Am I the only one that feels like shorting GME right now?

yes

The IV is so high on the put options that it really isn't worth it.

CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you wanted to go that route I'd suggest buying puts or butterflies - something that limits downside to a finite value. These reddit guys are blowing up bear accounts with GME. I wouldn't want to risk bankruptcy on trying to make a quick buck.

CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

For those looking to get into SYN, what is y'all's buy in point? Thanks!

Went with the 1/22 AMC calls. Can't complain as it was like a 4x play, but kind of small potatoes. Do you think FOMO'ing into your guys' leaps would be a mistake?

CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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GME is straight running trash. That being said, I would wait for the backside (once it really starts the fail). Look at TLRY chart back in 2018. Trust me when its time to sell everyone will know it and it will go down....alot. No reason to find the top.

Max weekly expiration is $115. If the chart gets close to this again could have another gamma squeeze.RE: GME

McInnis 03 said:

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CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

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buy an iron condor? Doubtful this thing just sits there.

McInnis 03 said:

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CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

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Oh I know it would be a gamble play with money that I'm likely to never see again. Like you said, this just smells of Kodak and Hertz to me.

FML I wasn't able to trade much Thursday and Friday and missed buy in on expr, bb, and others.

Poppa needs something good to buy today

I was very, very early on in my knowledge of the stock market at the dot com bubble so take my experience with a grain of salt. I remember that it seemed like everyone in the Corps dorm was trading stocks. That was my first exposure to trading and to see a guy bragging about making $1000 off of a $100 (or less) trade blew me away. The pervasiveness of people trading who had no clue of what they were doing was incredible!

Mr President Elect said:

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McInnis 03 said:

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CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

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buy an iron condor? Doubtful this thing just sits there.

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Iron condors are strategies to use when you forsee a lack of movement, that's not what I'd do here.

Depending on value, I'd be looking at selling call spreads that are OTM. Buying put butterflies that are WAY OTM. Then maybe buying put spreads that are OTM. With the IV going as nutty as it is, I think the best way is to sell call spreads weay OTM, but that could backfire pretty quick, not sure how much more room this has to go.

SYN still a good buy at 1.01?

$PHUN looing good premarket... of course everything is

tam2002 said:

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SYN still a good buy at 1.01?

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this is what I have in notes from OA:

@oldarmy1 Getting there. That $1 area resistance gets broken and $SYN will reclaim that initial
explosion move above $1.60. I'd rather it trend into it versus spike or shorts will use it as leverage
like last time. At any rate I like it for a long trade. Didn't go MA on it but decent #'s

McInnis 03 said:

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Mr President Elect said:

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McInnis 03 said:

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CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

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buy an iron condor? Doubtful this thing just sits there.

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Iron condors are strategies to use when you forsee a lack of movement, that's not what I'd do here.

Depending on value, I'd be looking at selling call spreads that are OTM. Buying put butterflies that are WAY OTM. Then maybe buying put spreads that are OTM. With the IV going as nutty as it is, I think the best way is to sell call spreads weay OTM, but that could backfire pretty quick, not sure how much more room this has to go.

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I only hear iron condors referenced as far as selling them, but if I buy one, wouldn't that be capturing volatility (ie buy $120 call, sell $140 call, buy $40 put, sell $20 put (just using those numbers as an example and not the actual strikes)).

I would do it ATM

Mr President Elect said:

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McInnis 03 said:

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Mr President Elect said:

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McInnis 03 said:

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CPDAggie10 said:

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Am I the only one that feels like shorting GME right now?

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If you do this, the only way to make this worth it is with spreads or other strategies that use both sides of the options (long and short) because the IV is PREPOSTEROUS. Be ready to lose every dollar you put in. But, this thing could easily Kodak itself.

---

buy an iron condor? Doubtful this thing just sits there.

---

Iron condors are strategies to use when you forsee a lack of movement, that's not what I'd do here.

Depending on value, I'd be looking at selling call spreads that are OTM. Buying put butterflies that are WAY OTM. Then maybe buying put spreads that are OTM. With the IV going as nutty as it is, I think the best way is to sell call spreads weay OTM, but that could backfire pretty quick, not sure how much more room this has to go.

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I only hear iron condors referenced as far as selling them, but if I buy one, wouldn't that be capturing volatility (ie buy $120 call, sell $140 call, buy $40 put, sell $20 put (just using those numbers as an example and not the actual strikes)).

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Good cal, didn't even consider buying one. May be really pricey, but would likely pay.

Okie dokie, net free on EXPR calls.

$CLOV off to the races.

Merrill Down again

$30,000 Millionaire said:

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I have FOMO today from some of these moves. Not chasing. Congrats to you all.

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Same. Just didn't have the dry powder available when this went down.

EXPR!!! Massive gap up to $4 at the open.

schwab is super laggie this morning

fightintxag13 said:

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PLTR!!!!!!

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Guess selling my net free pltr calls at close was a bad idea

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