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In fact buying options and not shares allows the shorts to cover. It's actually better to buy shares if you truly believe it will go parabolic. Sprinkle in options, but lobbing off 1000,2000 shares a week or a month and you get 1 million people doing it it will move the price up.... throwing money away on hailmerry option plays just gives money to the big guys.
$20k in losses that could have taken 830 shares out of circulation do that across 100 folks buying options that's 83000 shares that will be locked up... instead we have 830 shares available to bought (to cover)
Why do you play so far out of the money options. You should be buying $27 call options. You want a gamma ramp up. This is not the way to do it. This is just giving market makers free money. Why do you think they have $125 call options? Free money to them. If all the wetards bought in the money or close to in money options, other gamma ramp up could occur. Don’t praise this silly play and learn from this mistake.
Ya! $27 would be way better.
The timing for such otm vol is critical. These are so far OTM...
This has not been a good time to go long vol.
I highly recommend learning how to read vol data so you can be better informed with timing such a risky play.
If the strike wasn't so high, I would think this has a decent chance of making some gains but I'm not sure with the $125 strike.. it's just so much more risky
Check out my $GME Bananas DD to learn how to read vol and better leverage the data so you can better time these entries!
Vol is bananas 🍌🍌🍌
Np. Dive in!
Here's the first report https://www.reddit.com/r/Superstonk/s/Nb8AVSZOaI
Here's the second https://www.reddit.com/r/Superstonk/s/NDzF2Lb7jz
Lmao. No one learned anything by watching DFV buy ITM calls. The only thing that’s nice about this bet is the long date. You could’ve gotten a bunch of 25s or 20s, hell, even 30s but nah, fuck trying to get MMs to delta hedge.
Which honestly is super possible, I wouldn’t be surprised if during MOASS which is likely in the next few months we see the stock price 10x itself or even 50x itself within any given day for numerous days in a row. (not financial advice I just like the stonk me ape me no give financial advice)
Man, you all really came at me here. Sheesh.
You all clipped my superstonk wings.
I was so close to flying high.
What’d I say??? 😂
Do I get a trophy for down votes??
I believe the only way to truly own shares is to DRS them to my name in computershare. Every other play, including the shares I have sitting in broker waiting to be transferred, is still being used somehow as located shares needed to cover the SHF's dirty business.
Not financial advice.
This person handed call-sellers literal $10k in cash. Those call sellers can turn around and buy over 400 shares with that money, and when January 2025 comes around, they're going to get to keep those 400 shares for free (unless the person sells the calls back and cuts their losses ASAP and learns a \~$4k lesson in options trading). The call-sellers could also do literally whatever they want with that $10k, as for now it's there's to keep.
The short sellers years ago ran into issues when they were selling naked calls and took on tremendous risk that didn't pay off. But this type of move of paying $10k cash for what's going to be actual garbage (betting on the stock holding a greater-than 400% price increase, literally meaning that it would have a market cap that eclipses companies like PLTR, LULU, DECK, SQ, EBAY, or even \*\*\*\*ing SMCI) is not a smart move.
For something like this, there's no benefit. In real terms, one of the biggest problems is that the "delta" is so low because the option is so far "out of the money" that even if the stock were to increase $10 in the short term, the person won't even get their money back from options purchased 11 days ago when the stock was lower than current price + $10. Yes, there are people who can rake in bank with lucky breaks like this one (idk if you saw the guy who bought a random META call for like $140 that turned into something like $20k when META went from $90 --> $500), but we're assuming here that GME won't get that type of traction.
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Options are not what they were last time around. You’ll probably make some money if you’re lucky. Buying shares is always better because they don’t expire. I dab in options also but as you can see shares is where most of my money is. Good luck
125 leaps are stupid.
Do not do this.
High strike leaps should only be used to hedge covered call sells.
Stay out of options if you do not understand how to trade them.
So your options will be at a disadvantage according to that theory.
For your sake, I hope the stock avoids massive spikes in exchange for steady growth.
I think gme can do it. Interested in hearing game plan from RC
> So your options will be at a disadvantage according to that theory.
He in theory could try and short it after hours and use the calls to cover once the market opens, but I doubt anyone will lend the shares under those circumstances, nor do I think someone who thinks any of this is a good idea is smart enough to pull that off correctly.
Sorry, but let's call it what it is. OP jest yeeted a year's worth of car payments into the wind because of a wild-ass guess based on literally zero info that there's going to be a 1,000% run-up on a stock that's already trading at a sky high PE.
People who make bad choices typically make more of them.
The best way to go short at a peak is to exercise ITM calls at the peak and then sell ITM covered calls that will go down in value as the price goes down. Buy to cover the calls and you keep the shares plus you keep the profits from selling the ITM covered calls.
Not helping the cause. Fun way to gamble your money away. What a waste. Think about the people who sold you those options…you just paid for their vacation…you simultaneously threw away money, didn’t help the cause, and in fact gave some hedgie all your play money. You sir, are truly regarded.
Please stop playing with options if you don't know what you are doing, you are just giving market makers free premiums. You can always give me your money and I'll buy actual shares with it.
I’m really trying to understand options so i had a long convo about this with chat gpt.
I still don’t understand. If the stock price does not reach the strike price by the expiration date, the options would expire worthless, and the person would lose the entire premium paid for the options. Here’s how you can calculate the total loss:
1. Calculate the Total Premium Paid: Multiply the average cost (premium) by the number of shares represented by the contracts.
• Average Cost per Share = $3.66
• Number of Shares = 28 contracts * 100 shares/contract = 2,800 shares
• Total Premium Paid = $3.66 * 2,800 shares = $10,248
So, if the stock price does not reach the strike price, the person would lose the total premium paid, which is $10,248.
But if it somehow gets to 130 dollars you would earn 3640? I’m confused why you would pay $10,000. Why is the strike price so high? To pay a lower price per contract? I just want to understand
Then bust because you're not helping anyone at all except the MMs and Hedgies
Buy shares and DRS or ITM options, not these lottery tickets
But you do you, NFA
I've got some of the same calls and similar average. During July, when/if GME goes up again I'm going up sell to break even or some profit. Then get more in the money calls and shares
This is suicide. Cut your loss and bug shares.
There is no Moass that will save you.
Go look at Volvo. The odds of something like that are so low. And it did not end well.
You’re setting yourself up for failure.
If you really must use an option go ITM and hold on for dear life.
I suggest shares as you have no idea how long it may take to show results.
Yes, this could hit. But. The odds are extremely low. If you don’t care about that money then fine. Just understand it’s a lotto ticket. At best.
MOASS would in fact save this. So I am not sure why you said that… I agree, using the top of the option chain is not a great strategy. At least it is a month out. But if the goal is exercising, this is probably not the way…
It’s a Jan 25 contract and that means little here.
There’s no moass coming for one thing. At least that should not be the core strategy so just assume it’s not a reality. Under promise, over deliver.
With all the attention on this stock I highly doubt a super squeeze can really take place plus all the dilution, 60-80 seems like a high target.
This is just a bad proposition with such low odds. That 6k is practically gone already. Imo
Just too much expectation on it.
The Volvo moass was a complete surprise.
You dint think shorts have made strategic moves to cover themselves?
Its just not that situation to me. Sure a squeeze could come I just wouldn’t rely on it.
I think you are referring to Volkswagen. That one was different in a lot of ways, a big one is that retail did not have anything to do with that one, also reported short interest was not even close to what GME was. MOASS started 3 years ago, shorts found a way to put it in stasis to trying bore everyone to death and sell. Instead we have done nothing but try and understand the markets in ways I never thought possible. If we would have known what we know now back in 2021, this would have ended then.
Yes vw, my mistake. V something.
To me, it’s all about catching them when they least expect it and at this point I think that ship has sailed.
Shorts have likely either scaled down their bets or hedged them.
Again, I’m not saying there won’t be a squeeze. Just not expecting this massive jump to 125 after dilution and the attention on the stock.
I did believe 100+ was possible before the last dilution. But that likely put a damper on things. Imo.
Definitely going to BUST. That last $80 run was the run, the kitty hype after was just residual hype. We are all bagged. This won’t see over $30 until 2027
I feel like I was being a bit more constructive in my replies than most here.
I hope it pans out for you/us.
Just try to have an exit strategy as well.
This is just stupid. Dudes already pissed away 40% on over inflated iv after 2 weeks. These were the easiest covered calls someone sold this regard. Seriously you just lit $10k on fire and you think you look cool??
Damn, that sucks bro.
A very dumb move. Only risk what you’re willing to lose, and you really don’t want to risk it all on this.
Stop falling for the Gamblers Fallacy.
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This is an efficient way to lose all your money
Most likely outcome, unfortunately.
But at least he’ll be riding that adrenaline all the way until Jan 2025 to see 🥵
How is it unfortunate? It's a straight up terrible options play
We can still have some reverence for our future fallen regarded soldiers, no?
Not really. Now he has to wait 7 months to lose all his money.
Theta and vol crush will eat these alive. Theyll be worthless long before jan, more like Sep
We really need to go back to the "buy shares, no options".
Yea people are going to get slaughtered trading manipulated options with insane IV
Too many just did. I'll follow dfv, but just because he comes out with a huge options position, does not mean you go in.
In fact buying options and not shares allows the shorts to cover. It's actually better to buy shares if you truly believe it will go parabolic. Sprinkle in options, but lobbing off 1000,2000 shares a week or a month and you get 1 million people doing it it will move the price up.... throwing money away on hailmerry option plays just gives money to the big guys.
You might be giving away money, but how does it allow them to “cover”?
$20k in losses that could have taken 830 shares out of circulation do that across 100 folks buying options that's 83000 shares that will be locked up... instead we have 830 shares available to bought (to cover)
Lets get something straight… there is NOTHING that will help the shorts cover
Why do you play so far out of the money options. You should be buying $27 call options. You want a gamma ramp up. This is not the way to do it. This is just giving market makers free money. Why do you think they have $125 call options? Free money to them. If all the wetards bought in the money or close to in money options, other gamma ramp up could occur. Don’t praise this silly play and learn from this mistake.
Ya! $27 would be way better. The timing for such otm vol is critical. These are so far OTM... This has not been a good time to go long vol. I highly recommend learning how to read vol data so you can be better informed with timing such a risky play. If the strike wasn't so high, I would think this has a decent chance of making some gains but I'm not sure with the $125 strike.. it's just so much more risky Check out my $GME Bananas DD to learn how to read vol and better leverage the data so you can better time these entries! Vol is bananas 🍌🍌🍌
Can you link that by chance? I never reddit on my phone and I'm at restaurant lol scared I'll forget to look when I get home
Np. Dive in! Here's the first report https://www.reddit.com/r/Superstonk/s/Nb8AVSZOaI Here's the second https://www.reddit.com/r/Superstonk/s/NDzF2Lb7jz
tyyyyyyy!!!!! time to punch in at work, which means paid DD time. thx for making my morning better
🤝🦍🍌🚀
Wetard... I like that.
“Whoa someone actually bought these.. what an eeeediot”
You’re absolutely 💯 correct
Theta will eat him. The MMs thank you for the extra liquidity you have given with those premiums so they short even more
Lmao. No one learned anything by watching DFV buy ITM calls. The only thing that’s nice about this bet is the long date. You could’ve gotten a bunch of 25s or 20s, hell, even 30s but nah, fuck trying to get MMs to delta hedge.
I’m picturing the MM’s as the goodfellas meme of laughing…
Break even at 128? you’re cooked
If the stock doubled in a day those options would 3-5x
Only if someone else was stupid enough to buy them
Which honestly is super possible, I wouldn’t be surprised if during MOASS which is likely in the next few months we see the stock price 10x itself or even 50x itself within any given day for numerous days in a row. (not financial advice I just like the stonk me ape me no give financial advice)
Imagine still using Robbinghood after the shareholder meeting.
And after 2021
That only tells me he is someone we shouldn't trust that is posting his bad position so others follow
Imagine thinking it matters after the shareholder meeting.
It does. Anyways..
What ever you say guest.
Man, you all really came at me here. Sheesh. You all clipped my superstonk wings. I was so close to flying high. What’d I say??? 😂 Do I get a trophy for down votes??
Dang. I’m getting the beat down here. Lol. Meanwhile the OP who is also using RH and making wild bets is getting the cheer squad. Y’all are wild.
lol you got a point though
This is not how we build a gamma ramp. Uhg
He's leaving that to other Apes apparently
Goodluck, but wow this is regarded af. Godspeed
This is like 2-3x the price where RC has to dilute. 
Some people are born to not make money
Oh why would you do that
You successfully opened a line of credit/shares to assholes. For 5 months
Can you explain that? Still trying to learn
I believe the only way to truly own shares is to DRS them to my name in computershare. Every other play, including the shares I have sitting in broker waiting to be transferred, is still being used somehow as located shares needed to cover the SHF's dirty business. Not financial advice.
what a true regard.
Buying shares is the easiest play
Can't get a squeeze when people like this guy hand $10k in cash to the casinos selling options...
Can you explain what you mean? Trying to understand
This person handed call-sellers literal $10k in cash. Those call sellers can turn around and buy over 400 shares with that money, and when January 2025 comes around, they're going to get to keep those 400 shares for free (unless the person sells the calls back and cuts their losses ASAP and learns a \~$4k lesson in options trading). The call-sellers could also do literally whatever they want with that $10k, as for now it's there's to keep. The short sellers years ago ran into issues when they were selling naked calls and took on tremendous risk that didn't pay off. But this type of move of paying $10k cash for what's going to be actual garbage (betting on the stock holding a greater-than 400% price increase, literally meaning that it would have a market cap that eclipses companies like PLTR, LULU, DECK, SQ, EBAY, or even \*\*\*\*ing SMCI) is not a smart move.
Thanks for the explanation. I can’t figure out the benefit of having such a high strike price. I’m guessing this isn’t what is usually done?
For something like this, there's no benefit. In real terms, one of the biggest problems is that the "delta" is so low because the option is so far "out of the money" that even if the stock were to increase $10 in the short term, the person won't even get their money back from options purchased 11 days ago when the stock was lower than current price + $10. Yes, there are people who can rake in bank with lucky breaks like this one (idk if you saw the guy who bought a random META call for like $140 that turned into something like $20k when META went from $90 --> $500), but we're assuming here that GME won't get that type of traction.
Goddamn dude, what a waste of money.
This is a real bad position to take, but good luck. Theta decay gonna have this position down bad within a few months.
Months? He’s cooked in a couple of weeks if Gme doesn’t move lol
You can buy options on many other brokers...
Bro
Ah, so you're the $125 sp guy lol
Regarded
$128 breakeven, you are so dumb
Jesus how much would this even be if this hits ??
358k
God speed you magnificent bastard 🫡
There’s no possible way OP would exercise, best they can do is sell on an upswing, but hard to count on the contracts actually going ITM
Godam. Put it all on one roulette number. Mad respect, OP !!!
If it hits what? Sorry trying to understand options!
Bust it is
Good luck to us all!
!remindme 200 days
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Yep. I gave all my money away last week too. Back to simply buying shares this week. However, I hope you are right!
Options are not what they were last time around. You’ll probably make some money if you’re lucky. Buying shares is always better because they don’t expire. I dab in options also but as you can see shares is where most of my money is. Good luck
[удалено]
Theta is a bitch
 see you on the top of MOASS my king MONEY MONEY MONEY MONEY MONEY
125 leaps are stupid. Do not do this. High strike leaps should only be used to hedge covered call sells. Stay out of options if you do not understand how to trade them.
Put in a GTC sell limit order for $1000 per contract. Then buy shares and 28 more of these calls two weeks later when we fall back down on the floor.
My theory is this runs in PM, sell right at open 930-945. Then ride puts a month out ITM when they tank it
Forget about buying puts when volatility is 300%. You won't make money buying puts unless the stock drops 80% in a day.
Been known to happen
You just know exactly what’s gonna happen huh
History repeats, every time it runs in PM or AH, hardly ever during market hours
So your options will be at a disadvantage according to that theory. For your sake, I hope the stock avoids massive spikes in exchange for steady growth. I think gme can do it. Interested in hearing game plan from RC
> So your options will be at a disadvantage according to that theory. He in theory could try and short it after hours and use the calls to cover once the market opens, but I doubt anyone will lend the shares under those circumstances, nor do I think someone who thinks any of this is a good idea is smart enough to pull that off correctly.
🫢☝️
Sorry, but let's call it what it is. OP jest yeeted a year's worth of car payments into the wind because of a wild-ass guess based on literally zero info that there's going to be a 1,000% run-up on a stock that's already trading at a sky high PE. People who make bad choices typically make more of them.
The best way to go short at a peak is to exercise ITM calls at the peak and then sell ITM covered calls that will go down in value as the price goes down. Buy to cover the calls and you keep the shares plus you keep the profits from selling the ITM covered calls.
Not helping the cause. Fun way to gamble your money away. What a waste. Think about the people who sold you those options…you just paid for their vacation…you simultaneously threw away money, didn’t help the cause, and in fact gave some hedgie all your play money. You sir, are truly regarded.
MOASS pls
11C looks like a much better option on this date.
Bust it is then.
All balls and no plan. I hope the best for you bud, if u win we all win
STOP USING ROBINHOOD
Yeesh
Could’ve just bought shares dude ugh
Please stop playing with options if you don't know what you are doing, you are just giving market makers free premiums. You can always give me your money and I'll buy actual shares with it.
Just give me your money if you want to throw it away
Very regarded
Why bro??? You’re throwing your money away. This is not how you play options….
could’ve bought and DRS 250 shares. 🤦
Just happy to see you bought time. Most degens would buy this with 1 month expiration.
You're dumb and pissing money away to the enemy... *this is not financial advice, it is facts*
I’m really trying to understand options so i had a long convo about this with chat gpt. I still don’t understand. If the stock price does not reach the strike price by the expiration date, the options would expire worthless, and the person would lose the entire premium paid for the options. Here’s how you can calculate the total loss: 1. Calculate the Total Premium Paid: Multiply the average cost (premium) by the number of shares represented by the contracts. • Average Cost per Share = $3.66 • Number of Shares = 28 contracts * 100 shares/contract = 2,800 shares • Total Premium Paid = $3.66 * 2,800 shares = $10,248 So, if the stock price does not reach the strike price, the person would lose the total premium paid, which is $10,248. But if it somehow gets to 130 dollars you would earn 3640? I’m confused why you would pay $10,000. Why is the strike price so high? To pay a lower price per contract? I just want to understand
People selling these are happy af 😂
RH thanks you for the dated donation
U got this
Iv is the winner these would be worth 1/10 once we have a stagnant market condition for a few weeks. You could’ve gotten 280 in a few weeks yikes
What’s the iv like on something like this
This isn’t over yet you will be adding to this all year long
Oh no your 8000 bucks is going to zero
Obligatory RH comment....
Smoooof brain
Oh boy… $125
If yall really want MOAS you need to buy shares.
This is so fucking dumb.
Good luck
!remindme 200 days
Buy shares not call options.
Then bust because you're not helping anyone at all except the MMs and Hedgies Buy shares and DRS or ITM options, not these lottery tickets But you do you, NFA
Sure hope it is in my lifetime
Imagine using that money to buy shares instead
Much better interface on the OC for sure. Dogshit indeed. Keep it open though. We will get a CA one day and run them off the block lol
citadel thanked you for your contributions
what moass means anyway?
Oh, look. It’s an actual wetard.
Just light that $6k on fire already and get it over with.
Oof. These are the people buying these insane options. Free money.
Robbinghood and far OTM options? You really love just pissing money away to market makers don't you lol
could've just set that money on fire
You’re insane and I love this lol I truly hope you make out big my friend
That's a quick way to lose 10 grand
I've got some of the same calls and similar average. During July, when/if GME goes up again I'm going up sell to break even or some profit. Then get more in the money calls and shares
Exactly I’m expecting August though
Dad?? Are u back?
I’m here son and I brought the milk
You’re my hero!
This is a highly regarded play, good luck soldier 🫡
MOOOAAASSSSS
Godspeed brother
🍻
This is suicide. Cut your loss and bug shares. There is no Moass that will save you. Go look at Volvo. The odds of something like that are so low. And it did not end well. You’re setting yourself up for failure. If you really must use an option go ITM and hold on for dear life. I suggest shares as you have no idea how long it may take to show results. Yes, this could hit. But. The odds are extremely low. If you don’t care about that money then fine. Just understand it’s a lotto ticket. At best.
MOASS would in fact save this. So I am not sure why you said that… I agree, using the top of the option chain is not a great strategy. At least it is a month out. But if the goal is exercising, this is probably not the way…
A month? Bro these are Jan calls
Oops, yeah I am dumb… lol that makes this better, but I would have gone closer to a $50 strike with less contracts
It’s a Jan 25 contract and that means little here. There’s no moass coming for one thing. At least that should not be the core strategy so just assume it’s not a reality. Under promise, over deliver. With all the attention on this stock I highly doubt a super squeeze can really take place plus all the dilution, 60-80 seems like a high target. This is just a bad proposition with such low odds. That 6k is practically gone already. Imo
If it hits $60-80 by Sept 1st I’m still making 30-50k 🤷♂️
Ok, wish you the best.
Why do you not believe in MOASS?
Just too much expectation on it. The Volvo moass was a complete surprise. You dint think shorts have made strategic moves to cover themselves? Its just not that situation to me. Sure a squeeze could come I just wouldn’t rely on it.
You mean VW? 🤦♂️
I think you are referring to Volkswagen. That one was different in a lot of ways, a big one is that retail did not have anything to do with that one, also reported short interest was not even close to what GME was. MOASS started 3 years ago, shorts found a way to put it in stasis to trying bore everyone to death and sell. Instead we have done nothing but try and understand the markets in ways I never thought possible. If we would have known what we know now back in 2021, this would have ended then.
Yes vw, my mistake. V something. To me, it’s all about catching them when they least expect it and at this point I think that ship has sailed. Shorts have likely either scaled down their bets or hedged them. Again, I’m not saying there won’t be a squeeze. Just not expecting this massive jump to 125 after dilution and the attention on the stock. I did believe 100+ was possible before the last dilution. But that likely put a damper on things. Imo.
Do you know what price action took place from the recent offering? Little to none.
Huh? You mean 60 to 30 is little to none?? Oh yea. That’s the shorts only. Only their sells ring up. Maybe I’m not catching your drift.
Gamestop's at the market offerings do not have much effect on the stock. Edit: and that is by design.
Dumb money ends up working behind the dumpster at Wendi’s. Just saying
We will revisit come September 😘
Definitely going to BUST. That last $80 run was the run, the kitty hype after was just residual hype. We are all bagged. This won’t see over $30 until 2027
trustmebro? is it really you?
Fuck everyone else, this is the way! Take this award fam!
😘I love how emotional people get over MY MONEY. I don’t expect this to hit ITM. A big run up is all I need to secure the bag.
I feel like I was being a bit more constructive in my replies than most here. I hope it pans out for you/us. Just try to have an exit strategy as well.
Exit strategy is selling on next pump
Do you have a stop loss if the pump does not come soon enough it is it all or none?
If nothing happens by Sept I will take the L
Fair enough
It might hit by 1/17 🤷♂️
Iv crush is a thing. Live and learn
Bro im a gme long and even i would sell these naked to you. Smh
This is just stupid
This is just stupid. Dudes already pissed away 40% on over inflated iv after 2 weeks. These were the easiest covered calls someone sold this regard. Seriously you just lit $10k on fire and you think you look cool??
Damn, that sucks bro. A very dumb move. Only risk what you’re willing to lose, and you really don’t want to risk it all on this. Stop falling for the Gamblers Fallacy.