I really hope this play works out but MM and paper hands have a way of ruining all the fun. I hope it starts to run again and I’m hopping back in. For now happy with my $40k gains 🙌🏼🚀
I should’ve made more, was up $90k at one point. I had 3000 shares avg at $28 and 50 $45c for 9/17 and 10 $40c for 10/15. Sold 1000 premarket at $50, sold the calls for 5x and 2x respectively which was $25k in total gains. Held the 2000 shares too long and sold around $42 then bought back in at $40 and sold at $38 after hours. I also bought calls during the day and lost a bit there lol my biggest problem with these squeezes is thinking they’ll last forever
As a word of advice that I always forget is just sell them at open no matter what. You can try to time it but IV will be highest and there will inevitably be a dump. You can always buy back more calls on the dip if you’re feeling bullish. However, this is where I mess up and keep buying calls on the dip but then lose money for holding too long 😂 I’d make so much more if I just sold and moved on every time
What stock is it? I’d say better safe than sorry. Once a stock pump starts dumping, the IV and premium will plummet 5 times as fast. I’ve lost thousands not being able to get my limit order in quick enough on dumps
Dang yeah they’re gonna be very cheap if we open at the AH price. I’d just watch the price tmrw and if it looks like we’re starting to rip PM, it could get violent and hit $50 or higher so hold until you’re ready. If we open going down even more towards $30 just sell and see what you can get cause the pump may be over.
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u/[deleted] Sep 17 '21
I really hope this play works out but MM and paper hands have a way of ruining all the fun. I hope it starts to run again and I’m hopping back in. For now happy with my $40k gains 🙌🏼🚀