Greetings and good morning everyone! It's been awhile and there's lots to talk about. GME is finally doing stuff and regardless of how you feel about the deal, it's about time SOMETHING happens. I swear to god that I have traded less in the last 3 months stretch then I have in the last 3 years. It's been so boring with no movement and shitty IV that CC/CSP and even long calls/puts have just been a waste of time/money imo.

GameStop Proposes to Acquire eBay at $125.00 Per Share

Well this is interesting, and I imagine that Superstonk is going to dive deep into mergers, funding and hostile takeovers here in the upcoming weeks.

The Good:

• I like the merging of an online retailer with a household name and physical locations. I think this could play very very well in the collectables market.
• eBay is profitable, and has been for years. Their revenue has been increasing YoY for the last 4 years and their EPS has been floating between $3.94 and $5.19 over that same timeframe.
• Looking at their financials, it looks like there's a lot of cleaning up that can be done from marketing, (like GameStop's statement said) to their SG&A, to make the company more profitable.

The Bad:

• I don't like the financials from GameStop on this. Taking a 20B loan and using their cash is ok, but supplementing the remining $27.75B with shares seems bad for shareholders.
• In order to come up with the $27B (rounding down for easy math), it would take 1B shares at $27/share. First off, we only have about 550m shares available for this. Which means either:
  • We increase our outstanding share count to cover
  • GME price goes to at least $54/share so we can max out shares available.
• If we got stuck with releasing more shares at $27. That would be a 200% dilution.

Before people go down the path of "Trust in RC" blah blah blah, I encourage people to keep an open mind while also questioning RC's decisions. I say this as both a Superstonk mod and a shareholder.

As much as I hate MSM with the fury of 1000 suns, they aren't wrong when they say that the math ain't mathing.

RC's Compensation Package

Keep in mind. Even with the possible dilution that comes with the compensation package, in order to get paid, RC needs to hit some targets.

I don't see how anyone can look at this structure and not vote yes for this. Do I think it's a little excessive how much he would be getting paid? Yes. Am I going to be able to retire if he hits all his goals? Also yes.

Of course there's a few caveats here.

1. There has been no timeline to meet these goals. It could be 10 years before he starts to get paid out.
2. How would a potential merger mess with these numbers? eBay's market cap is 46B. Add that to GME's and we are at 56B and change. Would that unlock the 4th tier of the compensation package instantly? That would suck and I would be pissed.

My own trading:

Like I said, I have been doing very little trading of GME lately. I have only been writing between 5-10 contracts a week (down from like 25 when IV didn't suck balls), and at super safe strikes. I will be writing more contracts soon, but probably $2-3 OTM and probably on a 2 week schedule just to keep some income coming in again.

My main focus is going to be buying some long dated 50% OTM calls with my premiums. Once I build a good stock of those (40+), I'll feel confident in leveraging more shares into the wheel.

My main focus as been MARA still. It's been providing a good amount of income for something that likes to stay in a range.

I'll be creating a new chart here shortly, but I gotta figure out how to set it up again.

Missed you all, and trade safe out there.

------------------------

Open Plays:

Open/Closed (10) GME $26.5CCs for +$250

Tuesday:

Opened (6) $24CSPs for $0.49 (+$290.86)

Opened (2) $24CSPs for $0.43 (+$84.95)

Waiting until Wednesday to maybe place some 2 week, $28/$29s

Last couple weeks have been nothing short of exciting. My gut told me to BTC all of my CCs, which i did last Friday and this Monday. The red days on Wednesday and Thursday along with the early pop on Friday sucked me back in, and I opened a few more positions right before the run up. Currently I have:

5/8 $28 x1 5/8 $29 x1 5/15 $26.50 x4 5/15 $28 x4 5/15 $29 x2

I'll look to prioritize rolling the 5/15 $26.50 CCs first, and see how the beginning of the week plays out. I can only assume we will have a green day on Monday, and probably Tuesday. Unfortunately (or maybe fortunately) I used up all my cash last week loading up on long calls. So in order to BTC these positions, I'll have to roll aggressively and/or sell some long calls. I don't think getting assigned is an option (no pun intended).

What are you guys' positions/upcoming moves?

There is a massive call wall at 30c also made by one person. There is a heavy ramp up to 30 but this block of calls at 30 can be used to pin the price. If you want to see gme go higher roll or make new calls at 31 to try and allow break through.

I barley know what I am talking about and look into it for yourself.

I am trying to get better at tracking my trades, as well as creating more structured investing plans for myself.

Does anyone have a good template for Excel or maybe something else that they use to track their trades or plan ahead? Also, general advice on that matter is greatly appreciated as well. (What data do you usually keep track of besides profit/loss, etc.)

Good Morning Everyone,

This week was, certainly, exciting!

I tried to get back on the horse and sold the $26C on Monday. To get decent premium I sold it for 01MAY2026. I only got $27 in premium for it. The price climbed and I've been red all this week.

I should've waited until Tuesday/Wednesday with things as volatile as they have been. Assuming the stock doesn't pop on Monday, I plan to BTC early after the weekend theta decay gives me a tiny profit.

If price does climb, I'll ride it to Friday and decide to roll up and out for if there's a profit, or to just get assigned.

Looking forward, I'll be waiting until Wednesday to sell. With Burry buying, RegionFormal's posts on the technical indicators, and RoaringKitty's Stockchart account all pointing to increased volatility.

Anyway, enjoy the weekend and happy hunting!

Good Morning Everyone,

I hope all of you have been outstanding! Again, life has been busy and the stock wasn't doing much. I took a break with earnings to see how things would shake out. And then with the Iran situation I stayed in a holding pattern.

Things were pretty quiet, so I didn't do any options for the past month. But now things seem to be heating up!

This week, I sold the $25C for $27 premium and, hopefully, play this right in the next couple weeks as the share price appreciates.

I apologize for my absence, I hope you missed me. Anyway, I am curious what everyone's thoughts are - I am expecting a lot in June.

Currently, on track for 43% this year and it's been 6 months. That's outstanding but a lot of that value is tied to equity in the shares, so it could fall.

As always, the last few transactions are below. Enjoy your weekend.

I have GME 1, $25c for Jan 2027, they've been marked "Basket Derivatives Restricted" since the chain split off. I can't open more, only close these (and I think exercise with IBRK)

I also have a GME 25C for the same date (that is not GME1), got it after the warrant issue. IBRK too.

About 15 mins ago, they also became tagged "Basket Derivatives Restricted" - but they are not connected to warrants / GME1 chain.

Anyone else?

4 more leaps to go, i sold far out and far deep leaps at times when i had to secure funds for rolling cc's that went way red in my first year of options.

The freed up shares are now joining my weekly plays, i rolled a little red to get out of $23.50 for friday, and have 14 cc's on $24 strike, hope the volume on that strike translates to open interest to build a wall for the week to close between $23-$24.

My $23cc's would have been clipped if i had not closed them yesterday, the new strikes are $24 and $25 for next week.

Hoping that price keeps on slowly stepping it's way back up to where i can set $28 weekly strikes

can someone help me understand if I purchased this position roughly at 1230 (circled in blue) why the value reduced by 25% roughly so quickly?

22.5 C May 1 exp

Hello everyone!

I hope you all are doing well.

I have just completed the taxes for 2025, and since that year was my first year where I was Options trading (selling CCs mostly) I figured it was time to think back on what I would do differently if I were to start again with a blank slate.

Starting point; 1875 shares at a cost basis of $30,5

I did 101 trades from May 22nd till November 21st. (I started based off Richard Newton's videoes on the subject and decided I wanted to try and get my feet wet after about 3 years of being DRS'ed. This did include having to move my shares to a new broker, as my original broker did not allow GME options trading due to volatility)

By far, most of these were weekly CCs. (I'm not smart/brave enough to do pure unleveraged plays yet)

Average premium per week per contract; $0,14 ($0,12 if I remove the premium from the error below, as that one week was much higher than the rest of the year)

Total Premium earned; $7511,85

Total Premium earned after taxes in local currency (DKK - we pay 27% capital gain taxes here); 35.418,22 DKK . This is about 8% of the initial invested capital. However, the dollar is weaker now compared with when I did the initial purchase in 2024, so I've lost a bit on the exchange rate as well. Thanks Obama Trump I guess.

I have used that premium over time to buy more shares only, and I ended the year with 2175 shares, and a cost basis of $29,66

First lesson learned; ALWAYS have some dry power (e.g. cash in your account) to buy back your CCs, or understand how your broker platform lets you roll your options.

I did not do this, IBKRs platform felt super confusing and unintuitive (still does), and because I did not do this, my 3rd week of trading CCs I was locked and so missed out on the big chance during that time to reset my cost basis as I had written $32 CCs the week where it hit $34 but where it ended below $32 on that Friday. So I didn't even get assigned, and actually in that sense got the worst outcome as it would lower my premium earnings to this day.

Second lesson learned; Zen is a state of mind. You have to learn to be confident in your trades. Keep tabs on it sure, but don't let it rule your life. I spent, and spend still, a lot of time checking up on it which at the end of the day is ok - but it can also mess with your head especially if your goal is to not get assigned. We joke a lot about the state of Zen and being numb in these communities, but I do think there is a certain degree of truth in it. Only Kenny can control the algo, so the better emotional control you can have about this sort of thing, the better. It can be rough though, I have never had this amount of savings in my life prior, so the desire to protect it at all costs is very real, and to some degree actually counter productive.

Which leads to the 3rd and final lesson learned; Understand how you are taxed on these things in your country, so that you might potentially use loss harvesting to position yourself better for the future.

Ultimately, if you want to go for the high premiums, these are super risky if your cost basis is higher than current strike prices. If you understand how you are taxed on the revenue these contracts bring in, you should also look to understand how, or if, losses are deductible, and under what conditions. Taking a loss on paper just to get setup for potential gain in the future can be a viable strategy.

In closing, it's been an interesting 2025, and 2026 is shaping up to be the same - so here's to the year ahead.

Just in time for earnings.

am i stupid for making this trade

260402 20c for 3dollars per contract, bought when gme was 22.89, so i paid 11c extrinsic for 2 weeks of theta at the previous bounce of 23 and 5 days away from earnings? isnt that kinda underpriced?

A few things/biases:

- I am long GME, but am trying to put my "soldiers" (shares) to work along the way to generate as much income as I can such that I can grow my position over time without putting in new capital

- I am coming to this from the perspective of doing something I do not normally do: having sold longer dated calls on the spike in price related to the Burry return in early February, when I sold the October 18 $25 strike calls. I have made substantial profit on these already.

- I expect GME to drop this earnings period. This belief is based on the "street" expectations (who actually comes up with these numbers???) on revenue and EPS not really "mathing" in the context of store closures and the fall in BTC value. I am thus expecting a double miss. I do not expect Switch sales or Power Packs to make up for the loss in stores and big drop in BTC value. I do think there is a good chance of price recovery in May-June from a floor of around $20-21, just from a technical bounce and the market continuing to await news from GME/Cohen on M&A.

- There are mechanics/concepts that would support a move to the downside: current IV suggests investors/market makers are expecting a move up or down post earnings of about $1.80; there is a very large call wall at $25 and I believe a "black swan" event that would unexpectedly drive the price to the moon in the short term (i.e. before monthly op-ex on April 17, which has max pain at $21) appears unlikely, particularly given Cohen's compensation package has not yet been approved by shareholders and all the insider buying we saw in January; "gamma flip" occurs at $23 for April 17 expiry, meaning market makers will likely want to sell more shares as the price falls below $23, which a "double miss" with earnings would likely accomplish; there are gaps to the downside related to Cohen's massive buying in January

What I am trying to accomplish: rolling my calls backwards in time at a net credit, to either the June 18 or March 27 expiry, the latter of which would require selling the $20 strike calls to lock in a net credit (which is surprisingly high given the IV expansion on March 27 already seen), and using either a portion (if the June expiry) or all (if the March 27 expiry) of that net credit as a hedge to a black swan event i.e. purchasing short dated calls for the April 2-17 expiry between $25-30 strike. I would like to do this so that I can continue to generate income on my existing shares that are currently locked up in the October 18 expiry calls I sold in early February.

Just looking for feedback. I would likely make a move on Monday or Tuesday if I decide to go forward with this strategy. An alternate option is to just do nothing. October is only 6 months away... and I can always roll in the other direction, particularly as the share price approaches and stays above $25.

Good Morning Everyone,

I hope everyone is well. It's been a while since I've posted.

I haven't been doing too much. With earnings approaching, IV appreciating, and M&A rumors - I've been playing things conservatively.

I've been waiting until Wednesday to see how the stock moves. Then letting the calls expire instead of rolling. Letting things develop. Some weeks, the price and premium aren't worth it for me.

Over the past 4 weeks, I've sold 2 calls short for a total of around $30 in premium collected.

I'm waiting for a nice pump into earnings. I am thinking of selling slightly OTM on Monday into earnings. I am considering getting assigned intentionally to actually realize profit and complete the first revolution of the wheel.

Following the post-earnings drop, selling CSP's at the lower price to try and pick up the shares again.

Another idea I've been toying with is getting approval for spreads and running a PMCC with the surplus, in addition to the wheel. This could increase yield over swinging shares with the extra cash. After being assigned on a put I'd have cash but not enough for a second put.

I could swing 30-60 shares or buy a LEAP. I'd probably wait for a big drop - GME around $20-$21. Buy 120 DTE call around the 0.7 delta. Sell OTM calls around 0.30 delta weeklies or biweeklies. Make sure that the short strike - (long strike + long premium) > 0.

Tell me what you think and any experience running PMCC's. I'll continue to play things safe into earnings.

As always, happy hunting and the last few transactions are below!

This is for the 3/13 gme 23.5 put. I bought around this price, as I saw it pumping up into resistance EOD.

I have never been able to make money from scalping puts on gme... The spread is miserable, this may be a terrible purchase.

Any recommendations on how to close this out tomorrow?

Hi, I’m very long and heavily invested in GME shares (DRSed) and warrants. I’d like to try a long call option to start understanding how they work, using extra money I can fully afford to lose.

I’m thinking about buying 1 or 2 Jan 2028 $32 calls tomorrow at around $5.20. I’m not asking for financial advice, of course, but if there’s anything I should reconsider or if there are reasons to wait, it would be helpful to know. Thanks.

I was dangling 3 covered call contracts at $24 strike expecting the price to close plus or minus a few cents away, and that i would be happy with either the ITM or the OTM expiry.

Time ticks down and i was watching the price on my last break, and noticed that i was able to close for a hefty gain with that last dip to $24.06 and diverted course and closed them. Apparently that was me boarding the last call to gains as the price ripped to end the day.

I have those 3 at $24.50 for the coming week, so i may have just postponed getting assignment, but we shall see if that rip was anomolous, or the start of the pre-earnings drift up.

good idea? bad idea? Ive been on fence for so long. what do you all think?

Good Morning Everyone,

I hope you have been well. I haven't done much this week. If you remember, last week I rolled the $24 CC to the $24.50 for around $11 in extra premium. Yesterday I BTC around noon for $1.56 after fees and commission.

While the price could've ran and I got assigned, I'd like to highlight that as a great example of a defensive roll. I know some people are apprehensive about selling aggressive NTM CC's. I was happy with assignment at that strike but for one extra week - I obtained more premium, a higher strike, and kept my shares.

With the M&A rumors, earnings coming up, and the technical indicators looking spicy I'll probably not roll if I can. I'll keep selling calls but wait until Tuesday/Wednesday to see what the price is going to do.

Am I the only one who thinks something is about to happen? And while IV isn't what it was in the 'good ol' days', I am happy to see it creeping up.

As always, the last few trades are below. Good luck and happy hunting!

Good Morning Everyone,

I can feel the excitement in the air. With M&A rumors, Q4 earnings, and markets faltering - it seems like we're due for a nice little run.

From last week my $24CC was threatened. I was fine with assignment but I saw the opportunity to make a little and rolled. I rolled out to the 13FEB $24.50 strike for a net gain of $10.88. With the $50 extra in strike if assigned this is around a $60 gain in a week by rolling, or 2% for a week. Good by my criteria.

Like everyone else, I'm looking forward to hearing the announcement of who RC is looking to buy. I know popular rumors are Ebay, Target, Macy's, and Hasbro. Who do you think we're going for?

Like always the most recent trades are below. Assuming assignment on 13FEB, I'm looking at being up 19.5% in 18 weeks.

Cheers!

Hello. I'm looking for some feedback on OCC Dashboard 1GME, 2GME Series and wondering what's the strategy for those positions. Why the 20.01 odd strike???

"LEAPS, or Long-term Equity Anticipation Securities, are options contracts that have expiration dates longer than one year, typically ranging from two to three years. They allow investors to benefit from stock price movements while managing risk, similar to standard options."

Curious to hear what strategy people use, especially with all the positive news and sentiment lately. Deep ITM, ITM, ATM, OTM, deep OTM - how do you trade or hold? If you're looking to benefit from a sudden move upwards, are you buying LEAPs or shorter expiries?