The Investment Thread

bclemms said

Just made a killing on my $160 GME puts, closed them out. Probably should have held because if that last little support doesn't hold at $150 it could be headed for double digits fast.

Got in the money on my TSLA calls yesterday, closed them out. My puts don't expire until January and still holding those but up a chunk on those today but never count paper gains with options.

Click to expand...

refresh me since i dont dabble in options....

you bought say 100 puts of GME to sell at $160 on 12/8 - like a month ago and betting the price on 12/8 ( strike date? ) will be lower than the put amt of $160?

based on this chart ( right side ) - i buy 100 puts @170 for 12/10 for $10.65 per- thats $1065. If the price of GME on 12/10 is $140....i can sell my 100 shares at $170...which is a gross profit of 3000 or net of $1935 ( minus the $1065 cost ) - correct?

https://www.optionistics.com/quotes/stock-option-chains/GME