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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (167575)1/26/2021 3:07:45 PM
From: TobagoJack2 Recommendations

Recommended By
marcher
MulhollandDrive

  Read Replies (2) | Respond to of 217740
 
Re <<games>>

EDIT: A FEW MINUTES AFTER I POSTED ORIGINALLY JUST NOW, JUST NOW-NOW I REGRETTED HAVING ENGAGED WITH THE LATEST GIGGLE ON THE LONG-SIDE AND SO OFF-LOADED AT 61.00 FOR 100% GAIN, LEAVING THE INITIAL GIGGLE IN PLACE TO GENERATE MORE GIGGLES TO FEBRUARY EXPIRATION. NET-NET HAVE EXTRACTED (61 - 29.50 + 3.15) = 34.65 OF GIGGLES.





The 200’s are out, meaning there might be more and larger pain for the professionals as the retail army insurrection exacting casualties. Cannot short this crazed market without belt & buckling. Vol at 300+% for GME is very gamey.

Still for giggles, have just rolled the short GME Call 29th January strike-115 position to 5th February strike-120, and liberated another $9.55 from the cloud-ATM mechanism.

Together with the original $19.05 freed from somebody, tallies to 28.60 total loot, to finance the $25.45 sacrificed going long GME Call 19th February strike-115 position, which is doing well in the arena at the moment. Net net take home $3.15 should increase as the rolls again then once more.

There can be several more rolls until we extinguish the entire construct or go wildly naked one or another way. The house money is now all free for the taking and losing.

Not a clever game, but a fun game, like roulette w/ an automatic pistol, loaded w/ blanks only.

Only for giggles as opposed to laughs or chortles, and certainly not knee-slippers. But am wondering, why not?



The original trade initiation Message 33162722



The current long GME Call position (yes, I wished to add another giggle at 23.82, changed my anachronistic and prudent mind, regretted, got modern, swapped-in RobinHood mindset and asked for fill at 29.50. No harm done, as the giggles are at 50, giggling.






To: MulhollandDrive who wrote (167575)1/28/2021 8:01:38 AM
From: TobagoJack  Read Replies (1) | Respond to of 217740
 
Re <<melvin>>

Given that the word is a verb these days, am wondering who shall be tee-ed up to be Melvin-ed tonight at invitation of the Reddit mob.

I any case, following up on this trade Message 33165310 <<NET-NET HAVE EXTRACTED (61 - 29.50 + 3.15) = 34.65 OF GIGGLES>>, I rolled the short GME Call February 5th strike-120 (originally rolled from short GME Call January 29th strike-115) into short GME Call February 19th strike-125, and extorted 2.00 per share (213.94 - 211.94) for the treasury, before going to sleep and before setting up the NOK trade.

After waking up, I tried to buy LEAP Puts on GME to lock-in profit and try to get more profit Message 33167800 ... but was foiled from establishing new GME options positions.

Failing to do what I needed to do, and flush w/ loot, I acted to close out the GME trade so as to not overstay the welcome and before the law steps in per rule-by-making-up-rules, and ...

(1) closed / bought GME Feb 19 Call strike-125 at 249.43, and
(2) closed / sold GME Feb 19 Call strike-115 at 255.00

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.

Application of lesson? The one-day NOK trade Message 33168469 and it did not even require the shares to go vertical, and just a gentle tap on the accelerator resulted in free NOK shares, for the hoped for rocket ride.

I must try to learn fast, apply learnings faster, test out by giggles, quickly promote to laughs, and hope to graduate to chortles asap.

Even more important learning, that ‘they’ can and do shut down the market table by table, and should one’s financial life depend on functioning market in order to adjust risk-stance, one might as well be dead.

‘THEY’ PLAY ROUGH!!! AND ALL IN THE NAME OF “FOR THE GREATER GOOD”. ‘THEY’ CAN AND DO MESS ‘US’ UP JUST FOR A NOBODY NAMED MELVIN.