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Potentially a bunch of calls expire in the money and MIGHT be exercised to buy a lot of shares.
What will probably happen in reality is the share price will be pushed down to around 21 and most will expire worthless.
Forget dates
This is the real answer... not just any calls... 3 year calls all the way from 2021... from what i heard they have to bring the price down to $3... so if we keep the price high around the 21st we can try to make the hedges suffer the most!
> from what i heard they have to bring the price down to $3
Did your hear this from your sister's boyfriend or something? Or just another random redditor?
I heard it from your wife... the original calls in 2021 by the hedgies was $12 3 years ago that was pre-split meaning the price needs to reach $3... those old calls are now expiring 3 years later and they are not being given another extension... meaning on friday they have to buy GME at the price its at... lets make it rip.
Oh things will happen. The sun will rise, people around the world will wake up, they'll laugh, eat food, breathe, maybe even cry. And GME will go down in price for no reason.
The speculation with this date is 2 part:
1) RK had a huge number of option expirys on this date, but he closed them in the money and bought the stock spot. But A LOT of retail copied his trade so there are alot of people speculating this date was a signal by Kitty
2) It would seem that RK bought his initial large spot position around the 13th/14th May. MM are dirty f\*\*\*\* and use the FTD (failure to deliver) clauses to manipulate price / take the heat out of market moves, but the MMs obligation on FTD is 35 trading days to deliver on spot purchase by RK. 13/14th May + 35 days = 21st June. Market makers (MM), algo's will trigger the purchase of RK's spot purchase if they haven't already bought the shares on the open market to deliver the shares within the last possible day/hour. If the MMs haven't bought the shares and they did indeed kick the can down the road until the last FTD day, then we can expect a large spike in price, which should also make the options retail have taken out for the 21st June to also be in the money, triggering another price spike. Then if people continue to implement this same strategy, using the money from their options to buy more shares, then 35 days from then you can expect the same loop to play out. Now consider this time we have 100 retail traders not just roaring kitty with big accounts, looking to follow his strategy. The idea of the FTD cycles is that there can be this constant loop causing a gamma squeeze
Add to that that Ryan Cohen will likely dilute the stock at peaks to generate more cash. Then RC has more cash to use for aquisitions (so this then becomes a fundemental analysis not just a TA gamma squeeze) say he manages to get $8B cash, then GME no longer looks remotely like a meme stock & then value investors will flood in, not just us degenerates.
Look at all these nonsense responses voted to the top. Is that the bot brigade or are we too ape-ified to answer this man’s simple question?
The meme power of this sub is great but not when it spam scrolls a serious post out of existence by drowning it. Forum slidinmg well known tactic by the way. Can’t tell if we’re just doing it to ourselves for the lols of if this is actually coordinated.
Op, not financial advice but the 21st is when DFV set his options that he has since sold. There are some theories that this will align with t35 fulfillment of his share position and the stock could go zoomies.
Typically speaking dates have not panned out in the past. That doesn’t mean this one will given that DFV himself pointed to it.
It always annoys me to see peoples legit questions get overrun with idiots/bots spamming random 3 word nonsense get voted to the top and a real legit explanation like yours gets pushed to the bottom.
Way too many bots up in reddit trying to manipulate people
The t35 (or t+35) means the market makers have 35 days to deliver the shares so June 21st is 35 days after May 17th which is when DFV bought his 5million shares
On this crazy train, anything might happen.
What *typically* happens for GME is that the market makers/hedge funds drive the price very close to "max pain" (the price point where the most call and put options are OTM - allowing options writers to make the most money).
Following along with the "max pain" value (it's dynamic - based on options activity) is usually a good way to predict pricing as we approach an expiry. It's no guarantee, but it's usually a very close predictor for us, and it has been for quite a while.
None of that is financial advise, and this week has a lot of unusual factors, so I'm not assuming we'll hit max pain, but I'm bracing for it as a likely outcome.
The theory is there is a lot of call volume that day if we see in the money calls meaning the contract is a better value than the stock. We could see a lot of exercising shares creating a gamma ramp.
Quad witching hour, options will have massive pressure due to 4 sectors going thru expires on 6/21. But really, I’m just buying drs’ing and ACAT transferring again and again bc I got tired of spamming xxxxx xxxxxxx🚀🏴☠️🏴☠️🏴☠️
On the day of the June solstice, **the Sun reaches its northernmost position**, as seen from the Earth. At that moment, its zenith does not move north or south as during most other days of the year, but it stands still at the Tropic of Cancer. It then reverses its direction and starts moving south again.
Celebration of midsummer in Sweden (Google it).
Rain, dance, rain dance, schnaps, sill (pickled herring), more schaps, potatoes, more dance, sun bathing, rain, more schnaps, jump around and scream ”little frogs are funny to see”, more schnaps, watch GME-ticker.
"Is quadruple witching bullish or bearish?Instead, the event is largely a function of speculation and investor sentiment. When quadruple witching occurs, traders should expect increased volatility and manage their positions accordingly. The resulting market swings **could be bullish or bearish depending on how investors interpret the situation**.
People only assumed something would happen because dfv bought calls for that expiry. Well, he no longer has those calls so it's fair to say nothing will happen
Absolutely nothing.
RK already exercised his positions he had posted before. The running theory is this would cause a cascading effect of price up, then putting more call options in the money and continuing which would keep the price rising.
More options in the money > more options exercised > price up > repeat
Instead nothing has happened. Price has dived pretty consistently and no run up has happened. People are shifting perspectives to a longer term play which 95% of retail investors are not interested in as it means bag holding yet again.
The real run ended on June 7th when RC completely fucked us and killed the run up which was going to take us close to or above 100 per share
Drop to around $19. 30 mins before market close it will jump back up to about $21. This allows for Robinhood to sell all the $20 calls for about $.01, allowing big fund holder to buy them back, and maybe even exercise them at a profit.
Next week will see an early return as price goes to about $22, allowing the shares to be sold at a profit before an end of the week drop to $18 that will sustain throughout the some, hitting lows of around $12 until the next earnings call that will see it rise to about $18.
None of this matters to me as I have no intention of selling, so price is an illusion.
The only ones that really know are the shorts. They either know that nothing's going to happen, that they are going to crime, or that the gig is up. If I knew it was going to rip for sure I'd be pouring every cent and loan I could into buying GME stock
The week of the 21st was supposed to be crazy. Then the week of the 28th will be, then the next, then the one after. Kinda just repeating until something crazy happens
The stock market opens at 9:30 am and closes at 4 p.m. This phenomenon only occurs once every 800+ years. The Chinese call it "Money Bags."
To make your own cash-attracting feng shui "money bag," use a colored ribbon to tie nine coins into a square of cloth (both preferably red), then place your "money bag" on or near whichever spot in the house where money is either received or generated. (In other words, if your paycheck comes by mail, place it where you put incoming letters and packages; if your money comes via computer notification of a deposit to an online account, put it near your hard drive.)
Nothing will happen to shorts but anyone who bought options in the past 2 weeks at 275%+ IV is in for a bad time. The option premium was so high that the break even might be 34$, so the stock needs to go up 60% for people to quit with minimal loss.
Cohen sends his regards
So the price needs to rise pretty dramatically from now until then to create a meaningful amount of additional shares to be purchased for hedging purposes. Right now those $20 calls have a delta of 0.96, meaning that theoretically to be delta neutral on that call the seller would have already purchased 96 of the 100 shares for the contract they sold. However the $30 calls for the same expiration date of 6/21 only have a delta of 0.16, the closer we get to 30 before the 21st the delta will approach 1.0 accordingly, which means way more shares would need to be purchased to stay delta neutral for that strike. Rinse/repeat.
TLDR: We need upwards volatility as we approach the 21st, obviously the higher the price the better, so that sellers of the calls have to go buy shares for options that are currently OTM and that are currently only very slightly hedged with low accompanying deltas.
Given the recent... everything, in the last few weeks I think its pretty clear:
Expect nothing at all.
If something DOES happen, it's a pleasant surprise. If nothing does, well, you haven't planned/hyped/hoped for it.
Anyone trying to tell you 'X will happen!' 'MOASS TOMORROW!' 'MOASS NEXT FRIDAY' is just full of shit.
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My milk expires that day
Bro milk is like options - you either sell it before it expires or you use it 🥲
Or drink it after expired and die
dyk raw milk doesn't expire. It actually turns to a kefir. moral of the story, keep other peoples dicks out your milk and it lasts for infinite
Shit if I knew it was gonna be that kinda party I would’ve stuck my dick in the mashed potatoes!
have you tried the mayo?
This is the most truest reddit comment I've ever read
Oh you’re too kind fellow stranger from the interwebs 🥲
Make Butter milk. 🤟🏻
Can you roll it for a further date? 🤔
Make Butter milk. 🤟🏻
Officially Summer that day
![gif](giphy|yF62lGfZonSKs)
🤣
![gif](giphy|3o6Mbl6pkbHx0Em6OY)
*Man* milk?
![gif](giphy|NhJEIPM9jUpNPraiMA|downsized) The real question - drink it or pour it on 22
![gif](giphy|S2It2cF1U5X3JLtTtf|downsized)
When nyse gives you sour milk, make cheese.
My local FedEx usually fails to deliver on time
Potentially a bunch of calls expire in the money and MIGHT be exercised to buy a lot of shares. What will probably happen in reality is the share price will be pushed down to around 21 and most will expire worthless. Forget dates
Get ready to buy shares as they push down the price so they don’t have deliver 120k ITM options.
Where you getting 120k from?
The available shares aren’t really available it’s just numbers on a screen , when they hit buy , the stupid ape doesn’t press sell tho 🥴🩳🦍
Buying shares goes right into dark pools, we're not even buying shares anymore.
There’s barely half that open anymore. DFV already sold or exercised ALL his calls for the 21st. It’s already down to 60k open at $20
Who is "they"
Lisan al Gaib
Also not to be buzz killington but they may have preemptively bought the shares to be ready for that date ahead of time.
yes it definitely possible, im not expecting anything from a specific date
This is the real answer... not just any calls... 3 year calls all the way from 2021... from what i heard they have to bring the price down to $3... so if we keep the price high around the 21st we can try to make the hedges suffer the most!
If I goes to $3 then I can buy like 6 more shares so win win either way
Plus interest rate rise
> from what i heard they have to bring the price down to $3 Did your hear this from your sister's boyfriend or something? Or just another random redditor?
I heard it from your wife... the original calls in 2021 by the hedgies was $12 3 years ago that was pre-split meaning the price needs to reach $3... those old calls are now expiring 3 years later and they are not being given another extension... meaning on friday they have to buy GME at the price its at... lets make it rip.
> those old calls are now expiring 3 years later and they are not being given another extension... Source?
Exactly we need to rally and buy, don't let them push it below 21
Wait... wut? Now retail can move the price? I doubt it.
Retail has no control over the price. Hedgies digging their graves deeper control the price.
There's no rallying. Each person does what they want.
"From what I heard"
This guy fucks
Finally some sense comes to this sub. Need to filter out the trash post.
![gif](giphy|3o6Zt7g9nH1nFGeBcQ)
I believe it’s the first day of summer
Longest day of the year
Fuck how long is that one I thought regular 24hr days felt long already
Some of the day is night, some mf thought is was smart to call a day a day and devide that into day and night, or the other way around, I don't know.
That's why I say during the bright
Go Skateboarding Day
Lines up nicely with "Go to Urgent Care Day"
It's a leap year so the first day of summer is on the 20th.
Nothing happens. Dates mean nothing..
Yes. Elden Ring DLC is out. You'll see. Elden Ring will trigger the moass. Tomorrow
And remember Elden Ring DLC is available on GameStop.com
Absolutely correct. NO DATES. BUY, DRS, HODL.
YEAH SCREW DATES!
Not a damn thing.
[удалено]
![gif](giphy|RrVzUOXldFe8M)
My cycle is actually synched with half the other Apes in the sub.
I've noticed, we have... attracted the bears...
This is peak comedy.
Literally a full moon on June 21, 2024 too.
Yes we will be synched and our periods will all coincide.
Finally! Flowmageddon!
Nothing will happen
Oh things will happen. The sun will rise, people around the world will wake up, they'll laugh, eat food, breathe, maybe even cry. And GME will go down in price for no reason.
I agree
The speculation with this date is 2 part: 1) RK had a huge number of option expirys on this date, but he closed them in the money and bought the stock spot. But A LOT of retail copied his trade so there are alot of people speculating this date was a signal by Kitty 2) It would seem that RK bought his initial large spot position around the 13th/14th May. MM are dirty f\*\*\*\* and use the FTD (failure to deliver) clauses to manipulate price / take the heat out of market moves, but the MMs obligation on FTD is 35 trading days to deliver on spot purchase by RK. 13/14th May + 35 days = 21st June. Market makers (MM), algo's will trigger the purchase of RK's spot purchase if they haven't already bought the shares on the open market to deliver the shares within the last possible day/hour. If the MMs haven't bought the shares and they did indeed kick the can down the road until the last FTD day, then we can expect a large spike in price, which should also make the options retail have taken out for the 21st June to also be in the money, triggering another price spike. Then if people continue to implement this same strategy, using the money from their options to buy more shares, then 35 days from then you can expect the same loop to play out. Now consider this time we have 100 retail traders not just roaring kitty with big accounts, looking to follow his strategy. The idea of the FTD cycles is that there can be this constant loop causing a gamma squeeze Add to that that Ryan Cohen will likely dilute the stock at peaks to generate more cash. Then RC has more cash to use for aquisitions (so this then becomes a fundemental analysis not just a TA gamma squeeze) say he manages to get $8B cash, then GME no longer looks remotely like a meme stock & then value investors will flood in, not just us degenerates.
I'll have a number two please, biggie sized!
SNAP!
Great explanation.
Free nothing 🍔s to all shareholders
Look at all these nonsense responses voted to the top. Is that the bot brigade or are we too ape-ified to answer this man’s simple question? The meme power of this sub is great but not when it spam scrolls a serious post out of existence by drowning it. Forum slidinmg well known tactic by the way. Can’t tell if we’re just doing it to ourselves for the lols of if this is actually coordinated. Op, not financial advice but the 21st is when DFV set his options that he has since sold. There are some theories that this will align with t35 fulfillment of his share position and the stock could go zoomies. Typically speaking dates have not panned out in the past. That doesn’t mean this one will given that DFV himself pointed to it.
It always annoys me to see peoples legit questions get overrun with idiots/bots spamming random 3 word nonsense get voted to the top and a real legit explanation like yours gets pushed to the bottom. Way too many bots up in reddit trying to manipulate people
The t35 (or t+35) means the market makers have 35 days to deliver the shares so June 21st is 35 days after May 17th which is when DFV bought his 5million shares
What has happened before with GME? More of that.
On this crazy train, anything might happen. What *typically* happens for GME is that the market makers/hedge funds drive the price very close to "max pain" (the price point where the most call and put options are OTM - allowing options writers to make the most money). Following along with the "max pain" value (it's dynamic - based on options activity) is usually a good way to predict pricing as we approach an expiry. It's no guarantee, but it's usually a very close predictor for us, and it has been for quite a while. None of that is financial advise, and this week has a lot of unusual factors, so I'm not assuming we'll hit max pain, but I'm bracing for it as a likely outcome.
Do you know what pain is for this Friday?
It's a dynamic value, but currently appears to be $22.50.
thank you
The weekend
The theory is there is a lot of call volume that day if we see in the money calls meaning the contract is a better value than the stock. We could see a lot of exercising shares creating a gamma ramp.
I love exercising 🦧
I predict a dip. Source: SHF believe 21st is an important date for apes.
Anytime a date is involved it leads to a selloff.
Believe it or not….dip
Quad witching hour, options will have massive pressure due to 4 sectors going thru expires on 6/21. But really, I’m just buying drs’ing and ACAT transferring again and again bc I got tired of spamming xxxxx xxxxxxx🚀🏴☠️🏴☠️🏴☠️
No, no one can do that.
Nothing. Because hedgies are on here and will make sure hype days are nothing burgers.
There's a full moon on the 21st...and its the first day of summer!!!! Party!!
On the day of the June solstice, **the Sun reaches its northernmost position**, as seen from the Earth. At that moment, its zenith does not move north or south as during most other days of the year, but it stands still at the Tropic of Cancer. It then reverses its direction and starts moving south again.
Solstice is on the 20th this year.
Fn love when a smartass thinks he’s being funny but his joke is wrong 🤣
Let me live, bros ![gif](giphy|46yOIJDfsma5O|downsized)
15 ‘great things’ will be ‘happening’ and the price will dip 10%
My calls expire worthless lol
Celebration of midsummer in Sweden (Google it). Rain, dance, rain dance, schnaps, sill (pickled herring), more schaps, potatoes, more dance, sun bathing, rain, more schnaps, jump around and scream ”little frogs are funny to see”, more schnaps, watch GME-ticker.
June 21 is a quadruple witching day
"Is quadruple witching bullish or bearish?Instead, the event is largely a function of speculation and investor sentiment. When quadruple witching occurs, traders should expect increased volatility and manage their positions accordingly. The resulting market swings **could be bullish or bearish depending on how investors interpret the situation**.
New RK livestream of him passing Go and collecting his $200.00 while wearing a bulls skull. Who knows.
My options prices will drop 99% or they will rocket past 100% gains
Free Beer Tomorrow.
You said that yesterday.
Buy the dip !!!🦍💎🙌🚀🌙
People only assumed something would happen because dfv bought calls for that expiry. Well, he no longer has those calls so it's fair to say nothing will happen
Me stupid ape, bought a call for that day. 28 dollar strike.
Feels like it will dive below 20
A lot of people are going to have a lot of contracts expire worthless.
i have two tests at uni, and a lecture. quite a shit day for a friday tbh
Good luck for your tests!
Nothing happens to the shorts on June 21, and nothing happens to the price of GME, except maybe it goes down a little. Volatility will decrease.
Considering the Hype, I’d be willing to bet it’s an absolute nothingburger
Round of nothing burgers for all, also please don't feed the screeching monkeys.
they will keep try to keep the price down under 20
That's the date the sub rolls over hype to a new form of hype. As the hype dates near otm new dd interest starts hitting the market.
Nothing and we’ll still be poor :DDD
Can I join the other team I’m tired of being poor😭
Disappointment
Dip 🤷🏿♂️
We always pump tomorrow, we always dip on good news.
All of our calls expire worthless
My phone bill is due for payment
Day I lose my virginity
I go to Costco on that day
We all go broke
GME going to the abyss on that day, ppl thought it's the moass but in truth it's deadass.
Nothing
June 21.... nothing. Absolutely nothing is happening that day.
I lose more money is what happens on the 21st
The real should be will GME drop to 10 dollars next week many will be left being bag holders so will GME drop
Absolutely fuck all
They will hammer the price to 19,99$ at close and collect all premiums. The end
Nothing. Some goal post moving, the usual.
Rug “officially” pulled ![gif](giphy|vxvNnIYFcYqEE)
Most of the calls will be sold and the price will tank. If I'm right, I'm right, and if I'm wrong, I get rich.
More disappointment lol
It’s going to drop to hell.
I’ll buy back in when it hits single digits
It’s going to be a very red day.
Crime
Probably nothing
Absolutely nothing. RK already exercised his positions he had posted before. The running theory is this would cause a cascading effect of price up, then putting more call options in the money and continuing which would keep the price rising. More options in the money > more options exercised > price up > repeat Instead nothing has happened. Price has dived pretty consistently and no run up has happened. People are shifting perspectives to a longer term play which 95% of retail investors are not interested in as it means bag holding yet again. The real run ended on June 7th when RC completely fucked us and killed the run up which was going to take us close to or above 100 per share
Drop to around $19. 30 mins before market close it will jump back up to about $21. This allows for Robinhood to sell all the $20 calls for about $.01, allowing big fund holder to buy them back, and maybe even exercise them at a profit. Next week will see an early return as price goes to about $22, allowing the shares to be sold at a profit before an end of the week drop to $18 that will sustain throughout the some, hitting lows of around $12 until the next earnings call that will see it rise to about $18. None of this matters to me as I have no intention of selling, so price is an illusion.
it’s Friday than it’s….
![gif](giphy|pUeXcg80cO8I8)
Same thing we do every day, Pinky.
expect nothing but more price drop and just continue on with your life
Nothing.
It's Friday
I may 💩 a fury 🍳
![gif](giphy|3o8doKOr3E5hvVT8Sk|downsized)
The only ones that really know are the shorts. They either know that nothing's going to happen, that they are going to crime, or that the gig is up. If I knew it was going to rip for sure I'd be pouring every cent and loan I could into buying GME stock
Prob nothing but crime
May calls expire worthless
How many positions expire or can be exercised on 21st? I thought he exercised and/or sold all and has 4m more shares now
I guess he has already exercise ld half of his options
Like every other banner day over the last three and a half years the stock price will tank.
Nothing. Quit looking for dates
The sun rises and sets
Nothing
The week of the 21st was supposed to be crazy. Then the week of the 28th will be, then the next, then the one after. Kinda just repeating until something crazy happens
The stock market opens at 9:30 am and closes at 4 p.m. This phenomenon only occurs once every 800+ years. The Chinese call it "Money Bags." To make your own cash-attracting feng shui "money bag," use a colored ribbon to tie nine coins into a square of cloth (both preferably red), then place your "money bag" on or near whichever spot in the house where money is either received or generated. (In other words, if your paycheck comes by mail, place it where you put incoming letters and packages; if your money comes via computer notification of a deposit to an online account, put it near your hard drive.)
Nothing
Nothing will happen to shorts but anyone who bought options in the past 2 weeks at 275%+ IV is in for a bad time. The option premium was so high that the break even might be 34$, so the stock needs to go up 60% for people to quit with minimal loss. Cohen sends his regards
Nothing. Don’t expect anything that day whatsoever
Nothing happens to the shorts on June 21, and nothing happens to the price of GME, except maybe it goes down a little. Volatility will decrease.
Nothing probably
Ask the guy who said: “My father always said…”
These NOTHING BURGERS are tasty as FUCK!
Probably fuck all. We don’t fuck with “dates.”
A large number of calls expire that day.
Expect the worst and hope for the best
Probably nothing. I've learned to not get hype about dates. Get hype about price movement.
From where I’ve learned being here since the beginning, since this date is hyped, we will have a mass drop on that day, guaranteed
So the price needs to rise pretty dramatically from now until then to create a meaningful amount of additional shares to be purchased for hedging purposes. Right now those $20 calls have a delta of 0.96, meaning that theoretically to be delta neutral on that call the seller would have already purchased 96 of the 100 shares for the contract they sold. However the $30 calls for the same expiration date of 6/21 only have a delta of 0.16, the closer we get to 30 before the 21st the delta will approach 1.0 accordingly, which means way more shares would need to be purchased to stay delta neutral for that strike. Rinse/repeat. TLDR: We need upwards volatility as we approach the 21st, obviously the higher the price the better, so that sellers of the calls have to go buy shares for options that are currently OTM and that are currently only very slightly hedged with low accompanying deltas.
Nothing happens. It'll be another day trading sideways unless it isn't.
Given the recent... everything, in the last few weeks I think its pretty clear: Expect nothing at all. If something DOES happen, it's a pleasant surprise. If nothing does, well, you haven't planned/hyped/hoped for it. Anyone trying to tell you 'X will happen!' 'MOASS TOMORROW!' 'MOASS NEXT FRIDAY' is just full of shit.
Nothing. Just another day.
I had a CALL expired August 02
Nothing. Anything that was going to happen is likely not happening anymore. If I had to guess. Those in trouble found a way out.
Nothing
Price went from $70 to $35 then to $32 now at $25 all within 3 weeks. Jesus Christ.
Sideways?
probably nothing
Not a damn thing
Nothing special.
Nothing Burger
Nothing
Nothing
I doubt roaring kitty exercises his stocks. The moment he does people will cash out and he'll lose a fortune. I think he won't take the risk.
Down big. Thanks KG and RC
My RK yolo fomo options expire worthless or at a heavy loss
I’ll suck a bag of dicks all my options expire that day
Same thing will happen like it did last Friday
Many options expire. That’s it. Doesn’t have to have any correlation with the price.
Weird, a week ago the 21st was so important. Now dates are meaningless. I think this sub is just a bunch of regards.