Lurker > Lopen

Standard Loki being safe with the update (alligator, actor, and classic seem to drain a lot of his votes) made me worry he was eliminated yesterday

Mysterio
Green Goblin

Loki
Mysterio

I thought they were both in the song in different spots am I wrong

Oh. Lol.

Aunt May
War Machine

Venom
Black Panther

Loki
Drax

Overstock money is my high end. Overstock ran to $100+ with a similar dividend from around $3 after being shorted to heck. $100 per share seems absurd given we're at $3 but if you consider the assets the company has its not really that strange. It's only like 15-20 billion market cap. You look at the big boys in the social media sector not named Facebook you get snapchat and Twitter with 60 and 30 billion, Tiktok with 50 billion. I won't be holding till $100 or anything but I won't fully scale out until then. A fledgling Lomotif being worth a like 1/2 Twitter, 1/4 Tiktok or Snapchat really isn't that weird if it starts to execute.

It ran to $12 on the same catalysts it has now. Then got shorted a ton at the top. Forced cover from dividend means your floor is where the latest wave of short positions started is the basic logic. Realistically there are a lot more things at play but that's where I got $12 as the floor.

If you want to actually play it long you can always put your banked call/put money into shares you're holding long. That feels like a good way to gradually put some in at minimal risk imo.

I'm putting the floor at around $12 when we get that dividend. I honestly think it goes much higher because there are a ton of good news items lining up here on top of through the roof short interest (which I feel is actually being underreported based on price movement)

95% of my calls are $12 strike or less though

We'll get well above $5 when the Tyde dividend hits

The fact that we keep trying to run with no news whatsoever is a testament to how much pressure is built up here. Filings say we really shouldn't have much longer to wait.

Mysterio
Green Goblin

I have a feeling you'll be exercised. Feeling $3.95 end this week.

We've got a huge rear wall of over a million dollars worth of shares back at $3.20. Pretty sure last time it ran this was happening too.

I'm being a bit irresponsible here. Part of the reason I was able to load so much was I'm using income I need to pay back in a month for some of it (BBIG would need to fall to around $1.60 for it to actually be a real risk-- pretty sure the absolute floor is $2.20 at this point). So I'll be playing a little moonroofish with some of these shares.

Market maker apparently wants BBIG at $4 this week based on open interest. No guarantees but it does make me more confident it goes up at least a little this week

I also got some calls on Alibaba, Quantumscape, and FUBO.

Think we're going to see tech pop with the Russia tension dropping. And these 3 all have earnings soon.

Grabbed 2100 BBIG shares at $3.22 and sold 10 puts at $3.50

As they say on the streets lfg

pjbasis posted...

Imagine trying to suplex someone but you just slam them down on their feet

So you're saying they should have renamed the Blitz to Inverted Atomic Drop

Nice. Glad you got that peak

Worst Mega Man boss ever

Spiderman Man 2

Hawkeye

This is why selling calls is much better than buying them

(Says the guy with over 400 calls in BBIG)
(It's different when they have longer durations!)

Drax
Green Goblin

Loki
Mysterio

I won't complain if it moons today ahead of my 5k. I can always put that somewhere else.

Looks like you'll likely be keeping your BBIG shares.

Which means you can sell 3.5c again!

Although I actually kinda expect the TYDE news to be really soon as Tyde just filed some securities registration SEC form yesterday. I'm gonna be loading around 5k more on Monday-Tuesday. For less skittish people, good time to get in.

Drax
Green Goblin

CasanovaZelos posted...

Is DMC 5 really notably behind 3 in the fan consensus? I consider the two about equal and I imagine opinion hinges on which aspects you prefer.

I think for there to be a 'consensus' opinion, I'd say at least 70% of the fanbase has to agree, and I don't imagine DMC 3 vs 5 having those numbers among people who have played both.

I agree with this. On that note DMC1 vs DMC4 is likely a talking point too. DMC4 has better gameplay, DMC1 has better story and atmosphere for a lot of people (and more Dante!), so I wouldn't really call it clear cut.

What happens is such. We'll use the prices I said above as an example.

$8 put
2/18
$4.60 price

You get the premium up front. So in my example you'd get $4.60 x 100 or $460 per put.
At any time until expiry, you can be forced to buy BBIG at $8 per share. You must put up $800 in collateral per sold put to account for it.

With those two numbers you're basically buying BBIG at $3.40. $8 per share - $4.60 per share = $3.40 per share.

Because it's so deep in the money you're not really making a lot of value if it doesn't go up, $0.07 share-- not nothing but pretty small. The point is you're still getting it at a slightly better price than you would normally which is the key. If it does go up you make a ton of money.

Honestly though from what I've seen of you (you were getting worried a few days ago when it was hovering at $3), selling puts at $3 or $3.50 seems much better. Like even the $3 put isn't bad-- you make around $0.15 currently (at $3.42) which makes your effective buy in price $2.85 if assigned, and if not you get a cool 5% return on investment.

Loki
Mysterio

So like I guess it boils down to this Moonroof

How much faith do you actually have in this stock.

If faith is fairly low, sell puts at $3-$4. If you think this might actually be something, sell puts at as high as possible that would give you a profit pretty much. Because if it does moon you don't care about being assigned (or outright won't be assigned if it goes past your price), and if it doesn't you still make money as long as it doesn't go down.

Mind the Bid and the Ask. If you're doing the deep in the money put strategy I'm suggesting, it's not viable on say Feb 25 because the Bid/Ask spread is too high. Like the Bid on the 8p for Feb 25 is $4.35 which if assigned means you break even at $3.65, which is bad. You could do it as a limit order, which might go off, but definitely do not do it as a market order. If you do a limit order just subtract the price of the contract to get the effective price. For instance if you do a 8p, you would not want to sell puts for anything less than $4.55 as 8-4.55 = 3.45 which is about where the stock is now. Honestly limit orders in general might be a good idea if you can mental math. Just know that if you're opening contracts on a large bid/ask spread you're going to get hosed without them.

Anyway I don't really want to tell you exact prices because as far as exact price goes your guess is almost as good as mine, but these are the strategies available to you. Selling puts is definitely the answer the rest just comes down to risk tolerance.

My personal feeling on BBIG is that anything under $12 is a good entry price imo

TYDE will happen, it's just a matter of when. When TYDE happens we will at minimum break all time high of $12.49 in my opinion.

If I just wanted to make gains at the lowest risk possible, the obvious choice is to sell cash secured puts at the same strike your calls got exercised at. So sell a bunch of $3.50 puts. At current prices you would gain $39 per put which is a bit over 10% return on investment, and you would only lose money if it went below $3.11. The premium will be a hair lower next week probably but the general idea remains.

Now if you want a higher chance of getting assigned and think moon is possible, then you can sell at a higher strike. For instance if you were to say sell a bunch of $8 puts that expire next week your effective purchase price, even if assigned, becomes $3.40 (you'll probably have to sell them close to the bid, so I'm giving you the bid-- if you're patient you could probably get something closer to the Ask). If you DON'T get assigned it's much better than the $3.50 puts as you make that huge premium.

That's because the Bid is $4.60 on the 8p is currently $4.60. $8 - $4.60 = $3.40 effective purchase price.

Hulk is a sad elim this early

Killmonger was worse

Hulk is the second saddest elim at this stage though

Loki
Mysterio

There's also fuckery from short selling too so yeah lots of layers

I could have triple my money on BBIG now if I just sold that January pump (could have bought back in for 1/3 the price) but the funny thing is it wasn't even based on the news I was waiting for so there was no chance I was gonna sell and risk missing the moon journey

I do think if you believe in the company that just holding will maximize gains long term over trying to time jumps, but yeah easier said than done sometimes

StartTheMachine posted...

You're always gambling on management teams in the market to one extent or another

True but in the end it should be whether management screws up an idea or executes. If you don't believe in the idea itself that's where conviction becomes a problem.

I will say though if enough people are savvy to the hearing people buying in entirely to dump off the pump from cancelled shares could offset long term gains. I'd play carefully if you don't actually believe in its growth going forward

I'm never gonna get on these uber pennies where you're gambling entirely on management cleaning up bs and nothing to do with an actual underlying company. I just dont trust myself to have the conviction to hold if it dips. Glad it worked out though.

As I said very hard to lose with this stock at these levels. The amount of premium on selling calls that net you 20% is insane.

But it's justified. Very volatile. I've got a backbone of long calls and shares but I'm also +100% on eow calls bought early this morning right now (I really should sell half but I'm greedy and it's a small amount). Two options right now are we Smash through $3.50 or we get pinned just under it. I'm feeling smashy though.

Let's rock baby

Mr Lasastryke posted...

i wouldn't say there's near total agreement on 89 > returns. many people like returns better because "it's a pure tim burton movie," whereas burton was rather constricted by the studio when he directed 89.

It also has Danny Devito and Michelle Pfeiffer not playing the same characters they do in literally every movie unlike Jack Nicholson which earns it some points.

Yes

This is the way

Wasn't GTA5 bundled with a lot of consoles so it kinda gets Super Mario Bros/Duck Hunt'd?

Zelda has movement upgrades but I wouldn't say there's a focus on them

Green Goblin
Drax

Loki
Mysterio

4

Above average for a Zelda story but that isn't saying much

Diamond/Pearl/Platinum for me. Someday I'll play the remake of it, really liked HG/SS despite not caring for Gold/Silver much so imagining for a game I liked it would be super good

Hope you sold some calls up there at $3.32 that was probably a good low risk spot to sell some.

Alice duh