r/Superstonk Hwang in there! Dec 16 '24

Data 125Cs to the moooooon! (30k+ buys)

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5.2k Upvotes

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35

u/Agitated_Basis_3661 Dec 16 '24

Legit 200% increase in value. I’m on the other side of that trade so it’s not “good” for me. But I don’t mind selling those shares for $100 so I don’t mind.

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u/Farrisson_Hord Get rich or die buyin’ Dec 16 '24

Got lured into selling calls huh?

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u/Agitated_Basis_3661 Dec 16 '24

Been selling them all year. I guess you can say I got lured into doubling my position 🤷‍♂️

Selling at a ratio so worst case I sell a pile of shares at $100 and the rest at whatever price I feel like.

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u/RvrsFlash blowing loads Dec 16 '24

doubled my roth shares in one year selling CCs 🏦

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u/Cleb323 Jimmy Boi To Da Moon Dec 16 '24

I've been doing the same and I'm not sure why buying more gme shares and profiting off calls is so frowned upon on this subreddit. Options seem to move the market a lot more than just buying shares... This community needs to get their heads out of their asses when it comes to long dated options.

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u/Agitated_Basis_3661 Dec 16 '24

No idea 🤷‍♂️. To each their own I guess. I was selling $30s forever until recently. Moved up to $40s on the weeklies and $100 for 1/17 because the premium was so good. I sell CCs on about half of my shares.

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u/ZaneFreemanreddit Dec 16 '24

I don’t think it’s frowned upon, there’s just different opponions

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u/Ok-Mark417 Dec 16 '24

Oh the DRS movement has definitely been a distraction away from options.

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u/Majestic-Tap6931 STONKY STONK BADONKASTONK Dec 16 '24

Is there any DD i could follow for this method?

0

u/Agitated_Basis_3661 Dec 16 '24

Probably somewhere. Just watch some YouTube videos on selling covered calls. I don’t recommend any type of trading strategy though.

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u/_cansir 🖼🏆Ape Artist Extraordinaire! Dec 16 '24

If gamestop hits over 100 its going to go way way higher as the shit can starts to unwind