Yet another GME thought

[kmiklas]

I agree with you 100% and I am not trolling. This was supposed to be an experiment, a test with small position. I just couldn’t do it. I thought I could re-enter at better price but I didn’t. I did the right thing trading wise, but I broke my own promise. Maybe the lesson is - don’t make promises you can’t keep?

Stop with this bullshit and trade something where you have some edge or insight. Whatever side you take on GME is nothing more than a 50/50 gamble... you have NO IDEA which way this will swing. It's like playing craps or blackjack.

That's why you have no confidence in your position. It's built on sand; there's no foundation at all. You're just flipping coins.

...and I am not trolling.

 

[zghorner]

Stop with this bullshit and trade something where you have some edge or insight. Whatever side you take on GME is nothing more than a 50/50 gamble... you have NO IDEA which way this will swing. It's like playing craps or blackjack.

That's why you have no confidence in your position. It's built on sand; there's no foundation at all. You're just flipping coins.

...and I am not trolling.

options strangle...expecting a big swing one way or the other puts the odds in your favor when dealing with such a volatile stock.

or you could just lose twice as much money lol idk wtf im talking about honestly.

 

[kmiklas]

options strangle...expecting a big swing one way or the other puts the odds in your favor when dealing with such a volatile stock.

or you could just lose twice as much money lol idk wtf im talking about honestly.

Straddle or strangle seems to make sense... except for the Premiums! Have you looked at the premiums on calls and puts for GME? HOLY SMOKES one option costs more than I pay in property taxes, and I don't blame the sellers. There's a laundry list of extraordinary risks of all colors with GME.

Most worrying here is Regulatory risk. The peeps with the white hats have this one under a microscope. God only knows how positions will be frozen, restricted, limited, made illegal... you could end up getting a nasty letter from FINRA/SEC/IRS about a GME position, followed by an even nastier court summons!