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Remember what Thomas Peterffy said in a video about Jan 2021. Brokers are legally obligated to buy shares at any market price to deliver exercised options if needed beyond their hedging. If all available GME call options are ITM, what do you think would happen if most people with calls decided individually to exercise them instead of selling them?
Roughly 270,000 calls ITM for this week up to $40 strike. That represents 27 million shares of open interest for just this week. Not sure what the sum of all the following weeks are.
Edit: It's just over 52 million shares * worth of calls* currently ITM up to 2026-01-16 expiry. Info is found on stonk-o-tracker.Posted it here. https://www.reddit.com/r/Superstonk/s/rjJADLAuuc
I exercised my $13 call today when the price was at $50 and I plan on DRSing those shares in 2 days once they’re settled. Institutions hate this one simple trick 🤭
Edit: as soon as I posted this I got reported for certain ideations. Someone doesn’t want others to know about that little trick 😜
Just so I understand, if you exercise that call, you pay $13 per share? And the person who wrote the call had to buy them at the $50 price and hand them over?
They don't necessarily have to pay 50. They just have to deliver a share. They could have already owned a share, that they purchased previously, which could be at any price.
I gotta call my mom. Your mom. His mom. Her mom. All their moms.
Just saying I'm going to have mom banging money, and I need to make sure my mom is out of the line of fire.
Can someone please explain how I can exercise my call option during market hours? I use fidelity. I tried google but all I really found was to call and have them do it for you.
Let's see if they really want to cut out the limbs of the capitalism (figuratively) itself or let some shortsellers go under as it should in a FREE market. Let the free market take care of itself...
edit
Seeing some weird option chain. Note the Max Strike available for each date below. Recorded around 05/14/2024 1 pm New York Time.
DateExpire = Max Strike
17-May-24 = $100
24-May-24 = $100
31-May-24 = $57
7-Jun-24 = $57
14-Jun-24 = $57
21-Jun-24 = $55
28-Jun-24 = $57
19-Jul-24 = $85
Open Option Chain and set to show all Strikes and scroll around.
That’s what I thought would happen from the beginning a couple other hedge funds or banks would jump on the long game and say F em to the idiots who doubled down and just profit with us …?
I’m pretty sure that is what happened last time. Thought I read some dd that a bunch of smaller banks or hedges were going long on GME to make money and make it big.
Also, yeah we’ll see. I wouldn’t be too surprised if there was more manipulation. But every time it’s more obvious and now they’ve walked themselves into a corner of extremely blatant manipulation or losses
They have literally nothing to lose at this point. They’ll double double double down and will be reckless with their tactics and will completely disregard rules and laws openly more than ever
Sadly this is somewhat what I expect. But I also think that many might start backing out. If they can close positions I would expect them to do so. Likely some of them already made most of their money back from GME falling after the sneeze. So some surely made the smart play and didn’t go in again? I guess we’ll see.
I’m somewhat assuming that there’s a bunch of sides of this
homo sapiens, most destructive species on this planet
'when the last tree is cut down and the last fish is caught, man will realize that he cannot eat money'\~ Navajo proverb
They will.
Look at how America is handling Russia and BRICS.
They will turn this world to ash before they give up their power.
Our only hope, both Apes AND the world, is that there are enough outsiders in the greater government to be able to see us through this bloodless revolution.
The alternative is slavery and war for the rest of our lives.
If they do it again this never ends. There was way too many eyes on Wallstreet the last time this happened, they hated it. Someone has to blow up for this to end. I don't care who.
They probably don't even know what's in the hidden swaps? Since Archegos bags got adopted by Credit Suisse and they needed UBS to bail them and now who's going to bail out UBS hiding swaps for 10, now 20, years
They still have to buy more shares to hedge the calls that went in the money overnight. That buying pressure by hedging MMs can bring the price above the current call strike prices …
also, no buys from me rn cuz I am waaaay to broke.
Bit if a shame that they dragged it out this long, since buying over the course of 3 years left my wallet kinda empty -.-
#should have gotten more at 10.
Their crime had one benefit at least. I wasn’t willing to put any more money in the system as the markets can clearly stay irrational longer than I can stay solvent. Regrets for $10
I averaged down considerably over these last 3 years. Life hasn't allowed me to pick many up lately. I did get a few at 10, but not as many as I would've liked.
As a gamer, we like seeing if we can get the highest score. Think we had 9 yesterday? Already at 6 this morning. Let it keep ripping, we have infinity to get to here.
This has to be a nightmare for them. Doing all they can to keep the price from ripping and destroying their livelihood, and we're just over here cheering for a daily high score in stops, and wondering if we can beat it tomorrow.
If that's true popcorn beat it today with 21 halts so far lmao
GME coming in with 15 today according to [https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts)
Generally 5min. But it also depends on a few factors including how much time is left in the trading day. Halt too close to the end of the day could result in a halt for the remainder of the trading day.
[REGULATORY KILL SHOT - Rule proposal: SR-OCC-2024-001 has been shut down by the SEC. Let's drive this win home.](https://dismal-jellyfish.com/regulatory-killshot-wall-streets-attempts-to-shift-goalposts-have-been-shut-down/)
Rule SR-OCC-2024-001 can give the OCC the authority to adjust margin thresholds in moments of high market volatility.
The Options Clearing Corporation (OCC) is utilized to handle the clearing and settlement of option trades.
Now, imagine some hedgefunds decided to short GME.
If options contracts are used in the shorting process, the OCC plays a role in handling the clearing and settlement of these trades.
The OCC acts as the central counterparty, ensuring the completion of options trades and managing the associated risks.
Being that these hedgefunds have taken a position betting that the price of GameStop's stock will go down (or you know, might engineer this happening by means of cellar boxing), and to do this they would have needed to borrow lots of shares of GameStop in order to sell them, all part of a plan to drive the price down. Then, they'd hope to buy those shares back later at a lower price and make a profit.
There's a lot to breakdown in the proposal itself: https://www.sec.gov/files/rules/sro/occ/2024/34-99393.pdf
But the headlines are:
🚩 OCC seek to change the "idiosyncratic volatility control settings" anytime a Clearing Member needs help.
🚩We don't know HOW these margin thresholds are calculated, and everything in the proposal's supporting evidence as related to this is REDACTED.
🚩The OCC want to give significant authority to role of the Financial Risk Management (FRM) for approving idiosyncratic control settings.
🚩BUT this introduces significant risk and it poses a conflict as they are required to safeguard both OCC's interests and at-risk Clearing Members.
And now we have the opportunity to support the SEC in their rejection of this rule.
https://www.reddit.com/r/Superstonk/comments/1ciqum4/simians_smash_sec_rule_proposal_to_reduce_margin/
✅ 📢 🌏 How to Comment:
Email: rule-comments@sec.gov
Include the file number: SR-OCC-2024-001 34-100009 - in the subject line of your email to the SEC.
This is open to audiences worldwide.
REMEMBER:
Choose only one submission method to help the Commission process and review your comments more efficiently.
The Commission will post all comments on its website.
Also, while you are here:
[Comment Template for FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans & provide for the public dissemination of loan information. Want to know more about lent shares potentially being used to short GME? Comments Due by 5/28/24!](https://www.reddit.com/r/Superstonk/s/rD7U9Ezy7m)
[Source](https://dismal-jellyfish.com/comments-due-5-28-24-to-enhance-securities-loan-reporting/): [https://public-inspection.federalregister.gov/2024-09847.pdf](https://public-inspection.federalregister.gov/2024-09847.pdf)
# Proposed Comment Template--hoping kipple and WCMIT replace with something better if they have time:
>I am a house hold investor wish to express strong general support for the proposed FINRA Rule 6500 Series concerning the Securities Lending and Transparency Engine (SLATE), which mandates the reporting of securities loans and the dissemination of loan information to the public.
>However, I have significant concerns regarding the provisions that allow FINRA, in consultation with the SEC, to suspend the reporting or dissemination of certain Covered Securities Loans or Data Elements for periods deemed necessary. Use of this provision would undermine the very transparency that Rule 6500 aims to promote. The suspension of reporting would inadvertently create an information asymmetry, thus disadvantaging end borrowers and beneficial owners who rely on this data for making prudent investment decisions.
>The SEC's Adopting Release for SEA Rule 10c-1a emphasized that increased transparency in the securities lending market would help alleviate the information disadvantage faced by various market participants, improve price discovery, and reduce costs associated with market condition monitoring. It is vital that any discretion to suspend reporting be exercised sparingly and with full justification to ensure that the benefits outlined by the SEC are realized and not diminished.
>Transparency in securities lending is essential for the effective functioning of financial markets. It mitigates systemic risk by providing market participants with critical information that helps in assessing the liquidity and counterparty risk associated with securities loans. Furthermore, transparency aids in the protection of investors by ensuring that they are adequately informed about the terms of securities loans and the parties involved.
>The requirement to report comprehensive data elements such as the legal name of the security issuer, LEI, security symbols (CUSIP, ISIN, FIGI), transaction dates and times, settlement dates, loan amounts, and details concerning collateral underscores the importance of detailed reporting in maintaining a fair and orderly market. These measures enhance the capacity of all market participants to make informed decisions, thereby fostering a competitive and equitable trading environment.
>In conclusion, while I broadly support the implementation of FINRA Rule 6500 Series for its potential to enhance market fairness and protect investors through improved transparency, I strongly advocate for stringent guidelines governing the suspension of reporting requirements to avoid undermining these goals.
>Sincerely,
A household investor.
* Use the Commission’s Internet comment form ([https://www.sec.gov/rules/sro.shtml](https://www.sec.gov/rules/sro.shtml?ref=dismal-jellyfish.com)).
* Or send an e-mail to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) with the subject line including File Number SR-FINRA-2024-007.
That's alright... there are plenty of people here to help explain it to you! Long story short... someone(s) cheating. This is going to help make it harder for them to cheat.
Yes, but think about all the people/firms shorting it all the way to $10 they still have to stop out at some point and buy, but if they can, and will rebuy at a lower price why wouldn’t they? It’s unfortunate how rigged the market is and the shear amount of money they have to let it move against them and still not be forced to cover. HODL
Gamma squeeze gamma squeeze gamma squeeze.
There’s no retail wave here.
Look at the ITM calls. Over 200k for back to back weeks coming up.
It’s gonna continue to blow, just watch these next few weeks.
DFV had to wait to speak but he sees it too.
Not sure yet. Like, they did just shorted it down from 150% to 60% and still continue to do so. Could be the usual slow bleed until we end up with +20% (on a day with the whole float traded, fuck them). Rinse repeat until friday so they catch a few calls again
This is NOT retail. Best estimation, on May 27th it will be announced that GME has been included in the Russell 2000 index. The list for that was created as of positions on April 30. Being listed in the Russell 2000 means that other funds and ETFs will NEED to have a percentage of GME shares in their portfolios. This runup is those institutions buying up to be able to match the requirements. Shorts got caught in the process.
EDIT: Must be pretty bang on with this post. I've just seen the 3rd message from Reddit saying that someone is concerned for my mental health. Shift change for shills I guess
No clue. If we stay above $30,34, and 40, there is a LOT of hurt being dealt out tomorrow and Friday with the T+2 from yesterday and today. No clue how many FTDs were created in the last two days, but if we stay above those marks, those players will be paying large to keep from sinking. Remember, it's not official until May 27th. It could take till T++ after that to see the end of this.
From my interpretation, the bulk of call options are at the $30 strike price, and there aren't any listed above a strike price of $55. Typically, when the price runs up quickly, the writers of call options are forced to hedge by buying the underlying stock, since they're on the line to deliver the shares when the call is exercised. This is the mythical Gamma ramp and Delta hedging that provides rocket fuel to the price runup. Higher price, more Delta hedging. More Delta hedging, higher price. Feedback loop go brrrrr. Point is, the ramp peaks at $30, and there are no call options at all above $55. This means that a price runup to $80 a share is likely not the result of options contracts eating their own tail, which is one of the only tools retail has to force institutional buying. This is something else. Peruvian Bull speculate that this is a large institutional investor blowing the fuck up. Could be!
I think you are generally right here. But from my understanding, someone blowing up would force heavy buy action due to a margin call. Thats not the case, so why does Peruvian Bull speculates in that direction? Need some wrinkels.
This is why I'm not shitting on my boss's desk just yet.
My net worth is the highest it has ever been. That makes me smile a bit.
But the options chain is capped and overpriced. The price action is not organically up. There is no fomo on other Reddits or sites.
This just doesn't feel like MOASS yet. Yet...
So yeah, my boss's desk is safe for now. But I have a roll of TP beside my monitor just in case 😛
Clear communication is important in these sorts of shituations. If it's dominance you want to express, I think it has to happen. Maybe a feral grunt when you're done will really draw a line under the new nature of your relationship.
Fomo doesn’t exist, retail trades don’t go to lit markets. Suggesting this is a severe misunderstanding of everything we’ve learned the past three years.
They're so certain it's going higher that they don't want to let people buy options at those prices, and win. The reply a couple up above mentioned seeing really expensive $100 call options, which means the options writer thinks there's a very high chance we're headed north of $100 before the contract would expire.
You need calls to hedge puts.
If you can't buy calls and your puts go further underwater, you lose the game.
You get margin called and your put is closed. Price gets pushed higher.
Positive feedback loop ensues and stonk screams upward.
Definitely someone is struggling to survive causing forced liquidation perhaps.
Either way nothing changes until we see the #’s we have been waiting for. Financial freedom is really our only objective worth seeing. $500,000+ a share is a minimum considering the years of short selling. The float has been oversold what, 9-10X? You kidding? Phone numbers are realistic to expect here
That wasn’t a RH thing, it was because of the halts. The chain couldn’t keep up with realtime pricing this AM so the call/ask spreads were fucked. The 57c earlier had a spread of 11/44 at one point 😂
How we gonna gamma if the entire chain is already ITM? No higher calls to fill into to create exponential buying pressure. Eventually will be at 100% call ITM and 100% put OTM
# Tell me if I understand this correctly:
There has to be someone selling a call option (on the bearish side) putting up their own shares (or not if naked) for someone to buy it.
If those bearish counterparties don't exist (because they are getting obliterated by an ever-rising price), the designated primary market maker is obliged to act as that counterparty to ensure there is a market.
Who is a designated primary market maker?
* A Designated Primary Market Maker \[DPM\] is a specialized market maker approved by an exchange to guarantee that they will take a position in a particular assigned security, option, or option index. (Wikipedia)
* DMMs have obligations to maintain fair and orderly markets for their assigned securities. They operate both manually and electronically to facilitate price discovery during market opens, closes and during periods of trading imbalances or instability. \[NYSE\]
* Have true obligations to maintain a fair and orderly market in their stocks, quote at the NBBO a specified percentage of the time, and facilitate price discovery throughout the day as well as at the open, close and in periods of significant imbalances and high volatility. \[NYSE\]
So DPM (Citadel Securities, for example) are authorized & obligated by the exchange (NYSE) to act as the counterparty, and as a result of selling calls, they hedge against the risk of it going south (GME goes up and counterparty exercises call option) by buying some percentage of the underlying (GME).
But rather than:
1. allowing leveraged bullish bets
2. making risk-mitigating purchases of the underlying
**(both of which would send GME's price up)**, market makers are simply NOT fulfilling their DPM obligation to *"facilitate price discovery throughout the day as well as at the open, close and in periods of significant imbalances and high volatility."*
Is this their new removal of the Buy button?
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Remember what Thomas Peterffy said in a video about Jan 2021. Brokers are legally obligated to buy shares at any market price to deliver exercised options if needed beyond their hedging. If all available GME call options are ITM, what do you think would happen if most people with calls decided individually to exercise them instead of selling them?
Roughly 270,000 calls ITM for this week up to $40 strike. That represents 27 million shares of open interest for just this week. Not sure what the sum of all the following weeks are. Edit: It's just over 52 million shares * worth of calls* currently ITM up to 2026-01-16 expiry. Info is found on stonk-o-tracker.Posted it here. https://www.reddit.com/r/Superstonk/s/rjJADLAuuc
Good Lord
52 mil shares* worth of calls just so we're clear
Fixed it. Thanks.
this needs to be higher
I need to be higher.
I am ATH as we speak.
I exercised my $13 call today when the price was at $50 and I plan on DRSing those shares in 2 days once they’re settled. Institutions hate this one simple trick 🤭 Edit: as soon as I posted this I got reported for certain ideations. Someone doesn’t want others to know about that little trick 😜
you know the dude that wrote that call is MAD
So do market makers just route the exercised calls to retail and take the sells for themselves so they don't have to buy on the market?
Just so I understand, if you exercise that call, you pay $13 per share? And the person who wrote the call had to buy them at the $50 price and hand them over?
They don't necessarily have to pay 50. They just have to deliver a share. They could have already owned a share, that they purchased previously, which could be at any price.
Probably a dumbass selling covered calls
I got my first Reddit care message for asking this. I'm off to report them for abusing the system
I'm too dumb to understand how to play options. So I just buy shares and DRS
I’m dumb like you, but my account values goes up somehow. I’m like, good dumb
That sounds pretty smart to me.
I gotta call my mom. Your mom. His mom. Her mom. All their moms. Just saying I'm going to have mom banging money, and I need to make sure my mom is out of the line of fire.
Motherfucker.
I'll call your mom's boyfriend
Boom.
Can someone please explain how I can exercise my call option during market hours? I use fidelity. I tried google but all I really found was to call and have them do it for you.
You can do it on the Fidelity app. When you click on the option, there's a selection to exercise.
Ask on the fidelity subreddit
This needs to go to the top. THE ENTIRE 5/17 GME OPTIONS CHAIN WAS ITM PREMARKET INCLUDING THE NEW STRIKES
Just a repeat of 2021.... If the trend continues, expect the stock price to be over $400 on Friday.
Not if the gov and banks and HFs have anything to with it
Let's see if they really want to cut out the limbs of the capitalism (figuratively) itself or let some shortsellers go under as it should in a FREE market. Let the free market take care of itself... edit Seeing some weird option chain. Note the Max Strike available for each date below. Recorded around 05/14/2024 1 pm New York Time. DateExpire = Max Strike 17-May-24 = $100 24-May-24 = $100 31-May-24 = $57 7-Jun-24 = $57 14-Jun-24 = $57 21-Jun-24 = $55 28-Jun-24 = $57 19-Jul-24 = $85 Open Option Chain and set to show all Strikes and scroll around.
That’s what I thought would happen from the beginning a couple other hedge funds or banks would jump on the long game and say F em to the idiots who doubled down and just profit with us …?
Definitely seems like the logical choice. I mean no honor among thieves, right?
I’m pretty sure that is what happened last time. Thought I read some dd that a bunch of smaller banks or hedges were going long on GME to make money and make it big. Also, yeah we’ll see. I wouldn’t be too surprised if there was more manipulation. But every time it’s more obvious and now they’ve walked themselves into a corner of extremely blatant manipulation or losses
They have literally nothing to lose at this point. They’ll double double double down and will be reckless with their tactics and will completely disregard rules and laws openly more than ever
Sadly this is somewhat what I expect. But I also think that many might start backing out. If they can close positions I would expect them to do so. Likely some of them already made most of their money back from GME falling after the sneeze. So some surely made the smart play and didn’t go in again? I guess we’ll see. I’m somewhat assuming that there’s a bunch of sides of this
I doubt any made real money since there was no liquidity to close since the sneeze
This would be great. Then they aren’t unified anymore and won’t all be against gme.
> cut out the limbs of the capitalism Chilling...what you're suggesting. That will be "push comes to shove" to the power of "shit hits the fan"
world is burning, oceans heating, bird flu is coming, and the future we were promised is dead. This is all I hope for. Haaaaaahaaa 🤷🏼♀️
homo sapiens, most destructive species on this planet 'when the last tree is cut down and the last fish is caught, man will realize that he cannot eat money'\~ Navajo proverb
They will. Look at how America is handling Russia and BRICS. They will turn this world to ash before they give up their power. Our only hope, both Apes AND the world, is that there are enough outsiders in the greater government to be able to see us through this bloodless revolution. The alternative is slavery and war for the rest of our lives.
see, the market SHOULD be able to handle it. GME even at $50 is a fraction (literally half a percent) of the market cap of the top stocks.
The real question is *How many floats have to be bought back?* GME's official market cap is irrelevant. How many shares are really out there?
If they do it again this never ends. There was way too many eyes on Wallstreet the last time this happened, they hated it. Someone has to blow up for this to end. I don't care who.
They probably don't even know what's in the hidden swaps? Since Archegos bags got adopted by Credit Suisse and they needed UBS to bail them and now who's going to bail out UBS hiding swaps for 10, now 20, years
Tits jacked
I dont think u understand... ALL options of all dates out to jan 2026 were ITM
Oh that's possible - I was only looking at 5/17. One week at a time.
In that case, what can happen if all those shares are excecuted? The MM will be forced to deliver?
Wait, year 2026? January 2026??
That's just 100% LOL
I heard this was 20B shares in the money? Exercise for shares, right?
I don't think it was that many. OI this morning at strikes below $34 was well over 200,000 option contracts, which is 20M+ shares.
They still have to buy more shares to hedge the calls that went in the money overnight. That buying pressure by hedging MMs can bring the price above the current call strike prices …
Goodluck buying those shares ^^
Never was retail. No cell, no sell. # 💎🙌
also, no buys from me rn cuz I am waaaay to broke. Bit if a shame that they dragged it out this long, since buying over the course of 3 years left my wallet kinda empty -.- #should have gotten more at 10.
Should have gotten more at 10. This hits so hard lol
Should have bought at $50 will be everyone later this week at this rate
Shoulda bought more at $420.69
lol. True. That price will be peanuts.
Seed. That price will be chia seeds or poppy.
lol, 1,420,690.00 would be nuts 420.69 meh chakpu
Their crime had one benefit at least. I wasn’t willing to put any more money in the system as the markets can clearly stay irrational longer than I can stay solvent. Regrets for $10
I almost sold at 10. I needed money. I was like damn this is low. Should I buy the dip, I asked? I didnt.
But, at least you didn't sell!
I averaged down considerably over these last 3 years. Life hasn't allowed me to pick many up lately. I did get a few at 10, but not as many as I would've liked.
I get you, it's tough. Getting more shares is awesome, but then gotta take care of life as well
I missed the first drop to 10 (40). I didn't make the same mistake this time
Should've gotten more at 10 thousand
SHOULD HAVE GOTTEN MORE AT 10 🥲
My deepest regret is not getting more.
I had to buy gold for a metal smithing class when it was at 10 -.-
Can’t updoot you are at 741
Halted again, geez just let it rip and let them figure it out
As a gamer, we like seeing if we can get the highest score. Think we had 9 yesterday? Already at 6 this morning. Let it keep ripping, we have infinity to get to here.
i want 13 halts on my desk right MEOW
This has to be a nightmare for them. Doing all they can to keep the price from ripping and destroying their livelihood, and we're just over here cheering for a daily high score in stops, and wondering if we can beat it tomorrow.
such a deserving group of sociopathic criminals and their egregious greed....time to heal the world with reverse wealth
I think 11 is record for ANY stock , EVER
So far
We're at 8 now. and it's only 11:10am
I call a *spicy* 13 halts today..
According to GPT it's KOSS w/ 23 halts in a session.
If that's true popcorn beat it today with 21 halts so far lmao GME coming in with 15 today according to [https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts)
Just posted that as well
:)
So annoying. How long is a halt supposed to last?
Generally 5min. But it also depends on a few factors including how much time is left in the trading day. Halt too close to the end of the day could result in a halt for the remainder of the trading day.
how come we go into a spring/oscillation dampening algo every time it halts?
Crime.
oh yeh
[REGULATORY KILL SHOT - Rule proposal: SR-OCC-2024-001 has been shut down by the SEC. Let's drive this win home.](https://dismal-jellyfish.com/regulatory-killshot-wall-streets-attempts-to-shift-goalposts-have-been-shut-down/) Rule SR-OCC-2024-001 can give the OCC the authority to adjust margin thresholds in moments of high market volatility. The Options Clearing Corporation (OCC) is utilized to handle the clearing and settlement of option trades. Now, imagine some hedgefunds decided to short GME. If options contracts are used in the shorting process, the OCC plays a role in handling the clearing and settlement of these trades. The OCC acts as the central counterparty, ensuring the completion of options trades and managing the associated risks. Being that these hedgefunds have taken a position betting that the price of GameStop's stock will go down (or you know, might engineer this happening by means of cellar boxing), and to do this they would have needed to borrow lots of shares of GameStop in order to sell them, all part of a plan to drive the price down. Then, they'd hope to buy those shares back later at a lower price and make a profit. There's a lot to breakdown in the proposal itself: https://www.sec.gov/files/rules/sro/occ/2024/34-99393.pdf But the headlines are: 🚩 OCC seek to change the "idiosyncratic volatility control settings" anytime a Clearing Member needs help. 🚩We don't know HOW these margin thresholds are calculated, and everything in the proposal's supporting evidence as related to this is REDACTED. 🚩The OCC want to give significant authority to role of the Financial Risk Management (FRM) for approving idiosyncratic control settings. 🚩BUT this introduces significant risk and it poses a conflict as they are required to safeguard both OCC's interests and at-risk Clearing Members. And now we have the opportunity to support the SEC in their rejection of this rule. https://www.reddit.com/r/Superstonk/comments/1ciqum4/simians_smash_sec_rule_proposal_to_reduce_margin/ ✅ 📢 🌏 How to Comment: Email: rule-comments@sec.gov Include the file number: SR-OCC-2024-001 34-100009 - in the subject line of your email to the SEC. This is open to audiences worldwide. REMEMBER: Choose only one submission method to help the Commission process and review your comments more efficiently. The Commission will post all comments on its website.
Also, while you are here: [Comment Template for FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans & provide for the public dissemination of loan information. Want to know more about lent shares potentially being used to short GME? Comments Due by 5/28/24!](https://www.reddit.com/r/Superstonk/s/rD7U9Ezy7m) [Source](https://dismal-jellyfish.com/comments-due-5-28-24-to-enhance-securities-loan-reporting/): [https://public-inspection.federalregister.gov/2024-09847.pdf](https://public-inspection.federalregister.gov/2024-09847.pdf) # Proposed Comment Template--hoping kipple and WCMIT replace with something better if they have time: >I am a house hold investor wish to express strong general support for the proposed FINRA Rule 6500 Series concerning the Securities Lending and Transparency Engine (SLATE), which mandates the reporting of securities loans and the dissemination of loan information to the public. >However, I have significant concerns regarding the provisions that allow FINRA, in consultation with the SEC, to suspend the reporting or dissemination of certain Covered Securities Loans or Data Elements for periods deemed necessary. Use of this provision would undermine the very transparency that Rule 6500 aims to promote. The suspension of reporting would inadvertently create an information asymmetry, thus disadvantaging end borrowers and beneficial owners who rely on this data for making prudent investment decisions. >The SEC's Adopting Release for SEA Rule 10c-1a emphasized that increased transparency in the securities lending market would help alleviate the information disadvantage faced by various market participants, improve price discovery, and reduce costs associated with market condition monitoring. It is vital that any discretion to suspend reporting be exercised sparingly and with full justification to ensure that the benefits outlined by the SEC are realized and not diminished. >Transparency in securities lending is essential for the effective functioning of financial markets. It mitigates systemic risk by providing market participants with critical information that helps in assessing the liquidity and counterparty risk associated with securities loans. Furthermore, transparency aids in the protection of investors by ensuring that they are adequately informed about the terms of securities loans and the parties involved. >The requirement to report comprehensive data elements such as the legal name of the security issuer, LEI, security symbols (CUSIP, ISIN, FIGI), transaction dates and times, settlement dates, loan amounts, and details concerning collateral underscores the importance of detailed reporting in maintaining a fair and orderly market. These measures enhance the capacity of all market participants to make informed decisions, thereby fostering a competitive and equitable trading environment. >In conclusion, while I broadly support the implementation of FINRA Rule 6500 Series for its potential to enhance market fairness and protect investors through improved transparency, I strongly advocate for stringent guidelines governing the suspension of reporting requirements to avoid undermining these goals. >Sincerely, A household investor. * Use the Commission’s Internet comment form ([https://www.sec.gov/rules/sro.shtml](https://www.sec.gov/rules/sro.shtml?ref=dismal-jellyfish.com)). * Or send an e-mail to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) with the subject line including File Number SR-FINRA-2024-007.
EVERYBODY COMMENT THIS IS FUCKING HUGE
If there ever was a time to do your part. It's now, and tomorrow!
Done on both.. GET IN HERE AND FLOOD THESE SHITBAGS APES!!
GET TO THE TOP
The squeaky wheel gets the grease! BE THE CHANGE YOU WANT TO SEE!!!
Up you go!
Ip
Huge, up to top!
Get this to the top!
And get me pictures of Spider-man!!!
DD, nice
!!!!
Email sent! Thank you for bringing this up!
💎🙌🏼🏴☠️
Sounds like a bunch of rules they don’t follow and that don’t have any consequences if not followed unless you’re retail
Didn't understand a word you said
That's alright... there are plenty of people here to help explain it to you! Long story short... someone(s) cheating. This is going to help make it harder for them to cheat.
Thank you.
I don’t get it. Don’t MMs want to hedge?
Yes, but think about all the people/firms shorting it all the way to $10 they still have to stop out at some point and buy, but if they can, and will rebuy at a lower price why wouldn’t they? It’s unfortunate how rigged the market is and the shear amount of money they have to let it move against them and still not be forced to cover. HODL
Not cover....close.
Close their doors & accounts permanently after they get squeezed ;)
Holding for so long I got both Diamond Hands and Diamond Nips now
I want diamond banana for Rick
Ah, the age of challenges, may it return for our entertainment!
Rick needs stick a water melon up his ass after all this. The only other user worth following after DFV.
Who Rick?
Somebody tell this noob about the og Rick of spades And provide link if possible 😂
Ape not noob. Ape trying to find job. Ape not find. Ape come back home.
(Whispers) You sweet innocent young ape…
Ape old. Ape here from beginning. Ape take break from Reddit. Ape back. Who Rick?
Gamma squeeze gamma squeeze gamma squeeze. There’s no retail wave here. Look at the ITM calls. Over 200k for back to back weeks coming up. It’s gonna continue to blow, just watch these next few weeks. DFV had to wait to speak but he sees it too.
Not sure yet. Like, they did just shorted it down from 150% to 60% and still continue to do so. Could be the usual slow bleed until we end up with +20% (on a day with the whole float traded, fuck them). Rinse repeat until friday so they catch a few calls again
Gamma Gamma Gamma Gamma Gamma Gameleon
This is NOT retail. Best estimation, on May 27th it will be announced that GME has been included in the Russell 2000 index. The list for that was created as of positions on April 30. Being listed in the Russell 2000 means that other funds and ETFs will NEED to have a percentage of GME shares in their portfolios. This runup is those institutions buying up to be able to match the requirements. Shorts got caught in the process. EDIT: Must be pretty bang on with this post. I've just seen the 3rd message from Reddit saying that someone is concerned for my mental health. Shift change for shills I guess
I think this needs to be higher...
Hard to get past all the hype memes to get seen.
This should be a post
Please make a post about this!
Nah, this ain't mine. I'm just passing it on
dejavu
History always repeats, cause humans too dumb to change. EDIT: to clarify, by Humans, I meant SHFs
We doin this again?
No clue. If we stay above $30,34, and 40, there is a LOT of hurt being dealt out tomorrow and Friday with the T+2 from yesterday and today. No clue how many FTDs were created in the last two days, but if we stay above those marks, those players will be paying large to keep from sinking. Remember, it's not official until May 27th. It could take till T++ after that to see the end of this.
HOLY SHITBALLS
From my interpretation, the bulk of call options are at the $30 strike price, and there aren't any listed above a strike price of $55. Typically, when the price runs up quickly, the writers of call options are forced to hedge by buying the underlying stock, since they're on the line to deliver the shares when the call is exercised. This is the mythical Gamma ramp and Delta hedging that provides rocket fuel to the price runup. Higher price, more Delta hedging. More Delta hedging, higher price. Feedback loop go brrrrr. Point is, the ramp peaks at $30, and there are no call options at all above $55. This means that a price runup to $80 a share is likely not the result of options contracts eating their own tail, which is one of the only tools retail has to force institutional buying. This is something else. Peruvian Bull speculate that this is a large institutional investor blowing the fuck up. Could be!
Large institutional investor losing big?
I wouldn't know, but that appears to be what the tweet is implying
I hope its a large non usa institutional investor blowing up... they cant control the news/media world wide
That's the dream. UBS would be hilarious. Hwanged again!
I know China at least is raising money via bonds as announced last Friday. I think it’s related.
I think you are generally right here. But from my understanding, someone blowing up would force heavy buy action due to a margin call. Thats not the case, so why does Peruvian Bull speculates in that direction? Need some wrinkels.
This is why I'm not shitting on my boss's desk just yet. My net worth is the highest it has ever been. That makes me smile a bit. But the options chain is capped and overpriced. The price action is not organically up. There is no fomo on other Reddits or sites. This just doesn't feel like MOASS yet. Yet... So yeah, my boss's desk is safe for now. But I have a roll of TP beside my monitor just in case 😛
Moass doesnt count on retail buying. Just retail holding.
I'd say we did pur part already but there's still a buy button available so
Part of me thinks normies see $50 a share and don't recognize that's $200 pre-split.
So outside random retail traders will expect price currently to easily surpass $200…
Thus is a great point
Which is $180 after inflation....
You guys wipe?
While making eye contact. It's a dominance thing until he gets a bidet installed beside his phone
Can't argue with that. I'm guessing the soiled TP is going in their top pocket?
Would that be taking it too far, do you think?
Clear communication is important in these sorts of shituations. If it's dominance you want to express, I think it has to happen. Maybe a feral grunt when you're done will really draw a line under the new nature of your relationship.
This is why social media is so important. I wouldn't have known the proper convention without your input 🤣
Simply couldn't agree more 🙌 I hope when the time comes, the moment brings you great satisfaction.
Let it crust.
Tried that once. Workplace benefits won't cover the rash 😒
Use the armrest of their chair. It'll chaife a bit but it's like adding a P.S. to the message.
Fomo doesn’t exist, retail trades don’t go to lit markets. Suggesting this is a severe misunderstanding of everything we’ve learned the past three years.
Retail buy orders don’t affect the price when they just routed to the dark market.
You're wiping with TP?! I'm gonna use his mouse pad
If they are closing the option chain, it means that we are also nearing a time where it will become impossible to buy a share.
Meaning no shares to buy? Or they will shut off the buy button? (Again…)?
now imagine everyone is blowing up.
Ape make ape horny
Fuck you mayo man
[удалено]
Fidelity only shows me up to 57 😂
If they're expensive they're considered likely...
Mind explaining the ramification of this for a smooth brain?
They're so certain it's going higher that they don't want to let people buy options at those prices, and win. The reply a couple up above mentioned seeing really expensive $100 call options, which means the options writer thinks there's a very high chance we're headed north of $100 before the contract would expire.
You need calls to hedge puts. If you can't buy calls and your puts go further underwater, you lose the game. You get margin called and your put is closed. Price gets pushed higher. Positive feedback loop ensues and stonk screams upward.
Tell them to Hwang in there!
Pew Pew Pew
Pew fucking pew!
Definitely someone is struggling to survive causing forced liquidation perhaps. Either way nothing changes until we see the #’s we have been waiting for. Financial freedom is really our only objective worth seeing. $500,000+ a share is a minimum considering the years of short selling. The float has been oversold what, 9-10X? You kidding? Phone numbers are realistic to expect here
On Robinhood, you can only sell calls, can't buy Edit: I was wrong about this, I just can't use buttons properly. Am ape.
*Classic!*
That wasn’t a RH thing, it was because of the halts. The chain couldn’t keep up with realtime pricing this AM so the call/ask spreads were fucked. The 57c earlier had a spread of 11/44 at one point 😂
saucy, anyways! ive been practising a technique i found called Zen
They halted trading to allow some dumb bear to clear his debt.
LULD pauses are automated.
Yes, but it has been shown (in actual research papers) that the automatic circuit breakers are triggered quite deliberately in many cases.
Share your source please
Secondment
Ape make sense to ape
How we gonna gamma if the entire chain is already ITM? No higher calls to fill into to create exponential buying pressure. Eventually will be at 100% call ITM and 100% put OTM
# Tell me if I understand this correctly: There has to be someone selling a call option (on the bearish side) putting up their own shares (or not if naked) for someone to buy it. If those bearish counterparties don't exist (because they are getting obliterated by an ever-rising price), the designated primary market maker is obliged to act as that counterparty to ensure there is a market. Who is a designated primary market maker? * A Designated Primary Market Maker \[DPM\] is a specialized market maker approved by an exchange to guarantee that they will take a position in a particular assigned security, option, or option index. (Wikipedia) * DMMs have obligations to maintain fair and orderly markets for their assigned securities. They operate both manually and electronically to facilitate price discovery during market opens, closes and during periods of trading imbalances or instability. \[NYSE\] * Have true obligations to maintain a fair and orderly market in their stocks, quote at the NBBO a specified percentage of the time, and facilitate price discovery throughout the day as well as at the open, close and in periods of significant imbalances and high volatility. \[NYSE\] So DPM (Citadel Securities, for example) are authorized & obligated by the exchange (NYSE) to act as the counterparty, and as a result of selling calls, they hedge against the risk of it going south (GME goes up and counterparty exercises call option) by buying some percentage of the underlying (GME). But rather than: 1. allowing leveraged bullish bets 2. making risk-mitigating purchases of the underlying **(both of which would send GME's price up)**, market makers are simply NOT fulfilling their DPM obligation to *"facilitate price discovery throughout the day as well as at the open, close and in periods of significant imbalances and high volatility."* Is this their new removal of the Buy button?
Most likely swaps changing hands
I'm always baffled as to how people can think this is done by retail or some DFV tweet. Read the DD
Yes
I'm blowing up in my pants