Lesson. I would have made about 6kish since yesterday. But you have to always remember there is always tomorrow, and never put good money in to something bad even though your gut feeling was right. You will miss way more boats than you catch in the stock market. But make sure you always try your best to get in the boat with the smart people. Because the retard boat will sink more often. That being said, @MrLee maybe we should link to WSB on the sidebar? Also the 4chan one
@Whomp uses. I would do this myself but I have no clue how to do that. I think we should be scanning those two boards for potential meme money makers. Because if we can narrow down a few before they do go insane, we would be risking hardly any money on lotto tickets.
This kid on Reddit made 120 million dollars off of bbby
https://finance.yahoo.com/news/20-old-usc-student-netted-122608953.html
He just bought something else and that stock went up by 50% today, we need to find that article, because they may be the next meme target.
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You are currently taking a beating on that contract. It's like $15 in the after hours. If shit don't turn around you will have a $200 ish net loss overall counting the profit.
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My total investment was $1k. I sold off some stocks to buy the $26 call. Will I end up being in debt or something?
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Not in debt, but I thought you sold all your stock to buy that contract, and had a $100 profit from both. You can hold until next Friday, if it doesn't turn around you did lose 100% of the money you did pay for the contract. You can sell early and cut some of those losses, but honestly. I would hold and see what happens at this point.
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Oh yeah. I sold off some profit to buy that call so its pretty much a free ride at this point
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Not telling you what to do, but If this was me, I would bail on the open. Stock is at $12 right now. Especially if you are on a free ride, take that last bit of profit and run. I honestly can't see this making another run.
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holy shit i didnt even see it dropped to 12 lol. Yeah ill take my extra $200
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Sorry to say, that was before today ended and the stock was at $18, You wont be able to sell that for $200 in the morning unless premarket goes nuts (not expecting it to) I can't predict the future, but I think the contract will open up under $100.
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Lesson learned homie, even if you squeeze another $50 bucks out of it. $150 pays a bill. I have sold plenty of options with the attitude (well that covers my landscaper) money is money bro. Go out to a nice restaurant or something you earned it.
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