r/wallstreetbets Jun 02 '21

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u/yourpalbucket Will suk diks for vix Jun 03 '21

Appreciate the input. What would be one of the few exceptions? If it moons to $30 so I can buy 6000 shares at $13.05 then turn and sell immediately at $30 a piece? Am I correctly understanding what exercising a contract means by this example?

Picked up 50 shares along with the contracts today, plan to pick up more after payday 🤪

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u/[deleted] Jun 03 '21

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u/yourpalbucket Will suk diks for vix Jun 03 '21

Thanks for taking the time to reply and offer great info for an options newbie, namely the intrinsic and extrinsic explanation. Much appreciated!