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Rebounded 12% in a month: comeback or bear trap?
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doctorpot1 joined discussion · Aug 8, 2022 09:03

I'm officially a meme stock trader now, to the moooooon

My first ever meme stock bet Despite knowing it is overvalued. Despite knowing the liabilities is way too high. Despite knowing the cash burn rate is way too high. Despite everything in my bones saying NOOOOOO. I still bet that $Bed Bath & Beyond Inc (BBBY.US)$ will go up and apes will say "because I like the stocks"
The IV of 200% is just tooooooo hard for the tetha gang in me to resist.
Position
Sold 5 PUT options at a strike price of $4 for $55 each. I'm keeping the $275 (13.75% gains) regardless. But if on 18 Nov, the share price of $Bed Bath & Beyond Inc (BBBY.US)$ is above $4, I don't need to buy 500 shares at $4 each. So hope the apes will do your thing and bring it to the mooooonnnnnnn
I'm officially a meme stock trader now, to the moooooon
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doctorpot1
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crawled out of poverty, working towards FIRE!! (financial independence, retired early)
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