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re: What happens if there are no stocks available to fill Keith Gills options?

Posted on 6/5/24 at 9:02 pm to
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 6/5/24 at 9:02 pm to
Is it the MOASS or is it a company you want to buy and hold because it is undervalued?

You seem to like it fundamentally but your arguments usually amount to MOASS instead.
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 6/5/24 at 9:03 pm to
quote:

maybe he is showing how he made a boat load of money for other traders to use on other stocks when the market continues on as normal and nothing changes. Use the same strategy going forward elsewhere =stock market dies


I don’t think I understand the argument.
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/6/24 at 10:48 am to
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28313 posts
Posted on 6/6/24 at 10:58 am to
Rumor is that he is sitting on close to $100 million in cash right now.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28313 posts
Posted on 6/6/24 at 12:40 pm to
Stock was just halted at $42. I'm holding until 200.
Posted by Diseasefreeforall
Member since Oct 2012
6770 posts
Posted on 6/6/24 at 12:52 pm to
In case anybody hasn't posted it, Roaring Kitty's doing a livestream on Youtube tomorrow at 11 AM.

Youtube
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/6/24 at 1:14 pm to
Anyone who thinks the market is fair and the market makers (some are also hedge funds) don't manipulate and fix the price with every freaking trick they can come up with, should compare the price movement of $GME and $AMC. AMC has done nothing to go up, but they and some other stocks often mirror GameStop because the lovely "totally not manipulating price" funds have them linked in an ETF and they short the hell out of AMC and others to take energy away from GameStop.

Will it work forever? Or, it it get stopped?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10546 posts
Posted on 6/6/24 at 5:31 pm to
Exchange guarantees the counter party risk. I saw it mentioned on here the market makers do this. I don’t believe this is accurate. I could be wrong, and I’m willing to learn if I’m wrong.

eta. I posted exchange, it’s probably OCC.
This post was edited on 6/6/24 at 5:34 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28313 posts
Posted on 6/6/24 at 5:55 pm to
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 6/6/24 at 7:05 pm to
quote:

Anyone who thinks the market is fair and the market makers (some are also hedge funds) don't manipulate and fix the price with every freaking trick they can come up with, should compare the price movement of $GME and $AMC. AMC has done nothing to go up, but they and some other stocks often mirror GameStop because the lovely "totally not manipulating price" funds have them linked in an ETF and they short the hell out of AMC and others to take energy away from GameStop. Will it work forever? Or, it it get stopped?


There isn’t a fact in this rant.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28313 posts
Posted on 6/6/24 at 7:11 pm to
Posted by kung fu kenny
Birmingham
Member since Sep 2017
1879 posts
Posted on 6/6/24 at 7:27 pm to
I am thinking about playing a put about a month out back around $30. Do y’all think this is going to drop back down like always? Or is it dumb to play with fire. Just seems a little too easy.
Posted by southernelite
Houston, TX
Member since Sep 2009
53508 posts
Posted on 6/6/24 at 7:30 pm to
quote:

they short the hell out of AMC and others to take energy away from GameStop.


AMC gets sold into a shelf offering every time.
This post was edited on 6/6/24 at 7:48 pm
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 6/6/24 at 7:42 pm to
It's up to $61 post market.

I threw some fun money on it today to go for a ride. Let's see what happens tomorrow.

*Unlike some here, I plan to sell.
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 6/6/24 at 8:21 pm to
quote:

Do y’all think this is going to drop back down like always?


Of course, but how high does it go in the meantime?
Posted by MusclesofBrussels
Member since Dec 2015
4863 posts
Posted on 6/6/24 at 8:46 pm to
quote:

There isn’t a fact in this rant.


Of course there isn't.

Are you familiar with this guy's little MOASS cult? They literally believe that if they spend all of their money buying and holding GME that eventually the price will shoot to over a million a share, which is greater than the total value of the entire US stock market, and that the government will "print" the money to buy their shares from them. It's all quite crazy.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/7/24 at 8:37 am to
quote:

Do y’all think this is going to drop back down like always? Or is it dumb to play with fire. Just seems a little too easy.


The implied volatility on GME is around 300% (crazy high). So if you’re buying a 30 strike put with a July 5 expiration, as of yesterday’s close, you’d pay about $550 for it. If the stock gets down to $24.50 by expiration, you’d break even (before fees/commissions). But if the IV keeps expanding, if the stock just trended in the direction of $30 probably a week or two before expiration, good chance you could sell that put for a profit. How much? I have absolutely NO idea. With this ticker, given its volatility, it’s almost like you’re playing an option on an option.

TL/DR: Going long any option on this ticker would be a purely speculative bet. But at least you limit your risk of loss to what you’ve paid for the option. Ya pays your money, ya takes ya chances.
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/8/24 at 11:06 am to
Do it. Please Do it.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/9/24 at 5:03 pm to
quote:

So if you’re buying a 30 strike put with a July 5 expiration, as of yesterday’s close, you’d pay about $550 for it.


As of Friday’s close, that July 5 30 strike put was trading at $967 (mid price).
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28313 posts
Posted on 6/9/24 at 7:24 pm to
GME After hours is over $30 tonight
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