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re: So I bought some Gamestop(GME)

Posted on 1/28/21 at 4:22 pm to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14581 posts
Posted on 1/28/21 at 4:22 pm to
quote:

Mother of god it's going to be wild. I have legit never seen such volume ITM at expiration

I have a $300 strike expiring tomorrow.

As soon as it gets in the money (please god let it happen) I want to exercise it. E*TRADE stopped allowing new buys of GME this afternoon.

They have to let me exercise the option if I want to... right?
Posted by castorinho
13623 posts
Member since Nov 2010
87434 posts
Posted on 1/28/21 at 4:23 pm to
You mean you want to sell the call to someone else before expiration if you're in the money.

Yes you will be able to do that.
Posted by rintintin
Life is Life
Member since Nov 2008
17058 posts
Posted on 1/28/21 at 4:26 pm to
You want to exercise it? You have $30k to drop on this?
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14581 posts
Posted on 1/28/21 at 4:26 pm to
No. I want to buy the shares.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14581 posts
Posted on 1/28/21 at 4:27 pm to
quote:

You have $30k to drop on this?

I have $30k in a brokerage account, yes.

ETA: I want to sell half my shares immediately and play this into next week with the other half. E*TRADE removing the ability to buy shares fricks that up. My only position is this call option.
This post was edited on 1/28/21 at 4:31 pm
Posted by lsuoilengr
Member since Aug 2008
5430 posts
Posted on 1/28/21 at 4:37 pm to
Wall St tards versus Reddit tards... from what I can gather there is still a fairly large short position these firms are holding. And the Reddit boys are out for blood. They want to send a message. Diamond hands. It will be interesting to see what happens tomorrow for sure
Posted by castorinho
13623 posts
Member since Nov 2010
87434 posts
Posted on 1/28/21 at 4:41 pm to
quote:

No. I want to buy the shares.
Yeah they have to deliver you those shares to you per the contract. Make sure you're in the money enough to cover your premium though.
Posted by Tigerfan56
Member since May 2010
10526 posts
Posted on 1/28/21 at 4:49 pm to
I’m buying GME tomorrow first thing in the AM (if RH lets me). Don’t want it, don’t need it, and will happily ride it to zero. Didn’t care about this aside from spectating from the sidelines but after brokerages actively intervened to manipulate the market today, I’m angry
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11344 posts
Posted on 1/28/21 at 4:49 pm to
me, most of my friends, some family and coworkers are still in and holding. buying some too

gamma squeeze still imminent
Posted by STLhog
Dallas, TX
Member since Jan 2015
19444 posts
Posted on 1/28/21 at 4:50 pm to
quote:

I’m buying GME tomorrow first thing in the AM (if RH lets me)


You should pull your money out of Robinhood while you can or transfer to another brokerage.

Likely protects you and hurts them even further. They're already having capital issues it seems.
Posted by Tigerfan56
Member since May 2010
10526 posts
Posted on 1/28/21 at 4:52 pm to
quote:

You should pull your money out of Robinhood while you can or transfer to another brokerage.

Likely protects you and hurts them even further. They're already having capital issues it seems.


I have options that expire end of February that I don't want to close. Once they expire, I plan to do just that.
Posted by LSUStjames
Member since Dec 2005
3533 posts
Posted on 1/28/21 at 5:02 pm to
i have the overnight price ticker going and it's at 297 right now, ticking up over 300 and back down. Up 52% since the market closed.
Posted by STLhog
Dallas, TX
Member since Jan 2015
19444 posts
Posted on 1/28/21 at 5:02 pm to
290 ask right now.
Posted by sonoma8
Member since Oct 2006
8138 posts
Posted on 1/28/21 at 5:02 pm to
$294

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40996 posts
Posted on 1/28/21 at 5:07 pm to
Guys I’m still just a little shook that Peterffy went full on mask off


Like that kind of shite just doesn’t happen too often.
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 1/28/21 at 5:11 pm to
Me too! His interview needs to be a bigger deal I feel like. We can’t be the only ones who feel this way
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82189 posts
Posted on 1/28/21 at 5:14 pm to
quote:

Guys I’m still just a little shook that Peterffy went full on mask off

There has literally never been an event in the past 10 years that exposed the true "game" we are playing here while at the same time making the most bullish case in existence for crypto, specifically Bitcoin. Not talking about trading of Bitcoin. As long as the supply of money is controlled, the game is always rigged in the favor of the elitist.
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 1/28/21 at 5:19 pm to
Did DFV post an update today? Anybody know?
This post was edited on 1/28/21 at 5:19 pm
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 1/28/21 at 5:20 pm to
another way to say that is "they" are in control only as long as "we" use "their" currency
Posted by Smoke7024
Member since Jun 2010
24073 posts
Posted on 1/28/21 at 5:21 pm to
That is major news and will barely be a blip on the radar overall. Meanwhile, some criminal will get shot and will start riots.
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