GME round 2, and Reddit is down...
- Thread starter kmiklas
- Start date
I wonder what would happen if all the short-sellers just covered on Monday. The stock went to 0% short float. (Is that even possible?)
Would GME price finally fall back in line with it's fundamentals?
After I saw Oil trade at negative prices last year...
I now know any thing can happen in the market.
Yet, I think all this crazy shit going on in stocks like GME is also causing weird market reaction in the Emini futures.
wrbtrader
After I saw Oil trade at negative prices last year...
I now know any thing can happen in the market.
Yet, I think all this crazy shit going on in stocks like GME is also causing weird market reaction in the Emini futures.
wrbtrader
I honestly think the CL thing was unique, a one-off. Something still stinks to high-heaven about that whole debacle. And it WAS a debacle!
I had carried short GME calls from the runup to 480 and was bid for them for 3 weeks. Didn't get filled. My stupidity
I even thought we could have round 2 and GME could see 150 or so , but never thought the vols would be so insane that the March 720 calls I could have covered at .65 would go to $35, the July 800 to 65.
I was even long GME, thinking around 150 I'd make money both ways , but Thursday my available funds at IB due to their real time marking went from positive 7 figures to negative 7 figures. I wired them millions.
In the end I took the loss right before it fell from 183. I never thought it had a chance to get back to 480 and still don't.
Wiped out all of this year's awesome 7 fig P&L and the reason I ate the loss was there are no longer tax-loss carrybacks.
That's the only reason.
I think anyone buying options above the old high is dreaming.
Thoughts on why the vol was a lot higher on rally #2?
I even thought we could have round 2 and GME could see 150 or so , but never thought the vols would be so insane that the March 720 calls I could have covered at .65 would go to $35, the July 800 to 65.
I was even long GME, thinking around 150 I'd make money both ways , but Thursday my available funds at IB due to their real time marking went from positive 7 figures to negative 7 figures. I wired them millions.
In the end I took the loss right before it fell from 183. I never thought it had a chance to get back to 480 and still don't.
Wiped out all of this year's awesome 7 fig P&L and the reason I ate the loss was there are no longer tax-loss carrybacks.
That's the only reason.
I think anyone buying options above the old high is dreaming.
Thoughts on why the vol was a lot higher on rally #2?
Try Thursday. I was millions of that
All in 45 days? Not likely
Next to impossible, please prove me wrong if you know a platform even reach 5% of IB's capacity in trading international stocks.