He could see 50 happening, not realizing that’s more likely to be cents than dollars.
JFC buying $15K of Gamestop.
So he can get out now with about a 7k loss? Hit eject.
He already knows how to navigate bankruptcy, seems like a great plan.
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I tried to talk him into at least selling a covered call if he is holding. He isn’t options enabled so can’t.
I don’t think emotionally he is willing to accept losing half of all of his money and is praying for a miracle.
It’s not coming. The spike to 115 in the overnight is the last time it will be that high
He probably can’t file a new case for a while (8 years between chapter 7 cases) so his expertise won’t save him.
I tend to agree although I could see these stonks being somewhat range bound for a bit before the diamond hands crew finally capitulates.
I’m probably a moron also. I saw call prices sky high yesterday morning for cheap stonks and now have:
300 AMC at 8.90 a share. 2x15c and 1x12c Feb 12 sold against them for an average premium of 1.95/share and,
300 EXPR at 3.12 a share 3x3c Feb 19 sold against them at .98/share.
In 70 years we’ll all be dead. Lend him $ so he can buy more.
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Following a tastytrade play, sold a strangle on LAZR, March 50c and 22.5p for $3.7 credit
#ThetaGang
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Update on this guy, he (smartly, imo) sold right at open hoping there would be a surge and got out at $110ish for a $15k loss. Obv kicking himself after being up $250k at one point but I’m glad he got out now
lolol gme thread is full of people buying saying “bringing down that average”
imagine DCAing at $90
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You and me both man, everytime i buy something it insta tanks. I bought LMFA after-hours at like 2.90 and it went straight to 2 at opening 
damn, kinda sad to read that tbh. The last message especially. He needs to have some sort of exit plan. Maybe sell some X% now and then sell more based on whether it goes up or down, with a stoploss at 50 to sell everything. I’m sure selling is hard though because in order to put 15k into GME you must really be convinced it’s gonna go up
just paid $450 for a GME 2 days to expiry 150c
IM A MOONBOY NOW
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CLVS with its daily tease
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He told me Friday he had his sell order in at $2500. I’m not joking.
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Your friend makes $15 hour and has $15,000 to plow into meme stocks? How?! I could use his financial advice this guy sounds like a real wizard.
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He has been on a sportsbetting heater and put it all into GME plus all his meager savings. Both bankruptcies were from running up credit cards sportsbetting.
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seems like he beat the system
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