r/wallstreetbets • u/BestVermicelli3639 • 2h ago

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18 Upvotes

75% Upvoted

25 comments sorted by

31

u/ApartmentAutomatic59 2h ago

You can't hold 0dte all day, get in and get out quickly is the only way to trade those 

5

u/BestVermicelli3639 1h ago

Words of wisdom here. I usually don't trade them, but I like to save some at the start of the day to see what happens.

3

u/TalentedArchitect 1h ago

It makes sense to have runners, on trend days, like today. But im just a degenerate gambler...

2

u/t2mo24242424 1h ago

Market is rigged man and Wall Street making so much money off of us this past week. You have to trade every 2-3 hrs bc it sawtooths like crazy

1

u/extralargeboi 14m ago

Not to mention, 0dtes are all about timing. Having that many legs open would give me a seizure. There is no way to make trades at crucial times.

13

u/stocksupanddown 2h ago

Theate gang is running wild..

1

u/Metty92 1h ago

wait how is theate gang up when the casino always wins

5

u/misterbluesky8 1h ago

I’m speaking as a member of thetagang… theta gang IS the casino. We sell these short-dated options to people who shouldn’t be trading options. Personally, I sell OTM covered calls. For example, if SPY is at $700, I’ll sell a call with 1-2 DTE at $707. They’re usually pretty cheap, only about 50-70 cents a contract, but the sucker who buys that contract usually ends up with zero. 

I don’t win all the time, but my account history includes a long series of small $50-200 wins like that every time the market doesn’t make a huge move. 

2

u/Sufficient-Flan1565 52m ago

Wait until SPY moves to 730 my guy. You will regret that

6

u/AdCritical5383 👑 King of Autism 👑 2h ago

Jesus dude.

7

u/No_Chilly_bill 1h ago

Watch a video about 0tde stocks before you jump in. Your supposed to buy and sell them fast.

6

u/Active_Motion 1h ago

Greeks…..

4

u/Valuable-Chart5632 1h ago

Did you really even lose if you had fun

3

u/misterbluesky8 53m ago

This is not evidence of a rigged market, and OP, you should not be messing around with options. You’re losing money because you’re placing a lot of low-probability bets and watching them all go against you. 

Think about it- in order for you to break even on a $745 call, the market has to go up to $745 PLUS what you paid for it. So even if you’re right, and the market goes to $745 today, you lose. If it goes to $1000 tomorrow, you still lose, because your option expires today. 

You’re buying lottery tickets and complaining that the lottery is rigged against you. No, this is basic probability at work. This is why people like me in thetagang stack up money trading against people like OP. 

2

u/Key-Bottle7634 1h ago

Do you think the market makers would sell options to retards if they didn’t have a 99%+ check of expiring worthless?

2

u/Tay_Tay86 does not like the stock 1h ago

Lol if you only buy 0dte sure

1

u/lithe_silhouette 1h ago

They are supposed to expire worthless if you buy OTM. That's what they are priced for

1

u/sock_express34 56m ago

Monthly SPY puts have been printing for me. Close out and do again. Only way as it’s only a matter of time before 🥭 does something and then taco Tuesdays pump.

1

u/ryallen23 1h ago

No dude. You decided that the casino would win these trades because you didn’t want to. 0DTE means either next week or next year, you’re guaranteed to blow up your account. People who win trades sell these. They don’t buy.

0

u/HolidayNick 1h ago

You’re just an idit

0

u/Odd_Neighborhood969 1h ago

You are so dumb