Submitted by mannahosanna t3_z727cl in wallstreetbets
Comments
VisualMod t1_iy49f4w wrote
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VisualMod t1_iy49fr1 wrote
I am pleased to see that my investments are doing well. I continue to believe that GEO is a good investment, and I would recommend buying more contracts at the current price.
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mannahosanna OP t1_iy49ire wrote
Take a wild guess
ImNotFuckingSelling t1_iy49nrm wrote
Congrats and fuck you!
Interesting_March546 t1_iy49usm wrote
Nice dub
Such-Combination5046 t1_iy4a8r4 wrote
You bought this in January?
mannahosanna OP t1_iy4athw wrote
I bought some in January and bought more when the price dropped.
laminatedjesus t1_iy4atjb wrote
I don’t know man. The geo tracker is an suv known to flip easily. Watch out.
Such-Combination5046 t1_iy4b2fb wrote
Wow!! U tied up all that money for almost a year
mannahosanna OP t1_iy4b8y5 wrote
I want that long term capital gains tax rate.
Such-Combination5046 t1_iy4bc43 wrote
Gotcha. Congrats!!
[deleted] t1_iy4bmpi wrote
[removed]
TheBlueWhaler t1_iy4dvjn wrote
I'm brand new to Options trading; Correct me if I'm wrong..
OP bought 600 contracts @ $1.13 each so 600 x 1.13 = $678
Then sold said contracts and made $9,000????
Worried-Egg-8560 t1_iy4e4xe wrote
Can you math?
TopStockJock t1_iy4ebub wrote
Jesus Christ! Fuck you!
[deleted] t1_iy4ehxk wrote
[deleted]
Thinkingandgrowing t1_iy4fp5q wrote
you dropped this king, 👑
futurewsbgod t1_iy4ftrn wrote
Each contract is 100 shares @ 1.13 per share or $113 each
mannahosanna OP t1_iy4ftss wrote
TheBlueWhaler t1_iy4h77l wrote
Yes, I need the formula tho
Worried-Egg-8560 t1_iy4hncf wrote
(Current Price - Average Cost)*number of contracts
Dude you shouldn’t be investing in stocks never mind option trading
lliorca336 t1_iy4i0ke wrote
Reverend_James t1_iy4i6pg wrote
So $6780?
4troglodyte t1_iy4j8p5 wrote
That is a beautiful piece of work🙏🏻 Kudos
futurewsbgod t1_iy4jm4k wrote
Forgot a digit. 67,800
mannahosanna OP t1_iy4k6jt wrote
Thank you
StandardConcert1467 t1_iy4k9lh wrote
What was the original price you bought it?
TheBlueWhaler t1_iy4lb1m wrote
IDK why you're giving me so much shit when I literally prefaced everything with "I'm brand new to options trading"
Thanks for the formula
Sweet_Scar487 t1_iy4mg0w wrote
I believe you'll only be able to get short term gains here. Need to hold for more than 365 days. Correct?
HooooooooooW t1_iy4nst0 wrote
Knew people who worked their trash management
CartmanAndCartman t1_iy4nu1s wrote
He’s gonna hold till it expires!
Sweet_Scar487 t1_iy4olu2 wrote
Nvm. I'm an idiot. I thought they expired in jan of 23...sorry all
Working-Ad-5683 t1_iy4om1q wrote
I have a small account worth about 900 what are some advice that I can use to grow it
tortoisepump t1_iy4owpo wrote
Found Burry's alt
Nonbinary_Tea t1_iy4pqtb wrote
1 contract is 100 shares.
HughJass09 t1_iy4t1u0 wrote
Still using the HOOD. That's how I know you are of the utmost regarded status.
mannahosanna OP t1_iy4uiig wrote
Do it for the screenshots
throwawaytorn2345 t1_iy4v52b wrote
External-Lie-8249 t1_iy4x7z3 wrote
If I’m not wrong your calls gonna print 10x. Geo gonna easily double in next one year. Good luck
root_over_ssh t1_iy537yh wrote
Each contract is for 100 shares, but the price listed is per share, so for every 1 contract, the cost is 100x the quoted price. So if you buy 600 contracts at $1.13, it is 600*100*1.13 = 67.8K
The 9k is the price change for today only (so current total value - value as of end day yesterday)
The number at the bottom of the screenshot is the total gain... so the current value of the contracts - what was actually paid (177k-67.8k)
TheDudeAbidesFarOut t1_iy58aql wrote
Sooo....short GEO? Got it.
rp2012-blackthisout t1_iy58te5 wrote
dont jerk him off too much guys. these finished down on the day. granted he is still up bigly.
rp2012-blackthisout t1_iy58wpw wrote
buy itm leaps on apple, msft, etc.. sadly with 900 you'd only get 1-2 leaps.
and by leaps I mean the 2025 leaps.
Edit - you aren't getting leaps at those prices. I just looked. Buy a few shares of msft and ride it out.
I_am_not_a_murderer t1_iy5emhg wrote
I started shorting at $8.5 and will continue adding to it because fuck for profit prisons. There will one day be a reckoning and I'll celebrate with fat stacks.
SpiffyGolf t1_iy5glee wrote
I'm long with GEO and WBD (warner bros discovery)
brunosirera t1_iy5je1w wrote
You mean thankful for Michael burry
JoseArcadi0 t1_iy5l2k5 wrote
I would sell $67000 worth of contracts to recoup the investment and make sure you won’t loose q penny in the transaction, the rest let it go with the flow.
whisperwayne3 t1_iy5mcdd wrote
Betting against Burry? Braver than me.
Background-Mess-7524 t1_iy5og5c wrote
But at what cost?
Green_Waffles t1_iy5p5ps wrote
Private prisons FTW!
michael_faraway t1_iy5pdn3 wrote
tied up? he made an over 100% return.
michael_faraway t1_iy5pmgk wrote
this is actually the way options should be used. congrats.
dickmidget t1_iy5qp2t wrote
This guy gain porns
Additional-Banana-55 t1_iy5ub9x wrote
Holy Faulk
mannahosanna OP t1_iy62dpc wrote
Buy the dip
mannahosanna OP t1_iy62ezf wrote
It's still undervalued.
wheeler916 t1_iy6396u wrote
Don't let theta and IV kill you while you hold for long term tax treatment. You'll have to figure out which one is more depreciative to your bottom line.
mannahosanna OP t1_iy648nw wrote
The contracts expire in 2024; I'm not worried about theta and implied vol. I'm holding because the stock is still undervalued. The long term capital gain tax rate is an additional benefit for waiting for the stock to realize its fair value.
wheeler916 t1_iy65azy wrote
Awesome, conviction is an important part of investing. I wish you good fortunes with your decision.
mannahosanna OP t1_iy6e4qb wrote
Buy cash flowing energy stocks.
Working-Ad-5683 t1_iy6go9x wrote
Which ones would you recommend
Unknownirish t1_iy6knm5 wrote
I say OP gives away 10k to each comment in this thread. Deadline ends in 24 hour starting now. Time is: 10pm EST on November 28 2022
Congratulation I didn't realize in the title because it wasn't stated but this was a long term call. Nice and Congratulations.
ERMEESH t1_iy6mhvt wrote
And made 100%
Bmwcrackhead t1_iy6n3ds wrote
This penis sauce is lies
StochasticDecay t1_iy6oj08 wrote
You buy because of Burry?
FININCIALLY_REGARDED t1_iy6s96w wrote
Nice
PrognosticatorShadow t1_iy6u09i wrote
When you screw up the proper there/their and it changes the entire sentence..lolz
PrognosticatorShadow t1_iy6u3vz wrote
This sounds like absolutely terrible advice. You'd be better off trying to rob a bank...then of course...you'd end up in one of these private prisons...
HooooooooooW t1_iy6wrej wrote
Lmfao true
MTBiscuitzz t1_iy6wu0x wrote
I spent 5 minutes wondering why we would possibly care that he knew people who worked with their trash management
MyKoalas t1_iy73k4e wrote
Did you buy because of Burry?
shrimpgangsta t1_iy73y66 wrote
regards
2poor2dance t1_iy74qht wrote
longing private jails!
Reasonable_Cap_7225 t1_iy7a5dv wrote
Did you get increased value for allowing it to hold so long? (New trader trying to learn)
[deleted] t1_iy7fv7k wrote
[removed]
Stockguy111 t1_iy7n4uo wrote
👏👏👏 now sell
A_Watchful_Eye2 t1_iy7v7w6 wrote
It’s a Michael Burry play
AChaosG91 t1_iy7vnst wrote
DUK.............. :) TTE?
viperex t1_iy84m1f wrote
It paid off big time
keltiin2 t1_iy8cqjm wrote
Check today
rp2012-blackthisout t1_iy8fdsk wrote
Don't, worry I am. I've been in GEO for a while as well.
Whirly315 t1_iy8fz87 wrote
sell puts on robinhood. make $50 a month. try to keep making deposits into your account
Working-Ad-5683 t1_iy8h6zm wrote
How do I find companies to to sell outs for
KingMisFit007 t1_iy8jzel wrote
Congrats fucker
DoggyCisco t1_iy8ureg wrote
Same but up 100%, bought at the 5's
Whirly315 t1_iy8vnib wrote
no i mean on the company robinhood itself lol sorry i should have specified. ticker HOOD. people shit on them but their balance sheet is actually pretty strong and they were one of the first stocks to get crushed down to a fair valuation. i had my friend im teaching sell the $8 put on HOOD for the jan 20 expiration yesterday and he got like $55 for it… that’s a pretty great return on only $800 of capital
operator7777 t1_iy8x6k8 wrote
Bravo! Congrats, and merry Christmas 🍾🎊, remember to make GEO plates on your p991.
CricketMan1 t1_iy8zgqr wrote
I made a bit off of Geo too. Thanks Mr Burry.
Responsible-Cap-8732 t1_iy90ah6 wrote
Way to kill it with this one! Its still massively short, I don't know who would be short on this still. I have a pretty large position for me and am up 65% and holding because I think its going a lot higher. Bury got the idea for this one from me. Just kidding, but I've been buying since before Bury was invested on this. Good luck to us!
JZervas t1_iy91l4d wrote
Because you’re brand new at life and investing and you need to take some big steps back.
TheBlueWhaler t1_iy96b4a wrote
I'm an old man and I've been investing in stocks for 4 years.
Working-Ad-5683 t1_iy97tr7 wrote
Don’t you need to have like 100 shares to sell puts though
AnyDiver8119 t1_iy9j2wt wrote
Making more bank today
mannahosanna OP t1_iy9o3wl wrote
Whirly315 t1_iya2yt2 wrote
you need to own 100 shares to sell a covered call. selling a put is the other side, you need enough cash to cover buying 100 shares if the stock drops below your strike price.
i really like adam from InTheMoney to explain things. here is his video on the subject https://youtu.be/r_rKof8IdfU
Working-Ad-5683 t1_iyaj9ln wrote
Thank you
frogelixir t1_iyajh55 wrote
I sold calls @$8.xx months ago bc after they cut div, I was like this shit will never get back to $11. Fortunately, I'm still long a few share to break even. I'm more than happy to let it go. Not too keen on prison industrial complex profiteering.
Thrombi_Yugen t1_iydq53l wrote
I wish I bought more I was newb and afraid lol
Thrombi_Yugen t1_iydq98c wrote
I have been following TTE- it’s pretty solid
AChaosG91 t1_iydrpg7 wrote
Yes indeed. I had an initial Position in it, but sold out of it unfortunately. I have added DUK to my Port though. I do recommend P&G as well for a Hedge against this strange market for a long term Hold, SBux, KO, PEP etc
kdwood0820 t1_iyek4qq wrote
Send this stock why not
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