4 ms·

That's bananas. Bro is about to get a knock-knock.

• SilasX 2y ago
  He says he bought seven put contracts for $7.30 at the $185 strike. Absolute max profit, from CS going to -0, would be (185-7.3) x 7 X 100 = ~$125k. I don’t know if the absolute amount of profit affects decisions here. It seems if he were more certain of what’s going on he would have bet a lot more.
  • diggan 2y ago
    > It seems if he were more certain of what’s going on he would have bet a lot more. Outside of the HN bubble, $125K is already a pretty big sum of money to get all at once, and unlikely to bring too much scrutiny, if it was somehow not a coincident. Seems like a smart strategy, if the user was sitting on inside information and didn't want to ring too many alarm bells.
    • SilasX 2y ago
      Fair. But, one more point, even with its pre market drop, it’s still way above that strike, though the value of the put is going to be up.
    • bspammer 2y ago
      However posting on reddit about it, would not be such a smart strategy. I think it's genuinely just a coincidence, WSB gets plenty of worthless "DD" posts every day that end up amounting to nothing.
  • ibejoeb 2y ago
    Yeah, tongue firmly in cheek, but that was a very specific, prescient analysis.