My previous target of $19.40 ish is almost there. The biggest loading zone is here. My entire port is now on GME calls.
No PT from here, i only know that $19.4 is an extreme support. If broken by a lot and for more than 1-2 days, god save us all.
No PT from here, i only know that $19.4 is an extreme support. If broken by a lot and for more than 1-2 days, god save us all.
Comment:
imgur.com/pPiGiKh
Comment:
I'm still in. The fact that SPY closed at $380.06 is good. The intraday low of $378 never mattered as long as at the end of the day we gravitated back towards $385 and into the $380 range which we did.
Waiting for today's EOD data to see what we should expect for tomorrow. Just from the looks of SPY, it's looking like we might gravitate back to $385 tomorrow...
But again, let's wait for the EOD data... can't say much until then.
Waiting for today's EOD data to see what we should expect for tomorrow. Just from the looks of SPY, it's looking like we might gravitate back to $385 tomorrow...
But again, let's wait for the EOD data... can't say much until then.
Comment:
Specifically for today:
-Based on the data, the whole market is reversing from down mode to crab mode (sideways).
-GME specifically also seems to be reversing from down to crabwalk.
Overall and long term view: Something huge has been happening to SPY/TQQQ since Aug and Nov this year that is similar to Aug 2020 - March 2021. A big dropoff and then big buildup. I still don't fully understand what it means in terms of direction, but it's really big.
GME:
imgur.com/vBKJpRc
SPY\TQQQ
imgur.com/8KNe9up
SPY/TQQ Longer Term
imgur.com/YqKFs5s
In my own opinion, today i think we're gonna go in the minus a bit, then maybe go barely positive. That'll be a good sign that reversal is occuring. If this happens, by tomorrow everything's green.
If not, then i need to wait for today's EOD data when the market closes to see whether this is actually the next leg down.
We'll know in a while. But to be honest people with shares are gonna be fine. People with options like me are the only ones that have to worry a bit.
-Based on the data, the whole market is reversing from down mode to crab mode (sideways).
-GME specifically also seems to be reversing from down to crabwalk.
Overall and long term view: Something huge has been happening to SPY/TQQQ since Aug and Nov this year that is similar to Aug 2020 - March 2021. A big dropoff and then big buildup. I still don't fully understand what it means in terms of direction, but it's really big.
GME:
imgur.com/vBKJpRc
SPY\TQQQ
imgur.com/8KNe9up
SPY/TQQ Longer Term
imgur.com/YqKFs5s
In my own opinion, today i think we're gonna go in the minus a bit, then maybe go barely positive. That'll be a good sign that reversal is occuring. If this happens, by tomorrow everything's green.
If not, then i need to wait for today's EOD data when the market closes to see whether this is actually the next leg down.
We'll know in a while. But to be honest people with shares are gonna be fine. People with options like me are the only ones that have to worry a bit.
Comment:
It's on. Here we go. I don't even need the EOD data to know this much.
Comment:
Checked EOD data for GME and the market overall, things are looking good for GME & really good for the market overall at least in the short term.
I think there's a good chance for an actual small SP500 rally in the short term (~5 business days) which is obviously good for most stocks.
I think there's a good chance for an actual small SP500 rally in the short term (~5 business days) which is obviously good for most stocks.
Comment:
I've cut plenty of high strikes and i've only left my ITM strikes in this play. Right now i've bought a bit of TQQQ, BYND, RBLX and other SPY sensitive names.
I've got 2/3 of my port in GME and the rest in other things in case GME gets shafted whilst the rest of the market moons.
I've got 2/3 of my port in GME and the rest in other things in case GME gets shafted whilst the rest of the market moons.
Comment:
If you're on Weeklies, RIP. I hope you got calls a month out or shares.
Comment:
If you're hoping to load up on options, I wouldn't suggest you try that right now. I personally wouldn't load up on shares either beyond these levels.
Trade closed manually:
I'm unloading. This is gearing up to be the lowest volume day ever for GME... I can see $16.4 being a thing now.
I'm out. with a tiny loss and back into SPY Puts.
I'm out. with a tiny loss and back into SPY Puts.
Comment:
EOD data has turned bullish for GME, the run is likely to happen. I don't like the rest of the market though as it's turning bearish.
Feels like another GME run into a dying market AGAIN.
Feels like another GME run into a dying market AGAIN.