It’s that time of the season again. The witching hour is among us. Open contracts come to a close and either money is made or lost but the reset button has been pressed. All eyes will be on the mother of all squeezes in AMC and other so-called meme stocks like GME and other retail investor favorites. In crypto news, the market as a whole is in a bit of a slump over the past few days. One coin that remains resilient through the choppiness is again Solana, but this coin is looking to be SOL 2.0. Are you ready?

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Welcome to another episode of Money Talk Sundayz. I’m your Investment bro, Stevie Bee. You know the drill, hit that like share and subscribe and let’s jump right into it.

Quadwiching is upon us again. Keep an eye on all of your open positions. I currently have a call option open on NNA based on some intel I came across and I’m currently down on it. If by Wednesday I don’t make at least a 30% profit than I’m out. NNA is Navios Maritime, a marine transportation business. It operates in Asia, Europe, and America. The firm owns fleets of crude oil, refined petroleum products, and chemical tankers.

I also have shares in MMAT, BBIG, BTX, VXRT and more. I anticipate a clearance sale this Friday so I’m saving to go holiday shopping come Black Friday.

There is one thing though that seems to be on the minds of many stonk traders, what’s going to happen with AMC? Are the institutions going to be able to cover their positions? The government is expected to hit their debt ceiling by mid-October. Naked shorts have flooded the market. Hurricane Ida as created a double whammy of a crisis in the gulf and the northeastern states. Billions of dollars have been poured into the economic recovery plan for this pandemic we’re almost 2 years in on. Threats of a market crash and serious correction are looming. People are nervous and wary as is the market performance over the past week.

Let’s say things go belly up. Will the institutions pay out to retail traders? Will the government bail out the banks again after over-leveraging? Well like I told another viewer last week, even if the hedgies are called to cover their bets they might not be able to. The amount of ghost shares currently out does need to be paid out but internally, a loophole, a bail out will be proffered. HODLers of AMC will not realize the fruits of their hactivism.

In a letter to congressional leaders Wednesday, Treasury Secretary Janet Yellen warned of a likely mid-October deadline to raise the debt ceiling. "The most likely outcome is that cash and extraordinary measures will be exhausted during the month of October," she wrote. She said that "waiting until the last minute" to tackle the issue could "cause serious harm to business and consumer confidence."

The cock fight continues between dems and republicans. Both agree that the debt ceiling needs to be raised but republicans want dems to do it without GOP support. That way, when it blows up they don’t have to take the blame.

I’m excited to see what happens Friday.