Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

You're such a knucklehead sometimes Fredo. 

[Josquius]

Thats that then, looks like the jig is up for the gamestop gang. Shame.

[Admiral Yi]

Thats that then, looks like the jig is up for the gamestop gang. Shame.

Are you staying the course or cutting and running?

[Josquius]

Thats that then, looks like the jig is up for the gamestop gang. Shame.

Are you staying the course or cutting and running?

Already sold. Profits on all way above what I'd normally expect out of shares albeit not quite the near peak of the first one. Oh well.
Tried to buy back in for a small amount  as I felt I saw a temporary bottom but the buy was rejected.

[Admiral Yi]

GME at $112.61

[alfred russel]

GME at $112.61

I'd be up about $10k if Fidelity had processed my order.

[Admiral Yi]

I'd be up about $10k if Fidelity had processed my order.

You could have bought some puts.  No one to blame but your own knuckleheaded self.

Price of my put just EXPLODED to 1.90. 

[Tamas]

I'll totally FOMO into GME.


At around $20.

[Admiral Yi]

85.01.

Jesus Fredo, why the hell didn't you short this dog?  You really blew it.

[Josquius]

Mark Cuban AMA on the topic:
https://www.reddit.com/r/wallstreetbets/comments/lawubt/hey_everyone_its_mark_cuban_jumping_on_to_do_an/

[Habbaku]

85.01.

Jesus Fredo, why the hell didn't you short this dog?  You really blew it.

[alfred russel]

You could have bought some puts.  No one to blame but your own knuckleheaded self.

Price of my put just EXPLODED to 1.90. 

I think we discussed this before!!!!

The price of options priced in a crash of the stock over the medium term. When I was trying to short, with the price around $350, I looked at buying a one year put with the strike price of $350....It was like $220.

For someone confident that the stock would revert to a more reasonable level but not willing to bet on a timeline for that to happen, the only play was to outright short the stock (with a significant cushion of funds to avoid margin calls in the event it continued its dramatic rise in the short term).

[Admiral Yi]

I think we discussed this before!!!!

The price of options priced in a crash of the stock over the medium term. When I was trying to short, with the price around $350, I looked at buying a one year put with the strike price of $350....It was like $220.

For someone confident that the stock would revert to a more reasonable level but not willing to bet on a timeline for that to happen, the only play was to outright short the stock (with a significant cushion of funds to avoid margin calls in the event it continued its dramatic rise in the short term).

You discussed this before, we haven't.

A one year put was knuckleheaded.  There was no way the price was going to stay inflated that long.

Knucklehead knucklehead knucklehead.

[Admiral Yi]

2/5 put @35 up to $3.26!

[Admiral Yi]

Mark Cuban AMA on the topic:
https://www.reddit.com/r/wallstreetbets/comments/lawubt/hey_everyone_its_mark_cuban_jumping_on_to_do_an/

Tell me what I'm supposed to be looking at.  I see an opening tweet by Cuban than a bunch of spazzy conspiracy stuff.