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    AMZN please. I’ve never felt this terrible about a position. Idk what to do.


    AMZN please. I’ve never felt this terrible about a position. Idk what to do.

    https://i.redd.it/mlkny86nvidd1.jpeg

    Posted by joe_bidens_underwear

    View 48 Comments

    48 Comments

    3. RedditorsAreGoofy on

      You still have a couple weeks. Earnings are around the corner. It could pump

    4. GeraltofRivia7770 on

      You bet $100k on options and didn’t think what to do if they went down? You belong here! Clearly you hold until zero and then post the loss porn.

    5. Desmater on

      Be patient. Today has CRWD outage and Option expiration.

      Next week should be green.

    7. PumpkinWest7430 on

      Bro posting this every day and hope jeffs gonna see this and show some mercy ![img](emote|t5_2th52|4260) FYI HE WON’T

    8. stoic-butthole on

      Don’t worry scro, there are plenty of regards out there living kick ass lives.

    12. someadviceplease4me on

      If you don’t know what to do, you know what exactly to do. Cut your loss, find a new play, grab your sack and soldier on.

      Good luck regard

    13. KTRyan30 on

      Earning is the 1st, I wouldn’t freak the fuck out until then, if they tank on the 1st, THEN freak the fuck out.

    15. QuirkyAverageJoe on

      You wanna know what to do?

      **Close the position**. A -20% loss isn’t too terrible.

    16. gocrazy_gostupid_ on

      I would personally cut it. It’s not really a bad play. But what exactly is your exit strategy? You shouldve set a stop loss at -10% with that much money on the line.. if you won’t cut it at 20% then I’m guessing you’re just going to let it expire worthless?

    17. GeraltofRivia7770 on

      Sell for a loss, buy puts with remaining money, then when Amazon goes up on Monday, sell for another loss and buy calls. Rinse and repeat until all the money is gone.

    19. Monster_Grundle on

      You’re down 20%, that takes a 25% gain to get even. If you’re down 50% it will take 100% to break even. Cutting losses is underrated.

    20. grmayshark on

      Sell them buy 500 shares and sell covered calls until you dig yourself out of the hole. If you believe in the company then owning equity shouldn’t be an issue

    21. Just-Juggernaut3743 on

      The rule is that the stock cannot go up again until you specifically sell your option position at a loss.

    23. hrifandi on

      sell? down 20% on short dated options is almost a rounding error. live to fight another day if you don’t feel comfortable in this play anymore. Also, that probably means you’ve sized up too much.

    24. caprishouz on

      Bro, imagine they announce a dividend? You’ll be cooking![img](emote|t5_2th52|4276)

    25. Sub40IQ on

      Honestly OP with your expiration date you still have a high likelihood of profiting from this trade, AMZN’s numbers are still good.

      I guess the questions to ask yourself are, did anything change with the company’s outlook since I bought? How do current market conditions affect my position? Am I comfortable with the possibility of loosing more?

    27. Infinite-Chocolate46 on

      Those calls weren’t the *worst* choice, but Amazon has been a stinker for the past month. You’re probably better off selling them, but anything could happen ofc

    28. JAWilkerson3rd on

      Jeff Bezos to sell another $5bn of Amazon shares ~ That marked the first time since 2021 that Mr Bezos had sold Amazon shares. The company’s shares have risen by more than 30% this year on expectations that growing demand for artificial intelligence (AI) technology will boost earnings at its cloud computing business.

    30. TAG_Scottsdale on

      You’ve got two weeks before IV and Theta gang pillage your anus at the same time

      You need a ~ 10% move which is doable, but you need an immediate relief rally on Monday or Tuesday. By then you’ll still be down 25-30% though.

    31. strthrowreg on

      You are betting $110K on earnings. Sell this man. Please don’t bet on earnings. Have you not seen how the markets have been behaving? Good earnings stock drops, TSLA moons. Or atleast diversify this $110K on earnings. There is nothing special about amazon. In the broader market, whatever will happen to amazon, will also happen to meta, aapl, goog, nvda, msft, cost, lly, jpm, tsm. Just diversify this. And please, don’t play earnings.

    36. Flimsy-Long-5764 on

      that dip is nothing, should have been there for the Russian Invasion of Ukraine

    39. dimifri on

      yeah being down 20k sucks but it’s only 20%. i don’t remember ever NOT being down 20% on a position at one point. i think you have time but don’t get greedy

    42. JeromePowellLovesMe on

      IMF said they saw economic activity slowing in the US. Unemployment went from 3.2 to 4.1 (so far).

      And you’re buying calls on retailers?

    43. TannerBeyer on

      Bad timing, and in options… ouch I would sell and take the loss before it goes down further.

    44. Makyoman69 on

      What’s wrong. Isn’t your intention to free yourself from the materialistic world and lighten your soul?

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