Round 3 fired, betting that the extremist apes will HODL and twist facts, till we reach the moon

Edit: I had exited the Poor Man's Covered Call and changed to a Cash Secured PUT with a strike of $15 instead. Will make a post on the rationale later.

Yesterday, some apes keep trying their best to remove my neutral truthful post that RC filed form 144 (post below), and every other posts mentioning form 144. Throughout the night till now, all the posts of form 144 that has any negativity is gone, reappeared, gone, and reappear again.  Apes had been deliberately taking out post they don't like, and even after the mods reviewed them and put them back in the comment section, poof they will report it again and get it removed.

If we have so many extremist apes that is working hard to remove any "bad" news and only promote their version of the news. Well I'm sure they can help us hold the price and "morale" So I'm betting on them

Instead of buying the shares, I'm using an option strategy known as Poor Man's covered call. This is done by buying a long dated deep ITM CALL option, and then sell a short term CALL option above the cost basis.

So I bought a $4 CALL expiring 19 Jan 2024 for $1,450 per contract. Then sell a $20 CALL expiring 2 September 2022 for $400 per contract. Thus making my maximum loss amount $1,050 per set.

This reduce capital exposure by a significant amount, but it gives me similar exposure to a covered CALL strategy. Had I bought the shares at $18 instead of the CALL option, my maximum loss will be $1400 per set (100 shares) instead.

So if on 2 September, if BBBY is above $20, the profit is maximum $550 per set. If it is below $20, I can keep selling more covered CALL until Jan 2024, to earn more premium which will help reduce my maximum loss, while giving me a chance to profit from the rally

To the Mooooooonnnnnnnn

Fired a 3rd round of bullets, this time around leveraging on an option strategy known as the poor man's covered call.