$GameStop (GME.US)$ It’s a massive massive massive short squ...
$GameStop(GME.US$
It’s a massive massive massive short squeeze they had a lot of people shorting their stock so much so that they had the largest percentage of any other stock on the market so when you have to close out because the stocks going up it makes it less liquid which is easier to go up and down in price because whether you sell it short are you buy it long it is still shares away from the market cap so when they were forced to buy to close their short position as shot the stock way up
It’s a massive massive massive short squeeze they had a lot of people shorting their stock so much so that they had the largest percentage of any other stock on the market so when you have to close out because the stocks going up it makes it less liquid which is easier to go up and down in price because whether you sell it short are you buy it long it is still shares away from the market cap so when they were forced to buy to close their short position as shot the stock way up
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knowledgeispowerfulOP : and then you know how the market is follow the leader they're going to see it running and have to market going to get behind trying to make a profit just hopefully they get it and get out because if you hold this you deserve to lose your money
cockNTail : 5.5+ billion in short losses. so I'm not even touching this stock. $BlackBerry (BB.US)$ $JinkoSolar (JKS.US)$ are experiencing the same. so I'm loving it. my options are giving me hugh profits.
knowledgeispowerfulOP cockNTail: trust me you're not wrong the options are paying great and I'm not telling you don't make money or what I am telling you that's 5.5 billion dollars that was a short interest on this stock if they lost that much money it's because they had a huge short holdings and when they were forced to close it that's 5.5 billion dollars they had to buy to close that's a lot of money a lot of shares you got to remember they probably were in this at a fairly cheap price these prices are unheard of for this stock and the way they recoup that loss they're going to wait for it to run and do it again
ghostmoney :
time for a put, lol
bub bub bib : I got a 39/40 vertical call. Could I buy another vertical with one leg closing the leg I bought? Cost 90$ and cash balance goes up 10k? I know it won’t settle til the other expires or is closed. Thoughts?
knowledgeispowerfulOP bub bub bib: to be honest with you I was just exercise to get out of it
knowledgeispowerfulOP bub bub bib: the best way to do it would be to short a hundred shares of stock and then exercise your option so you would sell the shares I current market value and close out those same shares that your strike price so just remember it would close out at $39 a share shorting it at over $200 this year making up every bit off the loss that you missed out by being in a spread
knowledgeispowerfulOP bub bub bib: you have to factor the cost of closing the short position in your original premium paid and minus that from the profit made on shorting the shares and closing at $39 if the math adds up that's the route you go
bub bub bib knowledgeispowerfulOP: Got to have funds to buy straight up. I’m still trying to invest but gambling on trades instead. Honesty sucks. And I sick at holding a position for more than a couple weeks.
bub bub bib knowledgeispowerfulOP: Wisdom, knowledge, without them we have no roots
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