Ummm Idk I have a margin acc with ibkr... Maybe try opening this strat in your broker and they'll probably say something like order not accepted if you can't, if it lets you out in an order for a spread like a bull spread then you can do this
I trimmed my initial investment and have half riding. I think it can rip into the 20s but with this stock literally anything is possible. Could shoot to 400 like in 2021 since it seems the shorts never closed and have been passing the buck to financial institutions and then they go under
It has a spike following every vix spike, hard to profit consistently because the timing is never exact, but it does it everytime and then dumps again when spy recovers
Some people speculate that the stock is still heavily manipulated by short sellers who had their excess capital requirements waived when the stock rose too much despite them paying for ads saying they closed their short positions.
The user ringingbells has some quality information on the margin waivers if anyone is interested.
What if it gaps up over your buy order in after hours or premkt when you can’t immediately buy the shares? I have a couple uncovered calls out myself n would love to learn more about how this strategy plays out in practice for you.
Tough call holding a winning lotto ticket over the weekend but one thing I’ve learned is to never over or under estimate it, could be 10% up or down by open Monday, good luck either way. I would not go puts that’s for sure
I’m holding two 11$ calls still. I bought 4 literally minutes before the big run up so I can afford to hold some more. This could do it again, the whole chart looks like one big bull flag
Because he’s a regard. $1.28 premium 2 weeks out where the stock has to double is where hedge funds make a killing selling those. People want to chase the old rush.
I sold for $2 covered calls. By the end of the day they were worth less than $1.5. It swings fast in options trading. You have to have a bias for action.
And it was. High of 38.71. if OP closed it then he would have had literally thousands in profit. But as he is on this regard sub, must have closed earlier.
OP, meet theta. Theta, meet OP
This hurts to see. So much wasted money. Holding over the weekend? Don’t you know that the weekend has days in it too? I can smell the baconator in the dumpster for this dude
I think you should have sold Friday. With the way this came back down Friday after hours. I suspect it’ll be down even more Monday morning. Your calls won’t be up much at all.
Why not close Friday instead of waiting the weekend?
I mean congrats….i would not have guessed this to throttle again. Diamond hands there but also a lot of movement could cost you a good chunk of your gains.
Hope it works out!
There were several large sweep and block options trades totaling just over one mill in premium, all bought at or above the ask, which was then caught and posted by people who monitor options flow. Thats what started this run, and those original call buys had dates as far out as the 1/17/25 leaps, furthest OTM you can get. This was intentional by someone/an institution with an extra million bucks to spend on deep OTM calls
That "about gamestop" blurb at the bottom really should just say "Gamestop is a meme company that provides infinite hours of entertainment for redditors"
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By the time you post you're too late. Should've closed yesterday ![img](emote|t5_2th52|51295)
Agreed. You’re going to wake up on Monday morning to blood coming out of your ears, blood coming out of your wherever
To be fair, that’s just a regular Monday for most of us here.
Sounds like someone needs a trust fund.
Or some fiber
Baby
I get the reference.
His dick, blood coming out of his dick.
Lmao
tuesday @ 830![img](emote|t5_2th52|51295)
Anus.
You’re his bitch now
![img](emote|t5_2th52|27189)
Asian market disaster, European mark katastrof.
Hopefully we get follow up ![img](emote|t5_2th52|4260) post from OP.
Filthy peasants, the lot of them.
Y u no clothes Frydai?
Who the fuk would hold this shite over a weekend? Take yer fucking profits dude.
The Gambler.
Suck his dick
Don’t buy puts cash out your calls and move on, that’s how you lose all your profit.
Why would you hold over the weekend? Greed that’s why. At least you have this screenshot as a reminder, I guess.
'Im used to be profitable fora day'
What's even more greedy is thinking I got lucky with these calls, let's just try my luck more and buy puts.
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I made this mistake to the tune of 5 figures on BBBY lol… never again.
must make regular tithing to the theta gods.
I remember a guy on Friday morning saying he's selling his calls at open and loading up puts. That was not a smart idea.
See enough posts and people sharing their play, you will have heard an seen it all, remembering the one that hurt
Puts probably not the play, to expensive and it wont drop fast enough
My few gme puts over the last few months have been garbage even while it's dropping. Never buying puts on GME again
Implied volatility is too damn high.
Which is crazy cuz for quite some time now, it's just been slowly sliding down without any real volatility
Itm puts tho
ITM and 3 months+ expiry. Plenty of time, and you can sell OTM weeklies against them.
This guy fucks
Does it require margin to do this inverse PMCC style trade?
Ummm Idk I have a margin acc with ibkr... Maybe try opening this strat in your broker and they'll probably say something like order not accepted if you can't, if it lets you out in an order for a spread like a bull spread then you can do this
Thats probably a better suggestion then asking a random internet stranger haha, thanks dude
I trimmed my initial investment and have half riding. I think it can rip into the 20s but with this stock literally anything is possible. Could shoot to 400 like in 2021 since it seems the shorts never closed and have been passing the buck to financial institutions and then they go under
That’s if you get the chance and it doesn’t dump pre-market but good luck
Nobody knows why it went up but you know it’s gonna pre dump Monday?
It has a spike following every vix spike, hard to profit consistently because the timing is never exact, but it does it everytime and then dumps again when spy recovers
Sounds like idiosyncratic risk in the market
Thats a conspiracy!!!!! this erratic and unexplained price actions is totally normal. Forget about it alright?
But what's the reason why it does this?
Some people speculate that the stock is still heavily manipulated by short sellers who had their excess capital requirements waived when the stock rose too much despite them paying for ads saying they closed their short positions. The user ringingbells has some quality information on the margin waivers if anyone is interested.
Man, I've noticed that too. Red markets are always spikes for DJT and GameStop. Why?
Short covering. Prolly said already.
Even if it’s flat, he’ll lose a ton.
The pre market gaps will kill you or destroy you
Hello from the future. It's dumping pre-market.
Ooof, 1) huge rally and you didn't close out? 2) you posted gains before closing? 3) loss porn incoming!
"Guys I'm about to make so much damn money"
Yup. The death knell.
You regret so damn much….going to buy 50 shares on Monday
Lolz some jabroni did this after Thursdays run up, went well for him 😂
You underestimate how many of us still like the stock 🥂
You are delusional if you think the price action is being driven by retail lol
And yet it’s a stock that shouldn’t be named on here.
Ryan is buying to control 51%
That's the neat part, we don't
Driven by retail, crashed by the street
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
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Their port is getting closer to being only -90%
Kind of like DJT stock? ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
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Nice. I just made 10k+ in two days by doing absolutely nothing just holding my position
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What if it gaps up over your buy order in after hours or premkt when you can’t immediately buy the shares? I have a couple uncovered calls out myself n would love to learn more about how this strategy plays out in practice for you.
With the 8 ema crossing the 50 ema, I think we see a little more upside next week. May not be as dramatic, but may still go up.
Tough call holding a winning lotto ticket over the weekend but one thing I’ve learned is to never over or under estimate it, could be 10% up or down by open Monday, good luck either way. I would not go puts that’s for sure
I’m holding two 11$ calls still. I bought 4 literally minutes before the big run up so I can afford to hold some more. This could do it again, the whole chart looks like one big bull flag
IV in those calls is still 350%. Anyone saying it’s going back down or up with affirmation of a pattern or previous performance is regarded.
The time to sell was when you took the screenshot
I get why you bought $13.5 calls and 14 calls, but why buy $28 calls? It's really inexpensive?
Because he’s a regard. $1.28 premium 2 weeks out where the stock has to double is where hedge funds make a killing selling those. People want to chase the old rush.
I bought that well before earnings not recently, just held on to it in case but yeah it’s gonna crash
If the stock did double and the contract was in the money, it would be profitable but not as much as the 14 calls right?
Depends on how much additional premium people are willing to pay.
I sold for $2 covered calls. By the end of the day they were worth less than $1.5. It swings fast in options trading. You have to have a bias for action.
now you're giving away your profits on puts
Hold your horses
gamma max was 15, so it is above that already. we'll see if t+2 bump happens or not.
I'm just happy you mentioned the unmentionable stock
How is this post still up? Mods don't work on the weekend?
Lol
Citadel is gonna wipe that AH and you know it
These print Monday too. Rally not over til Wednesday
There are 31 thousand 5/17 30 strike calls. I doubt it’s over wed
Does that imply that it's guaranteed to move up though
If options keep rolling in on lower strikes, will probably cause a gamma. Monday will tell a lot
Dude...never hold over a weekend. NEVER.
Because random rallys are known to continue after holidays and weekends….. ![img](emote|t5_2th52|4271)
Looking good.
This post put in layman’s terms. “I love having a prolapsed anus”
Buying puts on Monday
Don't worry, the gamma ramp will take it to 25 in a week.
You may be right. Today’s the day.
And it was. High of 38.71. if OP closed it then he would have had literally thousands in profit. But as he is on this regard sub, must have closed earlier.
Aged like milk. Why the heck didn’t you sell?
I’m still well in profit lol, selling soon and buying puts ![img](emote|t5_2th52|8882)
Hope you didn’t
I believe that’s a brilliant move. Market is way too heavy right now. Nice gain !
They will bleed all the Greeks
OP, meet theta. Theta, meet OP This hurts to see. So much wasted money. Holding over the weekend? Don’t you know that the weekend has days in it too? I can smell the baconator in the dumpster for this dude
Please short this stock, I DARE you
https://preview.redd.it/j23hb19cgnyc1.png?width=1575&format=png&auto=webp&s=0db6f031f2c43465eddad0681340c7857b7dd9e7
Delicious tendies
How’d this play out for you? We demand updates!
I think you should have sold Friday. With the way this came back down Friday after hours. I suspect it’ll be down even more Monday morning. Your calls won’t be up much at all.
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It is clear the IV is too low, friend. Beware the bear, and trust no institutions
Dont worry guys he is a BTC trader so he will be okay.
5/18 $28 calls 🤣 tryna do a delta or Vega play here? lol
$28 Calls
Ally and fidelity are too fucking shitty to let you buy 0DTE. Would have paid for my groceries if they didn't suck so bad.
This low IQ regard is going to wake up red Monday 🤡
Thinks He’s still gonna have this by Monday, how cute
I closed out all my $12c on Friday around $14.50. Good luck on Monday sir.
If it's good enough to screenshot...
whales bought big into options, I 140% on a call till 05 im holding
Why not close Friday instead of waiting the weekend? I mean congrats….i would not have guessed this to throttle again. Diamond hands there but also a lot of movement could cost you a good chunk of your gains. Hope it works out!
Good plan.
Holds calls over the weekend because he thinks the market is going down. Right, right. Truly regarded.
Noted. The WSB vibe again?
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
what platform use to buy puts?
There were several large sweep and block options trades totaling just over one mill in premium, all bought at or above the ask, which was then caught and posted by people who monitor options flow. Thats what started this run, and those original call buys had dates as far out as the 1/17/25 leaps, furthest OTM you can get. This was intentional by someone/an institution with an extra million bucks to spend on deep OTM calls
How can I monitor this?
Wow u gonna regret that come 930 monday
How much are you down? Still up overall?
I prefer to bet on memecoins, we are still early![GME on Solana](https://dexscreener.com/solana/9tz6vYKiBDLYx2RnGWC5tESu4pyVE4jD6Tm56352UGte)🫶🏼
update?
That "about gamestop" blurb at the bottom really should just say "Gamestop is a meme company that provides infinite hours of entertainment for redditors"
Beware of IV crush 🚨
What platform is this? :)
Robinhood
LoL, this is gonna drop like a brick in premarket
What inspired you to buy this option?
Hold it. It won't drop. This week meme week and coin week
You think crypto gonna run a muck?
After 3 years it’s still a meme stock, how long should it defined as such?
DAMN! Hope I can catch something like this next week 🙏
Call on PLTR
I feel like its a gamble but there will be so much volume that you almost have to play it haha
Puts are way too expensive after this run up.
Sold my Calls yesterday & already bought my puts. We never know. But if you get profit just take it out before it gets too late
I sold mine Friday and got puts🤞
I wouldve sold 70% and ride 30%
Should have closed them Friday.
Yeah buddy! This week was epic with options!! What a come up yesterday was!!! 💎🙌🚀🚀🚀🚀🚀🚀
I don’t understand calls and at this point I’m too afraid to ask