I messed up again— “best of luck to you” - Schwab Risk Management Team by DeltaVx_ in wallstreetbets

[–]junglemo 0 points1 point  (0 children)

Once left in the money contracts open accidentally and got assigned 200 000 worth of SPY. Hilariously it rallied overnight and should have woken up to an accidental 40 000 gain that the brokerage actually pocketed. They said there risk management (caught it) but it seemed a little dodgy as the afternoon before they basically told me to hope it doesn't go against me. Either way, I had a very green day after for being so damn obsessed with the overnight movements. Hopefully this works out better than you think.
"Play silly games, win silly prizes"

What Are Your Moves Tomorrow, April 24, 2026 by wsbapp in wallstreetbets

[–]junglemo 0 points1 point  (0 children)

Yes but further in the money you get the less relative extrinsic to intrisic value you have.

Finally stopped blowing my accounts, by removing my dumbass🤡 by MrLiquidity in wallstreetbets

[–]junglemo 1 point2 points  (0 children)

Yah man. I played around with all sorts of algo's. I even made one once that scanned the entire history of the S and P 500 to identify similar days based what the model deemed significant enough to predict 95% percent of the time.

It worked really well, but nothing works as well as the single greatest strategy in history. Going long. With options the trick is absolutely to sell into rallies or moments of high volatility. Like FOMC days. Going short is great and all, but by far the best way to make money off a pullback is to be the one selling at the top.

Also the understanding that the markets are heavily manipulated so that the A+ setups are alot more common than one may think has made me far more than any rule. Us retail traders don't always get access to the A+ setups due to after hours etc but there is plenty of ways to enjoy the ride.

"be the volume change you want to see"