What a week.

Held Jan ‘27 $12 then Jan ‘27 $10 POET calls for months. Had major conviction despite the ticker being stuck in neutral between $5 and $7 most days. CFOs interview burned the short report last week. Sold mid-week, took profits, bought more calls. Sold all of my position Friday, profited about $130k in total. Took out $170k in cash. Bought 400 $15 calls expiring 5/15 incase the run continued with the remaining money.

The run did not continue.

This has been my best trade ever despite the massive loss today. Absolutely insane two weeks for the stock. It may tank but the company still holds $400m in cash.

Going to mostly watch from the sideline as the $170k goes into a HYSA and I find a new ticker to obsess over and establish a position.

Cash out when you get lucky, folks.

GLTA and GFY

https://www.reddit.com/gallery/1sxnyez

Posted by RealityBeOn1

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28 Comments

  1. EducationCorrect7083 on

    Bruh you played that like a degenerate genius. Locked in 170k, rolled the dice on lottos, got smacked, and still walked away with life changing profits and a story.

    Anyone chirping about the lost upside is coping, you literally did the WSB dream run.

  2. Mandatory_Fun_2469 on

    For a second I thought that 9% dip on Thursday might actually have been insiders selling (since that was when they got the letter from Marvell), but then I took off my tin foil hat and remembered that insiders didn’t own any shares to begin with.

    Congrats bro. This is exactly why you should never feel bad for taking profits.

  3. Not bad compared to the other guy who lost 70% of his gains, you only lost around 38%.

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