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

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

  1. ElCubano

    ElCubano

    Holy smokes.
     
    #21     Jan 26, 2021
    vanzandt likes this.
  2. Cuddles

    Cuddles

    you went full retard didn't you? Never go full retard against retards
     
    #22     Jan 26, 2021
    Sprout and fan27 like this.
  3. zghorner

    zghorner

    lmao for sure man. I have been slowly adding puts as the price goes up hoping to benefit from the eminent crash and have a real hard time holding calls overnight. cashed out over $30k so far on calls probably will do the exact same thing tomorrow. Love everything about what is happening right now.
     
    #23     Jan 26, 2021
    jys78 likes this.
  4. Overnight

    Overnight

    It is going to end badly. You ever been to a Gamestop location? They are as useful now as an asshole on an elbow, to borrow a quote from Kill Bill.

    It seems to me, with as little as I know about options, that the best thing to do now is to buy a long-dated put at the current price. What it is now...$200 per share? Can you buy a put cheaply at 200 strike, expiring in the summer?

    K, edit...Make that 235 strike, lol! WTF is up with the thing?
     
    #24     Jan 26, 2021
    zghorner likes this.
  5. zghorner

    zghorner

    IV is so high right now there is no such thing as a cheap option at any strike.
     
    #25     Jan 26, 2021
    tommcginnis and Overnight like this.
  6. Overnight

    Overnight


    Mmm, yeah, I can't see options tables. Are put strikes at 200, expiring next year cheep? I dunno how far out you can go.
     
    #26     Jan 26, 2021
  7. When are they gonna announce their electric vehicle?

    Are they on the blockchain yet? Have they issued a coin?

    Are they getting TARP funds? Have they declared to be a bank holding company?
     
    #27     Jan 26, 2021
    tommcginnis, Occam and vanzandt like this.
  8. S2007S

    S2007S

    Up to 225 after hours. This is just too amusing to watch.

    It will collapse soon.
     
    #28     Jan 26, 2021
    fan27 likes this.
  9. JamesJ

    JamesJ

    I see a GME offering (private placement) coming, at 50, bailing out all the short hedge funds and filling the GME money vault.

    Maybe the Fed or SEC is negotiating that deal for the stability of markets...
    Lawsuits may follow...
     
    #29     Jan 26, 2021
    zghorner likes this.
  10. zghorner

    zghorner

    kicking myself for closing calls today. I traded this horribly...adding puts for "the coming crash" reminds me of my fuckup last spring.

    difference between making tens of thousands and hundreds of thousands right here...still a novice.
     
    #30     Jan 26, 2021
    beginner66 and jys78 like this.