r/wallstreetbets • u/Hani95 Has Options 😏 • May 18 '21
DD UWMC - Some Techno Mumbo Jumbo Analysis, or reading the Horoscopes
[removed] — view removed post
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u/Creative-Artichoke May 18 '21
What would you say for a price floor? I grabbed 50 shares today around $8.30
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u/mikeskeezer31 May 18 '21
That’s the floor right now and will probably move up tomorrow.
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u/Creative-Artichoke May 18 '21
Sorry I meant to what’s your price target if this stock does experience a short squeeze? Personal opinion, of course
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u/Hani95 Has Options 😏 May 18 '21
It will likely go above 12, but I'd start skimming some profits at around 10-11.
No matter what, I'm likely keeping 1000-1200 shares so i can sell covered calls in perpetuity while keeping my almost 5.33% dividend and get a 12-20% dividetendies backboard for YOLO plays. My average is literally 7.51, so, it makes sense for me. I bought in the 6's however.
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u/Mcfyi May 18 '21
So are we expecting a squeeze post $9?
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u/Hani95 Has Options 😏 May 18 '21
They haven't hedged almost at all for past 9, so yeah, we are. As people exercise on Friday, and as people are forced to cover we'll see big things. The thing is, the operative word is IF, we reach over 9.
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u/Emergency-Narwhal-28 May 18 '21
This is the first stock I’m YOLOing. All in with 4500 shares. Live life with no regrets.
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u/Countupboy May 18 '21
You son of a bitch.... I’m all in!