FWIW if you’re looking to scratch the gambling itch, I’d go with short dated OTM options on the security of your choice. To expand on this a little further; if you’re betting these options in a high volume options contract (like SPYs), the chances are there are professional investors on both sides and it’s a decent coinflip. Betting for or against penny stocks is the equivalent of the Vegas Vacation clip when Clark goes way off the strip and starts playing “Guess what number I’m thinking of?”
Somebody apparently dropped $20K on 07/17 $2.50 calls for MARK, which is currently at $0.80 even after a 50% gain today. That seems bold
i mean i thought it was going into the 600s today so shows what i know also tought mnarket would be red as fuck
I sold my mvis for a gain of $60 on Friday. Would have been up 500 today. Someone tag me the next time we're going all in on a pump and dump
$2.00 tomorrow morning in play. Everyone is going to freak out at the bell and want in. Still have 2 full days of trading to pump. 100,000 bid at $1.30 haha
What ever posted brought MVIS to us, please identify yourself so I can give you likes. Sad I sold earlier today, but good work.
I sold about 60% of my position when it was around $1. Kicking myself a little, but the options all went from .05 to .45 so hard to fault I guess.
I believe that was me, but some saint here alerted me to the fact that there were $1 options available on it, and I owe that person several beers.
Made a little sprinkle on MVIS this morning. If this thing runs into the 4-5 range I’ll cream my pants.
Smug I've held onto all my shares. I'll also be silent when I'm still holding onto all of them Friday morning at .20/share.
correct me if I’m wrong. That won’t protect you in after hours trading right? your trade would trigger at market open.
Correct. Extended hours trading is only Limit Orders. It’ll only trigger if it hits the # set so if it keeps rising you’ll keep the shares and continue profits
I sold when I doubled. I just wanted people to be aware of after hours, because it can all collapse in over night trading.
Was behind in my calls buying for MVIS so I didn't get them until they .25. Sold my 330 shares at double profit this AM, but also bought back in at .95.
I never had heavy money in but I did make 1k this am on very little investment between the call and the shares. I think I might hold like 200ish shares but I’ll have to double check.
Being able to trade shares but not trade options in AH and PM is torture on stuff like this. I could see it being $2 in PM tomorrow and dropping by 25-30% before 9:30 open
Got in MVIS at 38 cents and cashed out my initial investment at 80 cents this morning, letting the profits ride. This is fun and reminds me of trading shitcoins
Got in at .47 and took out principal at 1.02 and letting the profits do the rest. I’m setting a stop loss at 1.2 since it looks like it’s hovering around 1.3-1.4 in the extended hours