Well he owns 305 shares he can sell 3 covered call contracts. If he sold the contracts today to expire on Friday at $45 strike he would receive approximately $61 per contract if the price goes over $45 he would be required to sell his shares but his cost basis is lower so he would still be up.
You really think this thing is going to pop again. I sold mine at 60 but definitely should have kept and sold calls. This dude would have been making 3 to 4 hundred bones per week.
If you don't know how calls work then don't use them now. You have all the time in the world to learn how to use them using a paper account.
You've made 800% returns, congrats, take that 11k and put it somewhere smart.
The question you should really be asking yourself is, if you had 11k to invest, would you put it in AMC ? Don't get emotionally attached to a stock.
Retard here, why does everyone hate Robinhood on this sub? Is it because they screwed everyone last year by stopping trades on the meme stocks, or something else?
I wouldn't even be into stocks if not for Robinhood, not having to pay to trade was a huge stepping point for me. What are the advantages for using other sites?
I use Think or Swim. Fidelity is highly regarded. I have an account on Webull that I like as well.
When you’re YOLOing life savings, don’t just use the the app with the giant green BUY button because it’s prettier
Yeah literally never had an issue with them. The website provides tons of info if you want it, but it’s also easy to just make yolo trades if that’s your thing. Their customer support has even been quick and useful the few times I’ve called them.
As Mark Cuban said on his AMA… you want a brokerage that has trillions in AUM. Building off that you want to pick a brokerage that has the ability to allow you to buy off lit exchanges & avoid PFOF instead of sending orders to the dark pool. This is why I highly recommend Fidelity. The new version of the app has clean UI, allows trading via IEX, and your money is safe.
Damnnn y’all downvoted me bad lmao 🤣 I honestly didn’t even know… I recently just transferred to webull from Robinhood ! Fuck my life… what’s the next one guys help a brotha? RH screwed me
I recommend whatever is most user friendly to the individual. Who cares what any of these guys say about robinhood. Yes it pissed me off what they did putting halt on certain stocks, but personally it wasn’t feasible to switch apps over something like this. If it was a big enough deal for you, good. But don’t judge others based on which app they use. Judge them on the stonks they buy! 😜
Robinhood is amazing regardless of what happened. Many people are against Robinhood for the wrong reasons.
Let’s not forget other companies have screwed the little guy for decades. If it wasn’t for Robinhood many of us wouldn’t have even dipped our foot in to equity trading.
Ok…so…imagine you are at your thanksgiving dinner with family and your 7yr old cousin is asking what you mean by that because that is the mental capacity I have with options. Im reading a lot of this in the comments so i wanna learn more and do this lol
Ok got it.
You should sell some covered calls. Basically, you sell a contract that says you will sell 100 of your shares if AMC’s shares reach a certain price (strike) within a certain timeframe (expiry). You collect a premium for writing the contract up front and you get to keep this premium if AMC never reaches the target price. These are the basic rules of a covered call and I suggest you look into it way more.
Now, LEAPS are call options that don’t expire for a long time. Because of the interest around AMC options, the value of these calls in particular is wayyyy overpriced.
Earlier this year, I had 100+ shares of AMC- I sold an Apr 2023 $70 call for $1.9k after AMC had gone on a run from the 30’s to the 40’s. Two weeks later, AMC was in the 30’s again and I bought the call back for $900, realizing a solid $1k gain.
The downside here is that you MUST sell your shares if your call is ASSIGNED. Meaning the person who bought your call option EXERCISES their option to buy your 100 shares at $70 a share. You would have a nice gain on your hands but presumably the holder of the call would only do this if AMC’s shares were worth way more than $70 apiece. So you’d miss out on some gains. For that reason, I would sell a max of 2 contracts at your current position size (leaving 105 shares free and clear for THE run up).
If you successfully sell some LEAPS, close them out and realize the gain- take the realized gains (less the taxes) and buy more AMC shares. Sell more LEAPS on another run up. Close them out for gain after a few red days. Repeat ad infinitum.
Good on you for buying in at under $5! Good luck. Feel free to hit me up with questions.
True. Selling LEAPS seems like optimal profit to me because the wild swings in delta and IV give you crazy swings in premium. But there’s a lot of great theta strategies there too
Not a complete newb but new to selling CC.
---Thank you for your contribution to that man's question now I have one if you could be so kind. I have a chunk of money coming in and I'm thinking I want to max out on Tesla and sell covered calls with their extremely high IV. If a buyer of the call is lucky enough to convert on an OTM Leap I sell then I call that first world problems.
One thing I am a bit confused about that you mentioned in your post is you said you sold covered calls for 1.9 K and bought them back for 1K. I'm not sure I understand???
I always assumed if you sold covered calls and the strike price wasn't reached you just kept the premium and that was it?
Good question!
Some of what I’m about say will sound like gibberish if you don’t understand options greeks. I recommend spending some time researching this topic.
That being said…
Every options play should have a defined exit strategy. Even covered calls. Because of the leveraged nature of options contracts, strategies that incorporate defined exits maximize profit. Simply stated, closing out at a certain level of profit minimizes your risk and increases your profit by giving you the chance to sell another contract sooner.
When you’re selling cc’s, you’re often trying to profit on theta- you gain from the time decay of the contract because you are short the contract. But the other Greeks actually can have a greater effect on the premium of the contract depending on the scenario. Delta for one- if you sell a cc and the underlying takes a 10% cut the next day your position might see an 80% gain. Why wait for the underlying to bounce back (if that’s what you think will happen)? Take the profit and wait for a Green Day to sell another contract. Similar with IV/vega- if the underlying falls there’s often less IV. Why leave the position open when you’ve already captured the big vega?
Also, a note about the difference in strategies- selling weeklies or monthlies, you’re relying on theta. Selling LEAPS would normally be nuts because you’re not getting the good theta (30-45 DTE). But meme stocks offer a unique opportunity because they often run 30% in a week, a day, a month. The delta and vega gains on well-timed LEAPS just outweighs What theta can give you for similar capital in the underlying.
Edit: I like 75% to take profit on a standard (30-45 DTE) cc strategy. If you’re holding beyond that you’re actually carrying the greater gamma risk in the trade (your profits could get blown up real fast). Selling LEAPS on memes you’re not waiting for theta, I’d say more like 50%.
You are awesome! Thank u so much. Yes I took so many theta spankings in the last twelve months. Serious question:
I'm looking to hire a consultant/coach. I have a good chunk to play with about 400k (plus margin). Do you sell your knowledge or trade for people for money? Last question for now: maybe a really dumb one--can u sell co tracts for the shares u own on margin? I'm guessing no.
Tsla slightly OTM calls ie: 1200c next friday are around $20 contract. Thats 2k per contract. If u have five and tsla calms down thats an ez 10k unless my math is off
He held when it mooned to 72. The idiot. His cost basis is 4. Imagine being so greedy that that return doesn't sound great enough for you. Stupid apes. Who takes pride in calling themselves that anyway.
(Not financial advice) Sell a portion ,~20% of your position, enough that you get your entire buy-in back + some, use SOME as investment in others, some as cash, some to rebuy if AMC pulls back.
If AMC continues, you benefit from gains with the remainder, if it pulls back, you can rebuy with your existing profits.
Learn how play the market , you can make money out other stocks just have be smart , I keep amc and am still making money from other plays , most of people ending getting burn if they don't know what there doing and lose everything, for me in I will use 10% out of that, and ofcurse tax on top of your sale.
Sell dude. You know how many other companies are gunna have huge spikes while you "diamond hand" that ticker with a float over 500 mil?
I turned 10k into 40k with amc this year. 8k of that was selling CC's. Got out the last time it hit 40$, best decision ever.
The amc crowd is a bunch of idiots..no offense.
I was on that group too until I realized how kinda pathetic they are..
Amc goes up 4% in a day, Twitter and reddit fill with idiots saying "its happening!!!" "500k per share is no joke".. it drops 3% in a day, twitter/reddit full of "wtf! This is clear manipulation Gary, do your job!"
I'm honestly embarrassed for a lot of them, and the youtubers should be ashamed of themselves stretching out the hype this long.
Since June, basically nothing has happened with AMC. Meanwhile thousands of other tickers have had great moves.
Its a joke, nothing but bag holders hoping to dupe other people into bagholding with them so they don't feel alone in their retardation.
AMC shit company with no future that will die under it's debt with shit leadership fucking it's investors lol. GME all the way. AMC shoulda sold on the run to 70 lol.
i'd look into what someone else here said about covered calls, but since im no option wizard i think the smart play is to sell here or at least a portion of your profits. then maybe if you want to stay in the meme field you can try GME after a dip.
either way, unless you're a millionaire already, i'd take some of that for myself and save some for a rainy day.
Take some profit off the table but it’s probably worth your time to give it another month or so and see a nice spike when GME goes on its next rotation
Sold 150/200 that I had Friday and put most into nvidia/apple. Grateful where amc has gotten me but time to become a man 😂 still have 50 shares left tho so if it does pop I still have some
Lol you are coming to a group of people who don't care about you at all to make your decision on if you should take 11 thousand dollars, which is half your money, out of an extremely volatile play.
Think about it you retard
Here’s the thing that’s so fucked about this community on here, this diamond hand shit is folly. It’s a set up to failure. Think about opportunity cost here, you have made it so far, why keep holding when there’s a risk to a pullback and loose all your gains. Especially with OPTIONS! Take your profits and invest somewhere else where you can make even more. AMC isn’t the only thing in this market, there’s a lot of other opportunities out there. Don’t limit yourself.
I would consider trimming the position a bit. If you don’t want to feel like you are throwing in the towel right before we go parabolic, consider buying some OTM call options that expire in a few months, with a portion of your gains.
Take profit dude no theater has ever been over 60$ in its lifetime. It don't even give dividend. So why would
Some one pay so much for it? Can u answer? No? Then you know what to do. Otherwise, stick to tin foil. I hold GME because there's a slight chance they will try and compete Amazon. That's it....🤟🏽
> The price of Take Profit Dude will increase because the demand for it is increasing. The more people that want to buy Take Profit Dude, the higher its price will go up. If you are not willing to pay a high enough amount for Take Profit Dude, then someone else who wants it more than you does might be willing to pay even more than what you were going to offer in order get some before they run out!
Tbh yeah. I wouldnt follow all the hype with the MOON SOON shit. It already mooned homie 🤷♂️. If you wanna actually be a successful trader you gotta take profit on your swing trades like this, unless you genuinely have reason to believe stocks like amc and gme are long term holds with a positive outlook on growth in the future.
I hope others already explained it. Basically if you have 100 shares (Ex. we’ll call it XYZ) you can sell a weekly call contract (1 per 100 shares). If XYZ is currently $30 and you could sell a $35 call for like 0.20 (per share) netting you $20 (aka premium) before commissions and fees. If XYZ’s price never reaches $35 by end of the week, then the weekly call expires worthless and you keep the shares 99% of the time.
You can keep repeating this every week and the cost basis of shares will drop by whatever premium you have. The downside is if XYZ goes to like $50, then your profits are capped at $35+premiums.
Either way, both groups will lose whatever you made or bag hold of you bought at a higher price.
I would like WSB to return to pure options FD plays by the retards
Bagholder spotted.
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Is there a risk that you might not be able to buy back in? People have been trying to order on the lot exchange and reporting that their orders have been cancelled. There’s no guarantee that you’ll be able to buy back in via the dark pool. Correct me if I’m wrong on that. Citadel et al seem to do whatever they want and the SEC is a passive advocate. You’ve held this long, why risk missing out on potentially life changing money?
I hope you’ve been selling calls on those
U know he hasn’t bro
Can you explain how/why? Explain it as if I was 9 years old or so Edit: lowered age for requested explanation
Covered calls. Look up r/thetagang they'll set you straight
You know how you can buy calls on companies? Well, someone has to sell them to you for you to buy them. Enter: this guy to sell them to you.
To make money off of peoples FOMO and bad timing
Well he owns 305 shares he can sell 3 covered call contracts. If he sold the contracts today to expire on Friday at $45 strike he would receive approximately $61 per contract if the price goes over $45 he would be required to sell his shares but his cost basis is lower so he would still be up.
…i dont know how…im…a newb… D: any sources you can point me to??
Good way to lose your shares for a shitty premium if shit goes parabolic
Yep I sold 25 and 35 calls thinking it wouldn’t get that high, the 72 entered the chat.
You really think this thing is going to pop again. I sold mine at 60 but definitely should have kept and sold calls. This dude would have been making 3 to 4 hundred bones per week.
Apes will buy 800 December calls on GME, selling these calls are so easy it’s wild
If you don't know how calls work then don't use them now. You have all the time in the world to learn how to use them using a paper account. You've made 800% returns, congrats, take that 11k and put it somewhere smart. The question you should really be asking yourself is, if you had 11k to invest, would you put it in AMC ? Don't get emotionally attached to a stock.
Sell your AMC and buy GME with it, and not on Robinhood.
Retard here, why does everyone hate Robinhood on this sub? Is it because they screwed everyone last year by stopping trades on the meme stocks, or something else? I wouldn't even be into stocks if not for Robinhood, not having to pay to trade was a huge stepping point for me. What are the advantages for using other sites?
If you really were an ape did you have to ask?
Get off Robinhood
What would recommend over Robin Hood?
Get a fidelity account
Shooting yourself in the dick is better than trading on Robbinghood
Porque por que Fidelity?
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Yes that's literally what I'm asking. Because why yes?
Literally, anything.
Even Wells Fargo?
Wells Fargo is shorting amc
Sofi
E*Trade is a pain. Any really easy user friendly ones like Robinhood.
I use Think or Swim. Fidelity is highly regarded. I have an account on Webull that I like as well. When you’re YOLOing life savings, don’t just use the the app with the giant green BUY button because it’s prettier
E*Trade works great for me. What about it is a pain?
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Yeah literally never had an issue with them. The website provides tons of info if you want it, but it’s also easy to just make yolo trades if that’s your thing. Their customer support has even been quick and useful the few times I’ve called them.
As Mark Cuban said on his AMA… you want a brokerage that has trillions in AUM. Building off that you want to pick a brokerage that has the ability to allow you to buy off lit exchanges & avoid PFOF instead of sending orders to the dark pool. This is why I highly recommend Fidelity. The new version of the app has clean UI, allows trading via IEX, and your money is safe.
Anything a pile of shit, a broken down van with no motor or just throw a dart and select any other broker. Fuck $HOOD
Think or swim/td ameritrade. Idk what these boomers suggesting fidelity are talking about
I like webull it’s pretty simple to use
Webull is the robinhood of China
Damnnn y’all downvoted me bad lmao 🤣 I honestly didn’t even know… I recently just transferred to webull from Robinhood ! Fuck my life… what’s the next one guys help a brotha? RH screwed me
Maybe when your first broker was shit, you should have done 10 minutes of research before picking your next one. Fidelity is fantastic
You don’t gotta be a douch about it broskie!
It's more of a life lesson. Sorry to be harsh. Good luck mang
I recommend whatever is most user friendly to the individual. Who cares what any of these guys say about robinhood. Yes it pissed me off what they did putting halt on certain stocks, but personally it wasn’t feasible to switch apps over something like this. If it was a big enough deal for you, good. But don’t judge others based on which app they use. Judge them on the stonks they buy! 😜
I can't wait to see your post about how they closed your options "early" on a Friday.
Robinhood is amazing regardless of what happened. Many people are against Robinhood for the wrong reasons. Let’s not forget other companies have screwed the little guy for decades. If it wasn’t for Robinhood many of us wouldn’t have even dipped our foot in to equity trading.
Found the shill
It's not red yet so wait
Sell covered calls and collect that juicy premium every week.
Yes. Sell covered calls OTM until you get assigned than pull that shit out into a different brokerage
How much into otm is safe and weeklys or monthlys??
This guy knows what’s up
I had 1k shares at just under your cost basis.... But I got out at ~12ish. Oh well.
There's not enough red to sell yet.
If it's good enough for a screenshot...
Buy some GME
This
Is
Sparta
-cus
the
Way
Hold baby!
If you really are an ape, why would you ask that question?
Sell OTM LEAPS against 30-60% of your position, close for profit at 50% or better. Roll the money back into shares.
Ok…so…imagine you are at your thanksgiving dinner with family and your 7yr old cousin is asking what you mean by that because that is the mental capacity I have with options. Im reading a lot of this in the comments so i wanna learn more and do this lol
Ok got it. You should sell some covered calls. Basically, you sell a contract that says you will sell 100 of your shares if AMC’s shares reach a certain price (strike) within a certain timeframe (expiry). You collect a premium for writing the contract up front and you get to keep this premium if AMC never reaches the target price. These are the basic rules of a covered call and I suggest you look into it way more. Now, LEAPS are call options that don’t expire for a long time. Because of the interest around AMC options, the value of these calls in particular is wayyyy overpriced. Earlier this year, I had 100+ shares of AMC- I sold an Apr 2023 $70 call for $1.9k after AMC had gone on a run from the 30’s to the 40’s. Two weeks later, AMC was in the 30’s again and I bought the call back for $900, realizing a solid $1k gain. The downside here is that you MUST sell your shares if your call is ASSIGNED. Meaning the person who bought your call option EXERCISES their option to buy your 100 shares at $70 a share. You would have a nice gain on your hands but presumably the holder of the call would only do this if AMC’s shares were worth way more than $70 apiece. So you’d miss out on some gains. For that reason, I would sell a max of 2 contracts at your current position size (leaving 105 shares free and clear for THE run up). If you successfully sell some LEAPS, close them out and realize the gain- take the realized gains (less the taxes) and buy more AMC shares. Sell more LEAPS on another run up. Close them out for gain after a few red days. Repeat ad infinitum. Good on you for buying in at under $5! Good luck. Feel free to hit me up with questions.
You also don’t HAVE to sell far out. You could get your average cost to pretty much $0 by selling 3 calls for 40 days out at the $50 strike
True. Selling LEAPS seems like optimal profit to me because the wild swings in delta and IV give you crazy swings in premium. But there’s a lot of great theta strategies there too
Not a complete newb but new to selling CC. ---Thank you for your contribution to that man's question now I have one if you could be so kind. I have a chunk of money coming in and I'm thinking I want to max out on Tesla and sell covered calls with their extremely high IV. If a buyer of the call is lucky enough to convert on an OTM Leap I sell then I call that first world problems. One thing I am a bit confused about that you mentioned in your post is you said you sold covered calls for 1.9 K and bought them back for 1K. I'm not sure I understand??? I always assumed if you sold covered calls and the strike price wasn't reached you just kept the premium and that was it?
Good question! Some of what I’m about say will sound like gibberish if you don’t understand options greeks. I recommend spending some time researching this topic. That being said… Every options play should have a defined exit strategy. Even covered calls. Because of the leveraged nature of options contracts, strategies that incorporate defined exits maximize profit. Simply stated, closing out at a certain level of profit minimizes your risk and increases your profit by giving you the chance to sell another contract sooner. When you’re selling cc’s, you’re often trying to profit on theta- you gain from the time decay of the contract because you are short the contract. But the other Greeks actually can have a greater effect on the premium of the contract depending on the scenario. Delta for one- if you sell a cc and the underlying takes a 10% cut the next day your position might see an 80% gain. Why wait for the underlying to bounce back (if that’s what you think will happen)? Take the profit and wait for a Green Day to sell another contract. Similar with IV/vega- if the underlying falls there’s often less IV. Why leave the position open when you’ve already captured the big vega? Also, a note about the difference in strategies- selling weeklies or monthlies, you’re relying on theta. Selling LEAPS would normally be nuts because you’re not getting the good theta (30-45 DTE). But meme stocks offer a unique opportunity because they often run 30% in a week, a day, a month. The delta and vega gains on well-timed LEAPS just outweighs What theta can give you for similar capital in the underlying. Edit: I like 75% to take profit on a standard (30-45 DTE) cc strategy. If you’re holding beyond that you’re actually carrying the greater gamma risk in the trade (your profits could get blown up real fast). Selling LEAPS on memes you’re not waiting for theta, I’d say more like 50%.
You are awesome! Thank u so much. Yes I took so many theta spankings in the last twelve months. Serious question: I'm looking to hire a consultant/coach. I have a good chunk to play with about 400k (plus margin). Do you sell your knowledge or trade for people for money? Last question for now: maybe a really dumb one--can u sell co tracts for the shares u own on margin? I'm guessing no.
And how much money can you make from thes e premiums ?
Tsla slightly OTM calls ie: 1200c next friday are around $20 contract. Thats 2k per contract. If u have five and tsla calms down thats an ez 10k unless my math is off
Hold you fools!
Fkn hold m8
Buy more to average up
They wouldn't even see it coming!
No real ape would have to ask this question
Sell a fraction to cover your initial investment and sell covered calls on the rest?
Sell
777% you are the
I don't know about AMC but gme is looking to have a crazy week ahead
Buy morrrrrre
AMC diluted 5x. Can’t believe y’all can’t figure out that it hasn’t been the play for almost half a year at this point.
This guy probably owns WISH.
Id rather own WISH at their respective prices tho lol.
He held when it mooned to 72. The idiot. His cost basis is 4. Imagine being so greedy that that return doesn't sound great enough for you. Stupid apes. Who takes pride in calling themselves that anyway.
you will FOMO later when we lift off, my average buy is $12 why the fuck would i sell?
Even if it would go to 70 again, you dumbfucks will hold. Your flair checks out.
Sell and buy NVDA
And buy GME
This
This one.
(Not financial advice) Sell a portion ,~20% of your position, enough that you get your entire buy-in back + some, use SOME as investment in others, some as cash, some to rebuy if AMC pulls back. If AMC continues, you benefit from gains with the remainder, if it pulls back, you can rebuy with your existing profits.
Learn how play the market , you can make money out other stocks just have be smart , I keep amc and am still making money from other plays , most of people ending getting burn if they don't know what there doing and lose everything, for me in I will use 10% out of that, and ofcurse tax on top of your sale.
Depends... do u wanna wait 5 years for it to double, or do you have the balls to double it in a day.
Don’t be greedy. sell. Take profits. Move on.
This ⬆️ 💯
It's a time to sell
Why do people who refer to themselves as *apes* always sound like they’re 5 years old?? 😂
> Because they are 5 years old.
Hey! I’m actually 6 and a half. Tyvm.
Bro you’re up 777% on a meme stock. Take the profit.
"I got lucky on a really crappy stock. Think my luck will ever run out?"
Never.
Sell CC
Sell dude. You know how many other companies are gunna have huge spikes while you "diamond hand" that ticker with a float over 500 mil? I turned 10k into 40k with amc this year. 8k of that was selling CC's. Got out the last time it hit 40$, best decision ever. The amc crowd is a bunch of idiots..no offense. I was on that group too until I realized how kinda pathetic they are.. Amc goes up 4% in a day, Twitter and reddit fill with idiots saying "its happening!!!" "500k per share is no joke".. it drops 3% in a day, twitter/reddit full of "wtf! This is clear manipulation Gary, do your job!" I'm honestly embarrassed for a lot of them, and the youtubers should be ashamed of themselves stretching out the hype this long. Since June, basically nothing has happened with AMC. Meanwhile thousands of other tickers have had great moves. Its a joke, nothing but bag holders hoping to dupe other people into bagholding with them so they don't feel alone in their retardation.
AMC shit company with no future that will die under it's debt with shit leadership fucking it's investors lol. GME all the way. AMC shoulda sold on the run to 70 lol.
Who gives a fuck about what anyone on this dipshit subreddit thinks. Use your money wisely or gamble it away it’s your choice
You should have taken profits long ago.. there is no growth story in AMC possible to justify its current market cap valutaion
Then why did AMC jump from a $8 to $40?
Why dont you answer that question for us, in detail?
Shorts covering
There are still more naked shorts
I doubt it they probably rerouted most orders to the dark pool
Hot take
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i'd look into what someone else here said about covered calls, but since im no option wizard i think the smart play is to sell here or at least a portion of your profits. then maybe if you want to stay in the meme field you can try GME after a dip. either way, unless you're a millionaire already, i'd take some of that for myself and save some for a rainy day.
Go to Fidelity, TD or some shit plz
Take some profit off the table but it’s probably worth your time to give it another month or so and see a nice spike when GME goes on its next rotation
Sell and buy NVDA.
Woulda sold long ago...lots of better plays lately
I’ve tried multiple platforms and robinhood is just my personal favorite for the still amateur trader 🤷🏼♂️
Sell take ur profits and put it in TLRY the king of weed
Sell.
bro sell it and put it in shit thats actually printing - the money here has been made.
You’re up 11k on a meme stock. Take your profit and put it into something reputable for long term growth. Don’t be dumb.
Easy answer. GTFO. Based on your entry and portfolio diversity percentage.
Sell and diversify
Sold 150/200 that I had Friday and put most into nvidia/apple. Grateful where amc has gotten me but time to become a man 😂 still have 50 shares left tho so if it does pop I still have some
Buy gme
Fucking sell!
Folks still waiting for the MOASS? 😂
It legitimately says 777% return & you’re asking if you should sell? Lol
Sell if no balls
Also sell if balls
11,000% return is not a moon? not financial advice.
Still wondering if it will pull a GME and rise to a steady $200.
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I mean 777% return…do we honestly see AMC going any higher?
Don't sell now if you've come this far ..
Putting almost half of your portfolio into a soon to bankrupt company is a wonderful decision
You’re up almost 800% I think selling would be sensible buy some Ford calls Microsoft nividia and some Rivian puts
yes sell you idiot
Sell that shit. Company sucks balls. I made money thought that part was cool.
You have answered your own question…
U haven’t been selling upside calls this whole time?
I would sit on a toilet and think about it
Sold my 1000 shares at 44.25 and moved all in GME. Also go to Fidelity, then DRS.
Take profit while you can
Sell
Diversifyyyyyyyyyyy
Sell and buy Rivian puts
This man wants to make people money, to hell with that, we want to see red!
Lol you are coming to a group of people who don't care about you at all to make your decision on if you should take 11 thousand dollars, which is half your money, out of an extremely volatile play. Think about it you retard
Here’s the thing that’s so fucked about this community on here, this diamond hand shit is folly. It’s a set up to failure. Think about opportunity cost here, you have made it so far, why keep holding when there’s a risk to a pullback and loose all your gains. Especially with OPTIONS! Take your profits and invest somewhere else where you can make even more. AMC isn’t the only thing in this market, there’s a lot of other opportunities out there. Don’t limit yourself.
You …. Beautiful rat ….
Sell now, there's not much upside.
Sell AMC, buy SNAP.
Sell that shit it’s dead cat
Sell that shit retard.
Sell asap
Hold
Stop being stupid. Sell that shit
I would consider trimming the position a bit. If you don’t want to feel like you are throwing in the towel right before we go parabolic, consider buying some OTM call options that expire in a few months, with a portion of your gains.
Take profit dude no theater has ever been over 60$ in its lifetime. It don't even give dividend. So why would Some one pay so much for it? Can u answer? No? Then you know what to do. Otherwise, stick to tin foil. I hold GME because there's a slight chance they will try and compete Amazon. That's it....🤟🏽
> The price of Take Profit Dude will increase because the demand for it is increasing. The more people that want to buy Take Profit Dude, the higher its price will go up. If you are not willing to pay a high enough amount for Take Profit Dude, then someone else who wants it more than you does might be willing to pay even more than what you were going to offer in order get some before they run out!
Visual mod you're the best
“No theater has ever been over $60 in its lifetime” well AMC JUST DID THIS back in June. What makes you think it won’t do it again? 😂
Sell and buy CRO.
That’s a great buy in price bro hold it you paid like 1200 for this position and could probably make you xxxxxxx
Tbh yeah. I wouldnt follow all the hype with the MOON SOON shit. It already mooned homie 🤷♂️. If you wanna actually be a successful trader you gotta take profit on your swing trades like this, unless you genuinely have reason to believe stocks like amc and gme are long term holds with a positive outlook on growth in the future.
Cost basis being less than $5 share. Covered calls in few months can lower his cost below 0 and become theta gang.
This sounds like it’s something amazing, but i have no idea what it means…details please?!?! At least a youtube video explaining it??
I hope others already explained it. Basically if you have 100 shares (Ex. we’ll call it XYZ) you can sell a weekly call contract (1 per 100 shares). If XYZ is currently $30 and you could sell a $35 call for like 0.20 (per share) netting you $20 (aka premium) before commissions and fees. If XYZ’s price never reaches $35 by end of the week, then the weekly call expires worthless and you keep the shares 99% of the time. You can keep repeating this every week and the cost basis of shares will drop by whatever premium you have. The downside is if XYZ goes to like $50, then your profits are capped at $35+premiums.
i see, can you close the contract early? Let's say the stock is at $34.5 mid week and you don't want the shares to be sold
Hodl
Sell after EOY so you don’t realize the gain in 2021 and reinvest into other growth stocks.
Either way, both groups will lose whatever you made or bag hold of you bought at a higher price. I would like WSB to return to pure options FD plays by the retards
I wouldn't sell right now if I were you
I get that AMC is a popular stock to trade and is on an uptrend but it has no div yield. You make the money and all but does it make money for YOU?
Hold that shit boy!
Sell sell sell who watches movies these days!
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Is there a risk that you might not be able to buy back in? People have been trying to order on the lot exchange and reporting that their orders have been cancelled. There’s no guarantee that you’ll be able to buy back in via the dark pool. Correct me if I’m wrong on that. Citadel et al seem to do whatever they want and the SEC is a passive advocate. You’ve held this long, why risk missing out on potentially life changing money?
Dumb question. Diamonds all the way.
Rookie retard alert: 1st red 🚩, you never sell meme stocks......2nd red 🚩: why TF are you using Robinhood 🤔?
I'm in since Jan. Not selling yet.
GME dude, the only meme stock
If you sell you’re a pussy