Anyone Can Do It (Supposedly)

Hi Shoppers,

Trading, of all things, is the latest trend.  

Maybe lockdown has given people more time to look at their phones … which is just what we needed

“Social media platforms,” the Wall Street Journal recently opined, “have become the new Wall Street trading desks.”

Think about that, the Designated Market Makers (DMMs) of the NYSE need to pay attention to all of the social media platforms in case any of their stocks are the next hottest thing … or the next target.

As a trader with decades of experience, including years in the pit, I can’t overstate how incredible that is to me.


So there is a literal long/short war on Twitter over Gamestop (Ticker: GME).  

Citron Research argues the reasons GME should be $20.

Everyone else is boasting how much money they have made being long GME.

Even Jim Cramer tweeted on Tuesday how more shares of GME traded than there are shares outstanding.

GME’s average daily volume is 15 million shares …

On Friday it traded 197 million shares!

It was also up a whopping 51% on the day closing at $65!

That’s bad news for those with short positions, who are forced to scramble as the price spikes.

Or as Option Pit’s COO Andrew “AG” Giovinazzi would say, “Squeeze city!”

Apparently there is a Twitter user (Tweeter? Tweetist?) out there who finds high short interest in stocks and puts out the alert for everyone to buy.

The buyers then tweet things like …

“Our job is to come and destroy the shorts. Did my part with 230k.”

And …

“Squeeze will be epic.”

And …

Another guy posting a picture of his dogs said, “The homies and I watching $AMC take off into orbit.”

Let’s just say a lot of color out there!

It is actually all very entertaining!

But … losing money is NOT entertaining or fun at all.

Doing It Right

Another recommendation of the short squeeze tweet … caster (?) is AMC Entertainment Holdings (Ticker: AMC).

AMC was up over 17% on Friday, trading over 268 million shares with an average daily volume of 38 million. See the chart below.

This is where Option Pit Founder and CEO Mark Sebastian identified a trading opportunity with his proprietary Little John trading system.

Mark saw what was happening in AMC on Friday and picked his place to jump in …

For Little John members, he was there to share exactly which option to buy and what to pay for it. (Which is slightly more useful than, “Squeeze will be epic.”)

Mark also guides you and alerts members re: where and when he’s getting out profitably … so that they and the “homies” don’t end up in the dog house.

And speaking of … Mark is hosting one-time event next week on you can profit from “dumb money.” It’s well worth your time to check it out here.

Thanks for reading … See You Next Tuesday!

Licia Leslie

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