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GME trade ideas

$GME - August runs are comingIf you're already following me, you know the drill. It's about time for the quarterly runs for GME and Meme Stonks in general. I've identified +1 more mostly accurate date where some meme stocks (but not all) actually run. The dates you want are as follows: -These two dates are a set. There will be a decent single day run on one of these two dates. I personally think it's August 2. The only way this moves to Aug 8 is if some big market event happens between now and then. If you're gonna play this, at least don't get FD's and go at least +1 week out further. The moment you see the run happen, take profits from your long calls and get puts 2 weeks out while the IV is still hot for calls. If you wait and buy after the call IV and prices cool down, you're gonna be buying puts at not so very nice prices. You want to buy the reversal just before it happens, not after. *02 August (Most Likely) or *08 August (Less Likely) or both (Unlikely) -This is the regular GME quarterly cycle run we've talked about here since last year. The behavior is always slightly different but the critical part of the trade is always the same. Around the 23'rd give or take a day or two, GME will pop to something like $40 or $45 or more for a few days and then drop. Since everyone is aware of this at this point, i'd expect NO run on 23-26 as everyone's gonna be saturating weekly FD's instead of 2w or 4w out. This will cause the usual run just before close on Friday 26 Aug and a run into the next week due to call gamma having to be hedged in the last moments of the market. Then the T+1 from option settlement hits everyone on Monday but it really doesn't and it hits the market on Tuesday as per my previous DD on market mechanics. If you're going to play this one, be safe, due to degens playing FD's e.g same week expiring calls, the price may crab to kill everyone's FD calls and will instead move the week after. *23-25 August (Likely) *30 Aug (Likely) How i'm gonna play this event? -Aug 2 or 8: I'm a degenerate, so i'm going to get OTM FD's for Aug 2 on market open on the same day. -Aug 23-25 or *30 Aug: Been burned by the micro changes in these runs a few times so i'm getting OTM calls on the 19'th of Aug expiring around 9 of Sept. Additional Info: I have weird signals from DTCC's swaps indicating that this year's September 16 ish and next year's March and April have A LOT of $$$ expiring in swaps. I do not know what this means or what it will do to the markets. I have leap calls out to 2024 that are ITM to ride those dates in case something crazy good happens. That's why i'm not extending these August calls to September's OPEX and SLD period. I don't know what's gonna happen in September, but i just know something will. I don't know the direction. Here's an old version of what i wrote that explains my thoughts above. www.reddit.com Keep in mind the 23-30 Aug run applies to most meme stocks. I'm onboard with GME and BBBY on this since only the few top meme stonks tend to move both on the start of the month and near the end of the month. I don't do AMC. WARNING: I wouldn't buy anything right now as it's the period where stocks get knocked down. If you're going to play the above, wait till the last day before doing so. Buying from now will just burn a LOT of theta. NFA
NYSE:GMELong
by leenixusu
60
1.5 years ago - What did I tell you? Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are. Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up. It would be a natural retracement after a year of bearishness, so some kind of retracement is due. Yes I heard about the NFT launch, honestly NFTs aren't solving anything and please do read the small letters since most of the time you don't actually own the NFT itself.
NYSE:GME
by CryptoHedging
18
GME Ponzi about to go downHello, GME is basically a Ponzi and i dont think they can come up with some bs synthetic hype that would push gme to new ATH´s. Indeed i think GME currently sits right at the resistance and it is propably a good short entry here. On its way down i expect GME will propably be target for new pump and dumps, so i would propably close short arround green curve. Would only invest what iam willing to loose tho, shorting meme stocks is still risky/meme trading. Personaly not trading it because i got no broker to short it, but propably still a good setup with low leverage/tight stoploss) DYOR This will propably trigger the GME holders lol...shitstorm incoming xD Please leave a like =)
NYSE:GMEShort
by Symbio_X
27
SPLIT DONE! Still Waiting for a clean break of the Doom DoritoBull Case remains, I am hopeful the Doom Dorito will finally break up First full week after the split next week. Multiple brokers from around the world have yet to deliver all shares saying that shares could take up to another 4-5 days to be delivered. FTDs have been increasing from June that are coming due now, will be interesting in seeing the next release on the 30th Borrow rate remains steady this weekend at 129% to over 300% according to Ortex. Technically it still seems like a massive 1.5 year spring is about to be sprung. If there is any other real world game changing announcement this week then it it can only add further pressure to breaking the Doom Dorito.
NYSE:GMELong
by testmuffin13
3