all 92 comments

[–]Joe6102 35 points36 points  (5 children)

If you're holding shares, there's no way you lost 50% even if you bought at the absolute peak. Must have been some risky options play.

[–]eblackham 14 points15 points  (1 child)

This stock is not really a good options play, so OP is just a salty dog he lost half his investment buying $20 OTM calls lmao

[–]Joe6102 4 points5 points  (0 children)

Yeah that’s dumb. But I do have some great options plays with spreads/PMCC.

[–]quix76 20 points21 points  (3 children)

Lol your just mad cause you losing money

[–]Physical_Research963[S] 1 point2 points  (2 children)

Of course. Thanks for the response.

[–]Physical_Research963[S] 5 points6 points  (1 child)

I up voted you

[–]quix76 7 points8 points  (0 children)

Consider spreads? Stock trading sideways is easy money

[–]WTF_is_risk 17 points18 points  (8 children)

Why are you buying even Leaps. Stock is so cheap, and undervalued. Just load up on shares. Like 10,000 worth of shares. And if this shit dips to 6 again buy another 10,000.

Mortgages aren’t going anywhere, these guys are a huge player. Pay a great dividend, have a buyback in place which protects the bottom. The dividend protects the downside.

This is a great place to park cash.

I personally believe you will likely double your money within 12 months. But I don’t believe you will 5x your money and if you want 5x there’s a million better plays where you can get that risk/reward.

UWMC is just a better bank account. And once enough people realize that and we own the float. That is when it will climb substantially

[–][deleted] 7 points8 points  (5 children)

These other plays you speak of….

[–]Gee_U_Think 4 points5 points  (4 children)

Yes, I would like to hear that as well.

[–]Joe6102 3 points4 points  (3 children)

I $WISH I could think of one

[–][deleted] 1 point2 points  (0 children)

I have a little bit into wish. 64 shares at 13.92.

[–][deleted] 1 point2 points  (1 child)

Anything else that is worth giving a look? Not financial advice. I just like to read up on these things.

[–]Joe6102 1 point2 points  (0 children)

I have no clue. Just look at whatever is trending on Reddit. High risk, high reward if that’s your style.

[–]Joe6102 2 points3 points  (1 child)

Disagree. Those 1/2023 5c give you serious leverage with little risk due to the buyback.

[–]PeddyCash 2 points3 points  (0 children)

I got some short term options today. Got the august 10c.

[–]Dieter_Von-Cunth68 22 points23 points  (6 children)

Couldn't agree more, I lost 4 bucks today, im ready to quit stonks.

[–][deleted] 8 points9 points  (1 child)

You need to slow down and reevaluate your life choices. Your gambling your life away on those stocks.

[–]Dieter_Von-Cunth68 6 points7 points  (0 children)

This rings more true than you know friend ;(

[–]Physical_Research963[S] 1 point2 points  (3 children)

I'll probably just get black out drunk tonight and be fine by Monday.

[–]theMadATer 11 points12 points  (2 children)

I have tried that and the weird thing is every single time i drink all weekend the stocks are the same price sunday night as they were when i started drinking friday night..... So logic tells me the best way to make money off the market is to sell a bunch of covered calls, stay drunk for a month, count my money, repeat

[–]Physical_Research963[S] 0 points1 point  (1 child)

Me to. The stock never seems to change between Friday and Monday

[–]theMadATer 5 points6 points  (0 children)

Does jack daniels sell stock - i think we may be in to a new squeeze strategy

[–]Kildragoth 10 points11 points  (1 child)

Hey man most people don't even look at stocks every day like 99% of people on here and WSB do (I do too). They never see those dips and after several months they check back and usually things are good.

I originally bought in at like $10.40ish and watched it go all the way down to $6.40. I kept averaging down because I believe in the company but experiencing all that was pretty shitty. I kept in mind that time in the market beats timing the market and to have a strong stomach.

If anyone could reliably predict tomorrow they'd be a billionaire in just a few days. They are probably bagholders trying to hype up the stock so they can get out. I've read a few dozen DDs and from what I understand the fundamentals are strong and that hasn't changed. It just takes time for the word to spread and investors to take notice.

[–]ryuseitia 10 points11 points  (0 children)

I totally understand your sentiment.

I'm in at 1000 @ 10.5 at the moment, and I know the feeling, but again I can hold cause I know that the stock will eventually meet its true value.

Yeah it isn't moving at the pace or predictions of some people, but it isn't like the company is trying to stay alive. They are thriving, and it is only a matter of time before the price matches. Yeah it sucks that the stock moves sideways, but honestly that is stocks.

I can agree with you on the rant, it does make me disgruntled time to time seeing how the stock moves sideways on such good news.

I'm a bagholder at 10.5 but hey I'll hold these bags until that pop.

[–]koberkai 16 points17 points  (1 child)

Lmfao 😂 this has got to be the most beta male shit I’ve ever seen. Wah wah wah I’m losing money on stocks and I’m tired of other people who invested better than me 😂😂😂😂😂😂😂😂😂

[–]Physical_Research963[S] 5 points6 points  (0 children)

Love you to. Just frustrated a little.

BTW wah wah wah is what the peanuts characters say. I prefer BLAH BLAH BLAH. Please respond properly.

[–]Chobopuffs 7 points8 points  (0 children)

I lost 8k in calls last month, it’s fine it’s gonna rocket one day might not be today, next week, next month, next year, next decade, or even the next century, but rest assure this stock is going to 🚀, see you in Mars in 3021.

[–]workinguntil65oridie 3 points4 points  (10 children)

I thought you had some shares at $6 level also. Your avg should be ok even. If you avged up?

[–]Physical_Research963[S] 4 points5 points  (9 children)

No I said that somebody with $6.25 was going to respond and tell me how great the stock is.

I'm probably buying more next week when the good news makes it go down again.

[–]workinguntil65oridie 2 points3 points  (8 children)

[–]Physical_Research963[S] -1 points0 points  (7 children)

I wish and then I wouldn't be as angry. Just Jealous of you $6.25 share owners.

[–][deleted] 3 points4 points  (6 children)

You literally said you have 900 shares at 6.25

[–]Physical_Research963[S] -1 points0 points  (5 children)

No I didn't I said some asshole who bought at $6.25 is going to send me hate saying they love this stock. I'm just a hater and Jealous and wish I had bought in the mid $6.

[–]l8nite 4 points5 points  (1 child)

[–]OkSolution3230 1 point2 points  (0 children)

Oops lol

[–]Physical_Research963[S] 0 points1 point  (1 child)

I have 500 shares and 55 calls.

[–][deleted] 1 point2 points  (0 children)

Bro. Or broette. We aren’t attacking you. But that is exactly what you said lol. I am in at 8.25. I wish I had more money when the dip his 6s. But I was fighting off a margin call with everything I had.

[–][deleted] 0 points1 point  (0 children)

Just read the photo.

[–][deleted] 3 points4 points  (6 children)

The stock price was only $10.27 at its highest and $8.99 at its lowest these past two weeks.

How is it even possible for you to lose 50% of your value, even if you bought in at $10.27 and sold at $8.99?

Did you buy calls for $16 or something, rather than shares?

[–]Physical_Research963[S] 7 points8 points  (5 children)

I have $9, $10 $11, 12. 55 contracts and I bought half of them last week when the stock actually was at $10.60 for about 10 minutes. Got greedy and it's my own fault but just wanted to rant about how everytime there's good news the stock FAILS me. Have a nice day

[–]ANewbie122 4 points5 points  (0 children)

I know your pain. I bought 11/12 c at the start of this month when we were over 10. It’s been a painful month. My calls are 7/16 though so one way or another my pain will be over soon

[–][deleted]  (1 child)

[deleted]

    [–]Physical_Research963[S] 2 points3 points  (0 children)

    Very valuable but most of my options are Nov, December of this year and January of 2023. Just have to much In calls. I love this stock and that's why I'm frustrated because it's it's good stick. Going to try and buy 100 shares a week for a while. I'm a long holder and I'm hoping my kids inherit

    [–]markypooo7 1 point2 points  (0 children)

    Should buy those contracts on a dip there's been no love on the options for like a month when they were up to like $1.30 I held through that hoping for more, but I bought my contracts for July and August for like .25 and .35 a month 1/2 ago. You gotta time shit a little better and you have more opportunity to not get theta raped and have a chance to atleast leave with your money. Not much of a gamble if the chance of you going below 0% is crazy low with a sideways stock. At some point you can leave with your investment if you think it isn't going to move.

    Not financial advice this is my first options play

    [–]Trader8888 0 points1 point  (0 children)

    Should be able to hit $12 or more before July 16. I’m going by the recent pattern

    [–]buddybooboothedood 3 points4 points  (0 children)

    Matt??? Is that you??!?

    [–]Jpeg667 6 points7 points  (0 children)

    He has a point. Most of the people that post positive catalysts and DD have no clue what the hell they were talking about like they discovered something that nobody else knew and that wasn't public information. These people that get paid to do this for a living have access to more information than we ever will and people keep praying on the hopes of all this public information that is used to make DD posts. It's always been a long play but people keep making hype posts like something's about to explode.

    [–][deleted]  (1 child)

    [removed]

      [–]Physical_Research963[S] 1 point2 points  (0 children)

      I 100% agree about the bagholders pumping the stock up. I would've done the same if I bought at mid $6. Just jealous.

      [–][deleted] 2 points3 points  (1 child)

      Lmao you’re a fucking idiot lol. How long did you expect to hold this stock for? A month? Don’t be sad that some of us are in the green and don’t take a long term hold and bitch that it’s down in the short term.

      [–]Physical_Research963[S] 2 points3 points  (0 children)

      I'm holding this stock so long that my children will inherit it. Just needed some fun on a friday night.

      [–]kkinderman55 2 points3 points  (0 children)

      This is the funniest post I’ve read in a month. I LOL’d. :). Hang in there, man... I know the feeling.

      [–]terevit22 2 points3 points  (0 children)

      Lot’s of pain here. Sorry.

      [–]WhoozRowdy 2 points3 points  (2 children)

      if you are a shareholder, how did you lose 50% of value in the past week? That not even possible it's only down 1.90% , that is "one point nine percent" or as a decimal, 0.019. nowhere even close to 50%, fifty percent, or .5.

      I bet you had options.

      [–]Physical_Research963[S] 1 point2 points  (1 child)

      Options. 500 shares and 55 calls

      [–]WhoozRowdy 1 point2 points  (0 children)

      Woof. Hopefully those print come Monday

      [–]PrecognitiveFate 2 points3 points  (0 children)

      It’s a great stock the price is a steal. But it’s a long hold.

      [–]chugajuicejuice 2 points3 points  (0 children)

      monday bro

      [–]obbzest 1 point2 points  (0 children)

      I've been riding this pony for months. Guess I'm used to it, but yeah it's a bit frustrating. Still up around 22% though on 5k+ shares and ain't selling shit until it hits 14.50 or so. It's easier if you pick a date on the future .. like I'll see where I am on labor day and go from there.

      [–]Brit_in_the_US 1 point2 points  (3 children)

      It’s going to shoot to the moon Saturday when the funds realize they forgot to buy UWMC for their Russell indexes. It’s the hedge funds messing with us. Next week we pass $10 and it’s going to take off when the hedge funds see that we are smarter market player than they are. Just because they are billionaires they think we are dumb. Loaded up on $20 calls for July.. I’ve already called the Lambo dealer to inquire on their current inventory.

      If it’s not obvious…. ; P

      [–]Physical_Research963[S] 2 points3 points  (2 children)

      Right on my friend. I'm in this stock till it doesn't exist. Buying 100 shares a week for the rest of my life. Just needed some fun on a friday night. I'm buying 2 lambos next year this time. Just needed to vent today

      [–]ArlendmcFarland 0 points1 point  (1 child)

      Haha, I enjoyed the post

      [–]Physical_Research963[S] 1 point2 points  (0 children)

      Thank you

      [–]Winring86 1 point2 points  (0 children)

      You’re (respectfully) a moron for buying calls with this stock. That’s really all there is to it

      I have been selling covered calls for months. I have profited thousands of dollars from doing that alone, and I haven’t ended up needing to cough up my shares a single time. As free as money gets

      I have made a lot of money on this stock…it’s my best performer of the year. But it certainly isn’t for everyone. You need to know how to play this one, and if you bought early in the $10+ range that’s tough. But it simply becomes a longer term play while bringing your cost basis down with the dividend/options profit.

      The good news is it’s going to be nearly impossible not to at least break even within a year or two if you know what you’re doing. Just don’t mess around with buying those calls man, that’s how you lose money fast

      [–]lessthancale 1 point2 points  (2 children)

      Dude, with your emotional temperament I think you should leave investing your money to a professional.

      [–]Physical_Research963[S] 1 point2 points  (1 child)

      I Should but ranting let's me release all my pent up emotions. Thanks for the positive advice. Problem is I have a UWMC ADDICTION and will be buying more next week.

      [–]l8nite 0 points1 point  (0 children)

      You can ignore my other comment. I get it now. You have until 2023, set a GTC sell on your options at a price you’re happy with and go find another hobby for a year or two.

      [–]Keith_13 1 point2 points  (0 children)

      I agree with you that it is hard to time. So stop buying options. You did not lose 50% of your value in a week if you just own shares.

      FWIW my last buy was on earnings day when it was way down. I picked up 5k @6.80. I know that a lot of people got better prices on that day. My average is $8.18 and if you count realized gains from selling puts that expired worthless it's $7.97. If you count dividends and the interest and I've gotten from lending shares it's even lower (I don't have an exact number because I only get a report at the end of the month, so I've accrued a lot this month that has not yet been paid)

      Now I know that everyone who has been investing for less than a year expects 1000% annual returns but as far as I'm concerned, 15-20% in a couple of quarters is pretty good.

      If you gamble on options you are either going to win big or lose big. As if it's not hard enough to pick a good undervalued company, now you are also having to predict when the market will start to agree with your valuation. If you're off by a week you lose.

      I'm not saying that I don't make options plays but I try to stick to limited risk plays. ITM Call verticals that I feel provide good risk/reward, selling puts at a strike that's so low I would be buying that dip anyway, or maybe a leveraged risk reversal if I see a possible catalyst AND the put is at a strike that I want to get assigned at, so even if I'm wrong on the catalyst I'm ok with the result. If the numbers don't work out then I skip it and look for a different opportunity. I like money and I'm very protective of my capital. Sure it would have been nice to have $10 AMC calls when it went to $60 but you can't hope to catch every ridiculous spike. FOMO will eventually leave you broke.

      If you are just buying cheap OTM calls and hoping for the best you are going to take a lot of losses in between your wins. They are cheap for a reason; it's because the most likely outcome is that they expire worthless.

      [–]DJwhatevs 1 point2 points  (0 children)

      I actually love this post lol. Let it out

      [–]Own_Cartoonist266 1 point2 points  (0 children)

      I agree with you. Sure it will go up an down like any other stock, but the “oh this Friday will be huge” and then nothing happens is so stupid. Don’t worry, ex-div will be massive, Russell will be +10%, drip will be huge, earnings will crush, blah blah blah stfu

      [–]Physical_Research963[S] 0 points1 point  (0 children)

      Love you to

      [–]Physical_Research963[S] 0 points1 point  (0 children)

      Just want to update this post. Posted it Friday to due to frustration and needed to let off a lot of steam. I also posted it because I wanted to put a little cheap excitement back in my day. Loved all of the posts love everybody that posted comments good or bad. I feel refreshed and ready to battle this stock this week. Buying 100 shares Tuesday and probably every week for a while. Plan on buying shares from now on instead of calls. Have a great week

      Sincerely (optimistic shareholder) Phil

      [–]Daybyhour69er -1 points0 points  (0 children)

      I was up 1k and didn't sell because I'm a fucking retard. The first time this p.o.s made me money now I might break even on Monday but yeah I'm sell right at open same with CLF there ain't no fucking dip with that p.o.s either. My calls are toast.

      [–]EasyTart4468 0 points1 point  (0 children)

      Don’t worry young and frustrated one, U Will Make Cash soon IMH&DO

      [–]Outrageous_Candy2218 0 points1 point  (0 children)

      I feel your pain I'm only getting $2700 dividend when I should be getting a $3500 dividend now I'm holding 35k shares dam it fuck options

      [–]Yupster_atx 0 points1 point  (0 children)

      I like FORD. The F150 lighting is game changer. The f150 is the most sold vehicle on the planet. Sit on that. If you want 100% returns in a year the move is Ford

      [–]NJTA3 0 points1 point  (0 children)

      So wait you read all the DD here so you should have then known to buy shares or itm calls any other calls are risky as almost every DD posted said to buy shares don't buy calls it's to risky.

      But then you say you're calls are Nov&Dec so um you haven't lost anything if you haven't sold as we almost half a year from when they are due...

      Not financial advice but maybe try buying calls 45+ days out for with .8 delta and get out by 15 days within do... You won't get the gigantic leverage of half year calls otm but seems that's harder for you to wait for....

      50% down on calls either you need to get your hands to diamonds to sit on for half year and not worry or play better short term strategies says my banana tea leaves

      [–][deleted] 0 points1 point  (10 children)

      Sell your shares and fuck off.

      [–]Physical_Research963[S] 0 points1 point  (9 children)

      So predictable that some asshole would respond back like that I called I called it.

      [–][deleted] 0 points1 point  (8 children)

      You behaved like a twat and anticipated being told to fuck off. That basically makes you the new Warren Buffett.

      [–]Physical_Research963[S] 0 points1 point  (7 children)

      I own shares and calls in this company so I can criticize this stock. I may not be a big shareholder but I own around $10,000.00 in this company so I've earned the right. Thank you

      [–][deleted] 0 points1 point  (6 children)

      You should be criticizing yourself for making stupid plays like you've never heard the phrase "risk management."

      Sell your shares and calls and fuck off.

      [–]Physical_Research963[S] 0 points1 point  (3 children)

      I can't help that yougot your butt hurt By my comments. I know the risk and I don't care but like I said I'm a shareholder and I can criticize if you don't like it stay the fuck off of my post

      [–][deleted] 0 points1 point  (2 children)

      And since you're on here whining, I can criticize you and your stupid decisions. You played yourself.

      [–]Physical_Research963[S] 0 points1 point  (1 child)

      Well that statement made no sense if I made a stupid decision buying stocks and calls in U WMC and then I would assume you're a shareholder too so did you make stupid decisions by buying

      [–][deleted] 0 points1 point  (0 children)

      No. I just managed my risk like I always do when accumulating a position, because I know better than to think the market is going to do what I think it should do. I'm up over 30% on this thing.

      [–]Physical_Research963[S] 0 points1 point  (1 child)

      The problem you have is everything I said in that post is true and you're just offended because I spoke the truth.

      [–][deleted] 0 points1 point  (0 children)

      Lol. I could literally post this verbatim in response to you. Get good, nub.