Teaches gambling on stocks thread

BigRedBuster said:
When is the split again?
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June 6th I think.  

I know when some splits happen your balance will look all messed up (get that screen shot and start taking off those pants!), but your account will be sort of frozen, if that makes sense.  I had one with an oil company years ago and my account went crazy for about 20 minutes.  But no trades would get executed.  It might be faster now.

10-1 split, so the new shares will come in around 120 dollars, which I imagine will bring in TONS of volume on options.

 
Fru said:
Anyone been keeping up with the GME/Roaring Kitty return?
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I have no idea what's really going on, but that guys seems to know what he's doing. From what I can figure out he basically he bought something like $200M worth of calls that are in the money at any price above $20/share, and if he exercises them the stock price will probably keep trending up...

 
ZRod said:
I have no idea what's really going on, but that guys seems to know what he's doing. From what I can figure out he basically he bought something like $200M worth of calls that are in the money at any price above $20/share, and if he exercises them the stock price will probably keep trending up...
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I keep missing out on the GME boom.  

Maybe next time!!!

 
ZRod said:
I have no idea what's really going on, but that guys seems to know what he's doing. From what I can figure out he basically he bought something like $200M worth of calls that are in the money at any price above $20/share, and if he exercises them the stock price will probably keep trending up...
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I’m in a similar boat. Trying to read thru and put bits and pieces together to understand it. If I understand it correctly, the calls he bought were “naked” and exceed the amount of shares actually available. Apparently he’s scheduled a YouTube live stream for tomorrow. 
 

 
Fru said:
I’m in a similar boat. Trying to read thru and put bits and pieces together to understand it. If I understand it correctly, the calls he bought were “naked” and exceed the amount of shares actually available. Apparently he’s scheduled a YouTube live stream for tomorrow. 
 
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That's been Wallstreetbets, super stonks, et al's gripe for years. How is it possible to buy something that doesn't exist??? If someone exercised options that don't exist it should break the system.

Fru said:
I aped in this morning for one share lol.
 

Might still be time. If he exercises the calls tmrw… the price would most likely go up? I think? 
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I aped at 40 the other day so I barely made anything today lol

 
Fru said:
I aped in this morning for one share lol.
 

Might still be time. If he exercises the calls tmrw… the price would most likely go up? I think? 
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Good question, I don't know!

I mean, the volume alone tomorrow will be insane I would imagine.  

You should have bought a call today!  My day was so bad that I stopped looking...soooo much red.

 
You know what, maybe just wait for GME to get back in the low 20's, which it will.  But some and hold it.  Clearly it is going to be manipulated again.

 
teachercd said:
And the GME crash has begun.  
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