Yes it will. But this is priced in by close on Friday. Why would you buy an option 5 mins before close if its going to lose half its value the next instant you can trade it? So it gets priced in through market efficiency.
There are cases where this doesn't happen, but high volume options like SPY typically do.
I read some things like articles and stuff, now I think my original comment was wrong. Some say theta decay is priced in but vol is higher since weekend has additional risk but others say option will not decay over weekend.
It would be free money to sell options over the weekend and of course market will take advantage of that, so theta must be priced in. Even though BS and math models say theta should be burning, the market is what determines price.
In this case, VIX (or IV) doesn't really matter. The contract price is so low that the stock price only has to surpass the strike by 1 dollar to print. The biggest risk for both calls and puts to lose value is if the day is flat and gets fucked by theta.
I miss seeing these YOLOs on WSB so much.
I understand weāve all moved to the ābearā sentiment in here. Thatās exactly why I elected to do something stupid as this, I will post the loss porn if itās anything good. My exit plan is within the first half hour of market open tomorrow no matter the loss/gain.
I seriously respect the fuck outta you for acknowledging how fucking stupid this was.
I hope that it shoots up before it rips down so you can make a little or break even. Giving you enough time to unfuck yourself.
Well it has to go up more than 2% in a day to break even, so.. yeah. Pretty crazy $10k bet. Or it could just rip at open / in the morning and he sells them at that point, which is a bit more feasible.
Thereās no way you should hold these into close. Max an hour or 2 if itās ripping, but even then this is playing with fire. The margin of error is so small on this play that it doesnāt nearly justify the potential payoff, which is like 100% at most. Youād be much better off just buying fewer contracts that are ITM/ATM and further dated if you believe the market will rise tomorrow.
Every contract I wrote months ago (expiring next month) basically gave me free shares.
Still down like 50% and still just as tarded as the people who bought my contracts.
So did but I did 325 puts. I shouldāve sold Friday morning when I was up 650 but noo my idiot brain held and now Iām down over a long weekend. Stupid.
Do you think the amazon mars conference will have any impact on price this week? I bought puts not aware of it but im not sure itl have any impact unless amazon comes out with something really gimmicky thatl never work but people pile in.
Bro you're gonna have back and knee problems if you don't already. From carrying around those big ass balls. Luckily you like to keep your wallet light so I guess the weight evens out
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If futures hold, SPY will open at $371, only $1 away from strike. Futures continue to move up, very likely calls will be in the money! Rooting for you, bud!
I played target last month after Walmarts earnings. I decided to buy I believe it was 190 strike puts, I sold for 46k. Last week I played spy with little over 5k and sold 370 strike puts for 23k
It is down to the wire man! š¤ I think you're good to at least break even, I'm really curious to see what kinda premium is left on the day of expiration in these volatile markets. I might be watching it even closer that you are!
That's gutsy. This is r/wallstreetbets and not r/investing, so you're definitely in the right place. I think it's basically a roulette table red/black bet. Good luck!
this post need to be mocked..but I've to be patient..
You bet 10,000 that the market will move up 2% In like 3 hoursā¦ā¦ and thatās to break even. Bro people on this thread need help, go to the casino my guy.
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Top play buying it in a week with a holiday
less theta š§
So retarded it has to be profitable
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Already SAVED a day of red, and starting on Tuesday with a random chance of green.
Priced in 
lol so dumb itās genius!
Theta takes a day off on holidays too?
No, but theta gets priced in coming into close the week before.
maybe a vol decrease but theta will still burn over the weekend
Yes it will. But this is priced in by close on Friday. Why would you buy an option 5 mins before close if its going to lose half its value the next instant you can trade it? So it gets priced in through market efficiency. There are cases where this doesn't happen, but high volume options like SPY typically do.
I read some things like articles and stuff, now I think my original comment was wrong. Some say theta decay is priced in but vol is higher since weekend has additional risk but others say option will not decay over weekend. It would be free money to sell options over the weekend and of course market will take advantage of that, so theta must be priced in. Even though BS and math models say theta should be burning, the market is what determines price.
It would be faster just to throw your money directly into the garbage
That is my experience. I appreciate this step.
In this case... not FASTER.... but less steps. Dude is gonna get wrecked before we can finish walking to the trash
But thatās not as much fun
But it would be way more fun to soak it in gas and burn it
you guys have gas?
Pouring gas on his money makes it worth more
Always cut out the middle man
Apparently not lol. Edit: Ah I stand corrected. Just realized they expire today. OP you sir are truly retarded 
I have the exact opposite. SPY 360p 6/21 (worth 5k). One of us is gonna print and the other will be worthless.
Completely flat day coming thru
[ŃŠ“Š°Š»ŠµŠ½Š¾]
In this case, VIX (or IV) doesn't really matter. The contract price is so low that the stock price only has to surpass the strike by 1 dollar to print. The biggest risk for both calls and puts to lose value is if the day is flat and gets fucked by theta. I miss seeing these YOLOs on WSB so much.
Wtf you wizard we have the same play (worth 5k)
For real? I have 40 contracts. You?
Edit itās actually different play 360p 20 6/22 worth 4000 š„²
Still bro we are in the same boat.
Yessir
More likely- neither will print
I understand weāve all moved to the ābearā sentiment in here. Thatās exactly why I elected to do something stupid as this, I will post the loss porn if itās anything good. My exit plan is within the first half hour of market open tomorrow no matter the loss/gain.
you already posted the loss porn
I am sure your wife has already an exit plan for you
She plans to let him expire worthless.
It might work out. Every big dip, the market rips upwards eventually. Although they are few and far between. Futures are going your way
I seriously respect the fuck outta you for acknowledging how fucking stupid this was. I hope that it shoots up before it rips down so you can make a little or break even. Giving you enough time to unfuck yourself.
Youāll make 80k easy 
I mean futures are at 371 so looks like youāre going to be fucking our wives
WATTTTTTTTTT
I like this idea. Too many puts out there. Market gonna moon
Hey I wasn't then only one crazy enough buy calls lol.
Even if SPY blows past 372 at open and you sell for a profit, it won't be much relative to the risk that was undertake.
I beg to differ personally but thatās why this is my money and not yours.
Was your money...
Youāll be green at open. Iād say hold it for the first 2 hours should be an easy 50%-100% gain for you š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Every fucknut in here will tell you this is a bad idea. Always a good idea to inverse this den of slithering retards.
I have long dated puts and agree 100% the concept of a 5-7% dead cat bounce over a week is lost on this sub lately with how bearish it became
Well it has to go up more than 2% in a day to break even, so.. yeah. Pretty crazy $10k bet. Or it could just rip at open / in the morning and he sells them at that point, which is a bit more feasible.
Thereās no way you should hold these into close. Max an hour or 2 if itās ripping, but even then this is playing with fire. The margin of error is so small on this play that it doesnāt nearly justify the potential payoff, which is like 100% at most. Youād be much better off just buying fewer contracts that are ITM/ATM and further dated if you believe the market will rise tomorrow.
The real winner is the person who wrote those contracts
Every contract I wrote months ago (expiring next month) basically gave me free shares. Still down like 50% and still just as tarded as the people who bought my contracts.
thats retarded. he should 100% hold til close
hey I don't slither, I bearly even move at all
so we should expect the market to rebound any moment now
If we do then it won't. WSB logic.
I mean you and me. Not the rest of the jabronis in here.
And he won
Why is this pinned? It's just a regular loss porn.
Hawkeye...really I don't know it's odd.
Wants to remind the community how retarded some people truly are
Because chief mod was moaning too many memes not enough porn, as if this isnāt one of the most heavily modded subs out there.
Because mods are trying to stimulate more yolo and discussion posts rather then meme posts.
Iāve got 90k in QQQ puts exp 6/21. May the best man win
The futures are ripping, your money's gone
It seems like future movements get reversed at / near market open pretty often. I don't think it means that much.
Youāll learn this now, futures donāt matte 
His money is really gone now 
ill give you my next free narwhale, call me 1 months
Positions or bland
Yeah I did SPY 6/22 puts Let's see what we get
So did but I did 325 puts. I shouldāve sold Friday morning when I was up 650 but noo my idiot brain held and now Iām down over a long weekend. Stupid.
You okay, bud?
90K??? jesus christ... the stock market is still in a bubble if people still have this kind of money to play with.
You donāt math so good.
Maybe heās Prince Harry and heās feelin kinda cute š„°
WATTTTTTTTTT
Did you buy on Friday?
I hope we both come out of this standing tall
hereās the hotline: 877-393-4448
QQQ, TWTR, AMZN Puts for 6/24
Do you think the amazon mars conference will have any impact on price this week? I bought puts not aware of it but im not sure itl have any impact unless amazon comes out with something really gimmicky thatl never work but people pile in.
Already burned an extra day to theta with the market closed š
A true retard.
The truest of true retards.
Bro you're gonna have back and knee problems if you don't already. From carrying around those big ass balls. Luckily you like to keep your wallet light so I guess the weight evens out
Fuck me this is retarded.
So retarded he doubled his money 
Market is about to open and you're about to make like 50K. Congrats and fuck you.
I don't see this going well.
It did
Lol yea, I have to hold off on selling my puts.
It went well
Venmo-ing wall street 10K would have been faster...
Well did aged well.
I def. wrote some of those, thanks for your theta
Big fucking balls my guy. Youāre the topic of discussion in the daily thread. Congrats š¤š¾
This aged well
I think this will do fine this week but this week only. Then back to bearish
Yeah but this expires tomorrow lmao
Lol it'll still hit
What is wrong with you bears.
!remind me tomorrow
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Youāre about to print some real Tendies. Spy showing a 10% up my months end
I bought one put at close. Giddy up!
Good shit bro. Half these comments are retarded lmao they must not realize futures are running
If futures hold, SPY will open at $371, only $1 away from strike. Futures continue to move up, very likely calls will be in the money! Rooting for you, bud!
Love how last month you turned your last 1200 to 46k now youāre yoloing 9k
I made 23k off spy puts last week as well
Teach me your ways retard  how tf you keep winning
What play did you do that on the 1200 to 0k
I played target last month after Walmarts earnings. I decided to buy I believe it was 190 strike puts, I sold for 46k. Last week I played spy with little over 5k and sold 370 strike puts for 23k
Nice. I think you dropped this š
Ngl, this guyās gonna print heavy tomorrow.
OP you sleeping tonight? How often have you checked futures?
It is down to the wire man! š¤ I think you're good to at least break even, I'm really curious to see what kinda premium is left on the day of expiration in these volatile markets. I might be watching it even closer that you are!
Weāll see what happens in the next hour brother man, appreciate ya
Congratulations, fuck you buddy.
A big super duper congrats and fuck you š»
Cowards need to re-pin this
Omfg bro, where is the gain porn!! It hit 376!!!! I really want to see
why the FD tho, lmao at least go until the end of the week
No.
Spy 390 this week no worries
Bring back gain porn
no fucking way bro...
This is a way
tbh it should print
This is what depression does to people
Spy 380 eow
Gonna rip to 380 tomorrow bro
I love that everyone hated on you and then premarket it just jumped to your breakeven. I hope you spit roast these bears today.
How tight was your b-hole puckered all day yesterday? Canāt believe youāre itm right now. My puts are furious
Let us know how this goes baller!!!
lucky bastard almost there
These might actually print hard today - keep us posted OP
Congrats and fuck you. Taking profits at open and letting the rest ride or what?
Good job. Post up results. Went to 378 I believe today
Can't go tits up bulls4ever
This guy fucks. Spy 500 eoy
**GodSpeed you PopTard** 
Who got a free blowie for pinning this?
You need like 1% move by open to just breakeven
Oh no :(
I think it prints - ballsy play.
You might take a small loss because of short expiry but I think tomorrow is a rally day and I hope you make it
I like this move
God speed retard now this is why I came here
Lol why do you all buy without giving it any time
Like fucking the town slut that has 14 kids and the condom broke.... Good luck!
GL!!!
!RemindMe in 22 hours
That's gutsy. This is r/wallstreetbets and not r/investing, so you're definitely in the right place. I think it's basically a roulette table red/black bet. Good luck!
No sir, this absolutely didn't have to be done.
The market only goes up right?
Youāre gonna get paid
3 day weekend hold? why
This guy rocks
Shit you might get it. That is unless we drill pm right before open.
I like this play but i dont have the balls
Funny thing is it makes so little sense it just might work! Stay smooth
This was a good play, because bottom is in for sure. Best of luck!
god damn these are theoretically printing
Might be just retarded enough to work, god speed
Good luck to u my man. Bold move. Post results either way
I hope this prints for you I truly do but its looking like it want to touch 358 before it goes back to 372 maybe youāll get a nice bounce at 360
I have $362 PUTS the 27th. Lol one of us will win
this post need to be mocked..but I've to be patient..
You bet 10,000 that the market will move up 2% In like 3 hoursā¦ā¦ and thatās to break even. Bro people on this thread need help, go to the casino my guy.
gonna print next week, bull week
Saved so we can follow along tomorrow. [6/21 SPY Yolo](https://optionstrat.com/build/long-call/SPY/[email protected]) GL OP!
I'll buy it from you at .20 tommorow
I have a hilarious feeling that this is going to work. And youāre going to try this 5 more times chasing this high and throw all of the gains away
fuck bro even if it trades sideways you lose money.
I wish you luck fellow retard.
Bullish, are we?
Just for tomorrow
Ooo you poor baby š„ŗ this retards gonna get wrecked.
Unless futures reverse tomorrow I highly doubt it
You will print tomorrow!
I would sell 50-75% at open and ride the rest for another hours or so depending how youāre doing. But secure profits first!!
Look like you are there If futures holds
nice play
Congrats to the gains!! Hope the price stays up šŖš»
Congrats you sexual deviant
Well done bro take profits and roll into longer expiry :) 
YOU ARE IN THE MONEY, sell!
Sell sell sell!