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Major indexes down ~3%. I'll take any green I can get.
That's not a hedge, that's doubling down because he didn't expect prices to increase. If it was a hedge, he wouldn't have lost so much money.This quote is hidden because you are ignoring this member. Show Quote
Like I said. When you are short, you lose money when prices increase. When you sell a call option (doesn't matter if it's OTM/ATM/ITM), you lose value when prices increase. Now, if his OTM calls did not move ITM, he would have been able to use the premiums to partially subsidize the losses on his short position. That doesn't mean that he de-risked his shorts. Unfortunately for him, that wasn't the case.
JaRule's going on CNBC soon.
Last edited by The_Rural_Juror; 02-01-2021 at 09:58 AM.
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
HahahaThis quote is hidden because you are ignoring this member. Show Quote
https://www.reddit.com/r/wallstreetb...r_is_so_fetch/
Poet technologies keeps climbing steadily
Agreed.This quote is hidden because you are ignoring this member. Show Quote
How is JaRule involved?
He's a financial expert who would have been able to explain why selling a call option is not a hedge for a short position.This quote is hidden because you are ignoring this member. Show Quote
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
Ouch... lolThis quote is hidden because you are ignoring this member. Show Quote
TRJ mixing in some real talk down in there!!!
My apologies. /busterThis quote is hidden because you are ignoring this member. Show Quote
Here's a thought. If the product is free, then you are the product. We're the product of beyond.ca. Therefore we're all rage2 and kenny's babies.
Last edited by The_Rural_Juror; 02-01-2021 at 10:29 AM.
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
I heard Reddit is investing in Bre-XThis quote is hidden because you are ignoring this member. Show Quote
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I've been calling them daddy for a while now.This quote is hidden because you are ignoring this member. Show Quote
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You're my favorite, #44748.This quote is hidden because you are ignoring this member. Show Quote
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Lol ok 08. I’ve been a Kenny fan since 02.This quote is hidden because you are ignoring this member. Show Quote
Anyone manage to jump on the XRP train this morning? I saw GME dip, but I'm still waiting for "funds to settle" This is what I get for getting on wealthsimple too late.
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I woke up to a price alert and saw that I had missed the pump completelyThis quote is hidden because you are ignoring this member. Show Quote
I can eat more hot wings than you.
Was feeling good about my paper hands on THCB until lunch, missed out on $2 You still holding @vengie ?
Bought some more GME at $218.
Possible news for APXT this week : https://twitter.com/prettysmile_b4u/...63423499153413
Last edited by phreezee; 02-01-2021 at 03:08 PM.
Grabbed some more ipoe on the eod dip... also grabbed expr at $5.11 and sold feb $7c for $1.65 for a cost base of $3.46... see how that goes
The Wolf approves of AMC!!! Hold the line, short contracts expire today to Wednesday! Hold the line!
https://www.instagram.com/tv/CKwyspP...=1hr4ujcwys5nq
*This is just opinion, entertainment and not to be regarded as financial advice...
Last edited by Dirty_SOHC; 02-01-2021 at 03:17 PM.
I jumped into some PLTR right before close as it dipped a bit and triggered my limit buy order. This probably means PLTR will go down tomorrow.