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/biz/ - Business & Finance

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18066043 No.18066043 [Reply] [Original]

My zoomer brother made millions from his BA put that he bought in February after seeing a post on r/wsb. I’m still waiting for the $1000 eoy meme. I can’t do this anymore.

>> No.18066084
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18066084

my boomer grandpa lost millions on his BA longs that he has been holding since the 70s

>> No.18066121

>>18066043
I doubt your supposed zoomer brother, if he exists, had that amount of cash available for that many puts. Puts have market value too. They don't just go up millions if a stock drops 20%. Not unless you have LOTS of options to your name.

>> No.18066125

>>18066043

>boeing $300 in feb
>buy 1 put
>exercise at $100
>200X100 shares=$20,000 minus premium
>millions

>> No.18066134

Larp

>> No.18066159

>>18066125
>it happened yesterday
>20 yrs ago

>> No.18066165

>>18066121
A 50% drop dude, wtf are you talking about.

For 20k I can make a million if the SPY drops 50% in 10 days.

>> No.18066188

>>18066165
Damn who gave your zoomer brother 20k to gamble on a risky put

>> No.18066199
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18066199

>>18066043
>not buying spy puts
>not making avocados number

>> No.18066232

>>18066165
See>>18066188

>> No.18066273

>>18066188
Especially based on a reddit thread lol