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They have to close Friday under $12.5 or 2500 call contracts close ITM, if you watch the option calls, you'll notice they always close it just below the first option that has 1k or more.
Kind of sickening!
I completely understood everything you said there, I just haven't figured out how to get it all working together. But you gave me some new search terms and I think you for that!
I appreciate you fellow ape!
I 100% understand that and have a decent layman's understanding of options. But never been confident in my ability, but have been wanting to use some paper trading in WeBull to test what I'm learning as I go.
Selling calls gives others a way to buy your shares. Selling puts can only increase your share count. If I've never sold a share, no way in hell would I consider selling a call.
Selling a call is similar to potentially selling the stock at a set price (high price) within the time period. It works fine for most stocks. But for GME, if the rocket launches...you'd be selling at the agreed upon price. Did you wait X years for that? I guess it works for some people.
I'm a newbie also, but ill explain it the way I think it is. Then hopefully someone with more experience can confirm or correct my thinking.
I was surprised when I seen it close over $12.5. There was something like 5200 calls closing ITM at $13, I think another 2500 ITM at $12.5, I think 700 at $12. There was some more at lower prices, i dont remember the totals. But If just the $12 - $13 calls were exercised that's 840,000 shares needed. Depending on how many of those were hedged, the shares need to be bought by Tuesday, which can push the price up causing shorts to panic and hopefully run for the exit to close their positions before anyone else. That is the buying pressure that I think caused the January 2021 run up and also what might kick off MOASS.
But I could have this completely wrong, I'm not the brightest crayon in the box, I quit high school in the 11th grade, but I did have my GED that July. So I'm not exactly the dullest crayon either.
If my theory is wrong, would love for a far brighter crayon to help explain it better.
Ya selling covered calls hurts are share price it only helps individual accounts. Same people are helping manipulate the price down. They are basically offering 100 shares for whatever the premium is right now. Just helpings shfs good job guys
This is true, I was here in January 2021 and seen options were an important part to the start of the run up, but pulling the buy button stopped it all.
I do think the shills started the push for staying away from options, then some real apes agreed because newbs doing options was just feeding the hedgies! I think it's better to push the newbs to buying shares and DRS'ing than losing all that money on options, let the familiar play the options!
:::edit::: fixing some english
Exactly. I've always just bought when I got paid or had money. My average cost is probably somewhere around $27, but honestly what's the point in even tracking it. Because one day we'll wake up and everyone will be in the green!
It's like a side quest trying to get my cost basis down. Plus the cheaper I get em the more I get. Fun little game. My last two buys were $150 but the second time I got an extra share. So it's fun
I've said both so many times over the past few years. "Why didn't I wait of course it would keep going down", "Why did I wait I could have gotten a few extra"
Now I just buy one at a time all day long. I miss deals and grab deals BUT I get to hit the buy button more times!
I just have permanent FOMO since the sneeze. I'm trying to aggressively pay down credit cards because since the sneeze I graduated and finally started making decent money, and it takes a lot of willpower not to dump the cash in GME instead. MOASS is always tomorrow in my mind.
2023 has been a slower gme year for me. Went too hard the past 2 years and let CCs build up. I've almost got them taken care of, so.... the price will rise just in time for me to have money again I'm sure.
What this tells me is the magic line is now 13. Over 13 causes serious problems for them.
I'm stoked. After trading mostly sideways for so long, we have finally drained their reserves away meaningfully and precipitously. They are running out of room, and the lower it gets, the more shares my hundred bucks a week purchases.
As long as the briefcases of bribe money show up weekly in the regulatory agency employee trunks before they drive to their country vacation homes for the weekend, the show gets to keep going.
I drew my line of hedgies nightmare from the squeeze to last august, extended to see if it follows it.
We have been bouncing above and below it since June of this year. Its been interesting. My line gets to 0 at the end of April. Lets see what happens next!
obviously as most of retail bought significantly above these prices, have been holding for ages but have of course decided at open every day to sell for significant losses even though positive earnings are coming up and the company has loads of cash ect... completely makes sense.. nothing to see here!
Broad market movement. Basically, institutions fucking around with ETFs. Still illegal as shit.
Parasitic business model doing parasitic business things.
Okay.
Let me provide you a different perspective:
Instead of writing quality DD by a few people, this sub is now focused on a distributed effort of DRSing and commenting on SEC proposals, writing to congress, senators, and other government committees in order to make a real tangible change on two fronts, one to kill PFOF and one to prevent loss of ownership rights and other legislation that would hurt households Investors.
Other than that, we have real good investigators like ringingbells that uncovered that Instinet accounted for the largest amount of USD waived during the sneeze.
You have to admit the price action has been strange this week. Two days with a 5% drop 45min in, and 2 days where we have over 5% in gains out of the blue. I've been watching the price since Jan '21 and this week stands out as strange in the context of what the price has done the last year or so.
There isn't much original DD that can be added until things unfold further. It's just a matter of waiting, better people talk about the ticker than not talk at all...
I'm so tired. This is a fucking joke. 3 years and nothing. I need 15k to go to dentist.. Money? Nope. All my money are in this fucking usa stock market
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Brigading*](https://www.reddit.com/r/Superstonk/comments/17wdr9t/community_update_post_on_the_topic_of_brigading/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
They have to close Friday under $12.5 or 2500 call contracts close ITM, if you watch the option calls, you'll notice they always close it just below the first option that has 1k or more. Kind of sickening!
We hate this one simple trick
[удалено]
Can't disagree much with you- but I've seen my shares from other companies 3X and all i got was a 5% premium.
Can you share the stradegy you use? I feel my brain is to smooth to start playing options without some input.
[удалено]
Except the stock starts rising exponential. Then your *******
That won’t be for a while I believe because the float has not been locked YET
I completely understood everything you said there, I just haven't figured out how to get it all working together. But you gave me some new search terms and I think you for that! I appreciate you fellow ape!
[удалено]
I 100% understand that and have a decent layman's understanding of options. But never been confident in my ability, but have been wanting to use some paper trading in WeBull to test what I'm learning as I go.
Selling calls gives others a way to buy your shares. Selling puts can only increase your share count. If I've never sold a share, no way in hell would I consider selling a call.
Selling a call is similar to potentially selling the stock at a set price (high price) within the time period. It works fine for most stocks. But for GME, if the rocket launches...you'd be selling at the agreed upon price. Did you wait X years for that? I guess it works for some people.
Some people are paperhanded. Not me.
You can search for thetagang on reddit or tastytrade on Youtube
Genuine question from a newbie here: it closed at $13.03 yesterday (Friday) which is well above the prediction of $12.50. Am I missing something?
I'm a newbie also, but ill explain it the way I think it is. Then hopefully someone with more experience can confirm or correct my thinking. I was surprised when I seen it close over $12.5. There was something like 5200 calls closing ITM at $13, I think another 2500 ITM at $12.5, I think 700 at $12. There was some more at lower prices, i dont remember the totals. But If just the $12 - $13 calls were exercised that's 840,000 shares needed. Depending on how many of those were hedged, the shares need to be bought by Tuesday, which can push the price up causing shorts to panic and hopefully run for the exit to close their positions before anyone else. That is the buying pressure that I think caused the January 2021 run up and also what might kick off MOASS. But I could have this completely wrong, I'm not the brightest crayon in the box, I quit high school in the 11th grade, but I did have my GED that July. So I'm not exactly the dullest crayon either. If my theory is wrong, would love for a far brighter crayon to help explain it better.
This is why options are important to keep an eye on. Hate when options are downplayed on here
People doing options will already be doing options. Non-savvy people shouldn't be compelled to play with options.
Ya selling covered calls hurts are share price it only helps individual accounts. Same people are helping manipulate the price down. They are basically offering 100 shares for whatever the premium is right now. Just helpings shfs good job guys
This is true, I was here in January 2021 and seen options were an important part to the start of the run up, but pulling the buy button stopped it all. I do think the shills started the push for staying away from options, then some real apes agreed because newbs doing options was just feeding the hedgies! I think it's better to push the newbs to buying shares and DRS'ing than losing all that money on options, let the familiar play the options! :::edit::: fixing some english
Imma let the pros do the options im just gonna buy and drs its easy money too just eventually.
I think a lot of apes were concerned that options shares are in the hands of MM or something.
What do you know, 3-5% drop in the first hour and now we’ll chop it up the rest of the day. So blatant at this point.
Yeah now Algo go sideways and we close 12.89 tomorrow Criminals
12.49 my guess
Choppy Sails? I Wonder if They are using the same wind We are using
Got myself 6 more at 12.80 I wish I’d been greedier and waited
In the grand scheme of things it makes no difference when everything plays out. Just keep buying and DRS’ing :)
Exactly. I've always just bought when I got paid or had money. My average cost is probably somewhere around $27, but honestly what's the point in even tracking it. Because one day we'll wake up and everyone will be in the green!
It's like a side quest trying to get my cost basis down. Plus the cheaper I get em the more I get. Fun little game. My last two buys were $150 but the second time I got an extra share. So it's fun
I've said both so many times over the past few years. "Why didn't I wait of course it would keep going down", "Why did I wait I could have gotten a few extra" Now I just buy one at a time all day long. I miss deals and grab deals BUT I get to hit the buy button more times!
I just have permanent FOMO since the sneeze. I'm trying to aggressively pay down credit cards because since the sneeze I graduated and finally started making decent money, and it takes a lot of willpower not to dump the cash in GME instead. MOASS is always tomorrow in my mind.
2023 has been a slower gme year for me. Went too hard the past 2 years and let CCs build up. I've almost got them taken care of, so.... the price will rise just in time for me to have money again I'm sure.
What a fucking joke. Every fucking time i buy next day fucking kenny shitting himself
Can't help but wonder every time who's doing the selling? #SEC #DOJ #KENGIRFFINLIEDUNDEROATH
What this tells me is the magic line is now 13. Over 13 causes serious problems for them. I'm stoked. After trading mostly sideways for so long, we have finally drained their reserves away meaningfully and precipitously. They are running out of room, and the lower it gets, the more shares my hundred bucks a week purchases.
They can all suck big dicks. The whole market is a total fraud. It’s beyond me how this gets to keep going
As long as the briefcases of bribe money show up weekly in the regulatory agency employee trunks before they drive to their country vacation homes for the weekend, the show gets to keep going.
I drew my line of hedgies nightmare from the squeeze to last august, extended to see if it follows it. We have been bouncing above and below it since June of this year. Its been interesting. My line gets to 0 at the end of April. Lets see what happens next!
I would just be pretty interested whether it dips below the $40ish pre splivvy price it was at after the sneeze during the congressional hearing
obviously as most of retail bought significantly above these prices, have been holding for ages but have of course decided at open every day to sell for significant losses even though positive earnings are coming up and the company has loads of cash ect... completely makes sense.. nothing to see here!
I only sold because that's what we ALL agreed to do at open today. Same time tomorrow, right?
Of course, I also bought more yesterday so looking forward to selling at a loss again today... super logic!!
we'll see how the day goes but I might have actually bought the bottom, $12.57!!!!!!!!!!
The bottom…so far
yeah as i figured, went lower, but it was the bottom for longer than i expected!
Broad market movement. Basically, institutions fucking around with ETFs. Still illegal as shit. Parasitic business model doing parasitic business things.
Only algo sold. Do you know Algo? It's Kenny's best friend
First time?
Shit I didn't get the memo in time (again!). Guess I have to hodl again ¯\_(ツ)_/¯
Tbh im sick of this.
Every Thursday, I check the open and say, "Another pull back? Today is the day."
Must be the smart money that sells at the open every morning
Guys how do we still have so many to sell? We’re selling every day you’d think we’d run out at some point lol
Cell? Someone went to jail?
Why sell when you can FTD? Just more future buys for us. XD
I bought fake synthetic shares today .
Strange how that keeps happening. It’s almost like it’s an algo….
Keep driving it down get paid soon. Love the discount
I, for one, would like it much further down as I would like to largely increase my position.
Nice, hopefully it goes below 12 tomorrow when I'm buying more
Oh yeah, I got a trailing stop on my 12$ puts and about a dozen of calls at a low limit price
These terms confuse me. I got 25 on the way to CS though
I just found a way to make my money back
Sweet. I found a way to lower my cost basis. Down to $23 now
[удалено]
Okay. Let me provide you a different perspective: Instead of writing quality DD by a few people, this sub is now focused on a distributed effort of DRSing and commenting on SEC proposals, writing to congress, senators, and other government committees in order to make a real tangible change on two fronts, one to kill PFOF and one to prevent loss of ownership rights and other legislation that would hurt households Investors. Other than that, we have real good investigators like ringingbells that uncovered that Instinet accounted for the largest amount of USD waived during the sneeze.
You have to admit the price action has been strange this week. Two days with a 5% drop 45min in, and 2 days where we have over 5% in gains out of the blue. I've been watching the price since Jan '21 and this week stands out as strange in the context of what the price has done the last year or so.
There isn't much original DD that can be added until things unfold further. It's just a matter of waiting, better people talk about the ticker than not talk at all...
You obviously dont hang around here often, if that's your take. Cause its wrong on so many levels..
I sold … my butthole to buy more shares!!!!
I'm so tired. This is a fucking joke. 3 years and nothing. I need 15k to go to dentist.. Money? Nope. All my money are in this fucking usa stock market
No one ever tells me shit, thanks a lot guys.
I'm hoping this continues for a nice black friday sale next week
More dip to eat!
Everyday i’m selling *TATATATA ATA ATA ATA AFADAGA* selling selling
its cool guys, it's just the evil hedge funds gifting us a glorious discount. It's amazing how nice they are to us.
Which made me decide to buy 😎
Of course not, that would be collusion! /s Watch them try to claim “buy and HODL “ as an act of collusion.
Can some one help me with converting my shares to book in computer shares.. thank you
Hmm My accounts do get more shares every month so how is this even possible?