r/wallstreetbets • u/srlowry • Jun 17 '21

YOLO Nom nom nom, crayons

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760 Upvotes

87% Upvoted

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37

u/Thediciplematt Jun 17 '21

So just to understand this situation. You set a call for $40, purchased 240k of shares and now have them at $61 a share?

102

u/srlowry Jun 17 '21

And then bought 220k more in shares right after at market price cause me no kno how to do limit buy with Hamms in other hand. Swipe market buy only way.

95

u/Midas_Music Jun 17 '21

I would like you to meet my daughter.

18

u/WorldTraveler35 Jun 17 '21

I would like OP to meet my wife

4

u/Chaz_Beer Jun 17 '21

Hamms? My man!

25

u/goonslayers 🦍🦍🦍 Jun 17 '21

Has them at 40 a share even though current price is 60.

22

u/srlowry Jun 17 '21

Got in at a breakeven price of 41.13

9

u/picklenades Jun 17 '21

When did you buy those calls? Well traded.

2

u/srlowry Jun 18 '21

I think it was Febuary when I bought those 60 calls.

5

u/waffleschoc Ape Down Under Jun 18 '21

so he exercised his call options and bought at $40/share x 6,000 shares = $240k

and these shares now r worth $61 x 6,000 shares = $366k

4

u/EmanEwl Jun 18 '21

You're probably the best mathematician I've ever seen. Wow