GME broke a 3+ year trendline today! Unlikely not to continue, at least past 100
(media.greatawakening.win)
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TY fren! I did try to advise you guys. I just saw something there. I'll have you know I did buy some options for cheap. I'll hold them & see where they take me. Too late to buy options there now. They are just too expensive.
My next guess would be good ol' DJT. Options are still cheap enough to buy a few. Once it starts going crazy like GME the options are just too expensive to bother. Don't sell the house, though, just a few options that you can afford to lose. Figure what you think it'll reach by when & then buy an option for double that amount of time (because nothing ever goes as well as you think)
Oh yeah. IV of 400-800% is nuts. Those options are way too expensive
When is your next prediction for GME to run? How about DJT, any contracts going to expire soon for DJT?
No idea & I can make no promises BUT , that said, I am cautiously expecting GME to keep going up. The next big up could be tomorrow or it can be in a few weeks. IDK. If the market gives me a signal I could lose faith & think that's it, but right now, I am sort of expecting some sort of MOASS.
Tomorrow morning, at market open, if it doesn't do much I might spread my options out for more time. For instance the 5/17/2024 30 call is $650 and the 5/24/2026 30 call is $820. Each of those options are absurdly high but the spread is reasonable. I might spread some options out for more time. It's lost money if it keep going up like mad this week BUT I WON'T CARE because I'll be making a lot anyways. You could do the same even if you don't have any options. You can go short the 5/17 30 call while buying the 5/24 30 call. If it does keep going up this week then quickly sell/buy them back & you won't lose too much but if it stalls a little you'll get next week's 30 call for cheap. Another thing you can do now with GME is sell puts. Since the calls are high priced the puts have to be as well (if not people can make synthetic puts by buying the call and shorting the equity) So you can also just sell puts. The 5/15/2024 27 put is right now at $400. You will get $400 as long as you are willing to buy 100 shares at 27 if it drops below 27 (Which is like buying them for 23) If it doesn't drop below 27 you pocket $400
As for DJT, I think it's going to go up any time now. It made 3 relative peaks recently: May 1st, May 10th, May 13th, each one just a little more than the previous. Lots of peaks really close to the same price like that is kinda a sign that one of the next times it will really blast off. (especially if they are progressively higher like this) I also think that Trump has some sort of plan with this. Flynn giving out that "black pill" tells me he knows that just the opposite is about to happen & he wants the swamp as unprepared as possible. Given the way they treat him about everything else, I would bet any money that the swamp has been shorting Trump like mad. But knowing Trump, he probably expected them to in the 1st place & has plans. Anyways, May 1st was 2 weeks away so I would expect it to start to rocket up in less than another 2 weeks from now (and it could be as early as tomorrow) The recent high was about 80 so I'd expect maybe 100? So let's go 1/2 that & a little more than 2 weeks to be safe: I'd shoot for say the 6/7/2024 call which is bid $71 ask $155 (right now) If DJT is relatively quite try buying it for a little more (say $72) then inch it up slowly. Sometimes, I slowly inch it up & then retreat some then inch it up more, etc. If the markets already going crazy maybe just buy it for the $155.
Best of luck & keep me posted. Like anything else, I can make no promises, of course. I mean, I really thought the white hats were going clean up the mess in two more weeks 3 years ago! This is just my best guess now. Most important is to follow your own logic & intuition, I'm just giving you a few ideas. Don't risk more than you can afford to lose.
On paper it looks like it can run throughout this week and next week with a few slump days in between. The options OI for next Friday look alright
The only wall in the way is criminal shorting, which can happen. Me and a friend are a little skeptical of a squeeze because we've been in it since November 2020. But let's see, could be better this time now that the criminal aspect is more widely understood now
Thank you fren. I am too regarded to do options so I just buy and hodl. I apologize you wrote all that and I am too retarded to do it. (Unless you told me exactly what to do every day, but I won't burden you with that.)
If you don't mind, I want to change the subject to the precipice, do you think the white hat controlled Biden admin will stop the MOASS? (As part of the precipice)? I have had this feeling for years the govt will fuck us over. What are your thoughts on that?