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/biz/ - Business & Finance

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30058513 No.30058513 [Reply] [Original]

Just doing a sanity check to make sure I've got this right:

I have 100 AMC stock. If I sell to open, strike price of 16 on March 19 or some shit, it's basically free money. Since I actually own the stock, I am not at risk of losing $100000 or something ridiculous because it goes up, right? I'm just limited because if it actually reaches 20 bucks, I have to sell my existing shares for only 16.

>> No.30058577

ya it just caps your upside

>> No.30058856
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30058856

>>30058513

>> No.30058975

>>30058513
How do you do that on Robinhood

>> No.30059433

>>30058577
Alright, just making sure.
>>30058856
You're welcome.
>>30058975
No idea because I don't use it. Maybe it's not allowed for safety reasons.

>> No.30060854

I'm confident in this stock but I still feel like an idiot

>> No.30060964

>>30058975
Buy 100 shares and sell a call ...

>> No.30060982

>>30058513
Cringe

>> No.30061478

>>30060854
You can’t be confident in amc and not be an idiot they’re synonymous at this point

>> No.30062057

>>30060854
>I'm confident in this stock


????