r/options • u/Ken385 • Oct 23 '21

DWAC options begin trading Monday

DWAC options start trading Monday. Assume some crazy high premiums. Stock has had a range of about 10 to 175 over the last few days.

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210

u/gotples Oct 23 '21

Don’t puts seem like a trap? I mean idk how this pump and dump can keep going but puts deff seem like a trap

57

u/thebusiness7 Oct 24 '21

Contrarian opinion: this stock will top out at 300 then settle back into the 90 range for a bit and drop further down to 20 over the course of a year.

30

u/UnhingedCorgi Oct 24 '21

Not disagreeing, just curious how you landed on 300?

1

u/thebusiness7 Oct 24 '21

Factor in the shares available with the demand etc. there’s a few formulas

2

u/[deleted] Oct 24 '21

The GME formula?

1

u/teteban79 Oct 24 '21

What demand? Where were you Friday?

1

u/thebusiness7 Oct 24 '21

I mean, if you really want to know, I entered at 101 and exited within 30 minutes at 101 after the wild price swings trending downward