You're getting good at the right time. My SPY puts for that date and strike are averaged at 3. I first bought in at 4.24 and have been averaging down. This is the key to hedging with puts. Start nibbling at first sign of weakness and slowly ramp up.

I have about 10% of my portfolio in volatility and hedge instruments. Once I get through AAPL and XL, I will play few options except for selling premium. Cash will be healthy and I'll be scanning for massive C&H upside.

When, not if, we have our correction, I and many others here will be smiling on the way down and back up.

Beautiful part of CLOV and WWR (seems to be our two biggest plays across this board) is that I don't foresee a huge draw down on them like you would see in your Big Tech, Big Pharma, Big Fin and Big Industrials tickers.

If they do, even better. Scoop 'em up and rocket.

$GOGO up over 20% ah.

You know what gets lost in all this GME stuff? Nobody other than a 2016 bag holder notices what PBI did today.

Mostly Foggy Recollection said:

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You're getting good at the right time. My SPY puts for that date and strike are averaged at 3. I first bought in at 4.24 and have been averaging down. This is the key to hedging with puts. Start nibbling at first sign of weakness and slowly ramp up.

I have about 10% of my portfolio in volatility and hedge instruments. Once I get through AAPL and XL, I will play few options except for selling premium. Cash will be healthy and I'll be scanning for massive C&H upside.

When, not if, we have our correction, I and many others here will be smiling on the way down and back up.

Beautiful part of CLOV and WWR (seems to be our two biggest plays across this board) is that I don't foresee a huge draw down on them like you would see in your Big Tech, Big Pharma, Big Fin and Big Industrials tickers.

If they do, even better. Scoop 'em up and rocket.

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Thank you sir! So what do those premiums do if there's a correction? Look like ITM premiums now which are all over $10?

Have to concur with whoever called it earlier. Anything with a high short float is getting driven up.

leoj said:

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$GOGO up over 20% ah.

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File this one in the DD doesn't show anything justifying a rise in price, but they're in the high short / squeeze territory.

khkman22 said:

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You know what gets lost in all this GME stuff? Nobody other than a 2016 bag holder notices what PBI did today.

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Holy cow. That's a name from the past. What a day.

gig em 02 said:

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Those idiots aren't going to use margin to exercise are they

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Who knows what will happen. I'm sure a ton of Reddit followers may do something dumb like this. Most of those call holders won't have enough funds to take the shares. So maybe the ultra squeeze rocket won't materialize. Maybe it goes south when a ton of shares get bought on margin, then a domino liquidation in the first move down. It's impossible to predict.

In the reddit threads are a lot of posts just telling people to buy shares not options.

Can't find it - who posted earlier the screenshot of companies with highest short %

AG 2000' said:

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Have to concur with whoever called it earlier. Anything with a high short float is getting driven up.

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"The Big Short 2 - The Meme Squeeze"

bmks270 said:

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gig em 02 said:

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Those idiots aren't going to use margin to exercise are they

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Who knows what will happen. I'm sure a ton of Reddit followers may do something dumb like this. Most of those call holders won't have enough funds to take the shares. So maybe the ultra squeeze rocket won't materialize. Maybe it goes south when a ton of shares get bought on margin, then a domino liquidation in the first move down. It's impossible to predict.

In the reddit threads are a lot of posts just telling people to buy shares not options.

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I have to think part of the hedge fund strategy is to hold on until Friday.

Best etf/stocks to buy for hedging a market down turn??

What are we doing with AMC tomorrow? Are the kids gonna run it up more?

khkman22 said:

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You know what gets lost in all this GME stuff? Nobody other than a 2016 bag holder notices what PBI did today.

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Strong ties to the Biden administration via Blackrock.

AMC is up big AH

Not my book. Wish it was.

So is this deal really about to blow like GME?

AG 2000' said:

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bmks270 said:

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gig em 02 said:

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Those idiots aren't going to use margin to exercise are they

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Who knows what will happen. I'm sure a ton of Reddit followers may do something dumb like this. Most of those call holders won't have enough funds to take the shares. So maybe the ultra squeeze rocket won't materialize. Maybe it goes south when a ton of shares get bought on margin, then a domino liquidation in the first move down. It's impossible to predict.

In the reddit threads are a lot of posts just telling people to buy shares not options.

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I have to think part of the hedge fund strategy is to hold on until Friday.

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Considering the call strikes where down below $100 I think, maybe they can actually cover taking the shares if the stock is at $200, just have to sell half of their calls, don't know if they'll figure it out...... this is a wild move.

irish pete ag06 said:

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AG 2000' said:

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Have to concur with whoever called it earlier. Anything with a high short float is getting driven up.

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Go Fubo!

Is amc still a buy?

I have shares of UVXY. Good hedge instrument. In March of last year (COVID dump), it shot from 10 to 110.

VIXY is another decent one. SPXU is another for S&P. SQQQ for the 'Daq. DOG for the DOW30.

Please explain what is about to "pop"/run...I am behind and lost.

Thank you!

Jet Black said:

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Is amc still a buy?

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Million dollar question. Get rich or go broke!

Red or black?

I'm more wondering if AMC is a sell at open

Totally agree with you btw.