37 Comments

1. 

   Swiftnice on October 31, 2022 at 5:28 pm

   It means your money is gone dummy. They warned you when it would happen. You belong here.

2. 

   GluqG65 on October 31, 2022 at 5:28 pm

   So you bought options on a company being bought and going private? Man wtf are you doing buying options……

3. 

   xtraman122 on October 31, 2022 at 5:28 pm

   Imagine the look on the guy’s face who was selling contracts expiring past close date of the deal for more than the buyout value when someone actually bought them

4. 

   Abalone_Gonads on October 31, 2022 at 5:28 pm

   This is the best thing I have ever seen. Options, ha!
   OP you and that Kane guy with the plastic shoes belong here.

5. 

   Goojus on October 31, 2022 at 5:28 pm

   You’ll have to message and berate elon and his twitter employees to get your money back for it i think

6. 

   DomighedduArrossi on October 31, 2022 at 5:28 pm

   Your money is being used to pay all fired executives’ severances

7. 

   DiamondNuts69 on October 31, 2022 at 5:28 pm

   

8. 

   darkspd96 on October 31, 2022 at 5:28 pm

   If your options were out of the money, they are now considered worthless, if in the money, I think you can execute them and get payout

9. 

   kasezilla on October 31, 2022 at 5:28 pm

   Edit: asking for a friend

10. 

    Ashpro2000 on October 31, 2022 at 5:28 pm

    Otm call options and all puts are worthless. Itm call options will be cash settled for 5420 – (100x strike price) so you will get the difference. You will lose all remaining time value.

    Should have closed on thursday.

11. 

    Basic-Look249 on October 31, 2022 at 5:28 pm

    And its gone

12. 

    AlmightyBroly on October 31, 2022 at 5:28 pm

    You created a new account for this?

13. 

    OGColorado on October 31, 2022 at 5:28 pm

    Unplug it, then plug it back in.
    NFA I’m down 35% on all accounts

14. 

    DiamondNuts69 on October 31, 2022 at 5:28 pm

    Buy high Sell house

15. 

    Downtown_Section147 on October 31, 2022 at 5:28 pm

    This guy actually listened to Cramer on Monday 

16. 

    Appropriate_Bug_1245 on October 31, 2022 at 5:28 pm

    Have you tried turning your phone off and on again?

17. 

    Pocketman56 on October 31, 2022 at 5:28 pm

    Twitter customer service

18. 

    FacedLicense on October 31, 2022 at 5:28 pm

    thanks for the tasty premiums – theta gang

19. 

    oneenigma4u on October 31, 2022 at 5:28 pm

    It’s like that South Park episode. You’re saying you had these option contracts. Not anymore you don’t. You say what do you mean. Poof they’re gone.

20. 

    Ol-Fart_1 on October 31, 2022 at 5:28 pm

    When a company is taken private, the ticker is delisted, and your shares of stock will be converted into cash at $54.40/shr. This will probably appear in your account shortly.

21. 

    tecumbera on October 31, 2022 at 5:28 pm

    

22. 

    crailface on October 31, 2022 at 5:28 pm

    username does not check out

23. 

    sookableh5 on October 31, 2022 at 5:28 pm

    if you sold otm options that had a strike price above Elon’s proposed 54.20 would you have automatically made money?

24. 

    Billystep on October 31, 2022 at 5:28 pm

    Your options will be cash settled whenever they are no longer traded. Or they will go to intrinsic value in other words. Otm options go to zero itm options go to real time value for monkey brains

25. 

    pequenoRosa on October 31, 2022 at 5:28 pm

    Usually in such cases options are settled “Fair Value” meaning using the underlying value of the takeover price per share, and then some time value compensation.. settlement is usually cash since the stocks cannot be bought or sold in open market

26. 

    thetagangnam on October 31, 2022 at 5:28 pm

    I sold you those calls

27. 

    heizenbergbb on October 31, 2022 at 5:28 pm

    I still can’t get level 4 options but this regard wants to trade calls on a private company.

28. 

    Ecstatic5 on October 31, 2022 at 5:28 pm

     Take this as a valuable lesson.

29. 

    Needamod1 on October 31, 2022 at 5:28 pm

    

30. 

    therealmattsteimel on October 31, 2022 at 5:28 pm

    I didn’t read up on this, or have anything to do with Twitter but this scenario is so wsb.

31. 

    CDN08GUY on October 31, 2022 at 5:28 pm

    Jesus. People really are this dumb huh?

32. 

    brettheshitfartman on October 31, 2022 at 5:28 pm

    

33. 

    SlowPurplePanda on October 31, 2022 at 5:28 pm

    There are far more entertaining ways to throw your money away than buying options on a company going private

34. 

    NoIncrease299 on October 31, 2022 at 5:28 pm

    Outstanding.

35. 

    BlowyAus on October 31, 2022 at 5:28 pm

    When Lambo?

36. 

    SecretaryImaginary44 on October 31, 2022 at 5:28 pm

    This is actually bullish

37. 

    bananapancakes30 on October 31, 2022 at 5:28 pm

    Should had sold calls to them people. Free money.