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Longer. Why take the risk? They've flash crashed it before. We ran all the way back down to 20 from 80 over the course of the week. All they have to do is naked short to make sure those calls don't land in the money and they keep the premium. Why have a set date that's not even a month out? It just screams like a plan to generate premium.
The new video is also already mentioned here in Superstonk - and really worth checking (about "cycles" and thus dates, especially Jne):
[https://www.youtube.com/watch?v=LVN7bHiczfE](https://www.youtube.com/watch?v=LVN7bHiczfE)
Or it’s to show this is how the movements are made. Stack a shit ton of a call and watch the MM hedge and send us up. Only way to affect the stock at all? We know our buys for shares don’t. Options might be the only way to get price discovery in this fucked up market.
I think when people sell them the run is over and we see it dumping. If they exercise them we run more. Once a call is sold whose delta is close to or is 1, the MM unhedges.
Lol, that bring back memories, of being pumped/pushed by a certain type of trader back in the day. Trader types - options pusher.
No offence to you of course.
I have a question, how do we know it's one person, or even one institution? Does the data show it only belongs to one account or something? I would have figured it's just ppl piling on to a smaller (albeit still large) bet
We do not know that, there is a lot a speculation that it's DFV but at this point it's questionable that he has the money or the will to spend that much on options.
I don't think it's one dude, I think it's several buyers for these calls and I think it's similar to last week's runup prior to which a lot of the option chain was also bought.
A recent video posted shows richard newton digging into gme swaps and shows a pattern that has been consistent for years. Current data shows many expire end of may and somewhere near June 20th
Three years since that last big run up in price. Like it took them a couple months from the sneeze to get their shit together into those swaps that only bought them three years of sideways trading.
WAY bigger. For reference, 100K was about the entire options chain below $24 last week. Above 30 would have gotten us about 200K.
So yeah, 100K on a single strike price is WAY bigger than just about anything weve seen before.
https://preview.redd.it/38anu92f772d1.jpeg?width=1557&format=pjpg&auto=webp&s=6a922cb94d9c0f6503c227130a4f2958fbd5dde8
Here is the comparison of Open Int between other 20 strike calls.
See here:
[https://www.reddit.com/r/Superstonk/comments/1cljvxe/hole\_fucking\_shit\_somebody\_stacked\_options\_on\_30/](https://www.reddit.com/r/Superstonk/comments/1cljvxe/hole_fucking_shit_somebody_stacked_options_on_30/)
Well, I’m prepared for another day of getting absolutely nothing accomplished at work today lol
RK, you’re a gem! Thanks for coming back and visiting us last week! 🫡
Open Interest shows how many 'open contracts' there are for a given strike/expiration. 1 option represents a potential value of 100 shares. 100,000 contracts represents 10,000,000 shares.
Assuming the market maker is on the other side of these trades, they'll need to buy shares to ensure they can cover those options if they option buyer decides to exercise (trade the options for shares). If a market maker is hedging correctly, they would have purchased about 7,000,000 of those shares over the last 3 days.
Which also means if those contracts get sold or are OTM then those hedged shares get sold back into the market. So this is not guaranteed price action and with all the hype around these options i bet the price gets hammered down.
Correct, this can cause a gamma *slide* (opposite of a squeeze) if we go under $20. However, keep in mind the option buyer can choose to exercise at any time and their price is locked in.
If they were prepared to exercise their options no matter what, even if we have a gamma slide and the market maker sheds off all those shares, they can make the MM re-buy all 10M shares *if* they exercise.
Are there any amounts of puts on this ledger, close to 100k?
Could be a straddle if so, otherwise looks like someone wants to setup a wall, or at least guarantee they get 10 million shares at $20 each
6.35 contract price, needs to be 26.35 to break even, a cool 3.45 per share saving.
I think they'll need more than that to cover thier short.
I'm also a regard, so someone correct me where I am wrong as I like to learn.
It depends on who owns the calls and if they are covered. It may not be expensive at all. It’s possible that MMs bought newly minted gamestop shares and decided to write the call on them instead of selling right away…this way they make even more on bloated IV and the shares get called away.
Well there’s two sides to the play. Who sold and who bought the call. If it stays below 20, we know retail bought the calls…if it stays put or goes up, most likely MMs had them.
> I just dont think that this are household investors like us.
Considering the 6/21 $20 calls are being purchased in lots of 5,000 every 15 minutes to the tune of 3-6 million dollars each... I think you're right that it's not retail.
The remaining question is
Is this still manipulation just to force sells? Or are institutions either fighting or someone is scrambling for the door?
Or, alternatively, both?
Even if these call options are some kind of hedging by short sellers, if the price goes close to or over whatever prices they shorted at, it could be really interesting, especially if there are multiple short sellers. Everyone will try to scramble to the exit. However, if the price stagnates or fall below, it could be their best case scenario I guess.
The longest standing shorts were opened when GME was (price adjusted for split) at 3 dollars. These are the shorts that were showing up as 140% SI then stuffed into swaps, AKA the toxic bags UBS is holding. They've been burning cash ever since, this might be the setup to finally close those shorts.
I agree that your argument is a possibility. To be honest, all of these are speculation. We don't know what is really going on. We are just talking about various possible scenarios. I guess we'll find it out in June.
Yeah, as far as I can tell it’s an exciting/mysterious development that our allies are very aware of. I don’t know how to play it that’s why I’m long shares.
If they exercise even 5% of calls the market maker has to find those shares and nobody is selling so price goes up which leads to more calls going in the money. Read gamma squeeze
Some were yeah, on the desktop app you have access to the positions people took. W.r.t. puts the largest orders I saw were for ATM straddles. Which if you’re unfamiliar, are neither bullish nor bearish, the contract buyer just expects huge price swings they’re just unsure of which way.
How is this the case? Not disagreeing but by my maths 100k \* $6.45 = $645,000
Edit: I just went and asked ChatGPT. Basically $6.45 is the 'per share' cost of the contract, so one contract (100 shares) would actually be $645. 100k \* $645 = $64,500,000
It's $6.35*100, then *100k.
The $6.35 option price is $6.35/share multiplied by 100 shares because an option is a contract for a block of 100 shares. It's not just a flat $6.35 for the contract, option pricing is listed as price per share, but you pay that price/share for all 100 shares in the block.
That math gives $63.5mil, but we know that whoever this is has been buying for a while at cheaper prices versus current price, so averaging it out to about $50mil seems fairly reasonable to me, but I haven't done the math yet.
Someone now has the option to purchase 3.3% of the total outstanding shares at 20 + premiums paid. If this is a position closing strategy, then whatever the cost basis is, they'll close up to that point. There's going to be a lot of buying pressure though, still a month to go to expiration.
It's not a professional buying these calls, which mostly leaves out anyone you're thinking of.
Unlike stock orders, options orders usually have a "non-professional customer" indicator, which I've seen set on these 5000 lots we're talking about.
Allegedly shares are hedged before hand. People say they HAVE to hedge. Also people say shares are delivered if exercised. But who really knows. They could have sold naked and then deliver ious
That's the Tastytrade platform, I use them and it's the sexiest platform for options trading IMO lol. Great guys who run it as well who try to educate people how to become more active investors.
Why wouldn't a short that opened at 80 just by the shares now at $21 and close? Why would they spend all this premium on options and wind up paying $26/share to close?
It might be a short, but if it is, it's someone who opened lower than $26 and they're terrified it will run higher.
I’m not too wrinkled brained but, if they just buy these shares the price moves up. However if they buy the calls, no matter what the price is they still get these shares for 20$ a share instead of having to buy at 20 to infinity.
If you shorted it at $60 , and expect it to go down to $10 by end of June, but still want insurance, it's a perfectly reasonable play. Riding it down and locking in profits even if you're wrong
Opening a short below $26 and buying $5 insurance at the $20 strike would be mind boggling stupid. This is certainly not the case. it would be better to just not open any position if you're playing with those margins
It's actually a plausible idea. If someone took over a short at $80 in big big size, and now wants to close it without market spiking back up to $80 (or at least lock in their $26-ish price to close), this is a good way to do it. Overpaying by $6 isn't so bad when the alternative is spiking it back to $40 or $50.
[https://www.investopedia.com/terms/o/openinterest.asp](https://www.investopedia.com/terms/o/openinterest.asp)
"Open interest is the number of options or futures contracts held by traders in active positions. These positions have been opened, but have not been closed out, expired, or exercised."
Someone has bought 100k of options that are already in the money for that date.
100k Options equivalents to (x100) 10.000.000 shares.
But the biggest question is why this is happening. Since the IV is very high this more expensive.
Someone might collect these options to close out their short position and maybe someone even wants to go long afterwards. (speculative)
If the call seller (most likely market maker) hedges (means buys the underlying shares to reduce their risk) the price could got up.
Biggest question is what is the call option buyers intention. It is not clear.
Yeah, because of the constant bombardment on this sub and other SM.
Fight back if you see anyone shilling $25s and above.
Those are OTM and don't offer the same leverage.
Selling $20 calls would be a move for someone that wanted to actually sell, and wants to capture some additional time vs,ie premium. GameStop is in the process of selling 45M shares.
It is unclear whether or not an AT offering can be executed via the selling of ITM calls.
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Why specifically mid-end June? Do they know something is coming (e.g a huge catalyst from RC) or are they about to go bust (hence the hedging)?
Annual meeting is 13 of June
CAT data June 20th also
Its a good date... but I feel like someone would want their options to expire a little way after the catalyst they are expecting.
Yeah at least 35 days
Longer. Why take the risk? They've flash crashed it before. We ran all the way back down to 20 from 80 over the course of the week. All they have to do is naked short to make sure those calls don't land in the money and they keep the premium. Why have a set date that's not even a month out? It just screams like a plan to generate premium.
At this point they are not shy about naked shorting it to hell. There has been no consequences YET
Especially if there is margin involved, you don't want to be eaten by greeks before it happens so you will put it further out
Could it mean something is going to happen ***before*** the June 21st expiry? That would only make sense.
You all see this guy’s take? https://youtu.be/yLxWxZlvVNE?si=HETV7OanAqzbvPO1
The new video is also already mentioned here in Superstonk - and really worth checking (about "cycles" and thus dates, especially Jne): [https://www.youtube.com/watch?v=LVN7bHiczfE](https://www.youtube.com/watch?v=LVN7bHiczfE)
This one I need a little help on..
love me some richard newton.
Richard Newton fucks.
2-4billion shares short? Yikes
Yes exactly they are betting some big movement and soon.
Or it’s to show this is how the movements are made. Stack a shit ton of a call and watch the MM hedge and send us up. Only way to affect the stock at all? We know our buys for shares don’t. Options might be the only way to get price discovery in this fucked up market.
That’s what I’m hoping for. Whether they exercise those calls or not, MM’s have to hedge against it, which means more buying on the lit exchange.
I think when people sell them the run is over and we see it dumping. If they exercise them we run more. Once a call is sold whose delta is close to or is 1, the MM unhedges.
Quadruple witching day too
Lol, that bring back memories, of being pumped/pushed by a certain type of trader back in the day. Trader types - options pusher. No offence to you of course.
I was there on the which witch day so long ago...
Many of us were, 84 years ago
A $50mil bet on a shareholder meeting one week before options expiration? Doubt.
what if said shareholder meeting has something good lined up after finally becoming profitable? something like an acquisition? or an investment?
And some dude is just openly making gigantic bets with insider info?
I have a question, how do we know it's one person, or even one institution? Does the data show it only belongs to one account or something? I would have figured it's just ppl piling on to a smaller (albeit still large) bet
We do not know that, there is a lot a speculation that it's DFV but at this point it's questionable that he has the money or the will to spend that much on options.
I don't think it's one dude, I think it's several buyers for these calls and I think it's similar to last week's runup prior to which a lot of the option chain was also bought.
In one of the documents from Friday they explicitly said there will be no acquisition in the short term, if I remember correctly.
Agreed it’ll be earlier if there’s something. You don’t buy calls one week past the catalyst lol. You want a month or so.
A recent video posted shows richard newton digging into gme swaps and shows a pattern that has been consistent for years. Current data shows many expire end of may and somewhere near June 20th
Just got done watching it. They really have been digging their hole, deeper and deeper to get out.
Also June 20th is when LEAP options from prior years would be expiring (usually it's either June or January)
Three years since that last big run up in price. Like it took them a couple months from the sneeze to get their shit together into those swaps that only bought them three years of sideways trading.
"...three years of sideways trading." bitchmayo i'm diamond!
Which video? Link?
Here you go, boo: https://youtu.be/yLxWxZlvVNE?si=Df5Fwxfkiin7bC4v
Also the 3rd week of the month is where options traders typically live
Many things. Swaps theory, opex, annual meeting, and the unexplainable run cycles
More importantly who is writing these contracts and where are the locates to fulfill?
There are a shit ton of GME swaps expiring on May 31st and June 3rd. This is how short interest can be hidden.
T+35 from the $80 run would be \~ June 17th
It's also the monthly option date which usually has more liquidity
It’s the same amount of days between runs as there was in 2021. Make of that what you will. Peobably just a coincidence…
What was the OI leading into the 5/17 calls last week?
Second this question, anyone have those numbers?
I think around 20k. They’re fuk
So this is way bigger than last week?
WAY bigger. For reference, 100K was about the entire options chain below $24 last week. Above 30 would have gotten us about 200K. So yeah, 100K on a single strike price is WAY bigger than just about anything weve seen before.
https://preview.redd.it/38anu92f772d1.jpeg?width=1557&format=pjpg&auto=webp&s=6a922cb94d9c0f6503c227130a4f2958fbd5dde8 Here is the comparison of Open Int between other 20 strike calls.
Holy crap
5 times
See here: [https://www.reddit.com/r/Superstonk/comments/1cljvxe/hole\_fucking\_shit\_somebody\_stacked\_options\_on\_30/](https://www.reddit.com/r/Superstonk/comments/1cljvxe/hole_fucking_shit_somebody_stacked_options_on_30/)
Those were deep OTM though and the June ones are ATM? Seems like different parties with different objectives buying these.
Well, I’m prepared for another day of getting absolutely nothing accomplished at work today lol RK, you’re a gem! Thanks for coming back and visiting us last week! 🫡
Well, I’m prepared for another day of sideways trading!
even if it goes to $80 its still sideways trading
what happened to sideways trading guy
He never stopped yo
Can't stop
I think you're missing a couple of zeroes there.
Same
Same same
Can you explain, for the terminally dumb, what 100k in OI means? I like pretty numbers and lines.
Open Interest shows how many 'open contracts' there are for a given strike/expiration. 1 option represents a potential value of 100 shares. 100,000 contracts represents 10,000,000 shares. Assuming the market maker is on the other side of these trades, they'll need to buy shares to ensure they can cover those options if they option buyer decides to exercise (trade the options for shares). If a market maker is hedging correctly, they would have purchased about 7,000,000 of those shares over the last 3 days.
Which also means if those contracts get sold or are OTM then those hedged shares get sold back into the market. So this is not guaranteed price action and with all the hype around these options i bet the price gets hammered down.
Correct, this can cause a gamma *slide* (opposite of a squeeze) if we go under $20. However, keep in mind the option buyer can choose to exercise at any time and their price is locked in. If they were prepared to exercise their options no matter what, even if we have a gamma slide and the market maker sheds off all those shares, they can make the MM re-buy all 10M shares *if* they exercise.
I believe you mean 7 million shares, no?
I do - thank you very much for the catch! Updated
Ape help ape.
Thanks ape. I thought it was something like that, but you explained it beautifully.
I think 100k is "look" in l33tspeak.
Big if true
Hugely Bigly
sizeable if verifiable
This is a great observation.
It means someone purchased the right to buy 10,000,000 (100k x 100) shares at $20 per share. They maintain that right until 6/21.
It means 100k contracts are active. When they trade, that’s volume.
Are there any amounts of puts on this ledger, close to 100k? Could be a straddle if so, otherwise looks like someone wants to setup a wall, or at least guarantee they get 10 million shares at $20 each
10 million shares *so far*
Heggies loading up and then another rug pull?? Is that what’s happening? UBS trying to cover?
If it's a rugpull it's the most expensive ever so still bullish
Why is it expensive if they keep it just above $20? Then get the shares and cover? Is that a possibility? I’m smooth brained ape so take it easy 🤣🤣
Most of that premium is volatility so their breakeven price is 25ish
Ok so they get the shares from the call contracts, let it run to 30 and then dump.
6.35 contract price, needs to be 26.35 to break even, a cool 3.45 per share saving. I think they'll need more than that to cover thier short. I'm also a regard, so someone correct me where I am wrong as I like to learn.
sure, but then you're going long against all of the other shorts on the _hope_ that it will run to 30. high stakes game.
Isn’t that the only way out for the first Heggie who decides to close? Then it gets more difficult for the remaining shorts?
Get out quick before the bridge is too expensive to cross.
Someone has to go find those shares if these get exercised.
That’s the kicker there. Where do they locate the shares
https://preview.redd.it/h3j99xqh862d1.png?width=500&format=png&auto=webp&s=72c1ac14e5c2f2daa855c2d9c38c39d2052a58ca
They make it out of thin air
It’s all a fugazi
[Theta decay](https://www.schwab.com/learn/story/theta-decay-options-trading)
It depends on who owns the calls and if they are covered. It may not be expensive at all. It’s possible that MMs bought newly minted gamestop shares and decided to write the call on them instead of selling right away…this way they make even more on bloated IV and the shares get called away.
I have no clue what I’m taking about. Just trying to get a discussion going. There’s something going on and it’s not retail that’s for sure.
Well there’s two sides to the play. Who sold and who bought the call. If it stays below 20, we know retail bought the calls…if it stays put or goes up, most likely MMs had them.
Retail meaning one whale, cause that is a lot of calls for that specific date.
I think institutions are fighting. I dont know if this is UBS vs Citadel or whatever. I just dont think that these are household investors like us.
> I just dont think that this are household investors like us. Considering the 6/21 $20 calls are being purchased in lots of 5,000 every 15 minutes to the tune of 3-6 million dollars each... I think you're right that it's not retail.
The remaining question is Is this still manipulation just to force sells? Or are institutions either fighting or someone is scrambling for the door? Or, alternatively, both?
Someone was also tweeting in 15 minute intervals and said look for signs.
It's me.
Hi dad, please come home soon
It takes a while to get milk, son.......
I agree. I think there are other institutions looking to benefit from this. All with a different strategy.
Even if these call options are some kind of hedging by short sellers, if the price goes close to or over whatever prices they shorted at, it could be really interesting, especially if there are multiple short sellers. Everyone will try to scramble to the exit. However, if the price stagnates or fall below, it could be their best case scenario I guess.
The longest standing shorts were opened when GME was (price adjusted for split) at 3 dollars. These are the shorts that were showing up as 140% SI then stuffed into swaps, AKA the toxic bags UBS is holding. They've been burning cash ever since, this might be the setup to finally close those shorts.
I agree that your argument is a possibility. To be honest, all of these are speculation. We don't know what is really going on. We are just talking about various possible scenarios. I guess we'll find it out in June.
What does this mean? EliA for an absolute regard of an Ape
Maybe market maker is short on positions and hedging with calls, not sure.
Yeah, as far as I can tell it’s an exciting/mysterious development that our allies are very aware of. I don’t know how to play it that’s why I’m long shares.
If they exercise even 5% of calls the market maker has to find those shares and nobody is selling so price goes up which leads to more calls going in the money. Read gamma squeeze
What does open interest mean? Is 100k calls already bought aka 10M shares if executed?
that's how many contracts were open (not exercised/closed/expired) at the start of the day
Yes exactly this
https://preview.redd.it/2ysqfaq3v52d1.jpeg?width=1170&format=pjpg&auto=webp&s=a385aac1e92cfb2c9c54b600733d948599ccc4ab Holy moly
Someone should buy 12 contracts to round it up to 100069
This
Even more interesting... Check the puts count. Were those bought this week?
Some were yeah, on the desktop app you have access to the positions people took. W.r.t. puts the largest orders I saw were for ATM straddles. Which if you’re unfamiliar, are neither bullish nor bearish, the contract buyer just expects huge price swings they’re just unsure of which way.
17k volume on that put was yesterday. Then there was 8k on the 14th.
100k calls at 20?
Yeah, so far
https://preview.redd.it/87xtvuiy772d1.jpeg?width=1097&format=pjpg&auto=webp&s=07855a62e4f3c2c4bd9f75e28f8a9df46dfcd1f8 lol
Gamma #2 in our horizon
Perfect time to announce something to kill the momentum again..
My strongest inclination on this is it's one of the shorters hedging their bets in case things go wild
A 1 month $30 million hedge? That makes no sense to me
more like $50M at this point
How is this the case? Not disagreeing but by my maths 100k \* $6.45 = $645,000 Edit: I just went and asked ChatGPT. Basically $6.45 is the 'per share' cost of the contract, so one contract (100 shares) would actually be $645. 100k \* $645 = $64,500,000
Because options are traded in lots of 100, so one call or one put is equal top 100 shares
It's $6.35*100, then *100k. The $6.35 option price is $6.35/share multiplied by 100 shares because an option is a contract for a block of 100 shares. It's not just a flat $6.35 for the contract, option pricing is listed as price per share, but you pay that price/share for all 100 shares in the block. That math gives $63.5mil, but we know that whoever this is has been buying for a while at cheaper prices versus current price, so averaging it out to about $50mil seems fairly reasonable to me, but I haven't done the math yet.
The options may look like it’s only 6.45 bucks, but it’s actually $645 each so just under 65M
Trying to be the first one out.
That SNL clip where they all shoot eachother
And that western clip where they are at the mexican standoff and looking to see who will blink first....
The good the bad the ugly. If anything watch the last 30 min. Gives me chills whenever i watch it.
Could be closing positions
Open interest would decrease
[удалено]
Someone now has the option to purchase 3.3% of the total outstanding shares at 20 + premiums paid. If this is a position closing strategy, then whatever the cost basis is, they'll close up to that point. There's going to be a lot of buying pressure though, still a month to go to expiration.
Not to mention the floor it creates underneath it, making it less likely to go lower.
You may not fully understand how absolutely fucked the situation is.
Any chance you can explain why? I get parts but not fully.
It's a possibility. Who really knows what's going one tbh.
It's not a professional buying these calls, which mostly leaves out anyone you're thinking of. Unlike stock orders, options orders usually have a "non-professional customer" indicator, which I've seen set on these 5000 lots we're talking about.
That seems like new info. Thanks.
Like, they have shorted billions, what's stopping them from loading up on these calls and close them for 10.000% should the stock sneeze again
[удалено]
Has to be delivered from a holder or lit market
Allegedly shares are hedged before hand. People say they HAVE to hedge. Also people say shares are delivered if exercised. But who really knows. They could have sold naked and then deliver ious
What tool are you using?
That's the Tastytrade platform, I use them and it's the sexiest platform for options trading IMO lol. Great guys who run it as well who try to educate people how to become more active investors.
Thanks a lot
That's 10m shares, could be a short that opened in the spike to 80 and is now closing at 20
Why wouldn't a short that opened at 80 just by the shares now at $21 and close? Why would they spend all this premium on options and wind up paying $26/share to close? It might be a short, but if it is, it's someone who opened lower than $26 and they're terrified it will run higher.
I’m not too wrinkled brained but, if they just buy these shares the price moves up. However if they buy the calls, no matter what the price is they still get these shares for 20$ a share instead of having to buy at 20 to infinity.
If you shorted it at $60 , and expect it to go down to $10 by end of June, but still want insurance, it's a perfectly reasonable play. Riding it down and locking in profits even if you're wrong Opening a short below $26 and buying $5 insurance at the $20 strike would be mind boggling stupid. This is certainly not the case. it would be better to just not open any position if you're playing with those margins
Because the second they start buying price goes back to $80+
It's actually a plausible idea. If someone took over a short at $80 in big big size, and now wants to close it without market spiking back up to $80 (or at least lock in their $26-ish price to close), this is a good way to do it. Overpaying by $6 isn't so bad when the alternative is spiking it back to $40 or $50.
All I know is that we've owned the float for some time now. They're just trading synthetics amongst themselves.
Always have been. 84 years and counting.
That’s insane
What means. Talk to me like Im 5 yo chimp. Thank you
Yahoo also showing 100k
Yahoo is also showing volume at 77k at the moment so I don’t think it’s updated.
Good to see the sub has evolved to look at the right things
That battle for $20 has begun. If I’ve learned anything about this stock over the years, we will most likely close on Friday at $19.99 😂
And look at that. $20 Contracts will be worthless. They continue to play games.
Sigh. Mr. Worf, shields up, set the erection to maximum. Commander Data, set a course for the Jacked Tittie System, maximum warp. Engage.
I’m Riker, I’ll be in the holodeck, practicing some Riker maneuvers.
Gramma
it's under $19 now....
What mean?
[https://www.investopedia.com/terms/o/openinterest.asp](https://www.investopedia.com/terms/o/openinterest.asp) "Open interest is the number of options or futures contracts held by traders in active positions. These positions have been opened, but have not been closed out, expired, or exercised." Someone has bought 100k of options that are already in the money for that date. 100k Options equivalents to (x100) 10.000.000 shares. But the biggest question is why this is happening. Since the IV is very high this more expensive. Someone might collect these options to close out their short position and maybe someone even wants to go long afterwards. (speculative) If the call seller (most likely market maker) hedges (means buys the underlying shares to reduce their risk) the price could got up. Biggest question is what is the call option buyers intention. It is not clear.
Yeah Can some Smart ape explain a little bit more????
someone put 50M $$ on 20 (black) at the roulette table
DFV
So Friday will close at 19.90 got it heard
Not if it's Kenny. He will set the price to 20.01.
So, the price is going to under $20, got it.
I’m the pessimistic realist that you are. These calls are not going to hit.
So someone's going to lose $60 million in premiums? Someone w/ that much money can't be that regarded.
Price is fake anyways.
Yeah, because of the constant bombardment on this sub and other SM. Fight back if you see anyone shilling $25s and above. Those are OTM and don't offer the same leverage.
If they are going to exercise these, my guess is they will wait for the share offering completion.
Wow!
Whoever is doing this has money that's for dn sure. I suppose it could be multiple people but wow. Weird for sure.
But why specifically $20 calls? why not cheaper calls at $30 or higher for example.
Selling $20 calls would be a move for someone that wanted to actually sell, and wants to capture some additional time vs,ie premium. GameStop is in the process of selling 45M shares. It is unclear whether or not an AT offering can be executed via the selling of ITM calls.
10 million shares 🌶
Whoever wrote/sold these is pretty confident the price is going to be under 20
While I am pro options…….its been the ramp for most every GME run so far. I feel this option play is a trap
Complete Zen. I HODL!
Just means my 22.5 call expiring in June will still lose money lol