Played the AMC stonk
Comments
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$sens for puts btw.backthepack said:
Naw they haven’t covered yet and there’s naked shorts that have gone unreported. Melt up was strictly based on consumer demand.greenblood said:
squeeze hasn't happened?backthepack said: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)
I thought the squeeze got us to where we are
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 -
We got a gamma squeeze during the melt up with so many calls going into the money + demand.
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Why do I feel like you're talking about a gamma squeeze without understanding what it isbackthepack said:We got a gamma squeeze during the melt up with so many calls going into the money + demand.
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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.
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My buddy works at Hedgeye. Love their stuff.HoustonHusky said: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.
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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%.HoustonHusky said: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.
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I saw somewhere it's around 21%HoustonHusky said: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.
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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 -
Cause im backthepack?Sources said:
Why do I feel like you're talking about a gamma squeeze without understanding what it isbackthepack said:We got a gamma squeeze during the melt up with so many calls going into the money + demand.
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I'm in the NVDA and it's jumped $100 in 4 weeks with people talking about $1,000 price targets.backthepack said:
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).HHusky said:
I wish you good luck. But I’ll remind you that you have oodles of time to let things grow.backthepack said:
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!HHusky said:Some enjoy the casino.
I bought SYY and NYCB this week. I prefer investing.
#tortoise
