I've done little to no DD on this stock. The reason why i'm even mentioning it is because it's touched the 50DMA which means nothing really and it's part of the GME/AMC/HOOD meme basket. After the meme basket move today thanks to Bobby, i'm basically throwing some money atGRABwhich is part of the basket to see if something happens. Oddly enough the options chain for February for GRAB is waaaaaaay loaded and IV is really low. The only downside are the TERRIBLE spreads.
The company itself is pretty bad and it's reason to be in the meme basket is to server as a weight to drag everything down, but with the recent bobby development, tomorrow there's a decent chance for everything in the basket to do SOMETHING, so i'm just picking the stock with the most overloaded options chain for Feb & the cheapest options. That's all.
Congrats on the other meme basket winners today.
The company itself is pretty bad and it's reason to be in the meme basket is to server as a weight to drag everything down, but with the recent bobby development, tomorrow there's a decent chance for everything in the basket to do SOMETHING, so i'm just picking the stock with the most overloaded options chain for Feb & the cheapest options. That's all.
Congrats on the other meme basket winners today.
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The market doesn't look too well to be honest. This might've been a bad idea. I think i'm gonna exit this one today with a loss to at least recover something rather than have a 100% loss.