Roaring Kitty puts this picture on X and suddenly GME is up USD 1 billion

[cesfx]

I just bought another few diagonals... Put may31/jun7, -33$put/+34put for 1.70$...

Red herring or that once in while wack I am never sure!

 

[newwurldmn]

I just bought another few diagonals... Put may31/jun7, -33$put/+34put for 1.70$...

Red herring or that once in while wack I am never sure!

I had a silimar trade on to make 5 or lose 8. I just close for a profit of 1.

Problem is the return distribution isn’t Gaussian. It’s uniform.

 

[cesfx]

Problem is the return distribution isn’t Gaussian. It’s uniform.

Interesting thanks. Does that mean that I should not expect that the long should hold much more premium than the diagonal cost, by the short exp?

 

[newwurldmn]

Interesting thanks. Does that mean that I should not expect that the long should hold much more premium than the diagonal cost, by the short exp?

I mean that the stock can be anywhere.

I made a $1 on my position (spot 32), but if i held it further into this selloff (spot 30) i would be negative on the trade due to spot vol correlation. The Spot vol corr is super strong, but the realized vol makes it hard to trade. Stock could just as easily be 20, 30, or 40 by the close.

 

[cesfx]

I mean that the stock can be anywhere.

I made a $1 on my position (spot 32), but if i held it further into this selloff (spot 30) i would be negative on the trade due to spot vol correlation. The Spot vol corr is super strong, but the realized vol makes it hard to trade. Stock could just as easily be 20, 30, or 40 by the close.

I understand, thanks. Return distribution of the stock.

I was trying to imagine something to do with IV on the term structure.

In fact, right now the position is losing about 50c, I can hold, I just hope it doesn't flip all the way into credit.

 

[semperfrosty]

@Pricechange

I am trying to have at least 2 pages of BLOCK.
I am still on page 1.

I block negative, hostile, toxic-spewing people.
I wouldn't engage in any discussion with them.

Ummm.Maxi lad,for your continued self development,your posts come across as both negative and hostile.

'Be the change' you would like to see on ET.

 

[semperfrosty]

Shorted some shares at 70...just starting the position.

Will short more on each jump of 15 dollars.


Amc is another joke.


This is just hilarious.

Companies are completely worthless.

People buying better be quick to sell because these will lose half their values in under a week.

You might be lucky with this one.

 

[maxinger]

3 May 2024 - day 1
Significant volume traded.
Start of uptrend.

There were similar attempts to push the price up before but the breakouts
were unsuccessful (probably because of no / poor publicity).


13 Mar 2024 - day 7
Before the market opens.
The sudden appearance of a man-playing game cartoon in social media.
The sudden awakening of Roaring Kitty.


14 May 2024 - day 8
uptrend continuation.
Newbies/oldies/kitties/doggies continue to show great interest in GME.
Upforce momentum continues ...
No sign of a U-turn.


15 May 2024 - day 9
volume is still significant.
But the price gapped down indicating
BUYERS << SELLERS
or upforce momentum exhausted.
Those who bought it on 3 May 2024 probably took some profits.

Next Roar Please.

16 May 2024 - day 10
volume has weakened significantly.
market opened with down gap ie downtrend continuation
BUYERS << SELLERS
Those who bought GME after the awakening of Roaring Kitty
must be weeping and gashing their teeth in despair.

END OF STORY.

Next ROAR please.

 

[maxinger]

Shorted some shares at 70...just starting the position.

Will short more on each jump of 15 dollars.


Amc is another joke.


This is just hilarious.

Companies are completely worthless.

People buying better be quick to sell because these will lose half their values in under a week.

You can now celebrate.

 

[semperfrosty]

You might be lucky with this one.

-30% lucky! haha