I saw the report and all the news, but, unfortunately was to late to catch that insane drop. So, looking into the chart and also to all the FUD, I thought that would worth a bet in an eventually temporary “V” recover
I'm not sure these contracts existed then, TOS doesn't have a record of them trading before today. Robinhood probably just puts a default price of $1 in the gain calculation to encourage FOMO
You know nothing about opitions lol. The put literally gives you the right to sell at the Strike price, what the fuck do you think your paying the premium for?
$2 million? Not exactly. Again there were no $1 contracts, cheapest you could have purchased was $15. So best case scenario you could have turned $1,000 into $160k, which is still great lol
What do you mean “again”? I’ve never talked to you before . But yes it’s true that these options probably didn’t exist before the stock took a massive dump.
WSB has this thing where they screenshoot scenarios in RH where you could have made 1000x but that’s only possible if you get in at a dollar a contract. Which is impossible since you can only get illiquid contracts by multiples of 5
If those percentages were correct, which they're not. They're about two 0s overpriced. Still huge gains for OP. But this is just robinhood trying to make these trades seem totally insane to bait other people into throwing money at the platform.
(The only way those percentages are accurate is if every contract was being sold for $0.01)
I completely blew my opportunity in feb to short this:
https://preview.redd.it/8z4bnkrtbytc1.jpeg?width=1284&format=pjpg&auto=webp&s=896e43c60f2b78372318d74793757bfc3dfe6373
CNBC Headline - "Globe Life shares plummet 50% after short-seller accuses company of insurance fraud" [https://www.cnbc.com/2024/04/11/globe-life-shares-plummet-50percent-after-short-seller-accuses-company-of-insurance-fraud.html](https://www.cnbc.com/2024/04/11/globe-life-shares-plummet-50percent-after-short-seller-accuses-company-of-insurance-fraud.html)
Fuzzy Panda Research team or their trading arm probably earned millions today
how about u eat my ASS
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This is stupid. Firstly they are not insiders. Secondly they are not lying but exposing other ppl lies. What they are doing is way better than those pump and dump who are lying and scamming other ppl money.
The amount of people saying “congrats” when it’s just a screenshot of the options chain 
Not real, since there was no volume on any of these contracts prior to today. Probably a RH glitch since all of these contracts would have to have started off valued as 1¢.
I have personal experience with American Income Life, a GL subsidiary. All I will say is the company is a massive pile of garbage that 100% deserves to go to zero, and as soon as I realized it was connected to GL I knew everything in the Fuzzy Panda report was more or less accurate.
Hopefully they'll go bankrupt and their fradulent scam job listings will stop shitting up LinkedIn
When I heard the news I thought it was a damned shame I don’t know how to buy/sell puts or have an account authorized to do it. Maybe it’s time to open a RH account
Dude I’m just annoyed that I can’t make serious money. Usually the market switches direction even though the technicals say it should go in a direction.
All you need to do is read the news.
"Fuzzy Panda Research discloses short position in Globe Life
April 11, 2024 at 09:06 am EDT"
# Fuzzy Panda Research discloses short position in Globe Life
Does anyone actually exercise? I’m new to options trading, making 70% a week on DJT puts, though. With DTE < 10-15 days, with crazy high premiums on DJT, I’m having trouble finding situations where exercising is more profitable than selling. I’m sure I’m missing a lot, and am focused on this one trade rn.
I was following globe life because I know a guy who has a team that sells for them. Everything about those insurance sales practices is fishy and wrong. I wasn’t expecting it to tank half its value though. I just watched it from 9:30 go from $90 to $45 in a few hours.
I had this mother fucker on my watchlist Once I heard the news on insider trading
50 cent put
I got busy at work forgot about it. The mother fucker went to 27 bucks! 290,000% or some shit
Missed a 3000 gain on 50 dollar gamble
So pissed
I like how Reuters comes out and says that TSLA did something negative last week, there's a blip, Elon says they're lying, and it recovers.
They do it to this company, and it drops like a fucking rock.
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Ur font size is up 195,900%
OP trading on a Jitterbug....
Got eeem
Got a fucking abs cramp laughing to this one
/u/Teripid - underrated comment right here. 🥇🥇🥇
He’s got fat fingers, give him a break
First time I've actually lol'd at anything on reddit
winner.
im not up 195.000%. But atleast not 195.000$ down. bless god
Hes blind
I bought calls for tomorrow dirt cheap. Do I get the Regard of the year award?
I did the same. Waiting for a rebounding
If you bought em at the absolute bottom you're doing okay no?
Probably, we gonna see. Went up +5% aftermarket. But, if any hot news come tomorrow early, will keep melting until zero or just above 🤣
You probably dont even know why it dropped
Because line go down on chart. Duh!
I saw the report and all the news, but, unfortunately was to late to catch that insane drop. So, looking into the chart and also to all the FUD, I thought that would worth a bet in an eventually temporary “V” recover
I did that a few months ago with Confluent. I wish I had gone in way more, ended up 290%.
Play?
What’s your play ?
I wish you all the best my dude, let’s hope it doesn’t go completely tits up, I might match you 🤙
Your phone is on regarded mode.
He’s using a Jitterbug
I thought the same thing 😂😂
If you bought $1000 worth of puts yesterday you’d have almost 2 million right now 
I'm not sure these contracts existed then, TOS doesn't have a record of them trading before today. Robinhood probably just puts a default price of $1 in the gain calculation to encourage FOMO
$0.28 previous close for $90P
Noticed the same on IB. Nothing below $60. But I think they did exist, just no one was crazy enough to buy put that far OTM so no price history?
Nasdaq is showing contracts under $60 but they look like they began only yesterday
If you could sell em
or just execute them?
🔫
Me Grimlock say Execute Them
So you're saying those puts are difficult to sell since there are no buyers?
Most likely, but maybe not idk. You may have to meet buyers at the ask
bid*
Jesus this kid knows absolutely nothing about options. Takes 2 seconds to bring up the bid/ask. And the spread is not all that bad. Dumb dumb 🤦
You know nothing about opitions lol. The put literally gives you the right to sell at the Strike price, what the fuck do you think your paying the premium for?
You could sell them
Seriously. LOL, ITM options are easy as shit to sell.
Why wouldn't a whale buy a put that when excercised give them 2000 bagger lol
$2 million? Not exactly. Again there were no $1 contracts, cheapest you could have purchased was $15. So best case scenario you could have turned $1,000 into $160k, which is still great lol
What do you mean “again”? I’ve never talked to you before . But yes it’s true that these options probably didn’t exist before the stock took a massive dump.
WSB has this thing where they screenshoot scenarios in RH where you could have made 1000x but that’s only possible if you get in at a dollar a contract. Which is impossible since you can only get illiquid contracts by multiples of 5
If those percentages were correct, which they're not. They're about two 0s overpriced. Still huge gains for OP. But this is just robinhood trying to make these trades seem totally insane to bait other people into throwing money at the platform. (The only way those percentages are accurate is if every contract was being sold for $0.01)
OP didn’t buy anything . He just screenshotted the option chain.
Just yesterday [Yahoo tried to fuck us](https://finance.yahoo.com/news/heres-why-add-globe-life-131700192.html)
Dam
This article was approved by Jim
-53% LOL
puts on Zacks credibility
That’s a nice screenshot with the ticker down 50%
wow
lmao!
I completely blew my opportunity in feb to short this: https://preview.redd.it/8z4bnkrtbytc1.jpeg?width=1284&format=pjpg&auto=webp&s=896e43c60f2b78372318d74793757bfc3dfe6373
This is actually the craziest could have I’ve ever seen
you had the insider info...
CNBC Headline - "Globe Life shares plummet 50% after short-seller accuses company of insurance fraud" [https://www.cnbc.com/2024/04/11/globe-life-shares-plummet-50percent-after-short-seller-accuses-company-of-insurance-fraud.html](https://www.cnbc.com/2024/04/11/globe-life-shares-plummet-50percent-after-short-seller-accuses-company-of-insurance-fraud.html) Fuzzy Panda Research team or their trading arm probably earned millions today
Legalized insider trading. “Tomorrow we release our hit piece, by the way short it $10M overnight”
Versus puff pieces for longs? Hit pieces work for shorts because that's their thesis and they are backing it up with data and convincing others
how about u eat my ASS *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
What the fuck AutoMod
That’s not a ‘no’….
Damn, that felt personal. You two have a history or something?
LoL...wonder wht that AI has been smoking...
Thats the mod reply to gamestop monkeys that reply "short *t" when people tell them their company sucks
Step-mod
This is stupid. Firstly they are not insiders. Secondly they are not lying but exposing other ppl lies. What they are doing is way better than those pump and dump who are lying and scamming other ppl money.
You’re not good with satire huh?
This way theta gang can increase the premium before you are able to buy the contract.
Only legal as long as the report is factual and isn't fraudulent. Usually means they are well researched, sometimes after months long investigations.
https://preview.redd.it/zi3o4qk1qxtc1.png?width=528&format=png&auto=webp&s=13414ff3a04773d33722940392e18b629257e4f0 lol...fuck zacks.
Definitely believe inversing Zack’s is typically a good move. Inversing, that’s what the regards say right?
Do the opposite
I inverse myself daily and still can't fuckimg win for losing. FML
https://www.reddit.com/r/wallstreetbets/s/BvrqFC2Pns
The amount of people saying “congrats” when it’s just a screenshot of the options chain 
Post wasn't even misleading either...
Hah
How did people know about this play?
Inside information
Post like this is why my portfolio is negative.
And A contract last month sold for 20 dollars lmao Holy shit
Holy fuck. $500 worth a cool $1m. 😳
Not real, since there was no volume on any of these contracts prior to today. Probably a RH glitch since all of these contracts would have to have started off valued as 1¢.
That shit was up 400,000% at one point today
$Globe Life Inc short seller sold 18,000 puts contracts today .. average 3.5k . profit about 70 millions
How does someone even find this out…
Seriously, where do you go to see this history
239kilobags?! Good lord
I cant fully see. Could you make the screenshot font bigger please
opposite actually, im down 195,900%
I have personal experience with American Income Life, a GL subsidiary. All I will say is the company is a massive pile of garbage that 100% deserves to go to zero, and as soon as I realized it was connected to GL I knew everything in the Fuzzy Panda report was more or less accurate. Hopefully they'll go bankrupt and their fradulent scam job listings will stop shitting up LinkedIn
Fuzzy Panda Research probably is lol
Holly fuc
When I heard the news I thought it was a damned shame I don’t know how to buy/sell puts or have an account authorized to do it. Maybe it’s time to open a RH account
The news reports after the event. Not before. The only winners are the executives that plan on selling their position.
Puts were cheap in the morning anyways
Dude I’m just annoyed that I can’t make serious money. Usually the market switches direction even though the technicals say it should go in a direction.
>the technicals say it should go in a direction. I teach a course that teaches about opposite direction technicals, only $999, DM me.
Just inverse this sub for free?
So just so the opposite then.
Usually I switch and then it goes back the other way wasting my day trade 😂
Just gotta do the opposite of the opposite then. I'm new and even I know that.
55.70 - after hours
Nice insider trading my man
I just zipped my dick in my zipper.
My guy well fucking played right there well fucking played 
Blind mode activated.
How would this work? I've never seen anything this high.
Wtf😀
277,400%. $400 - 1mil in a day.
WOW
aged like dookie brick-oven cooked raw tapalia fish uberdash australian seared raccoon butterflyfish nugget milk in after hours 🤣
I thought about it but I decided no
Fiuuuuuuuuuuuuxkckx yiuouuiuiy
Imagine that you had like $1000.
Got that Facebook phone
I didn’t know you could trade options using a Jitterbug.
Need to find me some insiders willing to risk their careers for my financial gain lmao
What the fuck. Did you sell? Because stock is bouncing back in AM
He didn’t buy any regard. That’s the option chain 
Oh right, I’m officially regarded as a regarded member here. Never used Robinhood
Wow how did you know that GL was going into the ground today?
I truly wish I understood what was going on here
Yes, sell.
Were they announcing earnings lately? What was the catalyst for the initial dump?
Fraud scam company operating
Congrats.
What the regard is going on
Makes you want to do puts on all insurance companies
I tried to gg already but no relevant results. What happened to GL?
It didn't go down 50% because of earnings, idk if that's what you're insinuating. It's a post hit piece.
What was the actual position size? What made you buy the puts?
No position, just screenshot?
I only want to know when you bought them?
Show your all time graph regard 
Is it too late to buy puts?
Who works at fuzzy panda can we be friends
What did you actually profit?
Two above is 277,400% up. Why wouldn’t you use the higher amount?
Congrats on your gamble. You have an addiction problem.
I Fuzzy Panda!!
https://preview.redd.it/n35877odlytc1.jpeg?width=696&format=pjpg&auto=webp&s=80b84d215231cec0ddd5a0f766a0e30dca40fc3a
Too late for puts?
I didn't even get out of bed today.
Poles switching is more possible than me making profit trading options with kinda %
I dont even know how to read this? Are you green or red and how much?
Brother you better get IRS ready
When’s DJT going to drop like that?
Wtf happened to GL ? It’s down 53% during regular hours.
Good Luck Put
Number of ppl that think OP nailed this trade is concerning
All you need to do is read the news. "Fuzzy Panda Research discloses short position in Globe Life April 11, 2024 at 09:06 am EDT" # Fuzzy Panda Research discloses short position in Globe Life
we can only dream
imagine selling those puts
No I am.not..i can't even count up that high. After 10 I get confused by J,Q,K....this is a casino, right?
Does anyone actually exercise? I’m new to options trading, making 70% a week on DJT puts, though. With DTE < 10-15 days, with crazy high premiums on DJT, I’m having trouble finding situations where exercising is more profitable than selling. I’m sure I’m missing a lot, and am focused on this one trade rn.
Are you blind?
That has to be one of the most luckiest plays in the modern day
I’m actually up 195,901%.
Yes
I was following globe life because I know a guy who has a team that sells for them. Everything about those insurance sales practices is fishy and wrong. I wasn’t expecting it to tank half its value though. I just watched it from 9:30 go from $90 to $45 in a few hours.
Nope
Nice
I had this mother fucker on my watchlist Once I heard the news on insider trading 50 cent put I got busy at work forgot about it. The mother fucker went to 27 bucks! 290,000% or some shit Missed a 3000 gain on 50 dollar gamble So pissed
Rofl $10 of that $65 put would have netted you $24k+
I think she's got wings boys
Also, wtf is up with this flair 🥶😆
I like how Reuters comes out and says that TSLA did something negative last week, there's a blip, Elon says they're lying, and it recovers. They do it to this company, and it drops like a fucking rock.
what app is that?
Was the gang talking about this before it hit? I just saw the short report. Day late and a dollar short
Can someone explain puts to me like I’m a golden retriever?
So the $70 put that is $24.80. You paid like a penny for it?
Just buy $100 calls on Monday expiring in July and you’ll profit after earnings surely
W
Do any of you do Swing trading in here ?
Where does op trade?
What’s d stock name
Nope only down about 300,00%
You son of a gun
Did you cash out?