The Investment Thread (6 Viewers)

[St. Geezy]

HYMC is now at $1.59, coming down almost $.35 from the highs in rapid fashion, and the $1.5 puts for tomorrow aren't catching bids.

Is this an indication that the MMs know this is a fake dip and that another big spike is imminent?

EDIT: They're catching bids now.

Full disclosure, I bought some for $0.03 at open and just off-loaded some for $.08.

 

[Turfie]

GME is a pump and dumb.

Nasdaq composite- hold my beer

 

[St. Geezy]

MULN just shot out of a cannon out of nowhere a moment ago...

 

[Turfie]

Wow. -5%

 

[SaintInBucLand]

Soft landing huh? LOL... Bought 10 contracts of May 9 $393 Spy puts right at close yesterday for $30 a contract. Sold for $80 a contract a bit ago. Kinda wishing I held a bit longer

 

[Turfie]

MULN just shot out of a cannon out of nowhere a moment ago...

So. I wonder if my general statement is correct.

Things that are over leveraged UP must come DOWN.

Things that are over leveraged DOWN must come UP.

Eventually

 

[Rickboy]

OOF.. I don't wanna look at my 401k right now. Except for my Rivian and VMware stock, I'm holding a lot of cash. There will certainly be a massive buying opportunity at some point. I'm consoling myself with that knowledge.

 

[St. Geezy]

So. I wonder if my general statement is correct.

Things that are over leveraged UP must come DOWN.

Things that are over leveraged DOWN must come UP.

Eventually

Seems that they've decided the best way to do it is to release the runs in short spurts, repeatedly, while slowly walking the securities downward.

They've likely weaponized the options chain in some form or fashion as well.

 

[St. Geezy]

Big bounce from SOFI today...curious to see if AMC and SPCE do the same thing here shortly.

They've been operating in tandem, on slight delay.

 

[St. Geezy]

....yep, ten minutes later, AMC and SPCE are following.

Fascinating watching these algos at work, especially when there is a slight delay on certain tickers at certain moments.

EDIT: Well that was short-lived. AMC and SPCE seem to be flattening, however SOFI is still chugging alone.

It's almost like they have less power available to be able to drop the price down or something.

 

[Turfie]

Algos every where.

 

[St. Geezy]

LFG!!!!

This is where the predicament for me lies and why my mindset is starting to change about these particular two plays, AMC and GME...why are MMs being made out to be villains for doing their jobs by creating liquid markets? We got mad last year that the buy button was turned off, however we are also mad about all the naked shares out there...we can't have it both ways.

And that raises the question - what makes us believe that all of these naked shorts will be covered in the fashion some envision? I believe the "real" shorts need to be covered, but I am starting to have my doubts that ALL of the naked shorts will be covered, because the MM that gave us liquidity did what they were supposed to do and should not be made fully responsible for it (hence why I think large institutions like Blackrock and such are likely helping them keep those two tickers under control).

I alluded to this earlier in the thread, but I am starting to come around to the thinking that AMC/GME may indeed be the ULTIMATE distractions from many other much more fruitful, low cost plays out there of the same ilk, especially for options players.

Why buy a GME call option contract that's $30 out the money and expires this upcoming Friday for $120, when you can buy a BBIG call option that's only $0.23 out the money that expires in DECEMBER for $72?

It's because everyone and their mother is selling a story about this magical $100,000 share price ride that would require something to occur that I don't believe is legally obligated to ever occur. Meanwhile, while holding onto this magical MOASS scenario position, your dreams could be getting fulfilled with many of the smaller plays out there.

I am continuing to use BBIG as an example only because it's one of the first ones I have studied, but take for instance the $3.50 strike for 12/16. A 1% stock ticker move yesterday produced a 20% rise on those calls, going from $0.58 on the day to $0.70. BBIG is currently trading at $2.77, and is subject to the same cyclical price spikes as GME/AMC are. There are many other examples of this elsewhere, such as BKKT, SPCE, OCGN, EVGO, etc., and again, they're the same type of 100% Short Utilization play as the big two.

I think what I plan to do is to take a significant amount of time this weekend identifying all of the plays like this, finding the best value, and going heavy on a couple of them on far out dates. I will keep a small portion of my AMC position, however my mindset is shifting from using other plays as swing trades in order to feed AMC to now using AMC swing trades to feed other plays. I'll hold onto a (relatively) small call position on AMC indefinitely in case some magical MOASS scenario occurs, but I think I am done chasing a ghost on that one (I sold a large portion at $32 on the latest run-up with intentions of going back in on a dip like this one, but have now changed my mind on my approach).

Took my own advice here on BBIG...didn't go full retard and buy 1,000 calls like I first thought about doing, but decided to go "smaller" with something closer dated.

Big rally in AH today, which should send these bad boys into orbit. Don't think I'm gonna get much sleep tonight.

 

[Turfie]

LFG!!!!


Took my own advice here on BBIG...didn't go full retard and buy 1,000 calls like I first thought about doing, but decided to go "smaller" with something closer dated.

Big rally in AH today, which should send these bad boys into orbit. Don't think I'm gonna get much sleep tonight.

Interesting that ATER nose dived at the same time

PROG and XELA could also pop.

 

[St. Geezy]

Interesting that ATER nose dived at the same time

PROG and XELA could also pop.

Most them are...it's inevitable. Just a matter of buying far enough out and remaining patient.

 

[St. Geezy]

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