Diamond hands please don’t slap me— thoughts on selling puts for GME and AMC? Volatility is so high maybe even a mid March one would be worth it? What about opening put positions for Apr/May?

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Well, by selling puts, at least your downside is known (100%).

likefunny

Be very careful. I sold puts early this week. They lost money as ivol skyrocketed

I’d sell calls way OTM. No shot in hell the price goes above $600 at this point, and you can make some nice coin on those premiums.

Except you can close your position, so it’s not unlimited....

I’m going to buy me some of the 700 and 800s next week

Yeah but if you are doing it for mid March be prepared to own 100 shares of GME so make it some price you are comfortable with after this plays out. 30P isn’t a huge pay day($780) but reasonable price if you get assigned.

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