Just a small update.
I've started building a position in GME long calls starting today as i'm not sure whether we'll see the typical SLD drop. My thoughts are that the latest Ukraine/Russia warmongering by the US media has failed to cause the market to plummet and thus be used as an excuse for the monthly & quarterly SLD drop that should happen this week.
I'm not sure whether we'll see the drop or not, but i'm now leaning more towards that we won't see the drop for GME. Due to this i've started building my GME cycle position for next week & the week after. I closed my SPY puts today at $438 and reversed some of it into GME calls. I'm holding on some cash in case we do drop more this week so i can get more calls near the money cheap. I've also got into another retailer stock that likes sympathy runs during these GME cycles, but i won't mention it here as it's besides the point.
Good luck to whatever you decide to do.
I've started building a position in GME long calls starting today as i'm not sure whether we'll see the typical SLD drop. My thoughts are that the latest Ukraine/Russia warmongering by the US media has failed to cause the market to plummet and thus be used as an excuse for the monthly & quarterly SLD drop that should happen this week.
I'm not sure whether we'll see the drop or not, but i'm now leaning more towards that we won't see the drop for GME. Due to this i've started building my GME cycle position for next week & the week after. I closed my SPY puts today at $438 and reversed some of it into GME calls. I'm holding on some cash in case we do drop more this week so i can get more calls near the money cheap. I've also got into another retailer stock that likes sympathy runs during these GME cycles, but i won't mention it here as it's besides the point.
Good luck to whatever you decide to do.
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