I can’t Imagine throwing that kind of money at something that’s up like 4x in 2 weeks exclusively on the back of memes and redditt
Seems like just too much fuckery with GME. The more public noise the stock made the more people trying to make a quick buck are jumping in and the shorts will be able to use these cycles to cover this week I think. Cancelled the $800 moon limit sell for $115 for 40 of my 85 shares. Thats a 50% gain, and if it does go crazy still I still have 45 shares.
It was and it wasn’t. I thought about buying gme calls Friday, but instead spent the money on Tesla and apple. I hated myself when GME hit $159.
Just feels like the more random people jumping in who aren't reading the WSB propaganda, the less it will actually explode as people like Morbo above take their really nice 55% gains.
at this rate I’m going to lose as much on shares as I gained on my calls earlier. That plus my amc calls tanking are turning my day around real fast
I should’ve had one for sure, I just plain didn’t see this drop coming so soon. It sucks, but I think it can rally back.
I have no idea how GFVs work on webull. I feel like I get a warning on trades for them a few times a day but just randomly hit my 2nd actual violation this morning. I'm guessing they only care if you liquidate an unsettled position if it's negative.
Holding firm. BB the real villain today. Wish I could fast forward to Friday because there will be lots of scary shit in between
Sure man. Here's the moves I've made today. Sold near dated OTM covered calls for JMIA and BB for $13.4k in premium.
Yeah, it's tough to follow your trades "on a smaller scale" because of how many covered options you're playing. Short of, like, AMC, I'm not playing with the capital to carry enough shares to cover contracts.
I think Milkman might be more and more right about them just trying to shake people out of GME. Seems like they covered a lot to run it up and then they just shorted it again, article says short position went from 141 to 139%.