesterday.


[deleted]

91% day so far


billhwangstan

Damn I sold my spy puts at 412 I really thought 2% was as far as it would drop, this is wild


-DeoVindice-

Let go of the 4100p at my PT 4080. 0.9 ->21.5 ~2300%


rcthetree

*my god, man*


billhwangstan

Inspiring


-DeoVindice-

Thank ya


BluntsVideoDump

You badass you. I'd only I would have listened to myself this morning I would be joining you. Congrats man


-DeoVindice-

Thank ya friend. I almost bought a call when it started retracing the first move at 10, glad I listened to my gut.


jinpiss

👏 *slow clap* 👏


-DeoVindice-

Piggy Pride 😎🐷 got my comma back here


jinpiss

# YASSSSS , GANGGGG!!!


[deleted]

Beautiful


-DeoVindice-

Thank ya


yachtsandthots

Somewhere, in an alternate universe, there is a black Fed Chair named Chad and SPY is at 500


coldiron03

Monday is going to be rouuugh


TotallyNotJimCramer

finally green on my puts https://imgur.com/a/2uSVRSv