Update on my GME YOLO PUT


Jummah Mubarak Fam ☪️💚
This is cursed.

Playing some AAL $30 calls
AMC the next GME?
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Mentor
Oh yeah, now this is gambling
Mentor
Lol I know. I just commented the same exact thing on this guy's prior posts 😂
You’ve got time to play the long game, you’ll be fine. I have a series of puts for March/April.
Puts are the way for long term, as this will come crashing down eventually. You’ll be alright
Mentor
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
Visual Storyteller
I was almost ITM yesterday!
Subject Expert
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%.
Visual Storyteller
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+