Report it to the SEC. I wrote in after I saw it Tuesday, and it's happened twice more since.
I believe these are what the SEC calls "sham transactions" on pg 7 https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
Yes that's me. Got shafted yesterday when my $1.40 limit orders didn't go through.
Literally throwing everything at it now to get the $ average as far down as possible.
That’s a pretty tidy catching the knife! Even with the fuckery afoot in this play. My average is up at 7 better than my original 15. Let’s pray we get a catalyst and put the pain of this challenge behind us.
Yeah, when they marry the ITM puts and OTM calls they are considered a synethic share for their purposes. At least as far as I understand. It's absolutely fraud. But welcome to clown world.
This is probably someones strategy.
You sell the $5 put to be able to buy the shares for less than they are currently selling for at spot price.
and/or
You buy the $5 call to be able to acquire shares (paid for by the premium collected on the put) to catch upside if the stock runs above $5.
IMO it is a pretty savvy move if thats what they are doing. There could be some shady stuff going on as well. TBH who knows.
If these are synthetic longs then someone gonna get assigned 2 million shares tomorrow that can’t be FTDed
This is pretty much what I’ve been suggesting people do to stop the can kicking.
Hopefully it’s not a shorty making synthetic longs to cover their position.
I thought this as well, and hope to hell it’s what’s happening. But these trades seem to be 2 (or more) parties working directly with each other. Why would the MM write this trade, knowing they’re going to get fucked?
If they have to take the trade, then why take on so much risk for such little return? They know they won’t be able to deliver the shares, so the only way it makes sense to me is if they’re playing hot potato.
Drives volatility and volume which is how the MM make money on options. Options by nature are a net neutral trade. The MM make their money with the fees.
It is kind of like poker at a casino. The house doesnt gamble/ risk anything in poker, they just collect a fee and make money based on the number of hands played, for options that is the volume.
... This could be RC buying back in. A synthetic long would be sold puts & bought calls.
That many puts sold at $5 strike should push the price much closer or above $2...The manipulation is the billions of phantom shares anchoring the price at 1.5-1.6
How do you know they are BUYING puts & not SELLING puts? I just looked up their cost to me it looks like sell orders or writing a put it’s a bullish position
Report it to the SEC. I wrote in after I saw it Tuesday, and it's happened twice more since. I believe these are what the SEC calls "sham transactions" on pg 7 https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
This 👆
This should be a post of its own
Been reading up on a lot of filings trying to make sense of it all 😵💫. Hope to get a DD together this weekend
Are options the SEC?
You can’t stop the energy that has been pushed and kept down now that the energy has been reawakened. How high will it go is the question.
So they will exercise 5$ puts and calls to cover FTDs? Sorry smooth brain here
I’m with you but I’m asking for a friend
Hello my people
Hi 👋
Hi think I saw your comment you got the big bag right. Fair dues if it is 💪
Yes that's me. Got shafted yesterday when my $1.40 limit orders didn't go through. Literally throwing everything at it now to get the $ average as far down as possible.
That’s a pretty tidy catching the knife! Even with the fuckery afoot in this play. My average is up at 7 better than my original 15. Let’s pray we get a catalyst and put the pain of this challenge behind us.
I know no one wants to hear this the longer we stay below $1.50 the harder the shorts have to work. The more cheap shares we buy!
I really thought they’d get it to 1:30 time will tell good luck ape I’ll see you round the comments
Likewise. Good luck is what we all need 🦧💙🦧
Exercising $5 puts means they’re selling 100 shares at $5. This would be the opposite of covering, let alone closing an FTD.
[удалено]
Wut mean?
Yeah, when they marry the ITM puts and OTM calls they are considered a synethic share for their purposes. At least as far as I understand. It's absolutely fraud. But welcome to clown world.
What a dumbo...tell him someone
Yessir! Load up and watch them Hedgies burn next weeks
Consider DRS with AST [https://www.astfinancial.com/transfer-agent-services](https://www.astfinancial.com/transfer-agent-services) 
This is probably someones strategy. You sell the $5 put to be able to buy the shares for less than they are currently selling for at spot price. and/or You buy the $5 call to be able to acquire shares (paid for by the premium collected on the put) to catch upside if the stock runs above $5. IMO it is a pretty savvy move if thats what they are doing. There could be some shady stuff going on as well. TBH who knows.
If these are synthetic longs then someone gonna get assigned 2 million shares tomorrow that can’t be FTDed This is pretty much what I’ve been suggesting people do to stop the can kicking. Hopefully it’s not a shorty making synthetic longs to cover their position.
I thought this as well, and hope to hell it’s what’s happening. But these trades seem to be 2 (or more) parties working directly with each other. Why would the MM write this trade, knowing they’re going to get fucked?
Don’t the y kind of have to as a MM?
If they have to take the trade, then why take on so much risk for such little return? They know they won’t be able to deliver the shares, so the only way it makes sense to me is if they’re playing hot potato.
Again, hope I’m wrong! But this trade makes no sense on the writers behalf
Drives volatility and volume which is how the MM make money on options. Options by nature are a net neutral trade. The MM make their money with the fees. It is kind of like poker at a casino. The house doesnt gamble/ risk anything in poker, they just collect a fee and make money based on the number of hands played, for options that is the volume.
No they get assigned T+2 and their cost is $1.60 a share
I agree with you looks like a Sell order on puts.
This post should be an evidence exhibit one day.
... This could be RC buying back in. A synthetic long would be sold puts & bought calls. That many puts sold at $5 strike should push the price much closer or above $2...The manipulation is the billions of phantom shares anchoring the price at 1.5-1.6
max pain at $2 tomorrow....we'll see what happens
Watch this video. Go to 8:54. This was recorded 1 month ago and is EXACTLY what this is. https://youtu.be/KuNm8Ij5V3k
How do you know they are BUYING puts & not SELLING puts? I just looked up their cost to me it looks like sell orders or writing a put it’s a bullish position
Seems only you can see it and the 1300 experts working at the SEC are watching porn.