Stonk Madness

[Otter]

(01-29-2021, 10:46 AM)john Wrote:

(01-29-2021, 09:47 AM)Otter Wrote: I toilet paper handed my GME shares for a 38% gain, and NOK weeklies for a 36% gain. Might put a gazebo over the new hot tub whenever the snow melts.

Did my part yesterday bought 1 share GME @218 #cantstopwontstopgamestop!
Tried to sell a 4.50 cash secured put on NOK yesterday expiring today for .28 and TD Ameritrade had it restricted, free market my ass.
This is going to leave a bad taste for a long time

This is the craziest implied volatility I have ever seen. I sold those Puts when GME was just under $40. In a sane market, they could be bought back for $0.01/contract with GME over $300. 

Assuming GME stays above $20 through February 19 (which is why I sold them in the first place), I'm curious just how close to expiry we have to get for those puts to be worth less than I sold them for.