Options cut both ways. It all sounds fun until they come take your shit cause you guessed wrong.
On Wed, Jul 1, 2020 at 1:50 PM Tushar Patel <tpa...@ecpi.com> wrote: > Interesting, yesterday I ran into someone and she started talking about > how people are making a lot of money in options. She went on to say her > friend made $3.5M in Tesla options. > > > Tushar > > > On Jul 1, 2020, at 1:12 PM, Ken Hohhof <af...@kwisp.com> wrote: > > > > I spent about an hour on the phone yesterday with my guy at Morgan > Stanley, basically cutting my exposure to equities in my IRA in half. Went > from 60/40 to 30/70. Also got rid of one real estate ETF. > > > > But the interesting factoid I wanted to pass along was he said a lot of > individual small investors are currently speculating in the market > including in options basically as a form of entertainment. And that is > helping to boost some irrational exuberance. Even some big name stocks > that have done well during the pandemic have been bid up to some pretty > crazy PE ratios. > > > > I guess if you can’t go to a movie, concert, bar, or casino, there’s Wall > Street. But people at a casino aren’t necessarily looking to make a > profit, just have a good time while losing their money. > > > > It also turns out he knows the family of the kid who committed suicide > because he thought erroneously that he lost almost a million dollars on > some millennial focused stock trading app. > > > https://www.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- Lewis Bergman 325-439-0533 Cell
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