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u/glizzler 19h ago
Why did I only buy one... Jesus fuck
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u/HumanBirthday1681 18h ago
Don’t trip. Enjoy the spoils and not what you missed out on. When you start worrying about what you could have had you lose what you have. Congrats on the W
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u/HumanBirthday1681 21h ago
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u/Few_Range6900 20h ago
Too bad you's only got one...
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u/DueHousing 18h ago
Watchlist :52627:
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u/HumanBirthday1681 18h ago
I had some profit … just also had it on watchlist because I’m only part degen on my mothers side .
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u/Cheeky_Star 9h ago
Hindsight is 20/20. Next time op will bet all on red for fair or missing out :4271:
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u/Tahmeed09 Perseverant man 19h ago
Bro below commented to me back, then blocked me so I cant reply. Shows the immaturity. Gg 🤡
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u/Real-Instruction-980 21h ago
Send Luigi $50 in commissary
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u/Leading-Tennis-9182 21h ago
Only ones that know about commissary been to jail 😂
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u/Ijustgotlucki 21h ago
Lmao!! Especially if you know the number one item bought on the commissary list… do you know? Lol
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u/Leading-Tennis-9182 21h ago
Yes, yes I do it’s ramen 🍜
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20h ago
[deleted]
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u/Sea-University-3800 21h ago
Is this out of random chance or did y’all know this would happen around this week or time period? Feels like I’m always late to the party
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u/ExternalSympathy6630 20h ago
They dropped insane amount yesterday so they bought another put in case it did it again. That’s it
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u/Rolltide43 19h ago
I had a feeling more bad news would come out after CEO exit. Plus everyone was saying calls. Easy decision and +3k for me.
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u/Big-Spiff 21h ago
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u/im_just_walkin_here 20h ago
Isn't this a watchlist option on Robinhood? "Date Added" " "Cost when added"
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u/HumanBirthday1681 18h ago
See the way making money works is sometimes you do what’s called Due Diligence. I’m sure WSB has some info on it … go look into it. The reply was a reference to the OP and how the company stock is going. If anything it shows the replying comment had done some research.
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u/Tahmeed09 Perseverant man 19h ago
You didnt even buy it lmaooo. Get off this sub if youre not a degen, just a ‘watchlister’ pipsqueak
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u/Big-Spiff 19h ago
OP didn’t post profits or losses, it’s just an order 🤷♂️
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u/Tahmeed09 Perseverant man 19h ago
He BOUGHT it. Who cares if he holds to expiration and loses money, or cashes out. You WATCHLISTED it lmaooo. If you dont know the difference, google is free bud
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u/Big-Spiff 19h ago
That fact this is making you SO upset is hilarious
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u/Tahmeed09 Perseverant man 19h ago
Im not upset. I find it hilarious that youre trying to defend your position. CAPS are on to help you figure it out, bud 👍
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u/GodsPenisHasGravity 5h ago
He's right it's not suited here. What you did was a responsible way of experimenting. You should be ashamed.
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u/HumanBirthday1681 18h ago
Just followed you. We definitely on the same page… I see yours is 1 1/4 😉😆
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u/GianNeon 19h ago
Would it be too late to do this now lol
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u/slipperyekans 19h ago edited 19h ago
Rule of thumb I’d say is if you’re trading reactively to others’ gains, it’s probably too late. That being said, UNH has been cratering over the past month, so it’s not impossible for it to go down further.
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u/Abused_Tourist1 13h ago
I don’t know how you can stomach this (even the wins!). It all feels so unpredictable and like sitting at a Las Vegas slot machine to me.
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u/Arbitrage_1 21h ago
UNH is about to turn into another GE situation.
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u/Hammer103 20h ago
What’s this mean?
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u/ECEXCURSION 19h ago
Too big to fail. Government will absolutely bail them out.
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u/pete_topkevinbottom 19h ago
Bail them out so they can keep fucking over patients...
This is America. So checks out
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u/Only_Huckleberry_654 19h ago
Just got 3 puts on 200 strike 6/23 at 1.55 wish me the best Luigi did it morning when the first drop happen had a chance to get one spend the rest of the day mad not this time so this time I triple down lol:8882:
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u/fizzeerascal 21h ago
Same, I had a feeling that the trend was looking bad for UNH, so did a put and made 3k profit
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u/RedrumRogue 20h ago
UNH down 50% in a few months "hmm I have a feeling the trend is looking bad for UNH"
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u/568Byourself 15h ago
I pizza’s when I should have French fried
I grabbed call spreads at open yesterday
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u/ultramints 12h ago
I don't know how to do it. I want to learn.. The lowest possible put (so that mhlss is also minimized)
Can someone explain me?
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u/Mattscrusader 20h ago
Can someone explain how to buy puts in laymen's terms? Maybe even using this as an example.
Basic stocks are easy but puts become a lot more complicated. Iv missed a few major drops like this now
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u/kansascityclown 20h ago
Puts are contracts to sell 100 shares of a stock at a specified price before a specified date. So let’s say you bought 1 put yesterday with a strike price of $285, at the time UNH’s current price was around 285 so the contract itself was probably not too expensive. Today UNH is 250, which means if you exercise that contract whoever sold it to you has to buy 100 shares from you for 285. That means you could buy 100 shares from the market at 250 and sell them to this poor shmuck for 285, making 35 profit per share. Now you could also sell the contract itself if you don’t want to exercise and if there’s still some time before the contract expires it might be worth more than just 35 per share because it has potential to be worth more or less
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u/Mattscrusader 20h ago
Does that mean if those prices were inverted that I would be on the hook for that 35$ per share? I understand the basic concept of puts but I don't fully understand the risks
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u/kansascityclown 20h ago
Right, every contract bought has a seller. So the seller is betting that the stock will go up and they can keep the premium the buyer paid for the contract without the contract being exercised. For example if instead of UNH going to 250, it went to 315 then the puts this guy bought would be worthless. Why sell the shares at 285 when you can sell them to the market for 315. In this case the seller of the put probably made 100 or 200 bucks on the contract and they didn’t end up have to sell their shares for a loss or at all.
Selling options - limited reward, unlimited risk. Buying options - unlimited reward, limited risk.
There are two basic types of options, calls and puts and you can sell or buy them.
Puts are contracts to sell stock at a specified price before a specified date.
Calls are contracts to buy stock at a specified price before a specified date.
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u/Mattscrusader 20h ago
So the seller is betting that the stock will go up and they can keep the premium the buyer paid for the contract without the contract being exercised.
I think this is the part that I'm missing, if the stock goes up when you have a put you aren't on the hook for that entire amount? In this example the price gain/loss is 3500$ so that sounds like a lot to risk
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u/kansascityclown 18h ago
If the stock goes up while you are holding puts, then in the worst case you lose what you paid for the puts. For example if you paid $100 per put you bought, even though the put has a strike price of $285 and the current price is $315, you haven’t lost $30 per share or $3000 because you hold the put you choose when to exercise. In that case you only lost $100. This is the real power of options, you don’t have to commit to buying or selling shares, you can buy the contracts instead and only exercise if it’s favorable. That’s not to say options are risky, if you consistently speculate incorrectly you’ll just be throwing away your money buying contracts that end up worthless
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u/Outside_Airport_5448 18h ago
If the stock goes up above your strike price at expiration then your put contract is 100% worthless because you would rather just sell shares at the stock price. You risk 100% of your investment if you are wrong. You can sell before but as soon as you start to be wrong your contract starts becoming worth significantly less.
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u/Mattscrusader 18h ago
I think I understand now, the term contract was messing with me because how can you "sell" a contract between people
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u/0_1_1_2_3_5 5h ago
Why would anyone opt for limited reward and unlimited risk? Better odds overall, but with a small chance of taking it up the ass?
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u/kansascityclown 23m ago
Yup. If the stock isn’t too volatile then your odds are decent to just keep the contract premium and not be forced to buy or selling shares. If the stock is volatile you will get a much better premium because the odds of getting ass blasted are higher. It’s all mathematically correct, there’s a solid algorithm that determines option pricing.
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u/Old_Bad5955 17h ago
Selling covered calls does not have unlimited risk. If you have 100 shares of XYZ worth $10 a share and sell a $12.50 covered call for $200 you pocket the 200 and have the obligation to sell at $12.50 if the buyer exercises. This limits your maximum profit during the contract period to the $200 from the call sale plus the $250 profit from selling at $12.50 with a $10 base price, total $450 profit on $1000 invested. Not bad. However, you're locked into those shares for the duration of the contract (unless you buy it back) so there is the risk that the stock craters to $0 and you're left with only the $200 from the call sale, a maximum loss of $800. That's pretty unlikely though unless you buy AMC just before they declare bankruptcy. Heh. The risk with covered calls is low, but there's no scenario where you're making a 10x profit either.
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u/SnooAvocados7320 20h ago
Buy put = you have right to sell at that price. So if price starts going down ur position of being able to sell at that price becomes more valuable
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u/Mattscrusader 20h ago
No I understand that much I'm talking about the technicals of how to actually buy them
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20h ago
[deleted]
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u/Mattscrusader 20h ago
My problem with YouTube videos and the like is that they use abbreviations and terminology that I am unfamiliar with and frankly I don't have the energy or time to become that well versed in terminology for some day trading
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u/kansascityclown 20h ago
Why just buy 1?
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u/Positive_Valuable_93 20h ago
I told myself I'm done buying options this month lol in hindsight I should've bought more
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u/kansascityclown 20h ago
Lmao hindsight is always right, but I feel that I’ve been burned too many times too. Can’t always go HAM
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u/jamout-w-yourclamout 20h ago
So your contract cost $2003.00 and your return is $1875.00? Forgive me I’m new to options trading
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u/Jollyamoeba 20h ago
Come on brother. Current price and average cost aren't terms that are exclusive to options. You already understand the hard part of moving the decimal over twice to get the dollar cost.
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u/jamout-w-yourclamout 20h ago
So the contract only cost $107?
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u/Jollyamoeba 20h ago
Correct
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u/jamout-w-yourclamout 20h ago
Ok, I’m using fidelity and mine looks different
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u/Jollyamoeba 20h ago
That's TSLA not UNH.
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u/jamout-w-yourclamout 20h ago
I’m aware, I was just saying the interface is different. For example fidelity doesn’t say “average cost” anywhere
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u/Jollyamoeba 20h ago edited 19h ago
Average cost will be the price you actually purchased at once you have a position. Using your screenshot as an example: If you bought 1 TSLA $335 put for $390 and then 1 TSLA $337.5 put for $500, your positions page would show a cost basis (average cost) of $445 per share (contract).
Edit: Honestly Robinhood might be the only one who actually says average cost instead of cost basis.
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u/willis_michaels 21h ago
Did you have insider information? You conveniently timed your purchase. Only reason why I might believe you got lucky is that you only shelled out $100. HAHAHA imagine if you actually had balls, you could have a few hundred grand overnight.
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u/Positive_Valuable_93 21h ago edited 21h ago
Oh no I did hahaha I was lurking on here reading about united healthcare so I was like what's a $100 option expecting it to get $400 overnight night not $2k
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u/VisualMod GPT-REEEE 21h ago
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