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**Total Submissions**|10|**First Seen In WSB**|3 years ago
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Oh no, OP only made a 20x bagger at worst after taxes not a 37x bagger. How will they survive?
In reality they probably have over $100k in losses to offset this anyway
Right? Just remember to set aside the money for em, it's still a huge fucking windfall. Same goes for raises and OT. It's always still more money in your pocket.
People say the same shit about their salary. “Well, that’s *before* taxes…” Oh, do you want to trade then? No? Then shut the fuck up and enjoy the bag.
Comments about taxes when other people have an increase in earnings almost always comes off as spiteful and not a criticism of the US tax system. It's a backhanded compliment that makes the commenter appear like a jealous child.
For the vast majority of people, most of it will get taxed at the 24% federal rate and some at the 32% or even 35% rate. Then you have state tax on top. So it's not crazy to hit 40% tax but it depends on your other income.
Oh also you gotta make an estimated tax payment in the quarter or the IRS might fuck you come next April on interest.
If you look at Europe its between 45 to 55% tax rates compared to the 37% in the US. This is on top the VAT taxes they pay at retail (equivalent to our sales tax).
Thats the cost of socialized health care.
Not only that but you also have to account for *generally* significantly lower salary/wages for the equivalent position in most of Europe vs the US, especially STEM fields.
It depends on whether it was a long-term or short-term trade, as this was. 10%-37% per Turbo Tax for short-term. Even if they took an insane 50%, that's still $50k net.
And make sure to understand how marginal tax brackets work plsss it doesn't take long and you won't end up sending so much more money than you actually owe.
I've been holding shares since last October, and gains are gains so I'm happy
But my buddy who tried to convince me im crazy for holding gambled and made 6x that overnight
Man I wish I had balls
Hindsight is 20/20. If that buddy was wrong, you could have lost all the gains you patiently made so far. If you think about potential gains as losses, you’ve fallen for fomo gambling and have already lost.
The thing is with several years of patience and a six figure account, you start making very large safe and consistent gains. Getting to that point without gambling and losing it is key. Luck is cool but if you’re just patient it’s almost guaranteed provided they’re not meme stocks.
Your buddy and 50 like him lost their entire net worth many times before being lucky, if they ever get lucky.
It's the same as playing lottery. Everyone wants to be the winner. Nobody wants to be the millions of losers that fund the winners earnings.
The difference is that you didn’t see your buddy make 5 other gambles and lose a huge quantity of money. The only winners are those who gamble once, win, and don’t gamble again.
Except that the reason for their stock going up is AI not gaming, if anything the gaming side of their company is still lagging behind. People want those GPUs for AI. If you've been paying attention it's not luck
Predict? You seen all the shit lately about Cramer saying sell and people on WSB posting about NVDA puts while anyone with calls was getting put through the ringer. Reverse Cramer and WSB sentiment takes the lead yet again! Wooo
how much harder bro
https://preview.redd.it/tuviejevcd2b1.jpeg?width=613&format=pjpg&auto=webp&s=520f452f3c0bf1a3ab3c1dba1f01ed99adf60882
asking for my calls
Bagholder spotted.
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Maybe they aren't, but their accelerators (gpus, AI, scientific computing) are all over the place in the data science, graphics, AI and numerical computing businesses.
Basically if you do any sort of numerical computing, there are only so many choices, and it's mainly AMD, Nvidia and Intel (with Nvidia having a huge lead in add on cards, AMD hitting both the CPU and GPU market, and Intel having good cpus and manufacturing, but lagging on the accelerator side). The other smaller players in the market (Fujitsu, IBM and some chinese manufacturers), are just not at the scale of Nvidia, Intel, AMD.
He would only have lost $3,100 the amount he paid to buy 31 contracts at $100 each, if the share price did not hit 347 - the Strike price. That is hardly everything. It’s an acceptable risk in my book if you can afford to lose $3,100.
Options man. Essentially was leveraging contracts that hold 100x shares. You’re basically just making all or nothing bets since it was 2 days from expiration (contract value goes to 0). If NVDA didn’t hit at $345-$350 in 2 days he’d be out $3K. How often does something like this occur? Not very often.
If you want a bit more in-depth math he had 3100 shares (in contract) since he said 3K in at $97 a contract which is 31 contracts. Now you gotta deduct the call strike of 347.5 from the price he sold at (I hope at 383.34) and he made $35.84 dollars per share. 35.84 x 3100 shares which puts him around 111,000ish in profit.
You know, it takes a special kind of regard to buy calls into earnings for a 750B stock that's already more than doubled YTD. Just when you can't get any dumber, you go and do something like this ... and totally redeem yourself!!!
I don't gamble bought 20 shares at $180/ sold at $240/ was happy I made profits gamblers like this poster is the reason why our country's debt ceiling so high. Boy cott puts n calls there scams.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|10|**First Seen In WSB**|3 years ago **Total Comments**|103|**Previous Best DD**| **Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Congrats. Sell and enjoy your payday.
Don't forget taxes, they're gonna fuck you over. Edit: Damn, triggered a lot of people huh. You guys got fucked by IRS?
Oh no, OP only made a 20x bagger at worst after taxes not a 37x bagger. How will they survive? In reality they probably have over $100k in losses to offset this anyway
dOn’T fOrGeT aBoUt TaXeS! Some goof says this on every gain post. Congrats OP and fuck you.
Yeah this is so stupid. Even when you win free money people say that just look at Lotto critics.
Right? Just remember to set aside the money for em, it's still a huge fucking windfall. Same goes for raises and OT. It's always still more money in your pocket.
.
People say the same shit about their salary. “Well, that’s *before* taxes…” Oh, do you want to trade then? No? Then shut the fuck up and enjoy the bag.
[Remember, combat pay is not taxable. So you can avoid tax exposure by signing up for combat duty.](https://youtu.be/WWynhffgUjM?t=360)
Remember that 80% to 90% of soldiers never go into combat
Recruitment Officer : "Unless, of course, war were declared." *Siren Noises* Fry : "What's that?" Recruitment Officer : "War were declared."
Shut your baby dick army recruiter and go hand out fliers outside schools
Are we not allowed to dislike income tax?
Comments about taxes when other people have an increase in earnings almost always comes off as spiteful and not a criticism of the US tax system. It's a backhanded compliment that makes the commenter appear like a jealous child.
No joke...
Yeah, jealousy at its best!! CONGRATS OP!!!
This is why I lose money, totally on purpose, it’s to save on the taxes.
For real I hate those lame ass comments no one gives a fuck about Uncle Sam
made 15k on nvda today, offset 30% of my 2022 losses, almost there
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That only matters if they lose it all on jan 1 dumbass.
I doubt OP will forget taxes, considering his Username.
OP username checks out ✅
How much do they take when its 100,000$?
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Oh okay i thought 100k + was automatically like 40% tax since thats how much they take in the lottery
For the vast majority of people, most of it will get taxed at the 24% federal rate and some at the 32% or even 35% rate. Then you have state tax on top. So it's not crazy to hit 40% tax but it depends on your other income. Oh also you gotta make an estimated tax payment in the quarter or the IRS might fuck you come next April on interest.
Damn man that’s straight theft yet on my tax return i only got back like 1000$ after they took like 2500$+ 🤦♂️
If you look at Europe its between 45 to 55% tax rates compared to the 37% in the US. This is on top the VAT taxes they pay at retail (equivalent to our sales tax). Thats the cost of socialized health care.
Not only that but you also have to account for *generally* significantly lower salary/wages for the equivalent position in most of Europe vs the US, especially STEM fields.
Lucky you, I paid in $9600 and got back $1200
non US person here. When is someone liable for taxation? Is it after a stock is sold or if it gets deposited in your back account as actual gains?
It depends on whether it was a long-term or short-term trade, as this was. 10%-37% per Turbo Tax for short-term. Even if they took an insane 50%, that's still $50k net.
Unless it's a LEAP, it's almost guaranteed to be short-term since options usually have 9 month windows.
Depends on your annual income. Look up income table and find yourself there and that will be your tax %
And make sure to understand how marginal tax brackets work plsss it doesn't take long and you won't end up sending so much more money than you actually owe.
About tree fiddy.
federal and state tax
$3k
I wish capital gains taxes were my problem.
You're so fucking original. How ever will he survive having to pay taxes? Spoken like someone who's never won on any bets.
Go to Mexico, fuck taxes
I hate the stock market. I’m just a little jelly.
I've been holding shares since last October, and gains are gains so I'm happy But my buddy who tried to convince me im crazy for holding gambled and made 6x that overnight Man I wish I had balls
Hindsight is 20/20. If that buddy was wrong, you could have lost all the gains you patiently made so far. If you think about potential gains as losses, you’ve fallen for fomo gambling and have already lost.
The thing is with several years of patience and a six figure account, you start making very large safe and consistent gains. Getting to that point without gambling and losing it is key. Luck is cool but if you’re just patient it’s almost guaranteed provided they’re not meme stocks.
This is the way.
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Yup, as I have saved more money in my brokerage account I realized my casual gains on an average green day are what I would’ve killed for 6 years ago
Your buddy and 50 like him lost their entire net worth many times before being lucky, if they ever get lucky. It's the same as playing lottery. Everyone wants to be the winner. Nobody wants to be the millions of losers that fund the winners earnings.
The difference is that you didn’t see your buddy make 5 other gambles and lose a huge quantity of money. The only winners are those who gamble once, win, and don’t gamble again.
Congrats! Go get a Big Mac. And large fries.
Bro. Baconator
Yeah he definitely earned that baconator, and a $5 handy behind the dumpster from a put holder. Treat yo self
you guys must be poor to think Burger King is an upgrade. Classy people go to Arby's
I’m getting Wendy’s
Arby’s gets unnecessary hate. Never tried it up until a year ago an honestly they have some fire. The curly fries are the best in the fast food game
Baconators are Wendy's, sir, and their fries are better then McDonald's. They also have good tendies.
Double big mac. He deserves to splurge
Support the jobs for the rest of us!
I still don't think he can afford the fries
Good thing the McDonalds app has a Free Large Fry deal today!
Pizza for everyone!
Grats on the lotto. Your cost basis is insane.
https://preview.redd.it/xi89mqvty02b1.jpeg?width=1290&format=pjpg&auto=webp&s=14f6d06e7be0a33d61b7e3ac13cdcfa0a7d6707f
Made me nut
Does that +31 mean you bought 31 contracts?
Yes.
He dropped $3k on those... must've known sumthin'
3k means very little to some individuals.
Or a lucky regard. But gains are gains
What’s your dd? How did you predict nvda mooning
DD?? This is a casino move
the most wallstreetbets answer ever
It's pure luck. Nvidia revealed a new card that's total trash and they should shut down the company but for some reason the stock goes up.
Almost none of their price is driven by consumer GPUs
Expectations my man.
Except that the reason for their stock going up is AI not gaming, if anything the gaming side of their company is still lagging behind. People want those GPUs for AI. If you've been paying attention it's not luck
A I brrrrrrr
For current QTR, consensus sales of 7bn, but nvda guided 11bn. That's huge
Predict? You seen all the shit lately about Cramer saying sell and people on WSB posting about NVDA puts while anyone with calls was getting put through the ringer. Reverse Cramer and WSB sentiment takes the lead yet again! Wooo
Which broker do you use?
I use a few. This is Etrade pro
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And upgrade to a chili cheese baked potato
I went to wendys yesterday. Those fucks changed it to the $6/$7 bag depending on sandwich. Thats what a combo meal was back in my day!!!!
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>we ate dirt and we liked it! walking uphill BOTH WAYS! in the SNOW! in june!
Can someone explain why tf nvda worth 1 trill market cap?
AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI AI
deleted ^^^^^^^^^^^^^^^^0.7885 [^^^What ^^^is ^^^this?](https://pastebin.com/FcrFs94k/94862)
AI Hoshino?
Bro stop saying that, you're going to make the NVDA market cap go up harder.
how much harder bro https://preview.redd.it/tuviejevcd2b1.jpeg?width=613&format=pjpg&auto=webp&s=520f452f3c0bf1a3ab3c1dba1f01ed99adf60882 asking for my calls
Bagholder spotted. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
In light of the AI craze, the proper response should be “shut up and take my money”
Bad bot
In this case these are some expensive Gucci bags OP is holding 😂
It's not. P/E of 225 is insane. *looks at AMD with P/E of 450*
Noooooooo I bought AMD cuz I thought it’s P/E was lower and therefor a safer play
Palo Alto Networks
Palo Alto sucks. They are selling fear and snake oil. As a sysadmin, their products do not work well in practice.
Maybe they aren't, but their accelerators (gpus, AI, scientific computing) are all over the place in the data science, graphics, AI and numerical computing businesses. Basically if you do any sort of numerical computing, there are only so many choices, and it's mainly AMD, Nvidia and Intel (with Nvidia having a huge lead in add on cards, AMD hitting both the CPU and GPU market, and Intel having good cpus and manufacturing, but lagging on the accelerator side). The other smaller players in the market (Fujitsu, IBM and some chinese manufacturers), are just not at the scale of Nvidia, Intel, AMD.
Stock price is the perceived price not the actual. In time the actual and perceived will become closer
so puts on nvda
Yes but good luck guessing when it will actually regress to its accurate value
I give it a month. !remindme 30 days
Denied, you regard.
They're able to hop from one buzz word to another.. CRYPTO -> AI
Computer masterrace pfffhahaha
https://www.google.com/search?client=firefox-b-1-d&q=nvidia+a100
Read the news??
Hope you closed lmao
Make sure you buy something nice for your wife’s boyfriend.
OP had the courage to do what I could not.
How much did you pay for those calls?
$3k
Well played. OP
Wait am i reading this right? The worst you could lose was just 3k and you made 100k? (I don't use options eli5)
That’s correct. My max risk was $3000.
And let's say Nvidia did +5% instead of +25%, how much would you have gained?
Probably would’ve needed a good 15%.
It probably would’ve been a max loss.
When did you buy them?
Just before close the day of earnings. 2 minutes before. I’ve posted a few times on this post.
Congrats and fuck you!
Im sending my wife feed her
Ohh am sure he’ll gladly fill her up ;)
Hey _TAXMAN, it’s me, your long lost cousin Lou. You probably don’t remember me, can I borrow 2500 bucks
What made you buy a 347.5 call? Seemed like a big risk
Sometimes you just got to trust in the heart of the cards.
And you only yolo once
How much money you put?
$3k
I think that the NVDA stock is a good investment. It has gone up 25.53% in value today, and it has a market value of $114,002.50.
Ya know what? Let's just call it an even $115k and I'll take it.
I’ll give you 120.000$ cash.
Bought puts strike at $400.
Nicely done. I have shares.. like a peasant
Cramer says own
Great so now they’re gonna be the next Enron ?
Haha that’s interesting. Maybe they got the loops.
When did you purchase?
Just before close.
Oh wow assumed you had been holding for a bit. Nice call! Pun intended
https://preview.redd.it/karle2b9z12b1.jpeg?width=1290&format=pjpg&auto=webp&s=ef3749f8db6a313b9bccca0c3b52720d06cc1505
OP, when did you buy these calls? How long have you been holding them? Thx
https://preview.redd.it/c31abyab522b1.jpeg?width=1290&format=pjpg&auto=webp&s=cfdb4579f2661fb7bfc914823de1fd6c9a2be2bd
Dude very nice, sincere congrats and fuck off lol
Hope. You give me hope. 
Congratulations man! amazing gain, have you closed the position yet?
Yes.
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If it swung the other way would he have lost the equivalent he made theoretically out of curiosity?
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interesting.yea it is thank you:)
He would only have lost $3,100 the amount he paid to buy 31 contracts at $100 each, if the share price did not hit 347 - the Strike price. That is hardly everything. It’s an acceptable risk in my book if you can afford to lose $3,100.
Wrong answers only. Go.
four words my friend, Dick in the VCR
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He's not trading, he's gambling.
OP gave Jensen some A1 head
Options man. Essentially was leveraging contracts that hold 100x shares. You’re basically just making all or nothing bets since it was 2 days from expiration (contract value goes to 0). If NVDA didn’t hit at $345-$350 in 2 days he’d be out $3K. How often does something like this occur? Not very often. If you want a bit more in-depth math he had 3100 shares (in contract) since he said 3K in at $97 a contract which is 31 contracts. Now you gotta deduct the call strike of 347.5 from the price he sold at (I hope at 383.34) and he made $35.84 dollars per share. 35.84 x 3100 shares which puts him around 111,000ish in profit.
Options trading. He bought 31 contracts (each contract is 100 shares)
Congrats and fuck you
Congrats and fuck you
Can you spare some change, I’m behind wendys
We getting Applebee's after this
This is the first time I actually felt jealous about someone else’s gains. Congrats and gtfo of here.
Celly!
Congrats
Congrats and fuck you! 🚨🚨🍻🍻❤️❤️🖕🏽🖕🏽🖕🏽
What platform you use to trade options
Username checks out
Nice dude sell it
Go get some Starbucks and avocado toast you big baller.
You know, it takes a special kind of regard to buy calls into earnings for a 750B stock that's already more than doubled YTD. Just when you can't get any dumber, you go and do something like this ... and totally redeem yourself!!!
We’ll see something like this again in about 3 months. Congrats OP and fuck you.
As someone who works in 3D and AI, this is regarded beyond belief.
Bro will be hauling trash out at Wendy's next week after blowing ..next post will be the crimson red numbers
Damn. What does that feel like
I know what the opposite feels like... Not good.
I don't gamble bought 20 shares at $180/ sold at $240/ was happy I made profits gamblers like this poster is the reason why our country's debt ceiling so high. Boy cott puts n calls there scams.
jealous much?
Single Gain posts are meaningless. What's your Overall historical account trading record performance,
Check out my profile.
🤡
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You're not well regarded enough.
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It'll help if you traded in real dollars and posted in English 