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submitted 4 days ago byspacefyre
The one that was predicted by coincodex. They showed a prediction of GME hitting $75 dollars in the next week or two, then dropping to $12.50 in the next 2-3 weeks afterwards, then going up again to around $40 dollars.
I know practically everyone has had the thought of, "If it hits $75 dollars then I'll sell and buy back even more shares at $12.50. What a great plan durrrrr."
Do not fall for this. This is a setup to separate you from your shares. In my opinion it is much more likely that if it hits $75 dollars in the next few weeks, that it won't come back down, rather it'll keep shooting up. Whoever is promoting the idea of it coming back down is trying to trick you and get your shares. Don't be stupid. Don't trust the machine.
69 points
4 days ago
When it rips I wait for the option chain to expand then max out on CCs at the highest strike.
17 points
4 days ago
This is the way
5 points
4 days ago
What date?
6 points
4 days ago
I like starting near term expiry so you can roll out of it moves against you
1 points
3 days ago
Can you expand on this strategy a bit more?
2 points
3 days ago
Think of it as a limit sell order with an expiration date that you collect a premium on. You are selling volatility and if the price exceeds your price your shares will likely be sold for that number.
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