Reddit Posts
Without Wendy’s there would be no dumpster
Does anyone know why these sudden price drops happen?
On last minute before the close SPY wicked down 2.3% on 10x volume
SPY 0DTE gains to close out the week
Is this a Robinhood glitch? Why is the Open Interest on this random bank put so high if nobody is trading it?
Is this a Robinhood glitch? Why is the Open Interest on this random bank put so high if nobody is trading it?
Am I in the Cool Guys club? I know I'm in the Retard Boys Club tho
Finally made all my Investment back after 7 years!!! Part 4
SPY be really drawing today cats lol
I can't beat the market. I won't ever beat the market. After years I realize that now. It's VOO for me.
📓 Daily Brief: Theta Gang Goes To Wendy's
Quick SPY hit today, a trust small street bet W
Trading off Biblical Prophecy [SPY Jan 16 2030 $650 Put]
climbed the mountain just to fall straight down.
I HAD A DREAM!!! Choppy summer market
I built a free tool that keeps a daily history of your Finviz screeners
I used ChatGPT to backtest a SPY 0DTE strategy and Codex to build an automated IBKR bot
$SPY -- Bullish? -- 3DTE -- MU Earnings + Semi Catalysts
Help me understand what is limit price
🚨🚨🚨 $WEN DD: WHY WENDY'S IS ABOUT TO SEND YOUR PORTFOLIO TO THE MOON 🚀🚀🚀
Yes, You CAN "Time The Market." And I'm Going to Prove It, Again.
Yes, You CAN "Time The Market." And I'm Going to Prove It, Again.
SPY Isn't Pricing Much Movement, But Protection Is Still Expensive
Update 7: Oops, lol. ~$1,447.94 -> ~$2,712.06 -> $222.20
Warsh's first FOMC presser is Wednesday and nobody seems to be talking about the dot plot risk
Warsh's first FOMC is tomorrow and I have no clue what to do with my port
How many of you have actually calculated your returns against the S&P, properly, and how many are just assuming you're beating it because your portfolio is green?
How viable is a hedge fund that trades exclusively in SPY 0dte’s
I have lost every position I've taken since june started.
Serious discussion: Is it time to full port healthcare, or am I regarded?
All My Eggs in One Basket: Keep holding NVDA or Sell at a Loss?
Sustainability of Weekly Covered Calls + Cash Secured Puts ATM on 50% of SPY Portfolio
My 15-point GO/NO-GO checklist before any options trade, because I kept breaking my own rules
When Iran war started SPY was at $686 and today $756 (Nearly +10%)
100k SPY 6/16 744c YOLO held through iran deal / Trump's birthday weekend
RSUs and ESPP, cash out and invest in ETFs, Dividends, SPY, or leave it?
[OPEN SOURCE] Last month, I deployed an options portfolio managed by AI. I'm up over $4,000 since
Europe Is Too Scared to Grow, So Their Money Keeps Buying My SPY Calls
$300 deposit Tuesday -> $6,120.97 ($5k withdrawn + $1,120.97 cash left in account)
Tesla is worth $100 trillion not $1 trillion. Here's why.
Tesla is worth $100 trillion not $1 trillion. Here's why.
Why not SPY puts with SPCX IPO
What’s SPY closing @ tomorrow? Place your bets
Bought 2 minutes before the news dropped.
Mentions
Or if Trump decides to talk to Iran for the 500th time SPY will pump and he gets $1k+ in his pocket for being regarded
Well done! $816 yesterday on SPY for me. My record too. Be careful my friend, winning is a drug.
Kudos, best answer here. OP, you might even be lucky and SPY opens higher than $733 on Monday and you make a small profit. I once had some guy exercise an OTM short put on me. Next day, I basically got margin called because I was assigned $300k of QQQ at $594. Mind you, QQQ ended the day at $597 so that was crazy, I was already $3 in profit. As luck would have it, QQQ opened higher at $601 and I managed to sell for a tidy $2,750 of profit after including the broker’s interest of $300 on the $300k I borrowed. Lesson learnt for me was to play the cash settled options like SPX or XSP. SPY and QQQ were too scary for regards like me.
You will get the shares. Just sell them back for a few grand loss. Also, SPY doesn't work like this. SPY is the price of a specific mix of all the companies in it. If it deviates, Large holders will trade in X amount of SPY shares for the individual companies. This is how it remains so close to the actual price of all the companies. The arbitrage is something you can make bits of profit on if youre rich as fuck and have the ability to do this. You can also do it the other way to make new spy shares.
You only owe the difference between spy and the strike of your option multiplied by 100. So (733-current SPY price) x 100= what you owe
I had to have ChatGPT explain the situation with more concrete language for me. Imagine you make this agreement: "I promise that if someone wants to sell me 100 shares of SPY, I'll pay them $733 per share, no matter what the market price is." For making that promise, they pay you $348 immediately. A few days later, SPY is trading for $729. The other person says, "I want to use our agreement." Now you're required to buy: 100 shares × $733 = $73,300 Your brokerage buys those 100 shares for you at the agreed price. That's why your account suddenly shows you owe $73,300. It's because you just bought $73,300 worth of stock. But those shares didn't disappear. You now own 100 shares of SPY. Since SPY is only worth $729 per share, those 100 shares are worth: 100 × $729 = $72,900 If you immediately sell them at the current market price, you receive $72,900. Here's the math: You paid: $73,300 You sold them for: $72,900 Loss on the shares: $400 Money you were paid for making the promise: +$348 Final result: -$400 + $348 = -$52 So when people say, "He owes $73,300," it sounds catastrophic, but it's similar to buying a house with a mortgage. You owe a large amount because you just purchased an asset. Since you also own the asset, your actual gain or loss is based on the difference between what you paid and what it's currently worth, not the full purchase price.
Yeah it's pretty weird that they would let you sell a naked put. You should probably get level four options taken off your account if you don't know what you're doing. Still my comment stands that your total loss is pretty low. You'll just need to call them and they will find a way to settle it on the back end and you'll pay the difference. Which won't be that much as long as SPY doesn't immediately drop by a massive amount
You buy back a SPY put so you weren’t short anymore, up to 15 minutes after market close. The broker selling it early has nothing to do with it other than they knew he didn’t have the cash
731 to 760 on the 29th. why dont you guess SPY 800 by the 29th then
VOO/SPY have been meme stocks for a while now. A massive portion of the us population are permabull without even knowing it due to retirement accounts. And plenty others buy it in their taxable account at every opportunity and refuse to buy anything else.
Yeah honestly they are freaking out but come open Monday they will probably see huge returns. Today SPY walked back a couple days and you know they hate that. They are gonna drum something up Sunday night/Monday morning and homeboy is gonna be rich comparatively. Idk enough to know if they can hold till then but if so 100 SPY is gonna be fine of all the things we see here. Light bag to hold.
You’re failing to grasp he bought SPY and not a cash settlement derivative such as SPX. You get auto exercised before the actual close of market if the option is ITM as it was the case here. If he sold naked then that is a problem as the broker is asking for the 70k deposit to buy the 100 shares of SPY. Your comment also about how “he could’ve closed for a thousand bucks or whatever”. This made me realize you have know idea wtf you’re talking about as he sold the put and collected the premium. How TF would he make additional money on the capped upside you bot, it isn’t a long position it’s a short. You’re not apart of the “1% of this sub” and it shows.
If the put you sold was exercised (which it was), then you now own 100 shares of SPY. It's automatic, so you should check your account positions page again.
I don’t do options but does that not mean you have 100 SPY shares now lmao? Just sell them
Bro probably bought on the spike up. SPY stopped trading in the after market window at 732.11 $0.89 away from net nothing
Just breathe. You’ll be fine. You’ll likely end up losing a few hundred bucks. You got exercised and had to buy 100 shares of SPY. The outstanding balance shows the cost for purchasing the 100 shares. Now that you have the shares, you can sell them on Monday. Depending on what happens over the weekend, you could honestly end up green if we gap up. It’s a big scary number but you’ll be alright
I’m noticing a lot of the big profits coming from SPY trades. (also from DRAM and MU) I want to try, but every single SPY call or put is so expensive! But I guess its true, scared money don’t make money! I just started two weeks ago, so far my biggest return was $142 from a $0.23 call. Like clockwork every time I sell a call/put, it goes up not even 5 min later. Any tips you could share with me that you learned along the way to now?
I think less than 1% of this sub actually knows how options work. He could have closed this out near or even a few minutes after close for a thousand bucks or whatever Now he has to buy 100 shares of SPY at that strike…. He can sell them on Monday for nearly full value or hell, probably make a profit flipping the shares when it runs back up to 760 on the 29th victory over Iran. Maybe he doesn’t have the cash to buy make good on his contract to buy 73k of spy. In which case I dunno, “do it like we did WEN” becomes more of the “do it like we did behind the dumpsters at WEN”
It was a 0dte put option that expired on thursday and I don't see any 100 shares of SPY on my account. I will call this fucking broker tomorrow.
If SPY goes to 0$ we’re all fucked
if SPY goes to zero we’re *ALL* fucked
You're obligated to give them 100 shares and they will give you 100x whatever the strike price is for the shares. So you aren't in debt 73k. The value of the contract at expiration is just 100x(Stock Price - Strike price). Looks like SPY is 728.99 right now, so you actually only owe $401 to settle the difference.
sell the SPY shares and pay them back asap
You know he's going to be fine. He's just required to own 100 shares of SPY because he sold a put contract which exercised. A put is an option to sell something, and since he sold an option to sell, he has to buy it, but it's not like he's out 70K - it's just the additional amount he needs to deposit to cover the cost of buying 100 SPY at the strike price, but he will end up with 100 SPY stock that he can just sell for a few hundred dollar loss.
Considering after hours SPY closed at 732.11 and it was a 733 put. OP might be out less than $100. Considering OP is using RH, he def had the capital to cover losses, so he will just be out whatever the gap between after hours close and pre market open. If I am remembering correctly. Dude is out $500 max unless the market gives out.
I dont see 100 shares of SPY bro, it was 0dte contract that expired on thursday. I need to call this fucking broker.
Just sell the shares back. Now you own 100 shares of SPY but you only covered like $3k of the $73k you owed so still owe $70k. So just sell the shares back when the market opens. Or call the brokerage and tell them it was a woopsy and they might just undo it for you.
Well, congratulations, you now own 100 shares of SPY. Sell em as soon as you can. Looks like you'll take a bit of loss, after counting your premium. Not too expensive of a lesson. But enough to put the fear of God in you for a while. Also, don't use a shitty broker, switch to Schwab or Fidelity at the least.
This reminds me of the guy that did options on Robinhood and he thought he owed hundreds of thousands and decided the best course of action was to delete himself. Seriously if the OP was going to make this kind of screw up SPY is the best thing to do it with.
It was a 0dte put option and as far as I know there isn't a 100 SPY contract on my account. I also only have 2000 USD cash account so I didnt know what happened.
Congrats on your 100 shares of SPY
This was a 0 DTE 733 put option for YESTERDAY 260625 and SPY closed between 734 and 735 so congrats the put you sold expired worthless. Idk how youd be assigned but if so worst case you’re only looking at a couple hundred loss worst case since it’s spy, not SPX
Why does anything dropping by 700 points matter here? He sold a 1 733 strike Put for SPY that expired today, which means he had to buy $73,300 worth of it which is about the amount he owes now.
SPY 11/30 600P looks tempting. Even stacking a few throughout the IPOs 🤔
SPY is at $729. It’s literally a $4x100 loss if OP sells Monday am. Not bad at all.
It's actually not that bad, really he's only on the hook for the difference between 733 and whatever SPY will be at when he's able to sell x 100 shares. That's probably like 400 USD. His brokerage should have automatically closed his position instead of letting him take assignment for $73k USD worth of shares.
Just sell the SPY you were assigned.
This is horrible advice. Just sell the 100 shares of SPY on Monday. It’s really not a big problem.
On a positive note, you own 70 shares of SPY.
You're fine, you'll have 100 shares of SPY that you can sell or your broker will automatically sell for you
You don’t need 73k really. You need to buy 100 shares of spy at $733 as that’s the contract you sold. What generally happens when you don’t have the funds to cover, the broker will close out the option early to protect you. You’ll have to buy 100 shares of SPY at 733 to fulfill the contract. Then you can immediately sell the shares of SPY to recover that 73k. Spy looks to be around 729 so you’d lose 400 in that case. You did get a premium of $348 for selling, so really as it stands you’re only down $52. You could end up positive/negative based on how your broker handles it, and the price of SPY when they resolve it for you. Based on the text you probably now have 100 shares of spy in your account. You have to sell them to cover that deficit.
Sell the SPY shares. It’s not as bad as it looks
1 contract is the obligation to buy 100 shares of SPY. Usually puts are sold when they are cash secured. So you must've had 70k portfolio or buying power value. If you didnt, you sold a naked put and need to deposit money to own 100 shares of spy.
Alright this is it guys, It's time to make a decision. I have about 10K in cash that I'm going to put into an IRA. Do I buy SPY calls that are like a year out, or do I buy TQQQ shares. In both of these occasions I would be waiting for a dip.
SPY waiting until options trading was over to dump is still pissing me off 🙄 you couldn’t have done that at 3:30? 3:40 even?!
Speaking about SOFI holy shit remember Chamath and his SPACs? SPCE -98.54%, OPEN -60.02%, CLOV -46.96%, SOFI is the only one with a positive return at 71.47% since SPAC but remember it took over 2 years to even go back over the default SPAC price of $10. If you bought SPY instead of SOFI you would be up 128%.
The one that stands out to me most was when I first got Public about a month or 2 ago, I noticed that it was either VBIL or SGOV after market closed it claimed the stock jumped .10 to .15 cents a share which would be astronomical. It increased my total unrealized P/L to match, but checking another brokerage it was still at the same price as close. The next day, it dropped back down to the previous day price. Also, just clicking right now on the S&P 500 Index there is no "daily recap" regarding what the price movement was about and that's what I was mentioning that about. SPY as of right now also doesn't have it either, but I see it on various other stocks/ETFs.
wtf is that $SPY sudden drop near closing time, its like bear's erection
My prediction of SPY 776 on the 4th of July seems unrealistic today.
Anyone see the final minute candle on SPY at 716?
Again, you're not sticking to any facts, you are proposing that insiders sold enough stock to bring the SPY down like half a percent as the market was closing. You have no understanding of how much capital would be required and are conveniently overlooking the massive index rebalancing to support your stance. Not everything is a conspiracy.
#In the last 8 trading days SPY had 6 red days LMAO🤌
SPY is not even 4% from ATH and people be saying stuff like this
When you buy a contract, your break even point is the strike price plus premium. So eg if you buy SPY $730 puts for $5.00, your break even will be $725. If SPY closes at $728, you’re ITM but still lose money overall. Most options expire worthless, and depending on your entry point even more expire at a loss even ITM. Do with that what you will.
David “contrarian cuck” Hunter told me to buy SPY $1000c
The inverse ETF route is the worst version of this for the reason already noted, vol drag compounds against you the longer you hold. If you want a fixed budget crash bet, the structure that actually does what you want is a defined risk long put or put spread on SPY or QQQ, where your maximum loss is the premium by construction and nothing decays past it. A flat long put still bleeds theta and IV though, so if you are paying for the move and not for insurance, a put spread or a put ratio cuts the volatility and time cost a lot. And size it as a hedge ratio against what you already hold, not as a standalone 100k coin flip. The naked directional bet on timing the crash is the part most people get wrong, the structure is the easy part.
Why is there such a big disconnect between $SPY and the S&P index today? WTF...or is CNBC fucking with my head?
God just print my MSFT and SPY calls
MSFT going red means inverse SPY.
That was because of end of quarter rebalancing. The SPY closed way lower than the S&P500.
Which means SPY $750
War kicked back off on Friday after market close. New peace deal reached Sunday night. SPY opens +2% on Monday
We are opening 2-3% down on SPY if there is any further escalation. Market is already in extreme fear category, so further ceasefire headlines won't work anymore.
funny thing is it did not print on SPX, just SPY
Any idea what happened with that last minute devil’s dick candle on SPY? I logged out at 8:30 and just saw that bastard.
Some actual dark money sold off an absurd amount of SPY near eod. Like tens of billions of dollars in a single trade.
That daily candle on SPY 🤡🤣🤣🤣🤣
Wow, I wonder if anyone sold because they knew the strikes were going to happen before they happened hmmm, checks SPY chart, I wonder…
Holding SPY $731c, $735c expiration On 6/30/26. Hope by then The Strait will be closed and we will moon
WEN holding steadier than SPY 👀
Did SPY really hit 716 for a second?
BREAKING: The US military is currently conducting strikes in the area of the Strait of Hormuz, per US official. See nobody gives a fuck anymore - SPY up huge af and new all time highs next week IWM absolutely SOARING
I love how SPY doesn't even give a fuck about the war anymore
What the hell was that final SPY candle lmao. $17 blip is crazy work. Also lost my bet cause they really benched Haaland whole game. Vegas cooked 1+ from both leading strikers. 😭
Nah man peace deal Monday morning SPY +1%
Is the 1 minute wick on SPY correct for the end of the day? Wtf happened
🥭 starting shit with Iran so he can reprogram the Algos to pump on a headline again. CLASSIC SPY 800 by July 10th
SPY shitting the bed after hours 🤡🤡🤡
oh shit i accidentally executed a sell order for 5 trillion dollars worth of SPY at close
SPY says someone knows something bad coming up. And MM says fuck off from my options chain. Next Monday is death.
They close all 0dte options at 2:45 if you don't have the funds to cover execution, it's in their policy which you agreed to when you enabled options trading. That being said, their support is very solid and they'll give you exact ask-bid spread at the time of sale with timestamps to prove you didn't get uberfucked. There are a bunch of other platforms that don't do the auto-close that early, some do on the hour and some do 15 minutes later when SPY options trading actually ends.
SPY opens at 700 and QQQ at 670 on monday. Don't be a regard and ape into calls, give it 2-3 days for IV to calm down.
How did SPY close -.72% but SPX closed -.03%.
Good job SPY, now we get another weekend of constant rambling about rotations, bubbles and gaps down
Was scalping .20 on large size SPY and SPX and my brain was fried by the end of the day and all it took was one-two bad ones to reverse 15 trades lol. And yea sure use a stop loss, then u gotta deal with stop loss raping and it bounces right back, u get stopped out -20% 5 times in a row but the trade woulda been green if u didn't have a stop, at the end, quality over quantity
If youre on Robinhood, switch the graph over to candle instead of line on SPY and youll see a similar chart pattern between the two
*(WSB tries to find a pattern for SPY)* * Day 1..........Red 🟥 * Day 2..........Red 🟥 * Day 3..........Red 🟥 * Day 4..........Red 🟥 * Day 5..........Red 🟥 * Day 6..........???????
That last SPY red candle is kinda crazy, especially since it’s not showing on SPX. Someone is doing some funky stuff
That SPY candle made me feel alive again! I love large scale manipulation
I've never seen a candle like that last minute drop on SPY in my history of messing with markers. Welcome to the Greatest Depression
SPY bounce hard AH now
Door dashing and putting it all into SPY is definitely a higher return than trying to time this garbage I quit
Poor intern at SPY tripping over the cable just before close...
SPY is going back to 650 pretty soon then.
So if SPY goes to 740 on Monday I can retire 🧐
OK yeah that last minute red candle on the SPY is bizarre LOL Candle went as far down as average SPY price on 04/30...