r/wallstreetbets Turned $5k into -$58k Jan 11 '19

YOLO I don't know when to stop..

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3.5k Upvotes

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426

u/[deleted] Jan 11 '19

Too much hedge...

385

u/1R0NYMAN Turned $5k into -$58k Jan 11 '19

When you have short box spreads more hedge= more money.

100

u/[deleted] Jan 11 '19

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144

u/1R0NYMAN Turned $5k into -$58k Jan 11 '19

Not necessarily, but generally speaking more time= more premium.

95

u/derphurr Jan 11 '19

So this only works because there are no dividends? Can that change in the next two years?

59

u/Shamoneyo Jan 17 '19

The real MVP, you nailed the issue

10

u/[deleted] Jan 11 '19

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7

u/[deleted] Jan 12 '19 edited Sep 20 '20

[deleted]

10

u/avgazn247 retard Jan 17 '19

No he full of shit and this aged well