I think he took a few million off looking at his original post? He’s made his original followers good bank, lets hope he stays a multi millionaire!
I love happy stories where Wall Street king pins making fun of Reddit posters lose. GME almost at $200 now!
Nobody is stopping you from buying call or put options as the case maybe. The trick is getting in before the stock exploded to the upside. Then, you would have made out like a bandit. Now, options premiums are sky high because of the volatility. Missed out on GME but, I have shares on AMC and call options on it too. Could have gotten in today early in the morning on GME but, chose not to because I entered 4 other stocks today. I got my plate full today. Actually, I had shares on GME twice before but, got stopped out twice. Getting stopped out is part of the game. Better luck next time.
Soon we may be hearing about Wall Street firms with multiple million dollar positions paying millions to Keith Gill to "stand down" or he becomes a target of a sniper or target by a Russian assassin with uranium for the purposes to put it in the inseam of his underwear. wrbtrader
That is a stupid statement. If you think premiums are too high then sell premium. We can talk about spreads but premium is priced most likely spot on regarding where delta trades and how the market prices implied volatility. Otherwise you can arbitrage the mispricing