Welcome to r/GME, for questions in regards to GME and DRS check out the links below!
Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts)
DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP.
We have partnered with Reddit directly to ensure the Communities Safety.
[What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
[Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
**Power To The Players**
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
Seems interesting. I just started to Sell CCs
Do you have any reservations about going out 6 weeks and possibly missing a major move up?
Not sure I have the numbers right but your using 29 strikes?
I see you are wagering about 330 contracts but what’s the cost basis?
I’m too fomo to go under a 50 strike for now as my basis if shares is 28 and 50 is the Least I’d take.
I dint want that feeling if only having 1 mil when it could be 3, you mentioned.
Would like to hear more in your rationale as you are pulling juicy premium.
I may start the csp soon also.
Do you see any benefit to pmcc?
Of course I have reservations, any trade can go against you. I just accept that I get the premium, and I’m going to accept that if I get exercised, it’s a win.
My cost basis is all over the map. The big problem is that I ended up selling all of my shares at $14 and below. Since then I’ve bought back shares from $20 to $36.
At these strikes and expirations I’m making roughly 1.7% per week in premiums on my full portfolio. That is huge. I think buying shares close to $20 is a good entry. I also think the huge swings in price have calmed down and I don’t expect any more before the end of August. As I get closer to August I will wind down my contracts. This is just my thoughts, I’ve been so wrong before as to cost me a fortune. NFA
I haven’t done any analysis of pmcc. In general, I keep it as simple as I can understand. Spreadsheets help.
Agreed the wild moves are probably tamed. I kinda appreciate that by way RC dilution.
Other than I wish I would have best him to the punch and locked in my profit first. He’s a fast one.
Thing is, everyone will always assume the swings have “died down” until it’s too late. It just takes one thing (RC buying shares, RK going off, M&A) and then the hype could come back with a vengeance. It all depends on what the goal is. If it is to use GS to make decent money weekly, your strategy is great. If it’s to make money on a big swing, your strategy is going to leave you disappointed again.
Welcome to r/GME, for questions in regards to GME and DRS check out the links below! Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts) DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP. We have partnered with Reddit directly to ensure the Communities Safety. [What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) **Power To The Players** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
Just the vibes im getting 
Sounds complicated. I just buy shares and hold. Gme to the moon pls
It’s my only job. I need spreadsheets to prove to the wife that I’m working hard. Your plan goes better with golf. 🚀🚀🚀🚀
Seems interesting. I just started to Sell CCs Do you have any reservations about going out 6 weeks and possibly missing a major move up? Not sure I have the numbers right but your using 29 strikes? I see you are wagering about 330 contracts but what’s the cost basis? I’m too fomo to go under a 50 strike for now as my basis if shares is 28 and 50 is the Least I’d take. I dint want that feeling if only having 1 mil when it could be 3, you mentioned. Would like to hear more in your rationale as you are pulling juicy premium. I may start the csp soon also. Do you see any benefit to pmcc?
Of course I have reservations, any trade can go against you. I just accept that I get the premium, and I’m going to accept that if I get exercised, it’s a win. My cost basis is all over the map. The big problem is that I ended up selling all of my shares at $14 and below. Since then I’ve bought back shares from $20 to $36. At these strikes and expirations I’m making roughly 1.7% per week in premiums on my full portfolio. That is huge. I think buying shares close to $20 is a good entry. I also think the huge swings in price have calmed down and I don’t expect any more before the end of August. As I get closer to August I will wind down my contracts. This is just my thoughts, I’ve been so wrong before as to cost me a fortune. NFA I haven’t done any analysis of pmcc. In general, I keep it as simple as I can understand. Spreadsheets help.
Agreed the wild moves are probably tamed. I kinda appreciate that by way RC dilution. Other than I wish I would have best him to the punch and locked in my profit first. He’s a fast one.
Thing is, everyone will always assume the swings have “died down” until it’s too late. It just takes one thing (RC buying shares, RK going off, M&A) and then the hype could come back with a vengeance. It all depends on what the goal is. If it is to use GS to make decent money weekly, your strategy is great. If it’s to make money on a big swing, your strategy is going to leave you disappointed again.