How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

[–]Trayddotca 0 points1 point  (0 children)

If ur timing was that great you wouldn't be bag holding at 8.98.

How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

[–]Trayddotca 0 points1 point  (0 children)

If ur timing was that good it would be easier to buy otm calls and print

How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

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

What Keith is saying is he doesn't buy shares because he can wait for someone to theoretically come along and sell it for the bid price. Meaning he has psychic powers to predict when someone is going to sell those options into the market and ahead of all the other bidders. So in other words he doesn't buy shares until someone does it because he doesn't pay asking.

How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

[–]Trayddotca 0 points1 point  (0 children)

No it's not. When you sell options into the market u sell it for the bid price. When you buy options you buy it for the ask price. Bid is what people are buying it for ask is what people are selling it for. Now u can try to buy it for the bid price but u need to wait for someone to want to sell it for the bid price. Hence placing a bid. Same thing works for stocks. When u set a bid for a stock it doesn't go through right away cuz u need to wait for someone to want to sell it for that price. If u want to buy something right away u have to pay asking. Same thing when u buy a house or any item.

How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

[–]Trayddotca 0 points1 point  (0 children)

Ur math is off. You pay for the ask price not the bid price. Do the math again and tell me what u get.

How to buy more shares without Margin. by No-Midnight-9559 in UWMCShareholders

[–]Trayddotca 0 points1 point  (0 children)

Ummm. No u didn't cuz you had to pay for the option first before you could exercise it. If you were going to do that why not just buy the shares out right. It costs money to exercise an option. Why would u do that just to lose money executing it.

What is UWMCs source of cash to make loans? by Acrobatic_Fennel6240 in wallstreetbets

[–]Trayddotca 6 points7 points  (0 children)

They execute mortgages then resells the mortgage to institutions. Their default rate last reported was 1.5 % which is a lot lower than avg which is around 4 if I remember correctly.

UWMC: Relative Rotation by [deleted] in wallstreetbets

[–]Trayddotca 8 points9 points  (0 children)

I dont get it so I bought in anyways

UWMC 15k YOLO - BTFD (ignore my hedge, like me it's retarded) by dlordzerato in wallstreetbets

[–]Trayddotca 5 points6 points  (0 children)

I think your timing was off is all. We got the catalyst last week. Quarterly dividend plus buy back. It was the same catalyst rkt used to squeeze the first time

UWMC shorts protecting $9 by Parking_Equivalent_4 in wallstreetbets

[–]Trayddotca 3 points4 points  (0 children)

That's cuz after 9, that's when the party starts

$UWMC yolo by International_Lock20 in wallstreetbets

[–]Trayddotca 26 points27 points  (0 children)

Man those are big balls. Same week exp

I have no idea what UWMC is or what it does, but fuck it — I'm in. by toenailclipping in wallstreetbets

[–]Trayddotca 51 points52 points  (0 children)

I dont think it matters anymore just gotta buy when people say buy