Jeff 4:04 pm on Thursday, January 28, 2021

GME up again

Up to $338 in after-hours (from 197 close) after RobinHood says it will reopen trading on Friday.

fuzzballl 4:19 pm on Thursday, January 28, 2021

Run baby run!
jsd501 4:32 pm on Thursday, January 28, 2021

IMHO, The little guy, will in the long run get screwed. They always do and always will.
- fuzzballl 4:59 pm on Thursday, January 28, 2021
  
  No doubt about it. But…I think the opportunity here with XRT to the downside is as good as anything I’ve seen since nat gas (BOIL) on Nov 12, 2018.
  
  I’ll definitely be looking to buy puts again if XRT gets back to mid 90’s (GME over 400). Originally playing them with the LEAPS in case I got stuck in them for awhile I could reduce basis but the liquidity wasn’t all that great.
  
  Looking through the chains now to find something more active but still a few months out. Eventually GME will be at 20 again and XRT back to 70 or lower.
  
  That’s my theory anyway! LOL
  
  EDIT….to help a little with safety I’ll maybe plan on being flat when TGT or WMT has earnings that might really move it. I’m only playing the GME moves.
  - fuzzballl 5:13 pm on Thursday, January 28, 2021
    - Option Iceman 6:22 pm on Thursday, January 28, 2021
      
      XRT – thanks for the info. Where can I see that?
      The options are not vey liquid but its a lower risk way to play the GME madness
      Looking for new Bear Call Diagonals tomorrow
      - fuzzballl 3:50 am on Friday, January 29, 2021
        
        https://www.etfchannel.com/
  - jsd501 5:19 pm on Thursday, January 28, 2021
    
    I can’t get excited about XRT. Good luck.