Packers Huddle

So up about 40% from Friday’s close.

That’ll play.

Almost hit $40 in after hours.

I must say I'm a bit regretful about not holding any AMC, looking at it this morning, lol. Congrats to all the longs!

Captain_Ben wrote: ↑

02 Jun 2021 09:39

I must say I'm a bit regretful about not holding any AMC, looking at it this morning, lol. Congrats to all the longs!

Only wish I could have/would have put more into it.

Was content for a while, but started getting a little more
Fomo myself yesterday. Bought a 48 strike call for June 25th yesterday when the price was around 29, already up over 150%


Not to late to get in, this isn’t stopping. Shorts haven’t begun to be covered yet.

BF004 wrote: ↑

02 Jun 2021 10:47

Was content for a while, but started getting a little more
Fomo myself yesterday. Bought a 48 strike call for June 25th yesterday when the price was around 29, already up over 150%


Not to late to get in, this isn’t stopping. Shorts haven’t begun to be covered yet.

There will be a dip, there has to be. Yhat is when to get in. GME ran for a few days In Feb. This is going to be bigger.


Edit: was up to $61. Now down to $51 in minutes.

Have shorts started covering yet?

$68.

I was checking out Ortex's Twitter feed. Says Bed Bath, AMC, and GME all increased short interest today. Not sure of exact numbers because I don't have an account.

wallyuwl wrote: ↑

02 Jun 2021 17:51

I was checking out Ortex's Twitter feed. Says Bed Bath, AMC, and GME all increased short interest today. Not sure of exact numbers because I don't have an account.

They are up, this still hasn’t even started.

Kind of hope it drops overnight, because I’m gunna be buying some more tomorrow.

Want some more of those really out of the money calls that are pretty cheap in the event we get another solid doubling in the 2 weeks or so.

I think that week of June 18th, with all the calls, will be the final catalyst, like big gamma before then as we get closer that is gunna start margin calls.

So thinking the peak might come next week or the beginning of the week after that.


But I am a nobody and often wrong. Do you own due diligence. Not a financial advisor.

Will there ever be an age stuff like this stops being funny?

wallyuwl wrote: ↑

02 Jun 2021 17:51

I was checking out Ortex's Twitter feed. Says Bed Bath, AMC, and GME all increased short interest today. Not sure of exact numbers because I don't have an account.

Up 2.65 million

I seriously might put $5k into each of AMC and Bed Bath tomorrow. Maybe some in Beyond Meat, too. I think you are right, hasn't even started as long as apes hold IMO.

Meme stocks dropping like a rock at open. Lots of profit taking. Stupid paper hands.

wallyuwl wrote: ↑

03 Jun 2021 08:42

Meme stocks dropping like a rock at open. Lots of profit taking. Stupid paper hands.

I think just some $%@#, these dips are common on squeezes, combo of day traders, shorting, hedgies dropping their longs, opposite of gamma squeeze (as more calls go out of the money, they will sell their hedged shares).

Nothing has changed other than there is a nice discount on AMC stock right now.

Man, halted 3 times already, can't get a buy in quick enough, or if I can, no idea what I'm likely buying at the time, lol.

People talking about this $11M share sell like it is new news. It was announced in April. Not gonna turn these hands to paper!

Got two call options in when in the $40's, insanely overpriced at the moment with such crazy volatility and everything over $73 being brand new and in high demand, but YOLO!!!

BF004 wrote: ↑

03 Jun 2021 09:17

Got two call options in when in the $40's, insanely overpriced at the moment with such crazy volatility and everything over $73 being brand new and in high demand, but YOLO!!!

What does this mean?

Also you had this as a double post.

wallyuwl wrote: ↑

03 Jun 2021 11:34

BF004 wrote: ↑

03 Jun 2021 09:17

Got two call options in when in the $40's, insanely overpriced at the moment with such crazy volatility and everything over $73 being brand new and in high demand, but YOLO!!!

What does this mean?

Also you had this as a double post.

I won’t do it justice trying to explain options in a few sentences.

Google or YouTube ‘trading call and put options’

Price started going up, from $45 to $52. By the time I was able to place my order it was at $54. Bought 20 more shares. It is now at $57 a few minutes later. Looks like it got all the way down to $39 an hour or so ago, but I wasn't in a position to track it then (wasn't at my desk).