1 definition by WSB_GOD
Occurs when you're bag-holding SPY $200 Puts , but the stock market is hitting new all time highs. However, instead of cutting your losses you choose to hold onto your highly unprofitable trade until the options expire worthless and you lose everything.
I bought all these put options right after the market crashed. I just didn't expect Jerome Powell to hit the money *brrrrrrrrrrr* printer so hard. Oh well, I'm going to Diamond Hands these options all the way down.
by WSB_GOD June 15, 2020