New to channel so I’m expecting to be roasted alive. But I do have a question. via /r/wallstreetbets #stocks #wallstreetbets #investing


New to channel so I’m expecting to be roasted alive. But I do have a question.

Shared before putting up a message lol. Since mind med is doing a reverse split of 1:15 on august 26th https://mindmed.co/news/press-release/mindmed-board-of-directors-approves-reverse-share-split/ . The price in sense should rise by 15x, I’m assuming. But this stock has been declining since it’s ipo. Obviously not a good investment but wouldn’t it be low risk to buy call options for September at like $2 and gain a massive gain? Or am I ignorant to some information I haven’t learned yet? Any thoughts?

Submitted August 05, 2022 at 09:52PM by therealshaggie
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