shorting meme stocks?
- Thread starter IronFist
- Start date
I wonder whatever happened to that poster here who was clinging onto his GME short, in which he was averaged at ~40 per share.
People, don't short ANYTHING in a bull market. Why is this such a hard concept? If you do not believe in a company, do not short it. Just stay away from it.
Buy AMZN dudes. It's not going to hurt.
People, don't short ANYTHING in a bull market. Why is this such a hard concept? If you do not believe in a company, do not short it. Just stay away from it.
Buy AMZN dudes. It's not going to hurt.
@Saltynuts has entered the chat...
buy puts after they spike and much of the time you still lose money via IV crush.
I think it was mr muppet who said: "buy cheap options, sell expensive ones" as one of the fundamental basics to options trading.
So selling when IV is astronomical may serve you better than outright puts. never naked though.
buy puts after they spike and much of the time you still lose money via IV crush.
I think it was mr muppet who said: "buy cheap options, sell expensive ones" as one of the fundamental basics to options trading.
So selling when IV is astronomical may serve you better than outright puts. never naked though.
Problem with puts is they're so expensive it has to go quite a distance below the strike to print.
8/24/21 12:36 SPRT2117U12 SPRT 12 put exp 09/17/21 Long 20 AVG 3.24 Last 3.50.
I am up only a measly 10% when it dropped close to 3 points from my entry. Longer expiry does grind slower. Those were the only ones available.
8/24/21 12:36 SPRT2117U12 SPRT 12 put exp 09/17/21 Long 20 AVG 3.24 Last 3.50.
I am up only a measly 10% when it dropped close to 3 points from my entry. Longer expiry does grind slower. Those were the only ones available.
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Uhhh you do know that AMZN dropped just about 16% from its recent ATH before bottoming?
That's not Chick-fil-A feed.
Uhhh you do know that AMZN dropped just about 16% from its recent ATH before bottoming?
That's not Chick-fil-A feed.
Yeah. That's why it is a good buy. I think I mentioned this in another thread. A great dip to buy AMZN is the run-up to the holiday Season. Because when late Jan/Feb rolls around, the whisper numbers will be huge. AGAIN.
AMZN is forever. I can tell by the commercials. Even Bezos doesn't realize how much he can capitalize on what he doesn't remember. The potential is still there.
I'm not sure if you're an investor or trader, or what your risk/reward tolerance is. But if you want to trade options...you should day trade ATM, current strike price, bet on what you perceive the major chart movement of the day will be, buy and sell...hit those points, or around those points.
That way, you don't have to worry about the time value of those options contracts and all those dang greeks and technicalities priced in and factored in.
With day trading options, you just have to nail it around the right buy point and sell point, and profit quite nicely. Rinse and repeat everyday to arrive to your magical land.
Of course Put options are rather pricey in this hyped up, overinflated, crazy world of trading/investing. That would be like trying to insure a home in a high risk, natural disaster, area. Or insuring a teenage male driver for a sports car. It would be much cheaper to insure those things, trade those things, on a daily/intraday basis.
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MEME stock like GME has already been dumped 2 months ago.
So we have to wait for the next pumping.
GME got pumped hard today. If you didn't notice.
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