Spy Puts???
- By - L0ngLiveIce
The Boomer's bet (25% drop coming).
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- By - differentthistime22
What Are Your Moves Tomorrow, July 25, 2022
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A smol, delicate danger noodle.
- By - OPINION_IS_UNPOPULAR
Yolo LQDT 40k to 200k not selling till it hit 1 M
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Did somebody say 'Murica?
- By - YeetYourBroke
An idea dawned on me, what happens if they cant deliver the shares?
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- By - Space-Booties
There is a 30%-40% Chance We See a "Black ---day" Between July 27th and August 2nd. That's Next Week Suckas.
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- By - catbulliesdog
Pre-market run tomorrow?
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- By - Region-Formal
Here We Go Again - $13K GME OPEX YOLO
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- By - MoneyManToTheMoon
OCC Memo #50708 Regarding GME 4:1 Stock Split Option Chain
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- By - ReedAvocado
The C35 cycle married to borrows
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To the MOON.
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- By - No1Important_4real
Can-Kicked OPEX, A Blessing In Disguise?
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- By - MoneyManToTheMoon
gird your loins, it's OPEX week! GME is running hard June 21-24th!
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- By - maevepotter
5 Buckets, 1 CeeNiS: The Mechanics of GME Cycles
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- By - Dr_Gingerballs
5 Buckets, 1 CeeNiS: The Mechanics of GME Cycles
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- By - Dr_Gingerballs
Planning on buying 20c weeklies, if we go above 25 I’m selling
What does this mean, more people will be buying GME shares to hedge or options?
The negative hedge acts like an accelerator for the run. As obligations are covered, the hedge turns positive, meaning that MMS have to start buying shares, hence OPEX vups. Think of the negative hedge like a compressed spring.
I get it, so tomorrow we want GME to dip as low as possible?
Bingo, we want to see that negative hedge, shorting of GME, and a lot of XRT puts. All of these ingredients make for a great OPEX run.
Grabbed two for August
gherkinit
My thinking is that we are already in overbought territory. The SPY ran last week because of a lack of news. With data coming in next week, the bulls will lock in their profits. Furthermore, the shorts had been positioning the last three trading days, in expectation of the new data.
I’m holding 5 @$420. Not a ton of upside but if my prediction plays out it’ll be a 100% gain. Might close it Monday and re-enter a bit closer to OTM on Wednesday close.
What’s your expiry?
Sorry, same expiry
Gotcha, I opened my position on Friday
Curious, what makes you think LQDT will continue to rise?
gherkinit
This is the same shit I was talking about 2 weeks ago on the stream. This could be caused by the pro-rata dividend distribution through ETFs.
Bullish!
So mid or end august? I have nothing against it. Then I have time to buy more
August OPEX is on the 19th. If I’m right, we should see these lines intersect and stay relatively flat until OPEX, where hopefully they’ll diverge quickly and our run can begin.
Cool. Probably gonna run then. But I expect a bigger dip til then, because people gonna loose some interest and shorts gonna short it down more
Essentially, it should be business as usual if retail continues to hold, and most likely will. The SHFs will continue to short with this new liquidity; and hopefully those compounded obligations will lead to a nice August run. The icing on the cake would be to have a massive quarterly run, similar to Tesla’s split.
Some say August look more like the big runup, i dont know. Sooner or later it will run big
Fundamentally, yes. My thinking is that if we don’t tomorrow, we can have an August run similar to May.
Isn't it possible that we were always on FMAN, it was only Feb that got pushed to March because of the holiday, then we did have OPEX in May, so the next OPEX will be in August.
Very possible, no holidays in August that can be used to push obligations.
Fair prediction, might put some money in as well
gherkinit
Covering voluntarily in PM would be very dumb given the lack of liquidity. It would rocket.
My thoughts exactly, the best strategy imo would be to do a repeat of last February. Crush IV all day then ram into close.
Retard here: how the fuck are you up on your 200c?
Bought them when the price was lower
May the printer be with you
Thank you
Those nips could poke someone’s eye out
I’m banking on GameStop having an OPEX run this week
I’m concerned about the new options chain. Can someone explain simply. If I go out on Monday and buy $160 calls, will they be split into $40 calls after the split.
Yes, our options will split along with the stock.
If May counts as a run we could be looking at August next. Although the timing of the splividend and marketplace launch times up perfectly with a July run and I think those dates were calculated carefully by RC. BBBY seems like a safer bet to me for calls, im holding 200 contracts there in anticipation for next week
gherkinit
Feeling bullish, gonna DCA into calls.
Nice! Fidelity hasn't approved me for option trading. If I apply on Monday morning, do you think I can buy calls on Monday itself or is that too early for Fidelity to approve me?
Not sure, they’re customer service line is available during the weekend so you can call them and double check.
That’s what I’m holding, August 12 $180’s. I specifically chose 180 because of it split equivalent of $45 strike. Sounds very “exerciseable.”😆
Yup, the good news is that the options chain isn't going to split into old/new chains so we won't have to worry about the old chain becoming illiquid and having to sell and buy back in.
I’ve been looking at entering a position next Wednesday, buying 180c calls. We may start running next Thursday/Friday in preparation for the split.
gherkinit
With a dividend split, you get a new options chain with the new price, that’s why the old options chain dries up.
gherkinit
I understand your frustrations as I got my ass handed to me today as well.
OPEX covering should occur near the end of the week so there’s still time to buy options. IV is elevated though so they’ll be a bit more expensive.
Great analysis as always Doc!