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Started By
Message
Puts on GME ?
Posted on 1/23/21 at 1:37 pm
Posted on 1/23/21 at 1:37 pm
No way it stays at 62 for more than a week right?
13
Posted on 1/23/21 at 1:45 pm to poncho villa
Swung one already and sitting on 2 more.
Posted on 1/23/21 at 2:42 pm to poncho villa
I’d be careful. Everyone says last week was the short squeeze and it just simply wasn’t. It was almost a pure gamma squeeze with a mix of shirts trying to cover. I’m not going to pretend to know which way it goes from here but it will be explosive one way or the other.
Posted on 1/23/21 at 2:42 pm to poncho villa
Wallstreet bets is saying the squeeze is still on. I thought about buying puts when it was in hd 30s. Im scared to go against that wave.
Posted on 1/23/21 at 2:44 pm to BobRoss
It’s going to triple digits, don’t bet against the squeeze son
Posted on 1/23/21 at 2:54 pm to poncho villa
It makes sense. Which ones were you thinking of buying? The options are really juiced now.
Posted on 1/23/21 at 2:56 pm to poncho villa
You could buy a straddle or strangle/iron butterfly or iron condor - it won't be cheap though. I made decent money last week selling naked puts on this monster. The other side of the bullish play (buying calls) would have really paid off though.
All comes down to what you believe and why.
All comes down to what you believe and why.
Posted on 1/23/21 at 2:57 pm to poncho villa
Only thing that should be considered for this is a straddle. Likely going to break hard one way or the other.
Posted on 1/23/21 at 3:00 pm to BobRoss
quote:
Wallstreet bets is saying the squeeze is still on.
There is nothing these retards won’t do for a little Reddit fame.
Posted on 1/23/21 at 3:03 pm to Esquire
quote:
There is nothing these retards won’t do for a little Reddit fame.
You think this is for Reddit fame?
Posted on 1/23/21 at 3:05 pm to poncho villa
Any Wall Street historians ever recall a time where all expiring calls were in the money? If so, how did the underlying stock react the following days, weeks, months?
Posted on 1/23/21 at 3:37 pm to Upperdecker
quote:
You think this is for Reddit fame?
I’m saying believe them because those retards in WSB will put up their life-savings to become a meme.
Posted on 1/23/21 at 3:49 pm to Esquire
I'm starting to think I might actually have to jump in this retard clown car and take a ride with a significant amount of money based solely on the fact that making life changing returns is actually a legit possibility.
Posted on 1/23/21 at 4:02 pm to rocksteady
quote:
WSB
What is the subreddit for this group?
Posted on 1/23/21 at 4:32 pm to poncho villa
Mathematically it looks like it will squeeze further
Posted on 1/23/21 at 4:44 pm to tigersint
r/wallstreetbets
Posted on 1/23/21 at 5:18 pm to poncho villa
This is a horrible idea, but you do you. If you do buy puts, don't stay in them long.
Posted on 1/23/21 at 6:20 pm to Effthatnoise
quote:That wasn't even close to being the squeeze. You better get in if you wanna get them gains! This probably won't ever happen again.
Everyone says last week was the short squeeze and it just simply wasn’t.
Posted on 1/23/21 at 6:53 pm to poncho villa
If you want to bet on a short squeeze and return to the bottom, buy puts on the way up.
Posted on 1/23/21 at 8:09 pm to KamaCausey_LSU
I bought puts on Friday. I am pretty confident that Friday was the final squeeze.
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