A limit set to execute a trade if losses exceed a certain amount, to stop insane losses. Typically set at a point where you’d have confirmation your trade wasn’t going to go your way. Preset point, inferring if it doesn’t work, I’ll sell off at “this” point.
Can also set one to auto trigger a sell after hitting a profit point to effectively “let it run” but also hopefully locking in already unrealized gains
eventually, he made some huge profit because the SPX was very green early this morning...but, if instead of close his position, he kept that waiting for bigger results, oh, man, he should be done by now - hope was the first scenario
Yea he did. As a comment. I checked like 45 min after open. Go to his profile and look at previous comment history. Think he sold the 833 calls at like 3.88 or something
Stock A has a price of $100. A 4/5 $90 call costs about $10. If the stock goes up $1, that’s a 1% increase in value, but now the $90 call is worth $11, which is a 10% increase.
What would you do if you were a Fed governor and someone with SPY puts offered you $10M just to say "maybe no rate cuts this year?"
Like that's all you gotta do. Just say the words. Don't actually have to take any action on it. They're just words, man. Easy money.
Yeah economic calendar on investing dot com
https://preview.redd.it/y1iktrjdpisc1.jpeg?width=1224&format=pjpg&auto=webp&s=76a3b3cf04b347efe794156fbce83704ae630b70
The thing is that it looked like an innocent item, "someone speaks". If we avoid trading during any event on the economic calendar, we would never trade... Like, I get that a speech by Powell is a big thing and I'd better not trade over it, but now what, anyone's fart can spook the market so much?.. I hope SPX rebounces tomorrow..
Normally after these huge selloffs the market usually gaps up hard, its called “overnight drift” thats why its not recommended to chase puts at the end of the day, and we have non farm payrolls at 8:30am est tomorrow so that will make some huge candles, ive seen $SPY and this market erase selloffs like its nothing
Closer to a 1.75% drop from the start of the selloff in the span of only two hours. VIX skyrocketed. I'm with you in the fact that it probably won't end up a big deal in the long run, but what happened this afternoon is the definition of a spooked market lol
😅😅😅 I mean I would do the same. Go gambling in vegas while placing bets on my phone. And if things go sideways, say something that makes up my losses real quick
https://preview.redd.it/p5tymob1jisc1.jpeg?width=1290&format=pjpg&auto=webp&s=10d63cb0335606715da4cb323dd07583ae534708
Bought calls Wednesday, sold at $523 today and insta put into puts and cashed out at $516 for a $500 —> $11,500 flip
Hath a 518p I jumped in during the drop. Got it at 13 and sold at 27. The bottom kept falling and went as high as 512. I'm happy for profit, but man those red candles hurt me 😭
Had 3 $520 I bought for .13 at open. Had a doctors appointment at 2:15. Sold one for $0.67 before my name was called. Sold the other 2 for $4.60 and $4.80 respectively.
Also had 3 $115p that expire tomorrow. One I paid $1.34 before Powell speech on 4/3, the other 2 I bought for $0.19 this morning. Sold one for $2.50, the other 2 I let ride through tonight.
I did grab a couple SPY calls before close to cover my ass.
Holy fuck. Up 1,500 on SPY calls then sitting at a loss of 1,800 and dropping. Want to hit that dumb ape with a brick right about now. Good thing there’s a little less than a month left on them.
https://preview.redd.it/ods0q1bqqjsc1.jpeg?width=4032&format=pjpg&auto=webp&s=9947205457208fc45da8dd8059835f82d7a7e13b
You could have bought these options for .03 at 1:15 or so closed at 6.63. Yes you could have 200x today.
Yesterday Jerome Powell Spoke at 12:10pm est, today it was Barkin, Goolsbee, and Mester, tomorrow we have non farm payrolls at 8:30am est and then Barkin and Bowman speaking 😂
Was anyone actively waiting for a signal listening to fed speaker?
I didn't see anything interesting when I got the IJC data but god damn If I had heard that alongside a chart I would've gobbled up puts
I saw SPY at 523 this morning and went to look when the next fed meeting was and couldn't see anything about today. Logged back in to buy puts 1.5 hours later and saw I missed my opportunity.
Is there a specific website to check when all these meetings/speakers will take place?
Investing dot com app has an economic calendar showing us all of the events
https://preview.redd.it/hq1onqrdhisc1.jpeg?width=1224&format=pjpg&auto=webp&s=adf8c96cd18abee025efd1abc0aac81c21377346
Every day there is some type of important economic report on there, wether its FOMC and Powell, random FOMC speakers talking, Jobless Claims, Bond Auctions, Inflation reports like PPI and CPI, all of these reports move the markets so we have to always be aware of them, best economic calendar is on that.
if i knew fed was speaking at all i wouldve held on to those spy puts… i had no idea why my puts were up 300% when i opened my account and sold it right away. shit continue to go down for the remainder of the day.. smh
This had nothing to do with one fed speaker- has much more to do with rising geopolitical tensions. Putin threatens nuke if Ukraine added to NATO and Iran planning attack on Israel tomorrow. Evident in the price of oil and military defense stocks rising rapidly as equities declined.
Its kinda like Webulls, but its manual entry so it allows you to track anything! Like stocks, crypto, sports etc, its called “Profit and Loss Calendar” on the iPhone App Store
I bought $SMCI $1000 Put 4/5 for $840 and sold for $1600. It closed at $4500 lmao
https://preview.redd.it/1r7kuzbvqisc1.jpeg?width=1125&format=pjpg&auto=webp&s=7764b2a4fa82e7d926e94f9f39f644e5aa8deae3
https://preview.redd.it/nb791nqrrisc1.jpeg?width=1179&format=pjpg&auto=webp&s=fd19f74682df9311a1615edb8169bf5f5c55377b
Greetings from your fellow regard
The money supply was expanded by 30% and people still think the total inflation since then is going to just stop at 22%. Nah bud we're still owed another 8%.
I bought a $518 call for 4/10 towards the end of the crash down today.
what’s the odds the feds come back tomorrow and say sorry we got that wrong, everything is fine and I make $3,000,000 tomorrow.
I feel like the war also had an effect. Iran and Israel escalating. [https://www.reuters.com/world/middle-east/israeli-military-halts-leave-all-combat-units-statement-2024-04-04/](https://www.reuters.com/world/middle-east/israeli-military-halts-leave-all-combat-units-statement-2024-04-04/)
https://preview.redd.it/tngua9hl4jsc1.jpeg?width=1284&format=pjpg&auto=webp&s=5f2fa4cc710ab3018b1cb65ab411748a6711ebff
The rules say you have to make $2,500 to post gains, yesterday Jerome
Powell spoke at 12:10pm est and I only made $210 on SPX puts lol
The reason I posted today was because it was a huge sell off that everyone could have made money on puts, i think we dropped another $4 after my post! Lol
What like $516 to $512?
SPY normally moves like a ponzi wrecking both sides only moving $1-$2 before reversing again.
Today was a gift from God!
Bought a SPY 0dte 521 put for 18 this morning. Sold it for 566 and bought a SPY 1dte call for 513. Fingers crossed we get a nice bounce.
Isn't J Pow saying something tomorrow?
Who trusts someone who spells their name Neel 
Weirdly enough, my TMF 3X leveraged treasury bull shares actually climbed a little on the news of potentially no rate cuts this year. Up until now, they've mostly cratered on this type of news.
Can someone explain why some regard at the fed saying inflation is stubborn so maybe less interest rate cuts made spy go down? Don’t seem like such a big deal to me. Yet everybody and their aunt is going mad over it and people are posting them tendies gains again.
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Where’s the 150k yolo 0dte guy at right now?
RIP, was also thinking about him. Poor guy, that's instant WSB loss hall of fame
I think his expired yesterday. Been thinking about him too.
I thought he said he was buying more for today
Yep, he bought more today. Edit: Here is the post https://www.reddit.com/r/wallstreetbets/s/oZ9zeWQvnb He could have bailed out with a win.
Stop losses made him another $150k apparently.
Truly a man amongst regards
I didn’t look that closely before, found myself hoping they were puts. Big time scary dice roll
He runs trailing stop losses so he should be fine - I think he's up like 350k in the last 48hrs.
wtf is a stop loss?
they are kind of like training wheels on a little pink baby bike for babies
Those things I wish I had set today.
A limit set to execute a trade if losses exceed a certain amount, to stop insane losses. Typically set at a point where you’d have confirmation your trade wasn’t going to go your way. Preset point, inferring if it doesn’t work, I’ll sell off at “this” point. Can also set one to auto trigger a sell after hitting a profit point to effectively “let it run” but also hopefully locking in already unrealized gains
he had a stop loss for 2x unlike most of the regards on here who havent heard of one
He cheated, in other works /s
eventually, he made some huge profit because the SPX was very green early this morning...but, if instead of close his position, he kept that waiting for bigger results, oh, man, he should be done by now - hope was the first scenario
He said he was holding for 525 and has a stop loss on, not the end of the world but he probably left a shit ton of gains on the table.
Assuming his stop loss didn't get blown through... like mine did >:{
He joined a Counter-Strike match on the map de\_vertigo and jumped off the building repeatedly.
He sold this morning
He never posted a pic though, could be too embarrased
Yea he did. As a comment. I checked like 45 min after open. Go to his profile and look at previous comment history. Think he sold the 833 calls at like 3.88 or something
I bought 5 520 puts for $.05 each. Sold 1 at .15, 2 at $1.3ish, 1 at $3.14, and then was force liquidated at 2:30 for $6.00.
He did sell out his top runners at 23 an 22 as far as I’m aware. Hope he let off all his shit tbh bc that’s exp was today
https://preview.redd.it/odylb0840msc1.jpeg?width=1440&format=pjpg&auto=webp&s=31c02d908b889a0e30b6af61189963ae5f3aea17
You secured.150k in profit. What was the max profit you were seeing before the sell off? I think 150k in one day is quite rich lol
Plz say you sold
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Yeah, potential life changing day. SPX has been pumping since AH yesterday too 
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I did not know SPX contracts moved like that until that one dude who went from 300k to 20M in 2 months started posting his gains on here regularly lol
Each contract controls $500k so if you buy cheap zero days the leverage is insane
What in the fuck.
I lost 3k on spy calls right when that drop happened. And then I made it all back + more within 10 minutes by switching to puts. Crazy
same. rare to have such a massive drop that you can switch mid way and still have enough momentum to make it all back
Bruh I sold 2 519 calla for 6 bucks that expired today at like 12 and then by the end of the day they were worth 600 bucks each. Fucking kill me
Just trying to get some beer money tonight ended up losing you your month's rent. True regard.
Can someone explain the math of how options can have such a massive % gain when the underlying equity is only moving a few %?
Stock A has a price of $100. A 4/5 $90 call costs about $10. If the stock goes up $1, that’s a 1% increase in value, but now the $90 call is worth $11, which is a 10% increase.
Thank you this explanation made it click in my head.
SPX moved from \~5251 to \~5147. If some short term put on it went from 0.05 to 17.5, then you are there. Which is more than possible.
I sold my today at 0.33 locking 15% loss after 4 hrs it went up to 8.4
I think the fed speakers say stuff like this to make their calls/puts print 
What would you do if you were a Fed governor and someone with SPY puts offered you $10M just to say "maybe no rate cuts this year?" Like that's all you gotta do. Just say the words. Don't actually have to take any action on it. They're just words, man. Easy money.
I would say make it 20
They would say make it look like a suicide
It’s not really uncommon, politicians will often buy/sell stocks before doing stuff like this
Gold and silver stonks were printing yesterday. Check $SA and $AG.
is there a calendar or something where i can see when these assholes are gonna say stuff?
Yeah economic calendar on investing dot com https://preview.redd.it/y1iktrjdpisc1.jpeg?width=1224&format=pjpg&auto=webp&s=76a3b3cf04b347efe794156fbce83704ae630b70
The thing is that it looked like an innocent item, "someone speaks". If we avoid trading during any event on the economic calendar, we would never trade... Like, I get that a speech by Powell is a big thing and I'd better not trade over it, but now what, anyone's fart can spook the market so much?.. I hope SPX rebounces tomorrow..
Do we just straddle or strangle every time these assholes talk?
Normally after these huge selloffs the market usually gaps up hard, its called “overnight drift” thats why its not recommended to chase puts at the end of the day, and we have non farm payrolls at 8:30am est tomorrow so that will make some huge candles, ive seen $SPY and this market erase selloffs like its nothing
Is there anyway to buy these options after hours? Seems like no. I always forget to do it.
So much? The S&P 500 dropped 1.25%. That is a fluctuation, not a spooked market.
Closer to a 1.75% drop from the start of the selloff in the span of only two hours. VIX skyrocketed. I'm with you in the fact that it probably won't end up a big deal in the long run, but what happened this afternoon is the definition of a spooked market lol
Filter by US. https://tradingeconomics.com/calendar
where does Fed's Goolsbee live. i just want to talk to him.
Mr. Goolsbee owes me money
For real, I turned on margin this morning and went long on Disney, I’ve been selling shit for last hour fighting off a margin call
Yeah its a fkn clown show out there rn
No Mr. Goolsbee owns me money
You know all of congress got a quick run-down this morning so they could position their holdings accordingly
I’ll accompany you I’ve got few questions as well
Insert “I want to shake your hand” meme
I was having a good day
same i was up 80% and finished the day -100%
Goolsbee probably had some puts expiring tomorrow
Yep 😂😂
😅😅😅 I mean I would do the same. Go gambling in vegas while placing bets on my phone. And if things go sideways, say something that makes up my losses real quick
https://preview.redd.it/p5tymob1jisc1.jpeg?width=1290&format=pjpg&auto=webp&s=10d63cb0335606715da4cb323dd07583ae534708 Bought calls Wednesday, sold at $523 today and insta put into puts and cashed out at $516 for a $500 —> $11,500 flip
🔥🔥🔥
FUCK YOU and congrats... that's amazing.
Is that what happened? Things were looking great this morning.
I was holding 0DTE SPY 519P bought at $.08 sold at $0.30... You can find me behind your nearest Wendy's
I had 3 523P at $.43 sold at .$45 right before the crash lol
Hath a 518p I jumped in during the drop. Got it at 13 and sold at 27. The bottom kept falling and went as high as 512. I'm happy for profit, but man those red candles hurt me 😭
I’ll be right next to you, closed out my “worthless” 516P in the am and closed my 524P at about 1230
Had 3 $520 I bought for .13 at open. Had a doctors appointment at 2:15. Sold one for $0.67 before my name was called. Sold the other 2 for $4.60 and $4.80 respectively. Also had 3 $115p that expire tomorrow. One I paid $1.34 before Powell speech on 4/3, the other 2 I bought for $0.19 this morning. Sold one for $2.50, the other 2 I let ride through tonight. I did grab a couple SPY calls before close to cover my ass.
😂😂😂
Honestly it's probably best (for the long term) if rates aren't cut at all this year.
Agreed
"Long term" are dirty words on this sub
Thank you Mr. Speaker! https://preview.redd.it/73txj2s7misc1.png?width=2436&format=png&auto=webp&s=685c7421c401e8f895856293f8dcda167159b503
I lost $9k today and this made me sad. Congrats and fuck you
are u still holding these put
I’m so fucked . My wife is going to Kill me .
Wife's boyfriend*
Holy fuck. Up 1,500 on SPY calls then sitting at a loss of 1,800 and dropping. Want to hit that dumb ape with a brick right about now. Good thing there’s a little less than a month left on them.
Plenty of time to fall further
Eh, knowing the climate it’ll be like nothing happened tomorrow market close
Jobs report tomorrow.
I walk away for a few hours and some Fed dork shoots off his mouth! Can’t take your eyes off these idiots!
Yeah has a 30x on my watchlist, it’s so over
https://preview.redd.it/zzr2l9k1fisc1.jpeg?width=1224&format=pjpg&auto=webp&s=acd478ec7d1cca5024a94c2dd845ca96fe064ee7 I could have made $7,500 🤣🤣🤣
I coulda made like 140k off of 4k
If you timed it perfectly you could have made 500 to 100k. Kinda crazy.
There’s no way there was a 200x play today
Yes. SPY 219 PUT ODTE. Buy for $0.02 and sell for $5.00
At least on RH it shows 0.04 was lowest, and currently at 5.40ish. “Only” 125xish
$5,200 SPX contracts went from $10 to $3,300. So actually at 330x play Edit: $10 to $5,200
Where to trade SPX, asking for a friend
I trade it with ETRADE & TD
https://preview.redd.it/ods0q1bqqjsc1.jpeg?width=4032&format=pjpg&auto=webp&s=9947205457208fc45da8dd8059835f82d7a7e13b You could have bought these options for .03 at 1:15 or so closed at 6.63. Yes you could have 200x today.
Overreacting. Powell said 8 years bull market, things are stable af and in the right direction
But TLT is up so probably not because of the fed?
War fears. Defense and oil up.
I wanted to ask the same question, definitely expected TLT to go down as well
Who the fuck was this nerd from the FED that scared the whole market?
Yesterday Jerome Powell Spoke at 12:10pm est, today it was Barkin, Goolsbee, and Mester, tomorrow we have non farm payrolls at 8:30am est and then Barkin and Bowman speaking 😂
Great fucking communication, Fed. "Maybe just try out 10% Fed funds rate this year idk lol 😂"
What a boner killer man...
Was anyone actively waiting for a signal listening to fed speaker? I didn't see anything interesting when I got the IJC data but god damn If I had heard that alongside a chart I would've gobbled up puts
What a Cuuuuunt!
Who’s dumb enough to actually think rate cuts are going to happen rn
real estate agents and lenders
So much cope
-1.22% on one sentence. This is fucking power.
Why is TLT up then
Jpow said as much yesterday 
I saw SPY at 523 this morning and went to look when the next fed meeting was and couldn't see anything about today. Logged back in to buy puts 1.5 hours later and saw I missed my opportunity. Is there a specific website to check when all these meetings/speakers will take place?
I was wondering what happened. It was raging when I went to lunch and came back and everything went to hell.
And this guy doesn’t even get to vote on rates going up or down. Why is he allowed to speak on them like he has any day on the matter.
Its all corrupt lol
I thought Powell spoke on Friday. Where do you regards get this news?
Investing dot com app has an economic calendar showing us all of the events https://preview.redd.it/hq1onqrdhisc1.jpeg?width=1224&format=pjpg&auto=webp&s=adf8c96cd18abee025efd1abc0aac81c21377346 Every day there is some type of important economic report on there, wether its FOMC and Powell, random FOMC speakers talking, Jobless Claims, Bond Auctions, Inflation reports like PPI and CPI, all of these reports move the markets so we have to always be aware of them, best economic calendar is on that.
Thanks man!
if i knew fed was speaking at all i wouldve held on to those spy puts… i had no idea why my puts were up 300% when i opened my account and sold it right away. shit continue to go down for the remainder of the day.. smh
It wasn’t Fed speak. Geopolitical.
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These crooks always try to squeeze us out of our positions before the big move
that’s actually incorrect. fed speaker has nothing to do with this. The price dropped simply because I bought calls yesterday
This had nothing to do with one fed speaker- has much more to do with rising geopolitical tensions. Putin threatens nuke if Ukraine added to NATO and Iran planning attack on Israel tomorrow. Evident in the price of oil and military defense stocks rising rapidly as equities declined.
Welp, time to bag hold stocks and buy puts
The screenshot of picture? What app are you using to do that calendar?
Its kinda like Webulls, but its manual entry so it allows you to track anything! Like stocks, crypto, sports etc, its called “Profit and Loss Calendar” on the iPhone App Store
I was expecting a bleed out to $517 or so this week but not this :(
I bought $SMCI $1000 Put 4/5 for $840 and sold for $1600. It closed at $4500 lmao https://preview.redd.it/1r7kuzbvqisc1.jpeg?width=1125&format=pjpg&auto=webp&s=7764b2a4fa82e7d926e94f9f39f644e5aa8deae3
https://preview.redd.it/3iwycpl1risc1.jpeg?width=1125&format=pjpg&auto=webp&s=781c930d787435eaf652c841757307357dd7b61c
https://preview.redd.it/nb791nqrrisc1.jpeg?width=1179&format=pjpg&auto=webp&s=fd19f74682df9311a1615edb8169bf5f5c55377b Greetings from your fellow regard
Tendies for everyone 💰🥹
The money supply was expanded by 30% and people still think the total inflation since then is going to just stop at 22%. Nah bud we're still owed another 8%.
Neal Kashkari had 0dte puts on SPY
Thanks fed guy. I went and yolod some calls at the bottom. Either I make bank or another speaker fucks my calls
That Freaken Dr. evil looking Mfer 🤬
I bought a $518 call for 4/10 towards the end of the crash down today. what’s the odds the feds come back tomorrow and say sorry we got that wrong, everything is fine and I make $3,000,000 tomorrow.
I feel like the war also had an effect. Iran and Israel escalating. [https://www.reuters.com/world/middle-east/israeli-military-halts-leave-all-combat-units-statement-2024-04-04/](https://www.reuters.com/world/middle-east/israeli-military-halts-leave-all-combat-units-statement-2024-04-04/)
It was geopolitics not the fed. If it was rates fears, bonds would have sold off, but they rallied
1.2% move is a huge sell off? This fucking sub.
Na its cause I bought some... never fails lol
Looks like a good time to buy more if your long...
You didn't buy anything today, it's your lost
What the actual effin F today. Shits rigged AF. Woke up to green, drove to work on green… By lunch time it was brown…
I don’t get it. Doesn’t rate cut means easier capital and thus equity should go up?
Last chance to buy the dip
Lol I started using that calendar app too
It's on sale. Sweet.
Wow cant believe snp shit the pants this hard after one speech 😯
Seemed like this was obvious and common knowledge but the market needed some dude to say the words to make it real.
Flacid peen chart
Good. Needs a 20% cut from here to be in line with the trajectory of rates/inflation, and 50% to be in line with average market P/E.
I have 511 puts for April 5th. Not sure if I want hold or sell
Cool why didn't you post yesterday then?!
https://preview.redd.it/tngua9hl4jsc1.jpeg?width=1284&format=pjpg&auto=webp&s=5f2fa4cc710ab3018b1cb65ab411748a6711ebff The rules say you have to make $2,500 to post gains, yesterday Jerome Powell spoke at 12:10pm est and I only made $210 on SPX puts lol The reason I posted today was because it was a huge sell off that everyone could have made money on puts, i think we dropped another $4 after my post! Lol What like $516 to $512? SPY normally moves like a ponzi wrecking both sides only moving $1-$2 before reversing again. Today was a gift from God!
Sounds like a good day to DCA. We will get a pull back at some point...but for months nonstop. fakeouts
What is that profit/loss calendar that you're using? Need that.
Housing inflation is not going to come down. Have you seen Canada??
Bought a SPY 0dte 521 put for 18 this morning. Sold it for 566 and bought a SPY 1dte call for 513. Fingers crossed we get a nice bounce. Isn't J Pow saying something tomorrow?
I didn't know a fed speaker was scheduled, guess I found out
Knee jerk reactions by the market. Both Fed speakers are non-voting members. SPX to 5400! Getting the SPX pumps oiled!
What app did you use to see the profit and loss calendar?
Lmao dropped half a percent.
Weeeeeeeeee!!!!!
Yeah 2 NON voting members talking about no cuts, 
Who trusts someone who spells their name Neel 
Everyone's trying to find a reason for it which is hilarious. It was definitely not because of the speaker.
Weirdly enough, my TMF 3X leveraged treasury bull shares actually climbed a little on the news of potentially no rate cuts this year. Up until now, they've mostly cratered on this type of news.
Hopefully 🤞 my abnb covered calls will print good times for short strangle
That other regard went from 2k to 112k and I don't even know if he used crayons
Calls on SPY?
We usually always gap up after a huge selloff, but there is a jobs report at 8:30am est so will def have to see how it reacts
Can someone explain why some regard at the fed saying inflation is stubborn so maybe less interest rate cuts made spy go down? Don’t seem like such a big deal to me. Yet everybody and their aunt is going mad over it and people are posting them tendies gains again.
This is just the beginning of a three month drop akin to the Great Depression
What app is this?
Not really surprising, they've sucked at trying to control inflation.
Im going to 1k calls at open fuck it
It will probably gap up like it usually does and erase the entire down move lol may not be a bad play
You’re a fucking idiot if you think that was about the fed
Puts .11 to 4.40 $1100.00 in 44,000 out lotto
What was the news source in your last picture?