I truly don’t understand what I am looking at. 50 Years Of Being Awesome Gift Vintage April 1972 T-Shirt I don’t get options at all. But, I guess that means you and I have something in common. Options are easy. You buy imaginary contracts then see how fast you lose your moneyThat’s remarkably accurate because just as the ball bounces around the various numbers on the wheel and you, for a fraction of a second, see that you’re in the money only for it to all disappear immediately after, just like options.
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Oh, and there’s the chance that IV causes the wheel to spin so fast it levitates off the table and flies out of the window, hitting a passing car and leaving you in severe debt because you have to pay for the driver’s injuries. It’s true. I can tell you what options are but don’t have a clue how to trade options. And to answer the other question of how they lost all the $, when they bought a call (option to buy shares at set price in future, 50 Years Of Being Awesome Gift Vintage April 1972 T-Shirt regardless of what the future exchange price is), it would only be only useful if the future share price goes above the set price in the call.
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In that case, the difference between the two prices is how you would make $. If there is no flipping opportunity by the expiration date, then all the $ spent on the call is lost. Compare that to a bad day of holding big company stocks, where after a bad day you still have 80%+ of your investment value left; options are risky! 50 Years Of Being Awesome Gift Vintage April 1972 T-Shirt I’ve made nice supplemental income selling options to the WSB crowd. It’s like im their dealer and they’re my addicts
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