GameStop episode 4: A new Hope of stonks

[philmonroe]

That's the thing I'm checking the app and the calls are all at 100 shares... you can't modify...unless you buying the contract... I mean if I can't cover the buy wont i lose money? I'll be in the hole breh...

No its always 100 shares and you can't modify nothing but how many contracts you buy. No you won't be in the hole because like I just told you you can only lose the premium. You can't lose anymore. You're not a hedge fund shorting the shyt. I really implore you to learn what you're doing before you end up fomo ing your money away just to be down.

 

[ORDER_66]

No its always 100 shares and you can't modify nothing but how many contracts you buy. No you won't be in the hole because like I just told you you can only lose the premium. You can't lose anymore. You're not a hedge fund shorting the shyt. I really implore you to learn what you're doing before you end up fomo ing your money away just to be down.

I hear you and i understand but im not buying into GME im putting down for NAKD since it's still $2 right now it's speculating to go up later on in the morning... I just wanna double my dollars breh... I understand the gist of it... just trying to fully understand it...

 

[Ozymandeas]

That's the thing I'm checking the app and the calls are all at 100 shares... you can't modify...unless you buying the contract... I mean if I can't cover the buy wont i lose money? I'll be in the hole breh...

Bruh, call options are like “coupons”. You can use these “coupons” to purchase something for less than what its really worth if the price rises past a certain point. If the price doesn’t rise past that particular point, you just lose what you paid for the “coupon”. If it does rise, you can use the “coupon” to buy for cheap and flip it for a profit. That’s all it is. Now this part is not meant to scare you but it’s important. DO NOT and I repeat DO NOT ever sell options. EVER.

 

[swerve]

That's the thing I'm checking the app and the calls are all at 100 shares... you can't modify...unless you buying the contract... I mean if I can't cover the buy wont i lose money? I'll be in the hole breh...

I’m gonna be honest with you

don’t gamble with the rent money

 

[ORDER_66]

I’m gonna be honest with you

don’t gamble with the rent money

It's not rent money it's money I already have in my robinhood acct...

 

[ORDER_66]

Bruh, calls options are like “coupons”. You can use these “coupons” to purchase something for less than what its really worth if the price rises past a certain point. If the price doesn’t rise past that particular point, you just lose what you paid for the “coupon”. If it does rise, you can use the “coupon” to buy for cheap and flip it for a profit. That’s all it is. Now this part is not meant to scare you but it’s important. DO NOT and I repeat DO NOT ever sell options. EVER.

Understood.... the major concern im worried about is that this is my first call... so im going in with the understanding of it... Just wanna make sure I don't get fukked up tomorrow if it goes sideways but if the stock does increase in vaule i can double my money like i planned.

 

[philmonroe]

Understood.... the major concern im worried about is that this is my first call... so im going in with the understanding of it... Just wanna make sure I don't get fukked up tomorrow if it goes sideways but if the stock does increase in vaule i can double my money like i planned.

No you won't get fukked up

 

[Afro]

 

[Rev Leon Lonnie Love]

This is how cacs react to black people being put on equal ground. They dont and never will want that.

 

[GunRanger]

Lmao AMC was up 300% today

 

[chargers31]

 

[[Something Cool]]

I put $200 on Nokia and $300 on Naked just to participate in the Fukkery. Win or lose. Might as well get in before the markets “adjust” to this strategy.

 

[Higher Tech]

We're at 470 in pre-market. Everything is going according to plan. AMC, BB, EXPR all looking good. NOK is creeping but by EOD it'll be good.

 

[Lootha VanDraws]

Learn about stocks/options and stop trying to ride the fukking wave on some fomo shyt. If you cop an option the most you can lose is the premium aka what you paid for the 100 shares. So if you have enough to cop the option you have enough to "cover" if it goes wrong since you can't and I repeat can't lose more than the premium you paid for the option. If you pay 100 for an option that's the most you can lose.

What is a good book or resource for non-financial brehs to learn the basics of stocks/trading?

 

[Higher Tech]

Updated short float this morning.
Remember when Melvin Capital said they exited all their short positions?