It's simple, just like my previous posts.
This has nothing to do with earnings or fundamentals. It's purely a market mechanic trade.
The delta from expiring/exercised/rolled monthly expiring options from the end of the month will always hit the market on the usually first Tuesday of the next month.
Dec 6 is the date where lots delta will get settled due to last month's expiring options & from Nov 22's failed sucker rally options.
Would rather not over-share the method to this at this point. Just look at my previous posts on $GME and decide for yourself. When bashing for whatever reason at least please keep the language civil in the comments.
At the same time here's a screenshot of something and no explanation what it is or a direction prediction so that i can appear cryptic and smart like others do. imgur.com/bp6Twix
Jk imgur.com/Z0yRhJK Dip before the rip on the 6'th probs will be caused by today's CPI thing.
Keep in mind that this even is market wide but it only manifests as 1 sudden big spike on very few stocks. Some of the other stocks i'm analyzing with the method i analyze say that this is the bottom whilst GME says there's another dip spike before the 6'th. I've decided to ignore this dip and i've gone ahead and bought risky options not GME but another stock with a similar but even better setup that i believe will spike even higher than GME on this run. I won't be posting my position in said other stock here not to get inversed by highly regarded folk.
Regardless, there's money to be made on GME.
The safe space is with 9 Dec 24c's (-100% or +200% return)
Mixed Risk is: 9 Dec 24c's & 29c's (-100% or +450% return)
Yolo / LFG: 9 Dec 29c's (-100% or +800% return)
Stay safe. There's mixed signals on the data i'm seeing whether there will be a dip before the rip in the next few days or today. I'm betting there won't be one, but i'm a fool. A good trader would wait for that dip.
This has nothing to do with earnings or fundamentals. It's purely a market mechanic trade.
The delta from expiring/exercised/rolled monthly expiring options from the end of the month will always hit the market on the usually first Tuesday of the next month.
Dec 6 is the date where lots delta will get settled due to last month's expiring options & from Nov 22's failed sucker rally options.
Would rather not over-share the method to this at this point. Just look at my previous posts on $GME and decide for yourself. When bashing for whatever reason at least please keep the language civil in the comments.
At the same time here's a screenshot of something and no explanation what it is or a direction prediction so that i can appear cryptic and smart like others do. imgur.com/bp6Twix
Jk imgur.com/Z0yRhJK Dip before the rip on the 6'th probs will be caused by today's CPI thing.
Keep in mind that this even is market wide but it only manifests as 1 sudden big spike on very few stocks. Some of the other stocks i'm analyzing with the method i analyze say that this is the bottom whilst GME says there's another dip spike before the 6'th. I've decided to ignore this dip and i've gone ahead and bought risky options not GME but another stock with a similar but even better setup that i believe will spike even higher than GME on this run. I won't be posting my position in said other stock here not to get inversed by highly regarded folk.
Regardless, there's money to be made on GME.
The safe space is with 9 Dec 24c's (-100% or +200% return)
Mixed Risk is: 9 Dec 24c's & 29c's (-100% or +450% return)
Yolo / LFG: 9 Dec 29c's (-100% or +800% return)
Stay safe. There's mixed signals on the data i'm seeing whether there will be a dip before the rip in the next few days or today. I'm betting there won't be one, but i'm a fool. A good trader would wait for that dip.
Trade closed manually:
Womp Womp Womp.
Trade active:
Opened new $27.5c and $28c for next week. This dip is a good sign for something happening tomorrow e.g Dec 6 -+1.
My entire port is on SPY Puts except for a tiny fraction which is on GME calls for next week to target tomorrow's possible move up. GME is my hedge. Not gambling here.
My entire port is on SPY Puts except for a tiny fraction which is on GME calls for next week to target tomorrow's possible move up. GME is my hedge. Not gambling here.
Trade active:
Got a PT of $28 after earnings. Keep in mind this sucker might start pumping from $22 or $23 so... be safe where you enter.
Keeping my $27.5c's as a hedge for next week for tomorrow's possible action.
Keeping my $27.5c's as a hedge for next week for tomorrow's possible action.
Trade active:
Added several more $25's.
Trade active:
I'm mega in with shitload of $25's. Unless there's more dip and more IV capitulation, i think it's too late to get in.
I think we're gonna see the thing on Dec 21. see you then.