come on in the water is fine buddy. Dip a toe while its nice and warm because its not going to last forever. Only a handful of springs are presented to us, we must take full advantage of the opportunity and not let it pass...only to disappear like tears in the rain.
Buried in Reddit, the Seeds of Melvin Capital’s Crisis
- Thread starter dealmaker
- Start date
Just like that, billionaires print money....
See what happens when you have a billion bucks and announce on Twitter your position. You make $500,000 overnight on a $125,000 position
The CEO of Social Capital and former Facebook executive tweeted Tuesday that he bought $125,000 worth of February $115 GameStop call options after asking his followers on Twitter what to buy. Calls are derivatives that give the buyer the right to purchase a stock at a set price. The trader makes money when the stock rises above the strike price. GameStop stock opened Wednesday at $354 per share, up more than 1,550% this year alone.
https://www.cnbc.com/2021/01/27/cha...ut-defends-individual-investors-right-to.html
See what happens when you have a billion bucks and announce on Twitter your position. You make $500,000 overnight on a $125,000 position
The CEO of Social Capital and former Facebook executive tweeted Tuesday that he bought $125,000 worth of February $115 GameStop call options after asking his followers on Twitter what to buy. Calls are derivatives that give the buyer the right to purchase a stock at a set price. The trader makes money when the stock rises above the strike price. GameStop stock opened Wednesday at $354 per share, up more than 1,550% this year alone.
https://www.cnbc.com/2021/01/27/cha...ut-defends-individual-investors-right-to.html
If Brokers dropped GME from marginable, guys selling calls below intrinsic what does the Future hold? We know shorts can’t refuse this red meat, after making good money I refuse to short it. GME was like the fairy godfather I never had growing up.
Wot?
Ya, traders, their primary goal is not to make money but be moralists who need to lecture the world on what makes sense and what doesn't.
OK. You know what is going on, so trade accordingly? I don't see a problem here.
If you go redditt wsb,you see posts by people who are buying 115$ jan 29 calls and asking "what is short interest,what is a naked option ?".
I kid you not.
Ignorance is bliss and maybe necessary for opportunities like this.Im trading small amounts for small gains because i cant relate to psychosis but this has made burger flippers into gazillionaires.
Someone posted their 500$ option buy that hit 110k....theyll be amazing stories coming out in the next few months on these plays.
I jumped on nok@5 and holding it...it was cheap like an option but with no expiration...not much to lose...its what theyre calling YOLO trading!
This is the crux of you being a dumb fucking gay bear. GME drops 80%+ from its high and what you make 80% on an outright short.
Meanwhile the retard that bought GME at $20 is still up multiples of his position.
Last I checked 2x or 200% > 80%. Can you do math?
On the contrary. The golden age of brick-and-mortar gaming stores is over. I am sure the company will survive in some fashion, but they will have to change in a big way to get people to overspend on boxed products they can just get online for less, or download.