We need to replace this forum with the official D2JSP Wallstreetbets forum. I mean, do people on the internet visiting this site want thoughtful, intelligent analysis of financial issues OR

Do they wana see the YOLO lottery style crazy winnings and losings of high stakes options trading? Plus lots of silly memes.

The answer here is so obvious, it really doesn't need to be stated.

Come on JSP, let's get with the times~

Safe is boring id rather do stuff like I did this week and throw 2k@ hood puts expiring same week and make 120% 👻

i've just been scalping bbby with several brokers bcz of PDT

i was doing that in the 20s, and now it's in the 10s, i'm done for now lol. too scared. made a few hundred that's it

This post was edited by ChocolateCoveredGummyBears on Aug 21 2022 06:31pm

Just threw $800 at MULN, got $75 til friday YOLO

PDT with 25k definitely makes it so much easier when you can day trade with the intraday bp

I like oil & gas and Tesla, I know I sound absurd, but that is truly how I feel.

Trying to do options on TSLA is too rich for me.

So that leaves me with oil/gas. I like it in the sense that I doubt that both WTI @ $90 and gas at $9.80 are still at those levels come January. Maybe it crashes down or maybe it goes to the moon, but I doubt it just sits there. And I lean towards thinking that the SPR release ends and Russia pulls some non-sense this winter and things could get crazy with oil/gas. Maybe everything goes well for the world, and the war ends, and recessions kick in and demand dies down, a deal is reached with Iran and as the SPR winds down enough replacement is injected from Iran to perfectly fill the gap. But I'm gona wager with Murphy and his law on this one. Either way I'm expecting volatility to move in a big way up or down, and I think there is more upside than downside risk. In particular I find stuff like: EOG, PXD, DVN interesting.

So for me, My yolo of choice at the moment is EOG $160 strike, January calls. Got these for $250 each, have over 4 figures but under 5 figures worth of these.

I roughly guess I have a 70% chance to just lose all my money
15% chance to lose a big chunk but not all my money
10% chance to make a small amount of money
5% chance to 20-50x my money.

I'll take those odds. Also on the other side of the risk spectrum, just holding these kinds of oil/gas stocks and collecting the dividends is not bad. The dividends are quite strong, and then just either reinvest the dividends or in a strong troll move, use the dividends to buy more TSLA.

needs more lossp0rn

Most jsper are broke tho 😂

Here some loss porn
During pandemic I had a spx put option that was initially worth ~10 grand, held it through that March 2022 low for what would have been 125k return. 1-2 weeks after that March low went back to even and held this shit to expire worthless

Haven’t done options since lol.

I only ever do covered call options on stocks/companies I truly believe in. If I had the money, I would 100% be doing covered calls on Tesla. The premiums are insane.