quote:
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

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.

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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Posted by Upperdecker

St. George, LA

Member since Nov 2014

30636 posts

Posted on 1/19/21 at 7:42 am to KickPuncher

My concern on long term calls is we have a strong catalyst right at this moment, but with Cohen’s lock up agreement with the company we have very few long term ones until fall 2021. So you’re paying for theta but I’m not sure it’s necessary, but you’re also paying for IV for this week which will crush if we dont see a significant move

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Posted by Upperdecker

St. George, LA

Member since Nov 2014

30636 posts

Posted on 1/19/21 at 7:44 am to KickPuncher

quote:
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.

Yea I did that twice last week on GME. One time
I made 1000% my investment, the second time I went -80%. Second time was a lot less money, but point remains weeklies will swing wildly and violently

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