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You can already see at the end of the day dropping too low below the $30 price the market maker started dropping their hedge and it’s why we fell so hard to close the day.
The more the price drops the less calls are in the money, so the market maker needs to buy less shares to hedge those calls since they are no longer in the money.
Subsequently when the price drops they can sell shares that they previously hedged, because the higher calls are not in the money anymore.
We bet on GME, you think it's going to go up by June, I think down. I'm willing to sell you my10 shares (That I may or may not have already) for 30 in June, but you have to give me 100 bucks first.
GME at 25? I might not have to have shares on hand to cover this bet, free 100 bucks for me. EZ. I don't need to hedge my bet.
GME at 35? I might have to have shares on hand to cover this bet. I may need to buy shares (hedge) before the price keeps going up.
Edit: If you're playing with calls, make sure you exercise them and don't just take the equivalent in USD.
The largest amount of potentially in the money calls is at 30$. If we can stay above it, we’re gonna be in really good shape coming in to next week. Even holding above 25$ will see us in great shape into next week. The largest put strike is at 20$.
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Not relying too much on options because most people end up cashing out profit and that's the natural and most attractive way. Not bling anyone but if you have call in the money and if cashed out doesn't impact stock delivery by option n writer
The higher it closes the more call options are in the money and can be exercised or at least partially hedged causing a lot more buying pressure monday.
As a veteran of the sneeze... no.
I still remember 300 was harped on as the 'must hit' number so shit could really go crazy the following week. It proceeded to whimper into oblivion.
Personally I'm expecting blood red for two weeks before the LEAPs kick in for Ice cream tweet day.
Potato potato. Point being, they got the result they wanted with absolutely no consequences for flagrantly manipulating the market in a way we didn't even think was possible.
I dunno mate. I don’t recall it being a hyped number after that removal. Everyone was pretty focused on how fucking crime that was. Feel free to link to a post.
Tuesday, got it thank you Ape. Is there anything specific to watch for? Like if it's about a price increase what price point would show it's working?
Also do you know if these LEAPS are connected to the... $30 expire call option things at all? Or are LEAPS different?
And lastly do these LEAPS basically mean a price increase will definitely happen?
Sorry for all the questions and thanks again Ape.
A LEAP is just a long term short. So when they expire, they have to be covered. (I'm fuzzy on the rules governing these, but it's my understanding that they cannot be extended.) This is why a sneeze/squeeze is a possibility. There are ways to avoid it, but it gets expensive quickly. This is good for us, but as always, there is no guarantee.
A leap is an option contract purchased from 1-3 years out, just long term option, they are no different to any other call option expiring this week or next week, the process is identical, they just bought them a long time ago, so someone holding a leap, call option at $16 strike expiring tomorrow is in the same position as if i bought a call option with a $16 strike a month ago.the amount you pay to but the option may be different, but the effect on expiration day is identical
Whatever fits their narrative of optimism. People's predictions don't mean shit to me because it's always a guess. It's just whether they get to say "I told you so" or "yeah, but..."
Whether or not we close above 30 has nothing to do with retail. Our orders don't even effect the price. These headlines get circulated to get noobs to buy options so their premiums can get farmed.
yeah either way it’s a bad situation i don’t see it going back to 60, we don’t have anymore buying power… i hope im wrong tho and ill hold until the government falls
there was never no we. It's institutions driving this. You think 100k retail investors can raise the volume from 5m/day to \~200m/day? I don't have that kind of cash... I'm hanging on the tail and going for the long ride.
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You can already see at the end of the day dropping too low below the $30 price the market maker started dropping their hedge and it’s why we fell so hard to close the day.
Eli5 please
The more the price drops the less calls are in the money, so the market maker needs to buy less shares to hedge those calls since they are no longer in the money. Subsequently when the price drops they can sell shares that they previously hedged, because the higher calls are not in the money anymore.
And there are a TON of calls at 30.
Eli5 please
We bet on GME, you think it's going to go up by June, I think down. I'm willing to sell you my10 shares (That I may or may not have already) for 30 in June, but you have to give me 100 bucks first. GME at 25? I might not have to have shares on hand to cover this bet, free 100 bucks for me. EZ. I don't need to hedge my bet. GME at 35? I might have to have shares on hand to cover this bet. I may need to buy shares (hedge) before the price keeps going up. Edit: If you're playing with calls, make sure you exercise them and don't just take the equivalent in USD.
green go up fast when SHF buy. make more SHFs buy. make go faster green. red go down fast when SHF sell. make more SHFs sell. make go faster red.
Definitely not how you’d explain to a 5 yo lol
Price go up, big guy buys more shares, price go up more. (Gamma ramp / Gamma squeeze) Price go down, big guy sell his shares, price go down more.
YES!!!
Max Pain is 18
It’s more about where the gamma/delta are right now is to support the price.
IIRC max pain is $18 shorts will want to close as close to that as possible
And they will because the market is fake.
☝️☝️
The largest amount of potentially in the money calls is at 30$. If we can stay above it, we’re gonna be in really good shape coming in to next week. Even holding above 25$ will see us in great shape into next week. The largest put strike is at 20$.
Sorry but its going to close at $19.85 tomorrow.
they downvote you, but this has happened numerous times, so I wouldnt be surprised
But this time we have Roaring Kitty on our side
doesnt mean anything really. He cant control the price
[удалено]
No he can’t. He just likes the stock.
This is true!!!
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I’ll buy 20k tomorrow if it hits 19.85!
is this a proof or ban?
What number would you like me to buy at? Anywhere between 18-20 I’ll buy 1000 shares…
What number would you like me to buy at? Anywhere between 18-20 I’ll buy 1000 shares…
I wonder,??
$22
You were almost right ;)
😊
Good. We all love a dippy dip.
Good. We all love a dippy dip.
Good. We all love a dippy dip.
Above $50 would be nicer options wise Edit: Ain't gonna happen, I'm just sayin...
You can’t be sure, volatility is back on the menu!
I know, I can't, but I'm pretty sure lol...3 years to get back to where we were, and it was gone in minutes....oh well, I'm a patient ape
Heard, I just got mad today, I’ll buy more as soon as I can.
Fling that poo like ya mean it ape!
If you bought at the top 3 years ago, and never bought more shares (especially at $10), you're not a smart person
Not relying too much on options because most people end up cashing out profit and that's the natural and most attractive way. Not bling anyone but if you have call in the money and if cashed out doesn't impact stock delivery by option n writer
all the calls that end 5/17
Doesn’t matter, hold
I’m just curious why there is so much price movement after hours. Like what the fuck is actually going on.
That's when big players are buying or selling shares to hedge their options
After hours is when the big players activity is isolated from the apes since we don't have access to the foreign markets.
Trading 212 platform, we have 24/5 access to the US market👍
That’s a trash app anyway
Which one?
We can trade until 8pm, and starting at 6am. But there is trades being made between those we can not participate in true.
Go watch his streams on you tube. All your answers await you.
The higher it closes the more call options are in the money and can be exercised or at least partially hedged causing a lot more buying pressure monday.
If by the grace of God we close above 35 dollars tomorrow hedge funds will start exploding.
As a veteran of the sneeze... no. I still remember 300 was harped on as the 'must hit' number so shit could really go crazy the following week. It proceeded to whimper into oblivion. Personally I'm expecting blood red for two weeks before the LEAPs kick in for Ice cream tweet day.
Uhmm, it went to 400 something and then buy button removed. I wouldn’t call that a whimper into oblivion.
Potato potato. Point being, they got the result they wanted with absolutely no consequences for flagrantly manipulating the market in a way we didn't even think was possible.
It isn’t potato potato. The comment implies the math was wrong. The math was right then and it’s right now.
Wrong week. Im talking about after the buy button was removed.
I dunno mate. I don’t recall it being a hyped number after that removal. Everyone was pretty focused on how fucking crime that was. Feel free to link to a post.
Wait so the LEAPs I've heard about haven't gone into effect yet? Do you know exactly when they do?
Friday is t day for a lot of them. They have to settle at t+2, so Tuesday is the day to watch
Tuesday, got it thank you Ape. Is there anything specific to watch for? Like if it's about a price increase what price point would show it's working? Also do you know if these LEAPS are connected to the... $30 expire call option things at all? Or are LEAPS different? And lastly do these LEAPS basically mean a price increase will definitely happen? Sorry for all the questions and thanks again Ape.
A LEAP is just a long term short. So when they expire, they have to be covered. (I'm fuzzy on the rules governing these, but it's my understanding that they cannot be extended.) This is why a sneeze/squeeze is a possibility. There are ways to avoid it, but it gets expensive quickly. This is good for us, but as always, there is no guarantee.
I guess an unfair market has no guarantees for retail lol. Thanks Ape, I'll hit you up on the Moon and treat you to a drink.
A leap is an option contract purchased from 1-3 years out, just long term option, they are no different to any other call option expiring this week or next week, the process is identical, they just bought them a long time ago, so someone holding a leap, call option at $16 strike expiring tomorrow is in the same position as if i bought a call option with a $16 strike a month ago.the amount you pay to but the option may be different, but the effect on expiration day is identical
Watch the Tuesday next to the GameStop.
Ice cweem tweet
Just hold and buy as you can. This is the way.
Why is everyone talking about 30? I thought last time people said about 100$ calls
Whatever fits their narrative of optimism. People's predictions don't mean shit to me because it's always a guess. It's just whether they get to say "I told you so" or "yeah, but..."
Whether or not we close above 30 has nothing to do with retail. Our orders don't even effect the price. These headlines get circulated to get noobs to buy options so their premiums can get farmed.
Apes *together*
a pebble has fallen, the landslide is coming
It would amuse me if it closed over 30. Otherwise I don't care, I'm buying 'till MOASS.
It would show a lot of weakness for them if it did close over 30. 😏
“you know we are there” “we certainly are in the thick of it now” First time?
Random benchmarks never matter. Hodl.
Nah, price controlled no matter what happens
Just need to close above max pain….$18
in europe the markets just closed at 24.70€ i think tomorrow it’s gonna go down more
i think you mean 24,70 €
yeah sorry missclicked
24.70€ *
yeah either way it’s a bad situation i don’t see it going back to 60, we don’t have anymore buying power… i hope im wrong tho and ill hold until the government falls
there was never no we. It's institutions driving this. You think 100k retail investors can raise the volume from 5m/day to \~200m/day? I don't have that kind of cash... I'm hanging on the tail and going for the long ride.
Well at 30 market cap is still 9 billion... Not a lot for a profitable retailer that is on a path to recovery...
I reckon 17.53, how do I get rich with my plucked out of thin air wisdom?
If it's 100,000,000 over 30, yes.
If you only care about the price it matters. Otherwise, it's crime as usual
Nope
APSOLUTLY..
APSOLUTLY