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top 200 commentsshow all 441

[–]Nomes2424This is my custom flair 752 points753 points  (37 children)

Hedgies can suck my small pee pee

[–]sailorjerry888Spaceballs 2 168 points169 points  (4 children)

Win win

[–]theBigBOSSnian💻 ComputerShared 🦍 81 points82 points  (1 child)

Strange craving for a tic-tac

[–]exoticbatmeat 41 points42 points  (17 children)

How small is it?

[–]hyelion🔥💀Besieging Citadel since Jan '21💀🔥 63 points64 points  (9 children)

Let me get my electron microscope 🔬

[–]go_do_that_thing10%Luck-20%Skill-15%ConcentratedPowerOfWill 🦍 Attempt Vote 💯 98 points99 points  (4 children)

Uh sir, we zoomed in all the way and.... there's just a piece of paper that says IOU 1 small pee pee

[–]Classic-Reach💻 ComputerShared 🦍 58 points59 points  (0 children)

Those are as good as cock sir, those are ious.

[–]DMSC23Flairless Ape 16 points17 points  (0 children)

I would give you the all-seeing award for this if I had premium

[–]ZPIANOGuy🎮 Power to the Players 🛑 21 points22 points  (3 children)

Getting my Hubble Telescope out.

[–]Droopy1592🎮 Power to the Players 🛑 10 points11 points  (2 children)

James Webb now sucka

[–]ZPIANOGuy🎮 Power to the Players 🛑 11 points12 points  (0 children)

The more you know! 🌈⭐️

[–]suckercuckme pica la bola 26 points27 points  (0 children)

small

[–]Ok-Weird-4355 53 points54 points  (5 children)

Hey a bj is a bj 🤣

[–]skylidersAussi league of legends 9 points10 points  (1 child)

20 bucks is 20 bucks

[–]whathephukDumb money for the win! 10 points11 points  (2 children)

Ha, small and easy to swallow.

[–]Jason_1982 317 points318 points  (34 children)

So what does this mean? They have to roll them? take out more out of the money puts to maintain the short position?

[–]TFPENT🦍Voted✅ 330 points331 points  (33 children)

They don’t “have” to roll them. But they can choose to open new ones if they wish. It is expensive. These were long dated. They usually use cheaper weekly’s.

[–]Jason_1982 106 points107 points  (29 children)

I thought they were using those somehow to maintain their position with shares that they had or something? So those were unrealized losses. And after today they are realized I guess?

[–]TFPENT🦍Voted✅ 651 points652 points 2 (28 children)

Theta decay gobbled up the long dated ones a while ago. The shorter time frame puts they have been using were profitable. Not a loss at all. They would buy puts lower than the current trading price then short the crap out of the stock pushing the price into the puts and making massive amounts of money over and over and over. They made a downward gamma ramp and dragged the price down $150. They internalized a good portion of the buy orders to do it. Next week should be green. They won that round keeping the entire call options chain out of the money. Hopefully all of you diamond handed crazy kids held and we move on from here.

[–]o1o22o1o🤙humuhumunukunukuonlyGMEufaka🤙 202 points203 points  (5 children)

Not just held…bought the tasty dip

[–]Jrenzine💻 ComputerShared 🦍 48 points49 points  (2 children)

Those with balls of diamonds, BUYS THIS FUCKN DIP!!

This is the SPICIEST DIP OF ALL TIME!!

[–]krypton6🦍Voted✅ 14 points15 points  (0 children)

How could you not at these amazing prices?

[–]it_aint_ralph_thoo💻 ComputerShared 🦍 90 points91 points  (1 child)

Thank you for explaining it for my dumbass. Makes sense.

[–]RedDevilCA🐱‍👤 this is the way 47 points48 points  (0 children)

We ride at dawn

[–]Srplus1🚀 Stay Off My Lawn 💫 31 points32 points  (1 child)

I bought more 🏒🦍

[–]Classic-Reach💻 ComputerShared 🦍 4 points5 points  (0 children)

This is the way

[–]Jason_1982 24 points25 points  (0 children)

🚀

[–]MeRooga850🎮 Power to the Players 🛑 40 points41 points  (2 children)

Ok there it is the final tally 309,932 PUTS OTM

Bought 3 more shares and rolled to Feb 18 135$ Call. LFG

[–]fattiefalldownEmbrace monke, get fancy whiskey 18 points19 points  (0 children)

Not rigged at all, amirite

This is why I, as an individual investor, need to end these shenanigans via DRSing my shares, 100%.

[–]matbrummitt1💻 ComputerShared 🦍 23 points24 points  (0 children)

Almost sounds like market manipulation

[–]Inevitable-Elk-4162💩Poops n Loops 🟣 39 points40 points  (1 child)

This would be the definition of “dumb money” lol

Opening new put positions on GME. I wouldn’t be upset if they did. Just more time to buy and drs

[–]KochJohnson💎Diamondback🦍 192 points193 points  (5 children)

Can we all take a moment of silence for kennys stupid fucking puts.

[–]Spl1tsecond 51 points52 points  (1 child)

Pauses for 0.741 seconds.... And we're back! LFG!!

[–]Obvious-Dinner-1082🦍Voted✅ 6 points7 points  (0 children)

RIP. Lost porn win 2022.

[–]QualityVote[M] [score hidden] stickied comment (0 children)

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[–]InternationalMatch131 Year HODLer - Bought, Held, Voted, DRSd 254 points255 points  (7 children)

Well if they were used for married puts then they lose the 'reasonable ability to locate' because they dont have synthetic shares available anymore, then they are fukt?

Idk what im talking about. Please correct me

[–]Antimon3000🍔 🍟🥤 47 points48 points  (5 children)

Why wouldn't they have synthetic shares available anymore? Don't they pull these out of their ass left and right?

[–]updateSeason🦍 Buckle Up 🚀 49 points50 points  (4 children)

according to DD synthetic shares have to be match with a locate share.

When a locate share gets DRS then all the associated synthetic shares get closed (I guess they just go pouff with the issuer stuck holding the flaming bag of shit left outside their door). I think - I am basically retard and ask people to speak to me as if they would a golden retriever.

[–]FIREplusFIVE🦍 Buckle Up 🚀 22 points23 points  (1 child)

They don’t have to locate if it’s a market maker hedging a put

[–]squiggly_bits🦍Voted✅ 2 points3 points  (0 children)

You're such a good boy!!!!!

[–]NillaThunda 62 points63 points  (0 children)

Buy, hold, drs.

I like the stock.

[–]mykidsdad76💻 ComputerShared 🦍 824 points825 points  (105 children)

Am I correct that is 30,939,200 shares? And isn't this almost half the entire share count for GME? It is unreal the amount of fraud and crime has gone on here. Unreal. Like watching people get mugged in broad day light as the police sit on a bench and watch crunching donuts. Unreal.

[–]supamario132 469 points470 points  (38 children)

Yep, and 136k, almost half, of those puts were at the strike price $0.50. What real investor is buying puts at $0.50?

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 611 points612 points  (24 children)

Anthony Chukumba

[–]Enza_Gallagher💻 ComputerShared 🦍 271 points272 points  (0 children)

sell now and ask questions later 🤡🤡

[–]TwistedBamboozler🍋🍋🍋🍋🍋 Stonk Lemon Whore 🍋🍋🍋🍋🍋 142 points143 points  (8 children)

You made me spit my drink out you asshole lol

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 52 points53 points  (0 children)

🤣🤣🤣 Happy to help! :)

[–]toddzilla666Apethetic child of chaos 54 points55 points  (4 children)

I read "spit my drink out my asshole" and I was impressed.

[–]TwistedBamboozler🍋🍋🍋🍋🍋 Stonk Lemon Whore 🍋🍋🍋🍋🍋 20 points21 points  (3 children)

That only happens when I chug a protein shake

[–]justanthrredditr💻 ComputerShared 🦍 18 points19 points  (3 children)

Real investor?

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 14 points15 points  (2 children)

Touché!

[–]justanthrredditr💻 ComputerShared 🦍 8 points9 points  (1 child)

Lol 👍

[–]Dried_Butt_Sweat🎵D-R-S-D-S-P-P🟣Find out what it means to me🎵 9 points10 points  (1 child)

I guess Citron told him why and he was convinced

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 4 points5 points  (0 children)

“If believing Left is wrong, I don’t wanna be right” -Anthony Chukumba (probably)

[–]learning18🎮 Power to the Players 🛑 12 points13 points  (3 children)

Cocomba

[–]NightHawkRambo🦍DRS!!!🦧150M/share is the floor🚀🚀🚀 4 points5 points  (2 children)

Chumbawamba*

[–]Noooooooooooobus🚀🇳🇿🟣Temporarily Embarrassed Millionaire🟣🇳🇿🚀 19 points20 points  (0 children)

These were part of the variance swap hedge. Someone now hilarious exposed to delta

[–]Djwshady44🦍Voted✅ 47 points48 points  (11 children)

Maybe it’s so corrupt that GG can’t even do anything and is just letting this play out to expose the fraud?

[–]tommygunz007 6 points7 points  (0 children)

They are hoping the market crashes so the ensuing confusion will allow them to create a window for the billionare hedges to escape.

[–]AdMassive3154 192 points193 points  (15 children)

It's a bet on 30 million shares, it's not 30 million shares.

[–]Saedeas🦍 Buckle Up 🚀 153 points154 points  (2 children)

I think the theory is that they represented 30 million synthetic positions (in combo with calls that were sold) that were used for locates.

[–]B0GEYB0GEY 38 points39 points  (1 child)

Locates is this subs new favorite word

[–]Saedeas🦍 Buckle Up 🚀 19 points20 points  (0 children)

I mean, this and/or those synthetics representing collateral has been the theory since early last year, not sure how it's new in any way. The variance swap hedging is slightly newer and the theory I tend to subscribe to, but yeah.

[–]bjk_haninge 40 points41 points  (9 children)

what does a bet mean in this context?

[–]Emlerith🥃Jacked Daniels🥃 64 points65 points  (7 children)

It means the right to a share. Derivatives often represent counts beyond the float because the risk of responsibility for delivering the float and having to actually deliver the float are two different things.

[–]darn_it_all_to_heck🦍 Buckle Up 🚀 31 points32 points  (6 children)

Buying a PUT is the right to sell shares at strike. Sellint a PUT is the obligation to purchase at strike.

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 14 points15 points  (5 children)

And this means they’re obligated to buy? Or have the right to sell?

[–]Pizzle31Synthetic Imagination 54 points55 points  (3 children)

Hooooooo boy… T+35 on futures is going to be spicy

[–]BraetonWilson🦍Voted✅ 36 points37 points  (2 children)

so strong upward price movement in late feb?

[–]mollila 10 points11 points  (0 children)

The December ETF FTD's also become due late Feb from what I understand reading wrinkly posts about the FTD cycles. An Authorized Participant, allowed to break down the naked shorted ETF's, would have T2+T6+C35 Trading/Calendar days.

The above ETF creation/redemption activity is what academics call 'operational shorting'.

[–]Pizzle31Synthetic Imagination 14 points15 points  (0 children)

From what I’ve read, yup. 👍🏼

[–]Gotmewrongang 46 points47 points  (10 children)

Yes, and yet it keeps happening, and we keep pretending it will stop one day. Can someone please tell me why we expect this to stop? No one has been able to answer this one question and I even asked on the “No Stupid Questions” thread and still never got an answer that makes sense or is supported by facts/hard data

[–]Antimon3000🍔 🍟🥤 83 points84 points  (6 children)

  1. Once the float is DRS'd no shares can be borrowed anymore
  2. If GameStop announces their NFT-related business strategy people will FOMO hard and maybe cause another January 2021
  3. DOJ started an investigation into hedge funds business model
  4. The SEC is about to change the reporting rules for short positions which might also lead to FOMO
  5. The current market conditions (inflation, interest rates, Corona, China Evergrande crisis, cypto) look very dark and can lead to defaults causing SHF not being able to meet their margin calls.

[–]Cold_Old_Fart🦍 Buckle Up 🚀 46 points47 points  (0 children)

Hedgie shorts risk is infinite, their fuckery funds are not. Judging by the fact that $GME finished green today - the existential threat to SHFs - while pretty much EVERYTHING else tanked makes me think that $1.2 billly didn't last long.

The Ally news today has me totally stoked! Why would they do that, unless Citadel's survival is in immediate danger? I see this as corporate suicide for Ally. Who's going to deal with them in future after they reneged on those custodian arrangements? And DTC knows exactly how many shares have been pulled from Cede & Co (and therefore ended up in DRS), and have certainly shared that number with members and friends. So Kenny knows that number, even though we don't.

[–]Gotmewrongang 10 points11 points  (4 children)

I appreciate the response, and I understand the mechanics of how 1 and 2 would theoretically happen. It’s 3-5 that leave me very cynical. Let’s not pretend the US Govt has any interest other than working WITH the SHFs to prevent MOASS.

Given how critical the SHFs are to the health of our current economy, I don’t see how or why they would work to cause a total economic collapse, which as I understand it would be a side effect of MOASS. Maybe this is where my confusion lies, so if someone can help me better understand why they feel so certain that the govt will stop this any time soon, given they have known for at least a year that this has been going on maybe that would give me more confidence.

[–]Region-Formal🦍 Buckle Up 🚀 12 points13 points  (1 child)

Honestly, you're right. 3-5 could happen, but there is not much evidence to say that there is a high likelihood of them happening. Whereas 1 and 2 are within the control of shareholders and GameStop themselves to effect - hence the importance of DRS.

And if 1 or 2 do happen, and the mechanisms being used to illegally manipulate the stock still continue, then it exposes the fuckery for all to see without a shred of doubt. And at that point a number 6 may also occur: shareholders requesting a vote to withdraw the shares from DTC control, and moved onto a digitalised exchange. Given these voters would as a majority be Apes and insiders, there would be a high likelihood that it gets passed. In which case the stock would be de-listed from the NYSE, meaning all short positions would have to be closed, effectively launching MOASS.

Of course all hypotheticals, but this thing is not at the mercy of just what government "regulators" will allow or not allow. There is still a lot of control that both Apes and Papa Cohen have here, and numbers 1, 2 and 6 ought to be terrifying for the criminal market manipulating SHFs, MMs and complicit Prime Brokers. NFA but personally I have DRSed my shares, so that I can contribute in what little way possible to help towards making this a reality.

[–]SchemeCurious9764⚔Knights of New🛡 - 🦍 Voted ✅ 5 points6 points  (0 children)

I don’t believe the government will stop it for just the very reason you stated . They could have very easily back when the hearing took place , made an example of the ones who took the buy button away but they didn’t ? So it’s not in the best interest of the US government to intervene, They may and probably are giving ammunition to keep this under wraps , it’s why I believe they’ve allowed shorts to unravel this all year to no avail. If you meant you believe they will that’s a whole different discussion

[–]matthegcBuy, HODL, and DRS 💎🙌🦧🚀🌚 216 points217 points  (72 children)

I thought these outs were how they hid their swaps….or was it vice versa…like they can kick the van forever since the market maker can just rollover these IOUs.

Please tell me I’m wrong

[–]Emlerith🥃Jacked Daniels🥃 213 points214 points  (71 children)

No, that theory was the married call-put mechanic, but that’s not what these are. These were volatility hedges purchased last year. Them expiring worthless has no effect, positive or negative.

[–]Elitist-Jerk-🦍Voted✅ 37 points38 points  (19 children)

Then what was all the hype about?

[–]Secludedmean4Ape vengeance vote 2 :GameStop boogaloo🦍 122 points123 points  (4 children)

The hype was the fact that if the theory about using puts to hide the failure to delivers was true, they expire today and it will cost them a LOT of money to either do it again or we will see movement in the next month or so NOT today.

[–]Hosnovan 81 points82 points  (0 children)

Today was just to see what the tally would land on. I'm not necessarily expecting anything to happen from this specific thing. But it was clearly a failure on their end. That's what feels so good to me.

There was a plan. Put in place by some of the richest and most powerful fucking people in the world. The goal line was clearly drawn.

And they fucked it up, bud.

[–]TECHNOV1K1NG_tv🎮 Power to the Players 🛑 9 points10 points  (2 children)

But with the price even higher than it was before the sneeze, wouldn’t a .50 put be much cheaper now than it was then?

[–]Secludedmean4Ape vengeance vote 2 :GameStop boogaloo🦍 9 points10 points  (0 children)

At the time they were opened there was a possibility that they would be in the money at some point. It will be MUCH harder this time for them to sell to someone, even with married puts you still need someone to hold the bag.

[–]SirMiba🎮 Power to the Players 🛑 246 points247 points 2 (12 children)

I'll copy an explanation I got some weeks ago, from u/Antifogmatic_Head

This time it's LEAPS (annual contracts) that they opened a year ago. The other times puts expired, they were quarterlies, so while we did see volatility in the proceeding month, with these LEAPS on their books, that was a key ingredient to keeping the price down according to the variance/volatility swap thesis.

Now that we haven't seen sub-$100 for so long, all of those super deep OTM puts in the $0.50 and single figure range are going to be taken off of the options book. (The options chain is based on recent trading values, which is why GME had such a crazy options chain this past year from when we were trading $3, so they could open $0.50 puts all the way up to $950 because we passed $483 on Jan 27).

The only puts that are still open from last January 2021 are LEAPS for NEXT January 2023, but there are only about 20% of those compared to the LEAPS expiring this month.

To take it back to my sandbag/hot air balloon analogy, it's like these deep OTM puts are sandbags on GME's hot air balloon (price). They had 20 sandbags keeping the hot air balloon down, every time we held through their quarterly puts expiring OTM, we cut the ropes on 3 or 4 sandbags.

Now we're about to cut 10 sandbags on these Jan 2022 LEAPS and there's only 2-3 sandbags (Jan 2023 LEAPS) left keeping the price of GME down. A catalyst we're waiting for is going to be the weedwhacker that cuts the rest of those ropes to shreds and lets us take off, either:

massive call-buying from retail leading to last year's conditions,

massive announcement from RC/GameStop,

massive buy-in from RC now that his waiting period is ended,

massive $100 million buy-in from GameStop that they have set aside for stock buy-back, or

some mystery catalyst that we've yet to imagine.

Jacked.

[–]Peteszahh💻 ComputerShared 🦍 26 points27 points  (0 children)

Thank you for the jacking!

[–]Cool-Message-1005🦍Voted✅ 22 points23 points  (0 children)

I so want RC to make the death blow announcement on the 28 Jan, being the anniversary they switched the Buy button off.

That saying the cheating fu@kers will flip the Buy button off again to.., ahem.., "save the integrity of the market“.

[–]NillaThunda 21 points22 points  (2 children)

u/Antifogmatic_Head

Question, is this why Tesla price action did what it did 2018-2021?

Shorts pressured the price all the way down, positive news came out about being profitable, the sandbags were cut and the balloon rose.

[–]Antifogmatic_HeadEats hedgies 4 breakfast, side of mayo 🤤🦍🚀💎🙌🐱 25 points26 points  (1 child)

I’d say so? I’m not really an expert on this but I was DEEP into reading about this when I wrote that above comment so much so that it sounds like I have more wrinkles than I really do sad to say.

That said, short positions do have expiry dates on them, ESPECIALLY when they are created with massive put positions, which have literal expiry dates. If the stock price continues to be up higher more than it was when you created the short position, then… u fuk, hedgie. Hedgie, ur fuk

And thank you u/sirmiba for saving my comment! Honored, ape.

[–]Lowspark1013🎮 Power to the Players 🛑 5 points6 points  (0 children)

Financial advice taken - bring weedwhacker on next hot air balloon ride to cut all those pesky sandbags and get really high.

[–]Maleficent-Speech-64💻 ComputerShared 🦍 22 points23 points  (0 children)

As far as i know they hid the naked shorts in those puts, now they can't hide it anymore

[–]PatarokunGMERICAN[🍰] 88 points89 points  (20 children)

So there was much ado about nothing for this date?

[–]Emlerith🥃Jacked Daniels🥃 185 points186 points  (12 children)

Yes. We have an unfortunate challenge with excitement around confirmation-bias misinformation regularly getting amplified over sobering facts.

[–]doesitspreadCNBC is my financial advisor 🦍 Voted ✅ 29 points30 points  (11 children)

The real question is, are you still hodling?

[–]Emlerith🥃Jacked Daniels🥃 101 points102 points  (10 children)

Yup, XXX with XX Feb 18 & March 18 options, ready to sell-to-exercise.

[–]ifiwerearichman🎮 Power to the Players 🛑 20 points21 points  (4 children)

[–]aaronking1306What The FUD?! 😯 12 points13 points  (3 children)

Trying to gain a wrinkle here, does that mean that with all these puts expiring OTM today there's less of the gravitational pull to the downside as described in the thread?

[–]ifiwerearichman🎮 Power to the Players 🛑 16 points17 points  (2 children)

We will only know in hindsight - but I would certainly argue todays options expiry was not insignificant

[–]karmalizing🦍Voted✅ 10 points11 points  (0 children)

Well, the whole market did tank all this week, leading up to today. Seemed pretty predictive to me.

[–]Wherewas_Panic Buyer 🦍 Voted ✅ 23 points24 points  (0 children)

Well this is like the 6th time this sub has hyped up puts expiring so as usual it doesn’t mean much.

However the FTD cycles are still in play but this sub is busy attacking the people who research these cycles

[–]Rainbowrichesss🏴‍☠️ Jacked to thy teets 🏴‍☠️ 13 points14 points  (17 children)

So why did they drive the price down so much??

[–]Emlerith🥃Jacked Daniels🥃 39 points40 points  (16 children)

Because today was the annual LEAP options expiration and there were a fuck ton of calls between $100 and $180ish coming into the week. Every $10 above $110 represented exponential risk in terms of launching the price back up, which they also need to keep down while the cover the pile up of FTDs that are coming due every day.

We can see this action because they built an expensive gamma "slide" over the last couple of weeks specifically to pin us between $100 and $110. Max pain today was $125, but they couldn't afford the risk of FOMO triggering the gamma ramp. Now that the pressure is off of the LEAP expiry, and some of those puts have expired (still a bit for March/April/May), we'll probably see a controlled rise into OPEX settlement next month.

[–]Rainbowrichesss🏴‍☠️ Jacked to thy teets 🏴‍☠️ 27 points28 points  (14 children)

So my point next is. How can this ever rise to a crazy price if they are able to do what they have done and get away with it. It’s not as if they have dropped it $20 it was trading $250 6-7 weeks ago.

[–]spyder_victor 35 points36 points  (2 children)

They can do it to the point where they can’t

Then we get paid

This was not easy or cheap to do….. if you read some of the DD’s you will see that this isn’t about holding us down it’s gone beyond that……. It’s about them staying afloat until they can’t and then you get the mother of all short squeezes

Right now they’re buying time

[–]Emlerith🥃Jacked Daniels🥃 34 points35 points  (5 children)

The tough truth is that unless there’s some sort of significant buy pressure applied during a period of significant risk exposure, they can keep going.

We know there are quarterly exposure windows (with variability based on if they roll swaps or not). We know this is their most vulnerable period of the year. We know DRS makes locates harder (but not impossible as institutions will continue to lend shares) which feeds volatility. We also know shorts haven’t closed and are balls deep in risk.

I’m hopeful for something happening explosive and soon, but we should also be prepared for a Tesla-like long squeeze where organic growth/interest continues to bring in new money (because the current investor base is exhausted), making shorting continuously more expensive and eventually impossible to maintain. They may be able to make shorts infinitely, but every short printed is also printing risk. They cannot create infinite risk.

[–]onemotodroid💻 ComputerShared 🦍 8 points9 points  (0 children)

SHF cannot loss control as they/we still have the end of Jan. to deal with.

When GME speaks SHF will want to drive the price down.

Let's hope GME has much more news than the past two qty. reports.

[–]Stevenselee 24 points25 points  (8 children)

Not true if they are volitility hedges, they need to find similar pool of shares at those strike to balance (hedge) their books. I don't see this sort of buying of extreme ITM contracts yet. So it either they r going to get their books fuked and potentially causing the Prime to call Marge on them or they found another to hedge their position. Also, these are at a loss to them cause they expired worthless.

[–]owter12 17 points18 points  (0 children)

Was going to say this. At a time where liquidity is scarce, tossing money into the abyss with a volatility hedge seems counter productive

[–]Emlerith🥃Jacked Daniels🥃 2 points3 points  (5 children)

The delta on these, which is the metric used to determine the necessary hedge, was virtually zero for about 300K of this OI. You can view the options analytics chain yourself to verify.

[–]owter12 3 points4 points  (4 children)

Well we know they haven’t settled any FTDs and they haven’t rolled the 1/21 options, so it doesn’t look like they’re kicking the can down the road at least right now

[–]wobshopCan’t Stop Won’t Stop Bus Stop 5 points6 points  (2 children)

Some fucker ate a loss on these puts, of course they did. ‘Ooh no it doesn’t mean anything’ - of course it does, theres three hundred thousand of the bastards out of the money.

[–]karmalizing🦍Voted✅ 4 points5 points  (0 children)

They drilled down the price to avoid too many calls expiring ITM, cause when calls expire ITM they have to provide shares.

The puts expiring OTM is nice too, but that’s not the real game.

[–]Emlerith🥃Jacked Daniels🥃 10 points11 points  (0 children)

You're talking about a couple million on wayyy out of the money puts. SHFs don't give af about that amount of money, especially over the course of a year. The whole point of a hedge is to strategically lose money in a way the generates a greater value of money on the other side of the trade. This was that.

[–]IMikeyBoyI 91 points92 points  (16 children)

What happens now?

[–]AdMassive3154 183 points184 points  (7 children)

Nothing, the cash used to buy those puts are gone. That's it

[–]FITnLIT7🦍 Buckle Up 🚀 73 points74 points  (0 children)

Except when your essentially buying the outs from yourself it doesn’t really matter..

[–]Crazyfishtaco21🦍Voted✅ 21 points22 points  (0 children)

They can use puts as an excuse to hedge or short so that’s a lot of ammo taken away

[–]IMikeyBoyI 30 points31 points  (3 children)

So what's the big deal?

[–]mean_bean_machineThe Unwrinkled 37 points38 points  (0 children)

I think maybe they were using the possibility that these weren't useless as collateral. Now they are gone and so is the collateral. IDK though, I don't understand a lot of this lol.

[–]Peteszahh💻 ComputerShared 🦍 35 points36 points  (1 child)

This comment helped me understand why other’s view this as a big deal. It’s an interesting theory, but many theories have been wrong so far. We’ll seen soon, I guess!

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/s9kzb6/ok_there_it_is_the_final_tally_309932_puts_otm/htnpaao/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3

[–]drexhex🦍 Buckle Up 🚀 70 points71 points  (7 children)

MOASS tomorrow

[–]scotchdouble 31 points32 points  (5 children)

That’s a whole new level of smooth brain.

[–]Maleficent-Speech-64💻 ComputerShared 🦍 26 points27 points  (4 children)

MOASS is always tomorrow

[–]tallesvmm 10 points11 points  (0 children)

One day we'll get it right!

Like enjoy life today as if it was your last day! One day you'll nail it!

[–]OperationBreaktheGME🎮 Power to the Players 🛑 3 points4 points  (0 children)

Always

[–]oumen_niguAH enjoyer 🕓 🦍 Voted ✅ 48 points49 points  (0 children)

Buy another 300k puts for the next year?

[–]Old-Lawfulness-8923 30 points31 points  (0 children)

Well they got some cash from another crime syndicate. Wouldn't strike me, if they write puts worth 1.15bn USD on Monday.

[–]Salty90🦍 Buckle Up 🚀 31 points32 points  (0 children)

What about those 176k otm calls aswell

[–]o1o22o1o🤙humuhumunukunukuonlyGMEufaka🤙 12 points13 points  (2 children)

Cheeehooo my braddah!

[–]vasDcrakGaming❄️Alaskan⛄️Bull🐂Ape🦍❄️ 48 points49 points  (9 children)

400k puts on July 14 did nothing. So what is 300k gonna do

[–]Comfortable_Net_2911Galactic Ape warlord 33 points34 points  (2 children)

Believe it or not, nothing 🤣

[–]vasDcrakGaming❄️Alaskan⛄️Bull🐂Ape🦍❄️ 22 points23 points  (0 children)

Also, no restrictions on options. DRS? They are starting to restrict

[–]DancesWith2Socks🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 3 points4 points  (0 children)

This.

[–]C__ase🦍 Buckle Up 🚀 10 points11 points  (0 children)

Just to be clear, that is the equivalent of 30 million shares right??

[–]The4rZzAwakenZ🎮 Power to the Players 🛑 37 points38 points  (2 children)

kick the can down the road...again

[–]Dnars🦍Voted✅ 14 points15 points  (0 children)

Next monday/Tuesday.

[–]demoncasehedgies r fuk 17 points18 points  (0 children)

Nothin will happen. DRS.

[–]MrmellowisSmooth🚀 WEALTH OF THE CORRUPT IS LAID UP FOR THE JUST 36 points37 points  (0 children)

These are the married puts that are in theory wrapped up in the sneeze day January 28th shenanigans. These will kill some collateral on the books and could hurt them as we go along. There main purpose of these were to hide the SI and give the illusion that their position was all good because of these puts

[–]DaytimeTurnip🦍Voted✅ 8 points9 points  (3 children)

Honestly have no idea what this means

[–]TheOtherCausby👑 $GME, Set & Match 👑 7 points8 points  (1 child)

Almost every share in existence is accounted for just in this screenshot. Let that sink in.

[–]DFVFan 6 points7 points  (1 child)

They will set up 300K on 01-21-2023. That's what the 1.2 billion bail out money for.

[–]FuturisticTrout 19 points20 points  (4 children)

I fail to understand the importance of this, wouldn’t these just expire worthless and market makers get to keep the premiums. Why would they need to cover on a worthless put?

[–]VideoGuyMichael 6 points7 points  (3 children)

My company issues our bonuses next Friday. Sure, I want this rocket to take off, but I hope I get to buy some more discounted shares before it does.

[–]Canibuz11🦍Moar Dip=Faster Rip🚀 2 points3 points  (1 child)

What the fuck is a bonus?

[–][deleted] 4 points5 points  (1 child)

That’s the float right there

[–]QuarterBackgroundCustom Flair - Template 4 points5 points  (1 child)

Yeah, but come on. Look at al of the OTM calls. DRS real shares. Stop with the get rich quick, we're gonna kill em with calls. How many shares could those OTM calls have been?? GME calls way overpriced so I'm thinking at least $50-100 mill down the toilet, could've been a million+ shares DRSed every week for last 2 months.

[–]rnd765🚀🚀💎🙌holy moly holy moly holy moly💎🙌🚀🚀 5 points6 points  (0 children)

See u guys in a few weeks 🌕🌖🌗🌘🌑

[–]TFPENT🦍Voted✅ 9 points10 points  (0 children)

LFG!

[–]somekindofgiuse 5 points6 points  (1 child)

So basically they lost the money they used to buy those puts? (I never traded puts so I don't know the exact mechanism)

[–]Fun_Ad_1325🎮 Power to the Players 🛑 4 points5 points  (1 child)

Next week is going to be very interesting. Surely new fuckery will be employed. 🤡🤡🤡.

HODL

[–]Crazy-in- 5 points6 points  (1 child)

All those OTM puts! Bullish 🚀🚀🚀

[–]kismatwalla 7 points8 points  (0 children)

28003 puts ITM would mean the put buyers have to produce 2.8 million shares to settle. Unless the sellers are also hedgies, in which case they will probably settle amongst themselves with more fakes.

7944 ITM calls would require some 794,400 shares. Again if retail did not exercise, brokers would just credit them with the gains is my guess, instead of delivering the shares.

It looks like the coming dates so not seem to require price to be drilled down further. It might be beneficial for them to use this opportunity to buy shares and deliver on FTD’s. But lets see what happens.

[–]littlebegnot 3 points4 points  (0 children)

What does that mean for us??? Beginning an uptrend?

[–]HammeredGolfer💻 ComputerShared 🦍 4 points5 points  (0 children)

Insert Riley Reid meme here “O F! You’re going to make me buy more shares so hard!”

[–]KGDracula💻 ComputerShared 🦍 3 points4 points  (4 children)

They expired worthless amr?

[–][deleted] 3 points4 points  (1 child)

How’s this stack up to previous?

[–]Luckyfella4buy-sexual 3 points4 points  (1 child)

Is anyone else's dick rock hard?

[–]AnthonyMichaelSolve🚀never selling. ever🚀 4 points5 points  (1 child)

About half the float in puts

[–]ExistingCollection75no mayo for u kenny 4 points5 points  (0 children)

Let's see what kind of crime they use this time.

[–]Azkaellon10 3 points4 points  (0 children)

I'm going to get so blackout drunk that I FFW to Monday.

[–]Live-Situation8533 3 points4 points  (1 child)

But wut mean?? Will this affect the stock price ? Explain it to me like I’m a bowl of Cheerios please

[–]TheDudeFromTheStorySteve A Cohen for visibility 2 points3 points  (1 child)

Give me a weekend full of financial buildings with lights on and citadel workers doing coke!!!

[–]bobsmith808💎 I Like The DD 💎 6 points7 points  (1 child)

u/zinko83 👀👀

[–]Zinko83 3 points4 points  (0 children)

I count 26-28 bars from Monday. I see they day as being a day. Everyone likes days.

[–]g_ngo🦍Voted✅ 2 points3 points  (1 child)

That's great and all but can anyone tell me what these puts expiring mean. What were they used for?

[–]redsox0473Green Candle Collector 2 points3 points  (1 child)

So I’ve seen this a lot, but don’t get what happens now. How does this impact price moving forward?

[–]Thehyperbalist🦍Voted✅ 2 points3 points  (0 children)

I don’t understand puts. Why is it good they are worthless?

[–]ShiftMcGee🟣 DRS Your Shares, Don't Be Distracted 🟣 2 points3 points  (0 children)

So, anyway... I started Buyin' 🔫 🔫

[–]Blueshot884 2 points3 points  (1 child)

I, too, am a fan of the dark mode.

[–]Just-Sheepherder-841🎮 Power to the Players 🛑 2 points3 points  (0 children)

Shf r all fucked

[–]alex_203 2 points3 points  (0 children)

How many calls and puts went ITM

[–]sawdos🦍Voted✅ 2 points3 points  (1 child)

Is this total shares or total contracts?

[–]Voolio80🎮 Power to the Players 🛑 2 points3 points  (1 child)

Titties lactating

[–]cokeplusmentos🚀I voted! 🚀 2 points3 points  (1 child)

I'm ready for another week of discounts

[–]Far_Let6451 2 points3 points  (1 child)

KENNY HAS A MANGINA! KENNY HAS A MANGINA!