Update on my GME YOLO PUT

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likefunny
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Oh yeah, now this is gambling

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Lol I know. I just commented the same exact thing on this guy's prior posts 😂

likeuplifting

You’ve got time to play the long game, you’ll be fine. I have a series of puts for March/April.

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Puts are the way for long term, as this will come crashing down eventually. You’ll be alright

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But yeah if the squeeze happens you may see this put go to near 0, but since youre in it for so long just hold lol

120 though ??! Good luck

I was almost ITM yesterday!

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I was thinking Mar... you are going to Jul... not a bad move but I’m skeptical you’ll get more than 25% return at expiration (I think the target price is around 40). So you are really playing the gamma game for velocity to factor into your price.

My suggestion is model out different gamma increases and set a target limit GTC order unless you plan to stare at GME everyday. It should be close 50%.

Yea it looks like the max I can make is $3.5k due to the IV, which is pretty terrible for a $7.5k bet. I’ll sell once I can make $1.5k+

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