Economy stonks v12, gamestonk?

[kahiljabroni]

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

Yeh I believe there's a ways to go....how much, idk? I actually bought amc calls right b4 close today. Shits getting nutty

 

[Revolver]

so whats the thinking? do i hold my GME stocks which im up like 300% or drop them soon?

To the moon

 

[Gas121]

so whats the thinking? do i hold my GME stocks which im up like 300% or drop them soon?

Sell half, ride the rest is the most sensible thing to do but GME has the biggest potential of any stock ever to go out of space. I mean literally out of this universe.

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

Its only just getting started in terms of all the newbies joining the party. Maybe the weekend may get the average joe discussing GME over the dinner table..

Diamond hands Friday. I am holding till out of orbit.

YOLOED half of my portfolio like an idiot due to FOMO again.

 

[rob mafia]

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.

dude, i keep saying that i'm not buying any puts. i'm selling them. so i have way less reward... but virtually no risk (in comparison). and the reward is all basically free money, with the way the computation's done.

 

[Wadtucket]

https://www.barrons.com/articles/ga...assachusetts-state-regulator-says-51611705870

GameStop Trading Could Be ‘Systemically Wrong,’ State Regulator Says

The top securities regulator in Massachusetts thinks trading in GameStop stock, which has been skyrocketing, suggests there is something “systemically wrong” with the options trading surrounding the stock

The videogame retailer’s stock was up 93% on Tuesday and has roughly quadrupled in the past week. It was up another 40% in after-hours trading Tuesday, to eclipse $200. Traders have been bragging on online forums about taking large bets the stock using options—often out-of-the-money calls that pay off only if the stock soars.

William Galvin, the Secretary of the Commonwealth of Massachusetts, said in a statement to Barron’s that he’s been watching the stock.

“This is certainly on my radar,” Galvin said. “I’m concerned, because it suggests that there is something systemically wrong with the options trading on this stock.”

 

[G-19]

dude, i keep saying that i'm not buying any puts. i'm selling them. so i have way less reward... but virtually no risk (in comparison). and the reward is all basically free money, with the way the computation's done.

I was talking about him since that is who the post was about. Probably should’ve made that clear. Yes, writing puts on GME at the moment is literally free money.

 

[44nutman]

Jumped in $CLII this afternoon. Biden is promising 500k charging stations. I already own $BEEM so trying to get some of dat sweet government contract monies.
I missed the $GME explosion, and think I missed the boat even though some of y'all got adamantium hands and not selling. Too scary for my conservative investing ass to get caught in that stock now.
I do own $AMC(2.73) and have had $BB(4.52) since march(doubled up in June) so I will ride that wave to the moon.

 

[kahiljabroni]

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.

Thanks for the detailed response man. I'm going to keep my eye on it for now...maybe go research how the vw squeeze ended. Maybe buy the dip or avoid it all together as I'm butt hurt I sold my 100 shares @14 couple months back

 

[kahiljabroni]

https://www.barrons.com/articles/ga...assachusetts-state-regulator-says-51611705870

GameStop Trading Could Be ‘Systemically Wrong,’ State Regulator Says

The top securities regulator in Massachusetts thinks trading in GameStop stock, which has been skyrocketing, suggests there is something “systemically wrong” with the options trading surrounding the stock

The videogame retailer’s stock was up 93% on Tuesday and has roughly quadrupled in the past week. It was up another 40% in after-hours trading Tuesday, to eclipse $200. Traders have been bragging on online forums about taking large bets the stock using options—often out-of-the-money calls that pay off only if the stock soars.

William Galvin, the Secretary of the Commonwealth of Massachusetts, said in a statement to Barron’s that he’s been watching the stock.

“This is certainly on my radar,” Galvin said. “I’m concerned, because it suggests that there is something systemically wrong with the options trading on this stock.”

Knew this was coming. Going to be some bullshit legislation coming soon...maybe seize wsb

 

[kahiljabroni]

Amc up 65% after hours

 

[Wadtucket]

Knew this was coming. Going to be some bullshit legislation coming soon...maybe seize wsb

I think WSB is in big trouble, you don't mess with these billion dollar hedge funds and their buddies in government without consequence

That's why GME is the one true YOLO play of the decade, this party will end very soon ---- prepare your anuses

Until then just COLLECT YOUR FREE TENDIES AND SECURE SOME PROFITS

 

[44nutman]

Amc up 65% after hours

 

[Wadtucket]

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.

He's a shorter gay boom bear gay cuck soy cuck and so on and so forth since the beginning, undermining GME at every step

 

[Revolver]

Just noticed that the maintenance requirement for GME is 100% of the current value now. Was it always like this?

 

[Hadron90]

Amc up 65% after hours

Yep. I had 5x $4.5-$5.5 debit spreads expiring friday. Its looking like I'm going to get my 10x return.

 

[Wadtucket]

Just noticed that the maintenance requirement for GME is 100% of the current value now. Was it always like this?

No, they are shitting their pantaloons

Corrupt state legislators are known to throw lawsuits left and right because retail investors are making too much money

 

[kahiljabroni]

I think WSB is in big trouble, you don't mess with these billion dollar hedge funds and their buddies in government without consequence

That's why GME is the one true YOLO play of the decade, this party will end very soon ---- prepare your anuses

Until then just COLLECT YOUR FREE TENDIES AND SECURE SOME PROFITS

Agreed 100%. Theyll squeeze some shit into a budget resolution. That said, the money made off of game should be safe...it'll just never happen again

 

[kahiljabroni]

Yep. I had 5x $4.5-$5.5 debit spreads expiring friday. Its looking like I'm going to get my 10x return.

Props. Bought 3 call options @ 4.5 at 3:45pm today. Market value was only 600 so no idea what ill be up tom

 

[Wadtucket]

Agreed 100%. Theyll squeeze some shit into a budget resolution. That said, the money made off of game should be safe...it'll just never happen again

2031 bruvva, stay stronk

 

[BIKES!]

GME going off in after hours wtf happened to this world