I've been reading wallstreetbets all this past week and people are turning this volatility into giant sums of cash left and right.
Im tired of being left out. I want to retire and move to costa rica. Predictit was fun, and I made like $45 dollars voting no on Yang, but it's time for the real money.
But I dont really understand it all. Look at this comment someone made today:
SPCE 4/17 5p are basically free money
Ok, so they're saying that Virgin Galactic Holdings is over-priced at 24.71 and this person is betting that by 4/17/2020 the stock will be closer to $5. Right?
That's a bit too far out to me, but what if I buy puts for 4/17 for, say, $12? Half the current price? Is that also free money?