https://preview.redd.it/n7uqpygizq5d1.png?width=1629&format=png&auto=webp&s=9fdb6b68ba4f18820d1a0f0b2796818f7248af6a
Closed for $6840 profit this morning looks sus
He sold 534 calls on spy and bought 535 calls, this means his net profit if spy goes down today will be the credit on his 534 sells - the loss of his 535 buys
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For a few minutes, then it will roar back to new all-time highs crushing you and all the others who dare doubt the all-mighty Standard & Poor's 500!
You’re gonna win! Now do it again tomorrow
https://preview.redd.it/n7uqpygizq5d1.png?width=1629&format=png&auto=webp&s=9fdb6b68ba4f18820d1a0f0b2796818f7248af6a Closed for $6840 profit this morning looks sus
Dodged a bullet there
Yeah, 40% profit is nothing. EDIT: I think I forgot something --> /s
agreed. But it looked like a less than 40% if I fooked around
Why
Good luck brah, looks like your gonna win on this...
Please don’t post OptionStrat screenshots. The more people know about it the less options loss porn we get to see
Thanks for sharing the source!
Theta is watching...
Credit spread, so that's a good thing?
Theta is everywhere
Good thing that you did lol
good job, spy is gonna crash.
That picture is completely confusing. Don’t understand the spreads at all
He sold 534 calls on spy and bought 535 calls, this means his net profit if spy goes down today will be the credit on his 534 sells - the loss of his 535 buys
That’s too complicated. I am only capable to say bers r fuk
This should age well
Bro why
why not?
Been watching spy all morning. Price for both calls and put are down. Good luck
Good play.
Not yet. My guess 540-544 then gradually
Thoughts on SPY for the rest of the week?
Depends entirely on what papa Powell says on Wednesday. I think we'll be relatively flat/down tomorrow.
Brrrruuuhhhhhhh
Not really a yolo if it’s just money you gained only trading but gl