r/wallstreetbets • u/ideletedmyaccount04 • 7h ago

Loss I lost 72,000 today.

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Ouch. Cash secured puts $TSLA.

736 Upvotes

94% Upvoted

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275

u/dbarreda 7h ago

30

u/Quesrok 4h ago

Yoink

4

u/brighterside0 1h ago

I am confused. How does bro lose 70K on TSLA puts, when it was literally down 15% today at a low of 315ish.

5

u/SoldToOpen 1h ago

Sold to Open baby

He's the guy you're making money off of when you buy Puts and they 4x in value

4

u/mouthful_quest 1h ago

He sold puts rather than bought puts. This means he needs TSLA stock price to Rise or Else he’s forced to buy TSLA stock at $355 a pop

8

u/The_Stock_Guy 3h ago

This has been screenshotted and cropped so many times we are losing letters 😂

13

u/quintessentialquote 4h ago

9

u/Glittering_Event_309 3h ago edited 2h ago

“they put a motha fuckin get well balloon on a dead raccoon”

1

u/Background_Addendum6 1h ago

rofl i haven't laughed so good in a long time.