lmao for sure man. I have been slowly adding puts as the price goes up hoping to benefit from the eminent crash and have a real hard time holding calls overnight. cashed out over $30k so far on calls probably will do the exact same thing tomorrow. Love everything about what is happening right now.
It is going to end badly. You ever been to a Gamestop location? They are as useful now as an asshole on an elbow, to borrow a quote from Kill Bill. It seems to me, with as little as I know about options, that the best thing to do now is to buy a long-dated put at the current price. What it is now...$200 per share? Can you buy a put cheaply at 200 strike, expiring in the summer? K, edit...Make that 235 strike, lol! WTF is up with the thing?
Mmm, yeah, I can't see options tables. Are put strikes at 200, expiring next year cheep? I dunno how far out you can go.
When are they gonna announce their electric vehicle? Are they on the blockchain yet? Have they issued a coin? Are they getting TARP funds? Have they declared to be a bank holding company?
I see a GME offering (private placement) coming, at 50, bailing out all the short hedge funds and filling the GME money vault. Maybe the Fed or SEC is negotiating that deal for the stability of markets... Lawsuits may follow...
kicking myself for closing calls today. I traded this horribly...adding puts for "the coming crash" reminds me of my fuckup last spring. difference between making tens of thousands and hundreds of thousands right here...still a novice.