3 upvotes, 1 direct replies (showing 1)
View submission: 25k SPY puts yolo (WSBlong)
I have 60 contracts on a few different strikes Apr 30 Puts…I think all this shit is going to hit harder than a lot of folks realize…I hate betting against the market but I’ve been setting up defensively …I’m still eating it just not nearly as bad…
Comment by chuggerbot at 10/03/2025 at 01:36 UTC
2 upvotes, 0 direct replies
That’s where I’m at mentally but I just couldn’t commit to how crazy I think things will be so I shelled out on premium to play it a little safer. I don’t see the market really going “up” even if this is a slightly green week idt it’ll last. I wouldn’t be surprised if we went flat, but flat in a down trend doesn’t make sense to me because you’d need some sense of stability and I only see that happening if there’s just a super coincidence of balance between those jumping in and those jumping out. Leaves me feeling confident we’ll go down at least a little bit. In the down case I see 3-7% more, giving us a strong correction worst case. Or shit goes totally off the rails which I personally think could happen but there’s a lot of dumb shit that needs to happen for that