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re: Puts on GME ?

Posted on 1/26/21 at 4:00 pm to
Posted by L S Usetheforce
Member since Jun 2004
23241 posts
Posted on 1/26/21 at 4:00 pm to
yup
Posted by BobRoss
Member since Jun 2014
1721 posts
Posted on 1/26/21 at 4:20 pm to
I still haven't bought puts, YET. This rocket ship has to come crashing down at some point, but when?
Posted by go ta hell ole miss
Member since Jan 2007
14564 posts
Posted on 1/26/21 at 5:48 pm to
quote:

if it gets to $150 I'm buying as many as I can afford without risking my entire savings


Good luck. You are going to need it now that Elon is having fun poking the bears on this one, too.
Posted by poncho villa
DALLAS
Member since Jul 2010
18787 posts
Posted on 1/26/21 at 5:49 pm to
Update : I bought shares and I’m up 5k
Posted by Palm Beach Tiger
Orlando, Florida
Member since Jan 2007
30066 posts
Posted on 1/26/21 at 5:53 pm to
Anyone buying puts on this is nuts. I am not touching it either way at this point.
Posted by go ta hell ole miss
Member since Jan 2007
14564 posts
Posted on 1/26/21 at 6:00 pm to
quote:

Update : I bought shares and I’m up 5k


Good for you. I think you would get wrecked if you had to buy puts now. Likely going to $400. It’s still over 100% short as new shorts are coming into this as soon as others are covering.

In a news update, Barrons just tweeted that GME appears to be in a short squeeze. They are really stepping out on a limb.
This post was edited on 1/27/21 at 6:50 am
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