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re: GME short squeeze

Posted on 1/19/21 at 6:19 am to
Posted by htcthc321
Member since Oct 2010
1663 posts
Posted on 1/19/21 at 6:19 am to
So looking at the Volkswagen chart, that squeeze seemed to occur over the span of a few months? I have some MARA calls that will be green at opening. Thinking about dumping them for GME calls. What date & strike do you think?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30636 posts
Posted on 1/19/21 at 6:37 am to
Large short squeezes occur over weeks or months yea unless there’s a specific event to force the squeeze to occur. I don’t think VW is a great comparison. VW was essentially forced into a squeeze overnight. My best comparison for this is Overstock, which went from $2 to $120 in 2020 on mostly short squeeze. It took a couple months and didn’t have a specific hard trigger. But it also had a lot less short interest, so lower squeeze top

For calls I’d look for something like $50c 1/29, since that gives it a bit of time but you’re not gonna shell out too much. But IV is crazy right now so idk how it will react to the open today
This post was edited on 1/19/21 at 6:44 am
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/19/21 at 6:55 am to
Hell I was thinking on calls at least past April, if not summer. I think their next earnings report is in March and should do even better than their previous one, which beat expectations.
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