Okay so I need somebody to help me decide lol

Should I

a) Take my 2.69 premium and roll to a higher contract with same expiration (12/19 $25 -> 12/19 $35)
Roll to a later date at a higher strike (12/19 $25 -> 3/5 $30)
c) Roll to a later date at the same strike and put my premium into another investment (12/19 $25 -> 3/5 $25 + $130)

Not inclined to take C since that's not a lot of extra premium and I don't see price going down for a while, but it is an option.

I’m holding blackberry & Nokia stock. What year is it ?

I dumped the 40 one and am going for 60 instead. Still waiting for it to be executed :-/

buying amc again

lmao

So one of the reasons why the market is down big today aside from the Fed's "moderated growth" language is the fact that some of the shorts lost so much money that they are actually being forced to sell out some of their long positions. I mean GME alone was 6+ billion and there are other heavily shorted names that are pumping the last few days.

It kind of sucks as this is dragging my long positions down. Have names down 3-5% on no news lol.

I was suspecting this lol, but didn't have confirmation.

Yeah, I think Melvin's next big "must sell" points comes Friday. If no one sells off, then Melvin is forced to buy at the price on Friday (for the number of shares due under contract that day). I don't see Melvin surviving this, despite that influx of cash from Citadel.

Somebody did a back of the envelope calculation on WSB and anything above like $130 wipes them out even with relatively generous assumptions.

I'm seeing stuff on MarketWatch saying that they and Citron supposedly closed out their short positions, and that GME is still at a 58% short position after that. If that's the case, they're not only done, but whatever bank backing them is in a world of hurt, as well, as they would have cleared their positions at well over $300.

https://www.marketwatch.com/story/gamestop-and-amc-stocks-soar-on-another-day-of-wild-trading-in-heavily-shorted-companies-11611775450

This post was edited by Surfpunk on Jan 27 2021 03:38pm

I also bought NAKD on my millennial hipster younger cousin’s professional advice

End of day 1.29

This post was edited by Bazi on Jan 27 2021 03:40pm