The StoNks thread

[Kaveh]

Originally Posted by Gwaihir [You must be logged in to view images. Log in or Register.]

Its a good day to buy Put Credit Spreads in sure to rebound stocks that are overselling atm.

Fidelity is stopping trading on a lot of the short squeeze stuff. I’m disappointed, I guess I should’ve made a robinhood account when that came around

[Gustoo]

Originally Posted by Toxigen [You must be logged in to view images. Log in or Register.]

stonks only go up

I've seen the science now and this is scientific.

[Gwaihir]

Originally Posted by Kaveh [You must be logged in to view images. Log in or Register.]

Fidelity is stopping trading on a lot of the short squeeze stuff. I’m disappointed, I guess I should’ve made a robinhood account when that came around

TDAmeritrade has restrictions in place on trading GME atm as well.

I'm not talking about "Short Squeezing" though.

A Put Credit Spread is when you SELL a PUT (Typically at, slightly above, or below the current trading price) AND
Buying a Put that is just below the Put that you sold.

For Example.

I sold 40 15$ Nikola Puts AND bought 40 12.50 Nikola Puts expiring in April

This means that instead of having to collateralize 1500$ per Nikola Put Sold, I only have to collateralize 40x 250$ (the delta between the two puts)
and I stand the collect the delta of the price of both puts if the price does not fall below my Sold Put's price on the expiration date.

[Kaveh]

I tried puts on GME and GNUS (my son sent me something about this being another short squeeze but from Twitter instead of r/WSB). Fidelity wasn’t allowing anything for me. I had to call them to sell my Nokia stock it was so bad. I bought a ton of it when it cratered in March. WSB picked it up and I guess fidelity locked down trades on that too

Annoying

[Toxigen]

pretty sad they're protecting the market makers after decades of manipulation to line their own pockets

some retail investors catch wind of a juicy play and it all gets locked down

[galach]

Originally Posted by FatherSioux [You must be logged in to view images. Log in or Register.]

GameStop boys

[Jimjam]

GAW

[Jibartik]

The fact that they chose to do this with gamestop is hilarious. What a meme.

[Bardp1999]

I would not be happy to be Gamestop upper management (unless you are dumping), their stock is going to crash and burn like the Hindenburg, it might actually be the straw that breaks the camels back and they go the way of Blockbuster.

[magnetaress]

Who here lost millions today?