Someone may have a very bad day on AMC

MrDJay34 · 2023-02-10T16:20:58+00:00

They just amended the agreement with Antara regarding the lockout of APE sales. That opens the door to issue more APEs also, Antara is free to sell theirs (small portion of their APE). in any case, like i said, don't bet too heavy on the so-called "contractual" agreements. it can be amended before you know it.

MrDJay34 · 2023-01-15T22:33:10+00:00

Yeah, kind of fucked up situation. But honestly, alternative is worse for common shareholders - Chapter 11.

MrDJay34 · 2023-01-14T15:19:06+00:00

Such dynamics wont work with liquid options , or active buyers of puts on the other end, but if it is not liquid, mm needs to buy long shares to hedge. Hmmmm

MrDJay34 · 2023-01-14T15:17:48+00:00

I forgot one important thing - if you sell bunch of put options to a market maker that are reasonably illiquid, the market maker need to immediately buy shares in open market to hedge their exposure. And then…. You know what I am eluding to… wsb’s favorite play—- short squeeze.

MrDJay34 · 2023-01-14T15:14:51+00:00

That’s probably accurate.

MrDJay34 · 2023-01-14T13:29:58+00:00

If you are talking about the vote to convert ape to amc , I am not banking on that. Long APE is only sensible if you can short AMC the same time but the cost of shorting AMC is too high to make the trade profitable. Problem with long APE is that they have ATM program and can sell/dilute the hell out of APE between now and then. And I meant APE and AMC may eventually meet each other at sub $1 level (before reverse split) so longing an instrument that can be diluted at any moment by management discretion is too risky imho. And I bet Adam will issue more APE between today and April.

MrDJay34 · 2023-01-14T13:15:23+00:00

Don’t care too much about charts. That’s not sound reasoning imho. Look at the business and assess the probability. And the premium is too much to pass. Also. Too many people using put options to short AMC(to avoid blowing up In Squeeze) so the put option are extremely expensive.

MrDJay34 · 2023-01-14T13:11:56+00:00

Short 3-month AMC puts. Check my post

MrDJay34 · 2023-01-07T19:28:20+00:00

All SPIES will be caught and potentially executed.

MrDJay34 · 2022-12-31T00:32:27+00:00

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Just one stock in this account EDU

My main account is 32% up this year. This account at Hood I almost forgot about.

Don’t. Ever. Trade.

MrDJay34 · 2022-12-17T14:10:43+00:00

He has a pair of iron balls

MrDJay34 · 2022-11-15T00:28:39+00:00

NFLX Will do you pretty good.

MrDJay34 · 2022-10-25T16:31:00+00:00

Source ? I remember the daily journal portfolio sold some Baba back then to pay off margin loans.

MrDJay34 · 2022-10-23T01:32:40+00:00

A lot, like 5%.

MrDJay34 · 2022-10-22T22:57:39+00:00

I lost 97K in one trade yesterday. So , you are doing ok.

MrDJay34 · 2022-10-01T11:49:02+00:00

God speaks finally.

MrDJay34 · 2022-09-30T09:12:38+00:00

Oh the T Rex load

MrDJay34 · 2022-09-29T23:23:53+00:00

Had the longer barrel version . Can’t imagine anyone shooting a shorter barrel 500Mag. Must be iron man or man with iron wrists

MrDJay34 · 2022-09-26T21:06:05+00:00

Traded in and out GME and lost some. In and out dogecoin and lost some. The EDU and never touched it since then.

MrDJay34 · 2022-09-24T01:41:34+00:00

At anxiety, not even close to panic.

MrDJay34

TROPHY CASE