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re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft

Posted on 3/23/22 at 10:07 pm to
Posted by MusclesofBrussels
Member since Dec 2015
4998 posts
Posted on 3/23/22 at 10:07 pm to
quote:

Dear Lord man.

Cohen bought GameStop.




That's just great.

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37090 posts
Posted on 3/23/22 at 11:18 pm to
quote:

As long as I sell my call options while the price is over $17, there is no way that this could turn into a net loss


Tell me you don't understand options without telling me you don't understand options.

quote:

$17 calls that expire 4/8 for $1.68 per contract.


Thanks, that works.
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/24/22 at 8:29 am to
quote:

Tell me you don't understand options without telling me you don't understand options.



My strike price is $17.
quote:

A call option is in the money (ITM) when the underlying security's current market price is higher than the call option's strike price. The call option is in the money because the call option buyer has the right to buy the stock below its current trading price.

Seems pretty self explanatory. I'm not even going to say good try on this one. You just really seem desperate now.
This post was edited on 3/24/22 at 8:30 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37090 posts
Posted on 3/24/22 at 8:54 am to
Except for the fact you have to account for that pesky premium. At expiry if its at $17 you will have lost $1.68 per share.
This post was edited on 3/24/22 at 9:12 am
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/24/22 at 9:14 am to
I never hold options til expiration.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37090 posts
Posted on 3/24/22 at 10:18 am to
Let us know when you get out of them. Options are hard to time.
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/24/22 at 10:31 am to
Waiting to see if the price can break $22 and hold by next week. If price gets back down to $17.50, I will probably get out.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
72338 posts
Posted on 3/24/22 at 10:50 am to
How greedy can one be if the current premium on those is $3.68 and you bought for $1.68?

That's a $200 gain per contract by selling now and well over 100% gain. Why risk losing that?

I can only imagine what the premium was worth yesterday when it was $21-$22, bet you regret not selling then
This post was edited on 3/24/22 at 10:52 am
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/24/22 at 10:56 am to
The only regrets are the ones that didn't buy in when I said.

ETA: Like I said, I think $22 gets retested before expiration. If it holds over that then great; more money for me. If not, then I still make a profit. You do realize that this is all play money? I could talk about boring stocks I've been holding since the 90s such as KO and XOM. What fun is that though?
This post was edited on 3/24/22 at 11:01 am
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/24/22 at 12:04 pm to
quote:

How greedy can one be if the current premium on those is $3.68 and you bought for $1.68?

And now it's at $4.10, so what's your point?
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
11320 posts
Posted on 3/28/22 at 2:21 pm to
What’s it at now?
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/28/22 at 3:11 pm to
$12.55 per Option. That's a 650% gain just on my options so far, and I'm the moron
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
11320 posts
Posted on 3/28/22 at 3:24 pm to
Nice!
Posted by Buck_Rogers
Member since Jul 2013
2108 posts
Posted on 3/29/22 at 3:07 pm to
quote:

I can only imagine what the premium was worth yesterday when it was $21-$22, bet you regret not selling then 


Well, I sold my calls today for $1200 per option, so do the math.
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