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MJ DeMarco
I followed the science; all I found was money.
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Or if you're feeling speculative, the only (safe) option play on this are spreads to invalidate the high implied volatilies ... I'd go with long put spreads or short call spreads, namely because Gamestop is a turd of a company.
Out of curiosity I tried to buy a long call spread on AMC and was denied -- first the spread, and then the legs.
You can only buy long calls ... TDA has restricted any kind of "sell to open"
Unbelievable, considering my account is seven figures with full portfolio margin.
Having these option strategies disallowed is like going to war with sticks and stones. They've ensured that the only bets to be made, are the sucker bets ... that's like taking away the double down in blackjack, except when dealt cards 12 thru 16. Gee thanks!
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