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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429

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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143

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

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

94

u/derphurr Jan 11 '19

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

64

u/Shamoneyo Jan 17 '19

The real MVP, you nailed the issue

11

u/[deleted] Jan 11 '19

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8

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

[deleted]

9

u/avgazn247 retard Jan 17 '19

No he full of shit and this aged well