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Greataval
Mar 26, 2010

Backcountry posted:

I bought 810 shares of AMC at $4.63 this afternoon

Congrats on doubling your money

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Empress Brosephine
Mar 31, 2012

by Jeffrey of YOSPOS

Dolphin posted:

lmao Jan 29 $9 AMC calls are 15 cents. It's currently pushing 8.50. If you bought 15 bucks worth earlier today and it hits 9.00 by tomorrow morning you'd have 900 bucks.

drat is it still a bad deal at 19 cents per

Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]



Stay the gently caress away from options you loving absolute imbecile goons

Dolphin
Dec 5, 2008

by Jeffrey of YOSPOS
edit:nm i'm an idiot

Red Baron
Mar 9, 2007

ty slumfrog :)

:five:

School Nickname
Apr 23, 2010

*fffffff-fffaaaaaaarrrtt*
:ussr:

Koirhor posted:

what can the SEC do lol, people buying stocks system works gfy

My fear is the big winners on reddit like deepfuckingvalue will be reamed by the feds with no hope bar settling, that loses them all their gains. All to teach the plebs a lesson that despite their elite market pvp, true power is about the influence and connections that money buys.

Koirhor
Jan 14, 2008

by Fluffdaddy

Dolphin posted:

edit:nm i'm an idiot

more shares!

Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]



Dolphin posted:

Which you sell for...

So you'd pay $915 to own 100 shares of $9 stock. You would have made -$15.

Nonsense
Jan 26, 2007

AMC REBOOT

DesertIslandHermit
Oct 7, 2019

It's beautiful. And it's for the god of...of...arts and crafts. I think that's what he said.
8.24 for AMC

Well done.

Stereotype
Apr 24, 2010

College Slice

Skyl3lazer posted:

Stay the gently caress away from options you loving absolute imbecile goons

you're not my dad!

lumpentroll
Mar 4, 2020

dolphin, don't trade options

dex_sda
Oct 11, 2012


Skyl3lazer posted:

Stay the gently caress away from options you loving absolute imbecile goons

Empress Brosephine
Mar 31, 2012

by Jeffrey of YOSPOS
I'm staying away from options :)

My 140 dollar 💵 investment into amc is now 173 nice

Koirhor
Jan 14, 2008

by Fluffdaddy
I got to get the good Coke out for this...the cane sugar glass bottles from Costco

MEGA THREAD RETARD
Jan 26, 2021

by vyelkin
Hi I'm new to your world but you're new to mine

Don't buy options

Omnicarus
Jan 16, 2006

Eat beans, buy stock, make money, buy beans.

Stereotype
Apr 24, 2010

College Slice
okay i clicked the "unlock options" button and just started mashing "option" on everything i could find. just really putting my trackpad to work. just going to town on those optionms

Dolphin
Dec 5, 2008

by Jeffrey of YOSPOS

lumpentroll posted:

dolphin, don't trade options
too late, i spent my life savings. of 15 bucks.

Relevant Tangent
Nov 18, 2016

Tangentially Relevant

Paradoxish posted:

is this just an attempt at a scare tactic or this guy actually enough of a baby to think there's anything the sec can do here

if the sec asks you what made you buy gme you can honestly tell them 'i wanted to kill wall street and throwing away money on the off chance that might happen made me happy' and that's literally as valid a reason as any other to trade stocks
i am not a broker this isn't financial advice etc. etc.

lumpentroll
Mar 4, 2020

Dolphin posted:

too late, i spent my life savings. of 15 bucks.

sell plasma

The Oldest Man
Jul 28, 2003

https://twitter.com/jowens510/status/1354217857790267396?s=20

Now this is pod-racing

Gio
Jun 20, 2005


https://twitter.com/zacharydewitt/status/1354187063101280258?s=21

loving lmao

fknlo
Jul 6, 2009


Fun Shoe

triple sulk posted:

alternatively i could buy a $1400 graphics card on newegg dot com

I'm about to sell one of my 1080 TI's for $450, I should put that in AMC!

Nonsense
Jan 26, 2007


i hope that guy is forced into hiding.

Dolphin
Dec 5, 2008

by Jeffrey of YOSPOS
i just had it backwards though, you buy 5.00 strike options and if it hits 9 you make a bunch of money bing bong

oxsnard
Oct 8, 2003

Skyl3lazer posted:

That isn't how it works. You'd have to pay $900 to exercise the options, and then you'd own 100 shares of AMC.

no he's right you can sell the options before they expire, which is what 99.9% of options traders do

1stGear
Jan 16, 2010

Here's to the new us.
All anyone in this thread needs is buy stock -> sell stock. Anything else is increasingly elaborate ways for rich people to spend their money.

PawParole
Nov 16, 2019

Dolphin posted:

lmao Jan 29 $9 AMC calls are 15 cents. It's currently pushing 8.50. If you bought 15 bucks worth earlier today and it hits 9.00 by tomorrow morning you'd have 900 bucks.

9 dollar calls for Jan 29 cost 15 dollars each. You gotta multiply it by 100.

I bought 3 of those (for February, I’m not an idiot) and I’m down 15 dollars each.

Stereotype
Apr 24, 2010

College Slice

i bought it becuase i hate games and want them to stop

blue squares
Sep 28, 2007

I’m chickening out and canceling my order. I am financially stable and happy to watch from the sidelines

Nonsense
Jan 26, 2007

NONE SHALL STOP WHAT IS COMING

Stereotype
Apr 24, 2010

College Slice

blue squares posted:

I’m chickening out and canceling my order. I am financially stable and happy to watch from the sidelines

lol enjoy your regret coward

oxsnard
Oct 8, 2003

Skyl3lazer posted:

Stay the gently caress away from options you loving absolute imbecile goons

you're the one who doesn't understand them, dingus

The Oldest Man
Jul 28, 2003


squeeze the means of production

im on the net me boys
Feb 19, 2017

Hhhhhhhhhhhhhhhjjhhhhhhhhhhhhhhhhhhhhhhhhhhhhjhhhhhhjhhhhhhhhhjjjhhhhhhhhhhhhhhhh cannabis
putting $20 into amc, gently caress it. also cashapp won't let you buy gme anymore lol

sonatinas
Apr 15, 2003

Seattle Karate Vs. L.A. Karate
sounds like a trading places remake is in order

Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]



oxsnard posted:

no he's right you can sell the options before they expire, which is what 99.9% of options traders do

Yes, but they wouldn't be worth $900, they might be $25 if you're lucky.

Fellatio del Toro
Mar 21, 2009

wonder how many redditors going in on this did it with money that was sitting around waiting for GPUs to come back in stock lol

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Dolphin
Dec 5, 2008

by Jeffrey of YOSPOS
and yeah you can exercise the contract without purchasing the underlying asset

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