Buried in Reddit, the Seeds of Melvin Capital’s Crisis

Discussion in 'Wall St. News' started by dealmaker, Jan 26, 2021.

  1. vanzandt

    vanzandt

    It's $19 now, I had a feeling you jumped out too quick. Just because its cheap and the Robinhooders can buy more shares. Oh well, bird in the hand. Can't blame ya.

    Those $7 calls were $0.30 yesterday at the close.

    30 contracts were $900 yesterday.

    $36,000 today.

    I bet some of the Merrymen wish they'd done that instead of buying 200 shares for $1000.
    $2800 score on $1000 is not bad.... but $36,000.... wow.
    Honest to god I wish I'd have looked at this thing yesterday.

    Someone did it.
    Open interest is 77,000 contracts.
    Do the math on that.

    There's gonna be some SICK puppies out there.
     
    #111     Jan 27, 2021
    jys78 likes this.
  2. ElCubano

    ElCubano

    OMG 24.50 I could have invited my neighbors to the movies. lol
     
    #112     Jan 27, 2021
    ITM_Latino likes this.
  3. vanzandt

    vanzandt

    It's $25 now....

    quick math on those 77,000 contracts....

    roughly $200,000,000 loss on one strike.

    Yeah.... I don't know, this could snowball... FOR REAL.
     
    #113     Jan 27, 2021
    jys78 likes this.
  4. vanzandt

    vanzandt

    We might just see 3700 today.
     
    #114     Jan 27, 2021
  5. zghorner

    zghorner

    I woke up +$60k on a $7k AMC position I took a few days ago...pays to be early i guess you fuckers buy in so i can hit $100k in a day that would be real cool.
     
    #115     Jan 27, 2021
    jys78 and Axon like this.
  6. ElCubano

    ElCubano

    GME back to the races
     
    #116     Jan 27, 2021
    zghorner likes this.
  7. zghorner

    zghorner

    yes looking for some calls baby lets do this shit all over again
     
    #117     Jan 27, 2021
  8. vanzandt

    vanzandt

    Hey if you woke up at 8:30 which was when you first posted and you were up $60K.... that means you had 6000 shares. It closed at $5 and was at $15 at 8:35 EST.

    It was at $25 when you posted that. You should have had $120K.
    Just sayin....
    Sure your being 100% honest with us here?

    Maybe I missed something.
     
    #118     Jan 27, 2021
  9. S2007S

    S2007S

    Amc hahaaaa....
     
    #119     Jan 27, 2021
  10. zghorner

    zghorner

    Options my man
    Jan '22 $5 (20 contracts) calls and June '21 $2.5 call (10 contracts)
     
    #120     Jan 27, 2021
    vanzandt likes this.