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I think it went 9 for the day

 

YOLO redditor posted this update...This makes me sweat just looking at it... 800 $12 calls for 0.3125 each...That's a 24,800 investment to yield presently over $5MILLION

 

BTW $GME short float is UP day over day....

 

Same here, I did make some $ on GME today.

 

He was up $24m at the peak today...

He had a thousand of those calls yesterday or the day before. finally took some profit lol

 

Per the Fly on the wall...

The New York Stock Exchange announced that NYSE American Options and NYSE Arca Options have revised the quote spread requirement as follows: GameStop(GME) to $20.00 wide, or $25.00 wide when the bid is greater than $100.00, and iRobot (IRBT) to $10 wide. These modified bid/ask differentials will be in effect through the March 19 expiration cycle, the exchange said.




This should stop the excessive halting during the day

 

Wus. Where are his strong hands??? Stained with grease from all those tendies!!!

 

WTFuck does that mean? I’m not up with the lingo

 

aww my pictures of rockets and diamond hand emojis didnt post

 

Intentional... I was being a sunlight through prismatic water ursine

 

Diamond hands, holding to the moon!!!!

interesting. I thought the halts were a 10% change +\- working 5 minutes

 

Or whenever the big market makers get uncomfortable they have a little button to push on their desk

 

$AMC up 10% after hours. $5 calls getting close to


doing my best wsb

 

I had to go help a buddy after the 6th one. I closed all my calls except one. I'll let that ride. I'm really hoping for a downswing this week before the gamma squeeze happens again Friday.

 

I wonder if they'll come bail my ass out when I loose the house?

https://nypost.com/2021/01/25/this-short-seller-just-got-a-2-75-billion-bailout/

 

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


Edit*** Not my article, I copy pasted it. I'm not quite so intelligent or eloquent.

 

Didn’t realize it was this complex. So GME go up up? More up up?

 

Long story short, The hedge fund we're fighting got a 3b bailout by one of his buddies so they can keep the pressure on us poors.

It's literally big money writing the rules for themselves and doing whatever they want. And the big money bailout is big with a capital B money.

Thesis remains the same. Buy shares, hold shares. Options are not the play (even though we're all doing it).

I'm hopeful that by increasing the spread and keeping the amount of circuit breakers to a minimum, we can keep the rally momentum going and force the gamma squeeze even as they throw $3b in walls around to stop it.

 

Sooooo, sell? Or is there a big whale to help?

 

I think their will be. Some other firm will come up with another play to screw MC so they can take profit for themselves. It's the Wall St way.