Economy stonks v12, gamestonk?

FCAC POPPIN Damn didnt load more at the bell coinflipped that and FTOC but im happy
 
rob mafia said:
depends on how much you want to roll the dice.

i generally don't even like doing monthlies and try to stick with weeklies. i did sell some for 2/5, though (and 1/29, of course).

wait, do you mean buying puts? i generally only buy LEAPs or 1+ month out... and typically with less than 100% iv. so this isn't my realm. gme's likely going to go down... and up. and down and up... so you could possibly kang gang profits on both sides, but it could easily swing all over.
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Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
 
kahiljabroni said:
Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
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That seems reasonable.
 
kahiljabroni said:
Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
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The IV is at >400% for puts around $30 expiring in March, but I guess the run-up of a decade could precede the crash of a decade so if you want a little hedge you can go for it
 
kahiljabroni said:
Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
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you can probably buy puts and have ample chances to cash them in tomorrow/friday/next week... but they're going to cost a fortune.

i've been selling $30-40 strikes and/because the premiums seemed absolutely retarded.
 
rob mafia said:
you can probably buy puts and have ample chances to cash them in tomorrow/friday/next week... but they're going to cost a fortune.

i've been selling $30-40 strikes and/because the premiums seemed absolutely retarded.
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What exp date are u using
 
kahiljabroni said:
Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
Click to expand...

Puts for March is sensible on GME. The drop is no where near yet though. Even my ex messaged about GME, sold up and is in. This is how much FOMO there is.

Friday we are going to see the greatest squeeze of all time.

Looks like AMC moonage is just getting started too lol. This is crazy man. Hedge funds are being destroyed right in front of us
 
kahiljabroni said:
What do you think about a put for a few months from now. Obvious insanely expensive but there's noway gme trades over 100$ 3 months from now is there? Won't this fall incredibly fast when it's over?
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kahiljabroni said:
Yeh im talking about buying a put...say march on the premise that even if gme goes to 1000 next week it should plummet by March. Again, I don't know shit I'm just spitballing but it stands to reason that this thing has gone incredibly viral so very soon everyone that would have buy will have bought. Not to mention they could issue more shares.

That make any sense?
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Here’s the issue with buying a put set to expire in March now. You’ll be paying a higher premium but seeing how this stock is moving you can buy it at a discount. If you buy puts now and this runs up like crazy you might not recover by March. If you wait to buy when this seriously starts to slide you’d probably be better off. Most options expire worthless so if you can’t trade it and make money what’s the point? What strike are you looking at?
 
kahiljabroni said:
What exp date are u using
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i'm only short puts. i sold them, i didn't buy any. and all of mine are 1/29 and 2/5. and i'll likely close them all by 9:45 for a tiny fraction of what i got for them (and might look to repeat on a dip, depending)

if i'd be buying them, i'd probably try to time it well (on a spike... and a spike/uptrend) and either go as late as i reasonably (ie: price) could OR as cheapest (ie: 1/29) and plan on selling upon the next dip bottoming. but if the dip isn't good enough, the theta decay is going to eat a chunk.

edit: (in case you didn't realize), the other problem with buying later dated (ie: vs 1/29, 2/5) options is that even if it moves the way you want (ie: drops), if the volatility is drying up with it, the price of the option might actually drop (instead of gaining) along with the SP. if the 500% IV drops to 250%, the vega will have a big impact on the option price. so vega will be more important than with typical options (ie: having to pay attention to delta/gamma and vega, while also trying to avoid theta burn).

tl;-dr IV crush, like after an earnings report.
 
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Gas121 said:
Puts for March is sensible on GME. The drop is no where near yet though. Even my ex messaged about GME, sold up and is in. This is how much FOMO there is.

Friday we are going to see the greatest squeeze of all time.

Looks like AMC moonage is just getting started too lol. This is crazy man. Hedge funds are being destroyed right in front of us
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Mainstream mania is on, I think we will see squeezes every day until Friday

Holding over the weekend would take some humongous balls though, something tells me Monday will be a massacre
 
For some reason Cramer cancelled his show tonight which is odd, but we've got 40 minutes of 24 year old white guys in various casual wear doing video questions about fad stocks. Hurray?
 
brackis1 said:
For some reason Cramer cancelled his show tonight which is odd, but we've got 40 minutes of 24 year old white guys in various casual wear doing video questions about fad stocks. Hurray?
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He was shorting GME and is at home depot looking for rope
 
rob mafia said:
you can probably buy puts and have ample chances to cash them in tomorrow/friday/next week... but they're going to cost a fortune.

i've been selling $30-40 strikes and/because the premiums seemed absolutely retarded.
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You’re buying $40 puts on a discount and they almost cost $800 per contract lol. With the way this shit is running you can play less risk with more reward somewhere else.
 
so whats the thinking? do i hold my GME stocks which im up like 300% or drop them soon?
 
Wadtucket said:
He was shorting GME and is at home depot looking for rope
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what are you talking about?
Cramer is one of the main contributors to the hype and has pumped WSB/GME and in tweets quite literally 50+ times in the last 3 trading days to bring more eyeballs.
 
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