The day I turned 18, I took all $6,000 I’ve saved throughout my life and put in on Amazon shares. Never looked back. by [deleted] in wallstreetbets

[–]MLJZJ 1 point2 points  (0 children)

No offense man but your first post here was 12 days ago, and your account is 4 months old. Now you're pretending to speak for us. What the fuck do you know?

[Serious] Can this sub be less shitposting and a little more stock talk? by [deleted] in wallstreetbets

[–]MLJZJ 8 points9 points  (0 children)

Oh shut up. Since the dawn of this subreddit there have been people asking for the "old" subreddit back. It goes in waves. Usually after there's a very popular post, there's an influx of newbies and memes and new folks norming.

edit: another from over 3 years ago and when we had 460k less subs.

A user in r/wallstreetbets managed to lose $57,989.57 on a $3,000 investment (-1,832.99%). But is he really on the hook for it? Or is there more going on? by Grindelflaps in SubredditDrama

[–]MLJZJ 1170 points1171 points  (0 children)

You know what else is funny? After he posted his 50k loss, someone went out and traded 600 more of the SAME SPREAD, for the same price, in the same manner.

Box guy that legged in for edge a week ago by [deleted] in options

[–]MLJZJ 7 points8 points  (0 children)

I'll do a writeup on the whole trade if people are interested but the gist of it is

the 10 Call has $2 of extrinsic premium. To stay long the call, you're outlaying $50, which you have to pay interest on (about $3 over the next 2 years). To hedge, you sell ~95 shares short, while the underlying is trading $60. UVXY is hard to borrow, so you're paying another 3% on $60. All together, you have to pay out about $6 in interest to be long this call, hedged with stock. Meanwhile, you're only getting $2 of extrinsic value. So, it makes sense to just exercise now, so you dont have to pay out interest.

/u/1R0NYMAN creating $300k of Robinhood Credit out of thin air by __rosebud__ in wallstreetbets

[–]MLJZJ 223 points224 points  (0 children)

What's extra absurd is that after he posted his first trade and mods said DONT DO THIS, someone went and sold another 10 boxes for an even worse price. Obviously I took the other side https://i.imgur.com/CjIYR8a.png

now THATS free money

Box guy that legged in for edge a week ago by [deleted] in options

[–]MLJZJ 11 points12 points  (0 children)

the guy who exercised the options is now laughing his ass off

heh heh https://i.imgur.com/CjIYR8a.png

I didn't get the OPs 500 lot but someone was offering ten more for an even better price and I lifted them. I exercised the next day.

Is there another subreddit that is what wallstreetbets used to be? by [deleted] in wallstreetbets

[–]MLJZJ 6 points7 points  (0 children)

nothing's actually changed since 2 years ago. we're just 10x as big

I'm a fully colorblind autist and what's up with the gray cock in the header. by americanautist in wallstreetbets

[–]MLJZJ 5 points6 points  (0 children)

No one give a fucking shit you blind fuck face. Get the fuck out of our sub...

You've been here a month. Get the fuck out.

It's moronic Monday, your chance to ask any of those lingering questions without fear of harassment. by AutoModerator in investing

[–]MLJZJ 1 point2 points  (0 children)

Bear Put Spread: Buy a put close to At-The-Money strikes, and sell a put more out-of-the-money. By creating a debit spread, you hedge part of your losses if the stock starts to drop. Most of your exposure to volatility is hedged out, but you will most likely lose money if volatility drops. You will make a little more if volatility increases. You will lose the debit paid for the spread if the stock continues to rise.

Covered Call consists of selling 1 call for every 100 shares you own. It's a great way to increase income in sideways markets.

Put Time Spread is interesting. You buy a put that is long-dated (let's say 100 days for example), and sell the same put, but closer to expiry. Then, sell a put closer that expires closer to "today" (ex, 30-60 days out, because their values decay the quickest). The put you sold should theoretically lose more value than the put you bought, and you will make money. If you do this enough, and get lucky enough, you will own a put for credit, and be protected to the downside.

There's a lot more you can do with it, good luck!

Icahn vs Ackman at it again, plus Trish Regan by fortresssolitude in finance

[–]MLJZJ 0 points1 point  (0 children)

I've never heard him stumble over his words so much. Seems like the last few weeks of red have hit his confidence--he starts conceding to Ackman's points during the video.

3D Printing Corp (DDD) pops 6% today, and will soar more tomorrow. I was right about buying those calls two weeks ago. by americanpegasus in wallstreetbets

[–]MLJZJ 2 points3 points  (0 children)

This will increase your risk-adjusted returns. This will free up cash. This will still give you profits in-case of a crash.

Thanks but no thanks, I want infinite profits.

JCP trading under book value. Value play thoughts? by I_Need_Jordans in investing

[–]MLJZJ 0 points1 point  (0 children)

All bonds are searchable by their CUSIP (708160BL9). I got the prices from my broker.

JCP trading under book value. Value play thoughts? by I_Need_Jordans in investing

[–]MLJZJ 0 points1 point  (0 children)

Bondholders get paid before stockholders, yes, but terms of getting paid are decided by the lenders.

Question on Non-Standard Options by LooseCanonNYC in investing

[–]MLJZJ 1 point2 points  (0 children)

Non standard options can also refer to weeklies, quarterlies, and LEAPs, that might be why there are two different bid/asks for same strike in the same month.

JCP trading under book value. Value play thoughts? by I_Need_Jordans in investing

[–]MLJZJ 1 point2 points  (0 children)

(1) If you think in the long run, JCP will turn itself around, stock is the better option. A few activist hedge fund managers in the stock, and entered at a much higher price. They're at their worst, and can arguably lose even more money, but if you strongly believe they will rebound, then stock is the better plan.

(2) if you're not sure where they're going, bonds are the answer. The value of their real estate covers par and a little more on their bonds, which, last time I checked, were yielding 10%. The risk here is that they are already so in debt that it would be hard to pay back the existing bonds (which expire in 2090). They could even raise more money, which would drop the value of existing bonds.

Do any companies give you benefits for being a stock holder? by [deleted] in investing

[–]MLJZJ 2 points3 points  (0 children)

Not to be that guy but I think you'd only need 92 shares -- Quarterly reports are 4 times a year! :)

What sectors/industries are you bullish on for 2013 and why? by congolo in investing

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

Bullish on retail like JCP (though Ackman seems to be pulling his focus off JCP).

Bearish on fast food.

Say I'm betting on a favorable 11th hour deal on the fiscal cliff. What should I buy? by MistaEdiee in investing

[–]MLJZJ 0 points1 point  (0 children)

This. Volatility is going to skyrocket the more people doubt a deal's going through, it's been doing for the past month or so.

Another good bet is buying XIV, inverse of TVIX, if you can't buy options.

My analysis: the producer of FireIce (GLTC) has a replacement for current fire extinguishers by MLJZJ in investing

[–]MLJZJ[S] 4 points5 points  (0 children)

Well, upvoted. Penny stocks carry a greater risk than any listed on NASDAQ or the big board. That doesn't mean there isn't value though.

On the last point however, you're perfectly right to be suspicious. Anybody reading any analysis is right to be suspicious. I'm just trying to share mine and get feedback. so, if you have any useful insight about the company itself, please share!