🚨🚨🚨Something Very IMPORTANT just happened, Heads up!! $B...
$BBBY Just broke through the top most options strikes that are available for august and September. (EXCEPT FOR THIS WEEK'S, that's not enough)When this happens, they lose control of the stock because they no longer can Gamma hedge properly with buying way OTM calls. That's why you see this parabolic movement.This is a 1 day event, until it happens again. Tomorrow they will have new options. Typically what happens when a stock goes above the top strike, it goes ballistic the following day.The halts wont stop this thing. The only thing that slows it down is when they open new strikes tomorrow, but that also didnt stop GME from absolutely obliterating the shorts last time. We are in for WAY MORE MOVEMENT.PSA; DO NOT BUY CALL OPTIONS at this VOLATILITY. (unless you have expert options experience) Get your shares to HODL.DONT PAPERHAND TODAY!
ps: NFA
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I got banned in the casino getting deep with the sharks. so I came here to solve my addiction.
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Caelume : meaning itll go down for a breather till the next climb up?
Keithmerel21 : Buy shares and HOLD!!! Much smaller float than GME had during their run.
razo2OP Caelume: is a one day thing we need to hold the stock as there will be a volatility coming soon. weather this storm for 1 day and hold our position in the stock.
71069781 :
razo2OP : one thing good we have Ryan Cohen with the majority shareholder. hang on to the stock as we ride the waves big stock prices comes with side effects.
razo2OP : basically all the call options from 26/8 to 30/9 had a hit the strike price you can check the options at the top of the chart and expect some votality in the price for 1 day until the new call options is recalculated.