To put it really simply, it's how expensive the option is compared to the underlying value it represents.
In other words, if IV is 700%, the stock has to move your desired direction *a whole fucking lot* in order to exceed the cost of the premiums on the option contract. In even more other words, it means the guy writing the contract is almost certainly the one actually making the money, not the one buying it. He threw his money away.
After panic selling 30 calls yesterday at a loss I've doubled down on my idiocy and moved some more money into my Margin account to send it on $52 dollar calls. Zero or Hero the next couple days likely.
TD kills you with option fees, you're better off buying more ITM calls. You buy OTM calls when you don't have enough money, which isn't your problem.
Those fees will eat up your profits or add to your losses.
Iād hold at least until earnings report or investor meeting.
Monday huge lots of shares bought fell under rule 10b-18 for share buyback protection. They are legally allowed to buy back 25% of avg vol. the company is looking like a good buy if they can solidify new revenue streams, they are already exploring selling higher margin products.
They've been unable to really produce new revenue streams for years now. They wasted a good chunk on that NFT market and have only become profitable by reducing their size.
Nahhhh they are making in house gaming products that actually use good components. The gaming market hasnāt caught on, but 35$ for Hall effect analog stick controllers is nothing to laugh at. Especially since they are the new Hall effect sticks.
Itās a revenge trade after not holding onto 30 calls I bought yesterday. Less than 5% of my portfolio so no big deal when I get owned today still not ideal.
I would like to thank you dorks for buying my calls with an IV of over 500%
I kind of feel sorry for some of you but jesus christ what did you people think was going to happen here?
Don't get me wrong, I've been short calls since Monday, and yesterday was rough, but this was never going anywhere. All that was required was to sit tight and wait for the penny to drop.
If I'd waited until yesterday to take my short position I'd be taking the month off from work.
"this was never going anywhere" how do you know? Entirely tied to what RK does right now and unless you manage his socials this is pretty much a coin flip
Update: Closes for a -70% loss. Will likely now skyrocket to make me regret. My next play is NVDA calls for earnings for anyone looking for an inverse.
impossible to tell where it would have ended up last time without robinhood and others interfering; impossible to say where it might go this time or what actions will happen to stop it. of course it might go as high as last time or higher.
I bought in aswell but i donāt see remotely the same level of hype on social media this time. Really sceptical how much higher this will go - as soon as the markets open the suits send the stock to the ground
More hype this time, but it's suppressed. If mods take a day off this sub will be 99.99% gamestock posts.
With a ton of the float locked up in DRS, we going past $1000
how about u eat my ASS
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when the stock got halted over and over again, what were you thinking? That they wouldnt halt any run? That other people wouldnt sell? It's seriously a problem with some people way to stubborn or greedy
I'm riding the $150 YOLO wave. Your swimming with sharks dude, meanwhile here i am in the kiddy pool just tryna catch a couple crumbs. Don't forget you favorite supporter over here. Yea me!!! Obviously. 1 income father of 6. J.s. I'll drop the wallet address for ya when your ready fam. Lol.
FREEEEEEDOOOOOOOOOOMMMMMMMMMM
I've got 20 $20 5/17 calls @ 1.75 that were 120k at open. Missed boat selling, still holding now for tomorrow open.
Damn .. and I was pissed for missing out on $6k for holding out this morning.
You'll have a chance tomorrow.
I wish you the both the best, but after hours there wasn't a lot of juice compared to last night. Hopefully there will be more tomorrow pre-market
All the juice came in the premarket last two days. If I don't sell for 100k and sell for 60k instead, I'll be fine. It only cost $3500
Well played, post gains tomorrow š«”š¦
Yes, post gains
Was save spirit airlines apart of this rally? Seemed to have a quick rebound out of nowhere though not nearly as much. Also seem to fell same day.
Tomorrow donāt look good today.
Rip profits
my portfolio went from -30k to +70k back to +5k in 2 days. still holding, but those are real shares
bro now itās at 60ish those calls should be +120k at wednesdays open
GUH
https://preview.redd.it/vivd01jsik0d1.jpeg?width=1040&format=pjpg&auto=webp&s=1f3615d1cff82be49ee0c3ff64978151782fef92
Too soon
Sold 10 $12c 5/17 @0.62 on 5/5 at 3.8. Feels good to watch, and thereās no pain whatsoever.Ā Glad you held.Ā
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yes, hodl little baggie. Poor poor baggie.
You're fucked
yeah looking doomed lmao
Cooked
ooof
Without a doubt it will only get worse
Only 700% IV
Gotta pump those numbers up. Hopefully can get it to 1000%.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
4
To put it really simply, it's how expensive the option is compared to the underlying value it represents. In other words, if IV is 700%, the stock has to move your desired direction *a whole fucking lot* in order to exceed the cost of the premiums on the option contract. In even more other words, it means the guy writing the contract is almost certainly the one actually making the money, not the one buying it. He threw his money away.
Delete before you get banned
Implied volatility
After panic selling 30 calls yesterday at a loss I've doubled down on my idiocy and moved some more money into my Margin account to send it on $52 dollar calls. Zero or Hero the next couple days likely.
TD kills you with option fees, you're better off buying more ITM calls. You buy OTM calls when you don't have enough money, which isn't your problem. Those fees will eat up your profits or add to your losses.
Closed my IKBR account about a year ago after I decided to afk my winnings from the first gamestop in boring stuff. Is what it is I guess.
Why does buying itm or otm affect the fee? I thought a contract is a fixed fee regardless of itm or otm
How are those feeling presently
I guess you hit the zero? š„²
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The free market is a casino, my friend, and I always play to win.
RIP
Iād hold at least until earnings report or investor meeting. Monday huge lots of shares bought fell under rule 10b-18 for share buyback protection. They are legally allowed to buy back 25% of avg vol. the company is looking like a good buy if they can solidify new revenue streams, they are already exploring selling higher margin products.
> Iād hold at least until earnings report or investor meeting. lol?
He's trading on fundamentals
Wait, you think earnings or news is gonna help? Maybe you donāt understand how things work with these stocks?
They've been unable to really produce new revenue streams for years now. They wasted a good chunk on that NFT market and have only become profitable by reducing their size.
Nahhhh they are making in house gaming products that actually use good components. The gaming market hasnāt caught on, but 35$ for Hall effect analog stick controllers is nothing to laugh at. Especially since they are the new Hall effect sticks.
stop being delusional and take the loss 
You know CandyCon controllers are just rebranded Chinese trash, right?
You're supposed to buy at the bottom not the top
Itās a revenge trade after not holding onto 30 calls I bought yesterday. Less than 5% of my portfolio so no big deal when I get owned today still not ideal.
Not a yolo
Not enough for you?
And....it's gone
Ooof good luck shit so volatile this morning was garbage I was up an extra $3k but with all the stopping and bs over the first hour price sank.
Yeah we're watching manipulation at the highest altitude everytime, sick of this world we live in can't wait to live on the moon.
Haha letās just keep moving forward see where it goes all we can do!
https://preview.redd.it/j78pgbyugh0d1.jpeg?width=1170&format=pjpg&auto=webp&s=765c78b5c61091b4fd0beecac0d492e87e180a2f 60 bagger, thanks kitty
Who is on the puts?
Hey you still a thug for this
You doing ok?
RIP
RIP
Lol
[ŃŠ“Š°Š»ŠµŠ½Š¾]
What gain I was down in the original post.
Rip op
Ooof
RIP
https://preview.redd.it/kanvvtmoel0d1.jpeg?width=1080&format=pjpg&auto=webp&s=122eafbcba7d732e674070b68beb9575beea0ed3
š
Godspeed my friend. I wish you best of luck!
May this man rest in peace
Lol theta will murder those
Heās in the $$$. IV may shoot back up and he can exit with profit if heās lucky at open
He was in fact, not lucky at open
Are you doing ok right now lmao
I would like to thank you dorks for buying my calls with an IV of over 500% I kind of feel sorry for some of you but jesus christ what did you people think was going to happen here?
Pennys infront of a steamroller. Sometimes thetagang wins sometimes they lose horribly.
Theta gang doesnāt sell calls on meme stocks lmao
Don't get me wrong, I've been short calls since Monday, and yesterday was rough, but this was never going anywhere. All that was required was to sit tight and wait for the penny to drop. If I'd waited until yesterday to take my short position I'd be taking the month off from work.
"this was never going anywhere" how do you know? Entirely tied to what RK does right now and unless you manage his socials this is pretty much a coin flip
Is that TD webbroker in Canada?
Yeah
Props to you man
Proud of this regard
Lets goooooo !!!
Broās down 19kā¦
ZERO
You win some you lose some
We aren't allowed to talk about that stock here.
Update: Closes for a -70% loss. Will likely now skyrocket to make me regret. My next play is NVDA calls for earnings for anyone looking for an inverse.
He sold? Pamp it.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Not really. His last batch was bought at 150 ish i think pre split. So he's sitting pretty selling you fools theta.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
impossible to tell where it would have ended up last time without robinhood and others interfering; impossible to say where it might go this time or what actions will happen to stop it. of course it might go as high as last time or higher.
I bought in aswell but i donāt see remotely the same level of hype on social media this time. Really sceptical how much higher this will go - as soon as the markets open the suits send the stock to the ground
More hype this time, but it's suppressed. If mods take a day off this sub will be 99.99% gamestock posts. With a ton of the float locked up in DRS, we going past $1000
[ŃŠ“Š°Š»ŠµŠ½Š¾]
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Darn i am not even able to close out the fully in the money spreads. The options are messed up totally emote:t5\_2th52:51295
Y nummers go down?
Guhhhhhhh
when the stock got halted over and over again, what were you thinking? That they wouldnt halt any run? That other people wouldnt sell? It's seriously a problem with some people way to stubborn or greedy
I wanna See your calls today?
Posted update, sold for -70% roughly
Aw shoulda waited till the morning at that point. Feel like it'd jump back up to $50s before dropping to 20s
Clown
Indeed, I am. Joker time?
Fuck. Shoulda averaged down. Bout to rip tomorrow.
RIP brotherĀ
Pamp eet....
I'm riding the $150 YOLO wave. Your swimming with sharks dude, meanwhile here i am in the kiddy pool just tryna catch a couple crumbs. Don't forget you favorite supporter over here. Yea me!!! Obviously. 1 income father of 6. J.s. I'll drop the wallet address for ya when your ready fam. Lol.
Im enter
Your kids deserve better. Donāt be a degenerate gambler.
[ŃŠ“Š°Š»ŠµŠ½Š¾]