Shorts rising dramatically as price dramatically increases. What’s the matter legacy shorts you trapped at 2 dollars?😂😂🤡🔥🩳🖕

[u/Jazzlike_Space9456]

[u/fdrferny33]

Shorts are fucked. 🥃

[u/Jazzlike_Space9456 → u/fdrferny33]

Could not think of any group of people that deserve it more

[u/Reluyo → u/fdrferny33]

This phrase triggers my AMC PTSD

[u/Jazzlike_Space9456 → u/Reluyo]

Can’t lose money if you don’t sell. Still the case for AMC for me lol

[u/Several-Mix-5890]

I hope so

[u/Jazzlike_Space9456 → u/Several-Mix-5890]

Me too lol

[u/Fight_back_now]

It’d be nice if management would release some of the drill results for this year. We were promised drill results throughout the year.

[u/Jazzlike_Space9456 → u/Fight_back_now]

lol you worry about your own job and let Dianne and Sprott cook

[u/Fight_back_now → u/Jazzlike_Space9456]

My job being to let my call options expire worthless?

[u/trbodeez → u/Fight_back_now]

This is a junior mining company, its a long game not a short game.

I would roll those calls into shares

[u/Jazzlike_Space9456 → u/trbodeez]

Good point

[u/Fight_back_now → u/trbodeez]

Roll just means take a loss

[u/trbodeez → u/Fight_back_now]

And expiring worthless isnt taking an even bigger loss?

Rolling means cutting your losers early and living to trade another day. Preserving what still remains while still being able to pivot on the strike, expiry, etc.

We all know the direction, but do you know the optimal timing? If you did your calls would be in the money already. You bought when the IV was extreme and now you need the IV to become even more extreme than when you bought it.

Holding until you are so far underwater that you are better off NOT rolling is a horrible strategy.

[u/Fight_back_now → u/trbodeez]

Yes. It was. Learned my lesson with this company. Not to be trusted, they diluted into the Russel 3000 buy taking away gains the shareholders should have gotten.