r/wallstreetbets • u/Coreylian101 • Jan 22 '25

Gain Thanks ORACLE

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Bought at 0.05 last week and sold for $9.

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u/shinku443 Jan 23 '25

No way you just called Oracle a penny stock lmao

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u/TeamChevy86 Jan 23 '25

I don't really know what I'm talking about the i just saw he bought at 0.05

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u/shinku443 Jan 23 '25

Lmao yeah Oracle is the underlying stock the contracts for. Pricing is based upon expiry and how far OTM you are. Tldr: More expensive the farther out in time and cheaper the farther OTM from current stock price

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u/Several_Vanilla8916 Jan 23 '25

I was going to make a joke along the lines of “maybe all the pennies in circulation” but that’s not even close.