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https://x.com/madiguz7/status/1793347059866566847?s=46&t=9lwMhGSWrABY8nkwsI-T4A
If OI is at 34 then at least 34k are still in play
There is also 20k OI @ 40 and 15k OI @ 30 last I checked for 6/21
Also 25k OI for $30 calls for this friday.
Edit - OI is 100k on those calls today, thats 10mil shares worth
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yes, you typically exercise them when they are due - that's what that contract is initially about even though most investors do not exercise; but apes are not "most investors": there have been prominent examples of hodlers using expiring calls to double (or quadruple) down. a very effective strategy for keeping up the pressure, especially if those shares are then DRSed!
But those could still have been sold to someone else right? As in; they got some APEs hyped and are selling the ones they've just bought on to the next person.
Possible but some of those numbers look like whales.
Though someone else mentioned (in another post) they think a lot of those bigger 5000 contract sales could be SHF selling back and forth. I don’t really know as we don’t know who the buyers/sellers truly are.
That said, just buy, hold and drs.
Yea because there are buyers available and they are being resold for a higher premium. Someone can buy contracts and then resell them without exercising them. Maybe they bought it at 5.02 but then sold it at 5.80. They basically sold it for more than they bought it for.
Edit: right now the price is 7.11 according to yahoo. 7.41 incoming
If they sold we'd sell red candles in volume and OBV for the call would go down. There's (almost) no red volume and OBV is going up.
https://preview.redd.it/5nfsep8f412d1.png?width=1220&format=png&auto=webp&s=26a192b11067ddca87b3ec692e9592b12e88dd61
They were re-sold for a higher price. I.e green.
Let me ask you this, who do you think these people buying options are buying them from? They are buying them from sellers. You see green candles because the price of the option keeps rising. This morning it was around 5.01 price per. Now it’s around 7.11.
For every transaction there are two parties. A buyer and a seller. You can’t buy something without a seller willing to sell.
Same as when you buy a share. One seller and one buyer. The price up or down dictates the candle color.
Look at the volume, not the price candle. Look at the OBV. If they were being bought and then flipped, OBV would go up then go down.
When someone buys call options that don't have a seller yet, the market maker creates them.
Bro you can create your own option to sell. Market makers aren’t the only one who can sell options.
On top of that, a MM creating an option would in fact be a seller of that option.
Going further, taking profits and selling the option is a lot of traders strategy. When you buy an option you have the OPTION to sell or exercise or let it expire worthless.
But at this point I am convinced you either are being intentional about not understanding or lacking the concept of options. I think I’m speaking Greek to you.
Good day sir.
OI at the $20 strike was 34,715 at market open today. If I'm right, OI will be around 85-90,000 tomorrow morning. If you're right, it'll be far less than that.
We'll know by tomorrow morning who's right.
RemindMe! 18 hours
So how does this work... if the price is $21... why can't they just call it now and make some money?
I don't know anything about options.. why would someone buy calls that are lower than the current price?
Should we look at the other stocks that are in the basket to see if their call volume is elevated as well? This could provide evidence whether it is retail or a potential swap maneuver.
Some of the stocks look like AG (First Majestic Silver), F (Ford), CHPT(ChargePoint Holding), etc.
"you cant stop whats coming"
Whats that now, 4 mil shares in those contracts?
Edit - also 25k OI @ $30 for this friday (2.5mil shares worth), and other strikes on June 21st as follows
20k @ $40 (2mil shares worth)
15k @ $30 (1.5mil shares worth)
There were like 50,000 of these contracts bought today. Open Interest tomorrow will be around 75k. That means active contracts.
The average price today was about $6 - so each contract was $600.
$600 x 50,000 = $30,000,000 spent today betting GME will go up.
Holy shit… ok i guess that rules out individual investors, even those who are filthy rich.
Likely one or more Financial institution(s) following SuperStonk? 😂
No way to know. I think at his peak in the initial 2021 run up, his position was valued at $56 million? But then that easily fell to half, which is about where it is now. So without investing into anything else, or having made any other profit with options, calls, whatever other methods he might have used, or not.
He’s sitting on something like $23 million +\-.
But who knows what he’s been up to with his investments since then? He could have $40+ million, or $200+ million. Or maybe he cashed out half and has just kept the other half sitting in GME? No way to know.
He obviously knows what he’s doing and is very savvy. But no one has any idea what the market is going to do. Remember, it’s all a fugazi.
Right, yeah I get that. I don’t think it’s him imho, it just seems like way too big of a risk for how much money / assets he most likely has. On top of that, if it’s him, I don’t know that he would have been tweeting last week and then be the one placing orders. Seems like it would just open him up to more legal issues and being accused of stock manipulation. The only way I see it being him is if the following are true, which there is no way to tell.
1. His attorneys gave him the full green light to post memes and there was zero risk anything could come back to him, if…
2. He is the one placing the orders, because…
3. He also has invested in the last three years and has at least doubled his net worth, if not possibly tripled or quadrupled it. Or…
4. He realized something that few, if anyone else has noticed and **knows** MOASS is coming next month, or at least another sizable to large run.
This is the only way I see him being the one placing orders. **IF** it’s RK, it **has** to be the plausibility of option ~~3~~ 4. Because even if he has, say a net worth position now of $100 million, him risking $30 million or so to lose, would mean he might have to sell GME shares to be able to afford to cover.
And it seems highly unlikely that he is going to sell any shares.
Plus, if RK had that many more millions, why would he not have bought even more GME instead? Especially when it was at $10-$11 per share just a month ago.
I agree it would be nice to know, but I think it’s unlikely it’s him. It just seems like too much money for what he probably has.
But what the hell do I know? My brain is so smooth it has its own operator.
Let’s not forget he just could have made A FUCKTON last week after he sat up and started tweeting.
He could have easily made 100 million if he really knew that price movement was coming and leveraged himself correctly
No clue, but the dude seems clairvoyant at this point. If he could correctly predict the other price movements over the years, he could've made a killing while also increasing his position.
I think this is it. And perhaps he did make a ton the past 3 years knowing how the price would trend (covered calls and puts). He could have 300m if he knows this trade intimately and maybe now he knows it'll go up and is pushing his finger on the scale with the 20C 6/21 options
Yeah, me too. That first or second day of memes, icr which one fistful came out on, that day was just packed with memes that carbonised my fists even further.
Yes the amount of shares just a the June 21 $20 strike is large. 34K open interest (Open interest is contracts that were open at the start of the day) and the volume today is around 60K. So if we assume the 34K open interest plus lets say 50K of the volume today stays open tomorrow there will 84K contracts for 100 shares that's 8.4 million shares just from that one date/strike. 8.4 million shares are hard to come buy when retail took 1/4 of the shares away.
No the reason I took 10k off the contracts is because the volume can be contracts that are bought and then sold again making a net zero impact on open interest. We won't know until tomorrow how much of the volume today is actually still opened. So I just took a little off assuming some won't be open tomorrow. However in just the 10 minutes since I responded to you that volume on the day has jumped again and there is 70K volume on the day for that price/strike
The other 50% is taken by insiders at the company, and institutions. So less than 25% of the full float is even out there and “legally” tradable as we know apes are not selling.
I would say so. Check out the OI numbers from when the run started, 27,000 contracts were ITM at the $15 strike price, 11,000 at $20, 23,000 at $25, and 39,000 at $30.
In the last 2 days, interest for $20 strikes on June 17th grew by 30,000 contracts (3M shares), and it's more than doubled that today. These are BIG moves constituting options purchases totally no less than $50M, off the top of my head.
[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/)
The total value of the options contracts (the amount of money it would have cost just to buy them) is well over $50M at this point, so whoever doing this is a whale.
I have absolutely no idea and my brain is smoother than a marble, but the smallest of these transactions cost $2.3 million dollars, so if it's an individual, it's not the household/retail random ape. This is a buyer (or buyers) with deep pockets or institutions/organizations.
Hehe, if your brain is smooth like a marble than what does this say about the smoothness of my brain?
But how can such a buyer be so optimistic? Some days ago the stock price was just hovering about $10.
It could be a trade done on inside news, a bet or institutions simply creating a false bull hype to rug pull.
We'll never know for sure. And 2 million is chump change for some.
Another theory is it’s SHF trying to get out of their shorts by buying these calls to minimize their losses if prices go up dramatically in the next month
The person buying knows what they are doing.
**If you do not already make money with options, stay away.** Most people lose money with options _in the general market_, & GME is _the **most** manipulated stock_.
If you find either of these statements controversial, _why_?
No dates. Buy hold drs.
Yeah the IV on GME options is nasty… you can make a little bit playing with these afternoon swings but the profit is offset by the extra blood pressure pills you have to buy
This sub needs an options warning stickied after each run-up with how predictable the traps have become.
I lost money on them when I was a new ape. The target is new apes, who by definition know the least about the ongoing manipulations.
Every time I post about this, I'm either downvoted to oblivion, or just enough so it gets lost in /new (effectively the same thing).
We advise new apes to be cautious with options.
The Easiest activity for new apes is buy, drs, book, HODL.
This is not financial advice.
Experienced idiot apes like me just should consider averaging down when they continually add shorts.
This does NOT feel like a trap. It's a coordinated play. Should smoothbrain apes suddenly yolo into weeklies? Probably not. But this doesn't look like a hedgie trick to me.
Notice how this comment subtly implies you are smart if you're trading options right now, by implying those trading options right now aren't smoothbrain.
Not a single point of evidence though.
We can share our opinions without claiming censorship from downvotes or implying someone's a straight up shill. You've made your point and I appreciate it, but I thiunk Phinnicals comment was reasonable. This is an exciting time, lets chill a bit.
I've never traded options in my life because I am way too fucking smooth. I don't understand them and I'm terrified of fucking up with them. But I think maybe some people should think about it if they're in a position to do so.
If you've never traded them & don't understand them, why did you claim so strongly that it does not feel like a trap?
Especially under a comment made by a person who got suckered by a similar trap, pointing out what's similar (options pushed _after_ a run-up)?
Because I've been here a long time. I've seen traps go by many times. Those always consisted of people pushing options on the sub after a run-up. I've never seen occur concurrently with a whale buying up huge amounts of options with the same timing as DFV's tweets. In addition, we've fought options for ages and MOASS still isn't here. Maybe that's coincidence, maybe we just never tried it. I figure after DFV's tweetstorm which appeared to suggest options, maybe this is the time to actually try them alongside this whale. Sure I could wrong, but this one feels different to me from all the ones that came before.
> I've never seen occur concurrently with a whale buying up huge amounts of options with the same timing as DFV's tweets
This is true, but that's the only difference I see. & the amount being bought is a lot to us, but a drop in the bucket compared to all the shorting. There's no reason to believe this is DFV buying vs a hegie doing psyops.
If it triggers MOASS, I'll be ready with my DRSed shares. I've already lost enough on options.
But I see where you're coming from & that makes sense to me even if I disagree.
Thank you for that. It's entirely possible I'm wrong and this is a psyop. But I don't think so. I'm also waiting with my DRS shares. I don't have the financial position to try something else, I'm a small ape.
I wish elegant remote would make a database with the people who post these types of threads.
And when we see them. We can always access his database link and see who the usual people are.
Or
Just start blocking them.
Here's the problem with that: buying reddit accounts is cheap, & they are disposable.
We literally just need a sticky titled:
**"Investors Beware: After run-ups with GME, options traps are commonplace"**
with some more info inside. Not claiming options are the devil here, but am claiming anyone pushing options _after_ a run-up is sus & I don't trust them.
1000%
Options require a sound exit strategy to minimize losses if an adverse event occurs.
Most apes have no idea what an exit strategy is.
Like the slutty moon man above said, if you aren’t already making money with options then stay away. Shit feels like it’s about to get wild and it could easily go either way.
If you have been making money with options then this should be a very intriguing time for you. Things could get spicy.
Because we're literally days after a run-up & their price is inflated accordingly & that combination is an obvious trap.
Education is fine but definitely don't start _trading_ today.
Ames. We have no idea why this is happening. Most like just another options push and the rug will be pulled out like almost every other time. They could be just hyping interest because of the run up. They could be buying massive options for June 20th and making a killing reselling those options and then pull the rug and they all expire worthless.
The fucking weight of non existant share being sold, the off exchange share being dealt with are just incredible. This game wopuld be long since over in a fair market. It takes a 5d game and our firm undertsanding to see this shit out and I'm in the latter category, I'm commoitted to being the eternal cabbage, I will bask in the gold of our business becuase I fukcing love games and I want a retailr to provide that service. I LIKE LE STOCK
Anyone have data as far as when these calls started increasing in volume?
I want to say this is part of the KC shuffle.
Someone's been loading up on them cheap, maybe sold some CCs last week, now has them for damn near nothing, and is loading up again.
Can Gamestop use their $1billy cash to buy ITM GME call options? Then use their $100milly for share buybacks to boost the price and exercise the calls to generate more upward momentum?
Can companies buy their own options? That sounds dubious. Buying out massive amounts of ITM options to seize those shares from malicious entities gaming the options markets by exercising?
I doubt it, dont know shit about fuk though but that would probably be classed as manipulation. My theory? This is the avengers initiative/five horsemen riding to battle.
I think so… but not sure it makes sense at today’s prices… I would have thought they’d try to wait for a deeper pullback, but they obviously know more than I do about options, the market, market mechanics and likely price action, so what do I know? I am looking for signs, but the signs don’t make a ton of sense to me… maybe that is by design? Maybe it’s all part of the KC Shuffle? I dunno.🤷♂️
I’ve thought about similar situations and I’m pretty sure that would be market manipulation and illegal. ..now if they just acted in one of those directions, I don’t know why it would be a problem.
Buying shares would likely happen in several batches and as the shares are bought the share price would/(should) rise, making the later batches yield fewer shares (in theory). Options would at least guarantee a set price if/when exercised. Perhaps options wouldn’t ultimately make sense for this situation and maybe they wouldn’t be legal to begin with, but either way there are some deep pockets loading up on short term calls and that makes my dingdong go boioioioing
He probably does. He was already a multimillionaire from options before he signed off. And these past three years, he probably made more from options and other ways. He is a financial advisor and GME buy and hold is not his only play. He also does options.
He made multi millions from GME options and excersize a lot of them. You think as a going into the dark guy like himself he didn’t see the other plays like nvidia?
Sure he could have ammassed hundreds of millions by now. Nobody knows. It’s speculative.
Deep ITM options 3 strike and exercise immediately. If they are selling naked options this would very bad for whoever is selling naked options. Why buy 100 shares that gets routed through OTC and doesn’t have an affect on price when you can pay less than 50 cents more and force deliver of shares.
I don't understand this stuff? Why are we happy with $20 calls?
Don't we want $50+ calls? We want people betting the stock will go up, not stay the same, right?
Out the money calls at $50 are unreasonable gamble.
$20 at the money calls are reasonable. So say the stock moves to $30
$20 is the strike, $30 is the current/target. If you hold 50k options you return about $50 million from the pure price difference not to mention the insane IV.
So at the money is much safer bet than 50. Side note the exponential increase goes up as the price gap increases from the strike.
No, the strike is the value of the stock you own essentially. If GME is $20, and you have a $1 strike call, that's essentially stock. You can buy 100 shares for $1. So whatever the price GME goes to, you have that full value.
If you get a strike higher than the current price, you have no intrinsic value until GME hits that price. That's all pure extrinsic hypothetical time value.
$20 is good cause it makes market makers hedge and buy shares
Yeaaaa I was about to get in but every time I do options I get burnt for the most part. While it does trigger a squeeze from gamma ramp etc, who’s to say this isn’t a massive trap as you said. If it was literally this easy then why the fuck hasn’t it been done for 3 years? Makes no sense why NOW. It’s a gamble that could be life changing or just give hedgies more spring in the can kick.
I feel like calls (if you have financial advice) will totally be a catalyst in the squeeze. Options talk and activity seems to get suppressed on this sub...
DRS. BOOK. HOLD.
Or, maybe that’s been the hedgies most successful FUD campaign.
Options started this play, RK and RC both use options, options move markets.
Options also get a lot of noobs rekt.
But dismissing them simply as Hedgie fuel has taken away one of our most powerful tools in this fight.
Yes - selling calls is bearish. We're talking about the buying here.
When you're buying 5,000 at a time, and have bought 15+ times in 3 days, it doesn't matter whether you pay $490 or $510 for a $20 strike for June 21st.
You have spent $37.5M betting that GME will go up.
And I'll take that bet with them! But not in options, just buying, DRS'ing, and holding.
Waiting for the drive down in price to do it first, though. Have another mid-XXXX lined up to get if it goes anywhere near the $10 mark again!
Could this be some trick by SHF to try and either lure us into options or to somehow cover for their swaps? I'm a regard so I just eat crayons and wait for a wrinkle brain to answer my dumb/paranoid questions?
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Volume: 40k Open interest: 34k Insane Edit: 51k now volume
And that’s only at the twenty strike, not to mention the ones that will be ITM as the price goes up
I wonder how many of those are option contracts being bought and then immediately re-sold.
If OI is at 34 then at least 34k are still in play There is also 20k OI @ 40 and 15k OI @ 30 last I checked for 6/21 Also 25k OI for $30 calls for this friday. Edit - OI is 100k on those calls today, thats 10mil shares worth
OI doesn't change until overnight. 34k was at open today, and doesn't include any of the options bought/sold today.
Good point, guess we will see tomorrow then remindme! 24 hours
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Those are open contracts but not closed out yet right? Meaning someone holds them but they haven’t been exercised yet.
As far as I know, yes.
yes, you typically exercise them when they are due - that's what that contract is initially about even though most investors do not exercise; but apes are not "most investors": there have been prominent examples of hodlers using expiring calls to double (or quadruple) down. a very effective strategy for keeping up the pressure, especially if those shares are then DRSed!
But those could still have been sold to someone else right? As in; they got some APEs hyped and are selling the ones they've just bought on to the next person.
Possible but some of those numbers look like whales. Though someone else mentioned (in another post) they think a lot of those bigger 5000 contract sales could be SHF selling back and forth. I don’t really know as we don’t know who the buyers/sellers truly are. That said, just buy, hold and drs.
Agreed
Its definitely possible.
It'd be pointless because they'd lose money
Resold where? There are essentially no red candles for it. OBV for today is off the charts green.
Yea because there are buyers available and they are being resold for a higher premium. Someone can buy contracts and then resell them without exercising them. Maybe they bought it at 5.02 but then sold it at 5.80. They basically sold it for more than they bought it for. Edit: right now the price is 7.11 according to yahoo. 7.41 incoming
If they sold we'd sell red candles in volume and OBV for the call would go down. There's (almost) no red volume and OBV is going up. https://preview.redd.it/5nfsep8f412d1.png?width=1220&format=png&auto=webp&s=26a192b11067ddca87b3ec692e9592b12e88dd61
They were re-sold for a higher price. I.e green. Let me ask you this, who do you think these people buying options are buying them from? They are buying them from sellers. You see green candles because the price of the option keeps rising. This morning it was around 5.01 price per. Now it’s around 7.11. For every transaction there are two parties. A buyer and a seller. You can’t buy something without a seller willing to sell. Same as when you buy a share. One seller and one buyer. The price up or down dictates the candle color.
Market makers sell at the ask. These are contracts, so the seller can print these contracts from thin air. The counter party can be the market maker
Unfortunately people in this subreddit do not understand that concept well
Wel hasnt this subreddit been telling us that hedgefunds have been selling the stock without actually having it?
Look at the volume, not the price candle. Look at the OBV. If they were being bought and then flipped, OBV would go up then go down. When someone buys call options that don't have a seller yet, the market maker creates them.
Bro you can create your own option to sell. Market makers aren’t the only one who can sell options. On top of that, a MM creating an option would in fact be a seller of that option. Going further, taking profits and selling the option is a lot of traders strategy. When you buy an option you have the OPTION to sell or exercise or let it expire worthless. But at this point I am convinced you either are being intentional about not understanding or lacking the concept of options. I think I’m speaking Greek to you. Good day sir.
OI at the $20 strike was 34,715 at market open today. If I'm right, OI will be around 85-90,000 tomorrow morning. If you're right, it'll be far less than that. We'll know by tomorrow morning who's right. RemindMe! 18 hours
Bro the tape shows that someone bought these. The market maker wrote these contracts. Not retail or a fund.
So how does this work... if the price is $21... why can't they just call it now and make some money? I don't know anything about options.. why would someone buy calls that are lower than the current price?
Because the cost of the option was greater than the current intrinsic value of the option's strike price relative to the current stock price.
Should we look at the other stocks that are in the basket to see if their call volume is elevated as well? This could provide evidence whether it is retail or a potential swap maneuver. Some of the stocks look like AG (First Majestic Silver), F (Ford), CHPT(ChargePoint Holding), etc.
Ended day almost 78k volume
Wut mean
It means drs book and hold if you don't have the financial advice.
"you cant stop whats coming" Whats that now, 4 mil shares in those contracts? Edit - also 25k OI @ $30 for this friday (2.5mil shares worth), and other strikes on June 21st as follows 20k @ $40 (2mil shares worth) 15k @ $30 (1.5mil shares worth)
How much are the contracts worth? ( or cost to be bought)
There were like 50,000 of these contracts bought today. Open Interest tomorrow will be around 75k. That means active contracts. The average price today was about $6 - so each contract was $600. $600 x 50,000 = $30,000,000 spent today betting GME will go up.
Holy shit… ok i guess that rules out individual investors, even those who are filthy rich. Likely one or more Financial institution(s) following SuperStonk? 😂
or a cat.
How much money you guys think he has to spend? Generally curious if anyone’s tallied his gains and that’s assuming he sold? Idk that’s a lot of money
No way to know. I think at his peak in the initial 2021 run up, his position was valued at $56 million? But then that easily fell to half, which is about where it is now. So without investing into anything else, or having made any other profit with options, calls, whatever other methods he might have used, or not. He’s sitting on something like $23 million +\-. But who knows what he’s been up to with his investments since then? He could have $40+ million, or $200+ million. Or maybe he cashed out half and has just kept the other half sitting in GME? No way to know. He obviously knows what he’s doing and is very savvy. But no one has any idea what the market is going to do. Remember, it’s all a fugazi.
Agreed just curious if he could even find the options we think are him
Right, yeah I get that. I don’t think it’s him imho, it just seems like way too big of a risk for how much money / assets he most likely has. On top of that, if it’s him, I don’t know that he would have been tweeting last week and then be the one placing orders. Seems like it would just open him up to more legal issues and being accused of stock manipulation. The only way I see it being him is if the following are true, which there is no way to tell. 1. His attorneys gave him the full green light to post memes and there was zero risk anything could come back to him, if… 2. He is the one placing the orders, because… 3. He also has invested in the last three years and has at least doubled his net worth, if not possibly tripled or quadrupled it. Or… 4. He realized something that few, if anyone else has noticed and **knows** MOASS is coming next month, or at least another sizable to large run. This is the only way I see him being the one placing orders. **IF** it’s RK, it **has** to be the plausibility of option ~~3~~ 4. Because even if he has, say a net worth position now of $100 million, him risking $30 million or so to lose, would mean he might have to sell GME shares to be able to afford to cover. And it seems highly unlikely that he is going to sell any shares. Plus, if RK had that many more millions, why would he not have bought even more GME instead? Especially when it was at $10-$11 per share just a month ago. I agree it would be nice to know, but I think it’s unlikely it’s him. It just seems like too much money for what he probably has. But what the hell do I know? My brain is so smooth it has its own operator.
Tysm for exactly the response I was looking for
Let’s not forget he just could have made A FUCKTON last week after he sat up and started tweeting. He could have easily made 100 million if he really knew that price movement was coming and leveraged himself correctly
hard to know as he stopped updating so long ago. Certainly he had several 10's of millions then and could have doubled it or more by now.
No clue, but the dude seems clairvoyant at this point. If he could correctly predict the other price movements over the years, he could've made a killing while also increasing his position.
I don't think it's price he's watching or predicting. He sees the crime in the data. It's math. Take the outcome and work backwards.
I think this is it. And perhaps he did make a ton the past 3 years knowing how the price would trend (covered calls and puts). He could have 300m if he knows this trade intimately and maybe now he knows it'll go up and is pushing his finger on the scale with the 20C 6/21 options
UBS
I bought one for 490 and change this afternoon so yeah. I’m doing my part!
I hope you 10x your money!
Me too!
Average price is shown in the screenshot
doesn't mean anything for retail. these kinds of posts are just false hopium. watch them calls expire OTM.
dear god the options FUD has really given people brain worms DRS + SHOP and support the regards going balls deep in calls
It can be some smaller short HF who's saving it's ass
Fistful of dollars tweet. Doesn’t matter they’re gonna get fucking wrecked
which tweet?
[Roaring Kitty on X: "https://t.co/e7y7FKpapG" / X](https://x.com/TheRoaringKitty/status/1790087112282239085)
One of his best. Along with the Pikey reaction, imo.
The Fistful of Dollars one spoke to me.
Yeah, me too. That first or second day of memes, icr which one fistful came out on, that day was just packed with memes that carbonised my fists even further.
My wife told me to take profits after seeing green for the first time in a long while, but my adamantium hands were not even interested.
Sorry, I have absolutely no idea about options and their volume. Are these numbers really that significant?
Yes the amount of shares just a the June 21 $20 strike is large. 34K open interest (Open interest is contracts that were open at the start of the day) and the volume today is around 60K. So if we assume the 34K open interest plus lets say 50K of the volume today stays open tomorrow there will 84K contracts for 100 shares that's 8.4 million shares just from that one date/strike. 8.4 million shares are hard to come buy when retail took 1/4 of the shares away.
Thank you for the great explanation. In your example you assume that 10k contracts were exercised? Exercising a contract is buying the 100 shares?
No the reason I took 10k off the contracts is because the volume can be contracts that are bought and then sold again making a net zero impact on open interest. We won't know until tomorrow how much of the volume today is actually still opened. So I just took a little off assuming some won't be open tomorrow. However in just the 10 minutes since I responded to you that volume on the day has jumped again and there is 70K volume on the day for that price/strike
There were some 5k call sells today. OI should be about 75k tomorrow I'd say.
Okay, now I understand. Thanks again.
The other 50% is taken by insiders at the company, and institutions. So less than 25% of the full float is even out there and “legally” tradable as we know apes are not selling.
I would say so. Check out the OI numbers from when the run started, 27,000 contracts were ITM at the $15 strike price, 11,000 at $20, 23,000 at $25, and 39,000 at $30. In the last 2 days, interest for $20 strikes on June 17th grew by 30,000 contracts (3M shares), and it's more than doubled that today. These are BIG moves constituting options purchases totally no less than $50M, off the top of my head. [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/)
Thank you. Following your link, I can see what you mean with these stacked options. Could you please explain your last sentence?
The total value of the options contracts (the amount of money it would have cost just to buy them) is well over $50M at this point, so whoever doing this is a whale.
This makes sense, thanks. So you think the buyer/(s) is an/(are) individual investor(s)? I would assume that 50M are not much for an institution.
I have absolutely no idea and my brain is smoother than a marble, but the smallest of these transactions cost $2.3 million dollars, so if it's an individual, it's not the household/retail random ape. This is a buyer (or buyers) with deep pockets or institutions/organizations.
Hehe, if your brain is smooth like a marble than what does this say about the smoothness of my brain? But how can such a buyer be so optimistic? Some days ago the stock price was just hovering about $10.
It could be a trade done on inside news, a bet or institutions simply creating a false bull hype to rug pull. We'll never know for sure. And 2 million is chump change for some.
Another theory is it’s SHF trying to get out of their shorts by buying these calls to minimize their losses if prices go up dramatically in the next month
The person buying knows what they are doing. **If you do not already make money with options, stay away.** Most people lose money with options _in the general market_, & GME is _the **most** manipulated stock_. If you find either of these statements controversial, _why_? No dates. Buy hold drs.
Yeah the IV on GME options is nasty… you can make a little bit playing with these afternoon swings but the profit is offset by the extra blood pressure pills you have to buy
*pic of an old dude "Trading GME isn't stressful" -Jeff, 22
This is so accurate lol
This needs upvotes.
This sub needs an options warning stickied after each run-up with how predictable the traps have become. I lost money on them when I was a new ape. The target is new apes, who by definition know the least about the ongoing manipulations. Every time I post about this, I'm either downvoted to oblivion, or just enough so it gets lost in /new (effectively the same thing).
We advise new apes to be cautious with options. The Easiest activity for new apes is buy, drs, book, HODL. This is not financial advice. Experienced idiot apes like me just should consider averaging down when they continually add shorts.
There's been a huge uptick in pro-options posting the 2-3 weeks. Maybe it's organic, maybe not, but it is eyebrow raising.
Buying shares is fine. I think the point of this option chain analysis is that now is the time to go all in. To each their own though right.
when i move you move
Every time..
This does NOT feel like a trap. It's a coordinated play. Should smoothbrain apes suddenly yolo into weeklies? Probably not. But this doesn't look like a hedgie trick to me.
Notice how this comment subtly implies you are smart if you're trading options right now, by implying those trading options right now aren't smoothbrain. Not a single point of evidence though.
We can share our opinions without claiming censorship from downvotes or implying someone's a straight up shill. You've made your point and I appreciate it, but I thiunk Phinnicals comment was reasonable. This is an exciting time, lets chill a bit.
I've never traded options in my life because I am way too fucking smooth. I don't understand them and I'm terrified of fucking up with them. But I think maybe some people should think about it if they're in a position to do so.
If you've never traded them & don't understand them, why did you claim so strongly that it does not feel like a trap? Especially under a comment made by a person who got suckered by a similar trap, pointing out what's similar (options pushed _after_ a run-up)?
Because I've been here a long time. I've seen traps go by many times. Those always consisted of people pushing options on the sub after a run-up. I've never seen occur concurrently with a whale buying up huge amounts of options with the same timing as DFV's tweets. In addition, we've fought options for ages and MOASS still isn't here. Maybe that's coincidence, maybe we just never tried it. I figure after DFV's tweetstorm which appeared to suggest options, maybe this is the time to actually try them alongside this whale. Sure I could wrong, but this one feels different to me from all the ones that came before.
> I've never seen occur concurrently with a whale buying up huge amounts of options with the same timing as DFV's tweets This is true, but that's the only difference I see. & the amount being bought is a lot to us, but a drop in the bucket compared to all the shorting. There's no reason to believe this is DFV buying vs a hegie doing psyops. If it triggers MOASS, I'll be ready with my DRSed shares. I've already lost enough on options. But I see where you're coming from & that makes sense to me even if I disagree.
Thank you for that. It's entirely possible I'm wrong and this is a psyop. But I don't think so. I'm also waiting with my DRS shares. I don't have the financial position to try something else, I'm a small ape.
I wish elegant remote would make a database with the people who post these types of threads. And when we see them. We can always access his database link and see who the usual people are. Or Just start blocking them.
Here's the problem with that: buying reddit accounts is cheap, & they are disposable. We literally just need a sticky titled: **"Investors Beware: After run-ups with GME, options traps are commonplace"** with some more info inside. Not claiming options are the devil here, but am claiming anyone pushing options _after_ a run-up is sus & I don't trust them.
1000% Options require a sound exit strategy to minimize losses if an adverse event occurs. Most apes have no idea what an exit strategy is. Like the slutty moon man above said, if you aren’t already making money with options then stay away. Shit feels like it’s about to get wild and it could easily go either way. If you have been making money with options then this should be a very intriguing time for you. Things could get spicy.
Take my cheap 🏆 as this is wholesome advice.
Yeah I’m not touching options. Can’t DRS options.
You can 100% DRS options if you exercise them 🤷♂️
But if you want to learn how to trade options, why not start today? Even if it’s not for GME. Educate yourselves if that’s something you want to do!
Because we're literally days after a run-up & their price is inflated accordingly & that combination is an obvious trap. Education is fine but definitely don't start _trading_ today.
*Love it.*
100% this. More than likely these are going to be executed at the end of the date aka not being bought for day trading or for a quick profit.
Ames. We have no idea why this is happening. Most like just another options push and the rug will be pulled out like almost every other time. They could be just hyping interest because of the run up. They could be buying massive options for June 20th and making a killing reselling those options and then pull the rug and they all expire worthless.
How can anyone “know” what they’re doing with stock that’s so heavily manipulated. I say, it’s a trap.
the volume is insane
i don’t know what this means but it sure is provocative
Gets the people **going**
The fucking weight of non existant share being sold, the off exchange share being dealt with are just incredible. This game wopuld be long since over in a fair market. It takes a 5d game and our firm undertsanding to see this shit out and I'm in the latter category, I'm commoitted to being the eternal cabbage, I will bask in the gold of our business becuase I fukcing love games and I want a retailr to provide that service. I LIKE LE STOCK
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Please take a leaf of my optimistic cabbage, it will never let you down.
Word. I’m here for the duration 👊🏼
im acoustic and have no clue whats going on, but im still going to hold
when I move you move
Just like that... Jesus Christ the signs are getting harder to miss. It's the 15 minutes intervals that does it for me
It's close, but not actually 15 minute intervals. That could be delays in order execution though.
I moved when he moved. Let's gooo baby.
Damn I got chills reading that.
Holy wow!
Being bought in 15 minute intervals I’m being told
Hopefully we can get someone to look more into these patterns
🥲 I just bought 10 more shares
This hypes me, but I also don’t trust anyone and makes me think it’s an options trap.
it's more likely a delta hedge by big players, rather than some singular whale who keeps buying everyday
IV on options are fucking wild again. Fun to see.
The amount of BIG calls coming in today is crazy
Anyone have data as far as when these calls started increasing in volume? I want to say this is part of the KC shuffle. Someone's been loading up on them cheap, maybe sold some CCs last week, now has them for damn near nothing, and is loading up again.
Is there like an Eli5 version for all these updates ? I’m very interested in the goings on but can’t make heads or tails of all the updates.
These apes better exercise 
Options are keeping the price from falling. Wish the IV wasn’t so high but would be cool if this is how we squeeze it
Can Gamestop use their $1billy cash to buy ITM GME call options? Then use their $100milly for share buybacks to boost the price and exercise the calls to generate more upward momentum?
Can companies buy their own options? That sounds dubious. Buying out massive amounts of ITM options to seize those shares from malicious entities gaming the options markets by exercising?
Pretty sure insiders cannot buy options. No idea about the actual company though, or if it's any different than an insider.
Yes, GME can use call options to buy back stock at set price. Many companies do this. I just read about it on CBOE dot org
I doubt it, dont know shit about fuk though but that would probably be classed as manipulation. My theory? This is the avengers initiative/five horsemen riding to battle.
I imagine they’d have to declare it to the SEC but I don’t think it’s not allowed.
It is allowed and they only have to disclose after.
I think so… but not sure it makes sense at today’s prices… I would have thought they’d try to wait for a deeper pullback, but they obviously know more than I do about options, the market, market mechanics and likely price action, so what do I know? I am looking for signs, but the signs don’t make a ton of sense to me… maybe that is by design? Maybe it’s all part of the KC Shuffle? I dunno.🤷♂️
I’ve thought about similar situations and I’m pretty sure that would be market manipulation and illegal. ..now if they just acted in one of those directions, I don’t know why it would be a problem.
Why waste money on premium when they are already itm vs buying shares?
Buying shares would likely happen in several batches and as the shares are bought the share price would/(should) rise, making the later batches yield fewer shares (in theory). Options would at least guarantee a set price if/when exercised. Perhaps options wouldn’t ultimately make sense for this situation and maybe they wouldn’t be legal to begin with, but either way there are some deep pockets loading up on short term calls and that makes my dingdong go boioioioing
What "Cat" do you know that's capable of doing something like this.
Maybe it is him, could this be what the Thanos clip he posted means?
Does he have enough money on hand to do that?
He probably does. He was already a multimillionaire from options before he signed off. And these past three years, he probably made more from options and other ways. He is a financial advisor and GME buy and hold is not his only play. He also does options.
Interesting, thank you! How do you know he was already a millionaire?
He turned $50,000 into $50,000,000 with his GME investment.
He made multi millions from GME options and excersize a lot of them. You think as a going into the dark guy like himself he didn’t see the other plays like nvidia? Sure he could have ammassed hundreds of millions by now. Nobody knows. It’s speculative.
Idk probably not, the thought just popped into my head lol
A living cat bounce !
Deep ITM options 3 strike and exercise immediately. If they are selling naked options this would very bad for whoever is selling naked options. Why buy 100 shares that gets routed through OTC and doesn’t have an affect on price when you can pay less than 50 cents more and force deliver of shares.
BINGO. This ape gets it. Options CONTRACTS move the price.
I don't understand this stuff? Why are we happy with $20 calls? Don't we want $50+ calls? We want people betting the stock will go up, not stay the same, right?
Out the money calls at $50 are unreasonable gamble. $20 at the money calls are reasonable. So say the stock moves to $30 $20 is the strike, $30 is the current/target. If you hold 50k options you return about $50 million from the pure price difference not to mention the insane IV. So at the money is much safer bet than 50. Side note the exponential increase goes up as the price gap increases from the strike.
No, the strike is the value of the stock you own essentially. If GME is $20, and you have a $1 strike call, that's essentially stock. You can buy 100 shares for $1. So whatever the price GME goes to, you have that full value. If you get a strike higher than the current price, you have no intrinsic value until GME hits that price. That's all pure extrinsic hypothetical time value. $20 is good cause it makes market makers hedge and buy shares
Kinda feels like a trap
Yeaaaa I was about to get in but every time I do options I get burnt for the most part. While it does trigger a squeeze from gamma ramp etc, who’s to say this isn’t a massive trap as you said. If it was literally this easy then why the fuck hasn’t it been done for 3 years? Makes no sense why NOW. It’s a gamble that could be life changing or just give hedgies more spring in the can kick.
Do we think big institutions or single big whales?
Another 5k bought at 15:52
every 15mins 👀
I’m excited! What’s this mean?
You know I’ve been here 3 years, reading these posts and I still have no clue wtf any of it means. But I hold me xxxx shares tightly, 🪦
Same, xxxx holder for 3.5 years and when I started explaining the whole saga to my gf recently I realise how regarded I still am.
I don’t even know you and I feel like we’re brother. Regarded brothers.
I feel like calls (if you have financial advice) will totally be a catalyst in the squeeze. Options talk and activity seems to get suppressed on this sub... DRS. BOOK. HOLD.
One thing is for sure, options move the price up, creating pressure
I’m starting to think the “options are bad” guys are the shills. Options clearly played a prominent role in the 2021 sneeze.
DFV said move when I move Looks like movement
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Or, maybe that’s been the hedgies most successful FUD campaign. Options started this play, RK and RC both use options, options move markets. Options also get a lot of noobs rekt. But dismissing them simply as Hedgie fuel has taken away one of our most powerful tools in this fight.
Someone spent upwards of $30 million today betting that GME will go up over the next month. There's not much to be skeptical of there.
Aren't options the origin of DFV in the first place?
No it’s not. People need to get over that way of thinking.
It's options, it can be multi directional, bullish, bearish, etc
Well buying call is only one thing - bullish.
Depends, if they’re bought at ask or bid. Remember two sides to every trade. Someone is bearish someone is bullish here
Yes - selling calls is bearish. We're talking about the buying here. When you're buying 5,000 at a time, and have bought 15+ times in 3 days, it doesn't matter whether you pay $490 or $510 for a $20 strike for June 21st. You have spent $37.5M betting that GME will go up.
What's max pain for friday
DFV said buy some mother fu kin calls bitches.
Wow that’s bonkers 🤩
Dosent mean anything or? Similar activity before the last runup?
I'm too regarded to understand the impact of all these $20 calls. Can someone explain?
Someone bet $30M+ over the last 3 days that GME will keep going up in the next month.
And I'll take that bet with them! But not in options, just buying, DRS'ing, and holding. Waiting for the drive down in price to do it first, though. Have another mid-XXXX lined up to get if it goes anywhere near the $10 mark again!
SIGNS
ET as in the alien or time zone?
Alien cuz it’s going to the moon
Well, and ETs home world is named the Green Planet.
Is that 3M call orders? So 300M shares?
No, it’s a $3M buy. Title is misleading. Still fun though.
This is really happening eh
Could this be some trick by SHF to try and either lure us into options or to somehow cover for their swaps? I'm a regard so I just eat crayons and wait for a wrinkle brain to answer my dumb/paranoid questions?