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.
How and where do I buy an option contract? I hold shares but have never done options.
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.