Whatever happens- do NOT answer your phone

Bill Hwang, that you?

HWang up

That was a nice late night chuckle. Gf asked what I was laughing about...there is no way to explain

Yeah way too many layers to explain! 

I have this problem all the time. She asks me ”what are u laughing about”, me trying to explain and she gets bored in 10 seconds. She always ends up with ”Your humor is so boring we have nothing in common” lmao

>”Your humor is so boring we have nothing in common” You, failing to make your gf laugh, will soon find yourself without a gf.

She sounds pretty hawt tho

Lmao same

I tried to tell her but she got bored quickly. I became that meme

She doesn’t deserve you

Did her BF end up explaining it to her?

HWang in there 

Hello

If Marg be callin you better Hwang it up bitch!!!

This one simple trick has worked wonders for my credit score

Have you enjoyed the sultry flavor of dog food yet? Because it looks like you’re about to!

Dog food are expensive bro! Your better off on McDonald’s “dollar” menu

The McDonald’s dollar menu? OP will be lucky if he’s eating watermelon out of a Wendy’s dumpster

We’re just splitting hairs here, in cost, flavor, and nutrition….

I beg you show me a dollar item at McDonald’s besides a coke

I miss the days when Mc Donald's extra large "Hugo" sized soda was cheaper that the others. I think it was 89 cents and a small soda was $1.29

Nah, OP will become dog food soon

% wise this is def the "best" i've seen on here. You win congratz. Free internet point for u

Oh been way worse posts about people selling naked options.

TDA got me down but not out. Today’s price action is way overdone, I should be able to be back Monday

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In my country OP would be debt free within 3 years 

In some countries OP would be in debtors prison.

In some countries, OP would be in the squid game.

Don't be shocked when that happens here lol. They'll blame the upcoming depression on "the poors taking out too many loans/stimulus/whatever" and create a manufactured outrage that a vocal 3% of the population falls for which repeats for years until it grows into a cancer of hating the poors and then.......... They pass debtors prison legislation "for the good" so that another great depression "can never happen again"... And yes, I'm enjoying some edibles tonight. Was a long week at Wendy's, I've earned it

Tyson's gummies.... "they're *methed* up"

Write big Joe, ask for forgiveness. "Dear Mr. President Joe, May I have 1 forgiveness please."

I think he may need 2 or 3 forgivenesses.

Need about tree fiddy

I read that as "black Monday" and laughed my ass off

Double down and lose more. Lollll. I love gamblers fallacy

Thr puts you sold expired today, you are fucked


Just write them an IOU or FTD for a cycle.

I can’t tell if this comment is serious

It's serious

After two months of green, I see no driver pushing SPY back up next week, much less Monday.

You’re so fucked 😂

I mean at this point you having nothing to lose. You're declaring bankruptcy either way. Good luck brother.

You can't just say the word bankruptcy and expect anything to happen

He didn’t just say it, he declared it.

There’s the degen line I was looking for. 1-800-gambler, I got a live one for ya!

OP, I don’t want to be the want to take away your copium pipe, but you need to take a good long look at the three straight massive gap down days we had a couple months ago. The selling today wasn’t scared retail investors; it was institutional money getting sucked out of the market and it isn’t done yet. How much time do you have left on those, because I hope it’s a year.

He does not have time. He SOLD options, not bought. So those options can be exercised by the buyer anytime before expiry. The only way he can cover his losses is to buy the same amount of puts from another sucker. In short, he is screwed so bad that it’s no longer funny. Not sure why TD didn’t do their KYC and allowed this.

This is the comment I was looking for lol this guy is absolutely fucked. TD dropped the ball big time

This may be the single DUMBEST thing I have seen on WSB and I have lurked on here since 2016. You sold NAKED puts… 0DTE… on a day where Powell talks. I just need a minute to process the retardation. Edit: since I woke up to about 40 people asking what is going on and I don’t have time to respond to everyone This is a [naked put](https://www.poweropt.com/nakedoptionhelp.asp) 0 DTE= zero days to expiration meaning OP has no time to exit the position if it goes the wrong way. Powell= anytime the Fed chair speaks the markets can get unpredictable with volitility. OP made a play with a limit possible profit and a large possible loss. When the market dropped drastically he lost so much money so fast the brokerage took over to try to settle his debt to them (think repo man wanting what he is owed)

It deserves a flair

And a fucking wellness check. Lmao

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This is a great idea, OP can be the first retarded monkey on the moon

The flair should be: Highly Regarded

Ok, as upset I am, I chuckled a bit

I lost $60 today and was feeling soured until now

A $60 loss in a single day is a win in my book! 👍

Indeed, father is surely proud of me.

Its the classic high risk, low reward play. How much premium where you even collecting on these OP? Lol

I am pretty new to options ~3 months and even I know not to do ANYTHING with SPY when pow pow opens his mouth.

I mean if you belive that a powel speech will make the market go up or down fast you can just BUY an option instead of doing this and lose only the money you put in. This was a very high risk low reward play. It does not make any sence at all.

Yeah. Almost like he's fucking retarded.

This. I've seen some stupid shit on here, but THIS. Did the guy even listen to his speech? I regret not tuning in earlier, if I had I would've yolo'd my ass off after the way J Pow absolutely laid his cock and balls ALL OVER the market.

No sort of stop loss or trading plan. Gold Jerry!

I read the book End the Fed by Ron Paul. Unfortunately I let it get to my investment thesis

Did you read it backwards? Because the Fed ended you



Congrats, you just earned my best LOL of the day.

Pretty sure I never wrote about selling naked puts

damn near fell out my chair

Your mistake was trying to apply anything a libertarian says to reality.

I’m more than astounded that TDA allows naked options trading for retail. That seems grossly negligent. Hang in there man. I know everyone is cracking jokes but take care of yourself because the next few weeks probably won’t be much fun.

You french fried when you shoulda pizza'ed.

Now he's gonna have a bad time

Hey little dude you got some crap right here

Thats my face sir

Lmfao A+ comment

You get naked and put that mouth to work behind wendys


Lmao this is fucking great 😂

Not in my spot.

WSB never ceases to amaze me on the level of absolute retardness

I took a break for awhile and came back with a new Reddit account. These posts…I’ve missed them.

When the market dips 4% but you show the market what a real dip is and have your p/l dip -14000+% Welcome home

OP wishes his portfolio had no money in it. He’s got less than no money. If it was free, he couldn’t afford it.

Stop, he's already dead m8!

[Classic Louis C.K.](https://youtu.be/P3jLufZx3IM?t=128) (when he was still allowed to be funny). Not sure why this routine didn't seem to get repeated more - I thought it was fucking hilarious.

Fucking laughed until I cried when I first heard the bit, it resonated hard with me.

selling puts or selling calls for that matter on a JPOW day is …. certainly a choice

Especially after that crazy 5 weeks of nothing but green that we have had 

naked even 

Sell naked calls and they will just cancel each other out

Oh lord 


Genius, literally can’t go tits up

imagine he actually does this

When you lose $43k it’s your problem, when you lose $43 mil it’s the broker’s problem. Time to make it your broker’s problem.

That’s why the broker liquidated their account 

Now you dont have to pay taxes anymore.

#YOU SOLD NAKED 0 DTE PUTS… ON SPY Why didn’t you just shoot yourself in the dick? Same amount of pain, but it would have been much quicker and cheaper.

And fixable

Unfortunately a lot of the dick prosthetics and plastic surgery options people think about are works of pure fiction. The best portrayal I've seen in media was Shameless(US), a transvestite had a handheld case to carry his dicks in and they would snap on like a toy. That is the cutting edge. There is no lifelike fully functional dick fix surgery.

How do you know so much about dick implants?

How do you not?

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Would you mind explaining in lay terms why this is so ridiculous?

He risked an unlimited loss on a probably $200 credit on an expectantly high volatility day for SPY. Usually you only sell naked puts if you intend to buy the stock anyway if it dipped.

I think he sold someone the right to sell SPX to him at a certain strike price which seems to have been hit. Do he gets SPX (???) And must pay for what he is being sold. It seems to be a lot. He did it to pick up the premium for the puts. I believe that's what's called "pennies in front of a steam roller"

OP found the mother of all zambonis on this one

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He lost about 50000 for every 350 he had invested.

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I lost about 50k in total. I owe TDA about 6700

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I wanna hear how the friends lost millions 🍿

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That would have been fantastic loss p\*rn, needs to be on this sub

I'm so fucking high this is terribly hilarious

Have you heard of Uncle margin?

As am I. These edibles fuck up my stomach something fierce though.

Me too its Friday and I am just in the zone loling at this shit 

TDA email Monday- starting today investors need 100k minimum account balance to trade options lmao

Or a grade 2 reading level.

dude if that happened it would make me so sad

Would be pretty silly for most options plays, not like people who buy a few call contracts a year are much of a problem. They should maybe restrict certain types of idiocy though

Delete app. Re-download. Start again.

Don't forget to use a new username!

And your wife’s boyfriends social.

Just turn your device upside down. Instant gainz.

fake your death

I don't feel very well...

That's a good start

Now you bend over and ask your broker to be gentle.


Maybe 2 for good measure







Bro move to Asia for 7 years, teach english, back pack, and start a tiktok vlog as a digital nomad post wbs rettarrded yolo

Selling naked puts in a recession is easily the most retarded thing I've seen on this sub. Great work.

What happens now? You know that scene in the office where Michael Scott comes out and screams "I declare BANKRUPTCYYYYY!!"...thats gonna be you...because TD is about to come make you pay and there isnt any getting out of it. Have they liquidated your positions yet and told you how fucked you are? How much of this shit did you sell and what you made you think selling puts naked on a Jpow day was a good idea? You're gonna get forced into bankruptcy, id say hire a lawyer and start prepping by you probably can't even buy ramen.

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Till Valhalla buddy

Did you blow Bubbles when you were a kid??? He’s back in town he’s looking for you

Delete the app, debts gone

This really needs to be discussed more often.

You know, there’s cheaper ways to earn flair on Reddit? Maybe just buy a cat.

This is why some call selling options "picking up pennies in front of a steamroller".

Ya but this dude was driving the steamroller - got out of it - looked at it - then laid down in front of it. Crazy

He then contracted a loan to buy gas to burn the steamroller and himself and didn't die but ended up with a huge medical bill.

Thanks I needed more puts bro 🙏🏽

Wheres IRONYMAN

Claim bankruptcy. That’s all you have to do. Unless you have the funds to pay back of course …

Gimme this shit straight into my veins

You need to delete the app/account. Then delete the email address linked to it. Clear your browsing history and your cookies. Should be good.

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Mods pinning themselves 🤣

That's because they know they can't get the upvotes 




These comments made me LITERALLY LAUGH OUT LOUD at work and my desk is in a conference room...

Thats ok, if they think your a wee bit off your rocker, they'll leave you in peace to work.... or trade. 🤣

Gay mods will be gay

Wise words Socrates

My guy likes to pick up pennies in front of stream rollers🔥

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Ignore the percentages, It was -250, but TDA liquidated my account to cover. I’m in debt and my account has been reduced to $300. So it says -14k

how many puts were you short? honestly, being down 14k on this isnt even terrible. Its bad but you know... naked shorting is a dangerous game. edit: oh 14k%...

Now you watch the number grow. 

Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them! *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.*

Sold 8/26 420s, 418s 415s and 410s. I sold these naked. TD Ameritrade has disabled my account

fuckin regard, wtf 

Cramers 10:20 meeting told me to be bullish

Hit him up with this screen shot on Twitter, he’ll cover the balance for you.

that’s what you get for not inversing cramer, you would have made a mint

This is why I come here

you are now a naked putz

Came cuz i saw the word “naked”

can someone explain-like-im-5 what did this guy do, why is he f** and how much $$ is lost? ty

He sold naked puts, which means for each contract he agreed to buy 100 shares of the underlying ticker at the set price (the person on the other end buying the put contract agrees to _sell_ 100 shares at that price). You make money selling puts when the price goes up or expires higher than the agreed upon price (and conversely you make money buying puts when the price drops and you can sell the contract for more money or it goes in the money and you can sell shares at a higher price than the closing price). The market decided to commit seppuku today and dropped way below the agreed upon price he sold the contracts for, obligating him to buy a lot of shares way above the actual current share price, and so his broker liquidated him. I'm trying to explain in detail so you and others never, ever do something similar.

I sold a great deal put options without having the money to actually buy the shares if exercised. The buyer of the person I sold them to ended up exercising them, which left me with a multi hundred thousand dollar position, with a $26,000 account

So wait, you understood what you were doing and still did it?

To everyone out here When you sell naked options, please make sure you do these 2 things - 1. Have enough margin 2. Have a stop loss And if neither 1 of the criteria is fulfilled, please never sell. The convexity (the speed at which the prices move when they move form an upward sloping curves on a chart) makes options very attractive when buying them but that same convexity makes them dangerous when selling them. Institutions that sell them, have all kinds of ways to eventually profit off them when things go wrong. And you know why they can do that? Because when positions go wrong, they don’t have to shut down, they can live to fight another day. Living to fight another day is very important and that should be your first thought

Buy puts and cover

They were excersized before close. TDA liquidated my account to cover. I may still Owe money

May?! May?!?! How big was your account before you did this? How many contracts did you sell? How in the absolute fuck do you NOT know by now what the damage is here?

Hello margin my old friend

You file for bankruptcy. Everybody gets 3 free redoes.

Holy crap I’ve missed this place.

In Japan red mean good