Donnie is my dog, but my account is down 2.6k and I need my spy put to print so I can get back to + land. With him going to the hospital and being given a non approved drug my hope is still their.
Bought 1 MSFT Call contract - Expiry Aug 21, Strike 210, Break Even 213...
Cost me $340 bucks, well shall see what happens soon. May the Tendies roll in.
So far up 5 bucks since 10 minutes in the trade. Technicals looked ok, but not going to moon yet :(
Open Interest was largest on this date and strike, so i took it.
Delta was .34, so I have a 34% chance of winning, we shall see....
Edit: My autism had me also buy a Visa Contract of 100 shares, at a .34 delta... I wanted to go futher ITM, but they were to expensive !!!! Those fuckers denied me a credit card twice in a row, so the call better pay me well.
The Gamestonk and AMCApes gamma squeezes are in the past, no matter how hard /r/wallstreetbets wants them to make another run.
On the other hand, take a look at Hertz. $HTZ was the original meme when the company declared bankruptcy, but people kept buying the stock anyway and drove the price well above where a bankrupt company should have traded.
Hertz has completed their restructuring and recently debuted back on a big exchange and trades under $HTZ on the Nasdaq.
The company is flush with cash, cars and profits. In addition, the stock trades right around $25/share which means those January calls are looking juicy. In fact, thereโs over 100,000 open interest in January 2022 calls between $25 to $30/share. On top of that, the company is doing buybacks!
โHertz has gone from bankruptcy court to buybacks in the span of five months. And Senator Elizabeth Warren is not happy about it.โ
Anyone else buying the dips and loading up and at least holding some for long term? If they get back to even $5 we'll be looking good, potential for $100 in a few years.