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  • Daily discussion AMC 07 June

     Curunir updated 1 year, 3 months ago 2 Members · 5 Posts
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  • Curunir

    Member
    June 7, 2021 at 9:39 am

    Happy Monday, Apes.

    Came out strong this morning as expected and already pushing broke over $56 briefly.

    I’d love to see us tease the $70 zone again like we did last week. That will create a lot of discussion and market excitement. Pretty sure we’re going to be fighting a lot in the $55 – $58 range today though.

  • blue-moves

    Member
    June 7, 2021 at 10:16 am

    I can’t do any more fighting today – all the money’s gone..
    I just spent it on another bunch of cinema tickets 😉
    all I can do now is watch the movie and hope it’s the best goddam movie I’ve ever seen 😀

    • Curunir

      Member
      June 7, 2021 at 10:52 am

      Pretty much the same.

      As we move into next week and some of my early options start getting close to expiry I’ll be exercising some for sure. One batch is 15 Call Options ( 1500 shares ) at $14 that I absolutely plan to exercise (bought for $0.80 at the time 😆). Some of the others will be based on what the value is as we go into next week.

      • blue-moves

        Member
        June 7, 2021 at 11:07 am

        Damn son! For a retard.. you pretty clever! 😀

        (great job! congrats ✊)

        • Curunir

          Member
          June 7, 2021 at 11:49 am

          I was starting to mess with Options back in Feb, using some of Matt’s cringy old videos and a couple other references. So I had an idea of what I was doing from a technical.

          Then in April when info was beginning to come out about how this may explode it seemed like mid-June was a safe target for $14. We were still < $9 at the time. I honestly was hoping we may be as high as $20 when the time comes and I’d roll them forward. Then all the catalysts started to align.

          My other big batch are 30 Calls @ $40 for the same day. If we’re hot enough (about $90) when I sell that batch I’ll exercise a few of those as well for the cheaper cost. Some of the remaining profit will be sent over to another trading account to buy real shares there. I’m going to mix these efforts because the MM behind my Calls would have already purchased to cover and therefore no additional buy pressure if I just exercise. But I also don’t want to loose out on some shares at $40 when new ones are going to cost 2x or more.

          And everything else goes into another set of calls a couple weeks out.

          Opportunities multiply as they are seized.

          -Sun Tzu

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