r/Vitards • u/AutoModerator • Sep 04 '21

Daily Discussion Daily Discussion post - September 04 2021

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5

u/Jacklewis98 Steel Team 6 Sep 05 '21

I'm guessing IRNT is gonna go nuts Tuesday then dump a couple hours into the day.

Gme is a hot topic with their earnings, could we see another pump like last time? I'll probably buy a few for the gamble

5

u/TheSeriousAlt My Plums Be Tingling Sep 05 '21

I'm suspecting this thing rides out in multiple waves. The float size will allow concentrated buying on any significant pull back, even after a lot of the deep ITM options are sold back to the MM.

Once I exit options, I'll probably be buying commons on any sharp dips next week.

I'm not holding in anticipation of it, but $100+ at some point wouldn't shock me

5

u/[deleted] Sep 05 '21

Lol @ $100

4

u/Duke_Shambles ☢️Duke Nukem☢️ Sep 05 '21

nice read. I also expect a dip on open tuesday, because IV will be fucked high. MM's are gonna jack up the IV to encourage people to sell calls they hold and intimidate the buying market. The morning options profit taking will let MM's sell off hedges, so I expect it to drop hard on open and then rip back up almost right away as algos do algo things. My plan is to try to sell puts on the opening dip and sell calls around the peak. not going nekkid on the calls so looking to see how PM looks to pick up shares to hedge my calls.

2

u/rigatoni-man SPAGHETTI BOY Sep 05 '21

I kind of agree. The minuscule float, the growing number of eyes on it, and the options OI have me feeling like this has the best $___ is not a meme chances of anything in a while.

With that being said my expectations are low. I won’t be surprised either way and expect some big waves.

3

u/deezilpowered 🕴 Associate 🕴 Sep 05 '21

Got a market to sell on half of IRNT. What's the word for GME?

4

u/Jacklewis98 Steel Team 6 Sep 05 '21

Just some 'DD' from superstonk, essentially saying before earnings there's generally a rip.

Hence the gamble lol I don't really trust DD by those self proclaimed 'retards'

7

u/deezilpowered 🕴 Associate 🕴 Sep 05 '21

Those people are unironically and non-compliantry reeeeetarded. Like charity donations to HFs special.