$NVIDIA (NVDA.US)$ 5000 contract put buyer January 80s puts ...
$NVIDIA (NVDA.US)$ 5000 contract put buyer January 80s puts almost a million dollars was bet Friday.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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LittleSoldier : So I’m curious cause I don’t know enough about puts? Basically it’s betting the price will fall to a certain point? What do you mean when you a say bet? How does that work out? Does he lose a million or is that what he would gained? Or do they lose only what they invested initially?
ETONA : so mostly it will become 75 below![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
short till it strike, double money
10baggerbamm OP ETONA : it's not a double in the money it probably would be about a 10 to 15 fold return depending upon how quick it falls it could even be a 20-fold return.
ETONA 10baggerbamm OP : i mean from the short and put![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
the put itself is fold
but yeah money talks
people who win 10x fold will not post in the forum
10baggerbamm OP ETONA : we're not talking the same language I have no idea what the hell you just said.
ETONA 10baggerbamm OP : is ok then brother![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
just my 2 cents