Buried in Reddit, the Seeds of Melvin Capital’s Crisis

ElCubano said:
out papi 100% overnight on 2000 shares
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It's $19 now, I had a feeling you jumped out too quick. Just because its cheap and the Robinhooders can buy more shares. Oh well, bird in the hand. Can't blame ya.

Those $7 calls were $0.30 yesterday at the close.

30 contracts were $900 yesterday.

$36,000 today.

I bet some of the Merrymen wish they'd done that instead of buying 200 shares for $1000.
$2800 score on $1000 is not bad.... but $36,000.... wow.
Honest to god I wish I'd have looked at this thing yesterday.

Someone did it.
Open interest is 77,000 contracts.
Do the math on that.

There's gonna be some SICK puppies out there.
 
It's $25 now....

quick math on those 77,000 contracts....

roughly $200,000,000 loss on one strike.

Yeah.... I don't know, this could snowball... FOR REAL.
 
zghorner said:
I woke up +$60k on a $7k AMC position I took a few days ago...pays to be early i guess you fuckers buy in so i can hit $100k in a day that would be real cool.
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Hey if you woke up at 8:30 which was when you first posted and you were up $60K.... that means you had 6000 shares. It closed at $5 and was at $15 at 8:35 EST.

It was at $25 when you posted that. You should have had $120K.
Just sayin....
Sure your being 100% honest with us here?

Maybe I missed something.
 
vanzandt said:
Hey if you woke up at 8:30 which was when you first posted and you were up $60K.... that means you had 6000 shares. It closed at $5 and was at $15 at 8:35 EST.

It was at $25 when you posted that. You should have had $120K.
Just sayin....
Sure your being 100% honest with us here?

Maybe I missed something.
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Options my man
Jan '22 $5 (20 contracts) calls and June '21 $2.5 call (10 contracts)
 
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