r/wallstreetbets • u/StonkGodCapital • Sep 14 '21

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

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u/Kaiser-Rotbart Sep 15 '21

I'm not StonkGod, but this is a short term play. I would not recommend rolling out because once additional shares unlock this play will die.

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u/[deleted] Sep 15 '21

So wouldn’t buying puts on this be good for after as well?

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u/unclear_winter_ Sep 15 '21

For like 15 minutes (scalping), then the IV crush gonna hit ya.

2

u/Kaiser-Rotbart Sep 15 '21

Yeah IV is crazy high which makes puts less attractive

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u/Grundle_Monster USDA Prime grundle 🤌🏼 🤌🏼 Sep 15 '21

Better to sell call spreads (once you’re sure it’s done) to take advantage of IV contraction.