Apesmakingmoney
AMC settled at $37 as predictedThe trading volume was cut in half today and the steam is out. Even though the Call Put Ratio dropped to 0.66 today, which means for every CALL Option out there are 0.66 PUT Options out there. But we also see that 90% of the trades today were all within a one week horizon.
Gamblers. Just put your money there and leave the table.
The bank takes it all.
There are about 168,000 Put options to expire this Friday and about 262,000 Call option. I also will say that when a Call option goes one Dollar into the money, there will be no profit for the option holder. Very little if at all.
The huge Call option Barrier is at $40. about 35,000 contracts the Market Maker do not want to pay out and hence they will try to keep the price below that. Remember the Market maker also makes money when your calls actually go into the money. They have their positions covered, they bought the stock, the underlaying. When the call goes up and get sold back to the MM, the MM sells the shares for a higher price. He makes money on commissions and wins on the slippage. If the option expires worthless he gets the commission, no slippage but holds the stock. When you start buying Calls on Monday the Market maker already has the stock at hand
There are also about 22,000 Put option sitting at the $40 level. All of them will expire and since the Call options numbers are bigger it is less risky for the Market Maker to stay below $40. And even at 38 or 39 Dollar closing price tomorrow there is nothing lost with the Put options that are one Dollar in the money!
Thus my prediction is the price will stay at the $39 level and might slide to 38 by the end of the trading day.
And all of this depends if the apes can get their money together and chip it all in to run the price up so that their other bros can profit from it. But in the market everybody is your enemy. Dont wait for help. And today, after two strong trading days on Tuesday and Wednesday, the trading volume dropped by 50%. This is an indicator to me that the Market Maker are ready for the battle and have an excessive amount of shares. They didnt have to load up today. Their guns are full of powder. They will haven even more on Monday, which they will sell to the market and drop the price slowly.
The biggest mistake the Ape Army is doing betting on short terms. To the Moon, Bro!! All on board. if you follow the Option exchange then you would know that all those bets are gambler bets. Short term. They go off in smoke in a week.
Next week so far, there will be about 10,000 call option sitting at the $40 level and about the same amount at the $50 level. Thats it. Very little.
And there are 6,500 Puts sitting at the $20 Level, which might be insurance, married Puts. They have a 2 months expiration left.
Lets see Monday and lets see how it works out tomorrow.
Unfortunately I cannot attach any images. Though, that means do your own research.
NASA APEGINEER!I major in launch programs to the moon and this is my latest schematic for the AMC Program dubbed: Doritos And Popcorn. The last move from roughly 8.31 to 72.62 was roughly 500% in 2 weeks! Get ready for the next wave. I'm thinking on the safe side half of the last gain but, from an optimistic point of view since it was a bigger move this time I'm really thinking extremely larger like at least 800-1500%! Todays low was 47.77 just imagine 800%+ gains over the next 2wks....
Holy diamond balls, Batman! AMC is on the money! 🚀🌝AMC is moving in beautiful form! Look at this buying pressure! The area on the 50 SMA was starting to show signs of buying pressure, and here we are bouncing at 60. I am beyond blown away at this, and all I had to do was use my fUnDeMeNtALs to see that AMC is going to the moon! I'm buying more shares, I am an ape after all! 🦍 🚀🌕
AMC looks bullish! (edit)The full chart attached this time! lol I am posting my crayon drawings showing some interesting information messing with the 50 SMA and changing the line attribute in the input to area instead. It shows the areas of deep selling pressure, coinciding with dates of shorting with a possible mix of paperhanding. Coincidentally the days we had the hard rips are shown in green. Maybe I am a smooth-brained ape, but this has helped me keep track of price action (as well as doing DD) in a way I understand as I track this squeeze!
Stocks - GME Wave 3 600 Wave 5 1000+Idea for Gamestop:
- GME broke out of a Trend Bull Flag and is in a a Trend Cup & Handle.
- Not to be outdone by AMC, GME should see a very similar performance.
- MM spread will soon be broken and they will soon be deep underwater.
- Time frame of Wave 3 is this summer and Wave 5 should be EOY.
- Long term log trend:
TP1: 600
TP2: 1000
TP3: 2000
PT: 5600
GLHF
- DPT
Make or Break Resistance PLTRPLTR is back at another high-traffic area of resistance. There's been lots of accumulation between $24 and $25 over the last week or so. But I have a feeling if it can bust through this level, we might see it go back to retest the lower fib. If it can, though, I'm hoping that the next fib higher around $27 is the mark. I currently have a position in the $24 calls expiring July 16th so we'll see if some momo can't squeeze outta this between now and the next few weeks. Obviously, would love to see $26 tested first. Anyone else have thoughts on the 1-month outlook?
Has gotten caught up in some of the meme stocks hype but not full ape lol. Also had some good news from the CDC renewal this week.
GME gearing up for more upsideAs predicted in my older posts, GME is now nearing the completion of the Cup and Handle pattern. This is very bullish, and indicated that it is ready to continue its long term upward trajectory.
The long term trend we see with this pitch fork from the ATL to first peak and next low outlines that we should be expecting another test of the top of the 1x trend line at around 760 to 800, and after that, we could even see a run to the 2x trend line like in January at around 3000 to 3200 within a months time. This is the best case scenario.
I consider this trend invalidated if we fall below the purple zone between 90 and 80.
Gann Fann Appreciation Post, plus a word on CharityI just started messing around with this little tool in the last month or so, and it's really interesting what it shows. Kind of incredible, really.
There's an amazing amount of shadiness happening in the background with $gme, so predicting price action in the short term is going to be difficult. All I can say is that this isn't going to be comfortable for individuals or institutions with over-leveraged short positions. How long it might take is hard to say, but this is going to be historic one way or the other.
For all apes hodling with diamond hands, I'm really impressed with you all. You're really doing an amazing thing and your fortitude commands a lot of respect.
I love that you're adopting gorillas, buying game consoles for kids in hospitals, and all the other good things I see you doing. If I have the good fortune to realize the returns we seem to have coming to us, I'm going to donate to three charities. If you are looking for good ones to give to you might consider these:
innocenceproject.org : This is an organization of attorneys pushing for wrongly convicted people to have their cases reviewed and get them released. It's an expensive undertaking, and they need help.
Fight Malaria through www.givewell.org : The cost of saving a human life has been discovered. You can do it, too. Nowhere near as expensive as you'd think. For more info, this article is pretty good medium.com
www.stjude.org : This one is pretty famous, but their work is crucially important for research into the prevention and treatment of pediatric cancers.
Hats off to you, apes. Hold the line. We go moon.
AMC to the Moooon. Apes stonk together!For the first time in history, the average Joe can make a real fist against the financial system. In 2008 there where a lot of financial companies who were bailed out and lots of average Joe's had to pay the bill. The wound is still open, the debts were real, the houses they had to left, were real, the cars they had to live in, were real. Their PAIN is REAL.
It's never bin more obvious as it is right now, you can feel it, the time for revenge is NOW. They are united in achieving their goal.
This is not only for the possible gains, it is about showing the world the financial system is corrupt and our governments have to do something about it.
Trading via Dark Pools was created to protect the market, now it's mostly used to move the price in the direction they want.
Shorting a company was created to get too much air out of the price of a stock, now it is used to demolish companies only for their gains.
It's time the wealth get more equally distributed over the people.
No financial advise, but I love this movement and this stonk.
Diamond Handed Apes stay strong!