r/wallstreetbets • u/pennythegreatz • 14h ago
Gain 13k overnight on SPY and QQQ puts
Morning all. This is the biggest gain I’ve ever made. Bought SPY and QQQ puts yesterday before market closed, cost for all was a little under $3k. Woke up this morning and made $13k off the news that China retaliated with 34% tariffs (we all saw this coming). I’m still shaking. This is the most money I’ve made. My port is not that big. Happy Friday everyone!
Sorry if photo is blurry. Took a photo of my pc showing the gains. Sold all might reload before JPow speaks in a few hours.
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u/Disastrous-Muffin743 14h ago
What in the 2006 Excel spreasheet is this shit
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u/pennythegreatz 14h ago
LMAO i know! I’m sorry i didnt have time to login on my phone and just took a photo from my pc
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u/Disastrous-Muffin743 14h ago
No prob, congrats and fuck u (i'm jealous)
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u/pennythegreatz 14h ago
Thank you! I’ve been lurking in here for so long and glad that I was finally able to post a gain. Your time will come too my guy!
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u/VanDownByTheRiverr 11h ago
Instead of just taking the screenshot from the PC itself?
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u/pennythegreatz 10h ago
Yeah i was too excited this morning my brain ceased to function. Looking back that is what i should’ve done lmao.
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u/DaStompa 14h ago
He had to take a phone picture of a photocopy of his screenshot because he cannot compute Dont blame him he was born in 2004
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u/Cute-War-4115 14h ago
I’m up about 50% on my TSLA puts that I bought on Wednesday.
No Wendy’s for me!
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u/pennythegreatz 14h ago
Congratulations! You can get a frostee from them as a celebratory treat, that’s what i plan on doing later lmao
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u/byggusdikkus 14h ago
Congrats homie, had a great day myself on the same type of play
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u/DaStompa 14h ago
Yeah me too, dip at about 10:00 and I wimped out with sqqq@45 , could have made another little bit (so far today) but with a friday annoucement later today I'm happy :)
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u/pennythegreatz 14h ago
Thank you bro, sad that a global trade war is unfolding but that doesnt mean that we cannot make money of the stock market. Puts it is for the foreseeable future!
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u/ButtcheekJones0 13h ago
I wish this was me
Transfer didn't clear until this morning, but at least I'm up on Apple puts. Congrats!
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u/pennythegreatz 13h ago
There’s going to be more opportunities until the current admin reverses course. JPow might spark a rally thus sold at open. Couldve made more but im very happy with the gains.
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u/ButtcheekJones0 13h ago
I sure hope so, I just don't know if there's likely to be as big a drop as this morning. I'm lucky I did as well as I did, using the profits from the AAPL drop to get into SPY.
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u/pennythegreatz 11h ago
There’s room but i wouldn’t put all of my eggs in one basket. If other countries follow suit and slap retaliatory tariffs on us, we will drop more. But a lot can happen over the weekend so i’ll just watch from the sidelines.
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u/PuzzleheadedMind7846 14h ago
Good stuff man!! I hope you continue to make more because from here, it gets crazier!
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u/pennythegreatz 14h ago
Thank you! Right, going to load up on some puts. Not a lot but i dont see the market rising anytime soon.
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u/ToadKing808 13h ago
I bought a SPY put two weeks ago and sold yesterday morning. I'm really wishing I held onto it because the profit would be well over 100% today. But oh well still made 50% and got out.
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u/pennythegreatz 11h ago edited 11h ago
I do the same, but better to have realized profit than unrealized profit. 50% is a lot!
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u/OutrageousChance1273 13h ago
Are you shorting?
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u/pennythegreatz 11h ago
Just buying puts on SPY and QQQ.
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u/monstera4747 11h ago
Could you please elaborate on your trade? What was the strike price and buy or sell, etc? Sorry, I am new to this and want to learn.
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u/pennythegreatz 7h ago
I bought puts on SPY and QQQ yesterday before market close, I bought puts that were priced $10 below what the current price was. I got lucky that China retaliated right away and imposed reciprocal tariffs. Im not a financial advisor but i highly encourage you to search on google or youtube on how calls and puts work. Options are a quick way to make and lose money so trade accordingly and manage risk. Good luck!
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u/monstera4747 1m ago
Thanks for explaining your position, appreciate it! Yes, I will do my own homework to understand this better in detail before performing any such trade!
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u/gshortelljr 13h ago
Why can't you post your moves beforehand? Some of us could've followed your lead and made a penny
Instead you just gloat
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u/rioferd888 2688C - 3S - 5 years - 0/0 13h ago
What the fuck is this shit? Did you take it with your 2005 motorola flip phone?
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u/poatao_de_w123 11h ago
buddy sell it before it's too late
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u/pennythegreatz 11h ago
I already sold. Could’ve made more if i held, but happy with the gain. Just watching from the sidelines for now.
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u/VisualMod GPT-REEEE 14h ago
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