Curious what you all would do with this. I have SPY calls that are currently up 115% right now with another week left until expiration. Would you sell or wait it out? SPY is largely thought as being very oversold right now, but it keeps on heading upwards. I might hold through today and see what tomorrow brings, but I don't want to get too greedy and end up screwing myself out of decent profits, either.
The GTII thing simply comes down to it being an OTC shit stock. People can talk about shorts and manipulation, but it's on a mostly unregulated market and those stocks don't play by the same rules as something listed on the NYSE. You can hold it and see if it rebounds enough to get at least even on it, but I'm going to guess it's going to drop back to the cents range and then just churn for months. Don't hold short term or almost expiring options contracts over the weekend is a pretty good guideline to follow. Take your profit and enjoy it.
I would sell half now. That way you guarantee a profit no matter what and can still make more on the rest if it keeps going up.
If there's a EOD run up like there has been most days lately, I'll probably jump out before market close today and be happy.
If anyone is looking for a gamble.... WSB got wind of this article my "fuck it, bet it" risk tolerance is tied up in GME and GTII right now, otherwise I'd grab some $HWIN and see what happens
Dogecoin is pretty much exploding right now. Sitting at $.27 as I write this. Up 108% in the last 24 hours. Hope you guys are enjoying the ride.
Would you believe I dumped all my doge weeks ago when it "plateaued" and put it into BTC? I'd be up by hundreds right now.
Timing is a bitch sometimes. It could've easily gone the opposite direction from that point. This rise is surprising a ton of folks.
I made the mistake of selling a couple months ago when it tanked and it looked like it wasn’t going anywhere. Then I bought back in when it was higher. So now I’m sitting on it. If it drops again, I’ll buy more. But this momentum at the moment is fun to watch.
Plus there's lots of conspiracy theories how it's being used as a pump and dump by Robin Hood and Citadel, who apparently own some 40% of doge right now.
RobinHood seems to be up to their usual fuckery again by not allowing users to execute Dogecoin trades at the moment.
Held through the run up EOD yesterday and just sold for 175% gain. It'll continue to rise, I'm sure, but I'm certainly not upset. Now it'll be time to watch for the drop.
Because they don't do the actual trades... they keep their own internal books and then try and reconcile later... they don't place your trades or transfer them to you. That's where Citadel comes in. Therefore they have a TON of liquidity issues because they can't cover hugely volatile stocks like GME, and they have to wait days for the deposits/etc to clear into their accounts.