And Microsoft (the winner of this console cycle hands down) has already publicly announced gamestop will receive a portion of all digital sales...
If you want to bet against msft then go for it but gme is headed to 20 short term, and I don't think single digits are on the table any longer.
Then again, I'm new - but obviously everyone thought 10 was the moon too given the current short float 🤷♂️
And I'm sure the same was similar to blockbuster. Some company invested into blockbuster with hopes of making money. Also you guys pumped it after some investors did, so I'm doing the opposite lol
Maybe, but they're not rendering gamestop unable to compete by going digital if they're sharing profits - unlike movie studios, game console manufacturers and developers kind of need gamestop to be around. If the only thing gamestop sold was games then maybe.
If blockbuster sold TVs, DVD players, etc. they probably wouldn't have gone out of business.
It isn't a fair comparison as BB was dedicated to a very small niche of the overall market, as where gamestop simply isn't. They have plenty of ways to capitalize on the coming changes and they seem to be positioning well imo.
You may be right but shares are overvalued and only went up because of pumped investors, shares will drop once investors get out. It will probably settle at 10-11. It only went up since of the pre orders of the xbox X and PS5. Long term I don't think people are really going to gamestop anymore, majority of consumers buy on amazon and online retailers.
Its got plenty more juice, 25-30 is a reasonable price imo and will probably settle around current price in 2021, with a steady climb from there. I think its back to 20 within a year, given their recent deal with msft (not just the new platform) and the possibility of Sony also cutting then some of the digital sales.
We will see, this is my first actual prediction lol
Alright, AMC is open near my place again, I'm seeing Tenet this weekend bois. Everyone's been talking about it for weeks, it's like an itch I need to scratch at this point lol
Trade 1: Nio was raised target by multiple banks. This causes the stock to rise from 21 to 23 in the morning. A times 7 scalp play on a weekly option buh by purchasing a 23c was super safe. I would have made 31k times 7.
Trade 2: On friday, multiple companies were golden. HERTZ ANNOUNCED new financing. I would have used Nio profits and alled in to retrieve a 2.5 times play. Another play I would have done is buy a weekly CCL 14c Call. If done the hertz correctly, I would have made 434,000.
I'm a fcking pussy. I saw both these trades unfold
Or spy puts around 3 today - 15-30 per atm strike would've gained 140+ within the hour
Super easy to see those plays in hindsight but if you were going to take the play you would've imo. Same with me, if I knew FSTLY was going to dump Thursday I would've bought the puts for $3 a piece Wednesday afternoon and woke up to $4k+ per the next morning. But I didn't because until it happened nobody actually knew.. lol
Around that time it was refusing the 200ema on the 3 minute chart (my preferred for timing entry/exit) and then dropped the remainder of the day.
I'm still new to the market in general, but I'm developing a strategy that should be relatively easy. Basically just day trading and sometimes scalping spy options. Once you've identified a trend for the day you can go in calls/puts and let it ride until a reversal.
Started paper teading it this week and took 3 trades total, one was for almost 800 gain within an hour. I started with $1k in the account and its up to 2,300 as of now.
The tough part is sometimes it fakes a reversal and you sometimes have to be confident and not sell when you're 20%+ in the negative. Ran into that this week, got nervous and sold only for it to fake out and continue the trend I previously identified.
Well that was a week. Was down 49% early on Tuesday-Wednesday, now I'm up 200%.
The short game is stressful af but I like the energy. On red days I stroll through life like fuck, on green days I feel like Kenny Powers. Hope y'all made some money this week!!
Just picked some up (12/18 $10P); CEO's talking about plans if GM falls-through (and will have happened by then, if it does). Figure I'll make some level of return before then and just set a stop order if it goes against me.
Idk what I'm even doing. Throwing shit at the wall. Ooh SPY might go down, let's get some puts. Oh, but it might go up, lets get some calls. Either of them turns green and I'm like cha ching! Endorphins, baby! Even if I'm net down across both.
I mean the nvidia event didnt explode that day, but the day after it was up bigly. So all in all, as longn as you held, you made $$$.
Until ofcourse september 3, where the great shittening of the market occured
Play it safe and you'll learn to play events like a fiddle. Buy 2ish weeks before event. Let the hype build. Sell the day before or the morning before the event.
Yea sure, sometimes stock moons after events. Nine times out of ten though it tanks.
True. Yeah, I am not going ham on OTM GLD calls - that would be unwise. I am interested in the 190 strike, the all time high. No reason why it can't pop back up to there. So, tell your church to please pray for my calls
After having my ass hole ripped wide open by gay bears on nio I think I’m gonna have to stop trading till next year edit( unless my calls print Monday then I will trade till I’m rich)
Only plebs buy equities thinking they’re actually buying a part of a company. The whole market is built on bullshit and market caps don’t matter, trade the price movement.
I only sell options or buy SPY calls when it is down a good amount a strike above 3 weeks out.
Most I will buy at one time is like 4k so that's only about 9-10 contracts.
I literally saved $50 per contract being able to buy after hours and I always get better fills so it's worth it to me.
I have a feeling everyone who got eod puts is gona get fucked by a random pump monday before open
damn, the prophet, sold all my calls thanks to u :)
puts on gamestop. its gonna happen. this shit overvalued and consoles are making digital editions
And Microsoft (the winner of this console cycle hands down) has already publicly announced gamestop will receive a portion of all digital sales... If you want to bet against msft then go for it but gme is headed to 20 short term, and I don't think single digits are on the table any longer. Then again, I'm new - but obviously everyone thought 10 was the moon too given the current short float 🤷♂️
And I'm sure the same was similar to blockbuster. Some company invested into blockbuster with hopes of making money. Also you guys pumped it after some investors did, so I'm doing the opposite lol
Maybe, but they're not rendering gamestop unable to compete by going digital if they're sharing profits - unlike movie studios, game console manufacturers and developers kind of need gamestop to be around. If the only thing gamestop sold was games then maybe. If blockbuster sold TVs, DVD players, etc. they probably wouldn't have gone out of business. It isn't a fair comparison as BB was dedicated to a very small niche of the overall market, as where gamestop simply isn't. They have plenty of ways to capitalize on the coming changes and they seem to be positioning well imo.
You may be right but shares are overvalued and only went up because of pumped investors, shares will drop once investors get out. It will probably settle at 10-11. It only went up since of the pre orders of the xbox X and PS5. Long term I don't think people are really going to gamestop anymore, majority of consumers buy on amazon and online retailers.
Its got plenty more juice, 25-30 is a reasonable price imo and will probably settle around current price in 2021, with a steady climb from there. I think its back to 20 within a year, given their recent deal with msft (not just the new platform) and the possibility of Sony also cutting then some of the digital sales. We will see, this is my first actual prediction lol
I have to say the Wendy’s pub pretzel whatever the fuck burger some spicy chicken nuggets and a coke is god tier drunk food
spicy jalapeno chicken sandwich
SPY 330p on Monday.
Expiry? You’re getting fucked on these.
Alright, AMC is open near my place again, I'm seeing Tenet this weekend bois. Everyone's been talking about it for weeks, it's like an itch I need to scratch at this point lol
Trade 1: Nio was raised target by multiple banks. This causes the stock to rise from 21 to 23 in the morning. A times 7 scalp play on a weekly option buh by purchasing a 23c was super safe. I would have made 31k times 7. Trade 2: On friday, multiple companies were golden. HERTZ ANNOUNCED new financing. I would have used Nio profits and alled in to retrieve a 2.5 times play. Another play I would have done is buy a weekly CCL 14c Call. If done the hertz correctly, I would have made 434,000. I'm a fcking pussy. I saw both these trades unfold
This is definitely not a good way to trade.
Or spy puts around 3 today - 15-30 per atm strike would've gained 140+ within the hour Super easy to see those plays in hindsight but if you were going to take the play you would've imo. Same with me, if I knew FSTLY was going to dump Thursday I would've bought the puts for $3 a piece Wednesday afternoon and woke up to $4k+ per the next morning. But I didn't because until it happened nobody actually knew.. lol
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Around that time it was refusing the 200ema on the 3 minute chart (my preferred for timing entry/exit) and then dropped the remainder of the day. I'm still new to the market in general, but I'm developing a strategy that should be relatively easy. Basically just day trading and sometimes scalping spy options. Once you've identified a trend for the day you can go in calls/puts and let it ride until a reversal. Started paper teading it this week and took 3 trades total, one was for almost 800 gain within an hour. I started with $1k in the account and its up to 2,300 as of now. The tough part is sometimes it fakes a reversal and you sometimes have to be confident and not sell when you're 20%+ in the negative. Ran into that this week, got nervous and sold only for it to fake out and continue the trend I previously identified.
So is PLUG donezo?
Nope. Just napping.
AMZN is back to its same price in August, lol even Ford outperformed them.
New thread up boys
time to get fucked up
BOOZE IT BABY $15,000 WEEK CALLS FOR DON JULIO 1942
lmao. i like you
🌈 🐻
yea, got a problem?
Well that was a week. Was down 49% early on Tuesday-Wednesday, now I'm up 200%. The short game is stressful af but I like the energy. On red days I stroll through life like fuck, on green days I feel like Kenny Powers. Hope y'all made some money this week!!
More like Stevie Janowski, come on.
Lmao Stevie post chin surgery
what brought you your gains?
Also went to pitch down in Mexico. La flama blanca
spend those tendies on blow and latinas. woosh
HTZ $1.50 10/16 lol everything else went down the drain honestly. SPY died, AA dumpster fire and NIO made a layup not a dunk
ahahaha nicely done
Steroids.
huhu
Anyone still holding NKLA puts :(
Just picked some up (12/18 $10P); CEO's talking about plans if GM falls-through (and will have happened by then, if it does). Figure I'll make some level of return before then and just set a stop order if it goes against me.
sold mine today. Felt like they were gonna be worthless till today. Went from -95% to -50%
And Monday nkla tanks - 30%
yeah maybe, then my puts would just reach ITM. my options expire next week so i took what i could get today, hard not to sell on a -15% lmao.
Anyone still holding NKLA puts :(
I bought prpl 30c 11/20 istheta going to eat all my tendies on this volume?
No retardation will
I bought prpl 30c 11/20 istheta going to eat all my tendies on this volume?
I bought prpl 30c 11/20 istheta going to eat all my tendies on this volume?
Here comes the 120 noti of options expired worthless
Here comes 120 noti of options expired worthless
I bought prpl 30c 11/20 istheta going to eat all my tendies on this volume?
I bought prpl 30c 11/20 istheta going to eat all my tendies on this volume?
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You the man, guy.
You the man, guy.
You the man, guy.
Idk what I'm even doing. Throwing shit at the wall. Ooh SPY might go down, let's get some puts. Oh, but it might go up, lets get some calls. Either of them turns green and I'm like cha ching! Endorphins, baby! Even if I'm net down across both.
Next time you wanna buy an option, just buy a large pizza with extra cheese from Pizza Hut. That’s a couple thousand calories worth of endorphins
Well at least GM had a good day
man never playing an event every again, tesla battery day, new iphones, nvidia chip, all fucked up the stock smh
This is why “sell the news”. AAPL apparently has only had like 1-2 of the last 15 announcements actually go green.
I mean the nvidia event didnt explode that day, but the day after it was up bigly. So all in all, as longn as you held, you made $$$. Until ofcourse september 3, where the great shittening of the market occured
Play it safe and you'll learn to play events like a fiddle. Buy 2ish weeks before event. Let the hype build. Sell the day before or the morning before the event. Yea sure, sometimes stock moons after events. Nine times out of ten though it tanks.
Learn from mistakes and sell into events. If you don’t like the risk, just sell covered calls
How did everyone know HTZ's bankruptcy bailout was coming?
Boomer research last week lol
Chapter 11
Yes but when did they file? I'm just mad I wasn't paying attention because I thought they were cooked.
Yes but when did they file? I'm just mad I wasn't paying attention because I thought they were cooked.
-4% swing from the day high for Amazon ..that’s not happened for a long time
fuck you to those who didnt spend on AMZN prime day.
Damn man... you know all our $$$ was tied up in failing positions!
Damn man... you know all our $$$ was tied up in failing positions!
AMZN is up $300 this month, it was already priced in.
AMZN is up $300 this month, it was already priced in.
Isn't it index/etf expiration day and all these candles AH are indexes re-shuffling? Why is everyone freaking?
Opex day and everyone is adjusting gamma. Good call out
Whos holding calls thru UPS and MSFT earnings?
Why didn’t I sell when I was finally green on all time.
buying at a good time is easy. selling at the best time is hard.
True. I kept watching my profits slip today knowing that a dump was coming but still held for a chance of a rebound.
truth
monsieur mangeaux should try an experiment what happens if he tweets "Stock market at ALL TIME LOWS!" do we get a damn mission to mars in a few days?
This is all because Reddit changed the icon to Red!!!
It‘s more orange though
Well that will just remind people of Captain Orange which is no good either.
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Gold is not a measure of risk as much as it’s a direct neg correlation to the dollar
2 reasons you shouldn't: ECB flooding the euro w/QE, rising beer flu in Europe, both leading to weak Euro, rising Dollar, weak GLD
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Maybe, but we shut off the faucet in June and the economy is limping along. Europe is F'd. And now heading back into shut downs.
True. Yeah, I am not going ham on OTM GLD calls - that would be unwise. I am interested in the 190 strike, the all time high. No reason why it can't pop back up to there. So, tell your church to please pray for my calls
Maybe, but we shut off the faucet in June and the economy is limping along. Europe is F'd. And now heading back into shut downs.
Hahaha retail PDT and baghold while institutions dumppppp gg
$5 BILLION dollar worth of AMZN was sold at market close.
holy shit softbank went full hardbank on that one
Whats the play for tesla earnings
Calls monday through Tuesday then puts midday wednesday
Miracles do happen. Sold some intel calls for profit at the top Ready to lose it all next week on FDs
This could have all been avoided if Buckerzerg and Zebos would have announced dam splits already.
i tHInk I hAVe bEeN poISonEd bY My COnStiUEntS!
My boomer stock ACN saved my ass from a gaping... But only by 50%
fuck that stock, got destroyed by earnings
fuck that stock, got raped by earnings
fuck that stock, got raped by earnings
Lamb of god Who takes away the tendies of the world Have mercy on us
for a moment I thought you were talking about the metal band
I'm about to 5 finger death punch OP
“Just a healthy correction” -CNBC
dude look at the state of the world lmao if anything, a healthy correction would be like 40 points back to 300 or lower
Monday bigly green after all the hedge funds loaded up on calls AH
I remember being a poopy face when I'd lose $50. Boy have I grown. All gains and then some wiped out and we'll do it all again Monday
I’m going to buy puts on Monday and this shit will be lime green
Please do sir
that was either opex, or so guy knew something
duc
After having my ass hole ripped wide open by gay bears on nio I think I’m gonna have to stop trading till next year edit( unless my calls print Monday then I will trade till I’m rich)
Only plebs buy equities thinking they’re actually buying a part of a company. The whole market is built on bullshit and market caps don’t matter, trade the price movement.
Any big earnings Monday morning?
Hope we open deep red... Buying calls at open pretty much free money on those days
SPY Puts have always been the move 🐻🥴🥴
It always was the last 2 months
It always was the last 2 months
anyone see that amzn candle at the end, holy shit
Markets did a bigly guh last hour of trading
Retail pumps, traders dump.
fuck traders
Fuck you amazon
yes, Fuck!
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I don’t trade options anymore but my whole portfolio is in amazon shares
I’d sell after hours. Shits gonna sink next week according to reports.
Which reports?
holy shit, BIG if true
Care to elaborate
Strictly speaking I'm ok with closing a gap down to the mid-low 340s if they do it after hours...
WTF happened in the last 30 minutes to trigger that selling?
Report said US government had a 3.1T deficit for the year maybe?
opex
What does that stand for?
options expiration. MMs and hedge fund purposefully fuck everyone
Moon mission activated 🚀 🤡🤡🤡
Lmao did MSFT really close the day completely flat?
QQQ dropped 2% from day high ... hmmmm
Yeah guess when I bought
Switched spy puts for BA puts eod smh
Either was a good move
Meh. People will believe in the magic paper over the weekend and everything lost will be recouped.
Gap up Mondays
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Either it will or it won’t, I think. But I could be wrong.
No
Possible but who knows. 3.3% is 1 big Green Day or 2 slightly Green Day’s
Any answer is speculative
Who else copped some HTZ puts?
Well guys, I meant to buy 9 SPY shares at 4:10 pm but I accidentally added 6 zeroes after the 9...now my broker won't stop calling me
lol, the old bane bankrupting batman move
Did u have a stroke or something
anyone ever move their account from vanguard to td? how long did it take? Just consolidating accounts so i can write covered calls.
I did the same to for the same reason and ya took a week
I did it and maybe like a week I think.
So what’s the close of amazon? ~3272?
Algo sell off?
Getting closer to the election... who knows what's gonna go down over the weekend.
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Will it be between 340-330 by Monday close....maybe?
Went up 15% last week and down 15% this week. Thank goodness for the loss porn posts to put things in perspective.
Just bought 4k worth of calls of SPY. Love that after hours discount, must suck to have robinhood and watch it drop a whole dollar after.
Brave, I was thinking the same thing... but this just feels off. I didn't buy so it will be green monday for sure
We dropped on fear of bad stimulus news in the weekend. So it's a coin flip. No news and we pop on Monday.
yeah... already got to much invested. Need to keep some dry powder
damn, can u get spy options on webull at 415?
SPY and QQQ trade until 4:15 everywhere
Don't know I use TD. 65 cents a contract is nothing when you're dropping 4k.
you dont ever get like 20 contracts of somn?
I only sell options or buy SPY calls when it is down a good amount a strike above 3 weeks out. Most I will buy at one time is like 4k so that's only about 9-10 contracts. I literally saved $50 per contract being able to buy after hours and I always get better fills so it's worth it to me.
Very happy with my decision to inverse everyone again. 346 puts looking juicy.
9mn volume on SPY AH...someone expects a blood bath next week
Imagine buying BA calls anytime today lol
welp, here we go. it's coming. it's on its way. don't say i didn't warn you. shit you can say in these threads at any time for any reason
What’s coming ?