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1
Posted on 6/18/21 at 12:11 pm to greygoose
250 more 60.99
Posted on 6/18/21 at 12:41 pm to greygoose
quote:
He had a lot to say about how un-level the playing field is between retail and institutions.
Let’s be honest, saying someone with a lot of money has a significant advantage over someone with a little money isn’t very insightful.
I think the real story is determining whether a coop of retail investors with a single objective can compete can challenge any institution.
They’re currently holding their ground. But, any confirmation that the wealth differential is so great that no retail collective can match an institution will create significant unrest. Participating in a feel good movement like BLM is one thing… but realizing your investment account was wiped out as the result of participating in another will really create animosity. Institutional investors might be better off conceding the great meme war of 2021.
Posted on 6/18/21 at 1:06 pm to lsuconnman
quote:Did you watch his interview?
Let’s be honest, saying someone with a lot of money has a significant advantage over someone with a little money isn’t very insightful.
I think the real story is determining whether a coop of retail investors with a single objective can compete can challenge any institution.
They’re currently holding their ground. But, any confirmation that the wealth differential is so great that no retail collective can match an institution will create significant unrest. Participating in a feel good movement like BLM is one thing… but realizing your investment account was wiped out as the result of participating in another will really create animosity. Institutional investors might be better off conceding the great meme war of 2021.
He touched on 2 very real advantages that the institutions have over retail. Execution of orders and their ability to see order information much sooner than retail.
Citadel has already been fined for pushing their orders thru ahead of retail.
Posted on 6/18/21 at 1:07 pm to ItNeverRains
Hold up...did you just buy 600 @ around 62ish for like $37,000? How much did you already have?
Posted on 6/18/21 at 1:14 pm to lsuconnman
quote:
I think the real story is determining whether a coop of retail investors with a single objective can compete can challenge any institution.
If greygoose is right and this turns into a 3-4 digit stock, I hope every institution involved has their names publicly put on blast until the end of time. This retail push for AMC has been the most telegraphed move I can ever remember. If they get caught off guard, they’re more arrogant and ignorant than j could have ever imagined. It would be the financial equivalent of being caught by a sloth.
Posted on 6/18/21 at 1:20 pm to slackster
I could see them getting caught in the trap of, “Holy hell, we are way underwater, and price and value are even more disconnected now than when we initially took our position. We have to hold.”
Posted on 6/18/21 at 1:32 pm to RedStickBR
quote:
I could see them getting caught in the trap of, “Holy hell, we are way underwater, and price and value are even more disconnected now than when we initially took our position. We have to hold.”
It’s not surprising that they’re short AMC, but it would be surprising if they get forced to cover in a squeeze attempt. If they’re completely unhedged they deserve whatever comes their way.
Posted on 6/18/21 at 1:46 pm to slackster
quote:
If they’re completely unhedged they deserve whatever comes their way.
Isn’t that kinda the crux of the whole thing? The belief that market makers have been running roughshod over the market for the last 15 years with little to no consequence or oversight?
It’s like when you’re a kid and your parents go on a trip for a week, you aren’t cleaning up on Wednesday when you know they won’t be home until Sunday. Why bother? And then you get the phone call that they’re passing the state line (GME) and you scramble to try to get everything done. Then they call when they’re turning into the subdivision and you realize you forgot to clean up the back yard (AMC).
It’s possible I’m completely off base, but I’m looking at a movie theater stock that was <$5 a share 6 months ago hovering at $60/share trying to figure out how high it’s going to go.
Posted on 6/18/21 at 1:49 pm to RedStickBR
Question for those with more experience with puts than me...
I think that by December, AMC is worth less than $20 per share.
So I am looking at buying puts for December 17th on the option chain.
Let's use the $5 strike price as an example. If i buy this for $0.29 (price right now), and this stock drops 50% between now and December 17th, what sort of return am I looking at?
What is the right way to play this based on my convections?
I think that by December, AMC is worth less than $20 per share.
So I am looking at buying puts for December 17th on the option chain.
Let's use the $5 strike price as an example. If i buy this for $0.29 (price right now), and this stock drops 50% between now and December 17th, what sort of return am I looking at?
What is the right way to play this based on my convections?
Posted on 6/18/21 at 1:51 pm to I Love Bama
If you buy OR sell naked options (Puts OR calls), you are playing Russian Roulette to put it mildly.
ETA: (on AMC, GME, etc.)
ETA: (on AMC, GME, etc.)
This post was edited on 6/18/21 at 1:53 pm
Posted on 6/18/21 at 1:54 pm to Hussss
I thought options by definition were the option to buy or sell.
I was once knowledgable on this like 20 years ago but have forgotten everything.
I was once knowledgable on this like 20 years ago but have forgotten everything.
Posted on 6/18/21 at 1:57 pm to I Love Bama
Oh, they are. But with the kind of volatility in AMC, you could get absolutely crushed on a percentage basis.
Posted on 6/18/21 at 1:58 pm to Hussss
quote:
Oh, they are. But with the kind of volatility in AMC, you could get absolutely crushed on a percentage basis.
So if the stock price drops 50% I could still lose based on that trade?
Posted on 6/18/21 at 2:03 pm to I Love Bama
Absolutely. Because the stock might skyrocket first, killing your option that you are holding.
Posted on 6/18/21 at 2:08 pm to elprez00
quote:
Isn’t that kinda the crux of the whole thing? The belief that market makers have been running roughshod over the market for the last 15 years with little to no consequence or oversight?
Writing naked calls isn’t illegal or anything, but it’s incredibly risky. Look, I personally think AMC is a pretty shitty example of the “everything that’s wrong with the market” narrative. GME? Sure, but AMC is a pretty run of the mill situation IMO. The entire narrative for AMC is built on this idea that there is hidden tomfoolery, because nothing on the surface is really there.
quote:
It’s like when you’re a kid and your parents go on a trip for a week, you aren’t cleaning up on Wednesday when you know they won’t be home until Sunday. Why bother? And then you get the phone call that they’re passing the state line (GME) and you scramble to try to get everything done. Then they call when they’re turning into the subdivision and you realize you forgot to clean up the back yard (AMC).
Kind of. For believers, I’d say it’s more like not studying at all for your statistics midterm exam and failing miserably (GME), then deciding not to study at all for the statistics final exam (AMC). For naysayers like myself, I think the final exam is open book. The questions have been so obvious snd the answers are right in front of you, so shame on you if you fail again. I also think AMC is much closer to an open book spelling test than it is to a statistics test.
quote:
It’s possible I’m completely off base, but I’m looking at a movie theater stock that was <$5 a share 6 months ago hovering at $60/share trying to figure out how high it’s going to go.
It’s been a very concentrated effort full of believers to get it here, and I’m sure more than a few institutional dollars have helped along the way. I was and remain genuinely shocked by how resilient a large chunk of holders have been. I don’t believe anything is completely settled with AMC, but I also don’t believe hopes and dreams and FOMO can drive it much further alone. Something is going to have to materialize.
Posted on 6/18/21 at 2:14 pm to I Love Bama
quote:
Let's use the $5 strike price as an example. If i buy this for $0.29 (price right now), and this stock drops 50% between now and December 17th, what sort of return am I looking at?
If it falls 50% any later than Aug 28 you’re not going to make any money with the current implied volatility. You’ll lose your entire investment.
If it falls 50% in a week, you’ll make 139%. It all depends
Posted on 6/18/21 at 2:52 pm to slackster
quote:
he $60 and $59 price levels will be interesting to watch. 33.4k and 22.8k open call contracts, respectively.
Posted on 6/18/21 at 2:54 pm to slackster
quote:
If greygoose is right and this turns into a 3-4 digit stock, I hope every institution involved has their names publicly put on blast until the end of time.
No offense to grey goose, but I don’t think anyone really believes he’s right. The question becomes: what if he’s wrong? Occupy Wall Street was an embarrassing hippy fest. Imagine how angry those guys would’ve been if Wall Street took their stimmy checks and mom’s allowance?
Posted on 6/18/21 at 3:06 pm to Yak
sold 1000 yesterday at 62.90
bought it all back today with a late 400 order @ $59 for a 60.30 average.
so up $2600 from yesterday, not counting my core shares bought at 10.
could have been better, could have been worse.
+411k contracts ITM!!!
bought it all back today with a late 400 order @ $59 for a 60.30 average.
so up $2600 from yesterday, not counting my core shares bought at 10.
could have been better, could have been worse.
+411k contracts ITM!!!
This post was edited on 6/18/21 at 3:11 pm
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