Im wondering how gme puts would go if I bought at the top. Right now IV on most puts is%250-450. I got crushed when I bought calls on the way down on amc. Any advice?
What is the upside on GME puts right now? Stock is climbing on increased volume with tons of support under the current price. It was hammered for 3 years. Way more upside on calls for the next few weeks
Terrible_Champion298 on
Pricey. The current setup with that huge dilution and earnings coming up will, imo, punish shares. The bigger question then becomes how much. I’m favoring a 30dte short put here and Not for intentional assignment. Maybe 6/28 21 short. Mid comes to about 16% of funds set aside.
flc735110 on
On most meme stocks, IV drops when the stock drops
MDJeffA on
Just loaded up on 1wk calls at 23$
BlacklistFC7 on
I sold 4 calls Friday and today
All close today with profits.
Buy calls and sell puts only.
Check the OI on 6/21/24 $20 call btw.
jonnohb on
Yes buy puts now then post results on wsb either way.
EnigmaSpore on
Buying vertical spreads is always an option. Wont be as profitable but it can still be a very profitable play.
7 Comments
What is the upside on GME puts right now? Stock is climbing on increased volume with tons of support under the current price. It was hammered for 3 years. Way more upside on calls for the next few weeks
Pricey. The current setup with that huge dilution and earnings coming up will, imo, punish shares. The bigger question then becomes how much. I’m favoring a 30dte short put here and Not for intentional assignment. Maybe 6/28 21 short. Mid comes to about 16% of funds set aside.
On most meme stocks, IV drops when the stock drops
Just loaded up on 1wk calls at 23$
I sold 4 calls Friday and today
All close today with profits.
Buy calls and sell puts only.
Check the OI on 6/21/24 $20 call btw.
Yes buy puts now then post results on wsb either way.
Buying vertical spreads is always an option. Wont be as profitable but it can still be a very profitable play.