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  1. #1761
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    Quote Originally Posted by phreezee View Post
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    AMC is the only meme flying today.
    giphy.gif

  2. #1762
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    Major indexes down ~3%. I'll take any green I can get.

  3. #1763
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    Quote Originally Posted by phreezee View Post
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    Andrew left was boasting he was collecting premiums on deep OTM call options. This is before GME broke $100.
    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.

    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.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by ExtraSlow View Post
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    The bots are sowing confusion.
    Hahaha
    https://www.reddit.com/r/wallstreetb...r_is_so_fetch/

  5. #1765
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    Poet technologies keeps climbing steadily

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    Quote Originally Posted by The_Rural_Juror View Post
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    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.

    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.

    JaRule's going on CNBC soon.
    Agreed.

    How is JaRule involved?

  7. #1767
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    Quote Originally Posted by phreezee View Post
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    Agreed.

    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.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

  8. #1768
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    Quote Originally Posted by The_Rural_Juror View Post
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    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.
    Ouch... lol
    TRJ mixing in some real talk down in there!!!

  9. #1769
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    Quote Originally Posted by Disoblige View Post
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    Ouch... lol
    TRJ mixing in some real talk down in there!!!
    My apologies. /buster

    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.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

  10. #1770
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    Quote Originally Posted by phreezee View Post
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    I heard Reddit is investing in Bre-X

  11. #1771
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    Quote Originally Posted by phreezee View Post
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    Agreed.

    How is JaRule involved?

  12. #1772
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    Quote Originally Posted by The_Rural_Juror View Post
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    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.
    I've been calling them daddy for a while now.
    Let's all work on positivity this week.

  13. #1773
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    Quote Originally Posted by ExtraSlow View Post
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    I've been calling them daddy for a while now.
    You're my favorite, #44748.
    ---

  14. #1774
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    Quote Originally Posted by ExtraSlow View Post
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    I've been calling them daddy for a while now.
    Lol ok 08. I’ve been a Kenny fan since 02.

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    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.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.

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    Quote Originally Posted by LilDrunkenSmurf View Post
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    Anyone manage to jump on the XRP train this morning?
    I woke up to a price alert and saw that I had missed the pump completely
    I can eat more hot wings than you.

  17. #1777
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    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.

  18. #1778
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    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

  19. #1779
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    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.

  20. #1780
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    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.

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