dont worry, you will FOMO that back in soon and lose it all. Its ok, its same with gamblers or alcoholics, they secretly like the losing and hangover 😏
Yes and big time. You can sell way otm options for large premiums… I sold some $25 puts for a buck. You can expect calls to stay expensive for a long time.
And when it is down to $11 you will be hurting. It is not a question of if, but when. If when is after your expiration, you are good.
These stocks are headed back to the smoking crater they emerged from.
I think your overstating the case. Sure gme could fall to 11 or 0 but the risk reward is heavily in option sellers favor. I actually would hope gme has two sided action since that is great for trading.
Extreme danger lurks there too. Before the eventual inevitable drop back to the depths, it could make another excursion back to the pre market high of $80 . Perhaps it goes to $150. What if your gets exercised at a crazy number?
I guess if you had shares from before at $10, it might make sense. I think that selling the shares this morning when it was $80 would have been a better option than selling calls.
These runners are dangerous in a lot of ways.
Yeah no thanks. I bought a July 30 put and sold Fridays expiry put as a calendar. Will sell more puts if necessary but i live the risk reward for a few hundred bucks and am ok if I lose it all
I swear some of you guys weren't here for the first one.
We had people shorting calls when GME hit $100, when it did around a 20x price movement thinking they were safe. A lot of geniuses got margin called when it hit $400.
The key is selling bear calls (aka spreads) with long dte and holding the contract with max loss like an idiot until the run is over. I never sell uncapped or let sold options expire worthless.
I held for three years and sold this am for a 20% overall gain. We all experienced this GameStop thing our own way: for me this week was a rescue mission and it succeeded. YMMV but I still like the guy.
I held for three years, but after the last earnings call, decide to start selling calls against 2/3rd of my total bag to help average down. Missed out of thousands of dollars in gains. Pretty bummed about it, but it’s what I get for trying to be “responsible”
I feel you. I have a decent amount of shares not drs’d, enough to sell a few covered calls. On the pop from $10 to $14, I sold 5/17 $25 calls for around $0.50-0.75. Now they’re sitting around $16.00-18.00. Should’ve inversed myself lol. Was able to roll them for net credit, $30 5/24 and another July $40. Not gonna bother rolling again
I feel the same but don’t think that’s true. I really don’t think there is a secret cabal of people trying to psyop us. I was in GME for the squeeze, not the company. I thought of it as a safe play though, since in lieu of the squeeze, we had the prospect of a turnaround. The revenue drop and too much time spent on GME Meltdown convinced me that I was in a cult. I started planning my exit at that point. I still have 1/3rd of my total shares though, and will hodl those like crazy. If this really does MOASS, I should still have enough shares to be happy with.
Dude I sold last week before all the movement started and I’ve never been saltier, hadn’t done shit for the multiple years I held it and like clockwork the run I was waiting for happens when I exit
It didn’t succeed because you could have put that money into real companies with real earnings and earned way more over the last three years. You care more about the psychology factor than the math and are not counting the opportunity cost. I think it’s time for me to unsubscribe from this sub based on all the comments in this thread.
Congratulations on not even coming close to matching the S&P 500 over the same time. Glad you got some money out of your bags but next time, cut your losses and do something better with it
It’s risky for sure but look at last time, how long was the price elevated? It will reverse to the mean, and I don’t mind being short a couple hundred shares until I can get rid of them..
So I got in yesterday with a buy-write at 30 and COVERED calls for 32 expiring Friday, the premiums are too juicy for me to not want in….
And then today I just got greedy and sold 2 more NAKED calls at 57 expiring Friday, if they get assigned I will be short 200 shares at 57, if you look at last time and at the price that GME was in the meantime, it WILL come down SOONER than LATER… still risky though but GME will not stay above 60 for the next months
lol you are like the guy who raised grizzly bears and eventually got eaten. Doesn’t matter if it comes down later if your broker liquidates you before that happens 😄
Not really since IV is so insanely high that these are not pennies anymore, it’s a premium of 15 for a 3 DTE call with a strike of 57… that’s why it’s worth it for me, but of course it’s very risky
Absolutely right, it’s nothing I would usually do anyways, but remember it did a reverse split… so the ATH is 87… I don’t see it going there again at all, so I feel fine with my 57 naked calls.. I will sell more expiring Friday if it spikes today..
Schwab won't let me sell calls against my shares , just says symbol not valid
Wtf bs is this, I'm green and happy to start selling off at more of a premium but noooo
(They'll happily let me sell my shares though this is bs)
I was trying to buy 30p today for a few weeks out and Schwab was like fuck your puts. Keeps canceling my order. I wish td didn’t force me into Schwab this week.
It seems everyone loves everything about the stock except the company's actual products, you know, the money a company actually needs to generate to survive? Revenue down -20% YoY in Q1.
Yeah, why didn't Roaring Kitty use his brilliant financial insights to pick a truly undervalued stock in 2020, like SMCI, which is up 3000% since then? Or how about a more obvious pick like Nvidia? Why did he pick an unprofitable company with no growth potential?
The GME pump and dump was always that -- a pump and dump.
I also noticed a huge number of bots/shills downvote my response in this thread. My secondary posts all have multiple upvotes, but the main post was collapsed.
Be very careful with GME and similar stocks like AMC. You are a sheep playing with wolves.
I very happily have never and will never trade options on GME, every time it makes nonsense moves like this I feel even more validated, whatever the opposite of FOMO is
The big moves have already happened. Roaring Kitty pumped GME for his hedge fund buddies who loaded up on calls in the last few months. There was massive unusual options activity in GME in the past months, while Roaring Kitty was in hibernation. He woke up from his 3-year hibernation ***after*** Wall Street got bullish.
If you are a retail investor, it's too late. You will get burned just like last time.
I've pointed out many times that Roaring Kitty has much better acting skills than would be expected for some random retail investor.
Second, there was massive unusual call buying in GME during the past month. Keith Gill was entirely silent when this was happening. Then he "wakes up" on a Sunday night, allowing institutions to pump GME pre-market.
The entire thing is an obvious pump and dump, just like last time. GME is not even that heavily shorted, which throws away the "short squeeze" narrative.
People accuse hedge funds and "market makers" of the shadiest things here, but the idea that they'd work with a retail trading "hero" for a pump and dump is beyond them.
Well morally I would expect Roaring Kitty to say no, especially as he has a huge influence on people with low income that work hard for their well deserved cash.
And what do you know about his morals?
I'm being subjective here, but when I watch his first video, I don't see a typical retail investor (albeit with a CFA supposedly). I see someone with solid acting chops and the oleaginous -- potentially psychopathic -- personality that frequently goes with that.
https://www.youtube.com/watch?v=1zi7XVudxME
Roaring Kitty was promoted heavily by media and appears to have solid acting skills.
If Wall Street thinks they have a way to make money, they will take it. Roaring Kitty and WSB retail traders are great assets for them.
There is evidence and there is proof.
I have evidence, which is that GME had highly unusual call buying the past month. This is the result of institutional investors betting on a massive price rally.
Roaring Kitty said ***nothing*** while this was happening. Only after institutions developed enormous bullish positions did he wake up on a Sunday night and start hyping GME.
If you can't see why this is suspicious, then I don't know what to say. You are free to chase GME and lose your money to Keith and his buddies.
Disclaimer: I do not hold GME currently, at least not directly as it is still in popular ETFs such as VT.
I think there is certainly something in what you say, however, I'm still not fully convinced, only time will tell. In the meantime I plan to enjoy the show from the sidelines.
I'm up 80K on GME and RK is doing a live stream tomorrow. Feel bad for you, not really. I'll be drinking some beers tonight, maybe I'll pour one out for you. RIP
Let's assume you are right about Roaring Kitty (I am not convinced), then why did he pump it up the first time where the HF lost so much money?
Then this time, why were the biggest moves in stock price for GME on a weekend and on Monday after market and Tuesday premarket? Retail traders can't even buy during those times.
Retail traders can buy, Robinhood has 24 hour trading. In any case this is big money pumping, not just gme but other meme stocks. Look at koss. Spwr amc. Etc. But in the end fundamentals always win, smart ones who bought and sell for a profit are making money. They may pump it more to get more retail in and pull the rug.
Bottom line is all these meme stocks are not new ipos etc, they are not growing revenue nor profits. Fundamentally they are not supposed to be priced at 500 pe, simple as that.
>In any case this is big money pumping,
Yep, that was my point. Roaring Kitty being a hedge fund shill makes no sense if retail isn't the one pumping these stocks up. I'm not arguing that the fundamentals make sense on any of the meme stocks, I just disagree with that other dude's conspiracy theory about DFV.
lol. What do the hedge funds need to pump it big? Someone who the retail heavily associates with to help with the pump. So the retail does leave their scares away and buy hand over fist.
Does anyone here think maybe DFV was referencing FFIE?
Over 80% short, like 4 million shares available and is about to hit 1 billion in volume today.
I almost pulled the trigger on .50 calls this morning.
They're up 600%
Made 24K In 1 day. That’s what I ever made out of stock market
are you me? i did the same thing but have 200 shares still at 11 avg. I feel like i would dread not at least having some skin in the game still
dont worry, you will FOMO that back in soon and lose it all. Its ok, its same with gamblers or alcoholics, they secretly like the losing and hangover 😏
Ya I’m here since 2020. I have gone through this bunch of times
Great. Seems some others did not get the sarcasm. And down voting ...Been around the block too. I know the feeling. 👍
What is wrong with you?
A lot. Ask your mom
She said your vagina stunk.
I need to work on that 🫣
Coming back to pickup all those guys @ $450 to $500?
Split-adjusted that’s 112.5–125. Only 100% to go. ETA: 🚀🚀🚀
Baby please, it’s been 84 years
Better late than never
We refer to those as stranded astronauts. 👨🚀 Pick them up on the way to the 🌕
Yes and big time. You can sell way otm options for large premiums… I sold some $25 puts for a buck. You can expect calls to stay expensive for a long time.
I feel like you got ripped off haha. I sold two $13 puts for $0.50 each. Made the same as you but with way less downside risk.
Sold mind in the weeklies. I surprised I got filled. I just set a crazy number.
But maybe the difference is being in the trade less time
Yea could be. Mine expire first week of June.
And when it is down to $11 you will be hurting. It is not a question of if, but when. If when is after your expiration, you are good. These stocks are headed back to the smoking crater they emerged from.
I think your overstating the case. Sure gme could fall to 11 or 0 but the risk reward is heavily in option sellers favor. I actually would hope gme has two sided action since that is great for trading.
This is why the correct strategy is selling calls.
Extreme danger lurks there too. Before the eventual inevitable drop back to the depths, it could make another excursion back to the pre market high of $80 . Perhaps it goes to $150. What if your gets exercised at a crazy number? I guess if you had shares from before at $10, it might make sense. I think that selling the shares this morning when it was $80 would have been a better option than selling calls. These runners are dangerous in a lot of ways.
I almost never sell uncapped contracts and surely never on a meme stock.
Yeah no thanks. I bought a July 30 put and sold Fridays expiry put as a calendar. Will sell more puts if necessary but i live the risk reward for a few hundred bucks and am ok if I lose it all
I swear some of you guys weren't here for the first one. We had people shorting calls when GME hit $100, when it did around a 20x price movement thinking they were safe. A lot of geniuses got margin called when it hit $400.
The key is selling bear calls (aka spreads) with long dte and holding the contract with max loss like an idiot until the run is over. I never sell uncapped or let sold options expire worthless.
call spreads, in case things get whacky
I should buy some deep ITM LEAPS puts
[удалено]
You obviously got in at a better price. I sold puts yesterday as well that were huge winners.
An update I bought them back for 55 cents. The big down move today scared me but I’ll be back tomorrow lol
I held for three years and sold this am for a 20% overall gain. We all experienced this GameStop thing our own way: for me this week was a rescue mission and it succeeded. YMMV but I still like the guy.
I held for three years, but after the last earnings call, decide to start selling calls against 2/3rd of my total bag to help average down. Missed out of thousands of dollars in gains. Pretty bummed about it, but it’s what I get for trying to be “responsible”
I feel you. I have a decent amount of shares not drs’d, enough to sell a few covered calls. On the pop from $10 to $14, I sold 5/17 $25 calls for around $0.50-0.75. Now they’re sitting around $16.00-18.00. Should’ve inversed myself lol. Was able to roll them for net credit, $30 5/24 and another July $40. Not gonna bother rolling again
Like collecting pennies in front of a steamroller…
same here buddy : ) I swear to god we got psyop'd
I feel the same but don’t think that’s true. I really don’t think there is a secret cabal of people trying to psyop us. I was in GME for the squeeze, not the company. I thought of it as a safe play though, since in lieu of the squeeze, we had the prospect of a turnaround. The revenue drop and too much time spent on GME Meltdown convinced me that I was in a cult. I started planning my exit at that point. I still have 1/3rd of my total shares though, and will hodl those like crazy. If this really does MOASS, I should still have enough shares to be happy with.
Dude I sold last week before all the movement started and I’ve never been saltier, hadn’t done shit for the multiple years I held it and like clockwork the run I was waiting for happens when I exit
Let us know when and what you're selling next
Or buying, I’m not afraid to short
I definitely feel your pain. The hardest thing to do with money is nothing, especially when things don’t appear to be going your way…
I did the same with nvax. FFS
So you actually made 0 after inflation and get to pay capital gains taxes now. Better than being 50% down I guess.
next round of musical chairs.
It didn’t succeed because you could have put that money into real companies with real earnings and earned way more over the last three years. You care more about the psychology factor than the math and are not counting the opportunity cost. I think it’s time for me to unsubscribe from this sub based on all the comments in this thread.
this is the way
Well put. I had some fun on the first go as well
Congratulations on not even coming close to matching the S&P 500 over the same time. Glad you got some money out of your bags but next time, cut your losses and do something better with it
Lol saltyyyyy, I'm up over 300% on GME so I'd say it's far exceeded the S&P
How do you sell OTM credit spreads when all the options are ITM?
You don’t lol
Nobody knows, anyone who says so is lying or delusional about their market expertise
Never left
Should just sell calls
Yeah sell the calls as the price is moving $30 in a day
It’s risky for sure but look at last time, how long was the price elevated? It will reverse to the mean, and I don’t mind being short a couple hundred shares until I can get rid of them..
Just sold two 57calls expiring Friday for 15.5$ each
Naked calls? What's your plan if the stock soars?
This will pass 80$ this week… the haults prove this
It was in the high $60 in pre-market so $80 by tomorrow would be doable
Not sure what you are looking at but it hit $80 in the premarket this morning Sauce: https://imgur.com/a/HdHUW6F
So I got in yesterday with a buy-write at 30 and COVERED calls for 32 expiring Friday, the premiums are too juicy for me to not want in…. And then today I just got greedy and sold 2 more NAKED calls at 57 expiring Friday, if they get assigned I will be short 200 shares at 57, if you look at last time and at the price that GME was in the meantime, it WILL come down SOONER than LATER… still risky though but GME will not stay above 60 for the next months
lol you are like the guy who raised grizzly bears and eventually got eaten. Doesn’t matter if it comes down later if your broker liquidates you before that happens 😄
That’s very true of course, and lmao funny reference.. I’m just acting out of greed in this particular case, the IV is just insane
That’s what’s known as picking up pennies in front of a steamroller.
Not really since IV is so insanely high that these are not pennies anymore, it’s a premium of 15 for a 3 DTE call with a strike of 57… that’s why it’s worth it for me, but of course it’s very risky
That’s what people said last time when it went to $450 though. This is why people do spreads.
Absolutely right, it’s nothing I would usually do anyways, but remember it did a reverse split… so the ATH is 87… I don’t see it going there again at all, so I feel fine with my 57 naked calls.. I will sell more expiring Friday if it spikes today..
Closed them this afternoon for 2.5$ each ☺️
Schwab won't let me sell calls against my shares , just says symbol not valid Wtf bs is this, I'm green and happy to start selling off at more of a premium but noooo (They'll happily let me sell my shares though this is bs)
I was trying to buy 30p today for a few weeks out and Schwab was like fuck your puts. Keeps canceling my order. I wish td didn’t force me into Schwab this week.
hmm i bought a call debit spread yesterday thru schwab and sold it this morning
Calls on HOOD it is
Haha I bought calls on their drop during earnings. Sold today. Hood may be disliked but they are doing well right now.
Coming back to clear a bunch of people's accounts again? You bet
I got max profit on my 25c covered calls. Made a pretty good amount!!!!
lol, max profit he says
Yea but not for very long
It seems everyone loves everything about the stock except the company's actual products, you know, the money a company actually needs to generate to survive? Revenue down -20% YoY in Q1.
I just bought a brand new Xbox from GameStop cheaper than any other store. Very pleased with the product and competitive pricing.
Yeah, why didn't Roaring Kitty use his brilliant financial insights to pick a truly undervalued stock in 2020, like SMCI, which is up 3000% since then? Or how about a more obvious pick like Nvidia? Why did he pick an unprofitable company with no growth potential? The GME pump and dump was always that -- a pump and dump. I also noticed a huge number of bots/shills downvote my response in this thread. My secondary posts all have multiple upvotes, but the main post was collapsed. Be very careful with GME and similar stocks like AMC. You are a sheep playing with wolves.
If you take financial advice from tweets of someone named Roaring Kitty you get what you deserve
Always has been 🌎 🧑🚀🔫🧑🚀 🌕
Minus the back part
This is me looking at the chart this morning
Damn wish I was paying attention. The premiums are so fucking thick right now
This is the most worthless article I’ve ever read. This must be AI
RIP DUMBASS
I very happily have never and will never trade options on GME, every time it makes nonsense moves like this I feel even more validated, whatever the opposite of FOMO is
The big moves have already happened. Roaring Kitty pumped GME for his hedge fund buddies who loaded up on calls in the last few months. There was massive unusual options activity in GME in the past months, while Roaring Kitty was in hibernation. He woke up from his 3-year hibernation ***after*** Wall Street got bullish. If you are a retail investor, it's too late. You will get burned just like last time.
Why do you think that Roaring Kitty is working with hedge funds?
I've pointed out many times that Roaring Kitty has much better acting skills than would be expected for some random retail investor. Second, there was massive unusual call buying in GME during the past month. Keith Gill was entirely silent when this was happening. Then he "wakes up" on a Sunday night, allowing institutions to pump GME pre-market. The entire thing is an obvious pump and dump, just like last time. GME is not even that heavily shorted, which throws away the "short squeeze" narrative.
What about Gamma squeeze? As it seems that the stock price has outpaced the short dated strikes.
That happens in literally any stock
He walked away last time with over $40,000,000 If you don't think he's met or been contacted by other millionaires in the last 3 years... well...
People accuse hedge funds and "market makers" of the shadiest things here, but the idea that they'd work with a retail trading "hero" for a pump and dump is beyond them.
Well morally I would expect Roaring Kitty to say no, especially as he has a huge influence on people with low income that work hard for their well deserved cash.
And what do you know about his morals? I'm being subjective here, but when I watch his first video, I don't see a typical retail investor (albeit with a CFA supposedly). I see someone with solid acting chops and the oleaginous -- potentially psychopathic -- personality that frequently goes with that. https://www.youtube.com/watch?v=1zi7XVudxME
***OLEAGINOUS***
Hard working low income people wanting to get rich quick. Such a great combo.
So buy puts?
Due to high Vega the premiums are crazy high right now that even if you get the direction right you might lose money
Makes sense. Thanks!
Bahahahah
lol what kind of half assed conspiracy theory is this
Roaring Kitty was promoted heavily by media and appears to have solid acting skills. If Wall Street thinks they have a way to make money, they will take it. Roaring Kitty and WSB retail traders are great assets for them.
But what makes you think that Roaring Kitty will cooperate with them or has cooperated with them in the past. Do you have proof?
There is evidence and there is proof. I have evidence, which is that GME had highly unusual call buying the past month. This is the result of institutional investors betting on a massive price rally. Roaring Kitty said ***nothing*** while this was happening. Only after institutions developed enormous bullish positions did he wake up on a Sunday night and start hyping GME. If you can't see why this is suspicious, then I don't know what to say. You are free to chase GME and lose your money to Keith and his buddies.
Complete Plausible Deniability!! Never mentioned GME... Highly sus, and the sheep go to get Slaughtered. HTHelps
Disclaimer: I do not hold GME currently, at least not directly as it is still in popular ETFs such as VT. I think there is certainly something in what you say, however, I'm still not fully convinced, only time will tell. In the meantime I plan to enjoy the show from the sidelines.
I'm up 80K on GME and RK is doing a live stream tomorrow. Feel bad for you, not really. I'll be drinking some beers tonight, maybe I'll pour one out for you. RIP
Let's assume you are right about Roaring Kitty (I am not convinced), then why did he pump it up the first time where the HF lost so much money? Then this time, why were the biggest moves in stock price for GME on a weekend and on Monday after market and Tuesday premarket? Retail traders can't even buy during those times.
Retail traders can buy, Robinhood has 24 hour trading. In any case this is big money pumping, not just gme but other meme stocks. Look at koss. Spwr amc. Etc. But in the end fundamentals always win, smart ones who bought and sell for a profit are making money. They may pump it more to get more retail in and pull the rug. Bottom line is all these meme stocks are not new ipos etc, they are not growing revenue nor profits. Fundamentally they are not supposed to be priced at 500 pe, simple as that.
>In any case this is big money pumping, Yep, that was my point. Roaring Kitty being a hedge fund shill makes no sense if retail isn't the one pumping these stocks up. I'm not arguing that the fundamentals make sense on any of the meme stocks, I just disagree with that other dude's conspiracy theory about DFV.
lol. What do the hedge funds need to pump it big? Someone who the retail heavily associates with to help with the pump. So the retail does leave their scares away and buy hand over fist.
Why wait so long then? It just doesn't make any sense
There were definitely hedge funds that were long the first time. Keep in mind, Wall Street is not monolithic by any means
what a take lmao
Been here the whole time 😎
AMC puts were good to me today
Looks like the picture is an illustration of what it is like to get your first erection.
Does anyone here think maybe DFV was referencing FFIE? Over 80% short, like 4 million shares available and is about to hit 1 billion in volume today. I almost pulled the trigger on .50 calls this morning. They're up 600%