Still think TITNC3: Return of the Iceberg was peak

MESO · Jan 25, 2021

kairo[OP] said: ↑

GME counter argument (always good to have perspectives from both sides)

First, all you diamond hands are hereby promoted to Lt. Colonel after today. All you paper hands should be ashamed with yourself, but you still have time to help your fellow brothers against the Big Bad, Melvin Capital.

Context

Melvin Capital was bailed out today[1]. They were close to liquidating their position but were rescued. This is supported by the fact that as GME passed the 115 gamma ramp and headed to 150, the rest of the market was going red, likely from Melvin liquidating. This could have caused a cascading effect across other funds an positions, but that's another post. What is evident was that Melvin Capital was likely about to start liquidating but was rescued by Plotnik's Papa Steve Cohen with 2.75B [1]

Conjectures

I'll describe how Melvin Capital will likely try to countermove their weak position. Everything I write is conjecture, and would be a very low investable thesis but let's continue with the white boarding.

The GME 60C is the beginning and the end for you guys. Huge amounts of call buying and delta hedging occured at this strike. 10s of Millions of shares are linked to these derivatives.

Melvin's Capital goal is to not be forced into a short squeeze. You guys want the the infinite short squeeze to be triggered. MM/Citadel Securities provides the price discovery on how expensive each countermove is for the actors in this game.

Melvin Capital is likely not to double down on naked shorts with the new funds because if he loses in that move, Plotnik's career is over and may face criminal charges for abusing his fudiciary duties by doubling down with more naked short selling.

We saw today how someone forced GME share price to drop over 10% and force halts, thereby dropping off vega and killing off any gamma ramping. It happened over and over. So we know that's what they tactically want to do.

Steve Cohen's, famous hedge fund manager, has a favorite play. He would create massive call and put walls around a strike price to kill off vega and prevent gamma, and collect premium. In ELI5, Cohen would put up massive blocks of expensive puts and calls so that participants would have to churn through them before gamma could be ramped. By the time it happened, theta would have made your positions not profitable. And Cohen would collect the premium as actors tried to hammer through those put and call walls. He basically does this to kill volalitity.

Plotkin was Cohen's right hand man.

So expect Plotkin will use the 2.75B to drive GME price below 60, then he will ressurect massive put/call walls around a strike price and wait out the ITM 60C options across the calendar. This will kill vol and dampen gamma to prevent a gamma squeeze that can trigger an infinite short squeeze.

Retails counter move

Retails only chance is to have a big whale on your side to blast threw those put/call walls that will kill vol; or it's a race against time to trigger the gamma squeeze before Plotkin drives the price below 60 and erects the massive put/call walls that make all the ITM 60C expire worthless and dampens anymore gamma ramping to force a short squeeze.

Retail must drive GME to 115 and soon

[1] https://www.wsj.com/articles/citade...on-into-melvin-capital-management-11611604340
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Great brainstorming. I’m just one of the many retards that doesn’t know that much about trading. all I know is to BUY and HOLD right now lol

theesotericone · Jan 25, 2021

Iwilltaco said: ↑

Maybe, but they might see it in their best interest to see this movement by the little guys squashed
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I never said they also wouldn't squash the little guy. lol

kairo · Jan 25, 2021

All we need is Elon to tweet "hey, anybody check out the gamestop thing?" and it would all be over lol. We'd run that bitch up to $3k a share in 2 hours

Iwilltaco · Jan 25, 2021

theesotericone said: ↑

I never said they also wouldn't squash the little guy. lol
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but we are the little guy!

slcsez2000 · Jan 25, 2021

What platform do you guys trade options with?

I use TD Ameritrade but am looking for better if out there.

TreeFortRichard · Jan 25, 2021

slcsez2000 said: ↑

What platform do you guys trade options with?

I use TD Ameritrade but am looking for better if out there.
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That's what I use. My ONLY real issue is you can only set trailing stop losses for options with the Think or Swim desktop platform...I have yet to figure out a way to do it otherwise...
TD Still charges for OTC and options...Some others are free..
But when there's a shitstorm of activity TD has knock wood...remained up and running.

kairo · Jan 25, 2021

slcsez2000 said: ↑

What platform do you guys trade options with?

I use TD Ameritrade but am looking for better if out there.
Click to expand...

I use Robinhood cause their green lines are the darkest of green.

TreeFortRichard · Jan 25, 2021

Anyone looking for some "free money"
Put in a limit order for some March puts...Look at today's swing in prices and put a bid around the lowest price today. WHEN it spikes again tomorrow you'll grab some puts to sell back on a dip.

Your limit order to Buy 5 contracts of GME Mar 19 2021 20 Put at 1.60 was received.

slcsez2000 · Jan 25, 2021

TreeFortRichard said: ↑

That's what I use. My ONLY real issue is you can only set trailing stop losses for options with the Think or Swim desktop platform...I have yet to figure out a way to do it otherwise...
TD Still charges for OTC and options...Some others are free..
But when there's a shitstorm of activity TD has knock wood...remained up and running.
Click to expand...

Did you have any problems today
Mine was wonky all day long, wrong info all over my app.

TreeFortRichard · Jan 25, 2021

slcsez2000 said: ↑

Did you have any problems today
Mine was wonky all day long, wrong info all over my app.
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ha...
One glitch that I KNEW was a glitch but made for a helluva screen shot..
But I think that was all over when it GME was halting.
No issues with my other positions.

kairo · Jan 25, 2021

slcsez2000 said: ↑

Did you have any problems today
Mine was wonky all day long, wrong info all over my app.
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Most of the retail brokers had some issues today. My RH account, Schwab account, and WF account all shit out at different points in the day.

There was so much volume going on (not just in GME) that things went wonky all the way around.

slcsez2000 · Jan 25, 2021

My cost basis in pretty much every stock I own was like 1/4

I wish it were true!

slcsez2000 · Jan 25, 2021

Anyone toying with AMC?

theesotericone · Jan 25, 2021

slcsez2000 said: ↑

Anyone toying with AMC?
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Yep.

kairo · Jan 25, 2021

slcsez2000 said: ↑

Anyone toying with AMC?
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I am not. The funds they got injected to help them weather "the dark winter" (their words) I don't think is going to be enough to keep them afloat until the world is back to normal.

Short term calls will probably make money on AMC, but I'm going to watch from the side.

There's a decent amount of short interest though, so who knows lol

theesotericone · Jan 25, 2021

kairo[OP] said: ↑

I am not. The funds they got injected to help them weather "the dark winter" I don't think is going to be enough to keep them afloat until the world is back to normal.

Short term calls will probably make money on AMC, but I'm going to watch from the side.
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FEB 19 $5 strikes all day.

theesotericone · Jan 25, 2021

theesotericone said: ↑

FEB 19 $5 strikes all day.
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Tell your friends. lol

slcsez2000 · Jan 25, 2021

theesotericone said: ↑

FEB 19 $5 strikes all day.
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I gotta get in on this lol

kairo · Jan 25, 2021

theesotericone said: ↑

Tell your friends. lol
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Are you allowed to quote your own post for hype lmao

slcsez2000 · Jan 25, 2021

slcsez2000 said: ↑

I gotta get in on this lol
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me too....

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Welcome to Tacoma World!

Still think TITNC3: Return of the Iceberg was peak

#2041 MESO Major Modder Vendor

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#2043 kairo [OP] >_>

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#2046 TreeFortRichard Barcelona Red is the best red...

#2047 kairo [OP] >_>

#2048 TreeFortRichard Barcelona Red is the best red...

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#2050 TreeFortRichard Barcelona Red is the best red...

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TreeFortRichard Barcelona Red is the best red...

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TreeFortRichard Barcelona Red is the best red...

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TreeFortRichard Barcelona Red is the best red...

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