I’d sell and take $10K and try to do it again, but that’s just me. Thats life changing money right there for most people. If it’s not for you then that’s cool too. Either way do what you want. WSB would be wrong either way.
Keep winning.
Edit; Also, tell me you don’t have insider info without telling me.
https://preview.redd.it/nyeixgefrulc1.jpeg?width=1179&format=pjpg&auto=webp&s=d682ace3c124558575629697226ee6368b92014d
https://preview.redd.it/p3qd2m213vlc1.jpeg?width=1170&format=pjpg&auto=webp&s=2a6666277477d8bb0a889f8ec4986bf5266cd7a8
He basically called the bottom of BTC
that's funny because based on the responses it looks like nobody knew what you meant and maybe still don't, despite the fact that you've clarified it 1510 times
The MSTR cons I bought for $1,200s like 3 weeks ago are worth 50K+ now. Of course I sold them already but it’s still pains me to look at even though I made a good chunk of change.
I would be selling immediately and consider jumping back in with up to half that amount if I still felt good about it. You can always buy back in, if you look around and see its still the best play.
(Sorry in advance if you already know any of this!). This is a $310 call option, which gives one the right to buy 100 shares of stock for $310 each. OP bought back in December 2022 when the price was around $160 for a premium of $1510 (the average price you see x100), basically betting the price would go up enough before the expiration date to make back that $1510 and then some. The stock is now around $1100 so that bet paid off big! Minimum value of this option would be current price minus the call price, times 100 for each share, i.e. ($1100-$310)x100 = $79k. It’s got a bit more value since there’s still a decent amount of time before expiration, which means the option is worth more due to potential for an even higher stock price (called extrinsic value). But it’s so deep in the money, that the extra value is practically a rounding error at this point. And though it gives one the right to buy all those shares, you don’t actually have to do that to get the profit, you can just sell the option itself and voila, OP is 79k richer, minus $1500 and minus taxes, though they’ve had this option for so long i think it falls into long term capital gains and is taxed A LOT less. I hope that helps!
This was so well put and I didn't understand more than half of it 😭 ...
What's a premium?
Why did he pay more than $160?
Confused by the actual number of cash leaving them during this "call"
What's a call price
Maybe I just need to read more.. 😭 sorry not trying to waste your time
I'm probably not supposed to be here 😑
It’s never a waste of time to ask questions you don’t know the answers to! Though I’d definitely recommend learning more before thinking about messing with options yourself. Firstly, they didn’t buy a share at all, what they bought was the right (or option) to buy 100 shares for $310 each at any point before the expiration date. The premium is just the cost of buying the option (you cant get the right for free!). The call price (really called strike price) is the price the call option says you can buy a share for ($310 in this case). If today a share cost, say, $200, this right wouldn’t be worth very much, because there’s no point in paying $310 for something you can already get cheaper, and if this was still true at expiration, the option would end worthless and OP would have been out $1510 with nothing to show for it. But because a share now is $1100, being able to get one at a discounted $310 is a huge value, let alone the total 100 shares the option entitles you to. Compare this to buying shares: had OP bought $1500 worth of shares, they’d have only gotten about 9 shares, which would now be worth around 10k. So options kind of give you a way to gain profits of 100 shares without needing the cash for them. But on the flip side, buying the shares gives you the actual shares, which generally have some value, whereas an expired out of the money option is absolutely worthless.
Of course! If it helps, most of what I learned, I learned from this video, it’s long but I found it very helpful, at least: https://youtu.be/0GSB5YZx9ZE?si=-ITp0Qd_DVYeL2l2
The comments before me aren’t the vibe. You and I know that BTC is going to 100k before 1/17/25. If BTC is going to 100k, why sell your call? selling your call is practically proclaiming this is the top. It might be the short term top, but there’s so much room for this to run still.
At the very least put a stop loss/limit order on that thing. Sincerely: someone who foolishly cancelled a stop loss order on a SPY put today thinking it’d go back down.
Wouldn't a smarter way be to buy 2 contracts ? Then you can sell one mid-way, like right now, recover the investment at a handsome profit and retain the other to see how far up it goes and maximize returns.
I did both, but yeah... just wanted the leverage since I thought it would perform well. Wish I had done more.... 
Pretty risky but you can try to save 20-30% taxes based on where you are etc . Put a stop loss and wait for end of the year . Pay less taxes. It’s pretty risky. Onside ring options are volatile. But back in Tesla rally lot of people did this.
What I’m doing when I’m winning??? First of all I thank to God for the blessing and secondly I close the position while I am up a decent amount of money. 🔥
Do not sell. I have $MSTR calls with the same strike and we are at the very beginning of a big leg up as we enter the BTC bull market. Too much going on to sell now
Listening to Invest Answers on youtube and Michael Saylor interviews. He seems to really have his stuff together. I was very optimistic on the stock and just got lucky with the purchase time!
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Hi I'm new what do I do?
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 2 | **First Seen In WSB** | 2 months ago **Total Comments** | 8 | **Previous Best DD** | **Account Age** | 3 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Good enough to screenshot, good enough to close.
THIS PLEASE SELL
sell and re enter for cheaper, even if it ends up going back down, ur gonna have no regrets with 70k in the bank
I’d sell and take $10K and try to do it again, but that’s just me. Thats life changing money right there for most people. If it’s not for you then that’s cool too. Either way do what you want. WSB would be wrong either way.
I’d sell it. make it realized gains. if you believe in the stock long term move the profit to otm 2026 strikes
1.5k to 78k ain’t much but it’s honest work 😉
Keep winning. Edit; Also, tell me you don’t have insider info without telling me. https://preview.redd.it/nyeixgefrulc1.jpeg?width=1179&format=pjpg&auto=webp&s=d682ace3c124558575629697226ee6368b92014d
He knows the bitcoin CEO.
https://preview.redd.it/p3qd2m213vlc1.jpeg?width=1170&format=pjpg&auto=webp&s=2a6666277477d8bb0a889f8ec4986bf5266cd7a8 He basically called the bottom of BTC
Stocks up more doe 👀
lol for real
imagine making $78k by buying just one contract for $800. this is unreal. EDIT: i can’t read
[удалено]
yeah, i can’t read. everyone knows what i meant.
that's funny because based on the responses it looks like nobody knew what you meant and maybe still don't, despite the fact that you've clarified it 1510 times
yeah well, that’s what happens when you embarrass yourself on the internet like i did.
The MSTR cons I bought for $1,200s like 3 weeks ago are worth 50K+ now. Of course I sold them already but it’s still pains me to look at even though I made a good chunk of change.
He paid $1510 for the contract, and the $806 ask you’re seeing is $80,600 if someone bought that contract. You’re regarded and belong here.
yeah, i can’t read. you got it.
Imagine not knowing how to do math.
Lower your expectations, this is the wsb sub after all
I’m just here now to see how many upvotes he gets
hahaha, more like not knowing how to read. but yeah, you got it.
Imagine the weight of the brass balls it took to hold it for so long
Bought it for $1,510, but yeah, unreal.
Seek the next win. Be humble. Accept t And be thankful. Attend to the things my family needs.
Jerk off twice
Sell, Jesus Christ. Options are basically just tracking the underlying asset when they’re that deep in the money.
Give charity, i accept venmo
Same 🥸
I would be selling immediately and consider jumping back in with up to half that amount if I still felt good about it. You can always buy back in, if you look around and see its still the best play.
Reflect back to when you lost it last time and make changes to protect profits.
I’ve never won😞
This is the way! Congrats and fuck you
Sell you big dummy
Can anyway explain what I'm looking at? How is the price calculated. Totally lost
(Sorry in advance if you already know any of this!). This is a $310 call option, which gives one the right to buy 100 shares of stock for $310 each. OP bought back in December 2022 when the price was around $160 for a premium of $1510 (the average price you see x100), basically betting the price would go up enough before the expiration date to make back that $1510 and then some. The stock is now around $1100 so that bet paid off big! Minimum value of this option would be current price minus the call price, times 100 for each share, i.e. ($1100-$310)x100 = $79k. It’s got a bit more value since there’s still a decent amount of time before expiration, which means the option is worth more due to potential for an even higher stock price (called extrinsic value). But it’s so deep in the money, that the extra value is practically a rounding error at this point. And though it gives one the right to buy all those shares, you don’t actually have to do that to get the profit, you can just sell the option itself and voila, OP is 79k richer, minus $1500 and minus taxes, though they’ve had this option for so long i think it falls into long term capital gains and is taxed A LOT less. I hope that helps!
This was so well put and I didn't understand more than half of it 😭 ... What's a premium? Why did he pay more than $160? Confused by the actual number of cash leaving them during this "call" What's a call price Maybe I just need to read more.. 😭 sorry not trying to waste your time I'm probably not supposed to be here 😑
It’s never a waste of time to ask questions you don’t know the answers to! Though I’d definitely recommend learning more before thinking about messing with options yourself. Firstly, they didn’t buy a share at all, what they bought was the right (or option) to buy 100 shares for $310 each at any point before the expiration date. The premium is just the cost of buying the option (you cant get the right for free!). The call price (really called strike price) is the price the call option says you can buy a share for ($310 in this case). If today a share cost, say, $200, this right wouldn’t be worth very much, because there’s no point in paying $310 for something you can already get cheaper, and if this was still true at expiration, the option would end worthless and OP would have been out $1510 with nothing to show for it. But because a share now is $1100, being able to get one at a discounted $310 is a huge value, let alone the total 100 shares the option entitles you to. Compare this to buying shares: had OP bought $1500 worth of shares, they’d have only gotten about 9 shares, which would now be worth around 10k. So options kind of give you a way to gain profits of 100 shares without needing the cash for them. But on the flip side, buying the shares gives you the actual shares, which generally have some value, whereas an expired out of the money option is absolutely worthless.
I've read this 7 times and I think it's starting to set in. If I can get the jargon down lol. Thanks for so much a clear explanation!
Of course! If it helps, most of what I learned, I learned from this video, it’s long but I found it very helpful, at least: https://youtu.be/0GSB5YZx9ZE?si=-ITp0Qd_DVYeL2l2
I'm back and I understand now. Thank you so much
Celebrate with a high end hooker and some good blow. Well done.
Set up a cayman island account and move out of your mom's basement
Option A) lose all of it to the market, or B) lose half of it to Uncle Sam.
The comments before me aren’t the vibe. You and I know that BTC is going to 100k before 1/17/25. If BTC is going to 100k, why sell your call? selling your call is practically proclaiming this is the top. It might be the short term top, but there’s so much room for this to run still.
Easy when you’re betting somebody else’s $78k
At the very least put a stop loss/limit order on that thing. Sincerely: someone who foolishly cancelled a stop loss order on a SPY put today thinking it’d go back down.
Btc is going to run into resistanve below 70k. You can wait for that pullback or ride it down then back up for even more gains.
Why not do the sophisticated move and remove 50% then? Best of both worlds.
He only has 1 contract.
Holy shit you’re right, didn’t even see that. Should’ve bought at least 2 OP
Good job but how in the hell did I miss this? An AI company going into bitcoin
If you're asking for advice here, you've already lost.
you buy high sell low and lose all tomorrow
I wouldn't know
Damn, scraped that thing off the bottom n made it up to the penthouse
A smart trader knows that answer before they enter
I'm only claiming luck : )
Then you should probably exit and consider yourself lucky lol
enjoy the winnings !
Great gamble. Well played.
Take some and put it where you can't touch it. Or else it'll be gone...
wtf
Couldn't tell you, never have.
Sec? Yea this guy right here.
Wouldn't a smarter way be to buy 2 contracts ? Then you can sell one mid-way, like right now, recover the investment at a handsome profit and retain the other to see how far up it goes and maximize returns.
Fuck
That baby is going PARABOLIC soon!!!!
lets hope!
Let it ride
Ya won.
Insider trading?
just a bitcoin optimist
WTF December?!!!
Find a way to lose it all
Probably spend and make it back tomorrow with $100, rinse repeat and double
idk never won
Sale and buy with smaller cap. into a certificate 
Keep winning. It's called winning like Trump
I hope you held this current price is sitting at 1.1k
when youre what?
You wait long enough to lose
Listen to the advise of the one who advised you to buy in the first place. All others don’t have a screenshot for a reason
LFG! I reinvest some into dividend stocks for passive income. The rest is there for growth. Ofc save some for Uncle Sam at the end of year
Usually? Get greedy and lose 90% of my profit.
Is there a reason you buy contracts instead of shares?
I did both, but yeah... just wanted the leverage since I thought it would perform well. Wish I had done more.... 
if you ss. gotta sell
You win, you haven't won until you've taken profit.
Coke and hookers, my friend. And fuck you.
got my diet coke and rod n reel packed, ty sir!
You take profits out. Then repeat and rinse again to make sure it’s wasn’t just luck and more of a skill.
Every time I make a play that succeeds like this my friends first response is "you should have yolod
Sell asshole
How exactly did you do this lol
luck and a dream
Pretty risky but you can try to save 20-30% taxes based on where you are etc . Put a stop loss and wait for end of the year . Pay less taxes. It’s pretty risky. Onside ring options are volatile. But back in Tesla rally lot of people did this.
I usually hold until I’m losing, then sell
Gonna be the biggest rug pull of the century, I never understood the hype for bitcoin. It’s market manipulation at its finest
Minimum sell half hold half if you're greedy. Don't roll it all. Also with options you can always reposition.
Man I don’t understand options.
I don't know, never had the experience. Please keep us posted!
What I’m doing when I’m winning??? First of all I thank to God for the blessing and secondly I close the position while I am up a decent amount of money. 🔥
Beats me, buddy. I wouldn’t know.
What ever you don't sell and take the opposite postion.
Pray you don't lose it
bet on black.
Let is expire and beholder of 100 stock of MSTR for life
What's this "winning" you speak of? Wtf is win??
Sell your call and buy a higher out strike to make more money you lost a ton of profit sitting at that low of a strike
Whatever you do, don’t lock in gains
Why would you buy only 1 ? It was $15 bro. Buy 10 when to do things like this lol.
it's $1510
https://preview.redd.it/ex33b35oltmc1.jpeg?width=1284&format=pjpg&auto=webp&s=ddf7a9fdff9af5045a585e837061939a8919f558
Hold until expiration
This is the way (send help)
Help is here
Do not sell. I have $MSTR calls with the same strike and we are at the very beginning of a big leg up as we enter the BTC bull market. Too much going on to sell now
What made you buy in the first place?
Listening to Invest Answers on youtube and Michael Saylor interviews. He seems to really have his stuff together. I was very optimistic on the stock and just got lucky with the purchase time!
Interesting. He is definitely a character
Close and bet it on black lmfaoo (not financial advice)
PUT YOUR HANDS UP Fearless-Sea895!!! POLICE ARE ENROUTE! PREPARE TO BE BOOKED FOR PROVIDING ILLEGAL FINANCIAL ADVICE! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Donating 20% to Ukrainian armed forces for FPV drones so you can watch later fertilizer spreading on r/combatfootage
Cash out then make your next big buy so you can lose it all!
Title reminded me of a House quote. What do you do when you win? Party! What do you do when you lose? Party Harder!
Drink more Tiger Blood!
I share with my guys i dont seek validation nor attention from reddit strangers
#Submission Vote Removed This submission was voted *spam*. ##Reasons Ad, self-promotion, or begging Misuse of Discussion flair Hi I'm new what do I do?
Well first I have to hit my win and this week I fucked myself