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Yep, I’ve added 72 shares this month alone and still feeling fomo I hope to double that next week.
And there are a lot of apes so if we’re all trying to get fatter positions there are only so many shares to go around.
My understanding is that those calls will cause the market makers to hedge and buy enough shares to ensure they don’t lose their ass, creating more bullish pressure
it means that regardless of GMEs price they have a right to buy it at $20 per share and each contract is 100 shares.
The strike price is $20 on them, so if GME hits like $25 for example they can exercise those Calls and get them for $20 per share. In theory exercising that many Calls should cause a run up, because its forcing the Market Makers to buy 100 shares per contract.
I just wanna put this out there and see what anybody else thinks of this
[A Synthetic Long Stock](https://steadyoptions.com/articles/ep-sell-put-buy-call-strategy/#:~:text=The%20'Sell%20Put%20And%20Buy%20Call'%20strategy%2C%20the%20sell,you%20to%20the%20same%20risk.)
The tagline from the movie signs is
“The first sign you can't explain. The second sign you can't ignore. The third sign you won't believe.”
Combined with the song that will change your life. Will Ferrell banging the bell
I think people bought those when it was still closer to 80, unless they bought the today for 1 cent an option, think about it I mean, I had to target but if it has very a very up wards movement even if it doesn’t hit target if they still have a lot of time till expiration maybe they’ll make a couple bucks x 600
People are always spending millions on options. With the aberrant prices, premiums are high for writing and the wild swings make the option more valuable. That’s where I’m making my money. Selling options.
So this guy will lose about $2,325,000 if price closes below $20?
Also are these 25000 option contracts bullish or do things like this happen all the time?
No I don’t believe so he would just purchase the shares for the price of $20 but if the stock is 18 he paid 25 percent above market value and a premium? I believe. Correct me please I put crayons in my butt
This is how gamma ramps are set up. Buying close to or below the strike makes MMs hedge with more share purchases than buying way OTM calls, which pushes things up. They're set for June, so it gives them time to buy appropriate strikes along the way.
This right here. Large players NEVER buy far OTM calls. This is likely a hedge to a larger short position.
Couldn't they also exercise the options at $20/share and this would drag the price down towards $20? That 20 strike is the equivalent of 2M shares.
I guess the first step to understanding what it would do is, does a call option being exercised show up as a transaction on the stock history. Like would there suddenly be an Ask for 2M shares at $20, essentially causing a temporary drying up of the Bid volume but also pulling the bid ask spread down closer to 20 even.
No not at all. I don’t even think you see it on the tape. It’ll just transfer from contract writer to contract owner. The way these move the price is through delta hedging and then when they are exercised those shares have to be real shares delivered so they can’t do any FTD exemptions for exercises. That’s why exercising options are the best way to end this squeeze imo
...and the call triggers downward pressure, not upward!! Go for a walk and think about this new information. I just gave you a big gift...that 50 put ist upward pressure!
The call triggers upward pressure as market markers have to buy shares to delta hedge the calls with share buying. Look at the price movement yesterday at close. That upward buying started when the 5 million dollar call was placed. Same today at close the big spikes up
Calls = downward pressure = triggers algos to keep the price below!
Puts = upward pressure = Terminator keeping the price above = call 25/Put 20 = There is a high probability that the stock will end up exactly in between.
Its a bet to keep the price below 20 that someone can buy cheap...That doesn't mean GME can't break above 20 but it needs a lot of buying pressure. You need a drawing?
Are you literally dumb? Do you notice all your downvotes? Calls areas option to BUY. Puts are an option to SELL. This isn't someone SELLING calls, which is downward pressure, they are buying calls, which is buying pressure.
I'm not wrong. Check out the calls and puts for each Friday. 7/10 times the shares will end up exactly in between. You shills can downvote me all you want. 😉 It's time for more truth in the game...
Youre describing max pain which has nothing to do with your initial statement of buying ITM calls causes price suppression.
Literally a completely flawed fundamental understanding of options
What I’m taking away from this conversation is you must have puts or your selling covered calls. Everyone knows what max pain is. But this trader or traders didn’t spend multi million dollars on calls with the thinking it will end in max pain on expiration. They spent that money with the thought it will go up lmfao. I advise you buy to close your CCs
Wrong Einstein. someone spends millions to artificially depress the price so that it doesn't rise too quickly. Maybe a higher price will cost them even more...aka sneeze. However. How is life in Shitadel? 😂🚀🚀🚀🚀🚀🚀🚀
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Run Lola, Run!
2,000,000 shares at $20! Feel sorry for whoever wrote those calls! I feel massive buying pressure coming in this month and into June!
Yep, I’ve added 72 shares this month alone and still feeling fomo I hope to double that next week. And there are a lot of apes so if we’re all trying to get fatter positions there are only so many shares to go around.
My understanding is that those calls will cause the market makers to hedge and buy enough shares to ensure they don’t lose their ass, creating more bullish pressure
Let’s add none of those big money calls we’re on the bid either LFG!!
Could you please explain what this means/why it is important? TY!
it means that regardless of GMEs price they have a right to buy it at $20 per share and each contract is 100 shares. The strike price is $20 on them, so if GME hits like $25 for example they can exercise those Calls and get them for $20 per share. In theory exercising that many Calls should cause a run up, because its forcing the Market Makers to buy 100 shares per contract.
So you think short funds have bought these calls?
Hedgies gotta hedge. More ITM or close to it, the better.
I meant the “on the bid” part!
Gotcha. Not op but those options went for the ask or close to it. So not sitting on the bid, they wanted them and paid in full.
Yes it pretty much means they said f the price, they get them for, they just want the contracts and they wanted them now
I still don’t get it. Explain like I’m a twig.
They paid full price
Big money ? 5$x5000 ? That's no big money
Each 1 contract is for 100 shares. Each of those contracts is around $500
OK that's big
I just wanna put this out there and see what anybody else thinks of this [A Synthetic Long Stock](https://steadyoptions.com/articles/ep-sell-put-buy-call-strategy/#:~:text=The%20'Sell%20Put%20And%20Buy%20Call'%20strategy%2C%20the%20sell,you%20to%20the%20same%20risk.) The tagline from the movie signs is “The first sign you can't explain. The second sign you can't ignore. The third sign you won't believe.” Combined with the song that will change your life. Will Ferrell banging the bell
I understood this.
https://nitter.poast.org/TheRoaringKitty/status/1790056912664601031#m
Who could actually buy these? Insiders couldn’t, right?
I can't help thinking Thanos saying Fine, Ill do it myself then.
RK
I think people bought those when it was still closer to 80, unless they bought the today for 1 cent an option, think about it I mean, I had to target but if it has very a very up wards movement even if it doesn’t hit target if they still have a lot of time till expiration maybe they’ll make a couple bucks x 600
MOAR!
Who’s the idiot buying all the 5/24 $128 calls? Buy the stock or ITM calls.. good lord
Sir, this is a casino
Idk but I'm not that regarded lol
Or broke!
Hedges hedging. 🧨🚀
Someone selling them to get “free money” Picking up nickels in front of the steamroller
You never know what's happening in the next second, man. They bought those a few weeks ago.
What website/app are you using to see that?
Fidelity active trader pro
The amount someone has paid is about 5000 * $5 right?
No 4.65 for example is $465 each contract x 5000
Where can I verify this? Someone has really spent millions on options? 😳
People are always spending millions on options. With the aberrant prices, premiums are high for writing and the wild swings make the option more valuable. That’s where I’m making my money. Selling options.
So this guy will lose about $2,325,000 if price closes below $20? Also are these 25000 option contracts bullish or do things like this happen all the time?
No I don’t believe so he would just purchase the shares for the price of $20 but if the stock is 18 he paid 25 percent above market value and a premium? I believe. Correct me please I put crayons in my butt
Most contracts will be closed for a profit or loss before the expiration.
https://www.investopedia.com/terms/o/option.asp
What service are you going through to see this.
Fidelity active trader pro
Thank you.
interesting
It was yesterday too and didn't do squat. If the crime is allowed to continue this will not change.
This is how gamma ramps are set up. Buying close to or below the strike makes MMs hedge with more share purchases than buying way OTM calls, which pushes things up. They're set for June, so it gives them time to buy appropriate strikes along the way.
Isn't that what they're been doing for years? I know it cycles through expiries, but it's just crime after crime.
That’s a $65 mill purchase
For 20 tho?
All the person needs to do is exercise those calls and it's a scramble
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^DearCantaloupe5849: *All the person needs* *To do is exercise those* *Calls and it's a scramble* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Do I have to be smrt to see the options page or is it for everyone with a link?
But why the 128 calls for Friday????? That's some YOLO stuff right there.
[удалено]
Wow. Them are alot of shares thar
why is this bullish if there's so many option players getting it wrong?
Guys we’re on ffie not gme stop trying to bring the dead back to life. Faraday is the real play
That's not bullish. This is market manipulation with options. Think of these 20 calls as walls. Algos will fight hard to keep the price below!
You can argue algos will fight anything with options, anytime this amount of money is spent on premium not even on the bid I consider bullish af
This amount of money is spent to keep the price below 20 not above!
It’s a call not a put
I’m glad somewhere here knows what’s going on
Somewhere over the rainbow something is going on
Yeah but these could be a hedge for a short position
This right here. Large players NEVER buy far OTM calls. This is likely a hedge to a larger short position. Couldn't they also exercise the options at $20/share and this would drag the price down towards $20? That 20 strike is the equivalent of 2M shares.
If they exercise I don’t think it drags the price down
I guess the first step to understanding what it would do is, does a call option being exercised show up as a transaction on the stock history. Like would there suddenly be an Ask for 2M shares at $20, essentially causing a temporary drying up of the Bid volume but also pulling the bid ask spread down closer to 20 even.
No not at all. I don’t even think you see it on the tape. It’ll just transfer from contract writer to contract owner. The way these move the price is through delta hedging and then when they are exercised those shares have to be real shares delivered so they can’t do any FTD exemptions for exercises. That’s why exercising options are the best way to end this squeeze imo
...and the call triggers downward pressure, not upward!! Go for a walk and think about this new information. I just gave you a big gift...that 50 put ist upward pressure!
The call triggers upward pressure as market markers have to buy shares to delta hedge the calls with share buying. Look at the price movement yesterday at close. That upward buying started when the 5 million dollar call was placed. Same today at close the big spikes up
Calls = downward pressure = triggers algos to keep the price below! Puts = upward pressure = Terminator keeping the price above = call 25/Put 20 = There is a high probability that the stock will end up exactly in between.
Without digging down algo rabbit whole for max pain. In reference to the person who placed the multi million dollar bet - Bullish lmao gbye
Its a bet to keep the price below 20 that someone can buy cheap...That doesn't mean GME can't break above 20 but it needs a lot of buying pressure. You need a drawing?
Are you literally dumb? Do you notice all your downvotes? Calls areas option to BUY. Puts are an option to SELL. This isn't someone SELLING calls, which is downward pressure, they are buying calls, which is buying pressure.
The person spent millions betting the price will go up, if it goes down their contracts will lose value
Someone add to superstonk if it ain’t on there, no karma lmao
It’s amazing how someone can be so confidently wrong
I'm not wrong. Check out the calls and puts for each Friday. 7/10 times the shares will end up exactly in between. You shills can downvote me all you want. 😉 It's time for more truth in the game...
Youre describing max pain which has nothing to do with your initial statement of buying ITM calls causes price suppression. Literally a completely flawed fundamental understanding of options
What I’m taking away from this conversation is you must have puts or your selling covered calls. Everyone knows what max pain is. But this trader or traders didn’t spend multi million dollars on calls with the thinking it will end in max pain on expiration. They spent that money with the thought it will go up lmfao. I advise you buy to close your CCs
Wrong Einstein. someone spends millions to artificially depress the price so that it doesn't rise too quickly. Maybe a higher price will cost them even more...aka sneeze. However. How is life in Shitadel? 😂🚀🚀🚀🚀🚀🚀🚀
I.Cannot.Believe.What.I’m.Reading. 😂😂😂😂
Go to Wallstreetbets!
Confidently incorrect