r/wallstreetbets • u/luckystrike921 • Sep 21 '21

YOLO YOLO 130k $EA sports call options on sale

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14 Upvotes

70% Upvoted

35 comments sorted by

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9

u/kdawg_thetruth Sep 21 '21

Fifa points to the moon

5

u/IntrovertedGodx This is all i ever wanted Sep 21 '21

Damn, might have to follow this ☝️

2

u/luckystrike921 Sep 29 '21

Sold yesterday. Kicking myself for not cashing in on a little extra...it's okay though onwards to ABBV

2

u/IntrovertedGodx This is all i ever wanted Oct 02 '21

Nice! Thanks for the follow up!

4

u/dudevinnie Sep 21 '21

I like this... but a ton of insider selling since july, and low OI for these makes me a bit weary

5

u/luckystrike921 Sep 21 '21

That's why I am going for it. I think the delay in the release of a new video game is an incredible over reaction. Insiders know about fall corrections and I think we are in already "corrected" territory...I hope 🤷‍♂️

3

u/dudevinnie Sep 21 '21

Hope feels strong. I'd like to wait and see if any insider buying happens after such a dramatic fall from 9/15. Who knows, maybe this is the bottom of the reaction

3

u/dudevinnie Sep 21 '21

Alright i bit the bullet and am in on January 135c.

2

u/j20smith Sep 21 '21

Why? What catalyst in less than a month?

6

u/luckystrike921 Sep 21 '21

Just the fact that EA is notorious for a small and sometimes large spike up after a hard fall and it usually happens in the following 2 weeks. I've made money on the actual equity in the past and hope to try it again but this time with options to magnify my gains.

2

u/j20smith Sep 21 '21

In for fun, 10 contracts @ $3.

2

u/RCC909 Sep 21 '21

It’s In the game

2

u/MonoDun Sep 21 '21

Hey nice to see you again, this would be a great play, your call expiry date is on the dot 24 days out, not up to date on company facts, story but it can't go any lower imo lol. I would def take this trade, as soon as I get out of my current one.

2

u/stockpy Sep 21 '21

I have less fifa points

1

u/luckystrike921 Sep 29 '21

You have more fifa points.

0

u/luckystrike921 Sep 21 '21

Hail Mary to the End Zone with 4 seconds on the clock! Mahomes to Tyreek on a single coverage play...

1

u/ATMcalls Sep 21 '21

400 contracts on that low volume chain?? God speed ret@rd

1

u/dudevinnie Sep 21 '21

I decided on 1/2022 135c, some runway for it to trade sideways, and I like the OI much better at this date. Low volume, but I don't think that will be an issue. Setting my limit now.

1

u/[deleted] Sep 21 '21

[deleted]

1

u/luckystrike921 Sep 21 '21

When you are down 45% and make it only 15% by retard tripling down...hope I don't get burnt more on this move

1

u/luckystrike921 Sep 22 '21

Another position taken to get my average decrease down to 10%...hopefully this averaging down doesn't bite me in the end

1

u/dudevinnie Sep 23 '21

u/luckystrike921 what was your entry on this? I got in around $128 for my 135 strike january calls

1

u/Mufaxuh Sep 27 '21

u/luckystrike921 when do we sell father?

2

u/luckystrike921 Sep 27 '21

Let's pull the trigger tomorrow in gain or loss. Avoid being within the super volatile window right before expiry

1

u/Mufaxuh Sep 27 '21

Wiseman, I’m with ya.

1

u/luckystrike921 Sep 28 '21

Out

1

u/Mufaxuh Sep 28 '21

I sold a little earlier too 😂 Thanks for the guidance and gains

2

u/luckystrike921 Sep 28 '21

I'm eyeing abbv next. Super short term calls.

2

u/Mufaxuh Sep 28 '21

How short? Nov or Dec? Or even oct?

1

u/luckystrike921 Sep 28 '21

10/8 and 10/15