$GameStop (GME.US)$ clarity for those gambling: Traders have...
$GameStop (GME.US)$ clarity for those gambling: Traders have options contracts for a huge volume of GME stocks that they've bet will be sold at $x price example $20. Of which a huge bunch expire this Friday 17th May. At that time if the price isn't $20 they must buy the stock at whatever the market price is example $40. The problem is, if WE don't want to sell for $40 the price 🚀 to a premium people are willing to accept and that is where those actually holding the stock make $ and those who bet against it loosing the difference 🔪.
I've tried to make it as layman as possible probably oversimplified and missing many detail. But so many are gambling so, hopefully others can expand on this to give you clarity wtf is actually going on here.
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APHGsmall : thank you for this! finally someone to post in layman's terms so I can understand rather then switching to google to remind me what everything means every 2 minutes!!
Hin093 APHGsmall : maybe you should really do your own google searches instead. Options gives investors the RIGHT, but not OBLIGATION to buy/sell at x price
cmawer OP : feel free to add more clarity.
trying to put it into words everyone can understand.
重案组之虎 - 曹达华 : thank you and i just loaded anothe 20k