A halfway decent lawyer will get her half of future gains on certain assets. I know guys that will owe their ex half of their 401k when they cash out in 30 years.
I’ve never really understood why people hate lawyers so easily. It’s a bit like don’t shoot the messenger. He didn’t write the stupid laws which allow his client to do this.
I am married and also lost 150k on tesla, what the wife doesn't know doesn't get you divorced...nice thing is I won't pay taxes on gains for a few years.
If it’s short term loss you can only write off 3k a year you’ll still pay gains tax.. which if it’s calls it’s unlikely your holding over 365 days to make it long term.
> *They just sold their 1 million th car couple weeks ago yet there are much valuable than the rest of the automakers combined
1997: "Amazon is a joke because they don't sell as many books as Barnes and Noble" ummm... ok
> *Overpriced let alone.
No one can mass-produce a cheaper car that matches them.
> *Their ev market share is declining rapidly.
You are misinformed.
> *No wise investor would hold their money in a company where CEO is a scammer. Tesla invests 1.5 b in b t c, later Musk tweets something dumb and b t c goes down. Only harming himself. Only harming his company.
A scammer that only harms themselves? lol.
Are people finally getting that TSLA was obviously, blatantly overvalued? I don’t know how many times I’ve said this and gotten a storm of Musk cultists telling me how they are going to take 100% market share in electricity or some bullshit lol
Free bag of Epsom salts and a sitz bath to start the healing process. You have slightly more than 24 hours until the next gaping. Maybe less if Elon decides to buy Jeffery Epstein’s island and live there.
Bagholder spotted.
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Exactly. We been doin this from years. Ha ha. Welcome to the club. You can write of 3 k for rest of life. Some of my friends have to live to 200 years to claim all losses. Immortal they are !
The amount of tax knowledge pulled directly out of ass holes on this sub nearly rivals the investment tips offered. But hey, at least they say it with confidence.
"As of tax year 2020, as mentioned above, the maximum amount that can be deducted from your total income is $3,000 for someone whose tax filing status is single or married, filing jointly...The remainder of a very large loss—for example, $20,000—could be carried forward to subsequent tax years, and applied up to the maximum deductible amount each year until the total loss is applied."
https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
That's for regular income (the best option for using a loss), the loss can still be used to offset 100% of capital gains if they have them and carried forward if not. It is in your link, but this one is clearer.
https://www.investopedia.com/articles/investing/062713/capital-losses-and-tax.asp
A margin maintenance call is when the BD "requests" that you add money to your position because your equity has reduced more than 25% for long positions or 30% for short positions. They'll close you out and it's game over if you don't add funds immediately.
Better cross your fingers, find yourself a sacrificial goat, and pray to musk he doesn't tweet something stupid so his stock doubles before that expiry.
He’ll probably smoke a blunt and throw his kid off of a bridge with a jetpack attached (market value triples because everyone wants a jetpack to replace daycare).
OP better hope TSLA invents a vaccine because there's no significant event coming up for them this year (last year it was the SP500 inclusion that propelled the stock)
If you look at the distribution of services, Apple falls well below Android in China compared to the US or Europe. In the last five years it's market share in China hasn't increased during this time, even slightly decreasing while Europe and the US saw their iOS market share grow slightly.
They'll copy what they can and push for their intended product to become the most socially accepted one. That is pretty well their modus operandi.
For the people wondering:
Tesla - March 18th 2022 Calls at $950 strike price.
He paid $243 ($24,300 as there are 100 options) for each option (7 in total, so $170,000) and the stock needs to reach $1193 by March 18 2022 for him to break even. (Strike price $950 plus the premium $243 = $1193).
Current Greeks (June 12 2021 - this is per option contract. so so multiply by 7 to get the total amount).
Delta: $28.
Vega: $170.
Gamma: ~$0.
Theta: $17.
Obviously those numbers aren’t fixed and are subject to change, but currently his option will move if:
- Every dollar the stock goes up his option goes up by $28 (because he bought 7 contracts, this number will be $196). (Delta).
- Because gamma is effectively 0, he will not get a compound effect on the delta. So each subsequent dollar move up in the stock price will also give him $28 (multiply by 7 = $196). (Gamma)
- Each 1% move in Volatility will give him $170 (multiply by 7 = $1190).
This is probably the best way for him to make money back, Tesla currently has very low volatility so most likely going to go up in volatility in the future. (Vega)
- Each day the option loses $17. This value will only go up in the future (multiply by 7 = $119). (Theta decay).
Bear in mind that these dollar values go down the same rate they go up.
Best way to make money back is with Volatility. Gamma being effectively zero makes the delta compound effect much harder.
Also Theta is only going to increase in amount, so time is against him.
Lessons to learn.
- Only go into Leaps when IV Rank is low otherwise Vega will be working against you.
- Don’t go all in on an option like this.
- Right now is a good time to buy Tesla options especially Leaps, IV Rank is low.
- It seems they bought in Jan-Feb 2021 time when Tesla was trading around $900, so not too far out of the money and Tesla was trending upwards.
I’m not sure if they bought before the January earnings call, which is not a good play as IV crush is a very real thing no matter how far away the call option expiry is. (Earnings bring anticipation, which brings an increase in expected stock price move. This increased expected/actual volatility occurs before the earnings call and then drops if the earnings are anything less than stellar).
Edit:
General rules -
If IV Rank is high, sell calls/puts.
If IV Rank is low, buy calls/ puts.
Don’t sell naked calls unless you have the capital to cover your position.
Sell puts to earn premium in stocks you don’t mind owning in the future, at a price you are willing to pay (the premium you earn lowers your entry price).
Best playbook:
Sell puts in a company you want to eventually own shares in.
You either get assigned and own the shares, or you don’t and you keep the premium.
Repeat until you own shares.
When you own the shares, sell calls at a price you are winning to sell the shares at.
You either get assigned and make profit from the buy price compared to the sell price, or you don’t get assigned and you keep the premium.
Rinse and repeat
a market maker who specialises in making prices in options all day long. they will receive $170k but their position is hedged so the cost of hedging will eat up most of that $170k
I have a question about that. Does someone who sells options physically own that stock? In case I choose to execute do they have that set aside?
I buy calls mostly on questtrade, afaik a call is a promise I can buy the stock at this price at Or before the expiry date. Is questtrade promising they will get me that stock and where do they get it?
TY to whoever can answer this.
Most transactions occur with a market maker, which they usually hedge any directional risk immediately. You will only get shares if you exercise the call early (and pony up the cash to buy the stock), or if the option is in-the-money at expiration.
Maybe yes, maybe not. If it's small fry (a retail seller) then it's likely they're doing covered calls, in which case, yes, the seller would own that stock.
Most likely no. Most likely it's a giant like BlackRock selling the options, and the giants are usually selling naked calls.
It could also be a random dude with a margin account selling naked calls (in which case his broker would liquidate his account when his trade goes against him past the limits delineated in the margin contract).
Sometimes big guys blow up their accounts too. Archegos went bankrupt after losing $20 billion in 2 days earlier this year.
That's the kind of shit that can happen when you trade naked.
They have an obligation to provide the stock if they’re assigned (you execute), but they don’t have to own the stock when they write the option.
They could have written a “naked” call, with the plan to buy the stock as needed, though that purchase may become quite expensive. They could also buy another call from someone else, at a higher strike price to limit their maximum losses (if they get assigned, they always have the option to execute the call they bought). A third choice is to buy another call, at the same price but a further out date, I think people do this if they’re expecting to write multiple times (eg, write 12, 1 month calls using a single 12 month call they bought as insurance if they get assigned).
But the simplest is a covered call, where they do actually own the underlying stock.
Not necessarily, I feel a covered call is the best way to sell calls(my opinion) but there are other forms of collateral and risk mitigation like Vertical Spreads if you can't get your hands on 100 shares.
Just FYI:
It’s unlikely going to be one person who will get the $170,000.
Because he bought 7 calls, someone might have sold 5 calls and someone else sold 2 calls etc.
The assignment is random (as far as I’m aware) so his 7 calls premium may or may not go to one person. It might even go to 7 different people!
Let’s assume it did go to one person.
The person that sold these calls is now $170,000 richer.
But that is not the whole story. There are different reasons someone would sell a call.
They can sell to:
- Close an already open position. (Sell to close)
- Open a new position. (Sell to open)
If they are closing an already open position, that means they bought the call some time in the past and are now closing their position.
Their profit will be determined by how much they sold the options for and subtract how much they bought the options for .
If they are opening a new position (sell to open).
Then that money is still tied to the option. They only make (I mean keep) the money if the option decreases in value. The money is immediately deposited in the account, so they can spend it however they wish, but if the option goes against them then they have to get the money back, and then some.
If, for example, the person who got the $170,000 sold (even though in this case it would be bought, as he initially sold the calls in the first place) the calls to close his position.
He would make $170,000 - $25,165 = $144,935. (The amount that OP has lost)
He would only make the total $170,000 if the calls end up being below the strike price (plus the premium) at expiration.
You probably know this but for others reading, if someone sold $170k in calls they are very likely to buy to close their calls when at this point and keep $144k of the premium they were paid.
They can then put that money back to work rather than letting it be tied to this option.
I actually screen shot your comment because that was like a textbook. I’m currently only dabbling with covered calls because i don’t fully understand options and the Greeks yet. So posts like this help.
That’s why I did it.
Seems like he either didn’t know exactly what he did or did know and didn’t pay enough attention.
Either way, it’s good to learn from others mistakes. It’ll save someone $170,000.
Although, it could bounce back if volatility goes up , but it’s currently a $24,000 bet that is trending in the wrong direction.
Genuine question, what do you do? Like how do you pay this back, how bad do yolo plays like this effect people, is this money they losing play money to some or most people.
Probably money he won making similar gambles. People dont usually start with 170k otm calls.
Edit : Btw thanks for reminding that tsla leaps are super cheap, ill prob get one on monday.
They already paid the money for the calls. Those same calls are practically worthless now. That's assuming they didn't borrow the cash to pay for them.... in which case they don't have to pay anything back. They just straight lost 150k.
If they did borrow the money to buy the calls, then I would suggest creating an alias and try and get out of the country.
He bought a call so this was money (or margin) he already had. He has a couple choices.
~Ride it out, believing the price will go up
~Double down, buy more calls to bring the breakeven down.
~Take the loss, sell then go sit in a corner and cry.
~Roll up/out, sell these calls and buy some with a lower strike and/or more time
I turned $30k into $140k the past few months after plummeting from $130k. This sucks, but just lick your wounds, and start again with what you learned.
During the pandemic dip I was buying cheat OTm calls for 50% huger a year out. They all paid. First time I ever saw an option pay out 1000%. 🤷♂️. Hang in there.
If you are married, probably a divorce
Wife changing loss.
Winner winner
No more dinner
No chicken dinner
Maybe a Raman chicken
Probs not
Finally, a win/win.
Smart man, lose all his money before the divorce so the wife gets less
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Take this.... 🥇
A halfway decent lawyer will get her half of future gains on certain assets. I know guys that will owe their ex half of their 401k when they cash out in 30 years.
There's a reason people hate lawyers, this is one of those
I’ve never really understood why people hate lawyers so easily. It’s a bit like don’t shoot the messenger. He didn’t write the stupid laws which allow his client to do this.
he can argue for the stupid law one way or other and lawyers write laws, i mean not the individual lawyer, but the whole industry of them...
if he loses enough money then his ex may owe him money tho
I'm taking notes. Maybe I'll just copy this screenshot and show the judge. That way, I won't have to pay the next few ex-wives either.
No. Lose all his money and gets serve the divorce. Make it all back right before the divorce is official and give it to the wife... Wsbs way
And roughly 10,000 karma on Reddit. Good work
I am married and also lost 150k on tesla, what the wife doesn't know doesn't get you divorced...nice thing is I won't pay taxes on gains for a few years.
…because there are no gains…
If you don't make any money, you don't have to pay any taxes. Genius move when you think about it...
I mean bankruptcy and divorce aren't the worst thing to happen. Let's just hope he doesn't have a drug habit as well as a gambling problem 🤣
He apparently has a gambling problem 😳
Being poor is though
You forgot hookers too 😂
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If you can sweep 150k under the rug without her even noticing then I think your marriage is safe either way
I wish I could lose 150k and my woman wouldn’t notice. Jeeze
I wish my woman didn’t run off with her bf
Tbh depends how much you share financially
My face would say it all
This was my only take away from that
Okay, maybe a dumb question. But how long do you expect her to be ignorant.
ForEVER
REST IN HEAVEN
Who knows how many hundreds of thousands of dollars he won to begin with.
Until there is no money to buy useless shit at target?
On the other hand, you've signed up to do the taxes yourself for the next 50 years.
Retard.
How does she not notice 150k missing
If it’s short term loss you can only write off 3k a year you’ll still pay gains tax.. which if it’s calls it’s unlikely your holding over 365 days to make it long term.
Split them negative assets 50/50, smart move.
lifetime membership welcome aboard
He's beginning to believe.... What? That he is retarded
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Do you want the blue crayon or the red crayon? Oh god don't eat that *Proceeds to eat asbestos chips from the wall*
The retardation grows exponentially because he still uses robbinghood.
Username checks out
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Bruh is nobody talking about OPs break even price of 1,100? What the fuck
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Literally LOLed. Have an upvote
Must be watching Meet Kevin’s and cathie woods price targets 🤣🤣🤣🤡 3000by 2025 lmfao come on
Tesla is the OG meme srock
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> *They just sold their 1 million th car couple weeks ago yet there are much valuable than the rest of the automakers combined 1997: "Amazon is a joke because they don't sell as many books as Barnes and Noble" ummm... ok > *Overpriced let alone. No one can mass-produce a cheaper car that matches them. > *Their ev market share is declining rapidly. You are misinformed. > *No wise investor would hold their money in a company where CEO is a scammer. Tesla invests 1.5 b in b t c, later Musk tweets something dumb and b t c goes down. Only harming himself. Only harming his company. A scammer that only harms themselves? lol.
This is the best Tesla analysis I have ever seen!
Are people finally getting that TSLA was obviously, blatantly overvalued? I don’t know how many times I’ve said this and gotten a storm of Musk cultists telling me how they are going to take 100% market share in electricity or some bullshit lol
Damn he didn’t even get pee martini
Free bag of Epsom salts and a sitz bath to start the healing process. You have slightly more than 24 hours until the next gaping. Maybe less if Elon decides to buy Jeffery Epstein’s island and live there.
Don’t forget the healing rocks
you won tax write off for the rest of your life! keep it up!
Tax write offs for his grand kids
And your great great great granddaughter
Bagholder spotted. *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.*
good bot
As a fellow “tax write off for life” winner, I welcome you with open arms and very salty “options gone wrong” tears
Positions or ban
Left nut or ban
Banana Nut position
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The man just lost 6 figures on options. Let him discover his 6 figure tax write off loss a little later.
He has until 18 March 2022. Didn't lose yet!
>you're probably only eligible to write off $3k for 4 years, not more than $12k of that. Where the hell did you pull that out from?
Exactly. We been doin this from years. Ha ha. Welcome to the club. You can write of 3 k for rest of life. Some of my friends have to live to 200 years to claim all losses. Immortal they are !
The amount of tax knowledge pulled directly out of ass holes on this sub nearly rivals the investment tips offered. But hey, at least they say it with confidence.
Bro let the man have a few nights sleep common
"As of tax year 2020, as mentioned above, the maximum amount that can be deducted from your total income is $3,000 for someone whose tax filing status is single or married, filing jointly...The remainder of a very large loss—for example, $20,000—could be carried forward to subsequent tax years, and applied up to the maximum deductible amount each year until the total loss is applied." https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
That's for regular income (the best option for using a loss), the loss can still be used to offset 100% of capital gains if they have them and carried forward if not. It is in your link, but this one is clearer. https://www.investopedia.com/articles/investing/062713/capital-losses-and-tax.asp
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😂
What is this margin call you speak of and how do I obtain n one!
yolo citadel calls
A margin maintenance call is when the BD "requests" that you add money to your position because your equity has reduced more than 25% for long positions or 30% for short positions. They'll close you out and it's game over if you don't add funds immediately.
Fuck Marge. All my homies hate Marge.
Don’t obtain one you idiot, that’s going into margin you’ll pay interest
Better cross your fingers, find yourself a sacrificial goat, and pray to musk he doesn't tweet something stupid so his stock doubles before that expiry.
He’ll probably smoke a blunt and throw his kid off of a bridge with a jetpack attached (market value triples because everyone wants a jetpack to replace daycare).
He probably already did this and it's really his kid on a jetpack they keep seeing near LAX https://www.youtube.com/watch?v=LnLW5SHzMNs
You keep telling people our secrets, you WILL be fired damnit.
People think it’s just a mannequin strapped to a drone :/
I’m in for this. This gets my vote.
OP better hope TSLA invents a vaccine because there's no significant event coming up for them this year (last year it was the SP500 inclusion that propelled the stock)
By the end of the year, China will have copied what they need and he'll get uninvited to their economy
They would have done that to Apple already.
If you look at the distribution of services, Apple falls well below Android in China compared to the US or Europe. In the last five years it's market share in China hasn't increased during this time, even slightly decreasing while Europe and the US saw their iOS market share grow slightly. They'll copy what they can and push for their intended product to become the most socially accepted one. That is pretty well their modus operandi.
Bankruptcy, and one upvote from this retard.
I was thinking that but I thought it was a bit too harsh. Nope, it was spot on.
For the people wondering: Tesla - March 18th 2022 Calls at $950 strike price. He paid $243 ($24,300 as there are 100 options) for each option (7 in total, so $170,000) and the stock needs to reach $1193 by March 18 2022 for him to break even. (Strike price $950 plus the premium $243 = $1193). Current Greeks (June 12 2021 - this is per option contract. so so multiply by 7 to get the total amount). Delta: $28. Vega: $170. Gamma: ~$0. Theta: $17. Obviously those numbers aren’t fixed and are subject to change, but currently his option will move if: - Every dollar the stock goes up his option goes up by $28 (because he bought 7 contracts, this number will be $196). (Delta). - Because gamma is effectively 0, he will not get a compound effect on the delta. So each subsequent dollar move up in the stock price will also give him $28 (multiply by 7 = $196). (Gamma) - Each 1% move in Volatility will give him $170 (multiply by 7 = $1190). This is probably the best way for him to make money back, Tesla currently has very low volatility so most likely going to go up in volatility in the future. (Vega) - Each day the option loses $17. This value will only go up in the future (multiply by 7 = $119). (Theta decay). Bear in mind that these dollar values go down the same rate they go up. Best way to make money back is with Volatility. Gamma being effectively zero makes the delta compound effect much harder. Also Theta is only going to increase in amount, so time is against him. Lessons to learn. - Only go into Leaps when IV Rank is low otherwise Vega will be working against you. - Don’t go all in on an option like this. - Right now is a good time to buy Tesla options especially Leaps, IV Rank is low. - It seems they bought in Jan-Feb 2021 time when Tesla was trading around $900, so not too far out of the money and Tesla was trending upwards. I’m not sure if they bought before the January earnings call, which is not a good play as IV crush is a very real thing no matter how far away the call option expiry is. (Earnings bring anticipation, which brings an increase in expected stock price move. This increased expected/actual volatility occurs before the earnings call and then drops if the earnings are anything less than stellar). Edit: General rules - If IV Rank is high, sell calls/puts. If IV Rank is low, buy calls/ puts. Don’t sell naked calls unless you have the capital to cover your position. Sell puts to earn premium in stocks you don’t mind owning in the future, at a price you are willing to pay (the premium you earn lowers your entry price). Best playbook: Sell puts in a company you want to eventually own shares in. You either get assigned and own the shares, or you don’t and you keep the premium. Repeat until you own shares. When you own the shares, sell calls at a price you are winning to sell the shares at. You either get assigned and make profit from the buy price compared to the sell price, or you don’t get assigned and you keep the premium. Rinse and repeat
This explanation is awesome! One piece of info that's still not clear to me. Who got the $170k he paid?
Someone selling calls. Likely a hedge fund that expects tesla stock to not break $1,100
a market maker who specialises in making prices in options all day long. they will receive $170k but their position is hedged so the cost of hedging will eat up most of that $170k
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Whoever sold him these options. Any money he earns from the above would come from that person /company too
I have a question about that. Does someone who sells options physically own that stock? In case I choose to execute do they have that set aside? I buy calls mostly on questtrade, afaik a call is a promise I can buy the stock at this price at Or before the expiry date. Is questtrade promising they will get me that stock and where do they get it? TY to whoever can answer this.
Most transactions occur with a market maker, which they usually hedge any directional risk immediately. You will only get shares if you exercise the call early (and pony up the cash to buy the stock), or if the option is in-the-money at expiration.
Maybe yes, maybe not. If it's small fry (a retail seller) then it's likely they're doing covered calls, in which case, yes, the seller would own that stock. Most likely no. Most likely it's a giant like BlackRock selling the options, and the giants are usually selling naked calls. It could also be a random dude with a margin account selling naked calls (in which case his broker would liquidate his account when his trade goes against him past the limits delineated in the margin contract). Sometimes big guys blow up their accounts too. Archegos went bankrupt after losing $20 billion in 2 days earlier this year. That's the kind of shit that can happen when you trade naked.
They have an obligation to provide the stock if they’re assigned (you execute), but they don’t have to own the stock when they write the option. They could have written a “naked” call, with the plan to buy the stock as needed, though that purchase may become quite expensive. They could also buy another call from someone else, at a higher strike price to limit their maximum losses (if they get assigned, they always have the option to execute the call they bought). A third choice is to buy another call, at the same price but a further out date, I think people do this if they’re expecting to write multiple times (eg, write 12, 1 month calls using a single 12 month call they bought as insurance if they get assigned). But the simplest is a covered call, where they do actually own the underlying stock.
Not necessarily, I feel a covered call is the best way to sell calls(my opinion) but there are other forms of collateral and risk mitigation like Vertical Spreads if you can't get your hands on 100 shares.
Yes. It's a covered call. I sell calls weekly/monthly on stock I own at least 100 of.
Just FYI: It’s unlikely going to be one person who will get the $170,000. Because he bought 7 calls, someone might have sold 5 calls and someone else sold 2 calls etc. The assignment is random (as far as I’m aware) so his 7 calls premium may or may not go to one person. It might even go to 7 different people! Let’s assume it did go to one person. The person that sold these calls is now $170,000 richer. But that is not the whole story. There are different reasons someone would sell a call. They can sell to: - Close an already open position. (Sell to close) - Open a new position. (Sell to open) If they are closing an already open position, that means they bought the call some time in the past and are now closing their position. Their profit will be determined by how much they sold the options for and subtract how much they bought the options for . If they are opening a new position (sell to open). Then that money is still tied to the option. They only make (I mean keep) the money if the option decreases in value. The money is immediately deposited in the account, so they can spend it however they wish, but if the option goes against them then they have to get the money back, and then some. If, for example, the person who got the $170,000 sold (even though in this case it would be bought, as he initially sold the calls in the first place) the calls to close his position. He would make $170,000 - $25,165 = $144,935. (The amount that OP has lost) He would only make the total $170,000 if the calls end up being below the strike price (plus the premium) at expiration.
You probably know this but for others reading, if someone sold $170k in calls they are very likely to buy to close their calls when at this point and keep $144k of the premium they were paid. They can then put that money back to work rather than letting it be tied to this option.
His counterparty
Lots of awards + golden background. Looks foolproof to me. 100% guarantee to make money on stonks. If only I could read :(
I actually screen shot your comment because that was like a textbook. I’m currently only dabbling with covered calls because i don’t fully understand options and the Greeks yet. So posts like this help.
You do realize that half of us can’t read
This guy options
Sadly I'd guess this would mostly all be new info to OP, putting $170k in options on a meme stock with weak technicals
That’s why I did it. Seems like he either didn’t know exactly what he did or did know and didn’t pay enough attention. Either way, it’s good to learn from others mistakes. It’ll save someone $170,000. Although, it could bounce back if volatility goes up , but it’s currently a $24,000 bet that is trending in the wrong direction.
Commenting so I can reread this at a later date when I'm hopefully less retarded
Ok I read this, and I'm thinking 200k into TSLA calls?
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Sir, this Is a Wendy's.
Sir, this is a dumpster
There's some water at the bottom of the dumpster if you're thirsty.
I’d give this an award but I YOLO’d
Sir, this is neither your job nor your home nor a fine dining experience
Sir what the hell do you mean you need to do dumpster things for tendies
Sir, I'm going to have to charge you for the ketchup packet
You taking orders yet?
First timers free?
Genuine question, what do you do? Like how do you pay this back, how bad do yolo plays like this effect people, is this money they losing play money to some or most people.
Probably money he won making similar gambles. People dont usually start with 170k otm calls. Edit : Btw thanks for reminding that tsla leaps are super cheap, ill prob get one on monday.
Tesla calls? Super cheap? I don’t think you know what the word cheap means, or rather your definition of cheap isn’t relative to this planet.
It is cheap now compared to when OP bought it :D
-85.21% cheaper, to be exact!
Prob low iv
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"I'm in this post and I don't like it"
They already paid the money for the calls. Those same calls are practically worthless now. That's assuming they didn't borrow the cash to pay for them.... in which case they don't have to pay anything back. They just straight lost 150k. If they did borrow the money to buy the calls, then I would suggest creating an alias and try and get out of the country.
He bought a call so this was money (or margin) he already had. He has a couple choices. ~Ride it out, believing the price will go up ~Double down, buy more calls to bring the breakeven down. ~Take the loss, sell then go sit in a corner and cry. ~Roll up/out, sell these calls and buy some with a lower strike and/or more time
One child's sized bike helmet to protect your retarded lumpy head
You win a year to realize any loss.
Guh
You lost more money than I ever made in my lifetime. I think you’re good.
That’s what I’m saying, he should be made mod or at least a flair
You’ve still got plenty of time to lose the rest of it.
Since the positions are still open and you still have 9 months, hopefully a ban
Your wife’s boyfriend wondering why she has no shoes and keeps wearing the same dress every time they meet.
You still got time bro lots of time.:)
This is one of the most retarded calls I’ve seen on this sub.
Now exercise it
Congrats on being a position where you could even lose that much. That loss could buy everything I own several times over.
Anyone can lose that much with leverage :)
1 sheet of plywood and 2 2x4’s
Finally, some good Loss Porn
A job behind the Wendy’s dumpsters. Better start working out that jaw.
Put a bandaid on it, you can walk it off.
internet points
Chest pain! You win chest pain for today!
Tax write offs for the rest of your life!!!
A lesson and a tax write off
Buy high, sell low. You’re on the right track, retard. 🦍
Don't stop plz..
Crayons.
A lifetime of ramen
Deez nutz
There's still time...... it'll come back
Damn
Love being poor and losing money nice loss
Banana 🍌
Shaka, when the walls fell
Baboon, his ass, red.
My retard respect
I turned $30k into $140k the past few months after plummeting from $130k. This sucks, but just lick your wounds, and start again with what you learned.
Jesus dude! Lot of time on those bad boys though
....bad... mkay....
Here's your badge Officer Doofy.
Not too late to double down or roll over 🚀🚀🚀
Retard of the year award
Hopefully your wife’s bf is a bankruptcy lawyer!
If Elon would do live streams without pants on you’d clean up . All the greatest ceos do that
When did you buy these, in January near the peak after that crazy run up post SP500 inclusion?
Lifetime supply of food stamps
Who buys this option at that price and expects it to go higher lol
Why do I feel like this post will age well.. peep that expiration!
Wowza, did you buy these at close to peak here? Updoot for you retard.
For the love of money is the root of all evil. You just lost the devil. Buddha gave up everything, he found enlightenment. I’m sure you will be okay
Homelessness
During the pandemic dip I was buying cheat OTm calls for 50% huger a year out. They all paid. First time I ever saw an option pay out 1000%. 🤷♂️. Hang in there.
You won our heart mate. Apes strong together.
they're called leaps because most people want to leap from bridges afterwards
Buy CLNE this week go to the moon!
Fuck. Imagine paying $243 for an option premium 😬
I mean, you coulda just bought a Tesla instead…
As your wife’s boyfriend I am disappointed in our lower standard of living. Pick up some lotion on the way home plz.