To The Moon

game stop Do not stop the game sell put at recen Low Near at $17 

$GameStop(GME)$ $AMC Entertainment(AMC)$ 

Alrighty then! Let's talk about the wild ride of GameStop and AMC Entertainment, and how we can put on a funny face and make some money out of it. Buckle up, folks!

So, GameStop, the stock that took the world by storm. It was like a comedy movie on steroids, with prices shooting up and down like a rubber-faced actor doing wacky expressions. And guess what? The game ain't stopping yet! Nah, we're gonna ride this rollercoaster and have some fun along the way.

Now, here's the plan. We're gonna sell a cash-covered put option on GameStop at the recent low near $17. Oh, boy, that's a bold move, just like taking on a crazy character! And to sweeten the deal, we're gonna grab a premium of $0.50. Cha-ching!

But hold your horses, folks. We're not in for a quick laugh. We'll give it some time, because, hey, patience is a virtue, right? We gotta let the market play out its comedy routine before we collect our winnings.

Now, what's this cash-covered call all about, you ask? Well, it means we have enough cash in our account to buy the shares if the stock price drops below the strike price. It's like having money in the bank to cover any potential losses. You know, it's always good to have a backup plan, just like an actor who knows how to ad-lib in case the script goes off track.

Now, let's talk numbers. Keep in mind that a standard options contract represents 100 shares of the underlying stock. So, in this case, selling one cash-covered put option on GameStop means we're on the hook for potentially buying 100 shares if the stock price goes below the strike price.

But fear not, my friends. We're not diving into this comedy chaos blindly. We've calculated the risks. The maximum loss we could face is if the stock price plummets to zero. Yeah, it's like a comedy skit gone horribly wrong. In that case, we'd have to buy 100 shares at the strike price of $17, which would result in a loss of $1,700. Ouch! But hey, let's not dwell on the negatives. We're here to find the humor in all this madness.

Now, let's talk profits. The maximum profit we can make from this cash-covered put option is the premium we collected. In this case, it's $0.50 per share, so for one contract, it's $50. Not bad for a few laughs, huh?

But remember, folks, this ain't no laughing matter. Options trading can be as unpredictable as those facial expressions. It's like there's a thousand different ways to make you laugh or cry, and the market can do the same. So, we gotta be prepared for anything.

Now, let's take a moment to imagine that victorious feeling when we're counting our winnings. It's like doing a crazy victory dance, waving our arms in the air, and shouting, "I did it! I made money out of this comedy chaos!"

But wait, let's not forget the risks. Options trading can be like a scene from a comedy where everything goes hilariously wrong. So, we gotta be aware of the potential pitfalls. If the stock price goes below the strike price, we might have to buy those shares at a higher market price. And that, my friends, could be a not-so-funny moment.

But fear not, fellow traders! With a clear strategy, a touch of humor, and cash in the bank to cover any potential losses, we can navigate this comedy circus. We'll keep an eye on those stock

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As always do your on due diligence and tradings have risks

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