I wanted to show a few examples with pictures to illustrate how inexpensive it can be to buy 100 votes
I am going to show pictures of each ticker with me going long 100 shares, short a call, and long a put. The call and put will be for the same strike and the same expiration. At the very end will be a summary table of upfront costs, losses/gains, and then some additional comments.
Please note:
- This assumes no early exercise, which is a risk to this.
- This assumes what is displayed on the ticket can be filled. Technically, it will not fill as optimally, but the gist of this is the key.
- This is all based on data from thinkorswim pulled around 11:30am on 3/30/2023.
Examples
TLDR Summary
- GME: for $2.4k, you can buy 100 votes and you’ll lose is $88
- Robinhood: for $1.1k, you can buy 100 votes and you’ll gain $13
- AMC: for $0.7k, you can buy 100 votes and you’ll lose $138
- Apple: for $16.8k, you can buy 100 votes and you’ll gain $194
- Microsoft: for $27.4k, you can buy 100 votes and you’ll gain $141
For 5 different tickers, this shows how you can shed some or all of your economic risk and have full voting rights. This is empty voting!
I'm saying you are paying for those voting rights
Of course you're paying for those votes. In addition, yes it's true the options expire. 0.65 cents is substantial for options?
The purpose of this is to show what empty voting is and how one could enter it easily.
You're saying that regardless of the duration, it's acceptable to buy votes.
I disagree - whole heartedly. That runs counter to the basic principles of voting itself, as well as democracy.
Lol, tf? Of course you can buy votes at the stock exchange. It's one share / one vote, not one person /one vote. That's what a stock is: voting rights and dividend rights.
Is this some community for people who barely understand investing? You guys should have sold GME at the high. All those people yelling HODL or whatever already got out and left you holding the bag.
One share, one vote is not something that is always true. That's a major part of the issue.
That's not what we're talking about here. Your insults speak volumes about either your intentions or your supposed superior knowledge. Surely you're better than that, no?
Primary research on the topic speaks to the issue: https://ccl.yale.edu/sites/default/files/files/PM-6-Bus-Law-Hu-Black.pdf
Please see https://ibb.co/mzyfJbB to understand some more of the nuance here.
Please ask questions if you have any. Was hoping and surprised you didn't reply/comment more considering the obvious (and common) confusion/misunderstanding/lack of education.