What's up guys and welcome back to wall street millennial on this channel, we cover everything stocks and investing in today's video. We're gon na go over the biggest trades from the wall street best form of the past week, so we can learn from other people's experiences. First, let's take a look at a near total loss on the tesla yolo user. Juju stocks went all in on tesla a while back with 690 strike, calls on tesla expiring on june 25th, as of the very next trading day after expiry, tesla was trading just under the strike price of 690.

A share, unfortunately, calls don't pay out any money for being close to the strike price. The result was that a few minutes before the end of trading on the day of expiry this trader's position had degraded to 2 cents per option down from 4.67 cents paid 14 000 of initial investment was wiped out entirely. To add insult to injury, the day before expiry on june 24th, tesla actually reached 696 dollars a share. That's six dollars above the strike price, meaning that the calls would have been profitable if he had sold them.

He would have been able to sell for some amount of money greater than the six dollars of intrinsic value in the options at that time, which would have been at least a thirty percent gain on his four and a half dollars per option investment. But he didn't, and those calls all ended up, expiring, worthless. Commenter ors823 says that the op should use this experience to learn not to be too greedy. Perhaps it would have made more sense to sell a little bit once he had made some games.

If you didn't. Do so good luck on your future plays? Next, we have user your xk with a massive gain on virgin galactic. This robin hood trader made more than 20 000 in just one day off of his out of the money calls he paid. Only four cents per call option, and now they are worth a staggering four dollars and 10 cents each with 100 contracts equal to 10 thousand total call options.

That brings the total price appreciation to forty thousand dollars virgin galactic stocks shot up forty percent in one day on june 25th from forty dollars a share to fifty six dollars a share the catalyst for the sharp move upward was the company securing faa approval to send People into space - this was a major milestone after months of failed test flights and speculation, that virgin galactic was falling behind competitors like blue origin. After a test flight of their spaceship 2 on may 22nd, people started speculating that virgin galactic might actually be passing jeff bezos in blue origin in the race to send a human into space after getting faa approval and confirming that the may 22nd test flight went according To plan it seems that virgin galactic might actually be ahead of the competition. This stock is one of the og wall street best meme stocks from the spack era, as one of jamaat paula, habitat's biggest and most successful spacks as such, a gated virgin galactic is taken. Well, by commenters, who wouldn't love to see a 200 bagger in one day, one person does try to detract from the glory of this 40 000 profit, suggesting that the gains were the result of insider trading rather than trading skill.

However, he is quickly dispatched by true wall street bets apes. Congratulations on this massive game! Next up, we have a massive gain on alibaba user. Significant way, 2624 was all in on alibaba calls specifically 280 strike calls expiring in january 2023, 230 strike calls expiring in july of this year, and 250 strike calls expiring in june of next year. All limp he put about 50 thousand dollars into this yolo alibaba stock has been depressed since the archaic's hedge fund incident a few months ago, but in recent days has rebounded strongly.

It is now trading around the 230 share range up from about 210. A share previously, because this trader held slightly out of the money, calls with a lot of time till expiry. He was able to profit from a highly leveraged position in the stock, making more than 25 000 of pure profit. One interesting thing to notice about his three positions is that the farther out the expiry of his calls the higher the strike price.

His calls expiring. The soonest in july of this year have a strike price of 230 dollars, which is around the current price of alibaba stock, because the expert is very close. The lower strike price helped them become at the money before expiry and now have more than tripled in value. Since the op bought them, the calls with the next earliest expiry expiring in june of next year, have a strike price of 250, because there is more than a year till expiry.

The op was more ambitious with the strike price and they are still 30 out of the money. The calls expiring in january of 2023 are even more out of the money with strikes of 280 dollars. However, because there is so much time till expiry, he was still able to make a nice 40 return on it so far with a year and a half left to make even more gains. The op strategy of buying long dated options might have saved a number of fellow wall street vets traders, some frustration, user.

I was right once limits. The fact that he owned calls on alibaba, like the op did but sold them too early before the real games came in lord cheshire says that psychologically he'll hold losses all day long, but as soon as he breaks even or makes a small profit on a trade. He gets a strong urge to sell the op strategy of holding long dated options might take some of the short termism out of these traders. Heads congratulations on your massive gains.

Next, we have a wall street betstraider who nearly had a heart attack due to a negative 1 million balance showing up on his td ameritrade account. He had been trading options on amc, including short put positions. He says that he received an email from his broker, saying something about his short put option being assigned and that he now owes 1 million to service his contract. Sure enough, when he looked on his ameritrade app, he saw a 156 thousand dollar negative buying power balance with zero dollars of cash.

In his account to make matters worse, he is unable to view his positions and balances in further detail on ameritrade's website due to website maintenance. Understandably, he is feeling the impending doom and asks what he should do about it. This shocking realization puts the op in the essence of wall street beth's stupidity, at least in the mind of commenter no cry. However, this commenter soon realized that, because the opi's full trait was a put spread that his losses should be capped.

Another commenter says that if your broker is saying you owe them more than 1 million dollars, then it is clearly an issue with the broker. Not you. The upper leg of the amc put should have been exercised, which means that the op's put spread has expired fully in the money, with a put spread if the lower leg gets assigned, then that means that the upper leg should also have been exercised, leading to the Max gain possible for the option strategy. The op then confirms that he indeed had a put debtor spread with a 75 and an 80 leg.

Also, the problem with the negative balance seems to have been restored. It turns out that the negative one million dollar balance was a glitch in ameritrade's broker jet and the ob probably actually made money on the position, but still seeing a negative 1 million balance on your trading app. Even if it is not real, understandably, has been known to almost give traders heart attacks. Next up, we have a truly painful loss, courtesy of user weight.

This isn't 4chan. He posted this screenshot of a yolo on blackberry of epic proportions. About a month ago, blackberry benefited from a huge short squeeze around the same time as amc and other wall street bed. Stocks were also spiking at its peak blackberry hit about 16 a share briefly.

It looks like this wall street best trailer bought at or near the peak, with a cost basis of about 14 and 38 cents. Since then, blackberry has been on a slow bleed down towards its original levels, so far down about 20 percent and it's brought our friend's quarter million dollar portfolio down with it so far, he's lost a whopping 58 000 of his 295 000 initial investment in blackberry stock. With that big of a position, even a small percentage change can mean a huge amount of money that 58 000 loss is about the same amount of money that you would pay for. A porsche sports car and based on the chart it looks like blackberry, could be in for more losses going forward at least being part of a community like wall street best can help traders cope with their losses.

Two others commented that they are also down 47 and 25 respectively on blackberry, yet another person is also down 19, just like the op and now does not feel as bad, knowing that others have also lost, and yet another commenter encourages these traders to have diamond hands. In the hopes that blackberry will soon go back up, good luck to anyone who is still long, blackberry, alright, guys that wraps it up for this video, if you like, the content, make sure to smash that like button and subscribe for future videos also leave a comment. Saying what you think about these trades as always? Thank you so much for watching and we'll see in the next video wall street millennial signing out.