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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Played the AMC stonk

135

Comments

  • backthepackbackthepack Member Posts: 19,861

    Im letting these call options i bought at $13, $14, $15, $20, $25, $35 and $45 run until this motherfucker squeezes. I placed them all way out into September or December. Have 370 shares ( exercised 3 contracts in the money on Wednesday)

    squeeze hasn't happened?

    I thought the squeeze got us to where we are
    Naw they haven’t covered yet and there’s naked shorts that have gone unreported. Melt up was strictly based on consumer demand.

    In other note made some good on $WYNN $SPY and $CLOV options calls today. Made some money from a $GTT put option. Monitoring $sens $leds $anvs and $ally
    $sens for puts btw.
  • backthepackbackthepack Member Posts: 19,861
    We got a gamma squeeze during the melt up with so many calls going into the money + demand.
  • SourcesSources Member, Swaye's Wigwam Posts: 4,000 Founders Club
    edited June 2021

    We got a gamma squeeze during the melt up with so many calls going into the money + demand.

    Why do I feel like you're talking about a gamma squeeze without understanding what it is
  • HoustonHuskyHoustonHusky Member Posts: 5,978
    edited June 2021
    Short interest on AMC now down to 11% or something...it’s strictly the algorithms and high-frequency and day traders piling on the back of the Reddit crowd. Can’t picture any of them sticking around for a long period of time but assuming the craziness could continue for a little while.

  • SourcesSources Member, Swaye's Wigwam Posts: 4,000 Founders Club

    Short interest on AMC now down to 11% or something...it’s strictly the algorithms and high-frequency and day traders piling on the back of the Reddit crowd. Can’t picture any of them sticking around for a long period of time but assuming the craziness could continue for a little while.

    My buddy works at Hedgeye. Love their stuff.
  • BasemanBaseman Member Posts: 12,366

    Short interest on AMC now down to 11% or something...it’s strictly the algorithms and high-frequency and day traders piling on the back of the Reddit crowd. Can’t picture any of them sticking around for a long period of time but assuming the craziness could continue for a little while.

    There's little to no short interest on AMC. Karen Finerman worked the phones yesterday and found ample supply to borrow for shorting from Goldman and Morgan Stanley and quoted interest rates between 1% to 7%.

  • greenbloodgreenblood Member Posts: 14,409

    Short interest on AMC now down to 11% or something...it’s strictly the algorithms and high-frequency and day traders piling on the back of the Reddit crowd. Can’t picture any of them sticking around for a long period of time but assuming the craziness could continue for a little while.

    I saw somewhere it's around 21%
  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,044 Swaye's Wigwam
    AMC is going to get to $100

    Hurts my heart to see GME back at $300. Cost basis was $30 and sold during the crash at $88 to salvage something. Was up 100k on a ~8k initial investment
  • backthepackbackthepack Member Posts: 19,861
    Sources said:

    We got a gamma squeeze during the melt up with so many calls going into the money + demand.

    Why do I feel like you're talking about a gamma squeeze without understanding what it is
    Cause im backthepack?
  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,520

    HHusky said:

    HHusky said:

    Some enjoy the casino.

    I bought SYY and NYCB this week. I prefer investing.

    #tortoise

    I got a fuck ton of free capital (taxable ofc) to invest with! Im a broke college kid so this actually gave me a head start!
    I wish you good luck. But I’ll remind you that you have oodles of time to let things grow.
    I know. I turned ~ 8.5k into 48k+ through dogecoin, various cryptos, gtt options calls and amc. Im doing well. Probably going to get into some blue chips when i feel they’re being undervalued. Im in some ETFs and nvidia (cant wait for the split).
    I'm in the NVDA and it's jumped $100 in 4 weeks with people talking about $1,000 price targets.
  • BasemanBaseman Member Posts: 12,366

    HHusky said:

    HHusky said:

    Some enjoy the casino.

    I bought SYY and NYCB this week. I prefer investing.

    #tortoise

    I got a fuck ton of free capital (taxable ofc) to invest with! Im a broke college kid so this actually gave me a head start!
    I wish you good luck. But I’ll remind you that you have oodles of time to let things grow.
    I know. I turned ~ 8.5k into 48k+ through dogecoin, various cryptos, gtt options calls and amc. Im doing well. Probably going to get into some blue chips when i feel they’re being undervalued. Im in some ETFs and nvidia (cant wait for the split).
    I'm in the NVDA and it's jumped $100 in 4 weeks with people talking about $1,000 price targets.

    I'd take profits at $850 or sell ATM or ITM calls.
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,773 Swaye's Wigwam

    I don’t care. Money is money. Market fundamentalists are weeping.

    As my prof(who helped invent high frequency trading) enjoyed telling us. In a recession everything tends to be correlated to -1.

    Make sure you're diversifying out of just stocks and crypto while the sun is shining. Buy a shitty starter house or condo. Buy some commodities. Shit, go hang out in rural Thailand for six months while day trading. Bubbles do burst. Have something to show for it when it inevitably does.

    The real value is that you're learning to invest and play the game at a young age.
  • backthepackbackthepack Member Posts: 19,861

    I don’t care. Money is money. Market fundamentalists are weeping.

    As my prof(who helped invent high frequency trading) enjoyed telling us. In a recession everything tends to be correlated to -1.

    Make sure you're diversifying out of just stocks and crypto while the sun is shining. Buy a shitty starter house or condo. Buy some commodities. Shit, go hang out in rural Thailand for six months while day trading. Bubbles do burst. Have something to show for it when it inevitably does.

    The real value is that you're learning to invest and play the game at a young age.
    I’ll be doing cocaine off coug co-eds backs soon. But yes. Im as diversified as I can be will still maintaining gains with the capital I have.
  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,520
    Bought back in on AMC @ $49.30. Let's see if I can make a quick $3-4 a share by the end of the day.
  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,520

    Bought back in on AMC @ $49.30. Let's see if I can make a quick $3-4 a share by the end of the day.

    Sold at $51 and change. Not much, but it pays for a nice meal out.
  • backthepackbackthepack Member Posts: 19,861
    Bought the dip
  • dirtysouwfdawgdirtysouwfdawg Member, Swaye's Wigwam Posts: 13,025 Swaye's Wigwam

    AMC is going to get to $100

    Hurts my heart to see GME back at $300. Cost basis was $30 and sold during the crash at $88 to salvage something. Was up 100k on a ~8k initial investment

    Yea?
  • PostGameOrangeSlicesPostGameOrangeSlices Member, Swaye's Wigwam Posts: 26,044 Swaye's Wigwam

    AMC is going to get to $100

    Hurts my heart to see GME back at $300. Cost basis was $30 and sold during the crash at $88 to salvage something. Was up 100k on a ~8k initial investment

    Yea?
    I think so
  • dirtysouwfdawgdirtysouwfdawg Member, Swaye's Wigwam Posts: 13,025 Swaye's Wigwam

    AMC is going to get to $100

    Hurts my heart to see GME back at $300. Cost basis was $30 and sold during the crash at $88 to salvage something. Was up 100k on a ~8k initial investment

    Yea?
    I think so
    I’m holding then…
  • MikeDamoneMikeDamone Member Posts: 37,781
    edited July 2021

    Bought back in on AMC @ $49.30. Let's see if I can make a quick $3-4 a share by the end of the day.

    Sold at $51 and change. Not much, but it pays for a nice meal out.
    A nice summer salad with crisp green apple slices, blue cheese crumbles and candied walnuts and an oaky Chardonnay? That’s a nice meal defined.
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