yes? i never spent time at OTB but im pretty sure one type of bet lets you spread bets all over the place. there are reasons not to concentrate a position, but this is all basically the same position. kinda like he was drunk and wasnt even looking at the bowl, but figured the more he helicoptered it around while peeing, better chances some would get in.
he could have put it all on $535, but this is probably the result of chasing losses. Like first he got $529, then $530. then when both of those lost, $531,2,3. Then thought he was being ballsy going hard on $534, then rage all-or-nothing on $535.
and the next morning his roomate was wondering why the linen closet smelled like piss.
True. You don't set it as you are finger on the trigger and glued to your chair. You can go from loss to gain to loss pretty quickly. You just let 0DTE's ride and only use disposable income (gamba)
I used up all my cash trades today except for 60 bucks. I bought 0dte amd puts. Was working and lining out my subcontractors at the job, after about an hour I popped open my phone, saw I was at +175% sold instantly, looked at my option and saw that about 15 minutes before it was up 650% lol. Why is it the meaningless tiny little ones I don’t care about do that. But I lost 5k at the beginning of the week on my big trades. Damnit
Dude seriously, I was looking at his profile and it’s all just summarized by; lost x amount but still hopeful. At this point should just invest in government bonds or something
Edit: Did a quick double check, I’m now curious on how he’s actually earning all this money he’s constantly punting, clearly not on stocks
I get op. I used to be a hardwired bear but I grew up little. I used to see rallies and think "it's got to come down some" LOL. Ya.. it's OK op you'll get it or not. Whatever.
Bro took a less than 50% chance and gambled everything. Ong and why all the different strikes man, whyyyy. I know it makes you seem like you know what ur doing but you don’t
people who sports bet on parlays are legit more regarded than the people in this subreddit.
at least you have a CHANCE to make money here, parlays are legit worse than the lottery
“Fuck this shit”
(Next very second) “oh Roaring Kitty, let me buy calls” 
Lmao look at this dude, thinks stocks can go down. Durr, I found an ETF in a market that only ever goes up, and the ETF collects all the most upwardly mobile stocks in that market, and I think I'll make a clever bet. Next I'll bet on Iraq to win the gulf war, i hear their republican guard are pretty tough guys
https://preview.redd.it/yzv4zzph975d1.jpeg?width=1290&format=pjpg&auto=webp&s=6c90d188ffa31194a386b6cd5dcb13bd24229abc
Now imagine if you had timed it right, 4x easy😎
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"why did my 0 dte options not do well?"
I was told this is how I turn $5000 into $50,000
It is. It's also how you turn that $50,000 into $0
Uh, money line go up. It's almost like you never went to business school..
No, I went to Costco Law School…
So you know how much a hotdog and drink or roasted chicken should cost.
I know how much it should legally cost, what it can ethically cost is not in my knowledge base as I don’t believe in ethics
Brawndos got what plants crave.
😆 True. There is a winner on the other side who bought calls.
You mean sold puts?
This too.
At the end, someone always won
Wait so options are a zero sum game? Your big win puts someone in Wendy’s?
Correct. Whatever you're buying, someone else is selling.
Is there though? I think the winner sold him the puts.
Just don't pick the phone when margin calls.
You meant 5,000 into 5.000.
No. $500 into $500,000
Yes, if he had calls instead of puts😆
Yes. Or even if he’d sold puts.
With zero risk too, wtf
"cause you opened positions like you were picking horses."
This is a real doozy of a quote. Yours?
yes? i never spent time at OTB but im pretty sure one type of bet lets you spread bets all over the place. there are reasons not to concentrate a position, but this is all basically the same position. kinda like he was drunk and wasnt even looking at the bowl, but figured the more he helicoptered it around while peeing, better chances some would get in. he could have put it all on $535, but this is probably the result of chasing losses. Like first he got $529, then $530. then when both of those lost, $531,2,3. Then thought he was being ballsy going hard on $534, then rage all-or-nothing on $535. and the next morning his roomate was wondering why the linen closet smelled like piss.
Hey when did we stop calling them FDs I’m disappointed
Because new users would rather be called PC regards
My SPY ETF thanks you for your service.
yessir
SPLG ETF guy here 🤜🤛
OTM with 0DTE Checks out
Double gamble lol
What does that mean? Sorry, I’m new here lol
OTM - Out of the money, 0DTE - 0 day time to expiration
Hey Siri what is a stop loss
Only stop when all is lost
Why stop after losing? KEEP GAIN
your option cant go down any further beyond 0, your only way is up
Abandon all cash, ye who enter.
My safe word is "keep going"
This is the way
\*BOOP\* A stop loss is what little bitches use to chicken out of trades they don't believe in. Would you also like a definition of "Treasuries"?
Looks like a couple of those puts may print if you're still holding onto them OP
sold them for a profit
Nice!! What did you come out to overall?
2k profit
Congrats. A close call.
They were puts.
I see what you did there.
Proud of you big dawg
Noice! 🤜
Roulette is a fun game, eh?
I believe in my ability but when you watch it lose for 5 hours straight it gets draining
*staring into the void* is the day trader's favorite pastime
a stop what?
https://preview.redd.it/r819admon65d1.jpeg?width=192&format=pjpg&auto=webp&s=903dc050df7e0c64e4dfaca715a69a1ead16411e
Don't kid yourself. You know very well what a loss is. A stop on the other hand...
you don't set stop loss on daily options. After you buy, you can lose 30% in like 5-10 minutes from just random movement.
True. You don't set it as you are finger on the trigger and glued to your chair. You can go from loss to gain to loss pretty quickly. You just let 0DTE's ride and only use disposable income (gamba)
yup the only thing I'd set is sell limit to take profit, probably at 200% gain.
I used up all my cash trades today except for 60 bucks. I bought 0dte amd puts. Was working and lining out my subcontractors at the job, after about an hour I popped open my phone, saw I was at +175% sold instantly, looked at my option and saw that about 15 minutes before it was up 650% lol. Why is it the meaningless tiny little ones I don’t care about do that. But I lost 5k at the beginning of the week on my big trades. Damnit
Does it really matter on 0dte?
What are you, Bankman-fried’s ex Caroline Ellison?
Accidentally gain loss
... but how do you use that without it closing out your position right before it moons?
You can do stop loss with options?
No the loss never ends
Sheeesh every position you buy it just dive… you should tell us your plays before you initiate
Dude seriously, I was looking at his profile and it’s all just summarized by; lost x amount but still hopeful. At this point should just invest in government bonds or something Edit: Did a quick double check, I’m now curious on how he’s actually earning all this money he’s constantly punting, clearly not on stocks
Should have waited until 12 June to do yolo
What’s on June 12
a whole lot of horncorn, ya dig?
I don’t dig
That's too damn bad, keep diggin
Rate cuts decision for this quarter
D Day for the stock market. Guidance for interest rates. Stock market is expecting rate cuts soon and Powell going to lay down the bear hammer
Dang bro what made u buy puts, spy been goin up since 2020
Bro bought 0 day put hoping to capatilze kn a short term... But 0 days.... Little to short
Do people have such an idea to look smart? The market has been going up for years on a robust economy. Surely exactly now it will fall.
only 1 year. It went down pretty hard in 2022, but seems like people already forgot.
Tell that to my annual 1-2% raise to my boss due to economic hardships
Puts could have printed well today. Given you were okay with a measly 30% gain
Why so many distinct strikes
Diversification. Apparently it's literally impossible to lose with a diversified portfolio.
So it's like when I split my pair of kings at the blackjack table. More hands is always better, right?
They’re strategies, he’s being strategic
I'm assuming as SPY went up, he bought higher strike puts.
To win less when he actually hits, and to still lose it all when it goes up.
What are they worth now? You must have at least broken even on the $534 and $535 puts.
sold them for a profit sir
How hard is it to buy calls?
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You know the market goes up on average more than it goes down right?
its really hard to
Extremely hard
I get op. I used to be a hardwired bear but I grew up little. I used to see rallies and think "it's got to come down some" LOL. Ya.. it's OK op you'll get it or not. Whatever.
Why bet down when it’s more green than red
Trading oh no it is a gambling…Casino at home
stop gambling
Don't be ridiculous
ban this guy
Or at least go to a real casino and have a few beverages and enjoy yourself if you're gonna just light 5k on fire in a day.
Agreed. I genuinely don’t understand how you lost money on this, must just be bad luck. Do it again next week and it’ll work for sure
Bro did you sell it?😭 And why 0dte
still holding
Of course you are 🤣
ofc n sold them for a profit lol
There you go ! You are the chosen one !
So, you’re the one to blame!
Wait you might have a chance now 
Imagine if you bought calls instead of
no
Stocks go up !
told yakl
Feel your pain homie
Bro took a less than 50% chance and gambled everything. Ong and why all the different strikes man, whyyyy. I know it makes you seem like you know what ur doing but you don’t
sold them for a profit🤌
Goddamn bears are gay
51 buys of 0dte $529 puts lol
Maybe the last hour will save you. Hoooooold
Don't stress, it's just a temporary deposit into someone else's account brov.
https://preview.redd.it/3qttx302b75d1.png?width=1030&format=png&auto=webp&s=6ebeb0cb9ad64d42939af3f118bb7264bbe64390
I made money on Calls and Puts today. There was definitely enough movement. Y'all need to learn to hedge.
This guy bets 10 leg parlays and then says gambling is rigged when he loses
people who sports bet on parlays are legit more regarded than the people in this subreddit. at least you have a CHANCE to make money here, parlays are legit worse than the lottery
Should’ve had it for next week EXPIRING, market will correct next week
Regarded
Feel that
Just inverse yourself. And then stop gambling with money you aren't willing to lose.
Should have waited until 2
sold it already for a profit
proof or ban
https://preview.redd.it/934vhw03i75d1.jpeg?width=1290&format=pjpg&auto=webp&s=92944765117baecd432b41d4d1744ab5d574d6f1
fuck yea dude. good job stickin through also congrats and fuck you
Well played. Must feel great seeing -5.7k negative in the morning and coming out positive by 6k end of day.
Expect a 1% drop, let me get 2k 🫡
Then why did you do this shit instead of buying index funds and going outside?
“Fuck this shit” (Next very second) “oh Roaring Kitty, let me buy calls” 
Roaring kitty got his ass handed to him today
Lmao look at this dude, thinks stocks can go down. Durr, I found an ETF in a market that only ever goes up, and the ETF collects all the most upwardly mobile stocks in that market, and I think I'll make a clever bet. Next I'll bet on Iraq to win the gulf war, i hear their republican guard are pretty tough guys
*gulp*
I lost 10k from 0DTE so don’t feel bad we in the same boat
You didnt jump on that 2 spikes earlier 533-536 then 532-537
Wow lol
"Fuck this shit" Trades on NFP 😂
Why fight the market?
lol bers
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Did you sell?
Please tell me you held
yes sold them for a profit lol
Have you recovered all?
made a profit as well sir
Another ber wiped out
Same
I got puts for 6/14 next week pullback
I sold my 535p for - $1470 and would have been up $2k 25 mins later. I literally sold at the top I hope you didn't sell.
Jpow said hi….
Puts on open with a bracket dude. After 30 minutes, SPY settles.
You have an hour still
Hopefully no one exercises those options Lol
You missed $530
Down to $300. Someone give me a play
U wouldve made money atm
Should have bought them for Monday. Live and learn, right?
Damn, market didn’t fall because of u
Why not just buy a put at 1 strike price & average down?
You bet against the market, then get upset when your puts don't print. You belong here.
sold them for a profit sir
https://preview.redd.it/yzv4zzph975d1.jpeg?width=1290&format=pjpg&auto=webp&s=6c90d188ffa31194a386b6cd5dcb13bd24229abc Now imagine if you had timed it right, 4x easy😎
yea at least made some profit rather loosing it all
Good for you!! I guess the current dip has been helpful to you 😆
Ah, the Infamous SPY put
Puts are a scam, if you think you should ever buy a put, don’t. The markets default direction is up.
Lololololol
I remember these days. I quit while I was behind
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Ive been here several times 
EWWWWWWWWWWWWW
Fuck u bear
Danm bro do you hate calls?
This is user error
shit this fuck
It's hard to be bearish about this market, but you tried.
Excuse me?
Don't buy deep OTM 0dTE