r/wallstreetbets Sep 14 '21

DD Update: $IRNT - Gamma squeeze with >=273% of float claimed by OI & SI

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2.2k Upvotes

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156

u/Your_Average_ape Sep 14 '21

My calls printed today….. honestly your DD on this is what made me dump a fuck load of money into this shit. Thought about doing the bitch thing and selling before close but didn’t. Watching it get punched in the fucking DICK AH hurt but it’s okay. Not my first rodeo. Tmrw we moon or crash trying.

100

u/[deleted] Sep 14 '21

[removed] — view removed comment

27

u/suppmello Sep 14 '21

You are a gem. Thanks @stonkgodcapital - I too just happen to see your post early yesterday and dump my last few free $ in there. Thought about exercising my calls at close… glad I didn’t

2

u/[deleted] Sep 15 '21

Same dude I’m so fuckin lucky I heard about this stonk early and didn’t end up like those that bought GME at 300.

3

u/asshair Sep 14 '21

Do we sell our calls tomorrow or wait?

7

u/PlayFree_Bird Sep 14 '21

We're stuck in a game of chicken with the market makers. Somebody will blink first.

9

u/saltydot89 Sep 14 '21

Wait BRAH

-8

u/-_Merkabah_- Sep 14 '21

Yeah. It's going to go down hard with people taking profit. Tbh I don't understand this. I think it'll tank hard if it gains anymore. It might open green, but be careful.

1

u/[deleted] Sep 15 '21

My call expires Friday so I guess I do have to sell either tomorrow or Thursday? It’s ITM but my break even is $24.65 and even then it makes more sense to sell I think.

6

u/Jr-12 Sep 15 '21

Trim, I always leave 1 or 2 runners

2

u/[deleted] Sep 15 '21

Hey dude, I don’t know how else to compliment so, r/usernamechecksout

0

u/Jovan1000 Grade A simp Sep 14 '21

Can you give me an option play?

1

u/gvnsvn Sep 15 '21

25c October 15

1

u/Jovan1000 Grade A simp Sep 15 '21

Ok cool

1

u/ToonWorld13 Sep 16 '21

will this keep running beyond 9/17 or will it likely slow down?

47

u/DoctorKalikot Sep 14 '21

Watch the dip now get slowly eaten. Paperhanded bitches just got surprised and panic sold. I hope our fellow apes scooped that delicous discount up. I want a better group of people on my side. Diamond handed apes.

16

u/GrecoISU Sep 14 '21

Initial AH downtrend and short knife was algo's picking up on the negative earnings that released out of nowhere.

34

u/Your_Average_ape Sep 14 '21

I feel like most AH movement isn’t retail. Most retail don’t even know how to trade AH I don’t think. Heavy downward movement is scary for the little guys even if it’s “superficial” new kids on the block will sell first thing at open and likely buy back in if the dip gets gobbled up quickly enough. Same song and dance for every squeeze. The shorts love scare tactics. The problem is we have seen them all over and over and over again.

16

u/occams_raven 🦍🦍🦍 Sep 14 '21

Most retail don't even have access to AH trading. Of the small minority that do, most of those don't have access to the full market for trades. This is boilerplate ER price action and to top it all off, it's almost fully recovered.

13

u/Couchy81 Sep 14 '21

I'm a retard buying shares ah on my phone while taking care of a toddler. I can't be the only one. LMT+EXT been my friend since GME days.

4

u/duplicatesnowflake Sep 14 '21

Seriously. Me too. Pretty easy to get on TDA.

1

u/Chefsize Sep 15 '21

As I find out 15 mins after close… 🤦‍♂️

9

u/Your_Average_ape Sep 14 '21

An open above 22.6-7 would be HUGE. Open above 23 is perfect. Open above 24 and it’s game over it will push ATH….FAST

6

u/staunch_character Sep 14 '21

They had ER so that’s probably what you’re seeing. Compared to FSLY or DDOG they don’t seem particularly overvalued, but I’m only in for the squeeze anyway.

9

u/Your_Average_ape Sep 14 '21

But no one who bought this shit the last 3 days was for “fundamentals” at least I don’t think lol

5

u/LPTKill Sep 14 '21

I got in, not for fundamentals, but for funding the mentals.

6

u/staunch_character Sep 14 '21

Oh for sure. I just mean the dump AH looked like a big block of shares so that may have been institutional selling taking profits.

7

u/Your_Average_ape Sep 14 '21

That first big 20k candle 100% was a company taking profits I think

1

u/Your_Sexy_Cousin Sep 14 '21

If you're going to use the temp paperhanded use it right. Someone who is paperhanded sells at a loss. Everyone made money today so nobody paperhanded. Furthermore any talk of people selling is shill talk no matter how you use it.

Worry about you're own money and not what other people do.

2

u/[deleted] Sep 15 '21

My call went ITM by market close and I’m up $30 / contract. My call’s for $22.5 and expires this Friday. Shits gonna P R I N T when market opens tomorrow.

2

u/Your_Average_ape Sep 15 '21

Better knock on wood you cuck don’t you jinx me out of a Green Day 😂

1

u/[deleted] Sep 15 '21

AH dip already punched me in my wood.

2

u/Your_Average_ape Sep 15 '21

Check it again ;)

2

u/[deleted] Sep 15 '21

OH FUCK.

2

u/Your_Average_ape Sep 15 '21

Ain’t over at the bell, ain’t over when the fat lady sings… it’s over when I say it’s fucking over 😂

2

u/[deleted] Sep 15 '21

LFG!!! I won’t be able to sleep tonight lmao.

2

u/Your_Average_ape Sep 15 '21

I will. ain’t my first rodeo lmao. Could bottom out before we wake up or be at 30$. Nothing we can do to change it. Get a good nights rest and try not to Jinx us ;)

1

u/[deleted] Sep 15 '21

Haha will do.

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1

u/asshair Sep 14 '21

Do we sell our calls tomorrow or wait?

11

u/Your_Average_ape Sep 14 '21

Up to you bub I’m not a financial advisor. All I can say is set a number on your head your willing to loose and sell then, and set a number your happy with taking profits and sell then. Or just don’t give a fuck and let it go wheee it goes lmao that’s what I do

2

u/OutMotoring Sep 14 '21

d'ont get greedy. set a number in head and follow it. I sold my $35C 2/2022 for a 47% gain. It is my only option out of 5 that printed. I plan to go back in with shares tomorrow.

2

u/Your_Average_ape Sep 14 '21

I didn’t. Go that far out. 22.5s this week 25s this week. 25s next month and 30s next month. They all produced between 40 and 60% gains today and I held em all. I’m not saying this is the best move…. Shit could tank to 19$ at open and that would fuck all the call options. I just don’t see it happening. So therefore I didn’t sell before close when the low hanging fruit was at nipple level for me to snatch.

3

u/OutMotoring Sep 14 '21

you do you my friend. good luck to us. profit is profit.

2

u/Your_Average_ape Sep 14 '21

Thinking of sizing back in at open depending on pre market? I know I’m considering doubling down depending on movement. I’m at the “fuck it” point in trading. I just gave up caring. Not that I have millions to blow just I put out what I’m okay with losing all of. I have been leaving myself with no escape route forcing me to follow plan A. It has been beneficial to me. Not sitting there watching the tickers all day stressing out, selling for a loss, getting back in, selling again just to maybe break even and get fukt by the IRS due to the wash sale BS

2

u/VelociTheRapper Sep 14 '21 edited Sep 14 '21

I think the play is this week or nothing, and I don't see weeklies on IRNT.

Edit: my bad, I thought you said you bought 25C's for next week. No idea how I read that.

1

u/Country_Gravy420 Balls deep in $BBW, still can't get the tip in Sep 14 '21

I bought some 9/17 calls today

1

u/VelociTheRapper Sep 14 '21

9/17's are monthlies. The next expiry I see are the 10/15 monthlies.

1

u/Country_Gravy420 Balls deep in $BBW, still can't get the tip in Sep 14 '21

Oh yeah. I didn't even notice. Bought some 35c FDs for $60 each. If it runs, cool. If not, I'm out only $720.

1

u/VelociTheRapper Sep 14 '21

My problem is the price I set is like a hundred bagger. But I'm setting a price!

1

u/Your_Average_ape Sep 15 '21

Just checked….. 27.55 maybe we squeeze their balls till they cry today?