Now THIS is peak WSB...Dude YOLOs $90k on GME weeklies...just learned about call options...

zghorner

zghorner

I am fking crying right now...bought $90k in OTM calls with 2DTE...lost 2/3 value in 1 day lmmfao i cant with this...dude makes @Saltynuts look like a genius.

<blockquote class="reddit-card" data-card-created="1615526991"><a href="
https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Fm31138%252F
">Found out how to buy call options today.</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
 
zghorner said:
I am fking crying right now...bought $90k in OTM calls with 2DTE...lost 2/3 value in 1 day lmmfao i cant with this...dude makes @Saltynuts look like a genius.

<blockquote class="reddit-card" data-card-created="1615526991"><a href="
https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Fm31138%252F
">Found out how to buy call options today.</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
More...

Sorry to see that, but you just donated around $90k to MMs. Try to get out while you can. Today is expiration day, I believe those options will open another 30-40% lower than yesterday closing. Overnight time counts also if the underlying doesn't move.
 
zghorner said:
I am fking crying right now...bought $90k in OTM calls with 2DTE...lost 2/3 value in 1 day lmmfao i cant with this...dude makes @Saltynuts look like a genius.

<blockquote class="reddit-card" data-card-created="1615526991"><a href="
https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Fm31138%252F
">Found out how to buy call options today.</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
More...

saltynuts is one of the worlds foremost experts on calculating IRR.
 
Just love the Wallstreet Bets touts, they give me a laugh. Shorted RKT for a couple of days and made good monies. Got out of our AMC calls and shares yesterday at very good profits too. My only mistake is not entering GME when it was $44.00. I thought about entering then but, I had 3 other trades I put on that same time so, opted to pass on it. Nothing better than trading against retail traders who have no clue whatsoever. These guys are losing their shirts and all their monies and not having a clue what is happening.
 
You must log in or register to reply here.
Back
Top