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Originally posted by SJHovey
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with enough implied volatility you can still sell out of the money options with an expiration that's a week or two out for a profit. The problem is GME is trending in the wrong direction right now... If it jumps up to $125 he may be able to unload a mid 100s call for a profit, so you may be right. He might not have to move the stock that much to push his options into the green. -
Yeah it doesn't seem sensible to me, it just sounds like the guy is trying to get rid of the dead weight so he is pretending to care about the people losing their shirts. Everyone holding as the stock is crashing isn't helping any of them so getting people to sell puts shares out there for people to buy which helps them more.
This is just a Dude Bros protecting himself...which he has done from the beginning. That is why he sold at $35 and then re-bought in and cashed out along the way.
He is right that they need to stop the holy quest though that is dead when it comes to GME."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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The GME story seems to be getting a tad more interesting.
Apparently the guy who started it all, and who was the big promoter of the buying of the stock to squeeze the hedge funds, Roaring Kitty(?) is actually a securities broker for MassMutual. Regulators are looking into matters. Roaring Kitty has apparently told the "followers" that he's "taking a break" from posting updates on the stock for now.
Curious.
https://wtop.com/consumer-news/2021/...as-shares-sag/Last edited by SJHovey; 02-04-2021, 01:35 PM.That community is already in the process of dissolution where each man begins to eye his neighbor as a possible enemy, where non-conformity with the accepted creed, political as well as religious, is a mark of disaffection; where denunciation, without specification or backing, takes the place of evidence; where orthodoxy chokes freedom of dissent; where faith in the eventual supremacy of reason has become so timid that we dare not enter our convictions in the open lists, to win or lose.Comment
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Like I said...the belief this was a bunch of nerds taking a break from D&D was hilariously wrong. I never thought it was a current broker mind you but it was obvious the Dude Bros had a lot of knowledge how the game worked."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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I think most of us assumed that it was one or two people with actual knowledge and 99.99% who are the nerds living with mom. I still think that. The guys with the actual knowledge, like Mr. Kitty, are the ones who are going to make some money. The rest are going to get boned.Originally posted by Handyman View Post
It'll be interesting to see what Mr. Kitty's trade history looks like, both with his own account and with his MassMutual customers. The problem he has if he was just trying to do a simple pump and dump was the thing grew so exponentially that it became a worldwide news story, and as a result, there is going to be some digging done by regulators.That community is already in the process of dissolution where each man begins to eye his neighbor as a possible enemy, where non-conformity with the accepted creed, political as well as religious, is a mark of disaffection; where denunciation, without specification or backing, takes the place of evidence; where orthodoxy chokes freedom of dissent; where faith in the eventual supremacy of reason has become so timid that we dare not enter our convictions in the open lists, to win or lose.Comment
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Nobody believed this.Originally posted by Handyman View PostCornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020Comment
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Actually quite a few did. I never said I was talking about you ;^)Originally posted by Kepler View Post"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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Tax Question:
Do I need a 1099 or similar form for my two stimulus checks or are those payments already baked into the 1040 Form?
With no other income outside of my one normal job last year, it seems that I just need that W-2 and my Student Loan interest form. It seems too simple so I don't trust it, ha ha...It's never too early to start the Pre-game festivities
Go Cats!!! GO BLACKHAWKS!
Cuck the Fubs... Let's Go WHITE SOX!!!
Wildcat Born, Wildcat Bred....Comment
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You talking about the $600? Or the upcoming $1400?
Saw today that if you haven't got the $600 yet, there's a line on the 1040 form(and another form that I guess some people have to use, 1040CR, or something like that)that has a line for you to fill in how much of that you're supposed to get. It'll be added to your refund, or offset any taxes you may owe.
The $1400 I assume will be sent directly.What kind of cheese are you planning to put on top?Comment
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I did my taxes today (turbo tax). All I had was a portion where they asked if I got both rounds and if so how much. I did not have a 1099 for it. I got both rounds so I put that in. I did play with it some and saw if I took the $600 2nd payment off, my refund went up by 600 but there was a thing on there that said it would only be applied after they checked to confirm you had not yet received and were qualified to get.
The upcoming $1400 (or whatever was not mentioned) it was just the original $1200 and 2nd $600Comment
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Deep****ingValue as he is known on Reddit wasn’t really pushing the “screw the hedge funds” angle of GME.Originally posted by SJHovey View Post
he bought into GME in 2019 and has been ridiculed over it
hes also lost about 30M in value since last week. He cashed in some options before the crazy spike, and didn’t cash in anything at the peak.
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As far as I know there is no need for a 1099 for the Stimulus.Originally posted by Proud2baLaker View Post"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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Well it is just a tax credit. I know they ask the question I just never thought about a 1099 until you mentioned it."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007Comment
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I believe it was Raceboarder or someone else who first asked if there was a 1099 associated with it.Originally posted by Handyman View PostComment
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