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(media.greatawakening.win)
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Can you please explain a little?
Soros is making moves around GameStop fiasco that he’s popping up in market news. Buy a July 16th 800 call option. Buy 1 share of GME. The market is going to collapse and this is my final post. When GME is 100k, sell your 1 GME share and exercise your call option to purchase 100 stock worth 10 million for 80k.
Not financial advice. Good bye frens
fucking rights! Ive been holding my GME shares thinking something like this would probably happen. Thank you for explaining that
Could you explain a little further on what to do. I don’t understand what a call option is
I can’t resist.
Call - bet price goes up
Put - bet price goes down
Premium - price you pay per share
Buy - buy option
Sell - sell option
Exercise - purchase 100 shares for the agreed upon price
Options - 1 option = 100 shares, lots of “options” (buy, sell, call option, put option, spreads, exercise, etc.)
You pay a premium to buy the right to purchase a July 16th $800 call option. This means you’re reserving the right to purchase 100 shares for $800 by July 16th. If you don’t, you’re option expires the day after and you lose your premium, unless you sell your option before. Your premium is calculated by multiplying the price you see x 100. The $3.35 means 1 option costs $335, price changes constantly but is going up. If you bought 1 call option for $335, you would only lose $335. If between now and July 16th the price goes over $800, no matter how high it goes you would only have to buy at the $800 price, EXERCISE. You have to buy all 100 of them, but if you can’t, you may sell the contract for profit as well. So it will be $80,000.00 to exercise, or buy the stock for the agreement. But no matter how much the stock goes up, you would only have to pay that price. If it’s 10 million per stock? You pay $800 to buy $10 million. Again, theoretically and not financial advice. I cannot be more clear than this
Ok. Thank you. I think I’ve got it. Have you done this yourself? So invest $330 right now. On July 16 exercise my right to buy 100 shares or sell. I know I won’t have 80k to purchase. If goes as planned I may not be a millionaire, but I have a profitable investment?
Thank you so much for this explanation. I'm still confused, but this at least helps to illustrate why minutes matter in this game!
I'm a smooth-brain. How does Average Joe even buy a share?
Interesting