Investing General Discussion

Jackie Treehorn

Jackie Treehorn

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This guy from WSB bought premarket peak. Loss porn rolling in. Wish I would have sold my 4600 shares at this amount, I didn’t even know it went this high. 🤪



711AC4A6-409A-479C-A4C3-646E9E60C94C.jpeg
 
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Blazin

Blazin

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Tmac said:
This is what the RH interface looks like for $1 Put on GME on Feb 19th:

View attachment 332540

Can you explain what all of this means? Would I essentially be buying these shares to sell at $1 on Feb 19 and somehow I keep today’s profit?
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That is not at all what that means. Your pic shows buying a put (A contract to sell a stock) . So in this case you are buying a contract to sell GME stock as a price of $17 (the strike) at expiration of Feb 2019. This would cost a dollar. Meaning the stock would have to drop to $16 or less at expiration to make a profit.

Many people trade options and sell them prior to expiration, so in your example it could go up in value as GME declines but by 2/19 it will only have intrinsic value if any left. IE is the stock below $17 or is it above. If it is even $0.01 above $17 then the value of this put is $0 and you lose 100% of your investment.
 
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Araysar

Loser Araysar

Chief Russia Correspondent / Stock Pals CEO
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Gravel said:
I mean, people shouldn't listen to Mark Cuban anyway. Similar to DeepFuckingValue and people saying "if he's in, I'm in."

Uh, he cashed out millions already. He's in a significantly different financial situation than you. If Mark Cuban throws a million into it and loses it all, he's still fucking rich. If DFV doesn't sell his remaining shares, he still never has to work again.

If dumbshit Redditor loses $50k, they might be living in their car next week.
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Well, as far as I know, DFV never tried to position himself as an expert or a guru. Mark Cuban is here 2 weeks late, trying to pass off his wikipedia level knowledge of markets as some sort of deep guru insight.
 
Sanrith Descartes

Sanrith Descartes

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I have officially deleted AMC and GME from my watchlist. I have seen this story before and know how it ends. I dont need to watch it in real-time.
 
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TJT

TJT

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What kind of capital/job does that DFV guy have that he was able to tie up $100k+ in a fucking meme trade play for like 1.5 years tho?
 
Blazin

Blazin

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Araysar said:
Well, as far as I know, DFV never tried to position himself as an expert or a guru. Mark Cuban is here 2 weeks late, trying to pass off his wikipedia level knowledge of markets as some sort of deep guru insight.
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Mark Cuban is a grade A dumbass that landed himself by pure dumb luck on the right side of the dot com bubble.
 
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Jysin

Jysin

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I think NASA Huston just welcomed GME back to Earth from the moon.
 
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Araysar

Loser Araysar

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TJT said:
What kind of capital/job does that DFV guy have that he was able to tie up $100k+ in a fucking meme trade play for like 1.5 years tho?
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i think he's just a mid level white collar working stiff in the insurance industry and I think it was 50k
 
Kiroy

Kiroy

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well my claim to fame during this fiasco is buying amc at 5 and selling at 19 for a 4k gain. Jumped into some spacs with you guys yday and will just do that and chill on my play money for a bit
 
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Tmac

Tmac

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Blazin said:
Mark Cuban is a grade A dumbass that landed himself by pure dumb luck on the right side of the dot com bubble.
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lolwat. Cuban was on the forefront of internet radio and is a born sales bro.

He's a dick, but he's no dummy.
 
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