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I think you misunderstood. It was meant for those who bought the GME calls, not for those who wrote the calls.
by blackrock 6y ago
I think you misunderstood. It was meant for those who bought the GME calls, not for those who wrote the calls.
- chillacy 6y agoI was more pointing out that even though "More often than not, the calls will expire worthless." is true, the quote refers to the fact that buyers of calls have limited defined risk while sellers of naked call options have unlimited and undefined risk. That's the steamroller.