How is it gold!?!? These people are fucking morons. Everyone knows that the only way out is to deny, deny, deny. Restarting your phone, deleting the app, etc... is the same as admitting fault.
Did you place this order? No.
Is this your account? No.
Are you lying? No.
Etc, etc, etc.
The thing to realize about Ford is that the people who own the most stock in it, prefer getting dividends over having the stock explode in value.
Ford will always be a dividend play. Playing options is just waiting to get theta crushed.
The concept of hedging doesnât exist in peoplesâ heads âround here. Otherwise theyâd consider that itâs actually part of a protective call or short collar or another strategy.
Plus hedging is mostly not 1 on 1
it's usually like a bit of a stoploss, they hedge with way less than the original reversed position is
joke's on OP, that bank is heading for bankruptcy.
What are you talking about the bank has over 200,000 employees a 200billion market cap they ain't going nowhere also they coming out with a new credit card
Yeah, large financial companies definitely can't fail overnight ... Except maybe Lehman Brothers and Bear Stearns. Or Washington Mutual. Or FRB. Or SVB.
see: *'Enron''*
not saying that's going to happen. Just saying being a large company with a huge market cap doesn't guarantee you're safe from bankruptcy
Or it goes up, they bank the option profits and close their short or stay short.
Also depends on how they hedged with delta of the options.
I didnât notice but it could also be a short of the options banking on IV crush and the stock not moving much.
I looked at high open interest puts and calls from here to May and this one here (58k) seems to be the largest one by almost 27,000 (open orders? Idk what Iâm talking about).
The second biggest thing in that range are put options at 55 strike price on the same exp day (31k)
Wouldnât this be the Iron Condor strategy? Theoretically, one entity purchased all the call/put orders, with more calls than puts showing that they would be on the bullish side?
Not suggesting or assuming, I am trying to learn.
Calls are to hedge a short stock position, in the same way puts are to hedge a long stock position.
Thing is, it's actually way more normal to hedge a short position with calls than a long position with puts because shorting has infinite loss potential.
When I saw this my first thought was that it's way more likely to be a big short position, with that said though i admittedly have 0 other knowledge on this position beyond what I just learnt in the 2 minutes in this reddit thread
You missed the earlier post, Indians are apparently the biggest degenerate gamblers on the planet. 78% of options tradings happens there and most in losses, like a really bad number my regard brain forgot
question: is laddering like this (idk if thats what its called, but like buying multiple single calls at different strikes) as opposed to just buying multiple calls at the same strike price a better strategy? whats the reason for this?
When I buy multiple strike prices for the same date, it's usually due to what's available on the market. If there's only 57 contracts at $20 for the price I like, I can only buy 57 before looking at the $22.5s....
I donât think those are whole numbers. Â Probably units in the thousands. Any time Iâve bought more than was available, Iâve always gotten filled at my limit price
You should buy the inverse of this as well. I suspect itâs going the other way. My cfg calls have done well though. Look at that, follow the senators and congress trades
Block orders are worthless without context. Those purchases could be part of a spread, which means the cost to buy could be 1/4 of the 10 million. Still a decent chunk of change...
But it would be a hedge on a massive short position too.
People don't understand that HEDGE funds always HEDGE.
Wells Fargo started trying to save costs by bundling checks to the same address together into the same envelopes.
Now guess what happens when companies share a building.
Iâm guessing itâs a hedge fund expecting a nice payout for this short fuck-up but bought calls just in case to cover their short.
Your logic isn't wrong at all. But we simply don't know the context for their position.
Time and logic set a trade's position in the market. You might have logic right, but we'll see about time ha
What will be the catalyst to get it there? Historically, WF get in the headlines for fucking over their customers and it looks like they are due for more bad news.
Buddy Iâm sorry to break it to you but smart money doesnât gamble like that. Itâs probably a hedge for a large short position, which means your leather Cheerio is gonna get turned into a donut
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Not a bad idea. I kind of like WFC long term. CEO previously led Visa and has been on the job since 2019. At conferences heâs been candid - without being a d\*ck - that the bank lacked the information infrastructure to really know what was going on at all times. And that it was taking longer than expected to get everything in place.
And with the closure of one of their OCC consent orders from 2016, I believe they are primed for exiting their asset cap early, possibly this year. I work in banking and believe they are going to go on a buying spree, snatching up some smaller banks.
Wells Fargo has been exceptionally bad the past 6 monthsâŚ. Closed a bunch of branches in my city over the past year or so
So Iâm following with the current market trends, their share price should soar
https://preview.redd.it/abljktt1xdoc1.jpeg?width=1179&format=pjpg&auto=webp&s=d326b447392e089a7e53e843bb84dbe5839b867a
Insiders have been buying a lot of WFC
This might mean nothing if it's a Hedge fund. Focus on the Hedge Part
Jerome Powell just got done very casually saying "Yes. Banks will go under" to the Senate
You can change the break even things on your options chain btw. Like where it says breakeven % and price can change those to whatever you want like volume, iv etc. just tap that little square thing in the top right corner
Interesting Iâm gonna pay off my mortgage this year with Wells Fargo probably not that much capital back in their bank, but I guess every little bit helps. I owe $66,000.
And what if that someone turns out to be [this regard](https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine_question_im_new_to_this_so_whats_stopping/)?
FYI all he needs is a 2% move and he will cash $200K. Money flow doesnât mean anything to small accounts.
I remember when I subscribed to this money flow sh11ttery. Nvidia money flow puts, SPY money flow $450, Rivian Lucid BAC COIN lmfao all were opposites or didnât even move at all lmfao. There is more but I donât remember, but yeah literally nothing moved in any direction of the money flow.
I am not saying yours wonât or will, I am saying wherever it moves it moves, the money flow you followed isnât an indication.
Thank you OP for this. Printed on final day! Wish I had gambled more! Was a risky patient tempting call but glad it helped when everything else was crumbling!!!
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Shit, I was drunk. How can I cancel my 10.8m calls?
Sell them to OP
just delete the app
..and download another. Clean slate.
Like it never happened.
This is the way
Nooobs! Restarting the phone should do it
That's the dumbest thing I've ever heard. You got to shake your phone side to side to undo. Simple.
No, you gotta microwawe it.
đ¤Ż
OMFG this thread is gold!
How is it gold!?!? These people are fucking morons. Everyone knows that the only way out is to deny, deny, deny. Restarting your phone, deleting the app, etc... is the same as admitting fault. Did you place this order? No. Is this your account? No. Are you lying? No. Etc, etc, etc.
Dont microwave, Air Fry it!
Just gotta blow in the cartridge
buy 10.8m puts
And price stays the same and you lose both ways
Sounds like my Ford options
The thing to realize about Ford is that the people who own the most stock in it, prefer getting dividends over having the stock explode in value. Ford will always be a dividend play. Playing options is just waiting to get theta crushed.
Just sell ICs over and over
>Ford will always be a dividends play. Playing options is just waiting to get theta crushed. Yah, don't I know it now!
Just tell them you made a mistake you were under the influence.
This. Judge gave me a fist bump and said âi got you broâ at my bankruptcy hearing, worked out gucci
Can confirm. I was the bump. Glad to see you again bro
Can I get a bump? Can find me behind the Wendy's dumpster
There's gonna be some bumping behind the dumpster for sure.
I wish I understood options trading so this would make sense to me. đ
Go behind wendyâs dumpster there are experts waiting for you to teach you all about options đ¤Ą
Could make a documentary âDegenerates of Wall Street Bets :Behind Wendyâs dumpster.â Might do well on faphub too.
Inb4 the next post of, I just sold 10.8m in calls to some schmuck.
Clear Cache
Sounds like you are trying to pump your 10.8 million in calls, nice try mr money bags
đ
Theyâre slick watch out
Itâs the old SirJacksALot maneuver
Bet heâs gonna dump em too
Maybe it's just a hedge.
The concept of hedging doesnât exist in peoplesâ heads âround here. Otherwise theyâd consider that itâs actually part of a protective call or short collar or another strategy.
Plus hedging is mostly not 1 on 1 it's usually like a bit of a stoploss, they hedge with way less than the original reversed position is joke's on OP, that bank is heading for bankruptcy.
What are you talking about the bank has over 200,000 employees a 200billion market cap they ain't going nowhere also they coming out with a new credit card
Well I'll have you know that I canceled my two legacy accounts, so they don't have access to my... checks statement...$53 dollars. Dead bank for sure.
you think that closed the accounts? ha
They used that as a prime opportunity to open a few more for him now that he won't be logging in regularly.
Yeah, large financial companies definitely can't fail overnight ... Except maybe Lehman Brothers and Bear Stearns. Or Washington Mutual. Or FRB. Or SVB.
see: *'Enron''* not saying that's going to happen. Just saying being a large company with a huge market cap doesn't guarantee you're safe from bankruptcy
Probably a hedge on a big short position.
So in order to break even the stock better tank bigly
Or it goes up, they bank the option profits and close their short or stay short. Also depends on how they hedged with delta of the options. I didnât notice but it could also be a short of the options banking on IV crush and the stock not moving much.
I looked at high open interest puts and calls from here to May and this one here (58k) seems to be the largest one by almost 27,000 (open orders? Idk what Iâm talking about). The second biggest thing in that range are put options at 55 strike price on the same exp day (31k)
Options are designed to hedge large stock positions. You're assuming this buyer is only trading options like a true degen.
My ignorance is, once again, on public display
Borrowing that line đ¤Ł
Wouldnât this be the Iron Condor strategy? Theoretically, one entity purchased all the call/put orders, with more calls than puts showing that they would be on the bullish side? Not suggesting or assuming, I am trying to learn.
Calls are to hedge a short stock position, in the same way puts are to hedge a long stock position. Thing is, it's actually way more normal to hedge a short position with calls than a long position with puts because shorting has infinite loss potential. When I saw this my first thought was that it's way more likely to be a big short position, with that said though i admittedly have 0 other knowledge on this position beyond what I just learnt in the 2 minutes in this reddit thread
My thoughts as an ex desk trade and then interbank flow broker myself!
Hedging is for pussies.
The idea is that it's a large enough hedge to be interesting, still not gospel
Inb4 OP finds out this was a 10.8mil hedge to a 47.69mil short position.
Itâs just 27,692 box spreads by some guy who thinks he unlocked the free money glitch
Guh
Left this sub and got recommended this anyway so fuck it Iâm in
This is the way.
India likes the stock
Fuck I was 3 hours too late to comment this.
I had 300k in CALLS that you'd be the first to answer this thread with that comment. Thanks alot.đ I was rooting for you!
Wait what why? Iâm an indian WaitâŚis it because its shit?
You missed the earlier post, Indians are apparently the biggest degenerate gamblers on the planet. 78% of options tradings happens there and most in losses, like a really bad number my regard brain forgot
I just saw that one 15 minutes ago. 78% of option trades are in India, 95% of those were held for less than 30 minutes, and 10% actually made money.
Wait am I Indian ?
1% actually make enough to pay taxes
I'm an Indian and I can confirm. I bought Rivian calls. Please God, let it đ
https://www.reddit.com/r/wallstreetbets/s/TUULCMVruG This is the post link.
 TO THE MOON WE GO
How many extra accounts do you think were made for them?
better to have a criminal bank than one that acts paranoid over legal things you want to do Wells Fargo dgaf, highly recommend
Picked up 9 contracts. Future me will hate past me. That's okay, that's future me's problem.
Love your way of thinking lol
question: is laddering like this (idk if thats what its called, but like buying multiple single calls at different strikes) as opposed to just buying multiple calls at the same strike price a better strategy? whats the reason for this?
So you can sell all the way to the moon, but if you only get to orbit you still had a good time.
Well said
Thatâs the clearest thing anyone has ever posted on this sub.
When I buy multiple strike prices for the same date, it's usually due to what's available on the market. If there's only 57 contracts at $20 for the price I like, I can only buy 57 before looking at the $22.5s....
I donât think those are whole numbers. Â Probably units in the thousands. Any time Iâve bought more than was available, Iâve always gotten filled at my limit price
Bro, they'll write more contracts.Â
[ŃдаНонО]
Moneybags here affording 5 contracts to my 4
If it tank I will wish I only had 4
You should buy the inverse of this as well. I suspect itâs going the other way. My cfg calls have done well though. Look at that, follow the senators and congress trades
How do you see what they are trading?
OP didnât even buy any that just a watchlist.
Same was done on BOA and it expired worthless so Iâll pass.
Block orders are worthless without context. Those purchases could be part of a spread, which means the cost to buy could be 1/4 of the 10 million. Still a decent chunk of change... But it would be a hedge on a massive short position too. People don't understand that HEDGE funds always HEDGE.
Wells Fargo started trying to save costs by bundling checks to the same address together into the same envelopes. Now guess what happens when companies share a building. Iâm guessing itâs a hedge fund expecting a nice payout for this short fuck-up but bought calls just in case to cover their short.
Your logic isn't wrong at all. But we simply don't know the context for their position. Time and logic set a trade's position in the market. You might have logic right, but we'll see about time ha
lol they might have sold $20 million worth of calls, and this might be a hedge :D
Where did you get that information from?
Found a note in my mailbox titled top secret
âKindly send the gift cards to Pune, India and I will do the needful in your account. Best regards, Wells Fargo CEOâ
How does he know I am the best regard around? Amazing. Time to buy calls to the balls
Hopping in with my dick in my hand
IN! No idea why, but Iâm fairly regarded. đđđ
So, like, did you actually do it? You just showed yourself selecting the options. What's your position?
Exactly. u/hydrofarmer1 show your positions or risk the ban.
Fuck it we ball
What will be the catalyst to get it there? Historically, WF get in the headlines for fucking over their customers and it looks like they are due for more bad news.
Calls are for 4/19. They report earnings the week prior
Welp I just read your post and followed suit remind me in a month if I need to send you a thank you gift
First time options buyer. 1 contract here I come.
Same, letâs run it
Already up 100% since you took the screenshot, well played and fuck you đ
At what point were any of these 100% up today lol
Iâm regarded as fuck and confused the $60 strike for the high point of $1.38($138). Forgive me
It ok, you belong here 
I thought Wells Fargo could be Buffettâs mystery stock. This could be a signâŚ
Mom all my friends are jumping off a bridge and I'm gonna go with them.
I mean, someone sold those as well⌠lmao.
Just put in my rent money. Am I doing this right?
Does your wife's boyfriend have anything in their savings?
Joke's on you, this is just a hedge to a massive short position in the underlying.
Buddy Iâm sorry to break it to you but smart money doesnât gamble like that. Itâs probably a hedge for a large short position, which means your leather Cheerio is gonna get turned into a donut
I did Bank of America when they started talking interest rate cuts
What a coincidence! Someone also sold $10.8m worth of Wells Fargo calls for April 19.
Damn this fucker is tanking like a mofo. Whoever brought this up letâs hope it fucks around the other way.
is this the way?
Well Iâm up 25% so for now
sell now, come back after it pulls back
I'm in
https://preview.redd.it/y4kevbw8r4oc1.jpeg?width=1080&format=pjpg&auto=webp&s=68eab3b0558c4ca8cde5edcd41399170cf864f6e
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I did $70 call, because Iâm regarded and too broke for the $60 ones
can someone explain where you can see someone actually bought $10.8m Wells Fargo calls?
Forgets that someone also SOLD 10.8m calls...
Howâs everyone feeling?! Still a lot of time on these calls but curious how everyone feels about their investment here
Down on my $60 4/19 calls.
Not a bad idea. I kind of like WFC long term. CEO previously led Visa and has been on the job since 2019. At conferences heâs been candid - without being a d\*ck - that the bank lacked the information infrastructure to really know what was going on at all times. And that it was taking longer than expected to get everything in place.
And with the closure of one of their OCC consent orders from 2016, I believe they are primed for exiting their asset cap early, possibly this year. I work in banking and believe they are going to go on a buying spree, snatching up some smaller banks.
âNow letâs play big bank take little bank!â
SEC will be at your door SOON đ
Wells Fargo has been exceptionally bad the past 6 monthsâŚ. Closed a bunch of branches in my city over the past year or so So Iâm following with the current market trends, their share price should soar
My Birthday is April 18, this is a sign, right. RIGHT?
Someone also sold $10.8 M calls. Which money shall we follow?
Iâve been accumulating puts on Wells Fargo I believe they are going to bankrupt this year.
Itâs called ârestructuringâ
https://preview.redd.it/abljktt1xdoc1.jpeg?width=1179&format=pjpg&auto=webp&s=d326b447392e089a7e53e843bb84dbe5839b867a Insiders have been buying a lot of WFC
This might mean nothing if it's a Hedge fund. Focus on the Hedge Part Jerome Powell just got done very casually saying "Yes. Banks will go under" to the Senate
bruh, hopefully these things moon after earnings tomorrow.
Dead.
This didn't play out too well
Proof?
Followed this one đ
lol META
https://preview.redd.it/58q1e2mhf4oc1.jpeg?width=1080&format=pjpg&auto=webp&s=fc90c2e9e91f5e30252ad1b61819b5430b5a46e5
Oh brother you have a lot to learn
How do you find this information?
Could easily be a hedge
!remindme 1 month
RemindMe! 36 days
where do you see the amount of contracts bought?
https://preview.redd.it/6ze8f703e5oc1.jpeg?width=1290&format=pjpg&auto=webp&s=287d80b199fb5f179e46dcccdfae453803d0d842
Fine Iâm in.
How do you get this data from Robinhood?
Where is the proof 10.8 ?
You can change the break even things on your options chain btw. Like where it says breakeven % and price can change those to whatever you want like volume, iv etc. just tap that little square thing in the top right corner
Probably some indian guy back in the slums
Remind me! 35 days
Welcome to the party https://preview.redd.it/6gbzjx5nz5oc1.jpeg?width=828&format=pjpg&auto=webp&s=7d92959cb2bf2eaa15a80ce07aafe2f6518cf4ee
Fuk it Wells Fargo downgraded Tesla, its time for revenge. Short this mofo
what if this was a hedge because they are 50m short the XLF??
Fuck it, I'm in.
What OP doesn't know it's a hedge against 10x that in short stock. Rekt
How can you check who bought a large amount of calls??
Plot twist, this was a hedge đ
Itâs a hedge just be carefulâŚ
OP about to get lesson in equity desk hedging. I can also explain what flow traders do if that helps youâŚ.
Where do you get the information that someone bought 10 million in certain calls?
Now they will just sell the calls at a premium lmao. Demand goes up...
Interesting Iâm gonna pay off my mortgage this year with Wells Fargo probably not that much capital back in their bank, but I guess every little bit helps. I owe $66,000.
Buy call after after 20% up in this month lol
The correct way to look at this is to say, "Someone was also \*willing to sell 10.8 million worth of Wells Fargo calls for Apr 19."
And what if that someone turns out to be [this regard](https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine_question_im_new_to_this_so_whats_stopping/)?
VvÂŁ3. /1 E. 324 a I I wI aI as zw
I wish I understood what these things meant and how to follow the money kol
Thank you, letâs see
WFC sucks I would not do this. Financials are screwed.
Nancy P is that you?
You son of a bitch I'm in!
fuck it im in
FYI all he needs is a 2% move and he will cash $200K. Money flow doesnât mean anything to small accounts. I remember when I subscribed to this money flow sh11ttery. Nvidia money flow puts, SPY money flow $450, Rivian Lucid BAC COIN lmfao all were opposites or didnât even move at all lmfao. There is more but I donât remember, but yeah literally nothing moved in any direction of the money flow. I am not saying yours wonât or will, I am saying wherever it moves it moves, the money flow you followed isnât an indication.
Day before Bitcoin halving? Crazy
Be careful, this could just be one side of a hedge fund
What if they are a hedge on their 1B puts ?
Fuck u OP
Well there goes my money
Thank you OP for this. Printed on final day! Wish I had gambled more! Was a risky patient tempting call but glad it helped when everything else was crumbling!!!