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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%4:00 PM EST
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To: Follies who wrote (167629)2/4/2021 7:26:35 PM
From: TobagoJack  Read Replies (1) of 219909
 
Re <<safely>>

Following up the last GME trade Message 33178110
<<Reinvesting’ some of the outrageous giggle gains made here ...>>

the trade that was done 2:30ish Wednesday, long GME in a negative way when the equity was @ ~100 and I was 'investing ' in the Feb 19th Put strike-17 @ 97 cents, the trade is going in the correct direction a day into the battle and w/ 2+weeks to still go.

Am unsure that the GME price would breach 17 to the down side as it is still at a healthy 50+, but the puts are showing unrealised profit, a good trending.

To the extent that my actions help to uphold the rationality of the free market place, all good, as by the earlier profitable actions on the long side I was also trying to be helpful by helping self Message 33168520

<<Net-netting 5.57, increasing profit to date to 34.65 + 5.57 = 40.22 per share, risk-less, but obviously underperformed a straight forward equity buy, never-mind a straightforward-er Call buy.
Lesson? In a vertical market, just buy any call option and then take a nap.>>
Needless to say, would like to have yet another go at GME should the current rearguard action work out. Another halving of GME can easily happen, but so can a doubling. Very exciting.

Unsafe? Not exactly.



finance.yahoo.com

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