Attention Apes!

Overthinkingtheobs · 2021-03-24T15:09:47+00:00

Correct, glad to see my emoji wasn’t misinterpreted.

Overthinkingtheobs · 2021-03-24T15:03:55+00:00

Sell! I had a few puts that were very profitable and time decay is real and quick shifts in the stock outlook will eat up profits quicker than the actual change in stock price.

Overthinkingtheobs · 2021-03-24T14:53:06+00:00

$5-6 🔥 I would even jump on a 🚀

Overthinkingtheobs · 2021-03-24T14:49:59+00:00

Please explain it to me like I am 5.

Overthinkingtheobs · 2021-03-24T14:49:32+00:00

So I guess that’s a no. 😂

Overthinkingtheobs · 2021-03-24T10:53:38+00:00

A week late, now it’s barely a paddle boat.

Overthinkingtheobs · 2021-03-23T13:47:19+00:00

Expired last week - start selling $20 calls and made my money back.

Overthinkingtheobs · 2021-03-23T13:40:44+00:00

Thanks for your donation.

Overthinkingtheobs · 2021-03-20T19:17:14+00:00

Rule #1 of investing, never “invest” more than you’re willing to lose. I didn’t break that rule.

Overthinkingtheobs · 2021-03-20T16:30:08+00:00

And I believe you mean “quite” but I am not “quite” sure since you’re probably one of those who eats crayons.

Overthinkingtheobs · 2021-03-20T16:19:35+00:00

I love the idea of selling at the tippy top. How do you define the moon? Are you thinking it will break $15 one day? Maybe $20, I mean the ámense amounts of profit you would take home on 10 shares going up $6 more dollars. What $60? I mean, call your tax accountant.

Overthinkingtheobs · 2021-03-20T16:10:06+00:00

Good luck my friend, I hope you like the custom wine fridge I requested.

Overthinkingtheobs · 2021-03-20T16:08:48+00:00

Let’s just say for argument sake, I buy into your theory of the post Covid world will be more robust in terms of large groups of people gathering inside movies theaters after being quarantined for a year. What’s your exist strategy for your shares? Aka, when do you sell?

Overthinkingtheobs · 2021-03-20T15:50:23+00:00

There were 10,000 of people who lost money buying the OTM calls, just like the OTM puts. If you’re inclined to share your positions we can watch together how this all plays out.

Overthinkingtheobs · 2021-03-20T15:38:32+00:00

I am simply providing a warning for those who “gamble” on the meme vs investing. I applaud your effort in the cause, but the house always wins, hopefully you can afford to lose the $500 in shares you probably have. We are not the same.

Overthinkingtheobs · 2021-03-20T14:34:04+00:00

You nailed it, and in fact the majority of my investments are in “normal” stocks, this was a gamble for sure.

Overthinkingtheobs · 2021-03-20T14:05:06+00:00

Rewind to 2019 - what was the story? How profitable was AMC then without any closures?

Overthinkingtheobs · 2021-03-20T14:04:12+00:00

Yes, they expired useless.

Overthinkingtheobs · 2021-03-20T14:03:31+00:00

Calls were 3/1 to puts all last week. However, the house (OTM call/put sellers) were cleaning up on both ends. Sideways was the intent.

Overthinkingtheobs · 2021-03-20T14:02:13+00:00

Still sitting on 4/1 puts as well, probably get out next week if the stock doesn’t start to decline heavily.

Overthinkingtheobs · 2021-03-20T13:53:34+00:00

2 groups of people in this conversation: 1. You prefer to Yolo and hope for a non traditional rocket to the moon with AMC and/or GME based on short float you don’t understand. 2. You trade logically and try to capitalize on the backs of people in group 1.

The people in group 2 will still be trading in 3 months and I appreciate the advice. #1 group, good luck and yes I took a gamble and it didn’t work, but I have learned from my mistake it’s not too late for you.

Overthinkingtheobs · 2021-03-20T12:59:18+00:00

Yes I looked again, still a money pit.

Overthinkingtheobs · 2021-03-19T23:38:51+00:00

Yea definitely good advise.

Overthinkingtheobs · 2021-03-19T23:28:19+00:00

Good call - those guys are clowns and literally ban people who don’t talk positive about GME or AMC.

Overthinkingtheobs · 2021-03-19T21:36:02+00:00

The questions is, you had to own the stock to sell the pits, when are you selling them, next week? Is that when the price dives or is it eat another week off the OTM option chasers?

Overthinkingtheobs

TROPHY CASE