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Hey Nerds: Blockchain

So crazy to me that a trillion dollar baby with a million eyes on its business, can still surprise over 15% to the upside overnight
 
Preston said:
Now that's a well run company that was inexplicably cheap for awhile. Low float and really flies when it gets some momentum too.. It has probably been the name I've traded the most since last summer.

In other news, I guess META has figured out what to do with all of their cash that they are swimming in... God damn, yesterday was a real buying opportunity across the board possibly.
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They just announced they're taking over the world. Even added a $0.50 dividend and a $50b buyback as the cherries on top.
 
Just for @LeafOfFaith

Imagine you were feeling bullish about team Zuck yesterday before market close

You decide to risk $400 on a positive earnings announcement. That would allow you to purchase 5 calls at the $440 strike

Imagine you just woke up now and looked at what that $400 vote of confidence is worth.....

It's worth $18,000
 
CH1 said:
Just for @LeafOfFaith

Imagine you were feeling bullish about team Zuck yesterday before market close

You decide to risk $400 on a positive earnings announcement. That would allow you to purchase 5 calls at the $440 strike

Imagine you just woke up now and looked at what that $400 vote of confidence is worth.....

It's worth $18,000
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Why is it just for me?

Sounds like it was only for you, unless you’re sharing?
 
CH1 said:
I thought you liked option porn.....apologies...I hope I didn't ruin your breakfast smoooooooothie
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Tough to ruin my smoothie today. I’ve never dabbled in options so I’m not super clear on how it works. Worried I might turn into a Vegas gambler who eventually loses his shirt to the house. But I did unpackage what you laid out and it does make me think I should be doing some of that sort of thing.
 
LeafOfFaith said:
Tough to ruin my smoothie today. I’ve never dabbled so I’m not super clear on how it works. Worried I might turn into a Vegas gambler who eventually loses his shirt to the house. But I did unpackage what you laid out and it does make me think I should be doing some of that sort of thing.
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no....don't get into options as a lottery....I love you too much to encourage that

I hate my friend for getting me into it all those years ago.
 
CH1 said:
no....don't get into options as a lottery....I love you too much to encourage that

I hate my friend for getting me into it all those years ago.
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You ingrate, seems like you should love him today more than ever. Even give him a call to see how he’s doing.
 
wait? you think I bought those META calls? I didn't....didn't even think about it

I do own the stock LT
 
LeafOfFaith said:
So why that specific scenario with those specific numbers?
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No reason...all bullish strike prices would have worked....my rule when gambling on earnings (decades ago) was to never risk more than 300-400 on a binary event
 
CH1 said:
No reason...all bullish strike prices would have worked....my rule when gambling on earnings (decades ago) was to never risk more than 300-400 on a binary event
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I thought you were constantly playing with options not too long ago?
 
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