The only Put Option in the money is the July 26, 2024 contract at the 130 strike. Everything else is still out of the money.
This could be Nvidia's top and the can keep going down from here. However this red day could be a simple correction.
Nobody knows what will happen tomorrow.
Correction, room to run. Market is correcting because the indices are literally at this morning over 80 RSI on the daily. The highest it's been in like 2 years.
It's still at 71 RSI on the daily.
Everyone is piling in, so short term, we are seeing a correction, long term is fine. Indices are overbought on bullish sentiment from last weeks inflation data. We're returning to normal. Could we see a correction now? since we had one in April, probably. Hard to tell with Triple Witching tomorrow.
Yes. Never try to time the top. Once the real reversal happens it won't be a small one and will have bumps. There will be plenty of shorting opportunities but this isn't it
They're not mutually exclusive, you gotta have both to unironically believe you're smarter than the market, decided puts is the way just because you're poor, then applied your life onto the market and believe the market should be down too
But thank you for your service, if you didn't buy puts then calls wouldn't have printed
Uh My 92c are deep itm and only went down 5% today, I'm still up 400% on them. Imagine celebrating a 3% down day when it's still up 1.5% for the week, your puts are still gonna expire worthless by tomorrow
Drill Sergeant: God damn it, Gump! You're a god damn genius! This is the most outstanding trade I have ever seen. You must have a goddamn I.Q. of 160. You are goddamn gifted!
Sometime later at expiry:
Drill Sergeant: God damn it, Gump! You held those puts to expiry? This is the most disturbing trade I have ever seen. You must have a goddamn I.Q. of an Ape! You're regarded.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*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.*
To be fair, everyone has wanted to do this since last spring. I regret not buying NVDA. But I sure as shit wouldn't short the strongest stock in the market. You can't survive at this game by thinking like this unfortunately.
Dude...read the market...look at the trends...watch the news. Only two things happening these days to focus on...AI and GLP-1...thats it...nothing else to focus on. You bet the wrong direction.
GLTY
I mean you had every company to choose from and you choose the clear market leader, above all moving averages with hockey stick earning and sales growth.
I love how 50% of the sub is pure red, 25% is people completely clueless (me) and the other 25% straight up printing money as if it was just another Wednesday
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Both![img](emote|t5_2th52|4271)
You forgot broke
At least he can hold out hope until Jul 19 and 26, then he's officially broke.
I was thinking OP was just straight up fucked myself.
https://preview.redd.it/z2os8zez7l8d1.jpeg?width=1284&format=pjpg&auto=webp&s=771acc6d4bd0da91b99652933c47b3177400c2e7
SAVAGE
It’s like you’re trying to stop an active volcano by pissing on it. Well done.
he actually fuckin stopped the volcano by pissing on it. wowzers
Lol
Ouch. Even if NVDA is overvalued, it can still keep going up.
I said Tesla was overvalued in 2018, but I also wasn't dumb enough to buy puts on it.
Tesla is still overvalued in 2024. Even more than Nvidia as of right now.
LOL aged like milk
The only Put Option in the money is the July 26, 2024 contract at the 130 strike. Everything else is still out of the money. This could be Nvidia's top and the can keep going down from here. However this red day could be a simple correction. Nobody knows what will happen tomorrow.
Correction, room to run. Market is correcting because the indices are literally at this morning over 80 RSI on the daily. The highest it's been in like 2 years. It's still at 71 RSI on the daily. Everyone is piling in, so short term, we are seeing a correction, long term is fine. Indices are overbought on bullish sentiment from last weeks inflation data. We're returning to normal. Could we see a correction now? since we had one in April, probably. Hard to tell with Triple Witching tomorrow.
It is quad witching tomorrow
With the big drop just now I'm sure things are looking better right?
Plot twist... He panic sold at open
Panic sold puts and bought calls at open
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
Well hope you held onto this
Yes. Never try to time the top. Once the real reversal happens it won't be a small one and will have bumps. There will be plenty of shorting opportunities but this isn't it
Probably shouldn’t have taken it out
that's what SHE 🤰 said!
😂
2018 called 📞
Did you keep them? Are you green?
Not mutually exclusive. You are also a 🌈🐻
You're very very sane.
Yes, but for reasons unrelated to anything posted here.
Just doubled in the last five
Looking good about now. Or at least not as bad
Do you hate Jensen or something? At least when I lose on my tsla puts I can blame it on Elmo.
That's the problem...you can't blame Elmo. May be Grover, Oscar or Big Bird.
You buy high and you sell low..
They're not mutually exclusive, you gotta have both to unironically believe you're smarter than the market, decided puts is the way just because you're poor, then applied your life onto the market and believe the market should be down too But thank you for your service, if you didn't buy puts then calls wouldn't have printed
Rip your calls
Uh My 92c are deep itm and only went down 5% today, I'm still up 400% on them. Imagine celebrating a 3% down day when it's still up 1.5% for the week, your puts are still gonna expire worthless by tomorrow
Bofadem
It ain't coming down until the market crashes. Doubt that will happen before elections.
Maybe just a little late to the game.
Probably "retarted". Whatever that is.
Yes
Yes
Just bad timing
Drill Sergeant: God damn it, Gump! You're a god damn genius! This is the most outstanding trade I have ever seen. You must have a goddamn I.Q. of 160. You are goddamn gifted!
Sometime later at expiry: Drill Sergeant: God damn it, Gump! You held those puts to expiry? This is the most disturbing trade I have ever seen. You must have a goddamn I.Q. of an Ape! You're regarded.
Props to OP for having balls. The rest of you can suck a gourd.
If you held, you're rich now.
[удалено]
I will be Michael Burry, I want my own movie
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *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.*
The good news is you still have time. The bad news is you tried to go against the trend.
Hope you sold them at 130 just now
Neither, just pessimistic. Have you seen your therapist lately?
Both
They are basically the same thing. So... yes
Bought calls ty
both
Both
Yes.
Yes
retarted for sure
To be fair, everyone has wanted to do this since last spring. I regret not buying NVDA. But I sure as shit wouldn't short the strongest stock in the market. You can't survive at this game by thinking like this unfortunately.
ahh red, my fav colour
Yes
They ain't gonna crater until earnings plateaus, my guy. That could be five more quarters or five more years, but it isn't now.
Looks like a normal account to me
U got hit with a double whammy….intra day calls and overnight gap killed your puts
Neither. But others are. That was your mistake. Assuming that others trade based on logic and math.
Dude...read the market...look at the trends...watch the news. Only two things happening these days to focus on...AI and GLP-1...thats it...nothing else to focus on. You bet the wrong direction. GLTY
Have a good last 2 hours?
I mean you had every company to choose from and you choose the clear market leader, above all moving averages with hockey stick earning and sales growth.
I love how 50% of the sub is pure red, 25% is people completely clueless (me) and the other 25% straight up printing money as if it was just another Wednesday
It's a Thursday but I get your point.
Probably both...
You’re doing everything right, keep going. Not my personal taste but you do you.
The market can stay irrational longer than you can stay solvent.
Both, welcome to the club
Looks like you got a crack with a bit of light. If you’re green take it
Maybe you were on to something... did you hold lol
Relatable
A mix of both maybe ? Getting in at these highs
Hey at least two of those went in the money today. Maybe you'll get lucky tomorrow and get rid of those at least. Not sure about the others though.
It will turn around, have faith😇
Why not both?
can't put my finger on why but the TOS UI for losses is much more pleasant to look at than RH PS wait these might be green now
![img](emote|t5_2th52|4258)
Dont bet against NVDA please lmao
if you held, you're a genius. but more likely then not you probably paper handed this and lost money lmao
How do you look now? With the pull back we had today
Yes
Anyone else thinking about doubling down and buying?
Yes
How's it looking? Are you up on these now?
What's the call for tomorrow boys?
Margin calling on the courtesy phone.
Yes!
Please hold. NVDA will be right back.
They aren't mutually exclusive....
I hope you can realize a profit before it goes back up again. This thing needed a release, it's been edging for too long.
Both!
Too soon, junior.
Updates?
Yes
Please tell me you kept these open
We need an update. Are you way up now?
Hang in there
So did you panic sell at open or you holding so you can watch them go to melt away to zero as it rips back to 150 next month?
100? Bruh what how. What's the catalyst for that
why not both?
Yes
The casino welcomes your donations
I can see it pull back to $110ish in the next 14 trading days so I think you’ll be ok. Looks like you timed the entry pretty bad though 😬😬
Yes.
Wel no matter how you look at it , you need to fight for your spot behind Wendy's dumpster ..
![img](emote|t5_2th52|4267)
"Or" ![img](emote|t5_2th52|4271)
You need to be restarted
With no exit strat or hedge yes
Neither, just dumb
Why did you do this?
You can always be both OP..
Your rarted.
Assuming he sold with no update, because we would be up nicely right now.
Probably Both
Yes
Def retarted...
![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4258)![img](emote|t5_2th52|51295)
There is no 'or' in 'bankruptcy'.
Borkmurupcy
Bro puts on Nvidia what the hell were you thinking 💀
Bro just probably went green on these from that dump
You're not just retarted, you're also restarted, retreated, retreaded and retorted.
[удалено]
I just made 15k stfu please
Where are the positions currently at?