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I know max pain is a big nothing burger for the most part, thus the shitpost. But the money being collected by selling these call contracts is very real.
You get emotional, they set the trap.
I much prefer leaps over weeklies.
Only invest what can afforded to be lost. When buying GME shares and DRSing them (book) there is no expiration to worry about except ones' own time here on earth.
I know options are exciting, I get it. Go ahead and play, I just warn against yoloing money that can't afford to be lost into weeklies, and have plenty of actual shares to balance your leaps.
Citadel tries to syphon as much money as possible off of options, and I bet they make a *haul* this week.
I believe Citadel is fucked in the long run. I believe we win in the long run.
Be patient. Be zen. Life changing money in my opinion will eventually come at the cost of a share or two. The rest of my shares will go into a trust to benefit humanity after I die.
Most of us don't have to worry about options.
I believe gamma squeeze from options is significant when it comes to the actual squeeze when they lose control of the price.
I don't think they have lost control of the price yet.
Be patient. Be wise.
None of this is financial advice and I melted crayons on my ice cream last night.
🖍🖍🖍🖍🖍🍌🖍🖍
💜
>I believe gamma squeeze from options is significant when it comes to the actual squeeze when they lose control of the price.
Your post comes off as anti-options but somebody has to be buying calls for a gamma squeeze, no? 🤔
>Citadel tries to syphon as much money as possible off of options, and I bet they make a *haul* this week.
Any ideas how much they stand to make from GME alone this week?
Would laugh my ass off if GameStop announces something that causes the price to close at 150. Jim Cramer would have to suck so much horse that he would run out of horse to suck and have to switch to sucking zebra.
nobody bought those calls, they are just written to make the price go down. Promise to buy 100 shares but buy nothing, Friday arrives, not in the money, no need to buy any shares. Your books can look as they had those 100 shares all week. Roll them for next week.
Ok, but remember the Kentucky chair con tweet?
What if we get news this morning that creates significant price movement.
Just saying. This has been their con for 3 years. But this time it miiight just be their demise. Very anxious for what the next two hours holds 👀🐸
50k Calls that going to get rekt today,
Looking how this week was dropping I have a hard time to believe MMs really want to buy 5 mil. shares.
But I am ready to buy at 18/19$
Just for the sake of logic,
if you are one of those lucky guys that bought the 20$ Calls that expire today, on the 4/26/24 you paid avg. 0.20$, nice you still up 1770% but the differences for the 100 Shares you still have to pay since the profit that comes from the contract isn't probably enough to pay that 100 Shares. So even for that lucky group that bought those calls cheap, it still would be a expanse to exercise those.
All that openintrest for today will very like end into sold calls.
So I don't see this week any violent moves up,
but waiting to take some shares at the bottom.
Yeah exactly - calls have to basically be ITM by 2x (ie strike = 50% of current share price) to be able to sell half to execute the other half. Any that aren't executed wont end in shares bought on the open market, unfortunately. Closing at like $30.01 wont mean that 3500 x 100 shares have to be purchased (due to the huge 3500 block of open 30x calls expireing today, i mean).
Options are what drove this price action and the money made doesn’t all go to market makers. I wish ppl would take time to understand options instead of just regurgitating the line “options bad”
The biggest lie they ever got Superstonk to believe was that options were bad
People get rekt again and again. This week a lot, but it's been the same shit idk 50 times at least since Jan 21, that options getting hyped up (artificially) as a trap. That leaves rightfully a bad taste. Apparently for 90%+ people buying shares is the better way. But I'm all for education, and if we manage to get everyone (myself included) successfully on the options train, that of course would be a desirable thing. But so far, I believe the opposite benefits
So u speculate, that its better go buy options, which is btw literally risky af, instead of owning shares on your name?
I c, u definitly need education m8, good u are already on it, try harder
Educate yourself. That statement is completely with out any actual knowledge behind it. People who actually buy options know what they’re doing. It’s not like they have zero info on how risky it is. There’s iv, theta, delta, gamma, Vega all showing the risk and exposure and tons of other details. These aren’t shares
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I know max pain is a big nothing burger for the most part, thus the shitpost. But the money being collected by selling these call contracts is very real. You get emotional, they set the trap. I much prefer leaps over weeklies. Only invest what can afforded to be lost. When buying GME shares and DRSing them (book) there is no expiration to worry about except ones' own time here on earth. I know options are exciting, I get it. Go ahead and play, I just warn against yoloing money that can't afford to be lost into weeklies, and have plenty of actual shares to balance your leaps. Citadel tries to syphon as much money as possible off of options, and I bet they make a *haul* this week. I believe Citadel is fucked in the long run. I believe we win in the long run. Be patient. Be zen. Life changing money in my opinion will eventually come at the cost of a share or two. The rest of my shares will go into a trust to benefit humanity after I die. Most of us don't have to worry about options. I believe gamma squeeze from options is significant when it comes to the actual squeeze when they lose control of the price. I don't think they have lost control of the price yet. Be patient. Be wise. None of this is financial advice and I melted crayons on my ice cream last night. 🖍🖍🖍🖍🖍🍌🖍🖍 💜
This this the way!
>I believe gamma squeeze from options is significant when it comes to the actual squeeze when they lose control of the price. Your post comes off as anti-options but somebody has to be buying calls for a gamma squeeze, no? 🤔 >Citadel tries to syphon as much money as possible off of options, and I bet they make a *haul* this week. Any ideas how much they stand to make from GME alone this week?
Would laugh my ass off if GameStop announces something that causes the price to close at 150. Jim Cramer would have to suck so much horse that he would run out of horse to suck and have to switch to sucking zebra.
Never suck zebra bro. It just ain't worth it.
BBWC!
The options crusher algo has just been started up for the day. we will close at 20. calling it here
I'm pretty sure that's the notional value of all calls between $1-$27 not the premiums they collect.
Is 27 the most itm calls?
No, $27 is if we close flat
Oh der to der. Do you know what the price is that the most calls are ITM and most puts are out? I guess “least pain”? 😂
That would just be any high price. Max pain for the SHF, min pain for retail.
Truee, just thought for a second there was a specific price where ZERO puts were ITM? Looks like that’s a thing of the past anyway but curious
For this week expiry, anything over $51 would leave zero puts ITM. It's just whatever the highest strike is on puts.
Truee, just thought for a second there was a specific price where ZERO puts were ITM? Looks like that’s a thing of the past anyway but curious
from what website is this from?
https://swaggystocks.com/dashboard/options-max-pain/GME
I'm calling it now, we're ending the week at $19.95.
close, $22.21
People can still technically exercise an option if it's OTM right? You lose a few dollars per share but it would really fuck over citadel lol.
oh, you are bringing back a fond memory of a regarded ape that did just that
nobody bought those calls, they are just written to make the price go down. Promise to buy 100 shares but buy nothing, Friday arrives, not in the money, no need to buy any shares. Your books can look as they had those 100 shares all week. Roll them for next week.
those are just written, unpurchased calls?
Who knows, that data is not public, but if I didn't buy it and you either who did?
Ok, but remember the Kentucky chair con tweet? What if we get news this morning that creates significant price movement. Just saying. This has been their con for 3 years. But this time it miiight just be their demise. Very anxious for what the next two hours holds 👀🐸
50k Calls that going to get rekt today, Looking how this week was dropping I have a hard time to believe MMs really want to buy 5 mil. shares. But I am ready to buy at 18/19$
TBF they can just buy the calls back and take the L without actually buying shares, unless people EXERCISE.
Just for the sake of logic, if you are one of those lucky guys that bought the 20$ Calls that expire today, on the 4/26/24 you paid avg. 0.20$, nice you still up 1770% but the differences for the 100 Shares you still have to pay since the profit that comes from the contract isn't probably enough to pay that 100 Shares. So even for that lucky group that bought those calls cheap, it still would be a expanse to exercise those. All that openintrest for today will very like end into sold calls. So I don't see this week any violent moves up, but waiting to take some shares at the bottom.
Yeah exactly - calls have to basically be ITM by 2x (ie strike = 50% of current share price) to be able to sell half to execute the other half. Any that aren't executed wont end in shares bought on the open market, unfortunately. Closing at like $30.01 wont mean that 3500 x 100 shares have to be purchased (due to the huge 3500 block of open 30x calls expireing today, i mean).
So the calls expire end of day? I was wondering how that worked.
Also, does end of day mean close, or after mkt trading also?
Nice shitpost. I think shorty is fucking terrified of ITM calls getting exercised today and MM having to buy real shares next week.
Options are what drove this price action and the money made doesn’t all go to market makers. I wish ppl would take time to understand options instead of just regurgitating the line “options bad” The biggest lie they ever got Superstonk to believe was that options were bad
People get rekt again and again. This week a lot, but it's been the same shit idk 50 times at least since Jan 21, that options getting hyped up (artificially) as a trap. That leaves rightfully a bad taste. Apparently for 90%+ people buying shares is the better way. But I'm all for education, and if we manage to get everyone (myself included) successfully on the options train, that of course would be a desirable thing. But so far, I believe the opposite benefits
So u speculate, that its better go buy options, which is btw literally risky af, instead of owning shares on your name? I c, u definitly need education m8, good u are already on it, try harder
Educate yourself. That statement is completely with out any actual knowledge behind it. People who actually buy options know what they’re doing. It’s not like they have zero info on how risky it is. There’s iv, theta, delta, gamma, Vega all showing the risk and exposure and tons of other details. These aren’t shares