This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Definitely a possibility. On the other hand GME is one of the few companies out there with a legitimate catalyst coming in the second half of the year.
Not exactly. I was initially focused on Jan ‘21 and then started diversifying my strikes late last year. My latest purchases were actually the Jul ‘20 6s.
Thanks - if all goes to plan liquidity will rise to an adequate level for averaging out.
I averaged into the Apr ‘21 contracts over a few months.
Yes I took some profits the same day as Burry as it turned out. I’ve been buying the recent dip - new strikes/expirations.
If you look at my old posts, you'll see I've been buying into them since June 2019. The most recent purchases were in February 2020.
Thanks. Still early though.
E-Trade calculates gains based on the average of the bid/ask, not the last price.
Subreddit
Post Details
- Posted
- 4 years ago
- Reddit URL
- View post on reddit.com
- External URL
- i.redd.it/eseean5mj0w41....
The business is easily worth $700m, but could be worth up to $1.5b. So somewhere in the general vicinity of that range.
Plus there’s now an opportunity for a short squeeze of some sort, though that was never a part of my original thesis. I still think it’s unlikely but when the shorts exceed the float the possibility needs to be factored in.