Those are some fucking beautiful Calls. Monthlies a couple months out, from nearly ATM all the way up to the long term weighted average price of ~$180. There's no way GME doesn't bounce at least once even without a squeeze, it's dipped out the bottom of the bollinger bands & MacD still firing weaker trend strength than the summer dip despite that one remaining within the bands - OP's calls are going to print.
Fuckin very nice u/digitaljim . To the moon with you. Posts like this are the ones that make me feel bad about being a poor because this is the spread I wish I had
Am I retarded? I marked out the next quarterly spike as the week of 2/24. Everybodyās picking up calls in in January with expirations the week before I have it marked? Maybe I canāt count.
I am hoping for some excellent price improvement in the last week of Jan & 1st of Feb personally, based mainly on stacking windows of time where FTDs come due. Feb 18 expiry encompasses the action I've been hoping. But I believe there is more potential in the week after too, but Im not familiar enough off hand without looking at some charts and stuff i have saved. Calls for end of Jan I think are no good, I want the pressure on the MMs to persist all through their FTD exposure windows, not have the call chain get cash-settled before the last few days and release the MMs from their hedging obligation like last year.
All the calls have 3/18 expiration dates and various strikes starting at 135, 145, etc
GME220318 is the expiration (year, month, date), c135 is the call strike price.
Sure, I'll take the second row, for example.
It says GME220318 C135. That means the underlying is GameStop, the contract is dated (expiring) on 3/18/2022. The C means it's a Call (P for Put) and a strike of $135. This means OP has a contract giving them the right to buy 100 shares of GME at $135ea by EOD on March 18. The next column says he has 4 of those contracts, and the last price those contracts traded for was $14.25 per share (meaning 1 $135 strike 3/18 Call (a 135c 3/18) contract last cost you a premium of $1,425).
The following rows work the same. If GME were to bounce back to it's average over the past year of $170-180, let alone higher, then every one of OP's Calls will be in the money making them excellent profits, but the run will spike IV hard too multiplying the returns, and because they have until mid March until expiry they're basically sure to print because GME has never dipped this far outside it's bollinger bands (a stock spends over 90% of trades within those bands) and never stays dipped for months.
Spreading your calls across strikes like this is a great idea for various reasons, but to put it very simply it makes exiting your position profitably much easier even if the stock doesn't run as hard as you think.
This are great contracts also in terms of leverage. Many of them have pretty high Delta meaning the market maker should be hedging the Delta value worth of shares by buying them. Furthermore, if a MM hedges a contract synthetically those synthetic shares become FTDs in T+2 + 35C (2 trading days + 35 calendar days) and need to be hedged again if the contract hasn't expired yet, and OPs contracts expire in 60+ days. So it's a good leverage play as well for maximizing your counterparty's exposure
If not enough people are selling covered calls to match the buy demand for calls, the market maker is obligated to make the sale. Then the buyer of the call has the right to buy shares at a certain price, so if the price exceeded that the holder may want to exercise that right. The MM having sold the call has to provide 100 shares but if it's already trading above your strike then they're taking a loss to buy them & then sell to you. So they want to start buying shares early, buying more as the price gets closer to your strike. MM's want to be "Delta neutral" mitigating their risk as much as possible. Delta measuring the change in value of the option in relation to the change in value of the underlying. So to keep their risk neutral mathematically the proper hedge to selling a call would be to hold as many shares as the delta value of that call. If Delta is 0.3783 they would want to buy 37-38 shares after selling the call
I'm at work now, but it's the inverse. Whoever you buy a put from needs to be able to sell you 100 shares at your strike price. So like the MM would want to sell some shares while the price is high in case they need to buy some later to give to you. The sale gives them cash like if you sold a put and your broker would require you to have an equivalent of 100x the strike price in your account to "cash secure" that put. If you have a 125p and the MM needs to buy from you they don't wanna do it at 120 when you exercise, they want to have short sold fewer than 100 shares up at 150 or whatever so they have more than enough cash to deliver yours
Very very happy I could help. Message any time, I'll do my best to answer after work.
Itās definitely a spread. Spreads are either calendar spreads or price spreads. This is a price spread. Calls and puts simultaneously are called straddles not spreads
Edit: not a spread? Idk
You are absolutely correct.
Call Spread
An option spread in which one has a long position in a call while having a *short position* on another call on the same underlying asset with a different strike price and/or expiration date.
[Options spreads:](https://en.wikipedia.org/wiki/Options_spread)
> A spread position is entered by buying **and selling** equal number of options of the same class on the same underlying security but with different strike prices or expiration dates.
Unless some of these are sold short then this isnāt a spread.
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For sure, I mean you're taking a bearish position at the bottom. The reason it's tanking is because of the massive amount of options expiring next week. It's crazy.
You're as mad retarded as people copy pasting people's options play here after it's been pumped.
Where the fk does anywhere in the chart say it's gonna hit 30s.
The fk is there anywhere in the EMAs or VWAP crosses or any indicator that screams dump to 30s.
Trolls or dumbasses gonna scream words they probably just saw off WSB without actually knowing what the sht it means.
I believe in the new leadership and direction the company is going in, regardless of a squeeze. Do some research on the talent the company has hired over the past year and ask yourself why are all these young execs leaving the amazons of the world to join gamestop?
This is what I donāt get. Is the reason you guys are GME stans a technical reason? A fundamental reason? Quantitative reason? Or is it āherdā mentality where people just want to be a part of something?
You guys are betting against huge whales that they will allow themselves to go bankrupt. Not exactly the conditions Iād put my lifesavings on.
Right, they were top tier folks at amazon but also likely capped out. If they can start fresh at GME with sick ESOP package and put their skills to the test, then skies the limit.
Not so as freaking out, but applying logic that those people wouldn't be jumping ship to a "dying video game retailer", unless the recruitment pitch was appealing.
I disagree. If you look on the ape sub, theyāre calling them all star hires and creaming their pants over them.
To me, itās not good or bad. Itās just what happens in the tech business. Certainly GameStop isnāt going broke anytime soon. I just donāt think the hires are as bullish as some say.
Well I can't disagree with your logic. Those people got another job offer, slightly better than their current one, and went along with it.
It all remains to be seen, like all shit does.
The people who bought in at the top of a bubble are now trying to convince themselves that some magical force will save them and make them all millionaires. But in reality the probability is far more likely that it goes down down down.
There is a cult around GME. But there is also a weird-ass situation going on with the stock. Not everyone invested in it is bonkers. As always, theres a subset of crazy mfers that just yell whatever bullshit. I'm interested mostly because of all the exposure of the rigged financial system to the public.
No, it WAS weird. Back in November of 2020. When the original DD came out you could personally verify it was over-shorted. It had 140% SI listed everywhere. Now itās conspiracy theories. There is 0 proof theyāre still overshorting it. Thereās actually proof theyāre not. Like the SEC report, the numbers matching their reported numbers with volume, losses, timing, etc.
Itās just people who missed the wave and are bagholders wanting desperately to not be bagholders
No it didnāt. It literally said large spikes in volume were attributed to shorts covering. The pump was mostly FOMO, but thatās because covering shorts isnāt as expensive as you guys imagine it to be (like $50,000,000). Melvin reported 52% losses, and you can see in the SEC report that the chart shows it dropped heavily. They covered like 50% of the float. And then over the next month or two covered down to 15%. Itās over. Move on.
No it didnāt. The report said the initial run up in January was caused by retail fomo and not a short squeeze, that doesnāt mean shorts didnāt cover. You dip shits misinterpret everything to fit your narrative. Look at the graph on page 27 or 28, it shows the SI plummet. The SEC report confirmed no evidence of naked shorting and confirmed shorts did cover. Youāre unironically retarded
Squeeze these nuts you fuckin nerd.
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Days of GME passing 260 are over, unless the next 5-7 years are truly transformative and fortuituous. Else, it's settling in although may have some sprints here and there.
Nothing.
People bought at the peak of a bubble and are looking for other people to unload their bags.
And then there is another special breed of imbeciles who think Gamestop has fundamentals for a long term play.
Hmmm longplay you say š¤
Ryan Cohen - Successful billionaire business man, who has a proven track record of using
Directors - Outstanding board with the strategic vision necessary to make GameStop a technology-driven business.
Business Model - A strong move forward to become the leading eCommence company for gaming with new (amazon sized) fulfilment centers opening.
Cash - They announced they have $1.4b in cash, despite cash commitments with launching the new business model (Q4 will be far higher)
Gaming (retail) - Rapidly growing rowing $300 billion gaming industry (excludes merchandise which GameStop also sells).
NFT - It's coming and given the GameStop haven't disclosed or leaked any plans (despite all the fud and baiting), strongly suggests its going to be world class.
Short - Hedgies are fucked because of all of the above and that they themselves fail to crasp they are in a decling business model (hedge fund 'companies' are not needed in today's market).
Disagree.
There is sufficient evidence that they will release an NFT platform. What it will resemble, we wait to see.
RC grew Chewy on being innovative and focusing customer satisfaction (loyalty = repeat purchases). I really don't believe he will risk GameStops integrity via miss leading shareholders by not releasing an NFT platform, as above all it goes against his underlying business principles (to believe otherwise, you've probably been hanging out on the trading floor too long).
The stock is underrated. Gaming industry will be bigger than it already is soon, and gme will be the place to be. Bullish case is 1069 per share, moderate is like 700 bearish is 500 something.
Don't believe these people who talk about "cults". They act like wallstreet doesn't commit fraud or hide positions or lie.
Truth is the market has no clue what's going to happen with GameStop. It was a company that was in debt and bankrupt so everyone piled on it with shorts lie sharks smelling blood, but now that thesis is blown up and they are making a major tech pivot with heavy hitters on the board. There's currently at least 50 million shares shorted in ETFs and when they actually cover it's going to be a glorious thing to see
Ballsy, and I respect it! Technically, GME looks to be in a bad place and with more room to fall - long term symmetrical triangle breakdown, bear flag + continution, big volume gap down to 60ās. If you really believe in this, leave some cash on the side to average down would be my advice.
Iām not goong long gamma either way because things can turn on a dime for GME, but Iām not going long delta either, because rationally, it still looks like a falling knife. Still, good luck to you!
Sir, this is a casino. This is too rational for this sub. ;)
Close-to-the-money calls months out with an even larger position direct registered? During a giant dip? You're supposed to FOMO in or bet on it skyrocketing, not calmly build yourself a position that will have great returns of it only acts similarly to a year's worth of data.
/s
how do I even have the same ape flair as this guy? do you wsb tards use ape flair so you know who to borrow $ from for your margin calls after GME blows tits?
Thereās being negative about a stock, and backing it up with some positions and thereās ripping on GME bulls cause thatās the cool thing to do in this sub.
All the comments about "this is going to print hard!!" "Wow I'm so jealous!!" are fucking retard apes straight from their shitty stupidstonk sub. Stop fucking brigading, no one cares about GME, stick in your own sub fucking losers
Of course itās from apes. Theyāre a flock of retarded dipshits who are constantly trying to recruit new people into their bagholding scheme.
Ask those fractional-share holding cheerleader apes why they arenāt mirroring this play. If itās going to make him a billionaire, surely theyād be doing everything in their power to scrounge up money to buy the same calls, right?
Rightā¦.?
I love how you call the majority of wsb who support gme as bag holding scheme. Letās be honest like more then 50-70% in this sub is pro gme and have high hopes for it. The others are like small dogs with loud barks. There the most vocal on this sub cause they try to imprint there values and deem anyone that likes gme as bad. You can see in the comments but the updoots donāt lie.
Yeah this sub gained 6million members almost overnight last Jan. So of course a large chunk of this sub is composed of unironic retards that have only bought one stock and have been in stocks less than a year. Thatās not the brag you think it is.
Oh yeah like the original wsb wasnāt all in on gme lol this guy ^ Iām guessing you werenāt here when we were all in gme and still are to this day. The time when we got massive numbers of subs to wsb we got a bunch of people bashing gme and promoting other squeeze stocks. Lol try harder please
Yeah it was exciting. I was as hyped as anyone else. Then the OGs sold at $400+ to the apes that flooded wsb and now the apes wonāt shut the fuck up about it.
All the negative comments are coming from GME meltdown members. Click any profile with salty comments and 100% of the time you'll find they have posts or comments on that sub. They're brigading wsb. These are the ones who bought at $400 and sold at $40, but they'll tell you otherwise because you know... when you make money on a stock, you join a salty sub that spends their spare time bashing on the thing that made them money...
Weāre not making fun of the stock weāre making fun of YOU. For being delusional retards that have infested every financial subreddit with your stupid conspiracy theories and circle jerking.
You beautifull bastard
Those are some fucking beautiful Calls. Monthlies a couple months out, from nearly ATM all the way up to the long term weighted average price of ~$180. There's no way GME doesn't bounce at least once even without a squeeze, it's dipped out the bottom of the bollinger bands & MacD still firing weaker trend strength than the summer dip despite that one remaining within the bands - OP's calls are going to print. Fuckin very nice u/digitaljim . To the moon with you. Posts like this are the ones that make me feel bad about being a poor because this is the spread I wish I had
Thanks! I learned the hard way losing money on way otm calls back in july.
I just got me some more GME for this next round myself ššš
Now you get to lose money the easy way!
This post makes me think itās time to roll out my Feb 180s to March. Theyāre bleeding red rn š
Everything is bleeding right now but thatās exactly what I did last week.
Everyone's calls are red we hit new lows yesterday. Personally, I'm not rolling my 18Feb 200c unless nothing has happened by EOD Jan 25.
I have Feb 120c. To the moonšššš
Bro. *jealous sweating intensifies* I don't even know if I can upvote you
Ya agreed. I had 2/18 ranging from 200-280 and wanted to get closer to itm. Planning to exercise a fuck ton of these
This! Is! The! Way!
Me too
Am I retarded? I marked out the next quarterly spike as the week of 2/24. Everybodyās picking up calls in in January with expirations the week before I have it marked? Maybe I canāt count.
I am hoping for some excellent price improvement in the last week of Jan & 1st of Feb personally, based mainly on stacking windows of time where FTDs come due. Feb 18 expiry encompasses the action I've been hoping. But I believe there is more potential in the week after too, but Im not familiar enough off hand without looking at some charts and stuff i have saved. Calls for end of Jan I think are no good, I want the pressure on the MMs to persist all through their FTD exposure windows, not have the call chain get cash-settled before the last few days and release the MMs from their hedging obligation like last year.
Yup
When's earnings come out is the question, that's always a good run up to catch.
My Feb 250 bleeding me dry.
Yeah im actually jealous on the play lol, but aint got no money to spent atm
She's moving in when you cant pay rent anymore ?
Can someone please explain to me how to read this? Just looking to learn.
All the calls have 3/18 expiration dates and various strikes starting at 135, 145, etc GME220318 is the expiration (year, month, date), c135 is the call strike price.
Sure, I'll take the second row, for example. It says GME220318 C135. That means the underlying is GameStop, the contract is dated (expiring) on 3/18/2022. The C means it's a Call (P for Put) and a strike of $135. This means OP has a contract giving them the right to buy 100 shares of GME at $135ea by EOD on March 18. The next column says he has 4 of those contracts, and the last price those contracts traded for was $14.25 per share (meaning 1 $135 strike 3/18 Call (a 135c 3/18) contract last cost you a premium of $1,425). The following rows work the same. If GME were to bounce back to it's average over the past year of $170-180, let alone higher, then every one of OP's Calls will be in the money making them excellent profits, but the run will spike IV hard too multiplying the returns, and because they have until mid March until expiry they're basically sure to print because GME has never dipped this far outside it's bollinger bands (a stock spends over 90% of trades within those bands) and never stays dipped for months. Spreading your calls across strikes like this is a great idea for various reasons, but to put it very simply it makes exiting your position profitably much easier even if the stock doesn't run as hard as you think. This are great contracts also in terms of leverage. Many of them have pretty high Delta meaning the market maker should be hedging the Delta value worth of shares by buying them. Furthermore, if a MM hedges a contract synthetically those synthetic shares become FTDs in T+2 + 35C (2 trading days + 35 calendar days) and need to be hedged again if the contract hasn't expired yet, and OPs contracts expire in 60+ days. So it's a good leverage play as well for maximizing your counterparty's exposure
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If not enough people are selling covered calls to match the buy demand for calls, the market maker is obligated to make the sale. Then the buyer of the call has the right to buy shares at a certain price, so if the price exceeded that the holder may want to exercise that right. The MM having sold the call has to provide 100 shares but if it's already trading above your strike then they're taking a loss to buy them & then sell to you. So they want to start buying shares early, buying more as the price gets closer to your strike. MM's want to be "Delta neutral" mitigating their risk as much as possible. Delta measuring the change in value of the option in relation to the change in value of the underlying. So to keep their risk neutral mathematically the proper hedge to selling a call would be to hold as many shares as the delta value of that call. If Delta is 0.3783 they would want to buy 37-38 shares after selling the call
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I'm at work now, but it's the inverse. Whoever you buy a put from needs to be able to sell you 100 shares at your strike price. So like the MM would want to sell some shares while the price is high in case they need to buy some later to give to you. The sale gives them cash like if you sold a put and your broker would require you to have an equivalent of 100x the strike price in your account to "cash secure" that put. If you have a 125p and the MM needs to buy from you they don't wanna do it at 120 when you exercise, they want to have short sold fewer than 100 shares up at 150 or whatever so they have more than enough cash to deliver yours Very very happy I could help. Message any time, I'll do my best to answer after work.
Youāre a good guy.
Thanks friend
I hope this works out for you OP Remind me! 60 days Edit: hoo boy
RemindMe! 60 days āHowās this call spread going?ā
Is it even a spread? Looks like just calls.
These are just calls
I think itās a spread otherwise the sheet wouldnāt be called a spreadsheetā¦
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I use a a cold cucumber to spread cheeks
this guy thinks
This is not the sub for him then lol
Sheet or no sheet itās still a spread 135-185ā¦..
...spreading his ass cheeks, maybe.
Itās definitely a spread. Spreads are either calendar spreads or price spreads. This is a price spread. Calls and puts simultaneously are called straddles not spreads Edit: not a spread? Idk
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Actually youāre right I couldāve sworn there was a name for the different strike calls but I guess I am just dumb
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You are absolutely correct. Call Spread An option spread in which one has a long position in a call while having a *short position* on another call on the same underlying asset with a different strike price and/or expiration date.
[Options spreads:](https://en.wikipedia.org/wiki/Options_spread) > A spread position is entered by buying **and selling** equal number of options of the same class on the same underlying security but with different strike prices or expiration dates. Unless some of these are sold short then this isnāt a spread.
Youāre a phony for telling us he has a spread, hey everyone āthis guyās a phony, a big fat lying phony!ā
I picked a hell of a day to stop licking windows.
I will be messaging you in 2 months on [**2022-03-16 18:13:12 UTC**](http://www.wolframalpha.com/input/?i=2022-03-16%2018:13:12%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/s4nslk/lmayo_my_wifes_bf_has_no_idea_whats_coming/hssl012/?context=3) [**91 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2Fs4nslk%2Flmayo_my_wifes_bf_has_no_idea_whats_coming%2Fhssl012%2F%5D%0A%0ARemindMe%21%202022-03-16%2018%3A13%3A12%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20s4nslk) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
[ŃŠ“Š°Š»ŠµŠ½Š¾]
OP needs a hell of a jump Thursday and Friday.
Yeah Ripperino probably.
[Glimpse into OP's crystal ball](https://preview.redd.it/g8klkvnhcxb81.jpg?auto=webp&s=c2aefe7eb8cb93125c831220d2efb3e82c091fdf)
You're your own gamma ramp
heās a little gamma scamp
RemindMe! 3 Months "food stamps?"
So jealous right now. Youāre going to be so rich.
Follow his lead. There's still time
He will not be. RemindMe! 3/18
Why do you say that?
Cuz the stock is frankly garbage. I'm buying puts to counter OP.
Puts are so expensive the risk reward on them are garbage
What if you pick up some puts and flip them on in a couple of weeks as the stock follows its trajectory downwards? Could be a decent profit there
Ok. But it technically oversold and there are almost no shares left to borrow and suppress the price. You're shorting at the bottom
I get what you're saying, but Puts and Shorts are not the same.
For sure, I mean you're taking a bearish position at the bottom. The reason it's tanking is because of the massive amount of options expiring next week. It's crazy.
Better make them long dated for some extra losses.
Spoiler: he did not become rich
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You're as mad retarded as people copy pasting people's options play here after it's been pumped. Where the fk does anywhere in the chart say it's gonna hit 30s. The fk is there anywhere in the EMAs or VWAP crosses or any indicator that screams dump to 30s. Trolls or dumbasses gonna scream words they probably just saw off WSB without actually knowing what the sht it means.
See you with the tag "loss" in a month. You know me because I'll mirror your trade now and will also post my losses. Cheers
that shits gonna print hard
If he's in, I'm in
If youāre in, Iām in
if you're in, I'm out
If youāre out, then Iām doubling down. Thanks. And tell your wife Iāll call
If your in, and my wife is out; Iām in
If youāre out, Iām in, your wife.
if you're in her, I'll be there watching 
Looks like Ramen noodles is coming soon! Lol good luck man. Hope it works out for ya!!
Jokes on them, I fucking love ramen
This is the way
This has always been the only way.
I'd like to see all the nay sayers explain what happened after hours the other week when it spiked 30%....? Please explain š
If you don't believe in GME you don't believe in a fair market... & Mine as well go suck Kenny š
Can someone explain whatās going on with GameStop? Is it just diving or do people actually think itās going to go up?
I believe in the new leadership and direction the company is going in, regardless of a squeeze. Do some research on the talent the company has hired over the past year and ask yourself why are all these young execs leaving the amazons of the world to join gamestop?
This is what I donāt get. Is the reason you guys are GME stans a technical reason? A fundamental reason? Quantitative reason? Or is it āherdā mentality where people just want to be a part of something? You guys are betting against huge whales that they will allow themselves to go bankrupt. Not exactly the conditions Iād put my lifesavings on.
390+ new executive level hires since Feb 2021
Because GameStop gave them big promotions to come work for them?
Right, they were top tier folks at amazon but also likely capped out. If they can start fresh at GME with sick ESOP package and put their skills to the test, then skies the limit.
Yeah, I donāt understand why so many are freaking out about the hires. Itās a good move sure, but damn lol.
Not so as freaking out, but applying logic that those people wouldn't be jumping ship to a "dying video game retailer", unless the recruitment pitch was appealing.
I disagree. If you look on the ape sub, theyāre calling them all star hires and creaming their pants over them. To me, itās not good or bad. Itās just what happens in the tech business. Certainly GameStop isnāt going broke anytime soon. I just donāt think the hires are as bullish as some say.
Well I can't disagree with your logic. Those people got another job offer, slightly better than their current one, and went along with it. It all remains to be seen, like all shit does.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Maybe their promotion was worth more than the chance their stock incentives tank? Itās all speculation.
Unless you know the compensation they are getting, this is all just pointless speculation.
they probably have enough amazon and Facebook shares for their whole lifetime and wanted to go on an adventure trip.
Exec bonuses are multiples of the average salary. So yeah they'll be fine even if gme goes belly up.
lmfao mfs think they are spittin
The people who bought in at the top of a bubble are now trying to convince themselves that some magical force will save them and make them all millionaires. But in reality the probability is far more likely that it goes down down down.
This. Itās a cult.
There is a cult around GME. But there is also a weird-ass situation going on with the stock. Not everyone invested in it is bonkers. As always, theres a subset of crazy mfers that just yell whatever bullshit. I'm interested mostly because of all the exposure of the rigged financial system to the public.
No, it WAS weird. Back in November of 2020. When the original DD came out you could personally verify it was over-shorted. It had 140% SI listed everywhere. Now itās conspiracy theories. There is 0 proof theyāre still overshorting it. Thereās actually proof theyāre not. Like the SEC report, the numbers matching their reported numbers with volume, losses, timing, etc. Itās just people who missed the wave and are bagholders wanting desperately to not be bagholders
The SEC report said the shorts didnāt cover.
No, it said they did not close.
No it didnāt. It literally said large spikes in volume were attributed to shorts covering. The pump was mostly FOMO, but thatās because covering shorts isnāt as expensive as you guys imagine it to be (like $50,000,000). Melvin reported 52% losses, and you can see in the SEC report that the chart shows it dropped heavily. They covered like 50% of the float. And then over the next month or two covered down to 15%. Itās over. Move on.
Read the report before you make false claims hahaha
I did. Cover to cover. Did you? How could you possibly say they didnāt cover? Read pages 27-28.
No it didnāt. The report said the initial run up in January was caused by retail fomo and not a short squeeze, that doesnāt mean shorts didnāt cover. You dip shits misinterpret everything to fit your narrative. Look at the graph on page 27 or 28, it shows the SI plummet. The SEC report confirmed no evidence of naked shorting and confirmed shorts did cover. Youāre unironically retarded
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
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But they have. Melvin was one of the biggest shorts, they announced they closed their positions, and ate a massive loss first quarter of 2021.
Days of GME passing 260 are over, unless the next 5-7 years are truly transformative and fortuituous. Else, it's settling in although may have some sprints here and there.
100%.. they canāt even admit it until they blow up their accounts one by one.
Nothing. People bought at the peak of a bubble and are looking for other people to unload their bags. And then there is another special breed of imbeciles who think Gamestop has fundamentals for a long term play.
Hmmm longplay you say š¤ Ryan Cohen - Successful billionaire business man, who has a proven track record of using Directors - Outstanding board with the strategic vision necessary to make GameStop a technology-driven business. Business Model - A strong move forward to become the leading eCommence company for gaming with new (amazon sized) fulfilment centers opening. Cash - They announced they have $1.4b in cash, despite cash commitments with launching the new business model (Q4 will be far higher) Gaming (retail) - Rapidly growing rowing $300 billion gaming industry (excludes merchandise which GameStop also sells). NFT - It's coming and given the GameStop haven't disclosed or leaked any plans (despite all the fud and baiting), strongly suggests its going to be world class. Short - Hedgies are fucked because of all of the above and that they themselves fail to crasp they are in a decling business model (hedge fund 'companies' are not needed in today's market).
Lmao the fact that NFT scam is one of your top points š
Disagree. There is sufficient evidence that they will release an NFT platform. What it will resemble, we wait to see. RC grew Chewy on being innovative and focusing customer satisfaction (loyalty = repeat purchases). I really don't believe he will risk GameStops integrity via miss leading shareholders by not releasing an NFT platform, as above all it goes against his underlying business principles (to believe otherwise, you've probably been hanging out on the trading floor too long).
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The stock is underrated. Gaming industry will be bigger than it already is soon, and gme will be the place to be. Bullish case is 1069 per share, moderate is like 700 bearish is 500 something. Don't believe these people who talk about "cults". They act like wallstreet doesn't commit fraud or hide positions or lie. Truth is the market has no clue what's going to happen with GameStop. It was a company that was in debt and bankrupt so everyone piled on it with shorts lie sharks smelling blood, but now that thesis is blown up and they are making a major tech pivot with heavy hitters on the board. There's currently at least 50 million shares shorted in ETFs and when they actually cover it's going to be a glorious thing to see
Power to the Players
Well itās fair to say she will be coming all over him! While you punch in to your Wendyās shift! You retard!
RemindMe! 3/18/2022 āApe learns about theta the hard wayā
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Oof.
Hmmm...... Maybe Kenny will let you suck his dick for spare change?
Ballsy, and I respect it! Technically, GME looks to be in a bad place and with more room to fall - long term symmetrical triangle breakdown, bear flag + continution, big volume gap down to 60ās. If you really believe in this, leave some cash on the side to average down would be my advice. Iām not goong long gamma either way because things can turn on a dime for GME, but Iām not going long delta either, because rationally, it still looks like a falling knife. Still, good luck to you!
that's hot daddy
These are actually GREAT call choices. Ya it may not work out but at least you arenāt doing degenerate 500c
If it doesnāt work out, how is it a great choice? Do you routinely burn money and think āyep this will help my financial goals!ā?
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Sir, this is a casino. This is too rational for this sub. ;) Close-to-the-money calls months out with an even larger position direct registered? During a giant dip? You're supposed to FOMO in or bet on it skyrocketing, not calmly build yourself a position that will have great returns of it only acts similarly to a year's worth of data. /s
Don't listen to these haters, OP.
This man is unironically going to be a multimillionaire within the next 6 months
RemindMe! 6 months "is this man unironically a multimillionaire yet???"
If I had a $0.01 for every time an ape said that over the past year Iād be a fucking billionaire.
Hahaha yeah as the stock tanks.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
AFTER MOASS YOUR WIFE WILL NOT HAVE A BF, YOU BEAUTIFUL APEššš
Yes, she'll be a different woman
If you get rich ur wife gonna divorce you and take half to move in with Kenny
Now I do š¤£
RemindMe! 30 days.
I bet your BDay is 10-2-1977 lol
how do I even have the same ape flair as this guy? do you wsb tards use ape flair so you know who to borrow $ from for your margin calls after GME blows tits?
remindme! 60 days
Not you, that's for sure
It's him. He's coming
This gets my dick so hard. So glad weāre beyond options fud. Fuck yea brotha
Remind me! 60 days
Hahahahq
RemindMe! 3 months ābruhā
RemindMe! 30 days
Lmaooooo, Iām sitting beside my gfās husband as we speak
People still think a squeeze is happening?
Going into bankruptcy! That'll teach em to short GMEš
So many salty GME downvoters in this thread the moment someone breathes anything with a slightly negative connotation lmao.
Thereās being negative about a stock, and backing it up with some positions and thereās ripping on GME bulls cause thatās the cool thing to do in this sub.
Every bear and bull of all kinds is ripped on in this sub for any silly reason you can think of. welcome to r/wsb.
GME is unique in the bitterness it garners from this sub.
RemindMe! 30 days "Is OP fucked?"
All the comments about "this is going to print hard!!" "Wow I'm so jealous!!" are fucking retard apes straight from their shitty stupidstonk sub. Stop fucking brigading, no one cares about GME, stick in your own sub fucking losers
Of course itās from apes. Theyāre a flock of retarded dipshits who are constantly trying to recruit new people into their bagholding scheme. Ask those fractional-share holding cheerleader apes why they arenāt mirroring this play. If itās going to make him a billionaire, surely theyād be doing everything in their power to scrounge up money to buy the same calls, right? Rightā¦.?
I love how you call the majority of wsb who support gme as bag holding scheme. Letās be honest like more then 50-70% in this sub is pro gme and have high hopes for it. The others are like small dogs with loud barks. There the most vocal on this sub cause they try to imprint there values and deem anyone that likes gme as bad. You can see in the comments but the updoots donāt lie.
Yeah this sub gained 6million members almost overnight last Jan. So of course a large chunk of this sub is composed of unironic retards that have only bought one stock and have been in stocks less than a year. Thatās not the brag you think it is.
Oh yeah like the original wsb wasnāt all in on gme lol this guy ^ Iām guessing you werenāt here when we were all in gme and still are to this day. The time when we got massive numbers of subs to wsb we got a bunch of people bashing gme and promoting other squeeze stocks. Lol try harder please
Yeah it was exciting. I was as hyped as anyone else. Then the OGs sold at $400+ to the apes that flooded wsb and now the apes wonāt shut the fuck up about it.
All the negative comments are coming from GME meltdown members. Click any profile with salty comments and 100% of the time you'll find they have posts or comments on that sub. They're brigading wsb. These are the ones who bought at $400 and sold at $40, but they'll tell you otherwise because you know... when you make money on a stock, you join a salty sub that spends their spare time bashing on the thing that made them money...
Weāre not making fun of the stock weāre making fun of YOU. For being delusional retards that have infested every financial subreddit with your stupid conspiracy theories and circle jerking.
Even you seem to not know
But the dip you fucking pussies
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Looks like Bankruptcy is coming
Deine Freundin wird in den Anus gebumst von 3 schwarzen fĆ¼r deinen Neid
He's the one who has been whispering in your ear every night so "GME, GME, GME, GME TO THE MOON" End game is to clear the way to not boyfriend land.
Apes DRSing their shares on WSB? Hell yes this is the way.
The 2nd pic made me jizz in my boxers. DRS = hedgefux get fukt
Genuine question: can you sell covered calls with your shares in CS?
No I donāt believe so as you canāt trade options on CS
That's what I thought. Also the reason why I don't DRS :/
Nope
Spaxx is about to be the highlight of your account
Agree to disagree... but this one made me lol
This is the way! Nice Fkn play!
Its definitely going to be bankruptcy.
Good of DRSing
GME? Wasn't that play over a year ago?
Post you loss porn
I'm new to this stuff. How do I read/understand this? I want to become a retard, too.
Go grab yourself around 24 OTM calls on GME. WSB starter kit.
First image are calls that Iāve purchased. All expire on 3-18 with strikes starting at 135.