4 ms·

I got pretty lucky with this stock. Bought at 144, sold at 470 in the last rally. Bought back in at 45, sold at 69 today. Wish I set my limit sell to much highe

I got pretty lucky with this stock. Bought at 144, sold at 470 in the last rally. Bought back in at 45, sold at 69 today. Wish I set my limit sell to much higher, I didn't know it was going to rally so hard again.

xyst 6y ago
paper handing at $69. should have gone with call options. more potential for gainz fyi 167 in the after hours
- locusofself 6y ago
  totally. It was a limit sell from days ago, I was banking on some volatility but didn't think it would necessarily soar again.
- vmception 6y ago
  the options are still too expensive. they are over half the price of buying the shares and they’ve been up to 90% of the share price. I actually love how the option spread sellers havent said anything and been flying under the radar but making the most week after week
  - mizzack 6y ago
    IV shot to like 900% this afternoon. e.g. 3:37PM, $GME trading at ~$73. 2/26 $80c were around $14. Which would you rather have? ~19 shares of GME @ $168 = $3,192 currently 1 2/27 $80c @ $168 = $1400 premium + $7400 intrinsic = ~$8,800 currently I know which one I would grab, so long as you could promise me it would keep going up :)
    - vmception 6y ago
      always compare 100 shares, the size of the option contract
      - mizzack 6y ago
        Uh, ok? Then the capital requirement is completely different, which wasn't the point of my example. 100 shares @ $73, $7300 total cost = $16800 value AH (+130%) 1 2/26 $80c @ $1400 premium = $8800 value AH (+529%)
    - iso1631 6y ago
      > e.g. 3:37PM, $GME trading at ~$73. 2/26 $80c were around $14. I'd never heard of an option until a month ago. My understanding: say you have c. $140 to spend You could buy 2 shares at $73 each If you think it's going to go up to $100, your $146 turns into $200 If you think it's going to go up to $400, your $146 turns into $800 If you think it's going to stop at $80, your $146 turns into $160 If you think it's going to go crash to $10, your $146 turns into $20 Instead $140 for 10 call options (which are for 100 shares each), so 1000 shares at $80 If you think it's going to go up to $100, your $140 turns into $20k If you think it's going to go up to $400, your $140 turns into $320k If you think it's going to stick at $80, your $140 turns into $0 If you think it's going to go crash to say $10, your $140 turns into $0 Is that right?
      - mizzack 6y ago
        Yeah except that the $14 contract price I quoted was per share, so a single contract in that scenario would be $1400 premium. So: If you think it's going to go up to $100, your $1400 turns into $3.4k If you think it's going to go up to $400, your $1400 turns into $~33.4k
        iso1631 6y ago
        Ahh, whenever I see calls they're usually quoted in blocks of 100 shares
      - vmception 6y ago
        your $140 wont buy you 10 call options at $14, you might not be able to enter the market at all Option prices have to be multiplied by the quantity of their underlying asset, so 100 is standard in the equities space. $14 x 100 = $1,400 $1,400 is the amount you have to put down. so there is still amplified return possibilities but you were probably overestimating by an order of magnitude

xyst 6y ago

paper handing at $69. should have gone with call options. more potential for gainz fyi 167 in the after hours

locusofself 6y ago
totally. It was a limit sell from days ago, I was banking on some volatility but didn't think it would necessarily soar again.
vmception 6y ago
the options are still too expensive. they are over half the price of buying the shares and they’ve been up to 90% of the share price. I actually love how the option spread sellers havent said anything and been flying under the radar but making the most week after week
- mizzack 6y ago
  IV shot to like 900% this afternoon. e.g. 3:37PM, $GME trading at ~$73. 2/26 $80c were around $14. Which would you rather have? ~19 shares of GME @ $168 = $3,192 currently 1 2/27 $80c @ $168 = $1400 premium + $7400 intrinsic = ~$8,800 currently I know which one I would grab, so long as you could promise me it would keep going up :)
  - vmception 6y ago
    always compare 100 shares, the size of the option contract
    - mizzack 6y ago
      Uh, ok? Then the capital requirement is completely different, which wasn't the point of my example. 100 shares @ $73, $7300 total cost = $16800 value AH (+130%) 1 2/26 $80c @ $1400 premium = $8800 value AH (+529%)
  - iso1631 6y ago
    > e.g. 3:37PM, $GME trading at ~$73. 2/26 $80c were around $14. I'd never heard of an option until a month ago. My understanding: say you have c. $140 to spend You could buy 2 shares at $73 each If you think it's going to go up to $100, your $146 turns into $200 If you think it's going to go up to $400, your $146 turns into $800 If you think it's going to stop at $80, your $146 turns into $160 If you think it's going to go crash to $10, your $146 turns into $20 Instead $140 for 10 call options (which are for 100 shares each), so 1000 shares at $80 If you think it's going to go up to $100, your $140 turns into $20k If you think it's going to go up to $400, your $140 turns into $320k If you think it's going to stick at $80, your $140 turns into $0 If you think it's going to go crash to say $10, your $140 turns into $0 Is that right?
    - mizzack 6y ago
      Yeah except that the $14 contract price I quoted was per share, so a single contract in that scenario would be $1400 premium. So: If you think it's going to go up to $100, your $1400 turns into $3.4k If you think it's going to go up to $400, your $1400 turns into $~33.4k
      - iso1631 6y ago
        Ahh, whenever I see calls they're usually quoted in blocks of 100 shares
    - vmception 6y ago
      your $140 wont buy you 10 call options at $14, you might not be able to enter the market at all Option prices have to be multiplied by the quantity of their underlying asset, so 100 is standard in the equities space. $14 x 100 = $1,400 $1,400 is the amount you have to put down. so there is still amplified return possibilities but you were probably overestimating by an order of magnitude