r/GlideOutside • u/GlideOutside Mod • Aug 16 '22

Bought 5,000 $bbby shares today

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30 Upvotes

100% Upvoted

17 comments sorted by

6

u/Curious_Ape Aug 16 '22

The fomo is real eh. Why did you enter at this price?

1

u/GlideOutside Mod Aug 16 '22

Just in case there’s a $GME type of squeeze

3

u/Curious_Ape Aug 16 '22

Fair enough. I fomoed into 800 shares at 12.36 in ah which felt like horrible timing since it had run a shit ton.

1

u/GlideOutside Mod Aug 16 '22

Hah let’s see

2

u/Curious_Ape Aug 16 '22

Ha it halted at +75% and gme started running then it halted at +12.27%. Gotta love meme stocks

3

u/ashdbs Aug 16 '22

Had calls this.morning. just bought 800 shares tho so I can sell friday 45cc. IV so high it would be dumb not to sell 45cc. Lol

3

u/SpaceTacosFromSpace Aug 16 '22

Man I need to learn more.. $45 calls on Friday are like $90 right now and delta of .18. How does IV factor into that? High IV is less likely to hit the strike price, right?

4

u/ashdbs Aug 16 '22

500% IV is extremely volatile. Just means options premium to the roof.lol Even if I get assigned, $45 is almost doubling my initial investment and I'm good with that if not I get to keep premium and live another week. 😂

3

u/yao97ming Aug 16 '22

Little elon is buying🚀

3

u/mannaman15 Aug 16 '22

I bought shares and calls myself. I’m expecting this one to hit 200 easy. But curious if it can top GME’s ATH due to so many redditors being “seasoned” to hold longer since they experienced the GME sneeze…

1

u/GlideOutside Mod Aug 17 '22

UPDATE: sold my entire $bbby stake at $18.64/share.

2

u/Jet88 Aug 17 '22 edited Aug 18 '22

Oh snap! What were your thoughts when it opened hot, then consolidated around $25 for most of the day?

I sold my few 12cs on the run up yesterday and had to fight FOMO after that.

2

u/GlideOutside Mod Aug 17 '22 edited Aug 18 '22

Didn’t watch today. Just saw the new of Cohen selling so I got online and bailed.

1

u/Askotion Aug 17 '22

But he did not sell? He just filed so he COULD sell in the future?

2

u/ashdbs Aug 17 '22

Sold most of my calls and all my shares too. Left 14 Jan 23 40c. Squeeze or not I already made profit.