For anyone who wants to track the Panda's position. Their av...
$AMC 220819 17.50P(AMC220819P17500.US$ For anyone who wants to track the Panda's position. Their average cost is 0.11 and they own 200 puts. That is a total value of 2200 at the point of purchase.
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des10 OP : Everytime it drops by 1 cent (or $0.01), they lose $200.
Dirtman :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Game On!
Robert Peterson des10 OP : of its puts, that's in reverse is it not?
BAG FINDER GENERAL des10 OP : He's a complete clown
des10 OP Robert Peterson : Hi there, I am referring to the price of the put :)
If the price of AMC were to fall, then the price of the put will increase.
超Ape : This is so fun! I am excited for panda to lose money woohoo
doctorpot1 des10 OP : this PUT option expires this Friday, since its strike price is 17.5, if AMC is above 17.50 the PUT option expires worthless. which means lost everything.
doctorpot1 des10 OP : the PUT tetha is -0.04 as well which means every day the PUT will drop by 4cents. so that's $800 lost daily if the share price don't move