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Started By
Message
Posted on 1/27/21 at 11:06 am to Upperdecker
quote:
ow you feeling UD? Still Diamond status?
Negative I’ve taken profits. Letting some ride. It was the right time for me
Smart Move, nothing wrong with taking some profit
Posted on 1/27/21 at 11:07 am to greygoose
quote:
$10K investment in August, would be worth about $910K today.
Holy shite
Posted on 1/27/21 at 11:07 am to cgrand
Apparently the ITM calls are now being sold for below parity (less than their intrinsic value). People who are long calls don’t want to/can’t afford to exercise the calls. So now they’re trying to dump the options and there’s an EXTREME imbalance.
I’ve never seen anything like this before. Just heard Pete Najarian say that he’s never seen this before either.
I’ve never seen anything like this before. Just heard Pete Najarian say that he’s never seen this before either.
Posted on 1/27/21 at 11:10 am to barry
I'm still holding. Got 2 options contracts that expire Fri, and I'm still holding. 80 strike and 110 strike call.
And still holding.
Posted on 1/27/21 at 11:11 am to KickPuncher
The concern trolling on CNBC is out of control
Posted on 1/27/21 at 11:11 am to KickPuncher
Saying it now, Thread of the year!
I like this stock
I like this stock
Posted on 1/27/21 at 11:13 am to Jag_Warrior
Jag warrior can you explain what that means for the rest of us?
Posted on 1/27/21 at 11:14 am to HardHat
Taking my profits completely on GME now. Market interference is past my level of DD, and I can’t predict which way it’ll turn now. But there’s a number of high level factors including calls selling for less than intrinsic value, the TDA restrictions, crazy margins, all the calls from Wall St to disrupt the trading through the legislature. I’m concerned that trading could be halted long term and that GME will open it’s shelf offering, in addition to those factors above
We’re now at the level where nobody knows what will happen, and it’s trade truly at your own peril now
We’re now at the level where nobody knows what will happen, and it’s trade truly at your own peril now
Posted on 1/27/21 at 11:18 am to amgslg
quote:
Jag warrior can you explain what that means for the rest of us?
Calls that are ITM mean they could be exercised for shares and provide a level of profit right now. Normally those calls will sell for that level of profit (intrinsic value), plus a margin on top for the possibility of it running further. Jag is saying these calls are selling for less than the intrinsic value because they buyers can’t afford to exercise the option and buy the underlying shares. Bc of this gap, we could see the stock move in any direction bc of a lack of ability to buy the underlying. I’d imagine this is like a gamma squeeze downwards possibility
Posted on 1/27/21 at 11:20 am to Upperdecker
This Chamath Palihapitiya interview is fricking fire.
Holy shite he is not holding anything back. This dude knows his stuff.
Holy shite he is not holding anything back. This dude knows his stuff.
Posted on 1/27/21 at 11:22 am to Chucktown_Badger
What’s he saying?
Posted on 1/27/21 at 11:22 am to greygoose
quote:I get the sentiment but that wasn’t exactly a safe bet in August
A $10K investment in August, would be worth about $910K today.
Posted on 1/27/21 at 11:22 am to Upperdecker
quote:
Jag is saying these calls are selling for less than the intrinsic value because they buyers can’t afford to exercise the option and buy the underlying shares.
At the end of the day, people are in it for the money, no matter which side you’re on.
Posted on 1/27/21 at 11:22 am to UnluckyTiger
quote:
What’s he saying?
I can't eloquently capture it, but this dude is fricking smart and is just roasting them. I'm sure it will be catalogued somewhere.
Posted on 1/27/21 at 11:24 am to UnluckyTiger
CNBC keeps trying to set a narrative of retail investors simultaneously being in the wrong but also being the victims. He keeps going back to the fact that these hedge funds have been manipulating the market for years and it’s finally biting them.
Posted on 1/27/21 at 11:24 am to Chucktown_Badger
Chamath is incredibly intelligent, but also is very openly in favor of the common man and very anti-Wall St. He’s a really good champion of the people as far as Wall St goes, and I’m a huge fan
One of his big initiatives has been putting out high quality SPACs. And of course he makes a ton of money on these things, but the biggest difference between a SPAC and an IPO is that Wall St doesn’t get their protected buying session in a SPAC that they get during an IPO release. And that protected buying session for IPOs generates a ton of profit for Wall St, since they buy in low, then hype up the stock for retail, then lay the bags on retail
One of his big initiatives has been putting out high quality SPACs. And of course he makes a ton of money on these things, but the biggest difference between a SPAC and an IPO is that Wall St doesn’t get their protected buying session in a SPAC that they get during an IPO release. And that protected buying session for IPOs generates a ton of profit for Wall St, since they buy in low, then hype up the stock for retail, then lay the bags on retail
Posted on 1/27/21 at 11:24 am to Huge Richard
What's crazy is you just never know what's going to hit. I saw a guy telling everyone to buy 2/19 Macy's calls at 20 for .20
I just threw out 40 for 2 contacts.
This morning it was $580. I cashed out.
$540 profit from 40 in two days. The market is nuts this week.
I was looking for 80 profit.
I just threw out 40 for 2 contacts.
This morning it was $580. I cashed out.
$540 profit from 40 in two days. The market is nuts this week.
I was looking for 80 profit.
Posted on 1/27/21 at 11:24 am to Upperdecker
quote:How do we know that this isn't just another market manipulation tactic they are pulling out on us?
Calls that are ITM mean they could be exercised for shares and provide a level of profit right now. Normally those calls will sell for that level of profit (intrinsic value), plus a margin on top for the possibility of it running further. Jag is saying these calls are selling for less than the intrinsic value because they buyers can’t afford to exercise the option and buy the underlying shares. Bc of this gap, we could see the stock move in any direction bc of a lack of ability to buy the underlying. I’d imagine this is like a gamma squeeze downwards possibility
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