Best explanation of all this that I’ve seen. Breaks it down so an average guy like me can understand.
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Official Stock Market Investing Thread
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Originally posted by revo View PostDon't know if anyone here has been paying attention to GameStop stock (GME), but it has BOOMED over the last few weeks and months. Some enterprising investors bought GME calls when the stock bottomed around $3, and because of a major short squeeze, the stock has now hit $75!!! Those call buyers are now multi-millionaires!
The stock plunged today (down to $188), but the squeeze is still on. It's up to 225% of the float now, but with limits set in place by Robinhood and others, it may be too dangerous to play around with. I made a killing in the options, but lost big on Friday buying the stock (which I sold intraday for a nice loss).
If it drops to the $120s I may buy some options again hoping for the second squeeze, but otherwise I'm done with it.
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Originally posted by chancellor View PostAnd now silver...If I whisper my wicked marching orders into the ether with no regard to where or how they may bear fruit, I am blameless should a broken spirit carry those orders out upon the innocent, for it was not my hand that took the action merely my lips which let slip their darkest wish. ~Daniel Devereaux 2011
Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity.
Martin Luther King, Jr.
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Originally posted by revo View PostBTW, in case anyone is interested, you can buy cryptocurrency through Paypal now. I bought some bitcoin yesterday for shits and giggles.
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$GME is on another run. Is anyone considering buying some options? Since the rise came in the last 90 minutes of trading yesterday and in after hour activity, does it make sense to buy the Feb 26th Calls, believing the market will push the price higher during the day, today...and the March 19th Puts, believing the market will bring the price back down, as happened last time?2021 Auction Anatomy
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RotoJunkie Posts: 4,314
RotoJunkie Join Date: Jun 2001
Location: U.S.A.
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