Ya and thank you too. Completely concur with your outlook. It is currently 8:20 est and AH it just popped up to28.36 for some reason. Waiting patiently for it to drop after earning tomorrow and then load up. I too am waiting for some kind of pop just before Christmas. But....we all know that GME can be completely unpredictable.
@21stcentury.renaissance Mojo, you already know X and YT are not free from wolves, in fact, they're full of them.. I guess we gotta try to not draw their attention or just learn to coexist with them 🤷♂️
Been reading your breakdowns for a while and following the journey - excited to see you here, and will keep a keen interest in the channel as it inevitably continues to grow!
Thank you so much for your support! I am glad you are still together with me :) We are steadily on the rise and helping shepherd our fellow investors away from the predators :)
Cheers, my friend! My soul cries out for the Superstonkers. Many will be misled. I think the Street is preparing for many upward volatility events in the months and years to come. Many will join the sub seeking to learn and will be fed to the wolves, unfortunately. This is part of why I will not stop making content.
So glad to see you on YT Mojo! The Reddit fvckery may have been a blessing in disguise as I think this medium may suit you even better than the long-form post. I also like it for selfish reasons since I never had enough karma to comment and thank you previously…haha. Appreciate the insightful commentary as always and keep up the great work! 👍
That's a bit of a tricky one. You definitely have some risk there because those are pretty far OTM currently. You've got about 40 days to expiry on those, so they will start to take a big hit to their extrinsic value over the next 10 days, especially with IV crush and if we get some flatter trading over the next 10 days. I don't think prices around $40-$45 dollars mid-January are too far-fetched, especially in the requel scenario, but your profitability could be challenged depending on your entry cost. Like I said, I don't like to prescribe direct trade advice, but as I said in my videos I do not like to hold Long Calls through earnings.
Whats to stop someone from having a low entry point and selling covered calls into infinity due to the knowing the direction of the consistant manipulation of the stock. Hypothetically would this be the best way of increasing your position over time? i.e. RK
So you need buyers. Let's say RK still has his 9mil shares. He could sell up to 90,000 CCs on that position at various strikes. But someone must buy those. On any given weekly GME strike there are in the ballpark of 80,000-100,000 Contracts open on the Call side, so short and long. If a Market Maker serves as the primary counterparty in his transactions and ends up hugely net long, then that will necessarily change their incentives and affect how they shape price movement. When you have positions valued like RK's your moves will not only move markets, they will move market makers.
The risk of course is if the price moves above strike. The true P/L answer though is that if the stock is up, and you sell a CC, and the price goes down more than the CC premium you have effectively lost money from the price movement. Anchoring your profit based on Your original entry price is incorrect, the worth of the shares are exactly the price they are worth right now. i.e. if you sell CC on the price now, the invested capital for calculating ROI is the current value of the position right now, not your original cost basis.
I’m from a small town in Germany, and I remember my friends and I joking about GameStop 15 years ago, how it always felt like a scam. They’d sell new games for less than the old ones! Honestly, I’m glad they’re closing their stores now because both the service and the online shopping experience were terrible. But I’m curious, why did they open that pop-up store in Berlin if they decided a few months later to close down all shops? In my opinion, it was a great idea and looked way better than their usual shops.
Maybe they were piloting a seasonal model. The holidays are when the company's earnings are the best, being a toys, games, and collectibles retailer. Maybe they'll make this something recurrent leading up to Christmas, like a Jahrmarkt. You can set up a pop-up for 2-3 months, don't have to offer full-time employment contracts with health insurance, retirement benefits, full 1-year severance pay (honestly that severance with benefits is what's still dragging down profitability in the retail business) and gets you out of expensive leases. Also, Germany, like Italy, despite being a wealthy country, has a contracting child population. Not good for a toy and game retailer. I could see them going back into Germany in this limited context, but the move out makes sense financially to me.
What do you thint about this James Roland guy that pushes the idea of a GME Meltup? I actually bought calls because of him but sold them today because IV-Crash is real and he seems to shill these GME Coins way to much for my liking.
I'm not familiar with Roland's version of the thesis. I think the SLOASS melt-up is a real possibility. In fact, my personal conviction is that I believe we are in the midst of this phenomenon right now, but it will take some time to fully play out with many emergent corrections and opportunities for profit taking and repositioning.
Ya and thank you too. Completely concur with your outlook. It is currently 8:20 est and AH it just popped up to28.36 for some reason. Waiting patiently for it to drop after earning tomorrow and then load up. I too am waiting for some kind of pop just before Christmas. But....we all know that GME can be completely unpredictable.
Let's see what today brings!
Nice one. Being missed on reddit...
Cheers, my friend! I wish there were a way to get more apes out of the bubble and away from the wolves!
@21stcentury.renaissance Mojo, you already know X and YT are not free from wolves, in fact, they're full of them.. I guess we gotta try to not draw their attention or just learn to coexist with them 🤷♂️
Been reading your breakdowns for a while and following the journey - excited to see you here, and will keep a keen interest in the channel as it inevitably continues to grow!
Thank you so much for your support! I am glad you are still together with me :) We are steadily on the rise and helping shepherd our fellow investors away from the predators :)
Great video. Much appreciated 👍.
Cheers, my friend! Thank you for your support :)
Hey Mojo! Excellent content as always. So happy to see you on UA-cam 👍😁
Thank you, Sue! Great to see you :)
Nice breakdown ♥
Cheers my friend!
Mojo back in full force, been missed on Reddit buddy.
Cheers, my friend! My soul cries out for the Superstonkers. Many will be misled. I think the Street is preparing for many upward volatility events in the months and years to come. Many will join the sub seeking to learn and will be fed to the wolves, unfortunately. This is part of why I will not stop making content.
So glad to see you on YT Mojo! The Reddit fvckery may have been a blessing in disguise as I think this medium may suit you even better than the long-form post. I also like it for selfish reasons since I never had enough karma to comment and thank you previously…haha. Appreciate the insightful commentary as always and keep up the great work! 👍
I'm glad to finally hear your voice, then, my friend! You are most welcome :)
Buckle up for the next for weeks is my prediction
Buckle up, for sure. I'm really watching out for price + IV pullback ahead of Dec OPEX.
So if I understand this right I can forget my 45$ calls expiring Jan 17
That's a bit of a tricky one. You definitely have some risk there because those are pretty far OTM currently. You've got about 40 days to expiry on those, so they will start to take a big hit to their extrinsic value over the next 10 days, especially with IV crush and if we get some flatter trading over the next 10 days.
I don't think prices around $40-$45 dollars mid-January are too far-fetched, especially in the requel scenario, but your profitability could be challenged depending on your entry cost.
Like I said, I don't like to prescribe direct trade advice, but as I said in my videos I do not like to hold Long Calls through earnings.
@ it was my own decision I know. But this video really made me sell my calls just to see this right now…
Cheer Mojo master 5
Cheers to you my friend!
The SI and SV and CTB are nowhere near 2021 levels. I don’t understand how the comparison keeps being made.
Whats to stop someone from having a low entry point and selling covered calls into infinity due to the knowing the direction of the consistant manipulation of the stock. Hypothetically would this be the best way of increasing your position over time? i.e. RK
So you need buyers. Let's say RK still has his 9mil shares. He could sell up to 90,000 CCs on that position at various strikes. But someone must buy those. On any given weekly GME strike there are in the ballpark of 80,000-100,000 Contracts open on the Call side, so short and long. If a Market Maker serves as the primary counterparty in his transactions and ends up hugely net long, then that will necessarily change their incentives and affect how they shape price movement.
When you have positions valued like RK's your moves will not only move markets, they will move market makers.
BTW GME *expiry, not strike
The risk of course is if the price moves above strike.
The true P/L answer though is that if the stock is up, and you sell a CC, and the price goes down more than the CC premium you have effectively lost money from the price movement.
Anchoring your profit based on Your original entry price is incorrect, the worth of the shares are exactly the price they are worth right now.
i.e. if you sell CC on the price now, the invested capital for calculating ROI is the current value of the position right now, not your original cost basis.
I’m from a small town in Germany, and I remember my friends and I joking about GameStop 15 years ago, how it always felt like a scam. They’d sell new games for less than the old ones! Honestly, I’m glad they’re closing their stores now because both the service and the online shopping experience were terrible. But I’m curious, why did they open that pop-up store in Berlin if they decided a few months later to close down all shops? In my opinion, it was a great idea and looked way better than their usual shops.
Maybe they were piloting a seasonal model. The holidays are when the company's earnings are the best, being a toys, games, and collectibles retailer. Maybe they'll make this something recurrent leading up to Christmas, like a Jahrmarkt. You can set up a pop-up for 2-3 months, don't have to offer full-time employment contracts with health insurance, retirement benefits, full 1-year severance pay (honestly that severance with benefits is what's still dragging down profitability in the retail business) and gets you out of expensive leases. Also, Germany, like Italy, despite being a wealthy country, has a contracting child population. Not good for a toy and game retailer.
I could see them going back into Germany in this limited context, but the move out makes sense financially to me.
What do you thint about this James Roland guy that pushes the idea of a GME Meltup? I actually bought calls because of him but sold them today because IV-Crash is real and he seems to shill these GME Coins way to much for my liking.
I'm not familiar with Roland's version of the thesis. I think the SLOASS melt-up is a real possibility. In fact, my personal conviction is that I believe we are in the midst of this phenomenon right now, but it will take some time to fully play out with many emergent corrections and opportunities for profit taking and repositioning.
@@21stcentury.renaissance Yes I agree, if played correctly we can continue our Covered Call Strategy :D
imscrewes options
Hmmm I'm not sure what this means, friend. Would you care to elaborate?