100k SPY yolo
tomorrow the CPI report will be released and if its bad i think the S&P500 will tank. so Im yoloing 100k in S&P500 puts. if it tanks by 3% or more i could probably turn this into 300k. for those asking why im doing this im simply following my existing strategy which is puts before any major economic news. i have a stop loss about 30% down just in case.
EDIT I POSTED MY LOSS
EDIT for anyone asking if these puts dont print i will switch to calls
EDIT Turns out I was wrong however the stop loss did trigger as I expected a total of 27k lost will post the loss after 5pm UK time. My FNMA stock is up 44% so actually only a 13k loss.
EDIT seriously Reddit cares lol. I knew this could go either way so I set a stop loss. Ive seen bigger losses before.
