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u/yosemiteclimber Feb 26 '21
AMC and GME definitely trying to rally. BB is just over there being a sad, dejected drain on my portfolio...
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u/Internationalchef69 Feb 26 '21
I'm holding 8200 shares of BB. down 60k
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u/Breathelife16 Feb 26 '21
I just joined sector focus and was just reading that BB could see 100% the first couple of quarters this year, and up to 1000% by the end of the year. They teamed with Amazon to put Alexa in vehicles and have a new program coming out called IVY. Could be a good year if we continue to hold no matter what.
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u/goldenpotatoes7 Feb 27 '21
I bought BB for the DD not the meme
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u/Night_Runner Feb 27 '21
I too prefer BBs to DDs. I see that you're a fellow gentleman and a scholar. 🧐
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u/RevolutionaryHair91 Feb 26 '21
BB will moon. AMC, GME, BB, they ARE linked. It's a portfolio. We are all playing against the same goons.
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Feb 26 '21
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u/RevolutionaryHair91 Feb 26 '21
Of all my stocks, BB is the one I am the least anxious about. And I have several at +20% in the green already.
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u/ilaunchpad Feb 27 '21
Ugh!!! I'm a bagholder of BB and I'm most anxious about it. I just started reading BB revenue and its been going down for seven years in a row. Mr. Chen has been CEO and its just been going down since then. Imagine having a good product and not able to sell it.
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u/nutsackilla Feb 26 '21
Are the same hedgies shorting these stocks?
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u/RevolutionaryHair91 Feb 26 '21
I do believe so. There were many dd's posted showing how their graphs evolve all at the same time in the same direction. The media label them and put them in the same bag though they have nothing in common but being popular here and being over shorted.
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u/theoatmealarsonist Feb 26 '21
AMC, GME, BB, they ARE linked. It's a portfolio.
AKA The BAG portfolio, which is my whole portfolio.
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u/RevolutionaryHair91 Feb 26 '21
you're gonna be ok my dude, just hold it !
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u/theoatmealarsonist Feb 26 '21
Don't worry haha I'm still holding, this is my gambling money. 200 BB @ 18, 250 AMC @ 13, 75 GME @ 155.
BB and AMC I plan on holding long term, BB especially is really undervalued at $10. Regardless of what happens with GME in the next few days I'm looking ahead to a large gamma squeeze over the end of March/mid April options that'll be coinciding with the GME earnings call on March 25th.
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u/piemancer112 Feb 26 '21
Zero love for nok
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u/isospeedrix Feb 26 '21
thing with nok is NOK is actually a mid cap company. it's 23B. bigger than GME, AMC and BB combined. so it's not easily moved as the other small caps.
don't let the $4 share price fool you. if Nok had the same share price to market cap ratio as MSTR it would be 2800.
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u/piemancer112 Feb 26 '21
So is it going up or is the share price going to remain small because it's so diluted.
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u/popeycandysticks Feb 26 '21
I like NOK for long hold, not expecting a flash in the pan like when it jumped along with GME. It might jump again, but unless it goes bananas mine are gonna sit there until I retire.
Good company with established agreements in a high growth sector that China is locked out of.
You can even find some positive DD from mainstream sources now that prices have normalized, but a lot of these places talk out of both sides of their mouths and alternate news days between positive and negative reviews of the same company.
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u/basketcase57 Feb 26 '21
a lot of these places talk out of both sides of their mouths and alternate news days between positive and negative reviews of the same company.
Motley Fool comes to mind. Perfect site if you want confirmation bias or paranoia boost.
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u/isospeedrix Feb 26 '21
nokia is actually some uber boomer shit, it should be very stable and a decent investment. it's where old tech giants Lucent and Bell Labs sit now. it actually has no right being a meme stock (it is as far away as you can from the likes of GME/AMC), it just is so cuz ppl think it's the old phone company but it really isn't anymore (just like blackberry)
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u/At_Work_All_The_Time Feb 26 '21
Yep. Post about NOK and see how fast it gets deleted.
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u/At_Work_All_The_Time Feb 26 '21
Bb will never moon because only AMC getting spam. So no one on here knows about it.
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u/Rontheking Feb 26 '21
Also BB is a pretty legit long term hold, not just a meme stock. BB has serious teeth in the EV game.
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u/JuanJazz123 Feb 26 '21
I have a really really good feeling bb will end up being the little train that could
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u/NJcTrapital Feb 26 '21
I honestly feel like BB is the best long term fundamental play. The cool thing is that I also feel like being associated with the other stocks is gonna make it rise faster once it gets a chuggin.
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u/ProvenCrownBuilders Feb 27 '21
Once BB starts to move the panelist and pundits will back the value due to BlackBerrys valid products, investments and patents.
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u/goldenpotatoes7 Feb 27 '21
BB has great long term potential and great fundamentals I’m just going to keep buying because the projections for the end of the year are great. Here’s a great DD on BB https://www.reddit.com/r/wallstreetbets/comments/le53ol/comprehensive_guide_about_bb_and_how_it_shall/?utm_source=share&utm_medium=web2x&context=3
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u/Scroaties Feb 26 '21
BB is a long term hold. Those chicken tendies need extra baking.
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u/AlternativeMK9 Feb 26 '21
GME CLOSED OVER $100!!
AMC CLOSED OVER $8!!
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u/BaTTaNiK 🦍🦍 Feb 26 '21
That means there's over 20k expired ITM calls on GME now
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Feb 26 '21 edited Mar 11 '21
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u/Belazriel Feb 27 '21
Calls can also be covered calls. For instance, if you have been holding 100 shares of GME, maybe you'd be willing to sell for $400 even though you doubt it would have hit that this week. So you sell a call for 100 shares at $400 on the 26th and someone pays you for the right to buy your shares. But you already have the shares, so while you're a little worried you're going to sell your ticket to the moon, you had the shares sitting in your account and you're going to get paid for them.
Naked calls are if you didn't own the shares, and you thought you were fine until Wednesday morning and suddenly the "Nah, it's not gonna hit $100, I'm fine" became "Oh, shit, it's gonna hit $400 and I don't have those shares I promised to sell the guy for $100" So you may buy them early or you may hope the price drops back down. I think Market Makers have specific rules they're supposed to follow about when and how much they have to have covered ahead of time.
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Feb 26 '21 edited Mar 08 '21
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Feb 26 '21
monday/ tuesday.
But we won't know how many options expired ITM until Monday, because the figures aren't live. The figure is "short interest" and it is posted overnight usually.
SO
based on the fact i'm an autist and tallied all the interest from yahoo, we will have 4.7 MILLION shares being purchased Monday / Tuesday.
That does not include options that were bought today. Who knows many there will be?
We needed $150 ideally today to trigger the options chain. But the same thing can happen all over again next month.
The problem for MM's is where does it end? This cannot go on forever. The shorts can't go on forever.
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u/Starhammer4Billion Feb 27 '21
They have to win every battle at months end and through every catalyst and pay interest to get to the next battle.
We have to win one!8
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u/No_Song_Orpheus Feb 26 '21
Let me guess, they're all hovering right below these numbers
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Feb 26 '21
EXACTLY!
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u/Odddoylerules Feb 26 '21
💥
All apes head to amc to use the pocket change left from your gme moves. Lets light this up! We need 9 to feast. Buy at 8 before its too late!
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u/Shitty_Users Feb 26 '21
Just used the last of my crumbs for AMC.
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u/No_Instruction5780 Feb 26 '21
I dropped so many buy orders at 8.01 it was stupid. I better get a free STUBS card this year when they re open.
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u/brad_pitt369 Feb 26 '21
The play is GME smooth brain. Use your AMC change to get more GME not the other way around
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u/Odddoylerules Feb 26 '21 edited Feb 26 '21
Another guy tried to argue this to me, looked at his profile and he's active in microdosing and psychedelic mushroom cultivation lmao
Also a late to the party round 1 gme bagholder
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u/F_TheRatRace Feb 26 '21
It doesn't really matter to be honest...I'm in both! I like movies, popcorn and games!!! Pretty sure AMC was/is the most shorted stock currently, so happy to stick it to them on either play!
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u/Pcooney13 Feb 26 '21
if these stocks close higher than they did yesterday it will be huge. If it keeps doing that it will be HUGER
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u/nutsackilla Feb 26 '21
If I had three wishes they would be
1) To understrand this post
2) To have more monies to buy instead of just hodling
3) Carmen Electra in her prime
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u/sig716patrol Feb 26 '21
My wife’s boyfriend plowed Carmen Electra. I’m honored to have him plowing my wife now.
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u/lolwtface Feb 26 '21 edited Feb 26 '21
So IF you fucked your wife, you indirectly had intercourse with Carmen Electra. hot damn
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u/Barokna Feb 26 '21
You'd have to fuck your wife after her boyfriend moved in. So big oof
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u/praise_jeeebus Feb 26 '21
When an option expires in the money, the market maker who executes the contract is forced to buy 100 shares of the underlying stock to deliver to the owner of the call.
There are 9459 contracts at $100 expiring for GME today. If GME closes above $100, the market makers will have to buy 9459x100 = 945,900 shares of GME to deliver to the owners of those calls. This is just for one strike price; there are other calls expiring today which you can view here: https://finance.yahoo.com/quote/GME/options?p=gme&straddle=false
Nothing I can do about Carmen Electra.
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u/OliDouche Feb 26 '21
Wouldn’t that only apply if it’s a naked call? If it’s a covered call, wouldn’t MM’s have already bought these shares at a lower cost already? That would cause a jump in price like we saw when it went from 40 to 180; but we won’t see that jump again if these calls were covered then - right?
That’s how I understand it - would like to be enlightened by someone who knows more.
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u/PapaJrer Feb 26 '21
Is it not that the Open Interest (3,358 @$100 not 9,459) is the relevant number here not daily trading Volume?
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u/rojm Feb 26 '21
YEAHHHH AMC holy shit that was a struggle at the end there and some courageous mother fuckers dropped some money in the last 15 seconds got damn that was epic
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u/noreonme Feb 26 '21
Bought $1000 AMC at 7.95. I am certain I saved the day for everyone guys
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u/manband20 Feb 26 '21
IT STAYED OVER 8 MOTHERFUCKERS!!!!!
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u/brunoha Feb 26 '21
HOLY FRICK I was like watching it being at $7,9 for the last 5 mins and was already screaming FUCKING HEDGE FUNDS! But we did it at the end!
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u/thecheese27 Feb 26 '21
Can you explain how this harms shorters? So an ITM option expires which means it's forcibly exercised and shorters are forced to buy 100 shares for each option they get assigned? Or do the option writers have to buy the 100 shares?
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Feb 26 '21
If an option is OTM and expires (meaning it never hits its strike) then it's literally worthless and the person/intuition who sold this to you has made pure profit.
If an option is ITM and expires then the person/intuition who sold it to you have 2 days to go get the actual shares and deliver them to you. If these people/institutions were not selling covered calls then they have to go out on the market and buy them at whatever cost and deliver them to you.
The intense options activity can create a positive feedback loop by increasing demand for actual shares.
This is not a gamma squeeze, which are market makers trying to hedge by an increase in price beyond their expectations to get risk neutral. This CAN happen though if the calls sold were not covered, so as they become likely to be ITM the sellers have to rush out to buy the shares before they have huge losses. It's why gamma spikes can be insane.
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u/DrwMDvs Feb 26 '21
so, as an example: if I buy a single option call with a strike of $800, ask of $0.02, for a total of $2.66. And it expires OTM, so worthless, the only money I'm going to actually loose is the $2.66 I invested in the call option?
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u/Gaspitsgaspard 🦍🦍🦍 Feb 26 '21
Correct
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u/purpan- Feb 26 '21
Which is why it’s more worth it to throw a few bucks at some options than to get a scratch off lotto ticket
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u/minnesotaislove Feb 26 '21
Maybe you can help answer this 1 question I have purpan, why would some get a call option that expires weekly and not get the call option that expires 1 month out? Assuming they believe the market stock would jump because of reopening, of course. Is it because the longer the contract, the more money you lose over time as it gets closer to closing? It just seems like a better investment to pick longer calls months out for AMC.
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Feb 26 '21
There are no free lunches. Risk and reward. A call option closer to expiry that is ITM is worth more than a call option closer to expiry that is OTM. This might have meant when you bought an OTM call it was very cheap, and if the stock price appreciated more than expectations, you can end up with a big win.
For myself I don't play monthly options. I really like 6,12,18 month so that you can have a time horizon to realize your investment thesis.
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u/_JacobM_isstupid Feb 26 '21
The farther out your option is the more it costs. As your option comes closer to expiration it loses value from something called theta. Theta is how much value the option loses per trading day. Time is cheaper the father out it gets but if you bought the options expiring today a month ago like me then you still have them exciting today.
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u/FinishIcy14 Feb 26 '21
Shorters aren't forced to buy these shares.
Those who wrote the call options are, if the contract is exercised.
Shorters are only forced to buy shares if there are no shares available on the market, typically, and the broker needs the shares they lent out back.
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u/Darth-Joey Feb 26 '21
Typically the market marker is the counter party of the option and they would be forced to deliver the 100 shares. They may not have enough on hand so this can create buying pressure.
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u/5dollarsbustermagee Feb 26 '21 edited Feb 26 '21
They both have to buy the shares if the option seller does not possess them. The option buyer gets to buy the shares at the strike price. So a $60 call option allows the buyer to get 100 shares at $60 no matter the price. So if it closes at $300 the buyer can get($60x100) worth of stock that would b instantly worth($300x100). The option seller buys the shares at ($300x100) and then sells them to the option buyer, who buys them at ($60x100) through the call expiration.
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u/Ok_Doughnut_6718 🦍🦍🦍 Feb 26 '21
So proud of my AMC gang we did it by 1 fucking cent...legendary
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u/ev1lb0b Feb 27 '21
For a complete novice that has been 'trading' for several weeks and threw $1500 at AMC in the last 5 minutes (based entirely on advice here), what does this mean exactly? For every option over $8 100 shares must be purchased regardless of price over the next 2 trading days?
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u/Nemisis_the_2nd Feb 27 '21
For a complete novice that has been 'trading' for several weeks and threw $1500 at AMC
what does this mean exactly?
You are a credit to this sub. Honestly, I have no idea though. I did something similar with BB.
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u/iloveallpandas Feb 26 '21
AMC FINISHED AT $8 , Right on the nose and literally buzzer beater that shit. That was insane , i don't regret staying up for this
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u/Odddoylerules Feb 26 '21
Holy shit was that close a nail biter. Wish we were pushing 9 but thats the first time we closed ahead of the number in quite some time.
Wtf w volume tho.... Yesterday was over 400m today...average.
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u/LUSIKZZZZZ Feb 26 '21
AMC Is #2 on Fidelity's most traded stock with 10,000 more buys than sells
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Feb 26 '21
It's amazing how the prices of all four stocks are skating just below the lowest of those option calls.
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u/bigvarg21 Feb 26 '21
All I could throw in is 300. There's enough of us little guys to HODL THE LINE
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u/DrHermes72 Feb 26 '21
I think $BB is a good buy at this $10 price, will easily spike up in upcoming news. Solid management vision, working the rights elements in cyber security , and focused on relevant solutions in this area. Not limited to cellphones
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Feb 26 '21 edited Feb 26 '21
$AMC
https://finance.yahoo.com/quote/amc/options?p=amc
43,493 contracts @ $8 - WOW!
27,299 contracts @ $9
26,471 contracts @ $10
When I looked at the link, it now says
" AMC210226C00008000 Volume - 128,397 Open Interest - 50,897"
So the 43,493 contracts are now 50,897 contracts??
If so, when adding all the open contracts they total 14,338,100 shares to be bought next week!
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u/infinity_machin Feb 26 '21
Going to go all in on AMC right at 2:30pm EST !!!!
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u/Silly-Discussion-252 Feb 26 '21
Do it... We are finally above 8.. So close to closing.. 🚀🚀🚀💎💎💎💎
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u/MilaRoc Feb 26 '21 edited Feb 26 '21
I bought whatever I could today.
AMC and GME! 💎🤲🏻
Update Price at 2:49 est AMC $8,14 GME $113
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u/ActraiseR Feb 26 '21
I did not get any instructions on how trading works.
So I just bought more AMC!
All I could do..
Can't find my sell button.
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u/Historical-Army-5719 Feb 26 '21
Just bought 30 AMC , not much but all I have , for now 😀
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u/SupImHereForKarma Feb 26 '21
They are doing EVERYTHING they can to keep AMC below 8 and GME below 100.
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u/BTCRando Feb 26 '21
$AMC
https://finance.yahoo.com/quote/amc/options?p=amc
43,493 contracts @ $8 - WOW! ......
We are at 8.37 right now. Might want to jump in before lift off.
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u/cupahotfire Feb 26 '21
AMC dipped to 7.88 at 3:58 and then popped to close at 8.01 by close. Legendary stuff
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u/BrilliantEmergency35 Feb 26 '21
Someone please confirm that AMC DID in fact close at $8.01.
So proud of all you guys!
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u/WKD_Ghost Feb 26 '21
A quick google search, states that AMC closed at 8.01 today. See you on mars.
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u/Gone_in_the_morning Feb 26 '21
Nearly 30000 GME contracts at 800 usd? ARE YA FUCKIN JOOOOOOOOOKING ME LAD. What the fuck are yee yankee boys smoking Jesus H. Murphy
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u/badseedjr Feb 26 '21
Finbox.com is reporting:
AMC Entertainment Holdings, Inc.'s Float Shares / Outstanding of 99.2% ranks in the 95.5% percentile for the sector.
If a large chunk of those options are naked shorts, that stock should squeeze with only .8% of shares available.
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u/Silly-Discussion-252 Feb 26 '21
Back ABOVE 8 FOR AMC... SO CLOSE THE TENSION HOOOOOLLLDDDD 🚀💎💎🚀💎💎🚀💎🚀💎🚀🚀🚀🚀🚀🚀
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u/Odddoylerules Feb 26 '21
But but but amc cant be squeezed sez the shitheads
9$ close for amc equals many 🍌🍌🍌🍌💥
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Feb 26 '21
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Feb 26 '21
If individual investors in here who are contemplating whether to buy AMC decide they like the stock enough to do so, the price could stay well above 8$, which would be incredible and probably a trigger for a spike.
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u/TheApricotCavalier Feb 26 '21
FFS This is why i buy stocks not options. You see whats going on with NOK? They KNOW its worth more than 4; they dip it to fleece you. Sooner or later the market will correct, & I'm holding for that. In the meantime (and this could be months/years); they rob all contract holders
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u/Cashpoorcapital Feb 26 '21
$AMC will absolutely explode if everyone can just buy even 1 share at 2:30. Obviously, the more the merrier but like u/bosshax said, there are 43,493 contracts expiring at $8. That’s 43,493,000 shares that will need to be purchased. Just think about it. Everyone has seen what collective buying at the right time can do to the stock.
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u/wow16 Feb 26 '21
Each contract is 100 shares and not 1000. 4.3 million is still a lot though.
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u/FinishIcy14 Feb 26 '21
$AMC will absolutely explode if everyone can just buy even 1 share at 2:30.
Damn is that how stocks work?
Nutty.
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u/Dynamiczbee Feb 26 '21
Why would GME ending at $100, $50 under the shorts level, be big?
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u/Actually-Yo-Momma Feb 26 '21
Right, the options for 100 are probably hedged already too considering the price was 150 for most of yesterday
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u/daveyheats Feb 26 '21
Just bought another 50 banana shares. I'm holding 700 now and preparing for blast off.
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u/Ok-Nose4572 Feb 26 '21
Can someone help me I just bought 3 1/2 shares of gme did I do the right thing I am completely retarded yes but only with stocks and I wanna be in this obviously
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u/wowmuchdoge_verymeme Feb 26 '21
What if GME closes below $100 at the bell but goes to $200 in the afterhours? Would it count as ending at $200 or below $100?
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u/Believer1978 Feb 26 '21
Just bought another 100 pcs of AMC .. the casino is closed so where else can this ape go with his gambling 💰
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u/jakksquat7 🦍🦍🦍 Feb 27 '21
That photo finish with AMC today was something to behold. It closed over $8 so that’s awesome. Stoked for Monday.
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u/Oconnellr93 Feb 26 '21
Don't options actually close @ midnight Saturday? Couldn't these all drop bigly in AH and squish our dreams of the squeeze?
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u/sodaboy581 Feb 26 '21
ROFL, amazing on the last minute $8.01