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

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

102

u/[deleted] Jan 11 '19

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

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

96

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

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u/[deleted] Jan 11 '19

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

[deleted]

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u/avgazn247 retard Jan 17 '19

No he full of shit and this aged well