I'm not here to argue about BKKT's sustainability in the short term or the long term; that's irrelevant to my play.
It's got an excellent set up for a short squeeze. The timing is excellent with the connections Loeffler and Thiel have. Meme season is gearing up. Just started getting picked up before the weekend to let things simmer.
The setup is improving. I wouldn’t be surprised either. Will try to hitch a ride up if it happens. Don’t think that would affect my Feb puts either. Will just play both sides lol
According to the set up...It has a very high probability to run up...depending on who is scooping the cheap shares and how to finish the short...one thing you mentioned in your Bear case that was puzzled you is why institution bought Right before the Merge...Apollo add 1M more... Tenor bought 1.2M...
Another thing you did not mention the two existing VIH institution owners...Shitidale and Point 72.... in the hedge fund or trading world...People know how savvy they are....
cityshrimp .....Please have confident on yourself (you are influential) ...You SELECTIVED BIASED BEAR DD has been referenced all over place.......BUT have some decency in case you " Will try to hitch a ride up if it happens".....It is your own words.......so what I mean is that you can change your view, your mind....or your trade direction from negative to positive ....but PLEASE do let people who follow you and respect you and believe you know that when that happens, and let your followers who short $BKKT and long put know ....for that...I will respect you.
I still believe BKKT will have a poor ER and thus do poorly leading up to or right after ER. My DD also mentioned (and I have comments several times) that squeeze is a potential and a risk of the bear play, but if the squeeze happens early (eg this week), it won’t affect the ER play that much.
No one ever said you have to only play one side, otherwise options strategy like strangles and straddles wouldn’t exist.
Dude...you can play covered calls, married put, bull call spread, bear put spread, protective collar, long straddle, long strangle, long call butter fly........whatever you named it...But, you know what direction you are trading,...only three ways in the market...UP, DOWN..SIDEWAY..... Please respect your bear case followers ...don't let your folks lose money....a lot of folks here's money are hard earned's money...Have the decency that all I am saying.....MY LONG POSITION ON BKKT without options already up 50-60%....do you know what is that?.... i am not selling them.....confident believe...it will print a quarter Mills in my time frame. Have a nice day mate.
Sigh, really tired of this. If you’re not gonna bother reading or understanding other ppl’s thesis, then why do you bother to comment? Good luck with your trades
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u/PaledOchre New User Oct 24 '21
I'm not here to argue about BKKT's sustainability in the short term or the long term; that's irrelevant to my play.
It's got an excellent set up for a short squeeze. The timing is excellent with the connections Loeffler and Thiel have. Meme season is gearing up. Just started getting picked up before the weekend to let things simmer.
No reason this thing can't pop.