Submitted by hishazelglance t3_1251mep in wallstreetbets
Only wish I bought more. Threw $2k and friend convinced me to play it safe and not invest the $10k I initially planned on putting in.
A win is a win I guess!
Comments
VisualMod t1_je1ynar wrote
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hishazelglance OP t1_je1z17f wrote
Closed two 5/19 $50P today, finally.
pvnieuw t1_je1z39f wrote
Wow nice one
aylubb t1_je1zk76 wrote
Were you able to sell? Heard some brokers are being difficult on the puts lol
hishazelglance OP t1_je1zs5q wrote
Yep! This was the realized profit, maybe a little more (I think I sold both for $46.75 instead of the $46.55 listed?). Robinhood was being annoying but they said options would resume shortly after open so I just stared at the stock for like 35 minutes until it started trading lol
[deleted] t1_je210b7 wrote
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gimmedatcrypto t1_je21sh6 wrote
Bwom bwom
Chick, chicka chickaaaaa
Bwom bwom 🎶
STONKvsTITS t1_je23p6a wrote
Congrats 🎉
wallstreetbetsdebts t1_je25sib wrote
ThePerfectMorningLog t1_je25smt wrote
Ditch your balless friend. Congrats and fuck you
[deleted] t1_je27ecb wrote
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Supert5 t1_je2art8 wrote
Yo fuck your friend and add me on snapchat: Poorwendydiksuck0R69
[deleted] t1_je2fzzu wrote
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MammothLover21 t1_je2hql7 wrote
Why would you sell the option? You could have just exercised them for $49.75 each.
Unless you couldn’t acquire shares. In which case you paid $300 for each contract for someone else to immediately buy and exercise your contract on another platform.
You could have opened a fidelity account and bought sbny. Then sold your option to yourself and then exercised. Extra $300 per contract for not much work.
Bojangles315 t1_je2hz3d wrote
right when I got my 20,000 dollar bonus. time to load up on calls
shortputz t1_je2lfdv wrote
Bro who sold $50 strike 21 April SBNY puts for $19 each 💀
lax_street t1_je2ncj1 wrote
wepo t1_je2ws0t wrote
My biggest win ever. I had 3/17s $60 strike I had to exercise and hold.
Kind of feel bad for whoever wrote them though.
hishazelglance OP t1_je2zk8p wrote
You can’t exercise them unless you have the shares as collateral. The thing Robinhood did on 3/17 was an exception.
MammothLover21 t1_je30h34 wrote
I know I said unless you couldn’t acquire shares.
I don’t use shitty Robinhood that blocks trades. Here they robbed you of $600
You could have went to a platform that let you buy the shares and traded your option to that platform and exercise.
MammothLover21 t1_je33blq wrote
I’m 99% sure you lost easy money here.
You could have put your price at $49.50 and a market maker would immediately bought you option and executed your option for you.
My guess is you did the midpoint suggestion from Robinhood on the spread or just did a market order and hit the open bid price.
hishazelglance OP t1_je33qaq wrote
Midpoint was 44.50ish, and I executed at 46.75. Not going to go through making a new fidelity account and doing all that extra work just to risk illiquidity in the OTC market.
It’s easy to critique when you have hindsight. Send me a post next time you have puts on a company that delists and goes under so I can learn from your wisdom 😉
MammothLover21 t1_je348rd wrote
Idk wth you talking about with that spread, you can literally check the options chain here: https://finance.yahoo.com/quote/SBNY/options/
$50 put options were selling for $49+. I’m sorry Robinhood shafted you.
hishazelglance OP t1_je34krl wrote
Idk why you’re apologizing or care this much to correct me, you made less than me today and probably in general too LOL.
It’s supposed to be a fun gain post, why do fat top hat discord mods like you try to forcefully exert your intelligence on others? Send me that all time chart or move on bud
MammothLover21 t1_je34ruq wrote
I saw a very obvious misprice and how you got shafted by your brokerage.
I’m telling you for next time so that you can learn how to make that easy $600 extra, but you’re clearly seeing it as an attack.
RutabagaLeather3665 t1_je3x466 wrote
I do the exact same thing.
Der31er_ t1_je4rat3 wrote
i sold a put at 90$ and made a decent 9000$ loss.
promonalg t1_je4rxf0 wrote
You can only exercise the option rather than sell the option right? I had a bear spread that I got exercised on my short leg...
hishazelglance OP t1_je5pf95 wrote
No I sold my option, not exercise
promonalg t1_je5zbuw wrote
Stupid IBKR, they liquidated all my positions even though I was able to cover with my put.. they didn't exercise my put and force all my liquidation.. good thing I didn't keep too much in this account
loobear2357 t1_je618db wrote
Friends are your worst enemies when it comes to finances
fenriswulfwsb t1_je6m3qf wrote
Get that green!
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