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Lol situation.
I bought some call options for March and some puts.
short squeeze to infinity.
I bought some call options for March and some puts.
short squeeze to infinity.
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like i have zero doubt youll have opportunity to close out both legs green within the next 5 weeks. -
On a day where it is up 70%, I closed out the $22 puts for > what I bought them. Someone likely hit "market" instead of doing a limit order.
I debated holding them for the inevitable drop but preferred taking down a small gain on them.Comment
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got chicken sold . Doubled money on calls, made small change on puts. All in all a good day.Comment
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no one ever went busto from taking profits.
fun GME facts; michael burry of big short fame had a massive long position in them that he opened like a year or so before microsoft partnered with them. much of fintwit myself included had a good laugh about it before that announcement dropped.
its unclear if he held his positions through the recent dip but i kinda hope so because fuck that guy.Comment
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record set: over 700k GME options traded todayComment
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Any guesses what caused the events before the short squeeze? Being e-commerce adjacent when that sector is overpriced? Having the rough infrastructure for transition to e-commerce. Physical stores that might have some value when people get to play outside again, assuming those are transformed to something less Blockbusteresque. Just too much investment capital floating around?Comment
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Oh i don't really care about the last leg. I know what happened there. I'm mostly interested why Cohen thought GME was worth anything months ago and why the market followed him in the first place.Comment
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i think the microsoft partnership is what got it back on the radar for a lot of people. personally i absolutely 100% dont get it but the october stock prices spoke for themselves i guess.Comment
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Wow I really chickened out selling for just a double. Pre-market it's up to $100 lolz.Comment
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they are literally going to have to rewrite black scholes to account for /r/wsbComment
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Efficient market lulz.
im one of the cool kids now
sports betting feels like responsible behavior comparativelyComment
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https://markets.businessinsider.com/...1-1-1030000080
Anyone been keeping up with this? Basically reddit revolted and trolled/memed investors shorting gamestop into oblivion?
Someone explain this to me please. Is this actually as hilarious at it seems to me as an outsider looking in?
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