Stock Market/Investing/Day Trading/Speculative Trading Thread

[Faux Sean Callahan]

Open price was $27.35 on those, or $2,735 per contract. Not sure when he got them, but assuming he got them at $2,735, he ponied up $136,750.

Closing trade on those was $65.80, or $329,000 for his lot. Now with the after hours price action, this will go a lot higher tomorrow. Assuming it opens around $200, his lot will easily be worth over $500,000. Volatility will go up, so would not be shocked if it was $700,000 or so.

Holy fuck

 

[That SOB Van Owen]

Holy fuck

Options are a crazy game, especially when you’re dealing with volatile stocks and short expiries.

 

[Faux Sean Callahan]

Options are a crazy game, especially when you’re dealing with volatile stocks and short expiries.

Yaaa options trading just isn't something I've looked into much but in the surface.

I know it seems like a boom or bust kinda world.

 

[hothouse_corn]

I'm sure others can explain this better, but.....

1. Game stop is in a short squeeze. It is common to short a company you think is going down. When a company gets run up and has a large amount of people shorting it the shorts will try to cover. By doing this they have to buy shares at the current price. Driving the price through the roof.

2. My post is about somebody who bought 50 call option contracts on game stop. Call options allows you to buy a stock at a given price ($115) by a given date. Each contract is worth 100 shares. Gme is trading $209 after market. So you made stupid money on this

Thanks for your help Sean. I'll look for a trading glossary so that I can parse it.

I keep reading about Tesla and the short's, and it continuing to rise in value.

I get the gamestop shorts, since their business model doesn't make sense to me. They don't produce anything, or as far as I can tell, have an upside in the internet world.

I don't get the Tesla shorts as much. They are building cars, growing, and increasing their production capacity with what I expect to be higher demand for their products.

At any rate, I'm risk averse and relatively poor, so I'll be happy to just learn about these things. Thanks for the short tutorial.

 

[Faux Sean Callahan]

Thanks for your help Sean. I'll look for a trading glossary so that I can parse it.

I keep reading about Tesla and the short's, and it continuing to rise in value.

I get the gamestop shorts, since their business model doesn't make sense to me. They don't produce anything, or as far as I can tell, have an upside in the internet world.

I don't get the Tesla shorts as much. They are building cars, growing, and increasing their production capacity with what I expect to be higher demand for their products.

At any rate, I'm risk averse and relatively poor, so I'll be happy to just learn about these things. Thanks for the short tutorial.

Tsla is worth 840 billion

Ford is 43 billion
GM is 74 billion

Target 94 billion
Walmart 440 billion

A lot of traditional/fundamental investors look at that and can't understand it. It trades at 1,800 P/E ratio.... It trades at a time sales rate what the P/E should be.

Just when you look at the fundamentals to value a company it doesn't make sense. Musk just has a following and a vision.

 

[Jim14510]

I'm sure others can explain this better, but.....

1. Game stop is in a short squeeze. It is common to short a company you think is going down. When a company gets run up and has a large amount of people shorting it the shorts will try to cover. By doing this they have to buy shares at the current price. Driving the price through the roof.

2. My post is about somebody who bought 50 call option contracts on game stop. Call options allows you to buy a stock at a given price ($115) by a given date. Each contract is worth 100 shares. Gme is trading $209 after market. So you made stupid money on this

What was the premium though. Couldn't find it in the ss.

 

[Jim14510]

Open price was $27.35 on those, or $2,735 per contract. Not sure when he got them, but assuming he got them at $2,735, he ponied up $136,750.

Closing trade on those was $65.80, or $329,000 for his lot. Now with the after hours price action, this will go a lot higher tomorrow. Assuming it opens around $200, his lot will easily be worth over $500,000. Volatility will go up, so would not be shocked if it was $700,000 or so.

It has to crash at some point. Wonder where he put his stop in.

 

[That SOB Van Owen]

It has to crash at some point. Wonder where he put his stop in.

hit 365 in the premarket earlier this morning. Now ~250

 

[ThomOsborneMD]

Hearing same thing may happen with AMC?

 

[Huskersballz]

Hearing same thing may happen with AMC?

Could, but from my understanding the bull thesis with GME and the Chewy founder joining is a lot stronger than anything with AMC.

 

[Alcaus]

Could, but from my understanding the bull thesis with GME and the Chewy founder joining is a lot stronger than anything with AMC.

I think the longterm outlook is much better for AMC than GME.

Both could easily go bankrupt, though.

 

[Drue629]

I was too scared to get into GME, I didn't think it would go this high. I figured they would drive the price up to $50-$60 and then it would crash. It has to be a ticking time bomb.

 

[Snockered69]

It has to crash at some point. Wonder where he put his stop in.

https://www.cnbc.com/2021/01/27/cha...ut-defends-individual-investors-right-to.html

He cashed out this morning and will donate the 500k he made to the Barstool Small Business Fund.

 

[Faux Sean Callahan]

Sounds like Nokia is the next one they are going to run up

 

[iruletheskool]

This crap hit all of my plays, hope they go back to eating Doritos and watching Twitch soon

 

[BingoDingo]

 

[That SOB Van Owen]

The suits are losing their asses on GameStop. At some point they will need to cover. They will take huge losses. Why is it so hard to understand what WSB is doing?

 

[BingoDingo]

The suits are losing their asses on GameStop. At some point they will need to cover. They will take huge losses. Why is it so hard to understand what WSB is doing?

I don't think people are confused at what WSB folks are doing...it's pretty clear...

Remember, WSB folks have to exit their trades also...

 

[That SOB Van Owen]

I don't think people are confused at what WSB folks are doing...it's pretty clear...

Remember, WSB folks have to exit their trades also...

Yeah but they are on the winning side. Price only goes down when they sell to the short sellers.

 

[BingoDingo]

Yeah but they are on the winning side. Price only goes down when they sell to the short sellers.

Lol what? So once they crush the evil short suits and they hold shares of Gamestop at a cost basis of 200 bucks all is well?