Board 8 > Stock Topic 14

(+) Yeah! (+)

With less volatility comes the need for more research. Money will always be available to be made!

Less volatility? Tell that to gamestop

---

It's a beautiful green day for stocks.

---

Didnt Hertz do the same exact thing as GameStop? Or something very similar?

Hertz went bankrupt. Gamestop has an activist investor who has gotten onto the board and is working on turning the company around. Don't think they are comparable.

---

Has anyone been keeping an eye on Luckin Coffee? It seems to have erased all the negative news about it and doubled in price last month. Still worth 1/4 what it was before the scandal, meaning it has some room to grow. Anyone interested?

In other news I'm rolling 30 grand into my Roth from my old 401k

Going to have to not be dumb with options with this much cash

---

I keep an eye on it. My one regret of using Robinhood is I'm not allowed to buy more LK as I would have loaded up on it in the $2 range.

That being said I don't think it's a steal anymore. It could get back up to the $20 range but it's probably gonna have to work to get back to its old numbers. Just better options for that amount of risk imo.

---

I've been watching LK for the last half year. The price has never quite gotten low enough to where I would have been willing to buy it, although at several times I've been quite tempted to get in. The big jump recently is from them agreeing to pay a fine to the SEC, which is a sign they do intend to get back on track. If they were going the route of taking all the investors' money and running, they wouldn't bother paying the SEC. But because the jump was based on news, you would need to get in before the news to really take advantage.

---

Better options like GSAT

Embrace the face of 5G Pennystocks

---

Whats the deal with GSAT anyway?

It's just a speculative 5G play in a company that has low stock price and low BK risk. I guess their thing is they provide stable 5g service for GPS stuff on non-bogged down bands.

I'm mostly investing in it because cheap stocks/tech stocks have been mooning lately and this one has legit good news behind it.

https://www.yahoo.com/entertainment/4-best-5g-penny-stocks-201531146.html

This article (plus the fact that it's the number one on a yahoo list of best 5g penny stocks which is going to turn heads alone) kinda explains everything there is to go on-- well that and a newly formed partnership with BATTLBOX (whatever good that is for). I do expect this one to go to $2 pretty quick. All seriousness though you should stay away you're easily going to lose 10% if you try and touch this.

---

If it drops back down to the $1 range though it's a good buy even for you imo.

I just don't think it's going to hold these gains tomorrow-- will probably dip pretty hard. Near term I do see it going to $2+ though. Just huge volume powering this thing. Like anything resembling more good news is gonna send it flying.

---

Now I will say if you'd invested when I first mentioned it here for mostly the same reasons you'd be up almost 100% at this point!

---

You shouldve told me!

I dont remember seeing it. You clearly didnt praise it enough.

Tomorrow might be the cheapest we see of AMD

Considering an earnings play here

---

https://www.reddit.com/r/wallstreetbets/comments/l1cphm/wallstreetbets_impact_on_the_market/

Interesting analysis someone did of what would happen if you chose stocks purely based on them being talked about on WSB. It turns out.....over the last year you would have beaten the market by a lot!

(Of course, most people on WSB probably lost money, because they were buying short-term OTM calls, not shares).

---

Yeah, when I realized how insane their bloodlust for GameStop was, was when I hoped out of most of my position.

Im still holding some options, but they are now volatility options where Im betting on a spike up or down instead of just assuming its going to crater in the next month.

Bitcoin is a fellow good example of something completely worthless inherently that has value because people are dumb.

---

I know the Covid has made things very volatile and easier to make money if youre smart, but I have to say, this has been the easiest way to make money ever. I honestly feel like I could quit my job and dedicate three hours a day to stocks and would make more money than what my salary is. But I have no problem spending half an hour a day instead and keeping my job. It just seems too easy!

Sunroof posted...

I know the Covid has made things very volatile and easier to make money if youre smart, but I have to say, this has been the easiest way to make money ever. I honestly feel like I could quit my job and dedicate three hours a day to stocks and would make more money than what my salary is. But I have no problem spending half an hour a day instead and keeping my job. It just seems too easy!

Since March 2020 we have been in one of the strongest bull markets ever. This was nothing like an average year.

For what it's worth, I am quite skeptical that you'll do much better researching stocks for 3 hours a day vs. half an hour. Almost certainly worth more to keep your job, until you are managing millions.

---

I will say my job as a hobbyist went much better during the fall than if I would have kept my money in stocks. Why when I came back I decided to be less volatile.

---

Senator Wyden making a big speech in the Senate that appears to be squarely targeted at Palantir. Kind of doubtful it passes given the need for Republican support to overcome a filibuster but it would be a game changer if it does.

---

dont really see gme doing all that much more, imo

---

I like gme as a long term bull position. There is some compelling evidence they have an interesting direction. If it dips close to 30 I am going to buy a lot of long term calla that likely will be undervalued.

---

So as I understand it GME's position is to transition into an online platform and abandon their brick and mortar shops

My only problem with that is why is there demand for that. Like what's the incentive to shop there instead of something like Amazon or Walmart or whatever. Video games aren't something where there's a lot of specialist shop appeal. It's not like a clothing store where you've got limitless design, size, etc combinations. You buy a game and it's the same thing everywhere. Maybe they're out to expand their selection of video game related merchandise but I just don't think there's enough market for that for it to have a ton of growth potential.

I'm heavily considering the $40 1/23 PUTS right now. If it hovers at around this price for long enough that my sold puts can cover it, I'm totally going for that.

---

Converting preorder bonuses to just bonuses would be a crushing success.

---

I mean keep in mind you could argue that growth is priced in at this point. This is a company that was hovering around the $4 level since 2019. This isn't a business that got wrecked by the Coronavirus. I'd say being bullish on GME is thinking it'll come even close to holding current values. Expecting it long term to get even higher than it is now is something beyond that.

That's why I think the long term puts are really appealing right now. Gamestop could grow over the next few years and be fairly valued at around $20/share. If you can get a $40 put you basically get free reign to sell puts forever and if it actually goes bankrupt that's just gravy.

---

WSB post of a guy who tattooed a GME rocket on his leg.

This is kind of insane.


---

Nice morning so far. Thanks apple

---

Wow Ford. After months of bouncing around $9, we are knocking on the door of $12 after big surges today and yesterday. I kind of want to sell now, but on the other hand, if I wait until June I can get a lower tax rate on the gains.

---

Not sure what is going on with Citron Research and GME. 2 days ago, they said they were shorting the stock and promised to do a livestream yesterday explaining why the stock would go down. Yesterday they said the livestream was postponed to today so that it wouldn't be at the same time as the inauguration. Today they are saying they are being attacked by hackers and can't get the livestream to work. Still promising to release a video later.

I kinda feel they are getting cold feet about shorting this.

---

Getting very tempted to take my put off the table so I can sell another one when it falls back into the $30s range but I still have $154 to make off this put despite having reaped over half its value.

---

I wouldn't go against the market until after earnings. Big tech is going to push things higher, im convinced here


---

Meh missed my window. I'll just enjoy slowly getting my full value for now.

---

Came back down, so I scooped it back off the table for $165, bringing my risk back up to $490.

Playing a somewhat risky game here but I can't argue with $135 in a day and profit taking/the bear guys posting their video should spike it down tomorrow morning.

---

I'm going full wall street bets here

10 $55 calls that expire tomorrow. I'm going to say that puts my risk back up to $590. I'll just sell a $33 put instead if this goes south but playing both sides of the fence can be fun.

---

I also got 12 $58 calls

C'mon Gamestop lmao

---

uhh...

---

How much did you pay for those calls?

In any case, good luck. May Gamestop soar to $400 tomorrow and make you rich.

---

I paid a total of $200. I could actually sell them back for $300 right now which is pretty funny.

---

So if Gamestop goes to $150 tomorrow.....you'd make 100*100*22 roughly. 220k. Good luck!

---

So my thinking is if the stock tanks I can sell a $32 put for much more than I took the $34 put off the table for and I win

If the stock flies I win for obvious reasons

I think if GME is really going to blow up the big money tomorrow is going to be when it happens. So could be fun!

---

Lopens strategy is actually really close to mine, though much higher risk. I have a couple $35 February puts and a $30 call.

If it moons my upside is higher than my downside. I only lose the $600 of option premium or so

---

My risk of losing my investment is higher but I'm investing a small amount of money. Technically I'm only risking the house's money here since I've made like $500 on sold puts so far

---

SRAC with an outstanding intraday move from 8% down to 8% up. This morning it was my deepest red stock for the day.....and it ends the day the deepest green!

---

What happens if the person you bought the call from doesn't have the shares (because of the squeeze)? What if they don't have the money to buy at the absurd price it would rise to for you to profit off this?

I was wondering the same thing about puts - if someone doesn't have the money to buy your shares when you exercise that would also be a problem. Does the broker of the person have to cover it? Or do you have to take the individual or their broker to court for remedy or something?

I guess you could just sell the option also but will the price remain strong because there is always confidence it will be honoured?


---

CoolCly posted...

What happens if the person you bought the call from doesn't have the shares (because of the squeeze)? What if they don't have the money to buy at the absurd price it would rise to for you to profit off this?

I was wondering the same thing about puts - if someone doesn't have the money to buy your shares when you exercise that would also be a problem. Does the broker of the person have to cover it? Or do you have to take the individual or their broker to court for remedy or something?

I guess you could just sell the option also but will the price remain strong because there is always confidence it will be honoured?

The brokerage covers in both cases and sues the ower.

I mean at the level we are playing at. I don't know what would happen if you owed 100's of millions in options

---

CoolCly posted...

What happens if the person you bought the call from doesn't have the shares (because of the squeeze)? What if they don't have the money to buy at the absurd price it would rise to for you to profit off this?

I was wondering the same thing about puts - if someone doesn't have the money to buy your shares when you exercise that would also be a problem. Does the broker of the person have to cover it? Or do you have to take the individual or their broker to court for remedy or something?

I guess you could just sell the option also but will the price remain strong because there is always confidence it will be honoured?

I am not 100% on this but I believe the broker is on the hook to you, and then they will go after the call writer, in court if necessary.

---

red sox 777 posted...

I am not 100% on this but I believe the broker is on the hook to you, and then they will go after the call writer, in court if necessary.

I believe this is right, but a lot of them will also close the position or attempt to for the trader before they can even go negative in the first place

---