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re: GME short squeeze
Posted on 1/19/21 at 7:06 am to KickPuncher
Posted on 1/19/21 at 7:06 am to KickPuncher
Issue with long term calls is if it doesn’t squeeze in the next week or so, then it could be a while. And I don’t expect earnings to be good. The short supply of new consoles is hurting them
1
Posted on 1/19/21 at 7:22 am to Upperdecker
quote:Long term calls on GME, IMO are much safer than buying a week or two, no doubt. Granted you can still probably make some good money on the shorter options, but I would say they are much riskier.
Issue with long term calls is if it doesn’t squeeze in the next week or so, then it could be a while. And I don’t expect earnings to be good. The short supply of new consoles is hurting them
Having said that last week I was buying options that expired on 1/15 and still came out with profits on all of them. I usually don't do this but was riding the daily waves that happens for some stocks. Definitely risky no doubt.
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