Eledhel personal page - To The Moon

Eledhel

Eledhel

No personal profile

28Follow

1Followers

0Topic

0Badge

2021-02-23

Facebook and Google

FAAMG Face-Off: Who Has Outperformed in 2021?

2020-12-03

$Health Catalyst, Inc.(HCAT)$ buy up to $40

2021-02-23

$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$Time to go in?

2022-04-20

China merchant bank CEO defined because of corruption? 😭

2022-04-16

China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger and therefore profits will be higher

2022-04-15

Let's get the easter eggs

@TigerEvents:🏆【GAME】Hunting Eggs for Extra Saving!

2021-03-01

What do you all think of this SPAC?

2021-02-27

Power to the people!

Gamestop And High Volatility Options

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":3558523851490853,"uuid":"3558523851490853","gmtCreate":1595435732855,"gmtModify":1606989812428,"name":"Eledhel","pinyin":"eledhel","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":28,"tweetSize":8,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.03","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.16%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.22","exceedPercentage":"60.70%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9086841264,"gmtCreate":1650439769462,"gmtModify":1676534724625,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"China merchant bank CEO defined because of corruption? 😭","listText":"China merchant bank CEO defined because of corruption? 😭","text":"China merchant bank CEO defined because of corruption? 😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086841264","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083203534,"gmtCreate":1650118467074,"gmtModify":1676534650701,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger&nbsp;and therefore&nbsp;profits will be higher","listText":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger&nbsp;and therefore&nbsp;profits will be higher","text":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger and therefore profits will be higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083203534","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089529004,"gmtCreate":1650007874835,"gmtModify":1676534628400,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Let's get the easter eggs","listText":"Let's get the easter eggs","text":"Let's get the easter eggs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089529004","repostId":"9016476123","repostType":1,"repost":{"id":9016476123,"gmtCreate":1649229403658,"gmtModify":1676534474180,"author":{"id":"3527667667103859","authorId":"3527667667103859","authorIdStr":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859"},"themes":[],"title":"🏆【GAME】Hunting Eggs for Extra Saving!","htmlText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","text":"Tiger has prepared some Easter gifts for you, please click here to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","images":[{"img":"https://community-static.tradeup.com/news/15b435c0d10e0e89ad3e06b7bbd04830","width":"2251","height":"1334"},{"img":"https://community-static.tradeup.com/news/ff9640a9df2f24446e07b7a9b658cb4b","width":"1200","height":"630"},{"img":"https://community-static.tradeup.com/news/795038848b7c7b1d7dda27d92b580946","width":"1656","height":"948"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016476123","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366479645,"gmtCreate":1614558509187,"gmtModify":1704772376820,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"What do you all think of this SPAC?","listText":"What do you all think of this SPAC?","text":"What do you all think of this SPAC?","images":[{"img":"https://static.tigerbbs.com/28be864a3f53fc88a1f73ee81329a7ea","width":"1080","height":"2256"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366479645","isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":366101737,"gmtCreate":1614403004329,"gmtModify":1704771596945,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Power to the people!","listText":"Power to the people!","text":"Power to the people!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366101737","repostId":"1146313632","repostType":4,"repost":{"id":"1146313632","pubTimestamp":1614334339,"share":"https://ttm.financial/m/news/1146313632?lang=&edition=fundamental","pubTime":"2021-02-26 18:12","market":"us","language":"en","title":"Gamestop And High Volatility Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1146313632","media":"Options AI: Learn","summary":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from ","content":"<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><hr><p><b>Gamestop: The Expected Move</b></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p>Gamestop: Call Spreads vs Outright Calls</p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>And next, the 145/200 debit call spread:</p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p>Directional Butterflies vs Outright Puts</p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p>","source":"lsy1614334070724","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gamestop And High Volatility Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGamestop And High Volatility Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://learn.optionsai.com/gamestop-and-high-volatility-options/><strong>Options AI: Learn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique ...</p>\n\n<a href=\"https://learn.optionsai.com/gamestop-and-high-volatility-options/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://learn.optionsai.com/gamestop-and-high-volatility-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146313632","content_text":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.Gamestop: The Expected MoveFirst, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):Gamestop: Call Spreads vs Outright CallsUsing March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.With Gamestop near $105, the March 19th 110/190 Debit Call Spread is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:And next, the 145/200 debit call spread:As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).Directional Butterflies vs Outright PutsHigh volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363079064,"gmtCreate":1614087428658,"gmtModify":1704887911811,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QCLN\">$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$</a>Time to go in?","listText":"<a href=\"https://laohu8.com/S/QCLN\">$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$</a>Time to go in?","text":"$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$Time to go in?","images":[{"img":"https://static.tigerbbs.com/14105e536243f8392e585d3b2db31a69","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363079064","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":363091957,"gmtCreate":1614080482479,"gmtModify":1704887808704,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Facebook and Google","listText":"Facebook and Google","text":"Facebook and Google","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363091957","repostId":"1181552401","repostType":4,"repost":{"id":"1181552401","pubTimestamp":1614077564,"share":"https://ttm.financial/m/news/1181552401?lang=&edition=fundamental","pubTime":"2021-02-23 18:52","market":"us","language":"en","title":"FAAMG Face-Off: Who Has Outperformed in 2021?","url":"https://stock-news.laohu8.com/highlight/detail?id=1181552401","media":"TheStreet","summary":"Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a l","content":"<p>Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise.</p>\n<p>We are about eight weeks into 2021, and the new year has not looked much like 2020 in the equities market.</p>\n<p>Yes, stocks continue to produce strong returns, following up on the recovery from the February-to-March bear market. The S&amp;P 500 has been up about 4% so far. However, the market dynamic has shifted.</p>\n<p>Tech and growth stocks, the big winners of the first nine months of 2020, have been out of favor this year. Meanwhile, the small cap and value factors have outperformed. See chart below: the purple and yellow lines represent the latter group, while the green and blue lines reflect the former.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734477d535fafdb774f9d5bb3caea855\" tg-width=\"1240\" tg-height=\"663\"><span>Tech, Growth, Small Caps and Value Factors performance chart.</span></p>\n<p><b>Big Tech struggles</b></p>\n<p>With the undeperformance in tech and growth came dismal price behavor for the FAAMG stocks: Facebook, Amazon, Apple, Microsoft and Google’s Alphabet. The chart below shows that the group has lagged behind the S&amp;P 500, with year-to-date return of only 1.8%.</p>\n<p>However, not all Big Tech names have been losers in 2021. Microsoft, for example, has seen gains of nearly 6% so far. I chose this stock as&nbsp;my top FAAMG pick for the new year, and the bullish case was&nbsp;recently reinforced by a killer fourth quarter. I have not been disappointed until now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8846aa0391c89021b7ec6d93639ea62\" tg-width=\"1240\" tg-height=\"646\"><span>FAAMG performance chart.</span></p>\n<p><b>Alphabet: winner so far</b></p>\n<p>However, the best FAAMG stock of 2021 has been Alphabet. Shares have climbed an impressive 18% so far in the new year, lavishly beating whatever relevant benchmark or peer one chooses to look at.</p>\n<p>Part of the reason for the recent rally has been Alphabet’s killer earnings report, delivered inlate January. The company topped expectations by a wide margin, and Wall Street analysts followed up with a barrage of target price increases.</p>\n<p>The other plausible reason has to do with valuation. Alphabet was the worst performing FAAMG stock in 2020. At the end of the year, a forward price-earnings ratio of only 21.6 times looked highly compelling, having expanded the least among its five key peers throughout the twelve-month period.</p>\n<p>The combination of strong fundamentals and reasonable price seems to be working very well for the Mountain View, California-based tech giant.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FAAMG Face-Off: Who Has Outperformed in 2021?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFAAMG Face-Off: Who Has Outperformed in 2021?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 18:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise....</p>\n\n<a href=\"https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","GOOGL":"谷歌A","AAPL":"苹果","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181552401","content_text":"Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise.\nWe are about eight weeks into 2021, and the new year has not looked much like 2020 in the equities market.\nYes, stocks continue to produce strong returns, following up on the recovery from the February-to-March bear market. The S&P 500 has been up about 4% so far. However, the market dynamic has shifted.\nTech and growth stocks, the big winners of the first nine months of 2020, have been out of favor this year. Meanwhile, the small cap and value factors have outperformed. See chart below: the purple and yellow lines represent the latter group, while the green and blue lines reflect the former.\nTech, Growth, Small Caps and Value Factors performance chart.\nBig Tech struggles\nWith the undeperformance in tech and growth came dismal price behavor for the FAAMG stocks: Facebook, Amazon, Apple, Microsoft and Google’s Alphabet. The chart below shows that the group has lagged behind the S&P 500, with year-to-date return of only 1.8%.\nHowever, not all Big Tech names have been losers in 2021. Microsoft, for example, has seen gains of nearly 6% so far. I chose this stock as my top FAAMG pick for the new year, and the bullish case was recently reinforced by a killer fourth quarter. I have not been disappointed until now.\nFAAMG performance chart.\nAlphabet: winner so far\nHowever, the best FAAMG stock of 2021 has been Alphabet. Shares have climbed an impressive 18% so far in the new year, lavishly beating whatever relevant benchmark or peer one chooses to look at.\nPart of the reason for the recent rally has been Alphabet’s killer earnings report, delivered inlate January. The company topped expectations by a wide margin, and Wall Street analysts followed up with a barrage of target price increases.\nThe other plausible reason has to do with valuation. Alphabet was the worst performing FAAMG stock in 2020. At the end of the year, a forward price-earnings ratio of only 21.6 times looked highly compelling, having expanded the least among its five key peers throughout the twelve-month period.\nThe combination of strong fundamentals and reasonable price seems to be working very well for the Mountain View, California-based tech giant.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":396015879,"gmtCreate":1606988812191,"gmtModify":1704968207981,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HCAT\">$Health Catalyst, Inc.(HCAT)$</a> buy up to $40","listText":"<a href=\"https://laohu8.com/S/HCAT\">$Health Catalyst, Inc.(HCAT)$</a> buy up to $40","text":"$Health Catalyst, Inc.(HCAT)$ buy up to $40","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/396015879","isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","authorIdStr":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145"},"content":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":363091957,"gmtCreate":1614080482479,"gmtModify":1704887808704,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Facebook and Google","listText":"Facebook and Google","text":"Facebook and Google","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/363091957","repostId":"1181552401","repostType":4,"repost":{"id":"1181552401","pubTimestamp":1614077564,"share":"https://ttm.financial/m/news/1181552401?lang=&edition=fundamental","pubTime":"2021-02-23 18:52","market":"us","language":"en","title":"FAAMG Face-Off: Who Has Outperformed in 2021?","url":"https://stock-news.laohu8.com/highlight/detail?id=1181552401","media":"TheStreet","summary":"Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a l","content":"<p>Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise.</p>\n<p>We are about eight weeks into 2021, and the new year has not looked much like 2020 in the equities market.</p>\n<p>Yes, stocks continue to produce strong returns, following up on the recovery from the February-to-March bear market. The S&amp;P 500 has been up about 4% so far. However, the market dynamic has shifted.</p>\n<p>Tech and growth stocks, the big winners of the first nine months of 2020, have been out of favor this year. Meanwhile, the small cap and value factors have outperformed. See chart below: the purple and yellow lines represent the latter group, while the green and blue lines reflect the former.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/734477d535fafdb774f9d5bb3caea855\" tg-width=\"1240\" tg-height=\"663\"><span>Tech, Growth, Small Caps and Value Factors performance chart.</span></p>\n<p><b>Big Tech struggles</b></p>\n<p>With the undeperformance in tech and growth came dismal price behavor for the FAAMG stocks: Facebook, Amazon, Apple, Microsoft and Google’s Alphabet. The chart below shows that the group has lagged behind the S&amp;P 500, with year-to-date return of only 1.8%.</p>\n<p>However, not all Big Tech names have been losers in 2021. Microsoft, for example, has seen gains of nearly 6% so far. I chose this stock as&nbsp;my top FAAMG pick for the new year, and the bullish case was&nbsp;recently reinforced by a killer fourth quarter. I have not been disappointed until now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8846aa0391c89021b7ec6d93639ea62\" tg-width=\"1240\" tg-height=\"646\"><span>FAAMG performance chart.</span></p>\n<p><b>Alphabet: winner so far</b></p>\n<p>However, the best FAAMG stock of 2021 has been Alphabet. Shares have climbed an impressive 18% so far in the new year, lavishly beating whatever relevant benchmark or peer one chooses to look at.</p>\n<p>Part of the reason for the recent rally has been Alphabet’s killer earnings report, delivered inlate January. The company topped expectations by a wide margin, and Wall Street analysts followed up with a barrage of target price increases.</p>\n<p>The other plausible reason has to do with valuation. Alphabet was the worst performing FAAMG stock in 2020. At the end of the year, a forward price-earnings ratio of only 21.6 times looked highly compelling, having expanded the least among its five key peers throughout the twelve-month period.</p>\n<p>The combination of strong fundamentals and reasonable price seems to be working very well for the Mountain View, California-based tech giant.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FAAMG Face-Off: Who Has Outperformed in 2021?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFAAMG Face-Off: Who Has Outperformed in 2021?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 18:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise....</p>\n\n<a href=\"https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","GOOGL":"谷歌A","AAPL":"苹果","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/apple/news/faamg-face-off-who-has-outperformed-in-2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181552401","content_text":"Stocks continue to produce strong returns in 2021, but Big Tech has been falling behind. Here is a look at how each FAAMG name has performed so far in the new year – the winner may come as a surprise.\nWe are about eight weeks into 2021, and the new year has not looked much like 2020 in the equities market.\nYes, stocks continue to produce strong returns, following up on the recovery from the February-to-March bear market. The S&P 500 has been up about 4% so far. However, the market dynamic has shifted.\nTech and growth stocks, the big winners of the first nine months of 2020, have been out of favor this year. Meanwhile, the small cap and value factors have outperformed. See chart below: the purple and yellow lines represent the latter group, while the green and blue lines reflect the former.\nTech, Growth, Small Caps and Value Factors performance chart.\nBig Tech struggles\nWith the undeperformance in tech and growth came dismal price behavor for the FAAMG stocks: Facebook, Amazon, Apple, Microsoft and Google’s Alphabet. The chart below shows that the group has lagged behind the S&P 500, with year-to-date return of only 1.8%.\nHowever, not all Big Tech names have been losers in 2021. Microsoft, for example, has seen gains of nearly 6% so far. I chose this stock as my top FAAMG pick for the new year, and the bullish case was recently reinforced by a killer fourth quarter. I have not been disappointed until now.\nFAAMG performance chart.\nAlphabet: winner so far\nHowever, the best FAAMG stock of 2021 has been Alphabet. Shares have climbed an impressive 18% so far in the new year, lavishly beating whatever relevant benchmark or peer one chooses to look at.\nPart of the reason for the recent rally has been Alphabet’s killer earnings report, delivered inlate January. The company topped expectations by a wide margin, and Wall Street analysts followed up with a barrage of target price increases.\nThe other plausible reason has to do with valuation. Alphabet was the worst performing FAAMG stock in 2020. At the end of the year, a forward price-earnings ratio of only 21.6 times looked highly compelling, having expanded the least among its five key peers throughout the twelve-month period.\nThe combination of strong fundamentals and reasonable price seems to be working very well for the Mountain View, California-based tech giant.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":396015879,"gmtCreate":1606988812191,"gmtModify":1704968207981,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HCAT\">$Health Catalyst, Inc.(HCAT)$</a> buy up to $40","listText":"<a href=\"https://laohu8.com/S/HCAT\">$Health Catalyst, Inc.(HCAT)$</a> buy up to $40","text":"$Health Catalyst, Inc.(HCAT)$ buy up to $40","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/396015879","isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","authorIdStr":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145"},"content":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363079064,"gmtCreate":1614087428658,"gmtModify":1704887911811,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QCLN\">$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$</a>Time to go in?","listText":"<a href=\"https://laohu8.com/S/QCLN\">$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$</a>Time to go in?","text":"$First Trust NASDAQ Clean Edge Green Energy Idx Fd(QCLN)$Time to go in?","images":[{"img":"https://static.tigerbbs.com/14105e536243f8392e585d3b2db31a69","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363079064","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9086841264,"gmtCreate":1650439769462,"gmtModify":1676534724625,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"China merchant bank CEO defined because of corruption? 😭","listText":"China merchant bank CEO defined because of corruption? 😭","text":"China merchant bank CEO defined because of corruption? 😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086841264","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083203534,"gmtCreate":1650118467074,"gmtModify":1676534650701,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger&nbsp;and therefore&nbsp;profits will be higher","listText":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger&nbsp;and therefore&nbsp;profits will be higher","text":"China expected to review banks' reserve ratio next week. Hopefully that means banks lendable sums are larger and therefore profits will be higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083203534","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089529004,"gmtCreate":1650007874835,"gmtModify":1676534628400,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Let's get the easter eggs","listText":"Let's get the easter eggs","text":"Let's get the easter eggs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089529004","repostId":"9016476123","repostType":1,"repost":{"id":9016476123,"gmtCreate":1649229403658,"gmtModify":1676534474180,"author":{"id":"3527667667103859","authorId":"3527667667103859","authorIdStr":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859"},"themes":[],"title":"🏆【GAME】Hunting Eggs for Extra Saving!","htmlText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","text":"Tiger has prepared some Easter gifts for you, please click here to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","images":[{"img":"https://community-static.tradeup.com/news/15b435c0d10e0e89ad3e06b7bbd04830","width":"2251","height":"1334"},{"img":"https://community-static.tradeup.com/news/ff9640a9df2f24446e07b7a9b658cb4b","width":"1200","height":"630"},{"img":"https://community-static.tradeup.com/news/795038848b7c7b1d7dda27d92b580946","width":"1656","height":"948"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016476123","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366479645,"gmtCreate":1614558509187,"gmtModify":1704772376820,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"What do you all think of this SPAC?","listText":"What do you all think of this SPAC?","text":"What do you all think of this SPAC?","images":[{"img":"https://static.tigerbbs.com/28be864a3f53fc88a1f73ee81329a7ea","width":"1080","height":"2256"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366479645","isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":366101737,"gmtCreate":1614403004329,"gmtModify":1704771596945,"author":{"id":"3558523851490853","authorId":"3558523851490853","authorIdStr":"3558523851490853","name":"Eledhel","avatar":"https://static.tigerbbs.com/1be5eeb0fdc0d145559513afc23948fb","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558523851490853"},"themes":[],"htmlText":"Power to the people!","listText":"Power to the people!","text":"Power to the people!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366101737","repostId":"1146313632","repostType":4,"repost":{"id":"1146313632","pubTimestamp":1614334339,"share":"https://ttm.financial/m/news/1146313632?lang=&edition=fundamental","pubTime":"2021-02-26 18:12","market":"us","language":"en","title":"Gamestop And High Volatility Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1146313632","media":"Options AI: Learn","summary":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from ","content":"<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><hr><p><b>Gamestop: The Expected Move</b></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p>Gamestop: Call Spreads vs Outright Calls</p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>And next, the 145/200 debit call spread:</p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p>Directional Butterflies vs Outright Puts</p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p>","source":"lsy1614334070724","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gamestop And High Volatility Options</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGamestop And High Volatility Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://learn.optionsai.com/gamestop-and-high-volatility-options/><strong>Options AI: Learn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique ...</p>\n\n<a href=\"https://learn.optionsai.com/gamestop-and-high-volatility-options/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://learn.optionsai.com/gamestop-and-high-volatility-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146313632","content_text":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.Gamestop: The Expected MoveFirst, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):Gamestop: Call Spreads vs Outright CallsUsing March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.With Gamestop near $105, the March 19th 110/190 Debit Call Spread is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:And next, the 145/200 debit call spread:As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).Directional Butterflies vs Outright PutsHigh volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}