Board 8 > Stock Topic 14

(+) Yeah! (+)

Holyshit

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Looks like gamestop got halted

I may sell immediately out of halt

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What the fuck just happened
I am not holding or anything...only looking

They just doubled the % in like 5 minutes

What the fuck is this

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This is a short squeeze.

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I thought all shorts died a long long long time ago
Like, most shorts were when it was at 2 dollars or something, no?

This is insane I have never seen anything like this

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I think most of the shorts probably got in in the 20s.

Okay, I bought in for a small position at $65.77. Put in a little less than my profits from last Wednesday so if it goes to $0, I'll still have a small profit on this stock.

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The price is so insane that the bid ask spread for Buying a 59 call that expires today and a 60 call that expires today crosses zero

I put in an order for 100 Buy 59's sell 60's for 0.00 just in case >_>

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Anyway all in on amc choo choo

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Niice, two of my GME spreads for $1.50 executed in the turbulance. If GME stays around $60 that will be worth a ton

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I sold for a profit of only $3500

I hate halts I had them queued for a profit of 14k and halted both times

Oh well money is money

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Yeah, wish I had just held on to my naked call option and I would have made that much, but I don't regret it. If GME stabalizes at all next week I'm going to make bank

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wtf happened with GME

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I also sold a $42 put expiring next week with my profits to tack on another $400 bucks

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man i forgot i didnt have a way to buy options atm since my robinhood account got restricted when i transferred it to merill edge and i hadn't applied on merill edge.

I would have probably made some good money if i bought some put options at 70 like i wanted

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Colegreen_c12 posted...

man i forgot i didnt have a way to buy options atm since my robinhood account got restricted when i transferred it to merill edge and i hadn't applied on merill edge.

I would have probably made some good money if i bought some put options at 70 like i wanted

Probably not. The premium on options is absolute lunacy right now

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Feels like those 2 halts broke the upward surge.

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According to Think or Swim, I make money next friday as long as GME is between $35 and $100

That's how insane the option premiums are on one week options right now.

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masterplum posted...

Probably not. The premium on options is absolute lunacy right now

yea but if i had bought $60 puts when it was $70 and then sold like 10 minutes later i would have probably made a good amount still

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Colegreen_c12 posted...

yea but if i had bought $60 puts when it was $70 and then sold like 10 minutes later i would have probably made a good amount still

You going to risk $1100 per option? If it goes up your screwed


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masterplum posted...

You going to risk $1100 per option? If it goes up your screwed

i would have probably looked for a strike price priced around $250 and from what im seeing it would have probably made about 75% return. I was pretty sure it would dip below 65 at least before next friday and recoup most of it most likely

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I like how GME is all the rage yet PLTR is 20% and nobody cares

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Just bought Mar 19 5.5 AMC calls with part of my profits

Let's see what happens

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Okay guys what do I put $25k into?

An index fund

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I probably should put a portion into a safe fund and hold it long-term.

masterplum posted...

An index fund

This. VOO, VGT and ARKK are my big ones. I also have some in BRK.B which isnt an index fund but similar.


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Moonroof, are you still with me in SPCE?

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No I sold that to make room for EVRI

wow and i thought my 700 dollar win on amd was good (which has all since bled out :( )

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My position on amc has more than doubled in the last week. I approve

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Wow I am holding stocks at such a low amount of money that even a +20% in PLTR today was just...$250 profit

<_<
>_>

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My $42 put on GME is actually somewhat risky as I no longer have any puts on GME-- I sold that long term one as part of my call play.

I think the volatility decrease will drop the value on the put well before I am at any risk of being assigned shares though. I guess if it drops to like $40 on Monday immediately at open it's not so good! But whatever I'll just sell calls if that happens.

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big daddy lopen should tell me how to get rich yesterdat

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With gamestop settling the options seperated and I'm up $2k today.

Not bad. I'll make another 8k if it stays at 60 for another week


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I did tell you how to get rich yesterday! All my moves are documented! (Don't do what I did that's way too stressful)

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too busy playing with amd i guess my bad

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And yeah, to go back to what should I invest in, about 75% of my portfolio is an index fund and 25% is random shit like gamestop spreads

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Seriously though if you want the next calculated gambling move 3/19 $5.5 calls on AMC as many as you can stomach

Sell half when the premium doubles to remove your risk. No exceptions. This is important to give you the mental fortitude to hold longer to make good profits rather than selling early.

Hold the rest as long as you can.

Should be a very easy profit. Short exploding fad will continue I'm sure.

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If you wanna play it risky(?) you can wait for a day AMC doesn't go up a bunch to open those contracts though. Basically wait for a few stable days and the premium will go down a lot

Although least risky play is buy a bunch of AMC shares now, sell calls for next week at $4.

Repeatedly sell calls 1 week out for a little more than the current value of the stock. You'll lose out when the stock goes supernova like today but you'll make a nice little profit.

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out of curiosity for plum and lopen, what platform do you guys use to trade options. I moved my accounts to merill edge to get platinum honors with BoA but I don't really want to use them for options.

Robinhood is one i might use, thinkorswim is the other one I hear about I think?

Also out of curiosity what % of your portfolio do you risk on any one trade. I tend to never go over 0.25% on an individual option trade (although I tend to just buy puts or calls for fun moreso than selling for the gain on theta decay)

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I bought 1/23 calls those aren't supposed to double in a week lol

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Whats there to be bullish on amc, cinemas are going out of business

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I think if they go out of business they will be bought by Disney. Movie chains are never going to die, and being acquired by Disney just makes sense.

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that option is already up 100%

lame, looks like im skipping that one

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maybe in a few days though i think maybe you people are right and im wrong

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There's actually nothing to be bullish on amc imo but idiots will throw money at it anyway because it has a lot of short interest. It also seems prone to moving up lots on kinda iffy news and has strong brand power. This is just GME part two but you can get in on the ground floor this time.

Also I'm using Robinhood but I've been told it's sub-optimal for this for some reason. I don't care though. It works fine for me.

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I would expect this GME stuff to have spillover effects on other stocks with high short interests. People are going to be seeing short interest as value.

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A single chapter 11 announcement by AMC and you lose almost all of your money instantly
As far as I know Gamestop was not in danger of bankruptcy, but headed in that direction
AMC IS in danger

Unless I am wrong

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Nanis23 posted...

A single chapter 11 announcement by AMC and you lose almost all of your money instantly
As far as I know Gamestop was not in danger of bankruptcy, but headed in that direction
AMC IS in danger

Unless I am wrong

The AMC board would be really foolish to declare bankruptcy in this market environment. If they need the money, announce a stock offering. People will buy it.

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im just going to stick with AMD for next week cuz theres a solid chance it moons

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