I'll make it simple, so you don't have to spend too much effort figuring it out.
Wednesday night news came out about Amazon working with another EV supplier besides Rivian. Amazon has a major stake in Rivian, and plans to buy many EV from them.
The shares dropped from 98 to 90 by the close of the day.
The next morning the shares dropped further, down to 78 by 10 am.
I bought strike price 83 dollar calls expiring Jan 07 when the stock price was at 78.
Before the close of the day, I sold them when the share price was back to 87.
I did it again today. Originally Posted by VitaMan
let's assume what you say is true. if so, you made money not because the market overall was up, the market this week is down. so you sold before the stock tanked so far you'd actually lose money based on what you say is a news report about this ..
Rivian Stock Is Dropping Like a Stone. Blame Amazon.
https://www.barrons.com/articles/riv...is-51641401501
Stock price: RIVN (NASDAQ) $86.28 -1.05 (-1.20%)
now here is where your story begins to fail the sniff test.
on one sell the delta was $5. on another it was $9. so .. how much exactly were you holding of this stock to realize a $40k total profit on two sells with a delta of $5 and $9 on the trades?
You mean schools (plural). Luke pretends to have 3 Ivy degrees, not just one. It would be boring if he earned all of his imaginary degrees at the same campus, dontcha think?
When I was in college they didn't offer formal courses in FRAUD. But then, in those days they didn't hand out degrees in "Gender Studies" either. Originally Posted by lustylad
well those ivy leaguers do like to cross breed don't they?
BAHHAHHAAAA