Same thing for me, let's see where it opens up, hoping it stays high for a bit, because Vega crush is a real thing, and my shorting the peak strategy isn't going to work if it's like now, that a 6 month to expiry put at 150 strike costs 90.

And Kodak was a great example, taking its sweet time to come down.

Amui

Canada10567 Posts

January 27 2021 00:35 GMT

#1025

On January 27 2021 07:49 CorsairHero wrote:
I've been holding GME since before the WSB effect started. Feels good

I bought in middle of last week, and ended up throwing a few months pay into it, all in a TFSA. It's roughly worth a years take-home for me now. I don't expect to get retirement money out of it, but it's definitely get ahead in life money.

Elon tweeted just after market close as well. I don't see how it doesn't increase again tomorrow. Already almost peaked at 250 in AH.

https://twitter.com/elonmusk/status/1354174279894642703?ref_src=twsrc^google|twcamp^serp|twgr^tweet

ShoCkeyy

7815 Posts

January 27 2021 06:53 GMT

#1026

This is mooning. The jig is up, the people have the power in the markets, all it takes is one big rally, and a lot of bad options.

AMC is the next one that I've been reading about, and in all honesty, I'm in. I love the movie theaters, and AMC definitely has been one of the fewer theaters that gave a good experience.

iPlaY.NettleS

Australia4379 Posts

January 27 2021 10:38 GMT

#1027

On January 27 2021 15:53 ShoCkeyy wrote:
This is mooning. The jig is up, the people have the power in the markets, all it takes is one big rally, and a lot of bad options.

AMC is the next one that I've been reading about, and in all honesty, I'm in. I love the movie theaters, and AMC definitely has been one of the fewer theaters that gave a good experience.

That would be great.
Saw a youtube video of a former SEC lawyer on CNBC + Show Spoiler +

who states the stock may be de-listed for 10 days due to market manipulation.Small time traders making billions at the expense of big hedge funds? Yeah they ain't happy about that.

Knowing reddit it's also quite possible the wallstbets sub will be banned at some stage especially if this spreads to other stocks.

Belisarius

Australia6233 Posts

January 27 2021 11:20 GMT

#1028

I mean, it clearly is being manipulated. The question is, once enough people have individually decided to manipulate the stock market, is it still manipulation or is it just the same as buying TSLA while the green line goes up?

WSB's days probably are numbered. I wouldn't be surprised if some of the advocates get chased as well.

Acrofales

Spain18197 Posts

January 27 2021 11:39 GMT

#1029

On January 27 2021 20:20 Belisarius wrote:
I mean, it clearly is being manipulated. The question is, once enough people have individually decided to manipulate the stock market, is it still manipulation or is it just the same as buying TSLA while the green line goes up?

WSB's days probably are numbered. I wouldn't be surprised if some of the advocates get chased as well.

It's dumb as shit, but it's a logical extension of the way our stockmarkets and our money printers are working. You don't want WSB to dick around with stocks? Reform the market. Closing down WSB is just going to make them move elsewhere. I don't think it is even against SEC regulations to do what they are doing: it's a loophole which cannot easily be closed.

{CC}StealthBlue

United States41117 Posts

January 27 2021 15:09 GMT

#1030

I love this, CNBC as of right now are losing their minds, hedge funds could go bankrupt because too many people played by their own rules and now Wall St is pissed.

The market being down is simply because Boeing chickens coming to roost.

FlaShFTW

United States10274 Posts

January 27 2021 15:26 GMT

#1031

The collective has spoken, and the 99% is rising up against Wall Street. And it's beautiful, it's fucking so beautiful.

WE LIKE THE STOCK

{CC}StealthBlue

United States41117 Posts

January 27 2021 15:59 GMT

#1032

So it seems CNBC is "reporting" out false info. Melvin has not gone bankrupt, yet. Almost seems like they want Reddit to start selling in order to save the hedge fund buddies.

https://www.reddit.com/r/wallstreetbets/comments/l6305c/coordinated_short_attack_citron_video_cnbc_fake/

KwarK

United States43505 Posts

January 27 2021 16:15 GMT

#1033

I like how the short interest keeps going up. They’re like scavengers smelling the decomposing animals in a tar pit. They can’t resist investigating and get stuck themselves, adding to the alluring smell. Other scavengers smell the corpses of the first and don’t understand why it’s not as appealing as it seems. Shorting at the current price looks way better than shorting last week because you get to profit off of the scavengers from last week. But that tar is just as sticky now as before.

Ryzel

United States540 Posts

January 27 2021 17:02 GMT

#1034

This can only end with big money teaming up and outlasting the meme lords right?

Vivax

22153 Posts

January 27 2021 17:03 GMT

#1035

Most short interest comes from the guys quoting the spread selling you shares, unless there's a real time quote of small spec short selling?

Chart looks a lot like the VW chart and will end accordingly. My platform doesn't even allow opening short positions on GME today (not that I would with this high a SI).

ShoCkeyy

7815 Posts

January 27 2021 17:12 GMT

#1036

On January 28 2021 02:03 Vivax wrote:
Most short interest comes from the guys quoting the spread selling you shares, unless there's a real time quote of small spec short selling?

Chart looks a lot like the VW chart and will end accordingly. My platform doesn't even allow opening short positions on GME today (not that I would with this high a SI).

It's funny cause I wasn't allowed to buy any call options above $200 for GME :D