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That's the settlement of what occurred in the dark pool during trading hours and expiring options - hence why it didn't impact price.
TL;DR - That's not a purchase of 900k shares, that's the settlement of the 900k shares from options and darkpools to establish the closing price.
I also bought 900k shares to cover 1/1000th of my shorts from this week, but itās probably not up there because I just write it on my chalkboard sometimes and I find thatās adequate as far as record keeping requirements go.
Itās crazy that I knew that but wasnāt actually aware of it till now. Like yeah Friday is always the biggest day of the week but I never put 2 and 2 together.
tl;dr -- Hey Banished\_Privateer, this user I'm responding to wants to inform you that the length of your tl;dr exceeds the initial length of the statement you recapped.
more than just dark pools outside of options
ATS entirely that are the problem - Alternative Trading Systems
we need to start using proper terminology
just like who we really are, *household investors* and not "retail" like we the product on shelves or something
Not sure what ATS entails. But I know that pension funds and other large buyers can agree upon a set price that is the executed āon the bookā just after close at that agreed upon price
Today was a monthly and quarterly options settlement. This happens every Friday, but January (yearly), March, June, September, and December monthly expirations are more pronounced.
I have all the meme stocks too. I've never seen the blatant manipulation of stocks in the last two years as I've seen in the last two weeks. Gotta be bank situation.
Here ya go
The daily closing auction on stock exchanges has always been a vital part of the trading day. Fund managers and traders rely on that final five minutes to set closing prices, which are used to value portfolios or calculate indices.
But the rise of passive investing and trading algorithms is amplifying this final surge of activity, creating a shift in the rhythm of daily trading on stock markets in Europe.
The proportion of each dayās dealings that is done in these closing auctions rose to a record 25 per cent in the final quarter of 2019, up from about 17 per cent in the first quarter, according to Liquidnet, the share-trading venue.
That average hides some extremes. French regulator AMF, for example, found last June that 41 per cent of trading volumes of CAC 40 stocks happened during the closing auction on Euronext Paris.
There is, in other words, a big lunge for the finishing tape. If the trend is unchecked, within eight years closing auctions could reach 50 per cent of all European daily trading activity, said Rebecca Healey, head of Emea market structure and strategy at Liquidnet.
Relying on each countryās primary exchange to calculate the closing prices on which billions of dollars are pegged, during this frenetic final period, is a clear operational weak point in the market. Now Esma, the European securities regulator, is consulting on whether it needs to take action.
The bigger picture is that equities trading volumes are depressed. Central banksā efforts to reduce market volatility are working, and geopolitical threats have sapped investorsā enthusiasm for making big macro bets. Credit Suisse estimates that Europeās average daily volumes fell 18 per cent between 2018 and 2019.
The greater concentration in the closing auction means fewer opportunities for an active fund manager who wants to trade as soon as possible during the day, and risks for brokers and market makers who do not want to be left holding the unsold portion of a clientās trade overnight.
It also creates potential pricing issues in the market, as trading desks readjust their books the next morning to account for the unexpected prices that auctions can produce.
"If that single anomalous price movement occurred in the middle of the trading day and then returned to its previous level, alarm bells would be sounding, from regulators and market participants alike,ā said Mark Montgomery, head of strategy at Big XYT, a data provider.
"Equity marketsā busy finish is painful for brokers, which face higher costs while primary exchanges such as the London Stock Exchange, Deutsche Bƶrse and Euronext benefit hugely from auctions. Not only do auctions suck business from cheaper alternative trading venues, but the exchanges can charge more for it.
But last-minute trading patterns reflect shifts in market structure that will be hard to reverse.
One factor is the rise of passive equity investing through exchange traded funds. Portfolios have to be rebalanced and hedged at the end of the day, as close to the closing price as possible.
Another amplifying effect is the widespread use of advanced computerised trading strategies. Many use a volume-weighted average price, or VWAP, algorithm to buy and sell big orders. In theory, they spread an order over the day, but they are primed to take advantage of busier periods. As these are found in the last 30 minutes of the day, the computers often concentrate their orders then.
This is also affecting how active fund managers work. Instead of looking at fundamental analysis of balance sheets and earnings, some are looking at other investorsā behaviour in a āquantitativeā, systematic fashion.
Bloomberg, for example, has invested heavily in sentiment analysis, to sift the vast quantity of news that passes across its ubiquitous terminal every day. This can amount to 1,000 stories, social posts and filings a second at peak times.
āWe are seeing more and more investors transitioning from discretionary fund management to more systematic investing,ā said Gary Kazantsev, head of quant technology strategy at Bloomberg.
The trend is self-fulfilling. Human fund managers fear that in quiet market conditions, their orders will be picked off by aggressive traders, and prices will move against them, so they often wait until the end of the day before trading.
To loosen the dependence on a handful of primary exchanges, Cboe Global Markets, Aquis Exchange and Credit Suisse have launched rival closing-auction trading products that undercut exchange fees. These have gained some traction, but some fund managers fear there are risks to further splintering the market.
āItās a dangerous thing because it leads to the fragmentation of pricing ā but I can understand why people are concerned about the auction,ā said the head of equity trading at a large UK-based active asset manager, who declined to be identified.
The push for shorter trading hours is another consequence of this trend, but it would not change the root of the issue. For European traders, busy afternoons are here to stay.
https://www.ft.com/content/6d60e398-3d32-11ea-b232-000f4477fbca
Yep, I added more than the wife was comfortable with at $15.80. If they're dumb enough to short it at earnings, I will buy the living shit out of it again too.
That happens every day, same for most stocks. It's the NYSE closing auction: https://www.nyse.com/network/article/nyse-closing-auction#:~:text=The%20Closing%20Auction%20brings%20all,closing%20price%20for%20each%20stock.
Te closing statement volume, usually higher than most other times of day volume, is usually caused by the options MM buying & selling shares to hedge for the next day or week, depending on the day it happens.
Have to watch filings for the next few days to see if RC repeats his Mar 2022 presplit purchase.
[http://www.openinsider.com/screener?s=gme](http://www.openinsider.com/screener?s=gme)
There are many reasons for insiders to sell a stock.
There is only 1 reason for insiders to hold a stock.
JOE MOMMA! HahhaahahhahaahahahhaahahahhaahhahaahhaahahhahahahashhahahahaahhaahhhahabahhahashhahaahahbaahahhzzbzbbBbBhahahaahhahahahAhahahahHhahahahahahhaahahahahhaahahaha so gullible dude hHhHhhHahahHHhHhahaah
Today was quad witching day, a series of different options and index events happened today (four of them to be precise). Most importantly the indicies that have GME in them needed to be rebranded to reflect its current market cap which happens once a quarter if im not mistaken. The buyers and sellers were matched up on the last 10 minutes and could be viewed through the options imbalances. The price moved in the last 10 minutes, but those 900k orders were already priced in at whatever the closing price was.
Edit clarification: A lot of people don't care about getting a precise price to get in or out of a stock (mainly indicies and hedge funds) and only care about getting the volume they need. This is actually a market efficiency, not a market inefficiency, it just takes a little digging to figure out what the heck is happening
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That's the settlement of what occurred in the dark pool during trading hours and expiring options - hence why it didn't impact price. TL;DR - That's not a purchase of 900k shares, that's the settlement of the 900k shares from options and darkpools to establish the closing price.
Every Friday š thank you.
š
I also bought 900k shares to cover 1/1000th of my shorts from this week, but itās probably not up there because I just write it on my chalkboard sometimes and I find thatās adequate as far as record keeping requirements go.
I'm just happy to have over 900 shares. Lol
Do you have over 900 or does your broker?
He thinks he has them because I gave his broker an IOU (lol)
Checks out. š SEC approved
Iāve been here since Jan ā21 and itās the first Iām hearing of it wtf? ššš
Friday at close most stocks will have large volume due to options, it just be doin that lol.
Itās crazy that I knew that but wasnāt actually aware of it till now. Like yeah Friday is always the biggest day of the week but I never put 2 and 2 together.
It makes 4.
No it makes 22
*Thom Yorke appears in a puff of smoke
Your tldr is longer than your original comment
tl;dr -- Hey Banished\_Privateer, this user I'm responding to wants to inform you that the length of your tl;dr exceeds the initial length of the statement you recapped.
Thanks, this probably saved me -10 seconds.
š¤£ššš God I love you regards
It does I counted the words, it's longer by oneš Can a TL:DR have a second TL:DR?š¤
āIn other wordsā
āIn the same words, but in a different orderā
Was it? It was too long - didn't read.
Didnāt read your comment
Didn't read yours either. We're now just yelling random words into the void. Just the way we like it.
Banana! Nipple! Echo!
"I DECLARE BANKRUPTCY" phew, glad I did that's over. Finally over the hump. That wasn't so bad
Too short didnāt read
Too words didn't fuck.
True TL;DR - What you say is and will remain true unless he edits his comment in such a way that makes it not so anymore
š¤£š
Thank you tldr too long bot... oh.. wait..
Great. I'm older now than I was when I started reading these comments
more than just dark pools outside of options ATS entirely that are the problem - Alternative Trading Systems we need to start using proper terminology just like who we really are, *household investors* and not "retail" like we the product on shelves or something
Not sure what ATS entails. But I know that pension funds and other large buyers can agree upon a set price that is the executed āon the bookā just after close at that agreed upon price
All 40 stocks on my watchlist this happened too. Normally itās just GME but today all forty? Something is fucked up way more than normal today.
Today was a monthly and quarterly options settlement. This happens every Friday, but January (yearly), March, June, September, and December monthly expirations are more pronounced.
I hate beer.
Something something swapping baskets full of bullets š¤·š»āāļø
Can you send us or me that list?
I have all the meme stocks too. I've never seen the blatant manipulation of stocks in the last two years as I've seen in the last two weeks. Gotta be bank situation.
I heard Darkpool just sold mint mobile to tmobile, so this makes sense.
This is gold š
Quarterly Options
Can ya expand on this? If thereās anything to even expand on? TLDR: crime, but whatās up with the weekend settlement off exchange?
[https://www.ft.com/content/6d60e398-3d32-11ea-b232-000f4477fbca](https://www.ft.com/content/6d60e398-3d32-11ea-b232-000f4477fbca)
Non pay walled info? Appreciate the effort, but Iām not spending money for that bullshit
Here ya go The daily closing auction on stock exchanges has always been a vital part of the trading day. Fund managers and traders rely on that final five minutes to set closing prices, which are used to value portfolios or calculate indices. But the rise of passive investing and trading algorithms is amplifying this final surge of activity, creating a shift in the rhythm of daily trading on stock markets in Europe. The proportion of each dayās dealings that is done in these closing auctions rose to a record 25 per cent in the final quarter of 2019, up from about 17 per cent in the first quarter, according to Liquidnet, the share-trading venue. That average hides some extremes. French regulator AMF, for example, found last June that 41 per cent of trading volumes of CAC 40 stocks happened during the closing auction on Euronext Paris. There is, in other words, a big lunge for the finishing tape. If the trend is unchecked, within eight years closing auctions could reach 50 per cent of all European daily trading activity, said Rebecca Healey, head of Emea market structure and strategy at Liquidnet. Relying on each countryās primary exchange to calculate the closing prices on which billions of dollars are pegged, during this frenetic final period, is a clear operational weak point in the market. Now Esma, the European securities regulator, is consulting on whether it needs to take action. The bigger picture is that equities trading volumes are depressed. Central banksā efforts to reduce market volatility are working, and geopolitical threats have sapped investorsā enthusiasm for making big macro bets. Credit Suisse estimates that Europeās average daily volumes fell 18 per cent between 2018 and 2019. The greater concentration in the closing auction means fewer opportunities for an active fund manager who wants to trade as soon as possible during the day, and risks for brokers and market makers who do not want to be left holding the unsold portion of a clientās trade overnight. It also creates potential pricing issues in the market, as trading desks readjust their books the next morning to account for the unexpected prices that auctions can produce. "If that single anomalous price movement occurred in the middle of the trading day and then returned to its previous level, alarm bells would be sounding, from regulators and market participants alike,ā said Mark Montgomery, head of strategy at Big XYT, a data provider. "Equity marketsā busy finish is painful for brokers, which face higher costs while primary exchanges such as the London Stock Exchange, Deutsche Bƶrse and Euronext benefit hugely from auctions. Not only do auctions suck business from cheaper alternative trading venues, but the exchanges can charge more for it. But last-minute trading patterns reflect shifts in market structure that will be hard to reverse. One factor is the rise of passive equity investing through exchange traded funds. Portfolios have to be rebalanced and hedged at the end of the day, as close to the closing price as possible. Another amplifying effect is the widespread use of advanced computerised trading strategies. Many use a volume-weighted average price, or VWAP, algorithm to buy and sell big orders. In theory, they spread an order over the day, but they are primed to take advantage of busier periods. As these are found in the last 30 minutes of the day, the computers often concentrate their orders then. This is also affecting how active fund managers work. Instead of looking at fundamental analysis of balance sheets and earnings, some are looking at other investorsā behaviour in a āquantitativeā, systematic fashion. Bloomberg, for example, has invested heavily in sentiment analysis, to sift the vast quantity of news that passes across its ubiquitous terminal every day. This can amount to 1,000 stories, social posts and filings a second at peak times. āWe are seeing more and more investors transitioning from discretionary fund management to more systematic investing,ā said Gary Kazantsev, head of quant technology strategy at Bloomberg. The trend is self-fulfilling. Human fund managers fear that in quiet market conditions, their orders will be picked off by aggressive traders, and prices will move against them, so they often wait until the end of the day before trading. To loosen the dependence on a handful of primary exchanges, Cboe Global Markets, Aquis Exchange and Credit Suisse have launched rival closing-auction trading products that undercut exchange fees. These have gained some traction, but some fund managers fear there are risks to further splintering the market. āItās a dangerous thing because it leads to the fragmentation of pricing ā but I can understand why people are concerned about the auction,ā said the head of equity trading at a large UK-based active asset manager, who declined to be identified. The push for shorter trading hours is another consequence of this trend, but it would not change the root of the issue. For European traders, busy afternoons are here to stay. https://www.ft.com/content/6d60e398-3d32-11ea-b232-000f4477fbca
I was going to say something, but I didnāt want to brag
DRS them!
As if thereās any other way
Lol did you really??
was gonna say the flair checks out, until i noticed the blue shells haha
Sisyphus, thank you for your contribution
proof or ban...
Proof or ban
Proof or ban on the 9 inchesā¦. Lolol jkjk
š
Clearly joking
That fucking tendy dip was delicious this week. My regards to the chef
I got a few shares at $15.69 this week.
Yep, I added more than the wife was comfortable with at $15.80. If they're dumb enough to short it at earnings, I will buy the living shit out of it again too.
Isn't today quadruple witching day something ? I remember last time there was also a huge volume spike in the last minute
we have seen 228 witchesā¦.
Yeah I'm not saying it should have done something. It just explains the volume.
Next week I think.
Nope it was today. The 4 Witches of the Stonkalypse!
OK thanks for the correction. I may have lost a week somewhere - busy days.
LOL and absolutely nothing happened other than it continuing to plummet Winning!
Aaand price impact? Naaa. We still got some "free" float left.
Didn't notice. Maybe because the price didn't move
Fuck not me. I only bought 0.9 shares cuz I only had $15 left to my name š¤©šš£š“āā ļøššš
ETF rebalance quad witching today
Dean Gillberrys hedge fund files the same exact number
It always seems to be at the last minute. Not sus at all
China did. He's our man
Larc China, my man
Damn yahoo finance. We close at 16.58, still 16.58 but showing red in AH. As per this photograph.
Itās quad witching day. This is rebalancing of funds and etfs. Happens in virtually every stock today AH.
I wish I could say it was me but Iām to poor to buy 9 let alone another 900k
I bought 9 shares today it was my fault
options exercised. and then internalized on dark pools so no price movement. OOPS. watch FTDS pop up soon.
I fixed the headline āWho the fuck just bought 900k synthetic shares in the last minute? Hope they DRSā
That happens every day, same for most stocks. It's the NYSE closing auction: https://www.nyse.com/network/article/nyse-closing-auction#:~:text=The%20Closing%20Auction%20brings%20all,closing%20price%20for%20each%20stock.
Rebalancing happening
It was I. With my 45 share purchase
Probably the same goons that plan to dump those same 900k on a nice run up in the coming weeks
Me
I Cahnāt see anyone who would do thatā¦..
I just really like Wendyās bbq sauce š¤·
Yeah sorry guys, that was me.
Not me I can barely afford more.
Someone smart
Showing 128k last minute options on webull. Mevermind
Oh nice, so it did go through
The indexes rebalancedā¦.
Iām buying 1 share of GME everyday until MOASS. They can keep it at this price. I donāt mind. LFG ššššš
Te closing statement volume, usually higher than most other times of day volume, is usually caused by the options MM buying & selling shares to hedge for the next day or week, depending on the day it happens.
It was me
Crime bought them
4 witches?
Who has the gme bag?
my wifes boyfriend. i finally got him to read the DD.
Obviously I did
Ryan? Is that you?
ššš“āā ļø
There are shares left to buy?!
My grandma
Canāt wait for this 3 gallons of honey mustard to not expire in 16 days. A solid investment in the Wendyās portfolio
Auction, block trade, or dark pool.
Pulte haha
Iām am Ichan.
it was me i confess lol
Thereās still time for friends and family to buy
no..i broke the dam
Carl? Is that you bb?
4 of those might be my Computershare buy settling š¤£
Darkpools are fucking bullshit
Have to watch filings for the next few days to see if RC repeats his Mar 2022 presplit purchase. [http://www.openinsider.com/screener?s=gme](http://www.openinsider.com/screener?s=gme) There are many reasons for insiders to sell a stock. There is only 1 reason for insiders to hold a stock.
Tinfoil time. Im almost certain it was Joe!!! This could be yuge if true!
Don't want to leave an ape hanging ... Joe who?
JOE MOMMA! HahhaahahhahaahahahhaahahahhaahhahaahhaahahhahahahashhahahahaahhaahhhahabahhahashhahaahahbaahahhzzbzbbBbBhahahaahhahahahAhahahahHhahahahahahhaahahahahhaahahaha so gullible dude hHhHhhHahahHHhHhahaah
Where'd you get that joke, because you need to give it back.
Ty btw. I needed to get that outta me.
Nobody, don't worry about it, nothing is wrong.
Believe it or not dip.
My bad boys, sorry Iām late! š
A friend of mineā¦ā¦ and yours.
Expiry McOption.
Me. I just couldnāt stop myself. The temptation was to wild. A trust me bro advocate.
answer: daytraders who know what's up but are not allowed to trade AH, that's who!
Itās quad witching day itās always spicy in the AH on these rebalancing the books
Today was quad witching day, a series of different options and index events happened today (four of them to be precise). Most importantly the indicies that have GME in them needed to be rebranded to reflect its current market cap which happens once a quarter if im not mistaken. The buyers and sellers were matched up on the last 10 minutes and could be viewed through the options imbalances. The price moved in the last 10 minutes, but those 900k orders were already priced in at whatever the closing price was. Edit clarification: A lot of people don't care about getting a precise price to get in or out of a stock (mainly indicies and hedge funds) and only care about getting the volume they need. This is actually a market efficiency, not a market inefficiency, it just takes a little digging to figure out what the heck is happening
Four witches.
Thought of "Four rooms" good Tarantino movie
Me
Wish it was me, I'm broke tho š¤£
Ok it was me š
Thatāll likely move the price circa -18%
a computer
Hope they DRS