Art of Options

  It's kind of obvious that the GME crowd will hold the bag in the end. The thing is very similar to TSLA: momentum ignition -> social paranoia, short squeeze -> new stocks issued, distribution- > game over. Retail vs Hedge looks like a carefully crafted BS to encourage buying of the ridiculously overpriced stock. Hedgies are always hunted by bigger guys. Trade restrictions are probably caused by margin problems, i. e. their volatility models are not ready for 900% IV, and by the antic 2 days settlement.

 Short Call spread: 1/29/2021 15:47:19 SOLD -1 VERTICAL GME 100 (Weeklys) 5 FEB 21 700/800 CALL @7.80 -0.11 -1.3 780

  Yesss! 

Yes, what else it can be?  At least according to the guy with a nickname Myopia: " I know. But were I Putin, now confronting President Biden — something he’s been fighting to avoid for years — and I was trying to make the economic situation over here as hopeless as Russia’s was back in 1993, as an act of vengeance, reprisal, short of resorting to nuclear weapons I’d use a cloaked sovereign wealth fund and a captive U.S. based bank’s trade desk to set it up. Distribute malware under the radar, even. Unlimited money; no risk to the bank itself — which is nothing more than a front company at this point — and exploding an otherwise worthless vehicle like GME to create chaos that sucked naive investors in and bankrupted others on the way up — and down. Some lucky winners, but many more unlucky losers in the end. It’s the chaos he wants. Psychological. And a strategic diversion to divert our attention from something else. What? What he’s about to do to Navalny?     He already tried to p

  Short TSLA Calls:

  SPX Credit Call spreads:

"Traders who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money." Jesse Livermore Many investors dream about 2X return. However, the realities of trading are harsh. I know a person who in 2020 bought 60K of  3DTE ROKU Calls and, unfortunately, lost all money. Stories like this raise a question - is it possible to beat the market buying Call options? The answer is yes, but it requires a lot of patience and some luck. Most investors never hold their positions long enough to benefit from the fact that the market rises over time. Investors typically “greed in” and “panic out”. To win 2X one has to  “greed in” when they “panic out”. After it, the trader has to be patient. Panic is reflected by VIX readings well above the average. Let us consider the COVID-19 panic in March of 2020 when VIX was above 80. 2375 SPX Put expiring 1/15/21 was priced at