r/wallstreetbets • u/LifeIsYoursLiveIt • 18h ago

Loss Lost $7,200 in TSLA... in 28 minutes.

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At 10:19am I placed an order to buy 60 contracts of TSLA $240.00 Put... Was a market order and still didn't fucking place. So I canceled a couple minutes later. I would've made $20k.

At 10:47am I bought 32 contracts of TSLA $235.00 Put @ $279.00 per contract. TSLA skyrocketed ten fucking dollars right after.

At 11:17am I couldn't take it anymore and sold all 32 contracts of TSLA $235.00 Put for an average of $54.00 per contract.

-$7,200 in 28 minutes. Tesla has beaten me down in the equity in my model 3 performance, in the stock market, and now in the form of options. I hate you Tesla.

9.0k Upvotes

95% Upvoted

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976

u/_BreakingGood_ 18h ago

When somebody puts real money into TSLA it gets sucked right out

586

u/MilkyWayObserver 18h ago

When OP loses money on PUTS on a -10% day, it’s time for him to retire (or just gift me the money instead)

22

u/Ihave4friends 12h ago

I shorted some DKNG $31 puts today and they expired worthless 💪

1

u/Deadphilosophers 11h ago

What happens when it expires? You don’t have to buy so that’s no less

1

u/Ihave4friends 10h ago

They literally just disappear the next day haha, no need to “buy” them back at 0

In transaction history it just gives you +1 (or however many) contracts to leave you flat.

285

u/LifeIsYoursLiveIt 17h ago

So I've learned.

It's like the casino. You put in a little money here and there and win off of it.

Then you feel confident, go in big, and get fucking rinsed and kicked out of the casino.

162

u/johnnychimpo7 17h ago

Def user error

335

u/LifeIsYoursLiveIt 17h ago

Oh yeah, I'm a fucking idiot

No doubt about that.

84

u/dDot1883 16h ago

C’mon let’s give this guy all the upvotes, he needs something positive today!⬆️

23

u/shortfinal 16h ago

Is there a reason why you waited to buy those $240 puts when the stock was trading at 270-282 all week?

Dude you lost more than twice what I've made in profits. I've been holding puts for weeks now, but they don't expire for months..

Wth?

27

u/LifeIsYoursLiveIt 16h ago

I had no intentions of trading today. Saw a huge downward momentum on Tesla today. Huge swing and 0dte can make for an exciting morning.

Jumped in, got fucked, jumped out.

Was definitely a morning to be remembered! But it's okay, I will survive. $7k lesson... I will take it.

29

u/shortfinal 16h ago

Well, you missed the train. It was going past the station you were at.

Just a thought, if you see a train moving fast, it's not for you. Get on the ones that are moving slow.

Tesla was at the station all week between 270-285 and you decided to get on while it was racing to the next station.

Turns out that station is only around 240.

I plan to get off around 200 so I made sure the train has a couple months to get there.

You grabbing at some bullet train like those crazy indian tiktok videos lol

4

u/ngjsp 15h ago

200 is my target price too on my jul150 puts. But i took profit today coz it was up 70%. Was hoping to buy back soon. But its bloody today.

3

u/Glueberry_Ryder 10h ago

That’s a nice analogy.

1

u/bartread 12h ago

Yeah, exactly: if you try to catch big fast moves like this as they're happening then you're literally trading what's just happened, and is now in the past, not what's about to happen, and is still in the future... which is inevitably that you're going to get the shaft.

1

u/island_architect 7h ago

At this moment I think he got the point

1

u/acery88 15h ago

ID ten T error

14

u/Calculonx 16h ago

This is playing Blackjack, you get dealt a 10 dealer shows a 6. You surrender.

2

u/ghettodog797 12h ago

It’s only a casino when you do short term options 😂

1

u/asetniop 13h ago

I know it's been a rough day. Do you think maybe a little trip to the zoo would help cheer you up?

1

u/isospeedrix 10h ago

no offense but i wouldn't say 7k is "going in big"

its just a couple months rent for a lot of folks

3

u/dahulk1984 9h ago

Big money for some is $700. Completely subjective. $7k is a lot to me, although I’m down $19k since Inauguration Day, smh.

2

u/LifeIsYoursLiveIt 6h ago

True, $7k is a lot, but measly in the grand scheme of things.

A $7k lesson that will carry me through life. I'm okay with that.

1

u/Ok_Personality7139 18h ago

Ive noticed this lol TT