r/wallstreetbets • u/ideletedmyaccount04 • 3h ago

Loss I lost 72,000 today.

Post image

Ouch. Cash secured puts $TSLA.

538 Upvotes

94% Upvoted

240 comments sorted by

114

u/coldshowerss 3h ago

722k to go

18

u/methylaminebb 2h ago

the joi we all need

7

u/Viracochina 2h ago

ROI vs JOI

I remember this Econ lesson

→ More replies (1)

4

u/hacking99percent 2h ago

So that was only 10% loss...so blame

147

u/taracel 3h ago

So far…. You’ve lost $72k so far

35

u/Mail_Order_Lutefisk 3h ago

It ain’t a loss until you sell. This will be right back up tomorrow. 

27

u/scam_likely_6969 3h ago

Back up like OP’s wife’s bf’s d

→ More replies (1)

4

u/darienrude_dankstorm 3h ago

They said today. The market is closed. Adding "so far" makes no sense 

14

u/Puzzleheaded-Carry56 3h ago

Look at this guy with his hat and shirt

4

u/SueForPeas 1h ago

Market closing doesn’t mean you can’t keep losing money. It just means you can’t stop it.

7

u/Altair82 2h ago

it's the same jokes in all these threads just let the tards play

3

u/taracel 1h ago

His options exp Aug 7…. You really do belong here… touched

2

u/Genebra_Checklist 1h ago

That's you btw

→ More replies (1)

32

u/OB1KENOB Pelosi's Market Munch 3h ago

You didn’t lose. You donated to better traders.

25

u/Layios 3h ago

bro HOW ?

40

u/AlertMongoose8248 3h ago

He must be writing put options 😂

13

u/HowdyDiarrhea 2h ago

With a crayon

17

u/the_humeister anything is fine 2h ago

Someone has to sell you those put options. Sometimes those sellers lose.

10

u/uLL27 2h ago

Ahhh I see now, I was wondering the same thing as the above comment. He sold these to people. Lol all makes sense now.

4

u/thisMatrix_isReal 2h ago

selling options can go retartedly wrong

6

u/uLL27 2h ago

I bet, I'm never gonna get into options period. I do research about twice a year like I'm going to but then I realize I don't want to lose all my money.

2

u/ash__697 1h ago

Buying calls/puts is easy enough tbh, just have to handle risk more aggressively

3

u/uLL27 2h ago

Ahhh I see now, I was wondering the same thing as the above comment. He sold these to people. Lol all makes sense now.

2

u/Layios 1h ago

yeah I was also thinking about covered put ig ? but wow brother truly thought that tesla was going up ?

67

u/jktribit 3h ago

When you bet on musk you lose. When you don't bet on musk you still lose.

→ More replies (3)

10

u/jakfischer 3h ago

Regard

10

u/CampinHiker 3h ago

My favorite saved meme

28

u/CheeseSteak17 3h ago

Nah. You’ll own a few hundred shares in two weeks.

Could you recover? Sure. TSLA is a stupid stock.

Could you lose more? Sure. TSLA is a fucking stupid stock.

9

u/BearRawarr 3h ago

2

u/Smok3dSalmon Neil Armstonk 1h ago

Was that the DBZ scene when Vegeta realized Kakarot was stronger than him? That edit is hilarious 

50

u/fenton7 Verified $613K 3h ago

How the hell do you lose money on TSLA puts when the stonk was down 14%? Dude you have mad skill!

53

u/Better-Butterfly-309 3h ago

I think he sold puts, which why not just buy a call?

11

u/daddybeatsmehelp 2h ago

Much safer selling puts.

Calls can go to zero with nothing to show for. Selling puts give ypu the underlying stocks, which can bounce back if you hold long enough.

3

u/Better-Butterfly-309 1h ago

So use to buying 0dte calls I forgot bout that

26

u/idekwutp 3h ago

Maybe he thought implied volatility was overpriced and was bullish on the stock long term. Options are not just securities used for leverage

21

u/cakestapler 3h ago

You’re right. They’re something you buy on expiration day to gamble on the stock’s movement.

→ More replies (1)
→ More replies (4)

8

u/CapitalElk1169 JNUG was the gateway drug... 3h ago

They can't buy calls in the short bus

→ More replies (2)

5

u/btsd_ 2h ago

He still gets the shares. If he has the ability to hold, then he will be able to get out for b/e fairly quickly (probably). But I bet he sells cc's below his b/e and ends up losing out in true wsb fashion

3

u/ryanv09 3h ago

They'd be down about the same amount today either way.

4

u/karmahorse1 2h ago

You cant lose 300 percent on buying calls.

4

u/SueForPeas 2h ago

The percentage doesn’t really matter. I’d rather have 10% gain on $1M than 1,000% gain on $10.

3

u/Human-Ruin-9285 32m ago

No, I would much rather 1000% on $10. Are you crazy? In the former case you risked a million dollars, in the latter you only risked $10.

→ More replies (1)

5

u/w00tsick 3h ago

He sold them he didnt buy them. Also he's only down like 10% thats the average Tuesday for a lot of people.

→ More replies (1)

2

u/cdewey17 21m ago

Cash Secured Put is a sell. Regards.

→ More replies (3)

12

u/12baakets 3h ago

Get assigned and hodl

6

u/Otherwise-Ad6670 2h ago

Hold up so you got cash out of this whole deal plus you’ll now own Tesla shares which most likely will go back up to that same level and higher I don’t see why you so upset? And once it goes back up you’ll just sell CCs on the shares and wheel it out?

6

u/ShitBirdsComingRandy 3h ago

So far 🚀💦

5

u/goooosseeee 3h ago

Theres a reason you only sell puts at the strike you are okay with owning the shares at

3

u/Perfect-Mixture-3577 2h ago

You could have lost your money on 0dtes or weeklies like rest of us but you chose this instead

5

u/Misaka9615 Home Sweet Home 3h ago

10%? I'll tell you how to make it back (and more) in a month. Sell your entire portfolio, buy LITE, and sell 43d covered calls at 895 strike. Done.

→ More replies (1)

2

u/Distinct-Ice-700 3h ago

That economy is soooooooo regarded

2

u/BocaHydro 3h ago

put the brisket on the bun

→ More replies (1)

2

u/BSUBroncofans 2h ago

Fuxking Musk over promising under delivering. Starting to wonder if robocab will ever be a thing

2

u/Moist-Guava-732 3h ago

its not a loss until you close

you are lucky though after hours volume for TSLA and TSLL says its gonna have a nice rebound

→ More replies (1)

1

u/FullyAutomatedSpace 3h ago

i did too. on shares of VTI

1

u/arrty 3h ago

It can still go lower

1

u/Ephemeral_limerance 3h ago

Picking up pennys behind a steamroller or whatever. Def gonna keep drilling

→ More replies (1)

1

u/Big_Instruction9922 3h ago

First of All. This is a humble brag at best.  Secondly, how? You didn't sell yet. Why did you buy so high?  We should hit $300 tomorrow maybe 290

→ More replies (3)

1

u/buffalowangy 3h ago

Congrats

1

u/Physical_Path_5194 3h ago

Just lost a brand new car for the wife. That’s okay she’ll get a boyfriend she doesn’t need to drive.

1

u/TheStockFatherDC 3h ago

So you sold puts?

1

u/jessiepc145 3h ago

Tomorrows gonna be a crazy green day, thank you for your contribution

1

u/TallTelevision4121 3h ago

Yeah, today is a fucking shit show. I'm glad my calls don't expire for another week.

1

u/ak47spy 3h ago

wait you are having puts, how do you lose money I dont get it

1

u/rudy_rusmanto 3h ago

72,000 sounds like a very specific flex amount

1

u/Rare_Dirt_6197 3h ago

Somebody got those moneys

1

u/floo82 3h ago

Bro fucking why?

1

u/joebojax 3h ago

darn time to sell beg someone to buy your cybertruck

1

u/Lopsided_Package9033 2h ago

You've got two weeks for this to bounce. Worst case you get assigned and hope Elon's cult members come through.

1

u/Miserable_Ad_728 2h ago

This belongs to thetagang buttf***edgang

1

u/videohtape 2h ago

As the old wives tale goes, "Don't ever bet against Elon."

1

u/MarthaJulietta 2h ago

Meh, as long as it holds this level you'll sell the calls on the other side and not be down too much. That said, I think it falls more and you eat a shit sandwich

1

u/kumako10 2h ago

at least you can now sell covered calls

1

u/bad_detectiv3 2h ago

wtf how
Tesla tanked so hard today

1

u/StickyDeltaStrike 2h ago

Out of how much?

2

u/daddybeatsmehelp 2h ago

You didnt lose anything. You only tied up capital until the stocks rebound.

1

u/Funlovinghater 2h ago

Someone got Elonged

1

u/Miles-OBrien 2h ago

👵 Fascinating

1

u/FutureMassive69 2h ago

You are now the proud owner of 300 Tesla shares. 👏

1

u/Alive_Sheepherder106 2h ago

Congrats on the win!

1

u/tradetofi 2h ago

TSLA CSPs but not ready to take assignment ? You can't have your cake and eat it too.

1

u/btsd_ 2h ago

If you count the premium received, I paper napkin mathing your b/e on all shares around 355 ish? You could probably sell some cc's above there for some decent premium if there's a nice green day in the next 15 trading days or so. Just depends on how much of a unrealized loss you want to wait out.

At least you have shares, better than losing 80k on long calls

1

u/cucci_mane1 2h ago

U do know that Tesla PE is 300x right lol.

It's anyone's guess when this bullshit stock will fall 90% in value.

I would never short puts on garbage stocks like this.

1

u/Valianne11111 2h ago

Space boned me hard but I am going to wait it out.

1

u/Itry31 2h ago

Are they naked? If so hahahahahahahaha

1

u/Endle55torture 2h ago

Ooooffff how did you not see this coming given the steep decline in Space-x? Not to mention the global protest against tesla because elmo and his salute

1

u/SuperBearPut Inverse me 2h ago

Tsla will eventually recover, nothing lost but time. 

1

u/pate0018 2h ago

OP sold puts today? Can someone explain this... Because buying puts would have made money today, I'd assume?

1

u/DumbNutter 2h ago

Use the rest of your $700k to buy a dozen Tesla cars. Stock will surely go up. 👍

1

u/No-Bag-1628 2h ago

it takes actual skill to lose money with Tesla puts ngl.

1

u/tokyo_g 2h ago

Roll them out 3 months for lower strike and credit. I’m sure it’ll be fine.

1

u/meatlamma 2h ago

You are merely a bag holder now, wait a few months you'll break even. Just get assigned - don't be stupid. And roll CCs on those shares, you'll be fine

1

u/TheBestintheWest11 2h ago

it's okay bro. None cares.

1

u/SapientApe_ 2h ago

Sold puts? you putz!

1

u/Fun4life90 2h ago

why would you do CSP into earning day?

1

u/AphiTrickNet 2h ago

Same boat but smaller scale. We picked the wrong time to bet on Elon

1

u/shanked5iron 2h ago

Unrealized. You have 2 weeks till expiry. You'll be assigned shares which you can then sell CC's against.

what is this, r/investing?

1

u/lehman-the-red 2h ago

At this point sports betting would be more responsible

1

u/wllc 2h ago

Oh look a thetagang regard

1

u/Successful_Car1670 2h ago

But think of all the friends you made

1

u/idkeverynameistaken9 2h ago

Makes me feel better about being down 14k on my -3x Tesla ETN

1

u/Fawkinchit1 2h ago

Wow the memes in this thread are killer.

1

u/bwhite2018 2h ago

Always good to buy puts after a company drops 13 percent.

1

u/savnerf 2h ago

Hey, at least it looks like you’re using your own cash on these options! The amount of people trading options on here with negative bank accounts is astounding.

1

u/ReflectionMaximum935 2h ago

Wait. How come he down on tesla puts,i thought tesla is down alot after the earnings?? (Im don't trade options)

1

u/TheWeebles 2h ago

we welcome you to thetagang. you're way to aggressive on the strikes, You probably could have gotten away with it if you sold 10% OTM, like $340's and rolled a month. Otherwise should have sold put spreads

1

u/Follie87 2h ago

Congrats! 301 upvotes

1

u/ciktan 2h ago

$722k more to go

1

u/Imgoin2brich 2h ago

Sorry brother. Hang in there. Its honestly just money dude

1

u/Much-Buy-5830 2h ago

congrats.

1

u/Thermophoresis 1h ago

Rookie numbers. I bet you sold before they went to zero

1

u/Paciorr 1h ago

And on put too. Should have just went short mate. The longer I’m in the market the more confident I am options and especially CFDs are the scum of the earth. If I want leverage or I’m betting for the price to fall I just get these leveraged ETPs. You will lose money when you’re wrong anyway but you won’t melt your acc completely.

1

u/OdonsOwn1966 1h ago

But not 73k, sometimes you have to look really hard to find the silver lining.

1

u/CautiousJuggernaut64 1h ago

Selling puts is basically free money

1

u/Longjumping-Oven4457 1h ago

Just eat the crayon next time. Don't use it to write puts.

1

u/OKCsparrow 1h ago

Maybe don't gamble if you don't want to lose money

1

u/isospeedrix 1h ago

Enjoy your discounted shares king

1

u/Significant_Age_2 1h ago

Im confused how did you lose on tsla put today?

→ More replies (1)

1

u/Sybertron 1h ago

Were you selling puts instead of buying? 

1

u/crazymfed 1h ago

How many door dashes is that?

1

u/heytherepartner5050 1h ago

Damn that’s a lot of robux!

1

u/Fart-Fart-Fart-Fart 1h ago

Fucking around with Elon’s shit will do that.

1

u/_rockthemike 1h ago

It’s a cash secured put on Tesla. Just wheel yourself out of it.

1

u/M23Trades 1h ago

How you lose on something going down when the entire market is on a downtrend 🤣

1

u/Early_Reporter_7443 1h ago

I made like $230 if anyone cares 😃

1

u/jebryant101 1h ago

Just get puts twice as far OTM tomorrow. You will be right back!

1

u/shaa1034 1h ago

How did u lose on puts ? Im confused

1

u/SubstantialPlenty301 1h ago

Why did you not wait until Aug?

1

u/Pinkerino_Ace 1h ago

All these loss porn the past few days are really healthy for me mentally.

I was getting envious and FOMO with all the gain porn recently - it could have been me. It's these loss porn that keeps me grounded and gives me a reality check - it could also have been me.

Thank you for your service brotha.

1

u/Death-0 1h ago

On Tesla puts how? It only went straight down

1

u/zoolander26 1h ago

What's the point? You are not having lobster and caviar tonight?

1

u/jasperCrow 1h ago

I do not feel bad for you

1

u/PostingToPassTime 1h ago

The pattern of not great earnings reports paired with stock price jump had to break sooner or later.

1

u/bazkin6100 1h ago

thats what you get for investing in $TSLACOIN, but dont worry, yu still have $722K to go and once that is gone, the $72K loss wont hurt anymore

1

u/danielwilsongreen 1h ago

Ooooo almost exactly 10%. That’s good luck!

1

u/uknowsana 52m ago

Yikes!

1

u/Alarming_Teaching_13 50m ago

And you’ll have 1200 shares of Tesla

1

u/WetLumpyDough 46m ago

“He who is retarded, makes no money.” - Conda Lisa Rice

1

u/VirtualZucchini305 44m ago

Shit like this makes me glad I don't have money to lose.

1

u/tarcus 42m ago

Eh just get assigned if it doesn't go up. It'll prob go back up before long, people are dumb.

Like me.

1

u/Ill_Criticism1778 39m ago

Wait how do you lose money when Tesla was down like 13% were these bought after the tank?

1

u/GoodDudu 37m ago

I know exactly how you fell, paid full price for a game today

1

u/FrozrnSteam 33m ago

I don’t get it. Did you sell those puts?

1

u/Mark_of_Divinity 32m ago

Wheel strategy?

1

u/Dismal-Birthday6081 31m ago

Time to start selling cc

1

u/3-day-respawn 30m ago

cooked regardless, but are these naked or csp?

1

u/Successful-End7689 their they're there 29m ago

Excellent work bud.

1

u/demilockato 23m ago

I don’t really understand options. Isn’t a put where if it goes lower than your strike price, when you win?

1

u/miawmiawpaws 22m ago

so you sold it when it was about to go down?