AMC

Related:
Create New Tag

6/10/2021 5:31 PM

Anyone buy some more shares with this dip? I got n fairly early thanks to you guys so $43 seemed a high price to pay today but I couldn’t resist. I’ve been doing some reading on this and don’t see it going anywhere but up n the long run.

|

6/11/2021 5:21 AM

If we can keep it above $40/share through the 18th of this month we'll be in good shape.

|

6/11/2021 9:54 AM

ratbeagle139 wrote:

If we can keep it above $40/share through the 18th of this month we'll be in good shape.

How so?

|

6/11/2021 10:37 AM

ratbeagle139 wrote:

If we can keep it above $40/share through the 18th of this month we'll be in good shape.

Markee wrote:

How so?

Yes, please explain…I’m sitting way up in the cheap seats.

|

6/11/2021 10:58 AM

ratbeagle139 wrote:

If we can keep it above $40/share through the 18th of this month we'll be in good shape.

Markee wrote:

How so?

Stephon wrote:

Yes, please explain…I’m sitting way up in the cheap seats.

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ mark with 6/18 expirations. Reason being is MM's probably didnt hedge themselves appropriately prior to the run up, forcing them to buy shares to cover the contracts.

I hate to say it, but 99.99999% of the "DD" you see on AMC/GME/ ect are people regurgitating fallacy's and stuff they heard or read on WSB. That sub has gone to dog poo. And this is from somebody who made out well on GME. Go searching for DD on the bear thesis because it seems like its few and far between online for anything other than confirmation bias.

|

6/11/2021 11:19 AM

Markee wrote:

How so?

Stephon wrote:

Yes, please explain…I’m sitting way up in the cheap seats.

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To Delivers which is going to trigger a large gamma squeeze which quite possibly could actually start the real squeeze. We shall see.

|

6/11/2021 12:03 PM
Edited Date/Time: 6/11/2021 12:04 PM

Stephon wrote:

Yes, please explain…I’m sitting way up in the cheap seats.

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

I dont know the answer, but you are pushing this so maybe you can enlighten me-

Such a small percentage of people are actually going to exercise those calls. Dont they just end up back in the MM's hands esentially hedging themselves? They sold the calls, and if we assume they were naked, and now they have them back, they've closed. I dont know , thus why i'm asking, I dont sell naked calls or puts LOL.

Also, Have you been buying shares in the 40/50/60/70$ range? If so, what is your cost basis?

|

6/11/2021 12:41 PM
Edited Date/Time: 6/11/2021 12:52 PM

Stephon wrote:

Yes, please explain…I’m sitting way up in the cheap seats.

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the shares?

|

Instagram: vanillaice782
Amateur helmet painter

6/11/2021 1:24 PM
Edited Date/Time: 6/11/2021 4:13 PM

Stephon wrote:

Yes, please explain…I’m sitting way up in the cheap seats.

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

Zycki11 already answered my thought exactly. IF..we’re going to see a legit short-squeeze, the expiry on this load of call options should be our kickstart. Next week’s probably going to be a ride to try and throw us off, worth not selling just to see what happens IMO. Could be close to something big, could just end up being $25-$35 share at which point most of us still did pretty well.

|

6/12/2021 11:21 AM

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

dmm698 wrote:

I dont know the answer, but you are pushing this so maybe you can enlighten me-

Such a small percentage of people are ...more

It would force the hedges to cover. Even if people roll them into a new option it won’t matter. With that large volume it’s going to hurt them.

|

6/12/2021 11:23 AM

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

You have the option to roll it or turn it into shares. At this point I would turn it into shares. Options are good for liquidity to buy shares. But it doesn’t help the buying pressure on shares. That’s what we need for the short squeeze. Buying pressure that creates FOMO

|

6/12/2021 5:38 PM

I rode it from 13 to 64, I’ll watch from the sidelines unless it drops to the low 30’s for another swing.

|

6/13/2021 11:46 AM

Well, this is going to get very interesting this week. The federal government is also repoing the $720 billion they lent the banks for covid starting the 24th.

|

6/13/2021 11:57 AM

Zycki11 wrote:

Well, this is going to get very interesting this week. The federal government is also repoing the $720 billion they lent the ...more

I think if the hedge funds weren't able to hold the line on a Friday and it actually gained then we should be in for a good week. Who knows though? Maybe they're saving all their ammo for when so many calls expire next Friday.

|

Instagram: vanillaice782
Amateur helmet painter

6/13/2021 3:59 PM

You guys getting into CLOV at all? I have a little for investing when the markets open and was curious on your thoughts on that one.

|

6/13/2021 4:11 PM
Edited Date/Time: 6/13/2021 4:12 PM

KennyT wrote:

You guys getting into CLOV at all? I have a little for investing when the markets open and was curious on your thoughts on ...more

I’m focused on amc at the moment. When that plays out I’m sure something else will be going at the time.

I think CLOV is a distraction. It’s a pump and dump stock

|

6/13/2021 4:56 PM

Zycki11 wrote:

I’m focused on amc at the moment. When that plays out I’m sure something else will be going at the time.

I think CLOV is a ...more

I think so too. Every day last week there was some stock that they were saying was "a reddit short squeeze" it was propoganda, just my amateur opinion after the great squeeze of GameStop in 2020. AMC volume went way down when they were distracting people with those each day.

|

Instagram: vanillaice782
Amateur helmet painter

6/13/2021 4:58 PM
Edited Date/Time: 6/13/2021 4:58 PM

This week will be pivotal. keep HODLing. This is not investment advice. I'm a dumb ape and I don't know what I'm doing Photo

|

Instagram: vanillaice782
Amateur helmet painter

6/13/2021 6:12 PM

KennyT wrote:

You guys getting into CLOV at all? I have a little for investing when the markets open and was curious on your thoughts on ...more

Zycki11 wrote:

I’m focused on amc at the moment. When that plays out I’m sure something else will be going at the time.

I think CLOV is a ...more

smashingpumpkins167 wrote:

I think so too. Every day last week there was some stock that they were saying was "a reddit short squeeze" it was propoganda, ...more

I may get a little more AMC this week if it dips below 50

|

6/13/2021 7:04 PM
Edited Date/Time: 6/13/2021 7:22 PM

KennyT wrote:

I may get a little more AMC this week if it dips below 50

I might be trying to get some .50 options. I saw this one and almost shit myself... $2600 for the right to buy 100 shares at .50. Averages out to about $25 per sher. Then it refreshed and the price tripled. If it took off it would be a huge upside. I might keep looking at these if it goes down. I'm always cruising for a good option deal on red days. Photo

|

Instagram: vanillaice782
Amateur helmet painter

6/14/2021 4:58 AM

dmm698 wrote:

I haven't looked at the technicals, but i'm sure his thought process has to do with the # of O/I on call's up through the 40$ ...more

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, and with volatility high, you'll get much more than 100*strike that you would just exercising to buy shares. Then once you sell the option , buy shares if thats what you'd like to do.

IE: 6/18 40C, underlying price is say 50$, you have almost 10*100$ in intrinsic, and then some extrinsic amount (built of theta and volatility). If you exercise, you lose the extrinsic value, and just get the intrinsic value. So you'd own the 100 shares at 40$, but you probably gave up the couple hundred in extrinsic value. Thats why sell it and buy shares.

I get a kick out of the "everything else is a distraction!". It screams, buy what i've already bought, who cares if you're a bag holder.

Folks calling UWMC a distraction, when its a legit company, thats way undervalued and has a heavy short interest with multiple catalysts. Disclosure, i've already exited my position, 400+% on calls. And the options were extremely cheap, like 0.10$/contract over the underlying price on options that were ITM with 2 Weeks until expiration.

|

6/14/2021 6:30 AM

BOA has 700k shorts publicly on CLOV. It’s FUD.

|

6/14/2021 7:02 AM
Edited Date/Time: 6/14/2021 7:03 AM

dmm698 wrote:

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, ...more

It's pretty much exactly the same profit as it would be if I just had the shares. I'm up $3000 on it and if I had 100 shares at $20 and I'd I had the shares I would be up right st $3000. I figure if we squeeze and go higher then I have a chance to make more off those 100 shares. If I sell it to buy shares then I'm at a much higher price for those shares

|

Instagram: vanillaice782
Amateur helmet painter

6/14/2021 8:56 AM

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

dmm698 wrote:

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, ...more

smashingpumpkins167 wrote:

It's pretty much exactly the same profit as it would be if I just had the shares. I'm up $3000 on it and if I had 100 shares ...more

It’s best to sell and buy shares with it. Buying the shares creates buying pressure. The hedges want you to buy options because it gives them a chance to get money back. If you have options don’t make it your portfolio. 80/20 stocks to options rule.

|

6/15/2021 5:38 AM

Zycki11 wrote:

Yep. Options expiring in the money June 18th (450,000) of them means they are going to have a massive amount of Failure To ...more

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

dmm698 wrote:

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, ...more

I think I need an interpreter for this one. sideways

|

HAF

6/15/2021 7:16 AM

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

dmm698 wrote:

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, ...more

ns503 wrote:

I think I need an interpreter for this one. sideways

My abilities are pretty stretched at symbol - quantity - buy - sell 😂

|

6/15/2021 7:59 AM
Edited Date/Time: 6/15/2021 8:00 AM

smashingpumpkins167 wrote:

Hmmm, maybe I should execute my 18th call a little early then. What happens if I let it expire in the money? Do I just get the ...more

dmm698 wrote:

if your call is well ITM, sell it. Like, Monday AM if its well ITM as you still have a week of theta built into it as premium, ...more

ns503 wrote:

I think I need an interpreter for this one. sideways

If your call option has made you money sell it - don’t take the shares because with the money you make selling the contract(option) you can still buy 100 shares on the open market and have money left over. The longer you wait until the call date the more money you potentially lose because the time value is going down(theta) as in less days to the date = less money for the contract.

The man likes UWMC stock, made a 400% gain on some options but currently has no position in it.

|

6/16/2021 9:30 PM

For those of you that go on Reddit’s AMC forum. What is the talk amongst posters projecting $500,000? I mean they can’t be serious. Where do they think that kind of money would come from? Don’t you think a more realistic goal of “going to the moon” would be n the $200-$300 range? Shit,
I’d be stoked if it ever got to triple digits….6 figure seems beyond absurd

|

6/17/2021 5:11 AM

KennyT wrote:

For those of you that go on Reddit’s AMC forum. What is the talk amongst posters projecting $500,000? I mean they can’t be ...more

I'm pretty sure firms would take the securities fraud convictions before buying those options, lol.

|

I can do anything, I'm an expert.
MotoTribology.com - Motorcycle Lubrication Education

6/17/2021 5:32 AM

KennyT wrote:

For those of you that go on Reddit’s AMC forum. What is the talk amongst posters projecting $500,000? I mean they can’t be ...more

MotoTribology wrote:

I'm pretty sure firms would take the securities fraud convictions before buying those options, lol.

Even if they did, they would be forced to buy the shares real and synthetic back.

As for the $500,000 floor. I mainly look at it as continue to buy and hold and don’t sell at least until they cover. Personally? I’m going to sell on the downtrend after a couple days. Nobody has any idea what the price per share will be. Butttttt theoretically, it’s doable.

|