oldschool Posted January 27, 2021 Report Share Posted January 27, 2021 2 minutes ago, heyitsmeallen said: I don’t have GME anymore. Just a little bit of the others. I’m not deep into any, just having fun. Options trading can be overwhelming for even smart people. I just started dabbling in it a few weeks ago. This is the best beginners guide I've seen. Funny enough it's on wsb. Protip, stay away from puts unless you have money to burn. https://www.reddit.com/r/wallstreetbets/comments/k2a2j8/options_explained_a_quick_beginners_guide/?utm_medium=android_app&utm_source=share heyitsmeallen 1 Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 27, 2021 Report Share Posted January 27, 2021 19 minutes ago, oldschool said: Options trading can be overwhelming for even smart people. I just started dabbling in it a few weeks ago. This is the best beginners guide I've seen. Funny enough it's on wsb. Protip, stay away from puts unless you have money to burn. https://www.reddit.com/r/wallstreetbets/comments/k2a2j8/options_explained_a_quick_beginners_guide/?utm_medium=android_app&utm_source=share Thanks a lot! I’ve dabbled in the market for years but never further than regular stocks Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 27, 2021 Report Share Posted January 27, 2021 So Discord actually banned the WSB server.... Link to post Share on other sites More sharing options...
Jamalisms Posted January 27, 2021 Report Share Posted January 27, 2021 Weird. Pressure from somewhere. But that's ... really not good. Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 27, 2021 Report Share Posted January 27, 2021 4 minutes ago, Jamalisms said: Weird. Pressure from somewhere. But that's ... really not good. Discord says it was because of “hate speech” which is a pretty convenient excuse to ban them and try to stop communication. Everyone on that sub calls eachother autistic retards so that’s probably what they considered hate speech. Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 27, 2021 Report Share Posted January 27, 2021 They just took down the subreddit. The suppression is real. Number9 1 Link to post Share on other sites More sharing options...
abenjami Posted January 27, 2021 Author Report Share Posted January 27, 2021 10 minutes ago, heyitsmeallen said: They just took down the subreddit. The suppression is real. Is it taken down or by invitation only (what i'm seeing)? Link to post Share on other sites More sharing options...
Number9 Posted January 27, 2021 Report Share Posted January 27, 2021 https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ This lead video is why I got into GME. It was based on their connection to Microsoft. I got in around 13$ average. I didn't hear about these guys until this week when this all happened. I have sold at 70, 77, 107,123 and 125. Evert time I sold, the next day it was double. This last sell I set @500 and @700. I'm hoping. If it goes to 2,000, so what. Too many times early on I rode stocks to nothing. If I miss 500-700, no worries. Little worried about taxes, but I have some big write-offs. Link to post Share on other sites More sharing options...
abenjami Posted January 27, 2021 Author Report Share Posted January 27, 2021 1 hour ago, heyitsmeallen said: Where do you see his cash? Maybe I’m reading it wrong, but I see the price of the shares jumping $200 from yesterday to today accounting for the net value price hike. I just did quick math to guess 100k. 300 shares x $335ish per share. I’m also semi ignorant to how options work because I’m a simpleton who just buys regular stock. I did notice his pps for the options dropped from .3125 to .20. What makes you see 10 mill? Check out the red circles. Also, he sold options contracts, which are 100 shares each. So 300 contracts x 100 shares = 30,000 shares (not 300 shares. heyitsmeallen 1 Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 27, 2021 Report Share Posted January 27, 2021 3 minutes ago, abenjami said: Is it taken down or by invitation only (what i'm seeing)? Most people are saying it was taken down. Lots of people (like me) who have long standing Reddit accounts that have been subbed there for years can’t get in. Maybe invite only just goes to mods at first and they have to build the user base back up though invites? Idk, I’ve never seen something like this. Discord banned them and the sub went down instantaneously. Link to post Share on other sites More sharing options...
abenjami Posted January 27, 2021 Author Report Share Posted January 27, 2021 Every WSB play is absolutely tanking in after market, and hard after the forum got shut down. Jamalisms 1 Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 28, 2021 Report Share Posted January 28, 2021 2 minutes ago, abenjami said: Check out the red circles. Also, he sold options contracts, which are 100 shares each. So 300 contracts x 100 shares = 30,000 shares (not 300 shares. I didn’t realize options were 100 shares each. Like I said earlier, I just dabble in regular stocks mostly. In that case he sold enough to cover his initial investment and profit a ton while still holding his position. It was smart to do when the market opened at $352 imo. Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 2 minutes ago, heyitsmeallen said: Maybe invite only just goes to mods at first and they have to build the user base back up though invites? IMO that's what's happening. And it's impossible to even submit an invite request, they are getting flooded i'm sure and I keep getting an error message. Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 Just now, heyitsmeallen said: I didn’t realize options were 100 shares each. Like I said earlier, I just dabble in regular stocks mostly. In that case he sold enough to cover his initial investment and profit a ton while still holding his position. It was smart to do when the market opened at $352 imo. His initial investment in the 800 options contracts was only $25,000. He sold out his homies. Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 AMC currently at $12 and GME about to go under $250. They better get it back up quick. LOL Link to post Share on other sites More sharing options...
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