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Am I screwed or am I screwed?
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“Black Monday ”
Contact RH and say you placed an order for calls not puts
Hold for end of day Monday. I also have puts expiring Monday.
And this is how professional sitting on the other side of the trade can afford caviar and champagne. They thank you very much though.
This is the type of bet I come here for!
Damn good job buying puts at the bottom mate rip
I opened and closed a similar trade this week. Similar strike, same premium, diff expiry, BUT I was ‘smart enough’ to do it with 10 contracts bought at ~$2100 and closed at $970.
You are truly special to do it with $43k and lose WAY more, WAY faster. Congrats.
For sure screwed. Never ceases to amaze me why people don’t cut their losses or chose spreads or longer EXP dates… But if it’s any consolation, this is the type of stuff I come to WSB for so I appreciate it! 
Imagine if you did the opposite you’d be sitting on 200 grand 
At least you purchased exp d for next week! You might want to spend this weekend praying for some meteor to destroy the earth.
50% loss requires a 100% gain to break even. 75% requires 400% to break even. But worst you can do at this point is wait til Monday
Don’t feel too bad OP, I lost $55k this year so far… I just lost $3k on my SPY Puts today too, same Puts as you except mine are exp 28th… let’s hope for a bright red Monday.
50/50 you might be off by a couple days
Damn i felt bad about my 366 puts for the first week of November but for this your gonna need amazon to go bankrupt or something
You’ll be fine. It tanks next week
Looking at my model, going back to 1927, your chances of being ITM come EoD Monday are about 16.9%. My model needs some tuning, but you aren’t screwed if we have a bad news cycle this weekend, and my model doesn’t differentiate intra vs inter-week moves. You aren’t screwed. Not yet.
You got faked out by the overnight drop? Yeah, the CPI drop pump faked me, but not this one today. If it makes you feel any better, I sold most my calls at close and bought some puts. I think we initially rally Monday morning and go red and dig EOD.
40 grand on 0dte. Could have put it on JAN23 and pretty much insured you caught. Fool and his money and all that…
just hold
You had your chance to get out at least 50% today and didn’t take it
Wtf were you thinking?
I just brought a few puts myself…I’m keeping hope though… Worst case I need to borrow your knee pads Monday night & Tuesday.
Why are there so many people here with thousands to shit out in the stock market when I’m here hoping my 4 stocks of amc go back up to $70?
So you spent 42k on Friday morning and watched it evaporate… Ever heard of a stop loss?
Gotta wait until the DOW rally is over so, pretty screwed.
Regard mode active! Buy put when everyone buy put 
Is it money you can afford to lose?
You still have Monday
OP. The game ain’t over til the loud bell tolls. Also, are you alright right now? I know how it feels to lose 90% of your account. If you need any help or assistance, I myself am here if you need to reach out. I know it’s hard to look at it this way but just keep reminding yourself that it’s just money. You can make more.
imagine needing the end of the world to save your day.
You’re probably most likely fucked cause of theta. IDK why the fuck you would buy so man for short exp, when you could have went farther out and bought half as many lol.
Hope rides alone my friend. See you Monday behind the Wendy’s, I’ll get you some kneepads this weekend. One of us will need them.
We must be related Becuase I bought $350 puts but my exp is 11/2
And I thought I had shitty timing
Why didn’t you set exp to after the GDP report???
The other side of the trade is a guy with around 7 million worth of spy shares, you gave him coke and hooker money for weekend, thank you for your service
Only gamble with 1/10 – 1/7 of your port… hopefully this was the case here & not a yolo 
Take the rest out, switch to calls expiring 11/11, watch the bear rally, then reverse to March puts and watch the crash
Well I guess the only thing to do now is double down and lock in a better price. Call it dollar cost averaging your options
coming here is like a quick therapy session when im mad over a few hundred bucks.
Man! That’s alot to bet on a lotto
My strategy is to bet with an expiry date 2 weeks + and 10 dollar move up or down depending on where we at. Anything riskier is just asking for a loss. You got 26 2-week periods in a year. Just be patient and bet what you can lose without losing your hair.
No, you are home.
I hope it goes down after the weekend
Lol I mean, just because puts were super cheap, doesn’t always mean it’s going to happen.
Anyways, I got puts for 365 expiring on Monday as well.
Let’s go! It’s either cheesecake factory meal or cup a noodles for dinner.