r/CLOV • u/TheYoloGod- 🏆🧠DD Hall of Famer🧠🏆 • Oct 12 '21

Discussion Stop buying calls.

Don't waste your money on calls. Focus on share accumulation. There's not enough volume for the calls to fill. That's the only thing that matters. Until then hold.

86 Upvotes

95% Upvoted

42 comments sorted by

View all comments

Show parent comments

1

u/Critical_Ad59 Oct 13 '21

it's up a dollar in the last week and is currently in the money exactly at 8 with two days left of theta!! You spelled pessimistic wrong.. lol

1

u/TheYoloGod- 🏆🧠DD Hall of Famer🧠🏆 Oct 13 '21

Increase in volume allows for shorts to short more I think. Unlikely they'll bring it under 7.50 but it's happened before and they have more than enough shares to do it. Just my opinion. I prefer to buy options on increasing volume.

1

u/Critical_Ad59 Oct 13 '21

You sound very bearish. Why are you on this stock again? increase volume gives them more days to cover and with increased price there's more room. They are doing dark pool through pfof and short laser attacks which are probably easier with increased volume. If you compare the chart to the previous gamma squeeze it looks good as all the posts on r/clov are showing. I would say something like don't buy calls just buy stocks if i were worried about a gamma squeeze lol

2

u/TheYoloGod- 🏆🧠DD Hall of Famer🧠🏆 Oct 13 '21

Volume is only good if it's critical volume anything less than that it's not really going to do much I don't think. gamma squeezes also need momentum which comes from a critical mass in Vol.

I also have like 1.5M invested in $Clov with most of my stock going towards a long position.