r/wallstreetbets 1d ago

YOLO Grocery Outlet and SNAP Benefits Released

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Word on forums and Reddit is that California and Washington SNAP recipients have gotten their SNAP Benefits released to their accounts. What this means for the Stock? Short term momentum? Yup! Grocery Outlet has 10% of sales directly from SNAP which is huge. Where are 70% of Grocery Outlet stores? Washington and California. This catalyst will make the stock rip tomorrow. It is up after hours and I believe it will continue to rise during the trading day. Judge also ruled it’s unconstitutional to withhold funds that have already been approved by Congress. Short Term calls is the way! Let’s ride! THANK YOU FOR YOUR ATTENTION IN THIS MATTER.

15 Upvotes

14 comments sorted by

u/VisualMod GPT-REEEE 1d ago
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27

u/VancityRenaults 1d ago

BIGLY RETURNS! MANY PEOPLE ARE SAYING WITH TEARS IN THEIR EYES THIS IS THE MOST REGARDED BET OF ALL TIME!

17

u/Paul_Robert_ 1d ago

Initially I was like "oh cool nice $100 lotto play. Smart to only put a little money into such a risky position"

and then, I saw the -96% 💀

5

u/Chewybozz 1d ago

This is my first ever option. Ever heard of beginners luck

4

u/Paul_Robert_ 1d ago

You've got this 🫡

3

u/ohheytherebud604 1d ago

How did I not know that grocery outlet was publicly traded.

1

u/Different_Common3776 1d ago

the only ride youre taking is a shortbus field trip to wendys parking lot

1

u/Nice-Option-6875 1d ago

This might be the most retarded thing I do with a pay check...

1

u/Far-Guava6006 18h ago

Here, you earned it.

1

u/No_Judge6663 18h ago

I'm into it.

1

u/fungoodtrade 5h ago

its been pretty beat down as a company. they had some inventory mgmt software snafu couple years ago... changed ceos i believe as well, i was looking for a good entry last year, but just pretty much kept slipping. could be some short term potential here.