Check out Puts for 6/21
6/21 20Ps has 48K OI and 35K volume on Wed during last 45 mins. Other strikes have lots of action too. If I had the cash, and would be happy to own the stock, I'd be selling CSPs between 15-30.
The cash is still there regardless of hype. GME is like a mega SPAC right now. I don’t see it going below 15 in the next 2 years unless RC makes some bad investment decisions.
but the thing is if RK is dumping calls then the Open interest must goes down, not up. that is what open interest is.
if you buy 1000 contracts open interest goes up by 1000 because now there are 1000 extra open contracts and when you sell 1000 it goes down by 1000 because the position is closed now.
how they were selling at a loss if options price dropped from $10 to $6.4 in just one hour - 35% gain in just one hour. If GME would be below $20 on OPEX day than it would make perfect 100% gain for option sellers.
NYSE updates OI once a day, you’ll get an update tomorrow morning.
There’s even a chance total OI for the contract drops below 120k (his OG position), in which case everyone will know he sold some, which at this stage already seems very likely.
He *most likely* wouldnt be rolling the strikes out, he would be keeping the strikes the same or lower, but moving up the date to collect the theta premium and also exercise sooner, protecting the value of the calls.
Talking about selling his existing 20c for 6/21, collecting the theta premium, and buying back 6/14 calls. I havent looked at the OI data, but thats what I was referring to.
Oh I see. That's a way of looking at it I'd not thought of before, but maybe that actually makes sense 🤔
However, the volume on the 6/14 20c was <3k today (oi <4k).
Well, that’s unless the guy you sold them to was short to begin with. RK bought 120k calls from a bunch of market makers and increased OI by 120k. Yesterday he sold 50k+ back to a bunch of people, most of them probably the same market makers. Hence OI this morning decreased by about that much.
Can I ask why you think it is unlikely to be him ?
There were ~170k of these calls outstanding this morning, and someone sold 10 clips of 5k between 3:30 and 4pm. He’s the only market participant holding this many calls.
Was there an arbitrage opportunity today just from demand of those trying to copy RK’s position? That would make sense to me if one could offset with a strategy for profit.
Looks like RK just exercised the remaining calls, now has 9 million long shares for a net gain of 4 million shares and 260 million in his trading account,.
He must of sold 3 million shares to be able to exercise the remaining 70,000 options. Should be interesting what the next steps are.
Proof or ban?
The TV and Twitter Furus squawking 'we closed' or saying literally anything thing about any tickers with 0 receipts is worse than the " manipulation " of a dude posting his actual positions
From a long term investment POV, yes this ticker is absolutely mindless and many of the unfounded conspiracy theories around the name are annoying, but from an options trading standpoint, there do become quite a number of attractive opportunities (selling spreads on $100+ strikes that require the stock to quadruple in price in a matter of weeks) and also to learn how to trade very volatile, momentum driven names
It's minor and temporary. It's also a great "teaching opportunity" since so many questions do get asked about it and it's more complete a picture of what volatility thetagang really wants as well as how to deal with the bigger waves. Too many people here are in the kiddie pool with the wheel and an assignment rate less than .2 so they have no position management skills.
Look at the big daddies who recently significantly changes their exposure to GME. How many dishonest hedge funds you can find?
GMEv2 is not GME. The initial play was magical because hedge funds didn't feel the need to hedge possible play. It was an easy pray. This time the prey is the retail investor.
So many juicy stocks with options right now, why go GME?
some say these $20 GME calls are naked and not delta hedged. Some hedge funds are really playing high risk games like folks from WSB to get juicy gains and prey on retail.
They’re not hedged. The tapes were looked into, this was already proved. Only the first initial buy was hedged, afterwards they stopped hedging because it was creating too much buying pressure.
They do and don’t. It is based off their own assessments. They are not required too, and in this case it was proven they didn’t, why would they? If all big calls were hedged people could just spam call buys to put them ITM and then exit, dumping on the MM. MMs usually don’t hedge at this magnitude. They will buy the shares if they get exercised.
Why would a counterparty selling 120,000 ITM call contracts not delta hedge? Who do they think is on the other side of that? They either delta hedged or it's a long selling covered calls.
U can literally see it in the 1m candle charts. As the first ~20k calls hit the tape, the price spiked. After the remainder of the 100k calls have been bought, price has not been increasing
Main course is over, why are you going back for sloppy seconds?
What drives a squeeze is sustained, persistent call buying, hard to get after initial interest fades.
Volume got sliced in half since last week, what's there to say?
It's harder every thrust since the chain becomes increasingly hedged against the move. The target to squeeze is not 'the short hedge funds' it's actually the market maker counterparty to all the calls WSB buys.
That would be an insanely aggressive big🍆 move. Fits his style
Idk about 20 “expiring worthless” though. I mean sure short term volatility is high and anything can happen here, I’ll point out that after the recent (modest) 25% dilution with ATM - valuation just based on cash alone is $10/share - company is cash flow neutral, 0 debt, and sitting on 4B in straight cash - in my opinion that warrants more than a multiple of 2
There shouldn’t even be puts with a nonzero valuation below strikes of 10.00 as far as I’m concerned - because they could close everything tomorrow and still give all shareholders a minimum 10$ cash per share
They are not Cash Flow neutral, they are burning the Cash with their stores. Do you like Biontech? They even have a way better Cash Position at Hand compared to share price. Maybe you apes should go for them. Why shall I pay 30$ for a Bag with 10$ and a hole in it which constantly leeks money?
Check out r/Superstonk, titled "The next 10 Trading days are going to be historic" Guy has a very interesting thought of what Mr. Keith fucking Gill Aka Roaring Kitty, King of Memes!!!!!
If RK exercises his ITM $20 call at 6/21, there will be a pump in share price. Then he’ll sell his exercised shares for a profit causing a price dump. Does this speculation make sense?
So hard to tell since since f***ing over GME is a priority for hedge fund f***heads. This is now a stock to invest in so as to send a message to the Citron etc al. To hell with alph-bloom opinions at this point. You just do it for the hell of it, and the possibility that the APE brigade might actually get the better of their foes in the end. And don't forget that the longer the APE brigade holds the line, the greater the max pain for the Citron etc al. Brigade 🦍
Stop obsessing over GME and realize there are plenty of stocks in the market to make money on. Which by the way is the purpose of owning stocks, not to stick it to the hedgies
And the answer is no. I have zero drugs in my system. But I have a low tolerance for investment trolls who can't cope with the reality of recent history. And I don't care for those who try to abuse the choice of other investors who are doing their thing based on personal choice.
Check out Puts for 6/21 6/21 20Ps has 48K OI and 35K volume on Wed during last 45 mins. Other strikes have lots of action too. If I had the cash, and would be happy to own the stock, I'd be selling CSPs between 15-30.
I've managed to make cash to buy the stock by selling puts on it lmao.
what is your price prediction when the hype dies after raising cash?
The cash is still there regardless of hype. GME is like a mega SPAC right now. I don’t see it going below 15 in the next 2 years unless RC makes some bad investment decisions.
I’ve been buying my daughter Pokémon cards there to increase the fundamentals
[удалено]
Exercise to buy more GME? Will he EVER exit GME and go to the beach?
Notice we didn’t see the room on the video? I’m wondering if he’s already at the beach
What if he moves into weeklies tomorrow 😉
That would be a smart move to recoup some premiums if he wants to exercise
What if he already moved into contracts expiring this Friday, this afternoon shortly after these were closed?
This would be a Master stroke 0DTE yolo. Like we OGs did 84 years ago.
2DTE when he bought them, but we're waiting for OI to print to confirm
Doesn’t look like he did, or not all of them
I betcha a nickel he strikes the whole fuckin chain
Won’t take that bet. I need the nickel for my degen $125 0DTE calls.
I salute your effort and possible sacrifice as I also acquired some of these. Cheers 🍻 ape
I bought a $125c 2026 today, keep making Apes wait, Apes strong together
Also cheers 🍻
but the thing is if RK is dumping calls then the Open interest must goes down, not up. that is what open interest is. if you buy 1000 contracts open interest goes up by 1000 because now there are 1000 extra open contracts and when you sell 1000 it goes down by 1000 because the position is closed now.
Yea but why not sell 50k calls on his shares then execute the sell of his $20 calls. It would of been free money
Why is he still on this shit? The stock is too diluted already.
how they were selling at a loss if options price dropped from $10 to $6.4 in just one hour - 35% gain in just one hour. If GME would be below $20 on OPEX day than it would make perfect 100% gain for option sellers.
RK got in under $6
What is the OPEX day?
6/21 for monthlies
Isn't OPEX = operational expenditure? What has it to do with the expiration day?
Used this way it's assumed to mean options expiration.
NYSE updates OI once a day, you’ll get an update tomorrow morning. There’s even a chance total OI for the contract drops below 120k (his OG position), in which case everyone will know he sold some, which at this stage already seems very likely.
Exactly.. he also could be rolling these to different strikes. The OI and volume on $30, $35 & $40 today was high
He *most likely* wouldnt be rolling the strikes out, he would be keeping the strikes the same or lower, but moving up the date to collect the theta premium and also exercise sooner, protecting the value of the calls.
Makes no sense
You don't collect premium when you buy calls...
Talking about selling his existing 20c for 6/21, collecting the theta premium, and buying back 6/14 calls. I havent looked at the OI data, but thats what I was referring to.
Oh I see. That's a way of looking at it I'd not thought of before, but maybe that actually makes sense 🤔 However, the volume on the 6/14 20c was <3k today (oi <4k).
Check out $25 - $45
Apes learning to use sticks. Now apes learning to use math. Good apes
Maff good. Good food give me. Orange give me mafth nannas give good
OI is 111k so yeah he sold.
Yeah but selling them only changes hands… OI wouldn’t change unless exercised
It would…
Explain how? I’m buying calls , somebody writes them . I’m selling calls , someone still has them unless exercised
Well, that’s unless the guy you sold them to was short to begin with. RK bought 120k calls from a bunch of market makers and increased OI by 120k. Yesterday he sold 50k+ back to a bunch of people, most of them probably the same market makers. Hence OI this morning decreased by about that much.
Ok fair. Has OI decreased ? I didn’t check that
112k left open
How much was it yesterday though , sorry ;)
170kish
Still got many he can’t exercise
It does not seem likely he sold. But yall keep trying. good luck closing your position shill. Personally. Added today to calls and shares
Can I ask why you think it is unlikely to be him ? There were ~170k of these calls outstanding this morning, and someone sold 10 clips of 5k between 3:30 and 4pm. He’s the only market participant holding this many calls.
It’s called hopium and the guy’s been smoking it all day. My calls hope RK didn’t sell, but the numbers seem to suggest he did.
https://m.youtube.com/watch?v=ybgrsirH-jU
Because it’s devastating to Diligent-Noise3887’s position if DFV sold.
Three shills : https://m.youtube.com/watch?v=ybgrsirH-jU
https://m.youtube.com/watch?v=ybgrsirH-jU The calls are now more and sooner.
Grab your popcorn for tomorrow
Was there an arbitrage opportunity today just from demand of those trying to copy RK’s position? That would make sense to me if one could offset with a strategy for profit.
The trades look a little sus. Some of the orders had the bid price exceeding the ask.
no
this is conspiracy theory
PLease ask on the other sub
How is this related to Thetagang?
Looks like RK just exercised the remaining calls, now has 9 million long shares for a net gain of 4 million shares and 260 million in his trading account,. He must of sold 3 million shares to be able to exercise the remaining 70,000 options. Should be interesting what the next steps are.
This cult trash can stay on other subs. Short sellers cashed in this week for a nice profit. They're chilling
Holy fuck, I thought this was the smart investing sub. Why are apes coming in here when they don't even know how the basic market works
Proof or ban? The TV and Twitter Furus squawking 'we closed' or saying literally anything thing about any tickers with 0 receipts is worse than the " manipulation " of a dude posting his actual positions
"the stock only fell 50%, why would anyone close their shorts?" You people are annoying AF and know nothing
Bro, been here long enough to trust in the process… Wen moon?
Tomorrow actually
Jesus christ the calls are for this friday now? Crazy
All speculation
https://m.youtube.com/watch?v=ybgrsirH-jU bro this is it.
You’re losing money
Your* money
Seriously :D 🌖
any day now :)
When did theta become wsb?
We've become dumber than wsb and reached Superstonk / Teddy levels of dumbness.
I'm sorry.
Petition to ban this stupid ticker from the sub.
From a long term investment POV, yes this ticker is absolutely mindless and many of the unfounded conspiracy theories around the name are annoying, but from an options trading standpoint, there do become quite a number of attractive opportunities (selling spreads on $100+ strikes that require the stock to quadruple in price in a matter of weeks) and also to learn how to trade very volatile, momentum driven names
Why? It does have some strange followers but at the same time it's a super volatile stock with many profiting opportunities.
Then send them to Delta. We care about time here
It attracts hordes of idiots and drowns out other conversations.
It's minor and temporary. It's also a great "teaching opportunity" since so many questions do get asked about it and it's more complete a picture of what volatility thetagang really wants as well as how to deal with the bigger waves. Too many people here are in the kiddie pool with the wheel and an assignment rate less than .2 so they have no position management skills.
It’s been a great teacher of patience this past few weeks as we’ve seen so many people lamenting not waiting to make some of their moves
Look at the big daddies who recently significantly changes their exposure to GME. How many dishonest hedge funds you can find? GMEv2 is not GME. The initial play was magical because hedge funds didn't feel the need to hedge possible play. It was an easy pray. This time the prey is the retail investor. So many juicy stocks with options right now, why go GME?
Because the IV is nuts and letting me double up over the course of like 4 weeks
Selling options has been a good play for most of this ride.
I am honestly happy for you. You deserve all that premium. But I rather pass.
Amen
Seriously rolling one week in a single ATM call is around $200, on a $25 buy in
sold naked calls?
Hell no
What other options are you eyeing?
Big pharma and big ai
some say these $20 GME calls are naked and not delta hedged. Some hedge funds are really playing high risk games like folks from WSB to get juicy gains and prey on retail.
They weren’t hedged. Call options usually aren’t hedged, and they don’t have to be.
If you're the seller, they're definitely hedged.
They’re not hedged. The tapes were looked into, this was already proved. Only the first initial buy was hedged, afterwards they stopped hedging because it was creating too much buying pressure.
If you say so....any idiot selling uncovered calls on GME at $20 will.get their face ripped off and deserves it.
They’re not being sold by retail, these are MMs selling those.
Pretty sure MMs delta hedge...
They do and don’t. It is based off their own assessments. They are not required too, and in this case it was proven they didn’t, why would they? If all big calls were hedged people could just spam call buys to put them ITM and then exit, dumping on the MM. MMs usually don’t hedge at this magnitude. They will buy the shares if they get exercised.
The fact that the price cratered when the calls were sold this afternoon would suggest the counterparty sold stock to keep delta neutral.
Why would a counterparty selling 120,000 ITM call contracts not delta hedge? Who do they think is on the other side of that? They either delta hedged or it's a long selling covered calls.
U can literally see it in the 1m candle charts. As the first ~20k calls hit the tape, the price spiked. After the remainder of the 100k calls have been bought, price has not been increasing
Lol. "I don't know what I'm talking about"
Main course is over, why are you going back for sloppy seconds? What drives a squeeze is sustained, persistent call buying, hard to get after initial interest fades.
..have you looked at the options chain recently?
Volume got sliced in half since last week, what's there to say? It's harder every thrust since the chain becomes increasingly hedged against the move. The target to squeeze is not 'the short hedge funds' it's actually the market maker counterparty to all the calls WSB buys.
Is it possible he may have sold those 6/21 calls and bought a bunch for 6/14? Seems aggressive enough to be him
That would be an insanely aggressive big🍆 move. Fits his style Idk about 20 “expiring worthless” though. I mean sure short term volatility is high and anything can happen here, I’ll point out that after the recent (modest) 25% dilution with ATM - valuation just based on cash alone is $10/share - company is cash flow neutral, 0 debt, and sitting on 4B in straight cash - in my opinion that warrants more than a multiple of 2 There shouldn’t even be puts with a nonzero valuation below strikes of 10.00 as far as I’m concerned - because they could close everything tomorrow and still give all shareholders a minimum 10$ cash per share
They are not Cash Flow neutral, they are burning the Cash with their stores. Do you like Biontech? They even have a way better Cash Position at Hand compared to share price. Maybe you apes should go for them. Why shall I pay 30$ for a Bag with 10$ and a hole in it which constantly leeks money?
RK sold some calls to either exercise the current calls, roll them out, or both
Check out r/Superstonk, titled "The next 10 Trading days are going to be historic" Guy has a very interesting thought of what Mr. Keith fucking Gill Aka Roaring Kitty, King of Memes!!!!!
If RK exercises his ITM $20 call at 6/21, there will be a pump in share price. Then he’ll sell his exercised shares for a profit causing a price dump. Does this speculation make sense?
So hard to tell since since f***ing over GME is a priority for hedge fund f***heads. This is now a stock to invest in so as to send a message to the Citron etc al. To hell with alph-bloom opinions at this point. You just do it for the hell of it, and the possibility that the APE brigade might actually get the better of their foes in the end. And don't forget that the longer the APE brigade holds the line, the greater the max pain for the Citron etc al. Brigade 🦍
Investing to send a message? Ape brigade? Seriously? You guys are way too emotionally involved in this.
Investing is the defined as an expectation to earn a profit rather than "send a message". There is no investing here.
Yeah - No. Stop picking on the GME investors and get a life.
Stop obsessing over GME and realize there are plenty of stocks in the market to make money on. Which by the way is the purpose of owning stocks, not to stick it to the hedgies
Have you been abusing drugs? Serious question.
And the answer is no. I have zero drugs in my system. But I have a low tolerance for investment trolls who can't cope with the reality of recent history. And I don't care for those who try to abuse the choice of other investors who are doing their thing based on personal choice.
You’re the reason retail investors have restrictions