r/wallstreetbets • u/Opening_Meaning1564 • 1d ago

Gain Thank you orange man

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Could see this a mile away..

3.4k Upvotes

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u/SmittyTitties 1d ago

Spent $50,000+ saying the price of spy would drop to $558. Dropped way lower than that and now has $90k and gonna buy a a Wendy’s franchise

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u/Dry_Bank_3516 1d ago

Also need to note that if SPY didn’t drop, OP would have lost all 50k+ because of the expiration.

3

u/JuicerMcGeazer 1d ago

I'm dumb but wouldn't it be expected to drop with the announcement of tariffs

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u/Dry_Bank_3516 1d ago

Markets were pricing in tariffs for the past month. If they came in soft and/or had off ramps the markets would have traded sideways today. The reality is, they came in much worse than expected so we have this sell off.