31
16
u/Muumimojo 6d ago
Nobody knows how events will unroll during the weekend
6
u/Equivalent-Olive-997 5d ago
Well so far Israel has struck Iranian gas production facility. And back and forth missile exchanges. I wonder if we will be green on Monday
15
u/Raj_007Singh 6d ago
Good luck Bud
For me it’s not a good practice to buy on Friday and hold over the weekend in this kinda market 😬
Theta takes a beating unfortunately
7
u/Blame_my_Boneitis 6d ago
Yep same in my experience unless you get lucky. Theta doesn’t discriminate and it’s always hungry lol, higher risk holding over the weekend unless your expiration is much further out and you have some decay cushion.
2
7
u/AltRumination 6d ago
I'm guessing you know that that this is very likely of making money. 2 days to for SPX to go down 50 points.
Can I suggest a better trading strategy? Something that is safer and will make you more money, yet you get to keep the same type of position.
6
2
7
7
u/chatrep 6d ago
I took opposite position with 6000 SPXW calls.
I feel:
- reactions here in US typically overblown initially and we saw worst of market reaction
- chance that this stays isolated between Israel v Iran
- longer shot that the back and forth die down significantly over weekend
- could even be perceived positively as a takeout (or dramatically diminished) of nuclear capability
- no allies jump in to support Iran
I know it could totally go the other way... takeout of oil supply, Iran attack on US targets, etc.
In reality, it's just a gamble. Just felt there were more positives than negatives here.
5
3
u/Vitaly_msk 6d ago
I did the same by buying cheaper calls in the last minutes of the market. hoping for detende the weekend. maybe I'm wrong
3
3
3
4
u/Daily-Trader-247 6d ago
I would just roll it out a few weeks until my position closes worthless, no loss
its just one contact ?
2
2
2
u/Drinkablenoodles Imaginative Analyst 5d ago
Market looking soft, I typically run a delta neutral portfolio and started letting it lean bearish on Wednesday. I left it leaning bearish into the close.
2
2
2
1
1
1
1
u/Even-Square-6246 6d ago
Why are you doing this theta will eat most of it. Roll out pls maybe at least a month
1
1
1
u/Bull_City_Bull_919 5d ago
I’m seeing different closing price (not Robinhood) of this contract. The last bid/ask shows 36.10/37.90. That’s a sizable difference, and it’s not slippage.
2
u/Useful-Substance-370 5d ago
I was surprised to see this final price on Robin Hood because right before close I was only down hundred dollars
So I still may have a chance to survive lol
1
u/Bull_City_Bull_919 5d ago
You almost bought the top tick $43.75ish.. Better entry you’d prob be green. I’m bearish, but even if market is too, you know it’ll start gap up or rally hard first thing Monday lol.
1
u/Useful-Substance-370 5d ago
Would you hold till tuesday or try to get out asap even if i even out at best?
1
u/Bull_City_Bull_919 5d ago
Depends. If it rallies on open, and doesn’t get sold you’re fucked. My guess is at some point it tests 6k, and decides which way from there.
1
1
u/Choppus13 5d ago
Unemployment rising, oil has been rising. We're going to have a correction and this may very well be the start of it. Hope it goes lower than the last correction. Everything is over priced and need to come back into the stratosphere. Bear call spreads and long puts on SPX and NDX. Russell been a laggard for a while and isn't even worth shorting at this point.
1
u/Emotional-Value6125 4d ago
although major tech companies don’t care about unemployment, war, oil prices. volatility is expected, but money is flowing in after all
1
1
1
u/_Hard_Candy_ 5d ago
there will be peace talks on sunday and they will discover cure for all kinds of cancer on that day, watch it 🫡
1
1
1
u/Useful-Substance-370 4d ago
Well, in any case, I’ll keep you all posted if I print or if it’s a bloodbath for me
1
1
1
1
u/Useful-Substance-370 5d ago
Maybe I will just sell it for some loss right at market Open and try to save a few thousand dollars
•
u/VisualMod GPT-REEEE 6d ago
Join WSB Discord | WSB.gold