Couple G's betting on fights
1. CongratulationsThis year, I bought a $400 phone online and the retailer forgot to charge me so I guess that counts.
More importantly though, a few years back, I made a random $200 stock option bet on Heinz (ticker: HNZ). A couple weeks/months later, Warren Buffet's company made an offer and bought out the company. They paid a premium for the stock and my $200 bet turned into $28,000 overnight. I remember shaking and wondering if I should quit my job at the time (was close to a year's salary at the time).
Funny story, it turns out that this chick I recently started fukking with was working for Heinz at the time and got laid off due to the buyout. Really puts things in perspective...
Thanks1. Congratulations
It is the Alcatel Idol 4S. Here is the link here2. Can I get a link to that phone?
Options actually work the opposite way. Whenever you make one-sided directional bets, if your profits are theoretically unlimited, then your losses are capped. If your profits are capped, then your losses are theoretically unlimited (until a stock goes to $0).3. Did you short it or did you bet $200 that it would go up a certain amount? You got off Lucky. Had it gone the other way you wouldve been stuck with the $28,000 bill probably
Prips.Thanks
It is the Alcatel Idol 4S. Here is the link here
Options actually work the opposite way. Whenever you make one-sided directional bets, if your profits are theoretically unlimited, then your losses are capped. If your profits are capped, then your losses are theoretically unlimited (until a stock goes to $0).
You are correct still though. I didn't go short calls, I went long on some Calls.Prips.
I gotta brush up on my trading skills as I remember options working a bit differently....especially on the shorting end
You are correct still though. I didn't go short calls, I went long on some Calls.
Long Calls = Profits are theoretically unlimited, and your losses are capped at your initial investment.
Long Puts = Profits are theoretically unlimited (until a stock goes to $0), and your losses are capped at your initial investment.
Short Calls = Your profits are capped, and your losses are theoretically unlimited
Short Puts = Your profits are capped, and your losses are theoretically unlimited (until a stock goes to $0)