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Message
re: Puts on GME ?
Posted on 1/23/21 at 9:07 pm to JJJrich
Posted on 1/23/21 at 9:07 pm to JJJrich
quote:
I am pretty confident that Friday was the final squeeze.
Why are you confident? Last week was a gamma squeeze due to every option expiring ITM. The real short squeeze is still very much on the table not to mention another possible gamma squeeze this week. You very well could be right that this thing violently drops but it’s equally (and actually more probable) that it takes off like a rocket again once the shorts start bidding for real shares to cover. I think the only play is to buy a straddle but they will have astronomical premiums.
0
Posted on 1/23/21 at 9:15 pm to JJJrich
quote:
I bought puts on Friday. I am pretty confident that Friday was the final squeeze.
Rest in Peace
Posted on 1/23/21 at 9:50 pm to JohnnyKilroy
So confused why ppl are buying puts on this. Solid chance they get crushed. Lots of other better opportunities
Posted on 1/23/21 at 10:18 pm to thatguy777
Dude bought puts because he a thought a squeeze that hasn't happened yet is already over. Ouch.
Posted on 1/23/21 at 10:42 pm to JohnnyKilroy
This thing will likely see triple digits before it sees 20s. It’s payback for a lot of people that Citron has hurt for the last nine months and there is a lot of real vengeance. People that got smoked in some of the burn articles by Citron are getting payback. It is going to get worse.
The Gamma Squeeze on Friday actually means that there are about 12.5 million fewer shares on Monday and Tuesday for shorts because those shares are now tied up in clearing houses u til Tuesday. Monday and Tuesday will likely be the short squeeze.
The Gamma Squeeze on Friday actually means that there are about 12.5 million fewer shares on Monday and Tuesday for shorts because those shares are now tied up in clearing houses u til Tuesday. Monday and Tuesday will likely be the short squeeze.
This post was edited on 1/23/21 at 10:49 pm
Posted on 1/23/21 at 10:55 pm to go ta hell ole miss
I could very well be wrong, but I would just caution anyone into FOMOing in Monday morning. When this corrects it is going to do so violently.
Posted on 1/23/21 at 11:05 pm to JohnnyKilroy
quote:
Dude bought puts because he a thought a squeeze that hasn't happened yet is already over. Ouch.
Good luck. Hope you make some money then.
Posted on 1/23/21 at 11:48 pm to JJJrich
quote:
When this corrects it is going to do so violently.
No one disputes that. It will pop, then drop like a rock. But there's a LOT of evidence this has plenty of room to go. By all indications, shorts are in an even worse position heading into this week vs where they were last week.
As the poster said above, Friday's gamma squeeze may even set off the real short squeeze with millions and millions of shares locked away from being purchased for the next couple of trading days.
Posted on 1/24/21 at 12:01 am to JohnnyKilroy
quote:
millions and millions of shares locked away from being purchased for the next couple of trading days.
I guess I don't fully understand then, so if shorts are unable to get their hands on shares to cover, how will retail investors buy?
Posted on 1/24/21 at 12:12 am to TigeRoots
That’s not how it works.
Posted on 1/24/21 at 1:02 am to JJJrich
Which puts did you buy and how much did you pay for them?
Posted on 1/24/21 at 1:05 am to tigerfan4444
Buy shares Monday. GME going to $100 +
Posted on 1/24/21 at 2:37 am to tigerfan4444
July 20 and 30. 4 and 8ish respectively.
Posted on 1/24/21 at 11:08 am to JJJrich
quote:
I bought puts on Friday. I am pretty confident that Friday was the final squeeze.
Bookmarked
Posted on 1/24/21 at 11:34 am to Triple Bogey
Posted on 1/24/21 at 12:29 pm to SomethingLikeA
quote:
Buy shares Monday. GME going to $100 +
let's be real here, 1,000 is more likely once the hedgers hedge
Posted on 1/24/21 at 1:12 pm to poncho villa
i wouldn't short a stock that doesn't make any sense, and it looks like the autists on wallstreetbets aren't backing down soon from their pump and dump
honestly wallstreetbets needs to be shut down by the SEC for market manipulation
honestly wallstreetbets needs to be shut down by the SEC for market manipulation
Posted on 1/24/21 at 1:16 pm to DVinBR
quote:
honestly wallstreetbets needs to be shut down by the SEC for market manipulation
Really? It’s fine for the rest of the cocksuckers but as soon as retail traders do it it’s not cool?
Posted on 1/24/21 at 1:37 pm to Effthatnoise
give me an example where someone bought a large amount of securities without publicly saying they did, pumped it on their platform, and didn't get prosecuted
This post was edited on 1/24/21 at 1:38 pm
Posted on 1/24/21 at 1:43 pm to DVinBR
quote:
give me an example where someone bought a large amount of securities without publicly saying they did, pumped it on their platform, and didn't get prosecuted
The people on Wall Street Bets don’t own the platform. Retail investors have every right to coordinate and act collectively.
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