SPY Degen Call

Some like to play it safe, and I like to feel my heart beating out of my chest as soon as I wake up in the morning. Something about a SPY option during crucial US inflation data really gets the blood flowing.

13 comments held Reddit says 0 on reddit ↗

u/OldMovie9812 1 21 hours ago

God speed be with you. I wouldn't doubt the administration would cook the numbers to favor a run up lol
u/ExplanationNormal339 1 21 hours ago

Quietly watching $SPY. The implied move is the first thing I look at. Not advice, just where I tend to.
u/Bb2618 OP 1 18 hours ago

![gif](giphy|KmI2ZcuihBgzu) Just messing around
u/Brilliant_Tax_4009 1 21 hours ago

I like to go in 100 deep on shit like that, wait for it to go south, then rebuild my account over the next 6 months; only to do it again. It works sometimes; until it doesn't and takes 10k in about 45 seconds.
u/Bb2618 OP 1 21 hours ago

Yeah that’s why I only put in $550. Don’t get me wrong, I don’t want to lose it, but I’ll take my chances at a couple g’s.
u/Ikki985 1 21 hours ago

Hope you're right, my friend https://preview.redd.it/gg772rrgktih1.jpe…
u/MaxPainKing 1 20 hours ago

I bought 10 SPY 770 puts that expire tomorrow just before the close today. I guess we’ll see which one of us is the degenerate in the morning 😜
u/Bb2618 OP 1 20 hours ago

![gif](giphy|1Rc370T2WE8sU)
u/Trash_Taste1 1 20 hours ago

This is where the market goes sideways and everybody loses. It’s the casino.
u/[deleted] 1 19 hours ago

[removed] — already gone when the archive first saw it
u/Educational-Basis392 1 20 hours ago

rolling the dice baby haha
u/Saltlife_Junkie 1 14 hours ago

Low CPI he wins. High and you win. You will know the winner at 830
u/InvestigatorMain4008 1 19 hours ago

Victory of Valhalla