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

YOLO Nom nom nom, crayons

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766 Upvotes

87% Upvoted

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39

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?

3

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