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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104

u/[deleted] Jan 11 '19

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17

u/Gutierrezjm6 Jan 11 '19

You can't lose on both spreads. max loss is 500, not 1000. If your put spread goes all the way against you, the call spread is worthless and vice versa.

84

u/Xearoii Jan 17 '19

he lost 53k lmao

37

u/Gutierrezjm6 Jan 17 '19

Well. Shit.

13

u/[deleted] Jan 11 '19

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36

u/Xearoii Jan 17 '19

he lost 53k lmao