GME Trading Issues

[trendmomentum]

No problems buying the $100 puts when people bid that sucker to $150. They were pricy as hell!

LOL, that would be better than free money, unless of course stocks could also now go negative like oil.

Nah, the mm were taking the piss out of wsb yesterday but not so extreme. The closest to $100 were the puts 2021.07.16 150 strike which traded 1 contract at 96.65.

The 2023.01.20 100 strike traded at 77.9, which is also not bad. Priced to crash. Free cash for the mm when the vol dies down.

Let's check today.

 

[JSOP]

Is there any fundamental reason why GME stock is going up or is it just due to people pushing it up on reddit? If there is no fundamental reasons supporting the rise in price in this stock, its price is going to come crashing down in no time once the pushing stops. People shouldn't be buying it, either the underlying or the calls, especially not on margins.

 

[trendmomentum]

Tell that to the YOLOs on wsb. They are fighting the "system" now. Yesterday they also discovered Blackberry and BBBY for the fun of it. Fun times!

 

[FSU]

Is there any fundamental reason why GME stock is going up or is it just due to people pushing it up on reddit? If there is no fundamental reasons supporting the rise in price in this stock, its price is going to come crashing down in no time once the pushing stops. People shouldn't be buying it, either the underlying or the calls, especially not on margins.

Good article on Bloomberg explaining
How Reddit's WallStreetBets Pushed GameStop (GME) Shares to the Moon - Bloomberg

 

[Cuddles]

Is there any fundamental reason why GME stock is going up or is it just due to people pushing it up on reddit? If there is no fundamental reasons supporting the rise in price in this stock, its price is going to come crashing down in no time once the pushing stops. People shouldn't be buying it, either the underlying or the calls, especially not on margins.

 

[Bekim]

I can trade GME on ETrade but On TradeStation they restricted it, The only safe way to trade it is with a spread and they won't let you do that, so dumb.

 

[FSU]

I can trade GME on ETrade but On TradeStation they restricted it, The only safe way to trade it is with a spread and they won't let you do that, so dumb.

Yea, I don't understand these spread trading restrictions by some brokers. Seems like a lot less risk allowing someone to do a spread vs letting them leg into one.

 

[Overnight]

https://www.marketwatch.com/story/g...d-trading-halts-11611686411?mod=mw_latestnews

This is going to end...badly.

 

[Bekim]

I usually never do bearish plays, I’m buying otm put calendars and verticals every time this thing goes higher.

 

[JSOP]

Tell that to the YOLOs on wsb. They are fighting the "system" now. Yesterday they also discovered Blackberry and BBBY for the fun of it. Fun times!

Well until the FTT is here, why not have some fun? This is what capitalism is all about; it's the freedom to do whatever you want until Biden turns it into the fake lefty socialism.

F*** the social media/internet dictators!! F*** the fake left!!! Freedom and liberty forever!!!!