What's up guys and welcome to wall street millennial on this channel, we cover all things: stocks and investing in this video. We're gon na go over the greatest gains and losses on the wall street best forum from the past week. So we can learn from other people's experiences before we get into the video we'd like to thank our channel members who get access to these non-time sensitive videos one day in advance. They also get to vote on some of our video topics.

First up, we have user ball hoops 365. This robin hood user, made. The unfortunate mistake of buying into amc calls right when the calls were at their highest prices. He bought four contracts for an average cost of 13.30 per option.

If you haven't been living under a rock, you know that amc stock has absolutely mooned in the past week, possibly even more so than gamestop did in the original late january short squeeze. It now trades above fifty dollars a share compared to about two dollars a share. As recently as six months ago, countless wall street best followers have made big money on the run up in amc largely at the expense of short sellers. However, it is possible to buy at the top and lose money, especially if you buy when the options premiums are inflated.

This trader did exactly that with a break-even price of 86.30 in an average cost of 13.30. We can calculate that the strike price of his calls is 73, despite amc's epic rise to sixty dollars a share at one point last week. It was not enough to push his calls into moneyness by friday june 4th, which was the expiry date. This led to an 80 loss.

At the time the screenshot was posted. If he had helped till expiry, he would have lost the remaining twenty percent as the options expired worthless on friday. Such a trading failure can only be ridiculed by the comment. Section.

User vixxy48 implies that the theta decay that inherently plagues any options value is what caused the decline to zero cluttered smoke says that, because of massive theta decay, it is not a good idea to buy options during volatility. Another commenter says that if you do buy options on stocks with high volatility like amc, then you have to make sure that you get out of the position very quickly. Better luck, next time on your future trades. Next up, we have user matt martigan, who is holding the bag on clover stock clover.

Health is one of chamath, paula, hapatiya's specs from back in the glory day of spax, and it spiked in price, pretty much right out of the gate, nearly doubling in price late. In december, however, issues with the company, including a bombshell report by hindenburg research against clover, send the stock plummeting back down to below seven dollars a share. At one point, more than thirty percent below the original spac price, it has been slowly bleeding out for close to half a year. Now that's bad news for this trader who owns what was originally more than one hundred thousand dollars worth of clover stock.

He bought it for a total cost basis of about 12 dollars. A share at the time of the screenshot clover was trading at around the eight dollar range, bringing his unrealized losses to thirty three percent or thirty, four and a half thousand dollars. However, after an apparent mini short squeeze and renewed interest from retail investors, the stock seems to have gotten its mojo back. It now trades within shouting distance of 12, a share which, if the op had held those shares, wouldn't mean that he no longer is in the red for the investment with the diamond ham.

Starting to pay off. Many commenters are encouraging of the op's position. User. Admirable medium 425 urges eop to hold the line and that the rest of the clover health gang will get the stock price up sooner or later.

Others exchange rallying cries like the days of gamestop. It's looking like clover. Health has a chance of becoming the next wall street bets hype stock. Next, we have a trader who has been on the right side of the trade for both gamestop and amc.

He claims to have made fifty thousand dollars on both gamestop back in january and amc recently. Now he is all in on clover, health and already made significant gains on it. He says that he moved into clover health last friday and is enjoying the moving clover stock. Since then, he is probably referring to the 33 one day gain in clover that happened on monday.

Luckily, for the op, he was already all in on clover for 160 thousand dollars of stock. At the time of the screenshot clover was at ten dollars and ninety cents a share, bringing his gains to thirty two thousand dollars, mostly in just one day. However, with clover now at twelve dollars, a share, his gains should be more like forty thousand dollars. By now.

The op thinks that clover might be a better long-term hold compared to amc at the current lofty levels of 50 plus. He hopes that the ape community can bring to clover what it did for gamestop and amc, and so far it seems to be clover seems to be interesting. Some newer members of the wall street best community user ghetterly says that he aspires to one day make enough gains to have a six-figure portfolio like the op. The op then responds that he only had a small amount until the beginning of this year when he hit the gold mine with gamestop and amc.

His advice is to just watch for squeeze potential. In his words, wall street vets is as much a blessing for trading ideas and discussion as the hedge fund. Companies are a curse for us retail traders. Congratulations on your games.

Next, we have an insane gain on the ongoing amc short squeeze user. Plentyload 1589 has made 1283 returns on a 1600 investment in amc that adds up to twenty and a half thousand big ones in games. Eleven thousand of those were from one day alone. You already know that amc has been rewarding shareholders over the past several weeks.

Five exiting in price in the past couple weeks alone on wednesday june, 2nd the stock doubled in one day alone, which is where most of the ops dollar gains are from. What's more impressive, is that the op did not even employ options to reach these gains. He has been holding the stock since late january and diamond handling it since then, which is how he was able to stake it out over the course of february march april and most of may, without losing all of his capital to theta decay. The impressive thing is how he was able to maintain diamond hands for all this time, even after the original short squeeze ended.

Commenter, perfect brown 7178 congratulates the game but questions whether a sixteen hundred dollar initial investment really counts. As a true yolo, depending on your financial position, it's safe to say that sixteen hundred dollars can definitely be counted as a yolo. His massive four figure percentage gains as well as his four month. Long diamond hands should leave us in all of his trading fortitude and discipline.

Turning a relatively small amount of money compared to other yellows we've seen on wall street bets into more than twenty thousand dollars, which is a comparatively large amount of money, is extremely impressive. Congratulations on your gains wall street best user jimmy for shoes has had a pretty depressing past few months his portfolio has declined a whopping 92 percent or 20 877. Over the past three months, most of his losses came from options plays on meme stocks, including rocket companies. Microvision tesla and gamestop he originally funded his account with eighteen thousand dollars and reached a high of seventy thousand dollars during the first gamestop short squeeze.

Instead of cashing out his life-changing amount of money, he decided to reinvest his chips into the casino that is meme stock options trading. He wanted to get in on rocket companies after its february short squeeze. Unfortunately, the stock failed to hold onto its gains and it drifted back down over the next few months. This causes fds to incur huge losses, while microvision stock fared better than rocking companies.

During this time, he mistimed his fds and lost thousands of dollars on his trades. Despite his gut-wrenching three-month loss, this wall street bets user is not giving up yet he's going all in on blackberry leaps expiring in january of next year. While leaps are risky, they are considerably less risky than fds, as they allow more time for the stock to go up as a meme stock, blackberry trades somewhat in line with gamestop and amc. It has increased more than 80 percent over the past few weeks, benefiting from the momentum of amc.

In fact, blackberry has actually surpassed amc for the most daily mentions on wall street vets as of june 7th, while the op has a long way to go before making back his 20 000 loss. Anything is possible. We wish you luck. The next investment fail, we'll cover, is of much greater magnitude.

The amc short squeeze has seen many wall street bets users bag life-changing attendees. On the other side of the trade, there are short selling hedge funds, who collectively lost 4.5 billion dollars in the eight days leading up to june 3rd. During the first gamestop short squeeze, hedge funds lost almost 13 billion over the course of just a few days. The losses were heavily concentrated on melvin capital, which came within inches of bankruptcy and had to be bailed out by fellow hedge fund citadel in .72.

After incurring such catastrophic losses, you would think the heges would re-evaluate their strategies of betting against memes talks if boom. We can't get fooled again. Short sellers have actually doubled down on their short amc positions. According to s3 partners.

Amc's short interest was around 90 million shares as of june 2nd. This is around double the level before the initial short squeeze in january. This has led to even more losses for the hedge funds. Stop it get some help even interactive brokers.

Ceo thomas peterfield said that it's extremely dangerous to short any of the meme stocks and he recommends against it. This is despite the fact that he thinks they are overvalued and will come back down to earth eventually uh. You know that the fact is that, on the long term, stocks always approach their fundamental values, which, in these cases is much much lower. So while it is extremely tempting to short these stocks, but unless you have a huge liquid resources, please try to resist the temptation uh, because these prices can go to unimaginable heights before they settle down to a reasonable valuation, and you may have to cover on the At the height uh, under the high point and and uh, if, if you do not have enough money to to shoulder the margin, calls thomas, i might be offended.

I think if, if i were a reddit trader or or one of the so you're saying you have sophisticated uh investors, they have more money than the average investor. I guess 250 000, but only 2 percent are playing in the meme arena. That sounds like you're saying that that that consists mostly of unsophisticated traders, was that your intention to to imply that well, look i mean no, the the shorts are certainly uh, i would think, are the more sophisticated ones than the longs uh. But look i mean eventually these stocks will go back to their volume, which is roughly maybe single, digit dollars, if even that and uh, so on the long run, the loans will lose their money.

So if i, while you, while you may uh, try to catch a a sudden drift upward as a trader, i i would recommend against being all right. So all right 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 check out our second channel wsm research, where we post gd on high growth stocks in the meantime. Thank you so much for watching and we'll see you in the next one wall, street millennial, signing out.

.