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Posted on 1/29/21 at 10:11 am to S1C EM
Hedges should cover buying all day. They can't cover too quickly, or the price will go up way too fast. They technically have afterhours and Monday to cover, but their goose will be officially cooked at 3pm today as long as the prices stays above $9. That's the beauty of this. They can buy up until 3pm, with a known loss, or wait and really get hammered after 3pm.
Posted on 1/29/21 at 10:14 am to PotatoChip
quote:They have to buy to cover. They have tons of shares shorted. Buying makes the prices go up.
Why wouldn’t they get rid of these options yesterday when they pushed the price under 7 with a profit?
Posted on 1/29/21 at 10:16 am to greygoose
I thought AMC shorts were expiring next week and GME today? Wrong?
Posted on 1/29/21 at 10:21 am to greygoose
quote:
Hedges should cover buying all day. They can't cover too quickly, or the price will go up way too fast. They technically have afterhours and Monday to cover, but their goose will be officially cooked at 3pm today as long as the prices stays above $9. That's the beauty of this. They can buy up until 3pm, with a known loss, or wait and really get hammered after 3pm.
Good to know. I panic bought at 13.80 knowing what happened with GME three days ago. Thought about it at $60~ and woke up the next morning to $380....
I picked up FB a couple of days ago, too, and getting hosed on it presently. I expect it will rebound, but damn.......I should have just stayed on the damn sideline. 
Posted on 1/29/21 at 10:22 am to greygoose
quote:
They have tons of shares shorted
Will make the stock price go up.
quote:
They have to buy to cover.
Buy stock low, sell high to cover.
Posted on 1/29/21 at 10:22 am to S1C EM
quote:
I should have just stayed on the damn sideline.
Losers complain about their best. Winners go home and frick the prom queen.
Posted on 1/29/21 at 10:28 am to MrJimBeam
quote:
Losers complain about their best. Winners go home and frick the prom queen.
Okay.....? Thanks Mr. Connery.
Posted on 1/29/21 at 10:30 am to S1C EM
Almost back up to 14 again... Slowly ticking up.
Hopefully remains high into early afternoon and then skyrockets.
Hopefully remains high into early afternoon and then skyrockets.
Posted on 1/29/21 at 10:32 am to Lsut81
quote:
Hopefully remains high into early afternoon and then skyrockets.
Crossing fingers. I won't kick myself about it. I shouldn't have second-guessed the $12.50 order, but I'll live with it.
Posted on 1/29/21 at 10:34 am to S1C EM
14.36 now....
Posted on 1/29/21 at 10:39 am to Lsut81
It popped to $14.55 at one point. It'll keep jumping up and down. I guess by 3:00pm we'll have some idea of what's going to happen. Maybe? 
Posted on 1/29/21 at 10:39 am to Lsut81
Chart is looking good for the day. it keeps pulling back and building again. hopefully it will continue through the day
Posted on 1/29/21 at 10:40 am to Lsut81
I didn't think shorts expired? Justg options, no?
Posted on 1/29/21 at 10:54 am to NorthEnd
Still moving steadily up. Past the $14.50 mark
Posted on 1/29/21 at 10:55 am to NorthEnd
quote:Contracts expire today at 3pm Central. Lots of terms being thrown around, but most understand the jist of the message.
I didn't think shorts expired? Justg options, no?
Posted on 1/29/21 at 10:56 am to CajunTiger78
almost 15!!!
Posted on 1/29/21 at 10:57 am to greygoose
Nearing $15...market cap now over $5B
Posted on 1/29/21 at 11:01 am to CajunTiger78
And away we go! Weeeeeee!!!
Posted on 1/29/21 at 11:01 am to CajunTiger78
$15 
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