ooh this is a good idea
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Replying to @nickcammarata
nice to see you, Nick. these options were so cheap. only $0.24 x 100 = $24 per. Apple’s at 148-149
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Replying to @nickcammarata @DanielleFong
I put a big irrational premium on making the same bet as friends so we can celebrate if it has an outsized win (I also bought a few dozen, which I’m okay losing)
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Replying to @himbodhisattva @nickcammarata
🤷🏻♀️ Retweeted 🤷🏻♀️
take a look at this. to make money it’s got to clear $170.24. if
$AAPL is $180, each will make $1000. it’s$AAPL is $148 now and rising quickly.https://twitter.com/DanielleFong/status/1450594468860674049 …🤷🏻♀️ added,
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Replying to @DanielleFong @nickcammarata
I feel like there are many much harder to justify prices out there than
$AAPL at $171!1 reply 0 retweets 3 likes -
Replying to @himbodhisattva @nickcammarata
haha what you mean
$NKLA at $10
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learning in public - could someone eli5 my payment obligations in the pic? I’m fine paying $24 on a gamble but not $170 x 100 sharespic.twitter.com/5LGKTr9PhW
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Replying to @strangestloop @DanielleFong and
Your obligation is $24. You’re buying the option, so you’re buying the right to buy 100 shares at 170 should AAPL get there. Even if it does, and you don’t want to buy 100 * 170, there are workarounds. Generally you’re going to make more by selling the option before expiry though
1 reply 1 retweet 2 likes
yeah, there are a lot of opportunities to get out depending on your tolerance for risk. the option itself could be valuable in a week because the hypothesis is hot, and you could sell 1/3rd when the option value goes up 2x.
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Replying to @DanielleFong @strangestloop and
Really only point I wanted to make is that since time = decay = drops in price, so the idea that all Apple has to do is be at 170 by 11/26 for him to make money isn’t entirely true - ITM options on day of expiry don’t have much uncertainty left in them, so they end up cheap
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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still $24