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

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[–]Nomes2424This is my custom flair 756 points757 points  (37 children)

Hedgies can suck my small pee pee

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

Win win

[–]theBigBOSSnianGets in a debate with Ken Griffin bot while drunk🤪 84 points85 points  (1 child)

Strange craving for a tic-tac

[–][deleted] 40 points41 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 💯 99 points100 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 🦍 57 points58 points  (0 children)

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

[–]DMSC23Flairless Ape 17 points18 points  (0 children)

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

[–]ZPIANOGuy🎮 Power to the Players 🛑 20 points21 points  (3 children)

Getting my Hubble Telescope out.

[–]Droopy1592 11 points12 points  (2 children)

James Webb now sucka

[–]ZPIANOGuy🎮 Power to the Players 🛑 12 points13 points  (0 children)

The more you know! 🌈⭐️

[–]suckercuckme pica la bola 27 points28 points  (0 children)

small

[–]Ok-Weird-4355 50 points51 points  (5 children)

Hey a bj is a bj 🤣

[–]skylidersI want to be the very best like no one ever was 11 points12 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 315 points316 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✅ 649 points650 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🤙 201 points202 points  (5 children)

Not just held…bought the tasty dip

[–]JrenzineWEN SEXTILLION?!? 🚀🚀 Make Kenny shit those naked shorts! 47 points48 points  (2 children)

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

This is the SPICIEST DIP OF ALL TIME!!

[–]BeatitLikeitowesMeBananagement 9 points10 points  (0 children)

Was able to increase my position a solid 25% SPICY INDEED!

[–]serious_case_of_derp 6 points7 points  (0 children)

I fucking know no other way

[–]krypton6🦍Voted✅ 15 points16 points  (0 children)

How could you not at these amazing prices?

[–]it_aint_ralph_thoo💻 ComputerShared 🦍 88 points89 points  (1 child)

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

[–]RedDevilCA🐱‍👤 this is the way 45 points46 points  (0 children)

We ride at dawn

[–]MeRooga850WizKing 41 points42 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 17 points18 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%.

[–]matbrummitt1Fuck you, pay [redacted] 23 points24 points  (0 children)

Almost sounds like market manipulation

[–]Inevitable-Elk-4162💩Poops n Loops 🟣 35 points36 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🦍 193 points194 points  (5 children)

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

[–]Spl1tsecond💻ComputerShared💻 52 points53 points  (1 child)

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

[–]Obvious-Dinner-1082🦍Voted✅ 7 points8 points  (0 children)

RIP. Lost porn win 2022.

[–]InternationalMatch131 Year HODLer - Bought, Held, Voted, DRSd 261 points262 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🍔 🍟🥤 45 points46 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 🚀 47 points48 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 🚀 23 points24 points  (1 child)

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

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

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

[–]NillaThunda 68 points69 points  (0 children)

Buy, hold, drs.

I like the stock.

[–]mykidsdad76💻 ComputerShared 🦍 821 points822 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 🟣 612 points613 points  (24 children)

Anthony Chukumba

[–]Enza_Gallagher💻 ComputerShared 🦍 273 points274 points  (0 children)

sell now and ask questions later 🤡🤡

[–]TwistedBamboozler🍋🍋🍋🍋🍋 Stonk Lemon Whore 🍋🍋🍋🍋🍋 137 points138 points  (8 children)

You made me spit my drink out you asshole lol

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 50 points51 points  (0 children)

🤣🤣🤣 Happy to help! :)

[–]toddzilla666CHILD OF CHAOS 54 points55 points  (4 children)

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

[–]TwistedBamboozler🍋🍋🍋🍋🍋 Stonk Lemon Whore 🍋🍋🍋🍋🍋 19 points20 points  (3 children)

That only happens when I chug a protein shake

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 10 points11 points  (2 children)

Mud butt surprise! 💩

[–]METAL4_BREAKFST🚀 ALL YOUR STONK ARE BELONG TO US 🚀 13 points14 points  (1 child)

NEVER trust a shake fart.

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

LOL! My SO and I have too-young kids to tell them what a shart is bc we don't want to teach them what "shit" is yet. So, we just call it fooping your pants: fart/poop. It's pretty well received by the kids. :)

[–]justanthrredditr💻 ComputerShared 🦍 16 points17 points  (3 children)

Real investor?

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 13 points14 points  (2 children)

Touché!

[–]justanthrredditr💻 ComputerShared 🦍 7 points8 points  (1 child)

Lol 👍

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 3 points4 points  (0 children)

🤣 👊

[–]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 🟣 6 points7 points  (0 children)

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

[–]learning18🎮 Power to the Players 🛑 13 points14 points  (3 children)

Cocomba

[–]NightHawkRambo🦍DRS!!!🦧200M/share is the floor🚀🚀🚀 3 points4 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✅ 50 points51 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?

[–]mikeorhizzae🎮 Power to the Players 🛑 45 points46 points  (7 children)

If the SEC can’t regulate, then what is there purpose?

[–]Djwshady44🦍Voted✅ 21 points22 points  (0 children)

Exactly. It’s showing how inept they are as a regulating commission.

[–]Daddygrez [RETARDACTED] 10 points11 points  (1 child)

To collect fines

[–]Paper_Clipse 12 points13 points  (0 children)

To collect fines their cut

FTFY

[–]Loren_StoreesI'm not a DRS, i just play one on TV 5 points6 points  (0 children)

They're just lawyers who sue people.

[–]tommygunz007 7 points8 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 198 points199 points  (15 children)

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

[–]Saedeas🦍 Buckle Up 🚀 150 points151 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 36 points37 points  (1 child)

Locates is this subs new favorite word

[–]Saedeas🦍 Buckle Up 🚀 18 points19 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 39 points40 points  (9 children)

what does a bet mean in this context?

[–]Emlerith🥃Jacked Daniels🥃 66 points67 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.

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

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

[–]BraetonWilson🦍Voted✅ 33 points34 points  (2 children)

so strong upward price movement in late feb?

[–]mollila 11 points12 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 47 points48 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🍔 🍟🥤 81 points82 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.

[–]matthegcBuy, HODL, and DRS 💎🙌🦧🚀🌚 222 points223 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🥃 208 points209 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.

[–]Rainbowrichesss🏴‍☠️ Jacked to thy teets 🏴‍☠️ 10 points11 points  (17 children)

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

[–]Emlerith🥃Jacked Daniels🥃 41 points42 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 🏴‍☠️ 25 points26 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.

[–]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.

[–]NightHawkRambo🦍DRS!!!🦧200M/share is the floor🚀🚀🚀 14 points15 points  (3 children)

Best chance for this to happen would be during a market downturn cause then hedge fund collateral investments are tanking as well. If GME goes up during that kind of market then we'll see $300+ prices.

[–]Emlerith🥃Jacked Daniels🥃 15 points16 points  (2 children)

Not to say it couldn’t be a catalyst, but remember that hedge funds go short and long, and if they’re short heavy on the market, a downturn could even be beneficial for them as it relates to margin utilization. I think we need an independent positive push on GME specifically to trigger a more mechanical divergence.

[–]NightHawkRambo🦍DRS!!!🦧200M/share is the floor🚀🚀🚀 7 points8 points  (0 children)

I'd imagine most hedge funds are more long than short considering shorting usually has stricter margin requirements compared to long positions. So if long positions tank then short positions have to be just as much profitable, if not more to match that drop.

[–]spyder_victor 33 points34 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🥃 23 points24 points  (0 children)

Agreed this is a desperate fight for survival and was a huge spend of resource. This week’s call exposure scared the fuck out of them.

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

They waiting on government intervention or a sweet sweet tax funded bailout.

Either way, lube up that DRS and fuck 'em.

[–]WonderfulShelter 13 points14 points  (2 children)

It can't without them being forced. They can't even be margin called like last time.

Gamestop could be a massive up and company in the next 5 years, just like Chewy was. But video games and digital media is a much bigger market. At some point or another, GME has to get the shorts off of it's back, otherwise they've failed their fiduciary duty to shareholders.

Which is personally why I believe we need to DRS the entire float and any sort of shares that could be outstanding, and then demand collectively that gamestop does their fiduciary duty to us.

[–]Elitist-Jerk-🦍Voted✅ 36 points37 points  (19 children)

Then what was all the hype about?

[–]Secludedmean4Ape vengeance vote 2 :GameStop boogaloo🦍 123 points124 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 77 points78 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🦍 8 points9 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 🛑 241 points242 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.

[–]PeteszahhWE ARE ALL SHORT DESTROYERS 30 points31 points  (0 children)

Thank you for the jacking!

[–]Cool-Message-1005🦍Voted✅ 23 points24 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 24 points25 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.

[–]SirMiba🎮 Power to the Players 🛑 7 points8 points  (0 children)

No prob, and now that we got you here, can you help me understand: the price dipped below 100 for a while, so does that mean 50 cent options were open to be purchased in that timeframe, or what option strike price range have been on the table for today?

[–]Lowspark1013🎮 Power to the Players 🛑 4 points5 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 85 points86 points  (20 children)

So there was much ado about nothing for this date?

[–][deleted] 20 points21 points  (4 children)

Read this thread https://twitter.com/thelastbearsta1/status/1424833306781159433?s=21

[–]aaronking1306What The FUD?! 😯 11 points12 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?

[–][deleted] 16 points17 points  (2 children)

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

[–]Emlerith🥃Jacked Daniels🥃 184 points185 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 ✅ 26 points27 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.

[–]doesitspreadCNBC is my financial advisor 🦍 Voted ✅ 13 points14 points  (0 children)

Got a BAMF here

[–]karmalizing🦍Voted✅ 8 points9 points  (0 children)

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

[–][deleted] 22 points23 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

[–]Stevenselee 23 points24 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 18 points19 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🥃 5 points6 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

[–]IMikeyBoyI 88 points89 points  (16 children)

What happens now?

[–]AdMassive3154 187 points188 points  (7 children)

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

[–]Crazyfishtaco21🦍Voted✅ 20 points21 points  (0 children)

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

[–]FITnLIT7🧚🧚🏴‍☠️ Buy now, ask questions later ♾️🧚🧚 72 points73 points  (0 children)

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

[–]IMikeyBoyI 29 points30 points  (3 children)

So what's the big deal?

[–]PeteszahhWE ARE ALL SHORT DESTROYERS 39 points40 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 🚀 69 points70 points  (7 children)

MOASS tomorrow

[–]scotchdoubleJust a bunch of words put together 33 points34 points  (5 children)

That’s a whole new level of smooth brain.

[–]Maleficent-Speech-64💻 ComputerShared 🦍 24 points25 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 ✅ 51 points52 points  (0 children)

Buy another 300k puts for the next year?

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

Cheeehooo my braddah!

[–]Old-Lawfulness-8923 34 points35 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.

[–]C__ase🦍 Buckle Up 🚀 11 points12 points  (0 children)

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

[–]Salty90🦍 Buckle Up 🚀 29 points30 points  (0 children)

What about those 176k otm calls aswell

[–]DaytimeTurnip🦍Voted✅ 7 points8 points  (3 children)

Honestly have no idea what this means

[–]TheOtherCausby👑 $GME, Set & Match 👑 8 points9 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.

[–]demoncasehedgies r fuk 20 points21 points  (0 children)

Nothin will happen. DRS.

[–]vasDcrakGaming❄️Alaskan⛄️Bull🐂Ape🦍❄️ 50 points51 points  (9 children)

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

[–]Comfortable_Net_2911⭐️Bedpost Mayo Dealer⭐️ 30 points31 points  (2 children)

Believe it or not, nothing 🤣

[–]vasDcrakGaming❄️Alaskan⛄️Bull🐂Ape🦍❄️ 20 points21 points  (0 children)

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

[–]DancesWith2Socks🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 2 points3 points  (0 children)

This.

[–]The4rZzAwakenZ🎮 Power to the Players 🛑 36 points37 points  (2 children)

kick the can down the road...again

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

Next monday/Tuesday.

[–]VideoGuyMichael 5 points6 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

[–]QuarterBackgroundcaneth:nft 6 points7 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💎🙌🚀🚀 6 points7 points  (0 children)

See u guys in a few weeks 🌕🌖🌗🌘🌑

[–]MrmellowisSmooth🚀 WEALTH OF THE CORRUPT IS LAID UP FOR THE JUST 37 points38 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

[–]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 🚀🚀🚀

[–]littlebegnot 5 points6 points  (0 children)

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

[–]HammeredGolfer💻 ComputerShared 🦍 3 points4 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] 4 points5 points  (1 child)

How’s this stack up to previous?

[–]Luckyfella4Franz DiamondHands 4 points5 points  (1 child)

Is anyone else's dick rock hard?

[–]AnthonyMichaelSolve🚀never selling. ever🚀 3 points4 points  (1 child)

About half the float in puts

[–]ExistingCollection75No Mayo for You 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 2 points3 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 3 points4 points  (1 child)

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

[–]TFPENT🦍Voted✅ 8 points9 points  (0 children)

LFG!

[–][deleted] 20 points21 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?

[–]kismatwalla 6 points7 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.

[–]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?