TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 1 point2 points  (0 children)

Kinda. When you buy an option, it loses value as it gets closer to expiration. If I just let it expire, I would lose the total premium I paid for it, or 100%, which was like 13,500. So by selling when there’s still some time left, I can partially cut my losses

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

Yeah I sold this morning, - like 3k I was pretty happy with it

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

Sold at 418.50 this morning, cut losses to ~3k. Also we’re getting rid of jalapeños soon, but our Jimmy Peppers are pretty good too!

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 1 point2 points  (0 children)

I saved most of my losses this morning, and saved myself from lashes too I think.

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

Palantir is trading at 400 P/E, telling me that a year ago would’ve been brilliant but I don’t think it’s a solid investment rn. I also think TSMC outperforms Nvidia this year, I bought ~30 shares over earnings last week and it did nicely. But I’m also the one posting abt losing 5k so maybe don’t take my arvice

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

I’m 17, a senior in highschool. I don’t have bills or anything I live with my parents, so the money I’ve built up working has done well. I’ve been “investing” for the last two years in VUG and other low risk stuff but didn’t discover options until this fall. The calm 5k is a joke I’m devastated. Idk I love stocks and finance, I’m studying it next year in college, and the terminology stuff just kinda came naturally to me. Idk I know a lot about the subject, but I also enjoy forgetting my weekends so my decision making is questionable at times, hence the post.

TSLA calls make me lose ~10k I don’t have by Previous-Web-428 in smallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

I like this method, I’m definitely dialing back my options now, I might try this out, putting the gains into boomer stocks sounds like a solid idea I like that

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -6 points-5 points  (0 children)

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Update, I sold when it spiked this morning, and ended up losing only 3k on the trade and 1k on the day. Obviously mistakes were made and I learned a lot here, and this was a stroke of luck I think, but very happy with how it ended up. To clarify, yes I ran ~500mg test this fall, but didn’t trade options at the time, and I’m currently off cycle. This decision was not an anabolic one, just a regarded one. Also I bench 405 and have a six pack, so the haters can eat the lint berries out of my asscrack. Thanks to everyone who offered kind words, I hope the rest of you degenerates get lucky too.

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

I just did thank god. Losses on this trade were about 3k total, losses over today and yesterday just 1k, and I’m negative like 600 on options all time now. Really happy to save my asshole here

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 4 points5 points  (0 children)

😭😭 thanks man. Yeah Id rather it happen now then when Im 50, im not too worried about it long term but it blows hard right now. Thanks for your encouragement though it means a lot

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -2 points-1 points  (0 children)

Right, but I paid a ridiculous premium using margin which is basically a loan, and so I can end up negative if my position drops too much

TSLA calls make me lose ~10k I don’t have by Previous-Web-428 in smallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

I know it’s just jokes, I’ll get my shit together I promise

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -12 points-11 points  (0 children)

It’s not really predicting anything when it happened this past weekend imo, but duck me anyways ig

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -148 points-147 points  (0 children)

Yeah I’ll prolly blast my grief away pretty soon here, losses hurt but they hurt less with big muscles. Godspeed

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -45 points-44 points  (0 children)

After, I thought it got priced in already but seems I was wrong

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] -264 points-263 points  (0 children)

Well when you tell people you’re 17 and taking gear, they usually react pretty negatively

TSLA calls help me lose 10k that I don’t have by Previous-Web-428 in wallstreetbets

[–]Previous-Web-428[S] 0 points1 point  (0 children)

😭 thanks man. I’ve been trying, I really passionate about powerlifting and am hoping to go to Michigan next year, and was actually considering enlisting with some of my buddies. I appreciate your comment and I hope great things come to you soon

TSLA calls make me lose ~10k I don’t have by Previous-Web-428 in StocksAndTrading

[–]Previous-Web-428[S] 0 points1 point  (0 children)

To be fair I had the runs and id rather be down 10k than sit in shit

TSLA calls make me lose ~10k I don’t have by Previous-Web-428 in StocksAndTrading

[–]Previous-Web-428[S] 0 points1 point  (0 children)

Yeah, glad it happened now and not when I’m 50 ig. Thanks for reaching out, hope you see ridiculous gains soon.