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Jan 22, 2021
1:57
:35
pm
RexIdaCoug
All-American
They are crazy expensive because that's what the hedge fund has to buy to unwind
It's position. The hedge funds are in a tough spot and it is fun to watch.
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RexIdaCoug
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RexIdaCoug
Joined
Nov 17, 2006
Last login
Jun 29, 2024
Total posts
17,522 (2,342 FO)
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Messages
Author
Time
The GameStop frenzy is crazy right now.
crazY
1/22/21 1:45pm
Pure nonsense
Indy Coug
1/22/21 1:46pm
Absolutely. But big money for those that bought and held back in July.
crazY
1/22/21 1:50pm
What's the justification for a Brick and Mortar who sells digital products?
SpecialT
1/22/21 1:49pm
r/Wall Street Bets is driving the madness. There is no justification.
crazY
1/22/21 1:50pm
Anger. The Reddit WSB group decided to stick it to some hedge funds who were trying to profit off shorting GSE
HuskerFan2
1/22/21 1:55pm
I doubt that is moving the needle.
Hsaru
1/22/21 1:55pm
They've actually been called by members in the financial media more impactful
CougarTailDevourer
1/22/21 1:59pm
Go take a look at what is happening with BB and PLTR
AtomicHamster
1/22/21 3:02pm
Don't underestimate the power of
Psalm Trees
1/22/21 2:09pm
Gamestop is the new bitcoin
Blueto
1/22/21 1:51pm
Yeah, puts are crazy expensive right now. I thought about buying some but it
CougarTailDevourer
1/22/21 1:52pm
They are crazy expensive because that's what the hedge fund has to buy to unwind
RexIdaCoug
1/22/21 1:57pm
It depends on how you strategize, I guess.
crazY
1/22/21 1:57pm
I mean, you could buy puts with a short expiration date or way out of the money
CougarTailDevourer
1/22/21 2:03pm
Or do an expiration date far out and sell after the risk premium rises.
crazY
1/22/21 2:12pm
That's true. I was just thinking about the current premium price. Good tip.
CougarTailDevourer
1/22/21 2:16pm
Ultra risky but fun when it pays off.
crazY
1/22/21 2:37pm
Securities finance desk can't find ANY shares to short. LOL.
grosven
1/22/21 1:52pm
That's why it's a good time to buy. No shorts and the hedge funds are screwed
RexIdaCoug
1/22/21 1:58pm
Cool to see Michael Burry continue to torch simps. I'm not a buyer here.
grosven
1/22/21 2:02pm
Historic Short-Squeeze Sends Gamestop To 8-Year Highs After "Angry Mob" Attacks
byuwahoo
1/22/21 1:55pm
We’re all finally getting the money from GameStop that we never got on trade ins
4th and Niner
1/22/21 2:09pm
I owned it at $17 and sold it 2 days later for a 60% gain back in the summer, I
SnickSnack
1/22/21 3:26pm
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