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Re:The Battle of GameStop by TurkishPoptart on Tuesday January 26, 2021 @06:39PM (#25922366)
Is it worthwhile to buy long-term calls and puts then? Like 6-9 months out?
Re:The Battle of GameStop by Mobleysoft on Wednesday January 27, 2021 @11:42AM (#25930338)
LEAPS(Long Term Equity Anticipation Securities) calls, 1-2 years out in something too important to fail at a current all time low that the big shorters are ganged-up against is the value bet to look for. My 1/20/23 $3 AMC LEAPS calls that I've been accumulating since the pandemic struck long before wall street bets took notice are up 227% today as of 10 seconds ago for the day, and 822% overall. Granted, I'm benefiting from the commotion going on, but I'm holding until the end, because I believe in the long term fundamentals of AMC and hope to be positioned to exercise rather than sell by the time expiry arrives. (Edit: wording.)