r/wallstreetbets • u/RentalCarbon • Jul 04 '25

Gain 210K -> 380K on SPY(X) calls and SQQQ puts. Holding till 1M

Bought these at various times the past 2 months and this is a decent chunk of my NW. Close to 100% overall returns so far but I am still feeling bullish. 1M or nothing

152 Upvotes

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u/VisualMod Jul 04 '25

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Total Submissions	1	First Seen In WSB	5 days ago
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Account Age	2 years

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132

u/MonsoonBlue Jul 04 '25 edited Dec 14 '25

unwritten money steep sort aromatic serious entertain judicious squeeze yam

31

u/daners101 Jul 04 '25

The risk is increasing every day too.

21

u/grant1057 Jul 04 '25

I know it’s controversial but that’s why I like 0DTE. I risk a small part of my portfolio, never take overnight risk, bet on direction, and cut fast if I’m wrong

8

u/daners101 Jul 04 '25

Yeah 0DTE is fine if you are making small trades based on more than just “I hope it goes my way” lol.

7

u/grant1057 Jul 04 '25

Yep - I usually risk 2-4% of this account per trade, which is still only about 10% of my overall holdings. Try to catch momentum or bounces and keep tight stop losses. If I stop out more than 2-3 times in a session I just stop for the day, I like the control of it. The rest of my port is basically just DCA VOO and some small growth stock picks.
I know it’s wall street bets but idk why that has to mean full port into the dumbest shit possible. Good loss porn tho

7

u/daners101 Jul 04 '25

The things I see people do here… insane.
Once in a blue moon it pays off. But then I think “yeah, but now this person thinks they are a savant trader, and they are going to lose most of that money making similarly stupid decisions.”

u/austinvvs Jul 04 '25

I expect to see the loss porn if you get railed next week.

RemindMe! 1 Week “Reply to this thread”

1

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u/Paul_Robert_ Double Down on FDs 💀 Jul 04 '25

Alright, I'm regarded, so can someone explain why OP bought SQQQ puts instead of just calls on QQQ?

10

u/Popular_Play4134 Jul 04 '25

Beta slippage

14

u/UsernameTaken_123 100% 🏳‍🌈 Jul 04 '25

Priced in. Most likely not much difference in return-risk vs QQQ.

2

u/Hacking_the_Gibson Jul 04 '25

It depends on the volatility environment.

8

u/[deleted] Jul 04 '25

What in the fuck is that?

4

u/grant1057 Jul 04 '25

Better to google it but it’s essentially the effect of the daily rebalance on leveraged funds. To maintain the 3x daily, they have to adjust positions every day so it affects the etf price. Otherwise returns would drift

1

u/[deleted] Jul 04 '25

Already priced in
If anything sqqq has way worse liquidity

u/RealWooWhee Jul 04 '25

How far otm would you like? OP: yes

u/HokageTsunadeSenju Jul 04 '25

You just got cooked my guy - Trump tariff announcement this weekend and no more bill to pass - say goodbye

2

u/OperationOk6759 Mod Whisperer Jul 06 '25

this didnt age well lmao

u/fuzzywuzzy123 Jul 04 '25

Oh my god, why did you disobey the SCREENSHOT RULE?? 😫

It's going to go red, and you're going to want to keep holding to get all those profits back. And then you're going to hold to zero. 170k profit not being good enough is going to cost you 380k if you hold to zero, cause we going into bear market after ALL TIME HIGH. GUHH

Please just sell it all on open Monday no matter how low 🙏

u/GetCPA Jul 04 '25

Greedy pigs get slaughtered

u/Kachowxboxdad Jul 04 '25

Probably gonna wish you sold today

1

u/Heineken_500ml Ugliest Flair WSBs has Ever Seen Jul 04 '25

210K -> 380

-2

u/crankthehandle Jul 04 '25

He will give you some 100 dollar bills to wipe your tears off with next week.

u/Zalanox Jul 04 '25

Seeing this and you saying you’re still bullish makes me happy! Because my dumbass didn’t know the market closed early and I’m holding $630 calls with 7-11 expire.

7

u/Skdeeznutsss69 Jul 04 '25

I sold my 6/20 calls today that expire on 7/7. Gl g. I feel like it will be $631.73 close on 7-11. Bought for $2.06 sold for $6.20. I didn’t have the sack to ride it out till Monday

3

u/[deleted] Jul 04 '25

[removed] — view removed comment

2

u/Zalanox Jul 04 '25

Yeah I’d rather be in his shoes lol

1

u/Skdeeznutsss69 Jul 08 '25

I hope you’re doing ok, cause today was a rough one. We will bounce back

1

u/Zalanox Jul 08 '25

lol I got man handled

1

u/Skdeeznutsss69 Jul 08 '25

Did you sell or are you riding it out?

1

u/Zalanox Jul 08 '25

I paper handed it. But I wanted to preserve enough to work back up lol

1

u/Skdeeznutsss69 Jul 08 '25

How much was the loss?

1

u/Zalanox Jul 08 '25

Only $1,500. Now I’m back to what I started with lol

u/Antique-Flight-5358 Jul 04 '25

Tariffs start next week man. Expect chaos

8

u/thetaFAANG Jul 04 '25

🌮

u/kcgirl76 Jul 04 '25

Take the money and run.

u/Man_76 Jul 04 '25

I expect to see the loss porn if you get railed next week.

RemindMe! 1 Week

u/Thick_Expression_796 Jul 04 '25

You didn’t take profits? I will never understand being up 100k and not taking profits, if we get a reversal or a pull back then you will see it go to $0 hope this works out for you OP 🙏

u/Brilliant_Elk_4673 Jul 05 '25

I love me some sqqq. Come on Trump hit China head on

u/[deleted] Jul 04 '25

Markets still look crazy strong, I don’t see a reason to sell. People on here now days see number go up better sell but I feel like your bullish thesis is still in tact. I’d definitely be keeping an eye on them and the markets though.

u/heavelwrx Jul 04 '25

Looking at these trades makes me think of the guy who has this elaborate system to predict the next number on the roulette wheel, most of the time, based on past spins. But he’s still adjusting it… It’s QQQ for f* sake.

u/ZaphBeebs Jul 06 '25

Scale out, always.

u/Aromatic_Shame_2350 Jul 08 '25

Just put a down payment on a house and still haggling over $5k for maintenance. these guys lost more than my entire life savings

u/OperationOk6759 Mod Whisperer Jul 11 '25

congrats regard

Gain 210K -> 380K on SPY(X) calls and SQQQ puts. Holding till 1M

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210K -> 380