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Re: Wishthiswasmyjob post# 38794

Friday, 05/28/2021 6:54:27 PM

Friday, May 28, 2021 6:54:27 PM

Post# of 143555
AMC is just starting
What you saw today is called FOMO (fear of missing out)
What you must not realize is how options work
1. Options work like this let’s say you think AMC is going to 50 next Friday
2. You pay a small fee to bet that
3. Every Friday they expire and get bought Monday


AMC stated this week out at 12 and now at 25 that means at least 10 million shares in the money that be bought Tuesday
Plus the HF are paying big bucks to keep shorting and are charged more for higher price
This coming week we will see gamma squeeze IMO BECUASE IF ALL THE OPTIONS IN THE MONEY THIS WEEK. This causes a domino effect each week
Soon the shorts get margin call from bank because of it and this is where the short squeeze happens
Prices will jump in dollars not cents at this point all this is my opinion
Just ask yourself are you happy with the small profits and will be fine if this goes into the thousands. I know I have personal missed out lots of times. I bother be broke then miss out on being filthy rich. I already know what it is like being broke
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