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Economy

bucolic_frolic

(48,218 posts)

2. Just here to poison your breakfast

Reply to Tansy_Gold (Original post)

Thu Feb 2, 2023, 07:08 AM

Feb 2023

META, which is the new name for Facebook, Meta Platforms, was $89 or thereabouts Nov 3. Today it opens at $180.

That is a $90 move. Play options? 10 contracts on META, For Feb expiration, bought in November 3, 3 months out, would have priced somewhere around $15. So 10 Feb 3 Calls - about $15,000.

Today, those calls price about $92. $92k. $92,000.00.

Surely some big important billionaire made the play. See how's the world is stacked against us little guys?

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STOCK MARKET WATCH -- Thursday, 2 February 2023 [View all] Tansy_Gold Feb 2023 OP

LOVE the quote Warpy Feb 2023 #1

The whole quote is longer, better, funnier, bitterer [sic] Tansy_Gold Feb 2023 #3

Just here to poison your breakfast bucolic_frolic Feb 2023 #2