01-27-2021, 11:21 AM
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#1781
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Franchise Player
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Quote:
Originally Posted by TorqueDog
Keep in mind that the options traders that are selling long calls have to buy to close, as they sold to open the position. If they don't want a maximum loss, they have to close out the position before expiry.
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The option market maker is not taking positions. They offset both sides and earn the spread.
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01-27-2021, 11:24 AM
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#1782
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Franchise Player
Join Date: Jul 2010
Location: Calgary - Centre West
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Quote:
Originally Posted by Enoch Root
The option market maker is not taking positions. They offset both sides and earn the spread.
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I'm referring to the hedge funds and proprietary trading firms, not MMs.
__________________
-James
GO FLAMES GO.
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01-27-2021, 11:25 AM
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#1783
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Scoring Winger
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It's halted right now. Been stuck at $6.67 for almost an hour.
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01-27-2021, 11:28 AM
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#1784
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Scoring Winger
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Quote:
Originally Posted by Kiran403
It's halted right now. Been stuck at $6.67 for almost an hour.
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Damn, so I cant buy any, i have an order "pending". Sorry I am new to this haha
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01-27-2021, 11:29 AM
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#1785
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Franchise Player
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Yeah quite a major halt. Last updated price was 30 minutes back. Weird, since the crazy fluctuations had slowed down quite a bit for the last hour before the halt (albeit they probably had minor halts during that hour)
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01-27-2021, 11:29 AM
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#1786
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Scoring Winger
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Quote:
Originally Posted by Iggy_12
Damn, so I cant buy any, i have an order "pending". Sorry I am new to this haha
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Yes when it resumes, orders will be filled assuming the resumption price hasn't gone above what you originally submitted.
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The Following User Says Thank You to Kiran403 For This Useful Post:
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01-27-2021, 11:33 AM
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#1787
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Participant
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Quote:
Originally Posted by CroFlames
Holy crap CP is literally WSB now.
Please just no r-words. I cringe reading that on WSB.
Although most of their schtick is pretty funny.
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The CP version can be petards and flautists.
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The Following 2 Users Say Thank You to PepsiFree For This Useful Post:
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01-27-2021, 11:33 AM
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#1788
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Franchise Player
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Looks like NOK is back trading again.
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The Following User Says Thank You to agulati For This Useful Post:
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01-27-2021, 11:33 AM
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#1789
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Scoring Winger
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NOK resumes trading.
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The Following User Says Thank You to Kiran403 For This Useful Post:
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01-27-2021, 11:39 AM
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#1790
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Franchise Player
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Quote:
Originally Posted by TorqueDog
I'm referring to the hedge funds and proprietary trading firms, not MMs.
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Okay, different conversation.
But any professional traders that sold call options would have had stops in place - they would not maintain open risk for entire positions. That is how you lose all of your capital, your firm, and your grandchildrens' education.
The bottom line is that, with respect to the options market, most positions in place are hedged, except for the open, long positions. And those positions result in selling, not buying.
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01-27-2021, 11:43 AM
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#1791
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Scoring Winger
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just got my NOK order filled, nothing crazy 100 shares just want in on the fun, i bought AMC earlier, GSE is a little too pricey now for me
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01-27-2021, 11:48 AM
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#1792
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First Line Centre
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I'm still waiting for my account to get USD (funded from CAD sales) - I want to play too!
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01-27-2021, 11:52 AM
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#1793
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Participant
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Quote:
Originally Posted by Esoteric
I'm still waiting for my account to get USD (funded from CAD sales) - I want to play too!
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Watching the movement while I wait for my account to get funded has been deeply depressing.
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The Following 4 Users Say Thank You to PepsiFree For This Useful Post:
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01-27-2021, 11:54 AM
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#1794
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#1 Goaltender
Join Date: Nov 2005
Location: the middle
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There's a certain kind of irony that many people will be using NOK and BB gains to buy an iPhone 12 Pro.
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The Following 3 Users Say Thank You to Roughneck For This Useful Post:
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01-27-2021, 11:55 AM
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#1795
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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Someone tell Photon we need rocket emojis added tout suite.
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The Following 5 Users Say Thank You to Cecil Terwilliger For This Useful Post:
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01-27-2021, 12:03 PM
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#1796
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First Line Centre
Join Date: Jan 2014
Location: Kelowna
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CIBC really being a ####around, been like 8 days since I applied for an Investor's Edge account. I'm livid
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01-27-2021, 12:10 PM
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#1797
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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Me on 11-26-2020:
Quote:
Originally Posted by Cecil Terwilliger
It’s why following r/wsb (or frankly the CP stocks thread) for your advice is an awful, awful idea.
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r/agedlikemilk
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The Following 2 Users Say Thank You to Cecil Terwilliger For This Useful Post:
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01-27-2021, 12:12 PM
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#1798
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Looooooooooooooch
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I'm on the BB rocket ship, destination: JUPITER
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The Following 5 Users Say Thank You to Looch City For This Useful Post:
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01-27-2021, 12:17 PM
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#1799
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First Line Centre
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It's the roaring twenties all over again. When it crashes, just imagine how popular and devastating extremism will become.
Oh well. Just made $200 on AMC while on the toilet!
Sent from my Pixel 4 XL using Tapatalk
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The Following User Says Thank You to starseed For This Useful Post:
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01-27-2021, 12:20 PM
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#1800
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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I think I'll go the route of Lenny with my sweet sweet profits.
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