Just took entire savings ($89,000) and bought front-month call options on S&P 500

lol

I wish you the best man

Should of went to the casino...

You be crazy...lady luck does favor the bold...lol

Which call options did you buy?

Just sit on apt and lake they should let do well in epidemic

You’ve made a grave mistake buddy. The market is behaving like a binary biotech. Only great news can allow a rebound right now, until then every set of cases reported in the US will drive the market lower. Market bottom over next month is about 22,000. Get back out of those options and stop gambling with your savings.

I think they will pull one more big dip to drive in the fear. Of course it's no lower than a few months back anyway. It will go up huge. I'm thinking Monday. I will be shocked if they don't take the opportunity to roll out Micheal Obama as Bidens running mate. The whole scam of fooling people with fake coronavirus hysteria was to drive down the market, so they can make it appear as though the Dems are our saviors.

It's straight up insanity.

You did fine.

Everyone's contracting Coronavirus and here you are contracting Down Syndrome.

And why is that?
Coronavirus suddenly cured?

It's just getting going here in the US.

Wont be called Fat Fred for long...Starving soon and be dubbed Skinny Fred.

Corona is totally hype, sniffles for most

How did you do that when the Markets haven’t opened yet OP?

History shows that about every 10 years the market gets cut in half, 1987,1999,2008, and now 2020 . Don't try to catch a falling knife with a risky play on call options that can expire worthless. I used to be a wall St broker play the down side with uvxy or vixy . Aww

This is different because the situation is based on fake hype that will soon be realized.

Screenshot your broker. I don't believe you.

No. You have no idea what is really happening here.
This is going to be one painful lesson OP.

This

He couldn’t have bought this morning. The options market wasn’t opened yet!

Calls? Not Puts????????

what is the strike price ??

yo may be right btw...
but it would be safer to wait for a higher low form as confirmation.
Hope it works out for you.....


Id really like to know the strike price ! :p

I hope your right as well I'm heavily invested in the SP 500 index fund lol..

its not really a horrible choice. if the market rebounds, he wins. if it tanks and everything crashes and the virus is real and horrible, its all done anyhow.

i could think of worse plays, i guess.

That's the ticket. Put all your eggs into one basket. They're safer together like that. Yup.

Maybe he put order in yesterday evening...would be cool to see a screenshot of that order though.

depends on if his options are at, in or out of the money...
if he went big wit hout of the money options price would have to make quite a move first.
As price goes up the Vix will go down.
Right now the price is heavily determined by the fear factor (vix).
So if price goes his way, it the value will deflate somewhat as well.

Hope it goes in the money fast.

Whats the strike ??!!

Op = look at me I chug brawndo and run with scissors yay !!!!

Dude get out of that trade they are just now begining to test people . You can buy a 4 bedroom house on an acre out near me for 50 k where the people are country and self sufficient . A much better investment picture a life without a mortgage payment , FREEDOM . Half of ones income goes to support their location choice .

Where you live op? Houses here in Cali are minimum a million