Biggest crash in stock market history?

JimN said:
Gains are gains though 😭😭😭
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I could have sold the Lyft options I bought last week an hour later for 1k profit, instead I’m probably going to eat them. So I think you still made the right move.
 
JimN said:
I bought some $115 calls expiring Friday for $900 this morning and sold them for $2500 about an hour ago. They are now up to $3600, but gains are gains. At least that's what I tell myself.
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Do that three more times and you can have yourself an entry level e-bicycle.
 
mtn said:
Do that three more times and you can have yourself an entry level e-bicycle.
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I did it 10 times today and can buy an entry level car. If I didn't sell I'd be able to buy a nice house.
 
Patrick said:
going the way of blockbuster....just people playing chicken - kinda like bitcoin.
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I’m thinking cryptos, mostly Bitcoin and Etherium are taking the place of gold. They are sure acting that way. Now let this sink in, there are 107,985 $20 strike call options expiring on Friday. Market makers (guys who sold those contracts to investors) need to buy and deliver 107,985 x 100 = 10mm shares at $200, they need to buy approx 2.1B dollars worth of stock to deliver
 
Dave Taylor said:
I’m thinking cryptos, mostly Bitcoin and Etherium are taking the place of gold. They are sure acting that way. Now let this sink in, there are 107,985 $20 strike call options expiring on Friday. Market makers (guys who sold those contracts to investors) need to buy and deliver 107,985 x 100 = 10mm shares at $200, they need to buy approx 2.1B dollars worth of stock to deliver
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short term game.
i'm sure they hedged.
 
cassinonorth said:
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Is that someone from Reddit?
It’s crazy that if you have $770k to trade then you probably have a few few million to have the guts to trade at these levels. Or you absolutely don’t give a F.

The rich get richer and they can do it without a sweat. what’s funny about all this and whatever other insane trades people do is that it’s just all Money and it’s just a number. Like what do you do with a $1B lotto ticket?

like did GME colonize Mars? Lol this is crazy shit
 
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THATmanMANNY said:
Is that someone from Reddit?
It’s crazy that if you have $770k to trade then you probably have a few few million to have the guts to trade at these levels. Or you absolutely don’t give a F.

The rich get richer and they can do it without a sweat. what’s funny about all this and whatever other insane trades people do is that it’s just all Money and it’s just a number. Like what do you do with a $1B lotto ticket?

like did GME colonize Mars? Lol this is crazy shit
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That fuy started with $50k.
 
THATmanMANNY said:
Is that someone from Reddit?
It’s crazy that if you have $770k to trade then you probably have a few few million to have the guts to trade at these levels. Or you absolutely don’t give a F.

The rich get richer and they can do it without a sweat. what’s funny about all this and whatever other insane trades people do is that it’s just all Money and it’s just a number. Like what do you do with a $1B lotto ticket?

like did GME colonize Mars? Lol this is crazy shit
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No, pretty much think they are SOL
 
Oh haha if you started with $50k then you could be just a regular established white collar worker and at that point it’s money you never had before so fuck it let’s go!
 
THATmanMANNY said:
Oh haha if you started with $50k then you could be just a regular established white collar worker and at that point it’s money you never had before so fuck it let’s go!
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There's a whole thing about millenials on there living in their parent's home betting their 10k life savings on these moonshots because, what do they have to lose when they have so little.

THATmanMANNY said:
Who is going to gamble on the next picks? AMC? Blackberry?
The story is just laughable and insane.
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I'm sure there's money to be made in these, as there's so many people jumping into this. To sketchy for me...
 
Santapez said:
There's a whole thing about millenials on there living in their parent's home betting their 10k life savings on these moonshots because, what do they have to lose when they have so little.
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I've been following wsb for a few months and it's insane. It's easy to yolo it all when all of it is $1k. The loss porn when the short squeeze is over is gonna be amazing. Some of these kids are gonna be millionaires though.

Santapez said:
I'm sure there's money to be made in these, as there's so many people jumping into this. To sketchy for me...
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I mostly do what I consider to be safe-ish plays, but buying slightly out of the money calls on meme stocks on Friday afternoons can be fun. Much more likely to make you money than buying lottery tickets.
 
THATmanMANNY said:
Is that someone from Reddit?
It’s crazy that if you have $770k to trade then you probably have a few few million to have the guts to trade at these levels. Or you absolutely don’t give a F.

The rich get richer and they can do it without a sweat. what’s funny about all this and whatever other insane trades people do is that it’s just all Money and it’s just a number. Like what do you do with a $1B lotto ticket?

like did GME colonize Mars? Lol this is crazy shit
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He started at 54k 8 ish months ago... It's wild.
 
Could someone please instruct me on how to buy and sell stocks in this fashion? I have $200 with the stock market's name on it, and no idea what you are talking about.
 
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