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/biz/ - Business & Finance


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26687527 No.26687527 [Reply] [Original]

If you're going to buy puts... I would buy them now. I bought $8 puts, due Feb/26th when the price was at $280 and I'm still UP 30%. That's how confident people are that this is going to drop. The hedge funds are DIAMOND HANDS. They have to be, for their investors' sakes. Reddit thinks this is a story where the Jews finally lose. That isn't true-- This is a story where a bunch of individual Jews, working for a Jew company, fuck over a bunch of individual investors. But we can make money by banking on that likely probability.

>> No.26687689
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26687689

Good luck buying goyim.

>> No.26687852
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26687852

>>26687527
>GME Losing Momentum at 370
>buy puts
Jesus Christ hedgies are this scared?
Do you even understand how a short squeeze or short selling works?
No I guess not.

>> No.26687900

I remember it losing momentum at 60 too lmao

>> No.26687901

>>26687689

I already did. And I can certainly sell them by the 26th. People trying to make this a day-trade are both smart and easily taken advantage of.

>> No.26688202

>>26687527
At some point puts will make money but this Friday literally every call option will need to be covered, and that's like $6B in calls. So $6B in stock that will get bought. By Monday, GME will unironically be over $1,000/share if not far beyond that.

Puts will eventually be a great play, but now is a terrible time for that. It would take an infusion of many billions of dollars of short sellers right now to drive the price down low enough, and even then it may not be possible bc WSB is smart enough to tell people to set high limit sells.

>> No.26688317

>>26687852

Nigger, retail shorts are going to bury this price. Maybe not until it hits 500, but Monday will be an unironic bloodbath and new buyers KNOW this.

>> No.26688536

>>26688202
>bc WSB is smart enough to tell people to set high limit sells.

These glorious bastards are setting limits of $10k lol.

>> No.26688577

>>26688202
So I should hold until Monday?

>> No.26688618

>>26687527
andrew give it a break

>> No.26688717

>>26687527
They just need to hold to Friday and they win. Even if the stock price plummets afterwards (which it will). People haven't forgotten the reason behind doing this. It'll hold til Friday

>> No.26688749

In case of investigation by federal or otherwise government-affiliated entity all submitted materials and declarations from this IP are to be considered satirical. For legal purposes all users affiliated with this IP have never viewed any materials originating from or pertaining to the forum/website/entity under investigation in question.

>> No.26688930

>>26688749
>murder someone
>"hey guys it was just a joke its satire I swear I killed them ironically"
Are people really this stupid where they think the law works this way?

>> No.26689140
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26689140

>>26687527
not a bad idea. I'll buy them as well as my long position and cash out on friday when they get squeezed. where do I buy puts? an $8 put means you are betting on it going to $8 right?

>> No.26689248
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26689248

>>26688930
anon claimed this post was a joke

>> No.26689413

>>26688202

You can't even buy calls above $320/strike right now because nobody is selling them, and the majority of WSB does not have enough liquid in their accounts to force this move-- They CANNOT complete the transactions to buy, which means their calls are worthless except as a saleable commodity. Which means we're going to be in for a fucking ton of daytraders cashing out high before Friday while posting DIAMOND DICK on WSB and a bunch of weekend hodlers getting absolutely POOPED ON by "stupid retail shorts."

>> No.26689421

Won't the volatility crush make puts worthless?

>> No.26689588
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26689588

>>26687527
>GME Losing Momentum at 370 Anonymous (ID: SdHDjYz4) 01/27/21(Wed)18:28:16 No.26687527▶>>26687852 >>26688202 >>26688618 >>26688717 >>26689140
>If you're going to buy puts... I would buy them now. I bought $8 puts, due Feb/26th when the price was at $280 and I'm still UP 30%. That's how confident people are that this is going to drop. The hedge funds are DIAMOND HANDS. They have to be, for their investors' sakes. Reddit thinks this is a story where the Jews finally lose. That isn't true-- This is a story where a bunch of individual Jews, working for a Jew company, fuck over a bunch of individual investors. But we can make money by banking on that likely probability.

>> No.26689618

>>26689140

I'm selling way before then. It's not going to $8, but it should go to $70 - 120. Lots of put value to be made on the way there. We're starting to form a tombstone right now.

>> No.26690062
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26690062

>>26689413
>You can't even buy calls above $320/strike right now
You know why? Because the shortsellers are having to buy stocks because they are fucking up their own calls.
If we end over 175 today for example (kek) they will be forced to buy a shitload of shares at open tomorrow.
Biz really understand nothing about what's going on right now.

>> No.26690547

>>26689618
faggot

>> No.26690716

DIAMOND

HANDS

>> No.26690844
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26690844

>>26690716

ADAMANTIUM CLAWS

>> No.26691174

>>26690716
the strongest metal