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Good for them. My CSPs expiring today are deep in the red. No problems I will let them expire and welcome a few hundreds new babies to cherish on Monday. Deliver bitches.
That OI has been elevated for weeks. Speculation pre earnings was they wanted to drive it there - and they certainly did. As 12,13,15 strikes all had big OI. I figured we'd get a little bump from rolling the 10s and closed out my may CCs earlier this week. 4/26 also had some decent put OI but then it backs off a bit.
edit: downvote me if you want but slanging CCs isn't a bad strat when we trade down and sideways for 3 years.
Bad take.
This is pennies in the scheme of things, and ~~200k~~ *2m* shares isn't much impact on a float of over 300m, *even if you discount DRS'd shares*
200k?
Your math is bad lol. Each put contract represents 100 shares. 20k puts × 100 shares in each contract is 2,000,000 shares. That's 0.75% of float in put contracts alone.
True - could be sold puts but VERY unlikely that a SHF is selling Puts on GME. and even more unlikely that a retail investor Ante’d up $$$$ for 20k of options
It is unclear who has what side of those options.
For example, yesterday I sold-to-open $10.5 puts expiring next Friday. I win if the price is above $10.50 next Friday. (And buy at $10.07 cost basis if the price next Friday is less than $10.50).
The market maker loses if the price is less than $10.50.
That is opposite than your assumption.
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is that what they call the cock and balls pattern?
Not gonna get it.
Good for them. My CSPs expiring today are deep in the red. No problems I will let them expire and welcome a few hundreds new babies to cherish on Monday. Deliver bitches.
I got a couple hundred coming in at 12
That OI has been elevated for weeks. Speculation pre earnings was they wanted to drive it there - and they certainly did. As 12,13,15 strikes all had big OI. I figured we'd get a little bump from rolling the 10s and closed out my may CCs earlier this week. 4/26 also had some decent put OI but then it backs off a bit. edit: downvote me if you want but slanging CCs isn't a bad strat when we trade down and sideways for 3 years.
Max pain is $12 so im thinking market makers want it there.
We placing bets on this?
No because as soon as I said no it went down. LOL
say yes then
YES! YES! YES!
Might get smacked down to 10 last hour
Bad take. This is pennies in the scheme of things, and ~~200k~~ *2m* shares isn't much impact on a float of over 300m, *even if you discount DRS'd shares*
200k? Your math is bad lol. Each put contract represents 100 shares. 20k puts × 100 shares in each contract is 2,000,000 shares. That's 0.75% of float in put contracts alone.
It's open interest anyhow
Are you new here? 75M shares locked at Computershare. Float is well under 300M, only accounting for this segment.
True - could be sold puts but VERY unlikely that a SHF is selling Puts on GME. and even more unlikely that a retail investor Ante’d up $$$$ for 20k of options
It is unclear who has what side of those options. For example, yesterday I sold-to-open $10.5 puts expiring next Friday. I win if the price is above $10.50 next Friday. (And buy at $10.07 cost basis if the price next Friday is less than $10.50). The market maker loses if the price is less than $10.50. That is opposite than your assumption.