First, let’s begin with the positives:

Yesterday, I saw $BTC going to all-time highs and decided to buy $20K worth of $HOOD to capture some movement in premarket or at the open. I was more successful this time than when I attempted the same strategy on Friday. I gave the trade some time to breathe at open and captured some of $BTC’s velocity.

Trade 1: +$474 (Realized)

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Today, $HOOD was down at the open while $BTC was up. Any time I see a divergence of the two, I’m always looking for opportunity. I opened 3 cash-secured puts on $HOOD. After about an hour, the price of $HOOD had drifted back up and I was able to capture some profit by buying the contracts back.

Trade 2: +$198 (Realized)

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Where things went screwy was deciding to try and play one of my old flames: $GME. I’ll explain why below the current scoreboard:

Trade 3: -$100 (Unrealized)

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Side note: I didn’t have to liquidate any previous positions to open this trade; I transferred some funds I had sitting in my bank.

$GME has a long history of crackpot tin foil theories, crazy price movement, and surprisingly stout resiliency when faced with new lows. I won’t explain failure-to-delivers (FTDs) here in this moment, but a bunch of them are coming due on Thursday, which some believe will cause upward price movement as shorts are forced to come up with missing shares:

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