Like many of you whippersnappers, I started trading GME around the first runup back in January.
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Remember when Robinhood had bugs like this? Actual gain peaked around \~40k
After substantial emotional devastation, I woke up to protect the world from devastation.
That was until about a week ago, when this bad boy walked in like a dime piece getting ready to make some change.
I bought in today and ended up at $5.72 for 11 11/5 calls at $250.
Admittedly, I'm definitely but my ego won't let me believe it probably early, but I haven't seen anyone post about this and I really do think it's meaningful.
You have the market going endlessly higher with no problems in site. Mass inflation that J powel just confirmed isn't going to be stopped if the markets throw a hissy fit. You have a cult fanbase of people that won't sell shares, ala tesla. And best of all, once again, it's breaking the major downtrend.
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Buy next Monday if you don't want to pump my calls, which are currently down about \~37% for transparency's sake, but I genuinely fail to see how this isn't significant. Sure there's a chance that we have a blood red correction back into the previous trend...but I found myself asking:
"Does the iv of this play align with my risk tolerance?"
Well this is WSB and I don't come to the whore house to cuddle. Of course it does.
What's a -100% loss when you can have zero infinite profit?
Please convince me this isn't the start of a breakout.
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https://preview.redd.it/w8nfcq2yfgx71.png?width=1151&format=png&auto=webp&s=8085ee94e3405279d80df1d7e825129ef38f6d8c