I am a licensed fiduciary financial advisor & I am completely based. Everything about this GME saga is legit & I firmly believe will transfer a majority of deep state wealth to the people.
That said, buy the shares of course, but also buy call options contracts one week before 6/3. This will catapult your potential earnings with signfiicantly less cost.
Here is my personal GME trade strategy leading up to lift off on 6/3. I highly recommend it:
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Buy shares of GME using Dollar Cost Averaging This is the PERFECT time to do this as the market dips lower & lower each week. -Instead of buying all your shares now or "at the dip" later, figure out your total spendable amount you want to invest & divide it by four. -Invest that 1/4 of total investable this week.
-Invest 2/4 of total investable next week. -Invest 3/4 of total investable the week after. -Invest 4/4 of total investable the week/days BEFORE 6/3. -
Buy Out of the Money Call Options a week/few days before 6/3 with expirations at 6/17 & 6/24. -Huge huge upside at a massive discount. -Options allows you to own 100x the number of stock at a fraction of the price.
PS: the stock will be splitting in June so even if the MOASS does not happen in June all shareholders of GME will double their shares in about a month’s time. That’s reason enough to buy GME. Also, historical data shows that stocks that split end up finishing the year at a 16% gain on average…just FYI.
I'm not much of an options trader so some counsel would be appreciated.
If you believe the stock price is going to go way up, why bother with a call option?
If you just buy 100 shares of GME at lets say $50 believing that it is going to go to $5,000 per share. You pay $5000 and for an asset that goes to $500,000, for total profit of $495,000.
If you buy a single options contract at a premium of $5 at a strike price of say $100, that is $500 ($5 per share with 100 shares) up-front for the option (but not the obligation) to purchase 100 shares at $100 per share which is $10,000. And lets say the share price goes to $5,000 which leads to the 100 shares being valued at $500,000. So $10,000 and $500 premium subtracted from $500,000 is $489,500.
I guess if there is no MOASS and we just sideways trade then you only put in $500.
I dunno, am I understanding this correctly? I never quite understood options.
Exactly
https://tradingthread.com/why-options-trading-is-more-profitable-than-stocks/