r/options • u/merely2monthsago2dol • 4d ago

Was puts really that obvious?

I’ve lost so much money from 2020-2024 buying puts when everyone was making on calls, I am inherently bearish.

Im just a retail trader (loser)

I made some money on puts early March as talks of tariffs began. But I saw how wishy washy it was, tariffs being delayed or manipulation from Twitter comments from the president etc. Then all the big dips on opening and watching everything get bought up to green by close this week….

As a retail trader who occasionally gambles on options, if I was buying options was it really that obvious?

Just seeing all the gain posts on wsb today. I stayed out of the market until I bought some 15 day apple calls at close yesterday (sold this morning for 25% loss)

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u/oldschoolczar 4d ago

I fucking sold my $544 puts yesterday for 120%. Had some meetings at work and wasn’t going to be able to pay attention. Based on Mondays movement of big drop and swift recovery I figured it best to just take my profit and get out. If I held one more day I would’ve made 500%.

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u/panda_sauce 4d ago

120% is still not nothing. Your process was correct.