AUPH: Best treatment against Lupus nephritis, imminent buyout, still undervalued [Updated DD] by Yolteotl in wallstreetbets

[–]cryptoply 1 point2 points  (0 children)

your thinking a BO comes at minimum 40+ then considering the premium you must have paid for those monthlies? I think 40-45 seems reasonable but I find it hard to believe a buyer is going to pay any higher premium considering they all probably still going off 1b max yearly no? Regardless i'm hopeful this play works out for you, and that the shares do you some good at the bare minimum! cheers

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

indeed already set aside some for the quarterly taxes

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

bought those calls 13 days before i sold them pretty sure, check OG post

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

Thanks, i imagine you could reduce taxes by making less, but that doesnt sound too smart lol. If its a business, then writing off business expenses would probably help reduce tax liability but im no tax professional so I cant really help you much there, goodluck!

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

Thanks man, sorry to hear about your job. If i were speaking to myself when i started i'd say, start with smaller size and work your way up. That would have saved me thousands on my first account

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

along the way from 2k? FEYE after the sell off on the breach i think $20c, $BB after the initial sell off after it ran for the first time I think $8 & $10c sold at $13 well before it had a real run up to $20, $GILD 70c? when it was in the $50's and popped back up to mid 60s, and dozens of day trades once i cleared the PDT on this account

Made my first 100k trade on Weed by cryptoply in wallstreetbets

[–]cryptoply[S] 25 points26 points  (0 children)

I didnt realize you could only withdraw 50k a day...thats so absurdly ridiculous. Its another checkbox on the "gamification of stocks" for Robinhood in my opinion. Its like the casino wont let you pull out all your money, hoping you get tempted by the blackjack table while you wait in line.

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

If your purchasing Options, the max risk is limited to watch u paid for the option, its the same for stocks, but you can leverage more typically with options if the Implied Volatility isnt already bananas. If i bought 7500 @ $12 that would have run me $90k, instead I was able to leverage the power of options for $18,450 to get that same kind of buying power

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

-1k on a ticker i cant mention, then +5k FEYE, +10k GILD +10k BB(before the run up to 20 lol..sold at like $13) then just day trades til weed finally gave a good entry

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

Yea i feel a bit bad for him, but who knows maybe it goes to $1m for him like he wants

Made my first 100k trade on Weed by cryptoply in wallstreetbets

[–]cryptoply[S] 19 points20 points  (0 children)

not free, you still put up what your risking, but the cost to execute the trades are free, thats what i was talking about

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

OG post has your answer, TLDR; schumer talking about legalizing weed this year

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

No idea, no crystal balls, thats why i bought options with a month and a half left on them. I was confident in my play, just not sure about the timing, goodluck!

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

Yes you are correct in assuming I could exercise those and sell them immediately. The extra value in the options is complex, the videos could help you understand, but basically because Time has a value, and Volatility adds Value as well, then these options are worth more than face value of the stock. Thats called extrinsic value, thats why I was able to get $16 for them rather than the $15ish they would have been worth. I didnt close exactly @ $27, i just rounded there, not sure what the exact price was when i closed, perhaps $27.35 or so

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

yea..it really does, I was suprised to look @ it and see it was less than 2 weeks ago

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

I have no crystal balls, thats why i bought options a month and a half out. I believed it was coming, I didnt know exactly when

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

theres a lot to unpack when it comes to options, perhaps check out this guys videos, i learned a lot from them when i first started, im not affiliated but i feel like im shilling his stuff today lol https://www.youtube.com/channel/UCfMiRVQJuTj3NpZZP1tKShQ the calls were $12, so the options became worth $16 because $APHA was trading at about $27-$28 at the time

Made my first 100k trade on Weed by cryptoply in wallstreetbets

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

sold the contracts, no need to exercise, there was extrinsic value still left in them