re: So I bought some Gamestop(GME)

Look at the open interest in ATM calls at the current AH price. Nobody is in those contracts yet it's incredible how high the dealers can take it that fast.

Looks like either

(1) Bots are out in full force to divert from $GME towards $AMC; or

(2) There is an actual trend towards $AMC away from $GME

Perhaps there is a (3) - that a bunch of late-to-the-game retail investors are looking for the next 500% gain. Here' shopping for a lot of diamond hands tomorrow.

WSB Chairman Twitter (read comments)

Definitely gets amplified in AH trading

Elon tweeting was the AH surge

quote:

---

Honestly this isn't really WSB driving this anymore. Big money has stepped in looking to punish Melvin and now Citadel.

---

This is 100% true, but the narrative has been set, and I'm already seeing posts all over the internet (whether real or astroturfed) that r/WallStreetBets needs to be shut down by the SEC due to presenting too large of an opportunity for collusive activity. Knowing what we know about Reddit, it would take exactly 0% pressure from the Feds for them to close the sub (and r/investing and r/personalfinance and r/dogecoin) and permaban the most active participants.

They are priced at a break even of 67 next Jan. Seems like that could be a reasonable price for the stock once it settles if GameStop capitalizes on this opportunity? Idk not worth it IMO.

This thing is going to POP big AH tomorrow. We get updated data on short interest. It’s going to be even more short than we are thinking.


The data is up to 1/15, so well before the truly insano run. Retards will take as the squeeze not even beginning yet without realizing the numbers are 2 weeks old and the pump will be even more on.


I actually don’t think the real squeeze has started, but I wouldn't be surprised if short interest is a tick down from where we were on 12/31 due to some small fish capitulating between last friday and now. The numbers we're about to get won't capture that.


If I’m melvin I’m finding any and all dicks I need to suck to get those numbers to show that short interest is below 100%.

quote:

---

but couldn’t a guy make a TON of money by buying a bunch of Jan ‘22 PUTS? The squeeze can’t last forever and if someone were to buy up several $200 puts with a Jan 22 exp wouldn’t that pay out handsomely?

---

They could make some money, but keep in mind that they will have to pay handsomely. Only 19 of those contracts - GME Jan 2022 $200 puts - traded today. The high price paid was $137.00 or $13,700 for one contract.

Someone bought 9 of those contracts with less than 2 minutes before the market close and paid $123,300.00 with GME trading at $146. They would not need GME to get to $67.00 to break even on the trade, unless the person held it until the last seconds of trading on January 21, 2022.

Let's say that GME is trading at $100.00 tomorrow. The options would be profitable for the above buyer and they could close out the entire position.

That is definitely big boys shilling to make people who want to get into GME decide to get in on the "ground floor" of the next GME.


This ain't investment advice, and AMC/BB/et al may certainly moon in the coming days/weeks, but GME is the next GME.