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Close. Or; Retails don't all buy the same call options. The stock … Edit2: For gamma squeeze, you look at the open interest (OI) and strike price. Press J to jump to the feed. January 29, 2021 60C call option are the highest one on the option change for that date. Ultimate. If they try to hit us below 60 and we (the market) buy ourselves back above it and stay, bears are fucked and potential for take off next week, Of course we’re staying. Money Talks is a column that explores what happens when business, the economy, and culture collide.. G ameStop is a struggling, kind of boring, mid-size retailer stuck in a legacy busine s s — selling physical video games. The now-famous, Reddit-fueled short squeeze of GME stock has created wealth for some traders while destroying the accounts of others. See I wouldn’t of flunked out of college if the professor knew how to explain the complexity that is the economy and stock market like this. https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/, https://ca.finance.yahoo.com/quote/GME/options?p=GME. January 30, 2021 05:57 PM ... Reddit mascots are displayed at the company's headquarters in San Francisco. Finally.. this stuff explained in a language that makes sense to me. The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about … Press J to jump to the feed. Lol right, this is hella creative and entertaining! It effectively turns MM into a hedge fund. Why is GME still trading at such a high level? The more complex answer is that its stock … Log In Sign Up. But in this trading saga, Reddit users had driven up the price by buying so much. This alleviates the infinite gamma squeeze. I wanted to ask this question because it feels bizarre to me that GME can trade at its current level given what we know about its fundamentals. Hello this is Steve from customer service. Yea I literally just posted that WSB broke the market. I'm still trying to understand all this stuff. Fundamentally, this analysis is still correct. I even bought the dip at 58 after it touched 76, Edit: TLDR: Buy equal value in GME shares plus 75c for 1/29 to get tendies. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. Redditors drove the price up, forcing these shorters to buy the stock to cover their losses. AMC share price: How AMC Entertainment stock value was driven up by the Reddit GME ‘short squeeze’ The Reddit community which sent GameStop’s … In GameStop’s case, short selling the stock used to be a no-brainer. The Squeeze Monday, with an even larger spotlight on the trade, GME blew its top at $159.18, eventually settling at $76.79. If you're a faggoty european, please don't ask how to trade options in your country, just buy shares. She could’ve represented all the obnoxious redditors who came away from the situation thinking that they were influential gods. A hilarious Reddit video made within Super Smash Bros. [1] https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/ [2] /r/stocks/comments/l21gpz/infinite_short_squeeze_explained_blue_appron_case/ [3] https://ca.finance.yahoo.com/quote/GME/options?p=GME. Good luck. 4 5 16 9. Should millions of retail all choose a common higher call strike price to buy (higher than 60C), the gamma squeeze will be triggered when that prices is hit. Hundreds of thousands of are buying the GME 60C because of the infinite short squeeze. What happened last week with GME stock price and option was a combination of a gamma squeeze [1] and infinite short squeeze [2]. As you may now realize --(MM and brokers) hope you don't -- there is a gap in the market structure that leaves them (MM/Citadel) vulnerable to massive losses. The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. If you had been hearing about GME and GameStop and Wall Street but has no idea what’s going on, here’s a summary. A reddit user named DeepFuckingValue that was a big part of starting the movement. ... a Reddit … And should millions of retail buy the January 29 GME60C 2021, the losses for MM but profits for retail will be massive. Should the share price get close to the price with a highest open interest, that's when the gamma steepening occurs as probability goes to 1. The stock closed at $5.04 that day, but after a 36% plunge from the day prior anything seemed possible for one of Wall Street’s most hated stocks. Just want to let people know that the floor of most people back then is way less than the floor today. Ad Reddit explains in … Cruising around reddit being a trippy lil pink cat In the last couple of weeks I feel … For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. This has never happened in financial history. Infinite Gamma Squeeze Should million of retails buy the Januray 29, 2021 60C weekly on Monday, this will create an infinite gamma squeeze because MM still can't properly hedge, and are forced to buy shares at whatever price to hedge. The stock went even higher — per CNBC, it got up to $159.18 with more halts due to volatility. GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. woulda loved to see DK with his banana horde at the end. Both conditions are pro-cyclical and feed on each other in an infinite feedback loop so long as more an more retails buy the GME 60C. They will force margin call on them so they pony up on a short squeeze instead of them eating gamma squeeze over and over. Ryan Cohen’s $11.50 GME is looking like a pretty great buy. GME should legit be an $80 stock after the short squeeze is over. Why is it trading like this one news? GME at 60 is the Maginot line next week. 9.0k. Controversy Over GameStop’s Stock Market Saga Explained. Photo: Boston Globe/Getty Images. “For years, betting against [GameStop] has been like shooting fish in a barrel,” Mad Money host Jim Cramer said on Monday.The brick-and-mortar video game stores seemed destined for obsolescence in an era when games are more and more often being downloaded rather than purchased in the form of physical … MM have to buy shares to remain neutral as the options are now ITM. Should it go to 75, gamma and infinite short squeeze continues. “GME Squeeze and the demise of Melvin Capital,” wrote the user, Stonksflyingup, referring to stock ticker of GameStop Corp. and Plotkin’s $12.5 billion firm. Edit: Not saying that squeeze is happening anytime soon. GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. But given that retail loves high risk, I hypothesize they will all choose the furthest OTM call options. If after the MM dump, retails continue to buy GME shares up to the $60 price, MM will be caught in a exponentially worse gamma squeeze, which should GME go pass 60C (gamma bump) on the week of January 25, it would turn into the one of biggest tail risk event for the MM/Citidal. However, doing so does not make them market neutral. But when the Redditors started buying up GME stock, causing the share price to skyrocket, Melvin & Broke Sons were suddenly facing a HUGE loss. And it's still broken? 3 times on Friday? Note: A primer on gamma squeeze: https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/ Market Maker [1] are in a condition never observed in financial history. 1:50pm Jan 28, 2021. Greedy fucks lmao. GME will be $20 or less eventually but it could easily go to $1,000 before that. 3 months GME AND AMC EXPLAINED Reddit I feel like there are a ton of new and confused traders in here so I’m going to help explain what’s happening… Gamestop (GME) and (AMC) are two failing companies who’s stocks got a bump in the market due to some recent good, but ultimately inconsequential news. Welcome to Reddit's finest Smash Bros community! GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street. Have you tried turning it off and back on again? GameStop has become the battlefield of Reddit vs. Wall Street, with titanic sums being made and lost. Press question mark to learn the rest of the keyboard shortcuts. tldr; There is a gap in the market structure so that if millions of retails buy Januray 29 GME 60C on January 25 2021, there is a high probability of both an infinite gamma and short squeeze. But I'm just doing my thing, posting about GME in a few main stock subs since January. Trading range between $80-$100 is plausible but prolly closer to an $85 average. MMs might be sympathetic to Melvin’s plight, but in no way shape or form will they allow themselves to be the bag holders. As of near 3 p.m. Even before the short squeeze, there had been interest in GameStop (ticker symbol: GME).Keith Gill, known by the Reddit username "DeepFuckingValue" and the YouTube and Twitter alias "Roaring Kitty", purchased around $53,000 in call options on GameStop's stock in 2019 and saw his position rise to a value of $48 million by January 27, 2021. So, the individual holding the short position would have to purchase the stock back at a much higher stock price on the settlement date; thus, losing money. Retails could see 100000% return on their weekly GME Januray 29 call options at the highest strike price. There is a chance that MM can dump the shares they bought to hedged the gamma steepening and call buying [1]. What the MM are hoping for are twofolds: They scare retails to sell below $60. I wouldn't be surprised if Melvin and the other naked shorters are brought on the carpet for this fiasco. I’ve been hard for over a week straight now and my doctor can fuck right off. Hence, increasing GME’s stock price. GME is the stock ticker for the company GameStop Corp. GameStop Corp is a brick and mortar company selling computer games. Example: Should millions of retail buy the January 29 70C or January 29 75C, and the infinite short squeeze continues. Posted by. However, after the MM dump shares in an attempt to stop the infinite gamma squeeze they will be net short GME shares and unhedged/not market neutral. By VOA News. SEC may allow them to get away from this momentarily. User account menu. However you look at it, this is not a good look for a lot of people. The austists did it. An online forum called Reddit is sending the old guard of Wall Street into a tailspin: to date, they've managed to boost an ailing video game shop stock by 1700 per cent. I know it's probably to late since this was posted but I cannot help all the actual retards in the comments and messaging me. If you do not know what 1/29 75c means, just buy shares. Let’s dig into how the posters became the wolves. The Reddit site r/wallstreetbets had over 1 million members at the time — a considerable army of retail investors. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Should it fall below it, MM have won a strategic victory. I am here to tell you that you broke the market.Have I answered to your question in a satisfying and timely manner ? 9.0k. MM doing so, forces brokers to margin call the shorts caught in their infinite short squeeze. Welcome to Reddit's finest Smash Bros. community! More than 100% of GME stock was shorted by traders and investment funds. 24 days ago. Press question mark to learn the rest of the keyboard shortcuts. You did? PLTR will run up more due to it being at 20% dilution. Edit 2. The MM’s have to be furious they were put into this position by the ridiculous short selling by Melvin. Edit1: Apparently there may be higher call prices for the January 29 2021 option chains. Don't be surprised if by intraday on tuesday it moves to $40. Press question mark to learn the rest of the keyboard shortcuts. Buying GME calls is probably not for first timers. edited of course. Another factor in … If you want to be extra retarded, Sell ITM puts and use the cash to buy OTM calls. The Robinhood stock app restriction on GameStop and others, explained. Also missing the falcon stomp at the end that sends them plummeting into the red, Lylat Cruise may have been a better stage to use than Corneria, but still excellent. , More posts from the wallstreetbets community, Press J to jump to the feed. You should have included Lucina spamming her ‘I cannot lose’ taunt. They will bankrupt Melvin before they pay out of their own pockets. The past year’s price action in the shares of video-game retailer GameStop (GME) have been exciting, to say the least. A Reddit community has blown up the stock price of a game retailer in the US - costing investors billions in the process GameStop share price explained: How GME stock value was driven up in … The GameStop (GME) Situation Explained. Nice work OP, This is actually better than most memes WSB has made in the last month. Welcome to FTW Explains, a guide to catching up on and better understanding stuff … Gamestop stock (GME) explained using Smash Ultimate. Conditions for Infinite Gamma Squeeze & Infinite Short Squeeze. If not in legal action, then in some very very heated conference calls. An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing halts in trading and … What happened last week with GME stock price and option was a combination of a gamma squeeze [1] and infinite short squeeze [2]. twitch.tv/DGunz. ET on Monday, the price dropped and was at around $82 per share. What is DFV? If the GME 70C or 75C is hit, GME share price enters a gamma squeeze. Hundred of thousands of retail are buying the GME 60C across the options calendar and MM can't hedge properly because there are not enough GME shares to buy to properly financially hedge (accounting for the interest rate to borrow). This is not sound financial practice nor is any of this post actual advice. With an army that called themselves the GME Gang, the retail investors purchased thousands of shares of GME and drove the price up. Why hasn't it crashed back to $40 like after the 1st squeeze? And why aren't any of the news outlets talking about its lack of descent? Yesterday, we talked about the GameStop ($GME), the video game store that has become a meme stock favorite on the subreddit r/WallStreetBets (WSB) and … Ultimate explains and chronicles the GameStop stock phenomenon that began in January.

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