So the short sellers were hiding puts and FTD's by buying way ITM options, and in this way will make them net zero.
New DTCC rules have come inter immediate effect that this cannot continue.
Today was the first day that hedge funds have not bought way ITM call options.
A lot of these ITM options are for April 16th.
The play is that GME will probably do nothing for the next 2 weeks while these options expire, then the hedge funds will be on a countdown to finally deliver the FTDs.
Until then IV will be crushed to bleed the shorts hoping if it runs before then they could make back some of their losses.
It doesn't appear this will be allowed to happen.
Buy shares.
Physically wait until after April 16 as all options will be cheaper after the massive glut of options on April 16th expire.
Get ready for MAX PAIN, then Moon.
New DTCC rules have come inter immediate effect that this cannot continue.
Today was the first day that hedge funds have not bought way ITM call options.
A lot of these ITM options are for April 16th.
The play is that GME will probably do nothing for the next 2 weeks while these options expire, then the hedge funds will be on a countdown to finally deliver the FTDs.
Until then IV will be crushed to bleed the shorts hoping if it runs before then they could make back some of their losses.
It doesn't appear this will be allowed to happen.
Buy shares.
Physically wait until after April 16 as all options will be cheaper after the massive glut of options on April 16th expire.
Get ready for MAX PAIN, then Moon.
Trade active
No real change since yesterday, other then premiums on Calls increased by a good amount, like 5-15% even while the price dropped 8 dollars.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.