cmarkboy
:
After reading so much about ‘pump-and-dump’ price actions, it is quite eye-opening to see it happen in real time once again.
Managed to ride the downtrend to below $306 from near the peak price with an ITM Buy Put option at $314 during my paper trading, along with an OTM Buy Call at the same strike price as some insurance.
elyaloy :

cmarkboy : After reading so much about ‘pump-and-dump’ price actions, it is quite eye-opening to see it happen in real time once again.
Managed to ride the downtrend to below $306 from near the peak price with an ITM Buy Put option at $314 during my paper trading, along with an OTM Buy Call at the same strike price as some insurance.
This strategy worked well tonight.
70620572 cmarkboy : it's pump and dump and pump!!!!!
cmarkboy 70620572 : Yeah, the price upswing and downswing is pretty unbelievable.
70620572 cmarkboy : and later it might be dumping again into another pump who knows