Boiler Room: The Official Stock Market Discussion

[Rekkapryde]

dunno when to get out of AMC.

 

[PoorAndDangerous]

dunno when to get out of AMC.

I sold 14 shares 10$ cost basis at 14$

i had seen it go up to 14 before and then go right back down to 8$ so was going to reup

 

[Saysumthinfunnymike]

AMC 6/18 40c bought at 5.55 sold at 9.75

Whew meme stocks

My PLTR calls I bought 2 days ago are booming

 

[GoldenGlove]

AMC 6/18 40c bought at 5.55 sold at 9.75

Whew meme stocks

Can you break down this for a noob?

What does this mean? You got 40 contracts of AMC for $5.55 that you sold when they hit 9.75, but you would have been able to execute them on 6/18 if the price held up over what amount?

 

[Saysumthinfunnymike]

Can you break down this for a noob?

What does this mean? You got 40 contracts of AMC for $5.55 that you sold when they hit 9.75, but you would have been able to execute them on 6/18 if the price held up over what amount?

40 strike. 6/18. It's a short term option which doubled damn near overnight with AMC running from teens to 35+ at open

 

[GoldenGlove]

40 strike. 6/18. It's a short term option which doubled damn near overnight with AMC running from teens to 35+ at open

Ok, so the closer it gets to the strike price prior to the option date the more money you make, and if it exceeds 40 before that date the return is even crazier? Excuse my ignorance, I see posts with this in there and I only vaguely understand wtf I'm reading.

 

[Saysumthinfunnymike]

Ok, so the closer it gets to the strike price prior to the option date the more money you make, and it it exceeds 40 before that date the return is even crazier? Excuse my ignorance, I see posts with this in there and I only vaguely understand wtf I'm reading.

That's the gist of it yes. There's more to it, options are dangerous but I only mess with companies and their price targets that I'm familiar with

 

[Reign X]

innovation never stops. Legacy auto will get left behind if they aren’t able to adjust.



CNBC with rare positive Tesla coverage?

 

[winb83]

SoFi is official. It passed the merger vote. I believe the switch to the new ticker happens on the next trading day.

 

[SithLawd]

Can you break down this for a noob?

What does this mean? You got 40 contracts of AMC for $5.55 that you sold when they hit 9.75, but you would have been able to execute them on 6/18 if the price held up over what amount?

40c (call) means he can buy the stock at anytime between now and 6/18 for $40 a share. For this privilege he agreed to pay an up front cost of $5.55 per share (the premium).

If amc were to get to say $100 before 6/18 he can exercise the contract and make $60 (100-40) at a cost of $5.55.

He can also trade the contract itself.

the premium is now $9.75 for this contract so he can resell the contract and make $4.2 (9.75-5.55)
This is all per share and a single contract is 100 shares.

 

[humminbird]

SoFi is official. It passed the merger vote. I believe the switch to the new ticker happens on the next trading day.

thank god

 

[Macallik86]

Ok, so the closer it gets to the strike price prior to the option date the more money you make, and if it exceeds 40 before that date the return is even crazier? Excuse my ignorance, I see posts with this in there and I only vaguely understand wtf I'm reading.

Beginner's Guide to Call Buying

 

[GoldenGlove]

With how bullish this thread is on SoFi, do y'all actually use the app and their services?

 

[winb83]

With how bullish this thread is on SoFi, do y'all actually use the app and their services?

SoFi is my primary checking account and my secondary investing account. Been a member since Jun 2019. It’s why I bought IPOE in the first place.

 

[NatiboyB]

With how bullish this thread is on SoFi, do y'all actually use the app and their services?

yea I have a checking/credit card/and I use their investment portion to invest in IPOE.