SGoptionsdegen : Where are you able to read this?

SGoptionsdegen 耐心等 : If anybody knows the answer to this question they can become a millionaire!

SGoptionsdegen Jy_1994 OP : Okay good job now pull up any charts that show overall market / sector / heck just pull up the global charts to see how 99% of stocks are doing and tell me what colour you see please?

SGoptionsdegen OP 183643072 : Holding 3700 shares at $3.5 cost basis myself
The last few weeks has seen price bounce between 3.5 and 4.5 as retail interest slowly dries up in the waiting period for the 80th event and subsequent analysis, so for me I see every dip below 4 as a loading opportunity since I am long SLS and see the potential for at least 20 dollars a share in a buyout scenario
In the meantime I'm taking advantage of this extremely elevated IV to sell weekly covered calls and make a small profit on a fraction of my position while I wait
This is my strategy for the next few months at least, of course nfa and dyor the usual~~

SGoptionsdegen OP 183643072 : Impossible to predict since I don't have insider information but if I had to guess I'd say June 2026.

SGoptionsdegen OP 183643072 : SLS has been doing this shenanigan where every two weeks or so it goes into the 4.5-4.7 range and then back down to 3.7-3.8, I'm really liking it for swinging

SGoptionsdegen OP 183643072 : Yeah I think limit order at 3.7 is good, honestly to me any price below 4 is a good point to add and that's honestly probably even being too safe considering the potential upside in a buyout scenario. A more logical good cost basis could be anything below 10 dollars

SGoptionsdegen OP 183643072 : I'm observing this biweekly trend where it will run into the mid 4s up to as high as 4.8 and then dip back to just below 4 again by Friday close, which seems to indicate significant short action to wash out hopeful retail investors buying weekly calls. To capitalize on this trend I've been selling alot of weekly covered calls on my positions counting on the fact that I'll get to make alot in premiums and also keep all of my shares because funds will not allow SLS to close out at those crucial 4.5 or 4 levels, and so far it has been very lucrative for me. But in the next 6 months I expect significant positive news and the second I get any news indicating further success on the trials I'll stop my weekly call selling and hold onto all my shares for the inevitable buyout
I'm willing to share my positions regarding the sale of weekly covered calls if you're interested

SGoptionsdegen : I wonder if the decline is tied to the overall crypto sector drop and most of the market still (incorrectly) thinks that DGXX only mines bitcoin?

SGoptionsdegen needmoney4r35 OP : Thanks for the headsup, this has never occurred to me