GME up over 100%.... what is going on now?

Grantx said:
Help my ape brain here..... does this mean it's likely to go up or likely to go down? I don't know wtf all this options stuff is but from your incredulous tone it means something.
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I think vanzandt is saying its likely to skyrocket up because people are buying very short-term calls with high out of the market strikes, and he thinks they must be "smart money" and know something is about to happen.
 
The value of the OI of Mar26 600C is $270K at mid. The high dollar strike (OI*prem) is the Mar26 200C and it's worth $4MM at mid on OI. There is no big money in this shit.
 
Saltynuts said:
I think vanzandt is saying its likely to skyrocket up because people are buying very short-term calls with high out of the market strikes, and he thinks they must be "smart money" and know something is about to happen.
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yeah well, someone is bidding $2.50 from the $475 strike to the $690.
I have no idea what that means, so I'm not really "saying anything"... except if I were short I'd flatten out or put myself in a boxed position.

It's either the greatest trick-f in history, or this thing is heading north bigtime.

I'll call my trade tommo.... 50 shares long pre-market.
I can only hope I get in south of $200.
Its for fun. Fr me at least.
This thing is a fools errand.

I have a feeling however....
But who knows.
Where's @Same Lazy Element?
He's layin' low, fixin to make bank

If it was gonna sell-off Salty, it would have by now.
Put yourself in a box pre-market tommo.
jmho
 
vanzandt said:
yeah well, someone is bidding $2.50 from the $475 strike to the $690.
I have no idea what that means, so I'm not really "saying anything"... except if I were short I'd flatten out or put myself in a boxed position.

It's either the greatest trick-f in history, or this thing is heading north bigtime.

I'll call my trade tommo.... 50 shares long pre-market.
I can only hope I get in south of $200.
Its for fun. Fr me at least.
This thing is a fools errand.

I have a feeling however....
But who knows.
Where's @Same Lazy Element?
He's layin' low, fixin to make bank

If it was gonna sell-off Salty, it would have by now.
Put yourself in a box pre-market tommo.
jmho
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Thanks vanzandt. A box is selling puts out of money and buying calls out of money with the proceeds?
 
Long (short) the natural and short (long) the synthetic in one account. It's illegal as a tax dodge (straddling tax years). Say you're long and you want to take gains but it's November and you'd like to defer the taxes to the following year... you sell the synthetic in January vol.
 
destriero said:
Long (short) the natural and short (long) the synthetic in one account. It's illegal as a tax dodge (straddling tax years). Say you're long and you want to take gains but it's November and you'd like to defer the taxes to the following year... you sell the synthetic in January vol.
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don't confuse him lol....
Salty.....
.... flatten the f out bro.
 
Not a trade reco but I can't see GME staying over 70 after earnings release coming mar 23. If I were trading it I'd short it if it loses 184 with exit target 72.

Rem I called TSLA short 794 cover target 550 and nailed the call. I don't short though. Should be a volatile week
 
destriero said:
ZN is up. NQ is up. GME bonds hit 107 in Asia tonight. $300 tomorrow.
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NQ may be up but the action tonight is haphazard. ES is flat. Asia doing the freaky-deaky Dutch. Where will Euro take it. I kinda didn't care because i spread out 6 months. But it is scary to watch. I hate it! Turn 2017 back on!
 
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