Re:GameStop Is Rage Against the Financial Machine
by silexia on Thursday January 28, 2021 @12:43AM
(#25938646)
He wrote naked calls with a strike price of $90 and now the price is $350... Shouldn't he be wiped out if anyone exercised their call options?
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Re:GameStop Is Rage Against the Financial Machine
by conanbatt on Thursday January 28, 2021 @02:28AM
(#25939167)
If he did what he said, he definitely lost. Might have had a stop-loss.
I mentioned that quote from someone that thought in the same lines as the OP, had more money and was a professional in the area, and still lost his shirt - twice.