Boiler Room: The Official Stock Market Discussion

[levitate]

Haven’t check my stocks in a while..



AMC, Target…

 

[mr. smoke weed]

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.

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.

Swapping contracts is the name of the game. However if you're not a wizard at charting buy options 6-24 months out

 

[Rottweiler]

dunno when to get out of AMC.

I bought 10 shares around $12 and sold at $26.

 

[K-Deini]

dunno when to get out of AMC.

You don't. Hodl

 

[winb83]

Portfolio update. This is a combination of SoFi and Fidelity. I don’t track Robinhood or M1 on this site yet. Both that I track add up to a lil over $70K. A disturbingly large percentage of this is invested in SoFi. My top 5 holdings are almost 50% of the whole thing.

Spoiler

 

[Reign X]

Sold amc at $27, regretting that now. Didn’t have many.

blackberry

got back in at 25, and as I read more into it I think I may buy more Tuesday morning.

If anyone is interested, here’s some reading into why. Ultimate AMC Timeline

 

[Rickdogg44]

Not sure what to make of it but... subdivision pool, restaurants near buy... were like ghost towns compared to normal memorial day weekend

Not sure if everything already priced in but...

Airlines
Travel / Hotels / airbnb / etc

 

[FabTrey]

Not buying and selling brehs. I'll just DCA whatever i have.


congrats to nikkas who ate with AMC. i was very close to selling some TSLA to yolo, but couldn't pull the trigger

 

[Saysumthinfunnymike]

Not sure what to make of it but... subdivision pool, restaurants near buy... were like ghost towns compared to normal memorial day weekend

Not sure if everything already priced in but...

Airlines
Travel / Hotels / airbnb / etc

Casinos were pretty packed around here.. Slowly but surely it's all comin back

 

[FabTrey]

Casinos were pretty packed around here.. Slowly but surely it's all comin back

one of my big regrets is not keeping WYNN stock.

 

[FabTrey]

dunno when to get out of AMC.

the longer you hold there will be bigger reward, but also bigger risk.

if i got in on AMC then I would treat this as INO and NVAX last year. i kept eating profits after profits because it would crash at anytime. i ate enough that when it crashed it didn't hurt me. when it bounced back a little then i got out of the position. i did the same on NVAX too.

 

[Starski]

Ever since that workout pics he released he ain’t never been the same

 

[KalKal]

Some say buy leaps already in the money. Like .7 delta. As long as decent OI and Volume

I can confirm that what this guy is talking about worked out GREAT for me over the past year (since before COVID hit).

The twist that I put on it is that I bought just "a little" out of the money, then every time I got in the money by a dollar or two I would roll up to "at the money" and either take the extra out as profits or buy more call with it. Over last summer the amount of calls I had really snowballed up that way.

Mainly, the LEAPS I buy are on ETFs rather than on individual stocks.

 

[winb83]

We made it. SoFi ringing the bell today.

Been a long road just to get to this name change. Probably gonna be a longer road to get to a crazy insane valuation.

 

[Reign X]

Early premarket

amc up 15%
Bb up 9%
Gme up 5%