Quote:
Originally Posted by maskedmelon
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Too late to short GME, or still a chance I get fucked with the big bois? It looks like a lower high is in. One more pump or are we already to the dump?
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Nah it aint over yet, plus they doubled down on buying more puts last Friday, so if it baloons up over 400 they're exponentially fucked.
Remember, these are only the "weeklies" playing out here. The real prize is balooning it until April 16th (the Quarterlies) or 2/19 if you're looking for the upcoming "monthly" options.
A considerably "out of the money" Call Credit Option Spread may be in order here. The cosmos tellin me the magic numbers for that would be a Feb 19 500/510 Call credit spread netting you 303$ for a 697$ risk.