Recent comments in /f/wallstreetbets

VisualMod t1_jeau0c6 wrote

Reply to What stock are you guys currently looking at? by mastdoug

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CompetitionDouble420 t1_jeaszpg wrote

Reply to A few lucky coinflips... by silverwind18

u/silverwind18 Really dumb question: in order to exercise those puts, do you have to own the shares already?

I understand with call options, you have to have the capital to exercise your calls at your specified strike. So, is the opposite true for puts? Do you have to own the shares in order to exercise your puts at your strike?

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X_Fiery_Jack_X t1_jeasx17 wrote

Reply to comment by ErikInvest in FRC - Only upside, no downside by rumias

Doesn’t have to be a bigger bank, basically your credit would be fucked because someone would buy the loan for Pennie’s on the dollar and rape your credit report until you paid it off for as much as they could get out of you. Sure you’d probably be able to settle for less than the full amount but not until you showed you weren’t going to pay in turn fucking your credit.

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wallstreetbets-ModTeam t1_jeasf41 wrote

Reply to FRC - Only upside, no downside by rumias

Thanks for your submission!

We love new and original content here on WSB.

We have no tolerance for basic templated memes, reposts from the front page, or boomer memes.

Yes, this can be a little subjective at times, but we want to show you the best WSB has to offer!

If you need some guidance, don't hesitate to reach out to modmail and we'll give you some pointers!

A few tips though!

  • Don't just submit a chart of the current price. Come on. Google only costs $5 per search. (wait, you guys are searching for free?)

  • Reaction gifs are fucking lame. Put that shit in a comment, no one wants to look at your face in real life anyways so why are you making a thread about it.

  • Don't repost stuff. All of us are terminally online, how dare you try and make us laugh with an image posted somewhere else. Jokes aside, we don't want to beat a joke to death, so give us some fresh OC and we'll be a lot cheerier.

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Zero2Hero2MarginCall t1_jeas9qq wrote

Reply to FRC - Only upside, no downside by rumias

You know what doesn't have any downside? Owning a company that buys promissory notes and debts of the customers of failed/bailed out banks (i.e., FRC) for literally pennies on the dollar.

Then those companies who now own the debt the customer originally had with FRC (which will no longer exist in its current form), go after that customer for 100% of the debt owned, plus any interest and penalties that may be there. And if they don't/can't pay, wreck them in collections and/or bankruptcy/discharge and STILL recover more in repayment than the pennies it cost them to buy your debt from FRC when it was liquidated.

Congratulations on being literally regarded. You have stock worth $0 and high interest debt you can't get rid of.

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