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.
A trusted broker would be Fidelity.
Open a brokerage account with them. Deposit whatever amount you want.
Apply for an options account at Level 2 (this allows you to buy calls)
Await my advice a few days to a week out regarding which exact contract I would buy.
Note: If you hold shares of GME you want to register them with Computershare.com.
I have my GME drs's as well as my AMC shares. I have an account with TD and they allow me to trade margins. Is that a high enough account for options? Does it have to be fidelity?
If you have a margin account you should definitely be able to buy calls. Although Fidelity is the “most trusted” broker in the stonk community, all brokers come with risk. That said, buying a call with any of the brokers runs the same risk as you are now buying an option contract & not tangible shares that can be registered.
This is why I recommend little of you capital go to option plays. Maybe 1%-2%. Unless you can afford more risk that is.
I have a fidelity account but only used it for DRSing my GME shares. I am not sure how to physically set and buy an option call. I'm not sure how or what to look for. I have the think or swim stuff but no idea what I am doing with it. I can def not afford much at this moment. But I can throw 200 at an option and see what happens. As long as it won't cost me hundreds or thousands if the deal goes south.
If you don’t feel comfortable doing a call option than don’t worry about it. Buying a call option has zero risk beyond the cost of the contract itself. So your floor is the $200 you would spend for a contract.
To give people an idea of how to do this, I am going to post a live call option trade from my own Fidelity account a few days before 6/3.
I’ll give clear instructions and if you/anyone feels interested in replicating then trade then have at it. But you have to decide if it is worth the risk to you as an individual investor.
It's not right to talk new people into buying options.
Buying options is usually just giving free money to hedge funds.
I’m an investment advisor. It’s my job to advise on investing. That said, I am not advising people to make large investments in options. In fact, I’m recommending a very small amount of money ($150-$250) for at least a single contract. Of which, buying a call option has zero downside risk other than the initial cost of the contract. Selling a call on the other hand is not advisable for a novice.
This is all advice. People in here are not stupid. The government thinks they are but I do not. They are independent minded individuals who can understand the limited risk/massive reward potential buying a call option on GME offers.
That's the first time I've seen you recommend an amount.
If people want to gamble,a very small amount,it's no big deal. I've done that and lost several times last year on the the date fagging.
Buying the shares outright is also a big risk as the company was near bankruptcy over a year ago.
Investing has risk. It’s all about capital management & not risking more than you can afford.
No one is taking people into anything. I am giving sound investment advice on a speculative play. The loss potential on a call option is only limited to the amount paid for the contract.