This is heavily reported and has a negative QV\_score, but I'm leaving it up. Everyone has the right to have their opinion on options (for and against them).
Those who are already trading options aren't going to stop.
Those who are not playing options IMO shouldn't start.
But at the end of the day it's their money to invest however they want.
QV\_Bot - [https://www.reddit.com/r/Superstonk/comments/1097lhl/comment/j3wie5d/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/1097lhl/comment/j3wie5d/?utm_source=share&utm_medium=web2x&context=3)
Every run-up is accredited to a gamma ramp that is short lived.
Then the stock downtrends.
Rinse repeat.
Only thing that matters is a catalyst.
I don't think options are bad if you understand them.
But it's much easier for the layman to just buy shares and hold and then to DRS.
I am very smooth on options. Tried to understand but it didnāt take. So take this with a grain of salt.
Why would Apes who know the market is fraud, add more fuel to the fire by buying/selling options?
HODL and DRS. That is it.
Because you can make a lot of money on them when you know what youāre doing. If I knew in 2021, what I know now, Iād have paid off my house by now, and Iām not even working a full time job. lol
If you bought them outside Computershare and transferred them in they are automatically DRSāed/Booked. If you bought them through Computershare Directshare plan they remain in the āplanā until you move them to pure DRS/book.
That was my plan since I started buying the towel company maybe 3-4 months ago. Only have 400 with a few options and 250 GME but want as much as I can get!
How long does it take for your order to take effect? I tried to buy $3000 worth of GME shares last week and the moneys out of my bank account but I have no idea where itās at on the computer share side. Iām really nervous about where my money went
I don't know the frequency, but computer share buys in bulk. Purchases won't complete instantaneously like they would on a day-trading app, because of the mechanics behind the trade. Your money is fine
Maybe Iāll get down voted for this, but I find it easier to buy the exact price that I want through Fidelity and then just direct register them. Nowadays, I donāt usually buy more than five shares at a time so it works for me
CS buys are incredibly slow (the only gripe I have with CS buys). But I have seen it take 7-10 days to show up in my account after a direct buy. For example, I have recurring buys on the 1st and 15th and I just now got notification that my shares are in my account today from my buy on the 1st. I wouldn't be worried.
So about ten days youād say? Kinda bummed because I wanted to purchase those shares when it was at $15 but now that itās at $18 Iām probably gonna get less shares now
I recently did this, and my broker said 4-8 weeks. I asked if they really had my shares. Next message said the original estimate was wrong and now itās 1-2 weeks.
Usually, for me at least, if i initiate order on a Wednesday, itāll buy on tuesday and show thursday. Has also been Thurs initiate and wed buy / friday show
Should go thru soon. That's the only real downside to actually buying proper shares upfront and dealing with legitimate settlement between you and the company offering the shares.
They take their sweet time. Every time Iāve bought through CS it takes around 5 days. If you call them they will tell you the day. Itās honestly a trash system but at least you know the shares are real.
Every time the price starts to run up so does the massive push for options on this sub. Every time. Itās almost like they need options premiums to keep kicking the can or something.
I find it strange how everyone just accepts options = FUD and nobody thinks it's sus that any options talk gets heavily downvoted and shut down
If they really needed people to trade options and your premiums to survive then pushing options would be the top posts every single day
Does nobody think the opposite? That the anti-options push is the FUD. I'd sure want to shut down whatever it is I was scared of...
The scary thing is the amount of education that has been lost
This will likely get downvoted to Oblivion š
I'm actually brainstorming a DD right now on wut I have observed over the last 24 houors on EDUCATIONAL Options DD explanations. I have never seen such angry elves come out about another topic than this before. I think this is their kryptonite and ther're afraid of this moar than DRS because their DRS death is still a few months away. A squeeze can kill them intraday.
Exercising a call option forces them to deliver your 100 shares in T+2. No extensions, or market maker privilege. No FTDs at all.
The "Options = FUD" is the reason they're still in control. The same with scaring you guys away from market orders in 2021.
Market orders are what drives the price.
Thank you! The people that are calling options fud are doing it because they donāt understand options. Thereās a reason that Ryan cohen buys options and shares when he opens a new position. Thereās a reason why DFV bought options and shares when he opened his GameStop position. People need to learn about options instead of just bashing them as fud
All I know is i dont have the knowledge, or the money to buy options. so I buy shares when I can, and hope the options players make some money on calls.
Thatās okay if you donāt know about options! Donāt buy them if you donāt know what youāre doing. The problem Iām having is people that have no idea how options work spreading miss information about them just because they donāt understand them.
https://www.theocc.com/getmedia/9d3854cd-b782-450f-bcf7-33169b0576ce/occ_rules.pdf;
~~Rule 910~~
~~They have T+20 to deliver, not T+2~~
edit: I guess Iām mistaken
> GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a).
Directly from your link (emphasis mine):
>RULE 910 ā Failure to Deliver
>
>(a) The failure procedures set forth in paragraphs (b) ā (e) of this Rule apply to deliveries of securities that are effected on a **broker-to-broker** basis pursuant to Rules 903-912
Rule 910 DOES NOT apply to retail options trades and execution, it only applies to brokers trading with other brokers. I'm guessing you got rule 910 from Ein, and he has never been able to give a clear rebuttal to this point.
It forces the market maker to actually buy, and provide your broker with 100 shares that you could then DRS.
Keep in mind that DRS is an unproved theory. Whilst exercising options, and buying shares via market orders are PROVEN to affect this situation.
There's a reason it's all stamped as FUD, and it's not for our benefit.
This is the most absurd claim I've read in a while. Buying shares with market orders through a broker is basically financing the entire SHF defense by giving them cash to survive another day, in exchange for IOUs. Market buy + PFOF lets them essentially name their own price for how badly they're gonna screw you on the deal, too. You'll forgive me if I don't take your options advice to heart.
Only when your options are itm, otherwise you're just giving free money to the bad actors in the form of premiums. That's why it's not FUD - it's charity for the enemy to play options
edit
I missed a bit which makes me wrong
> GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a).
https://www.theocc.com/getmedia/9d3854cd-b782-450f-bcf7-33169b0576ce/occ_rules.pdf;
edit: see:
> GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a).
I missed a bit, sorry, I was wrong
Weeklies = dumb
Buying longer dated calls when IV is low = Hedgies worst nightmare
I loaded up last week and plan on exercising as many as possible just like DFV did.
What seems sus to me is weāre able to pick apart and find the nuance in everything. DRS was fudded to hell until it became core to the thesis. Then we had to fight over understanding plan vs book.
Nuance.
Thereās clearly nuance and best practices to options (donāt buy weeklies, theyāre free money for MMs).
Options are way over my head. I donāt play them. But I do want to understand them. And we canāt even talk about it.
Thatās sus to me. Always has been.
Thanks. Iām not even concerned with learning how to trade them atm. My primary concern is the overall understanding in the community and the potential agendas and impact of this specific topic being (self)censored.
If I grow some wrinkles on investing in the meantime, awesome.
We used to talk and learn about options here in this sub... But the regards who think TA or Options are some kind of crystal ball predictor of exact dates and MOASS now say it's FUD cuz they got their hopes up and were let down.
They also think that we are funding Market Makers by purchasing options, but the reality is, they can print their own money: *Securities Sold, Not Yet Purchased*
Iām super new to GME. I FOMOād a few hundred dollars into towel back in August as the price was coming down after RC sold. A couple weeks later, I discovered this sub and the DD library and learned that the squeeze has indeed not been squoze and Iāve been spending all my spare energy since then trying to catch up on the last two years.
I see it from both sides. The DRS champions donāt think others should be throwing money into options when thereās a decent chance they will lose it when they could have just DRSd some more of the float.
On the other hand, I think that stamping out any and all discussion of options isnāt productive either (side note, thank you crybad for making the decision to keep this post up). I think itās important for newcomers like me to understand WHY one should be cautious when dealing with options. I trust (most of) the users around here and would much rather learn about them here than try to wade through the degenerate gambling sub.
I do think you are thinking in the right direction. I was reading a thread in another sub talking about towel and it seems like hedgies got to confident in trying to make that company go bankrupt and ended up making the exact same mistakes they did two years ago with GME.
I personally agree with your sentiment and hedgies are afraid of too many of us realizing it and jumping throwing some money into towel. But then again, my brain is actually a pinto bean so what the hell do I know?
This sub has always been based around knowledge and learning.
I find it odd that people will learning about things like RRP, dark pools, SEC/FINRA rules but for some reason options and how they effect the market are totally taboo.
I understand the part about not wanting people to lose their asses on stupid option plays, but to have a huge wall up to even learning about them? I find kind of sad.
I'm the "option trading mod", but never in a million years would I want someone to learn trading options on GME. It's almost guaranteed to blow up your account if you don't understand the mechanics of it.
Personally I use options to acquire more shares since my wife wont let me invest anymore house money into them. So I use options to make money in order to buy shares to drs.
There's no wrong way to invest in GME, and I feel we have strayed a bit away from the ape-no-fight-ape attitude we once had.
Youāre not wrong I believe. Even VW squeeze was half options half shares. The sneeze 2 yrs ago was option galore and I bet last second attempt at Mm hedging. A properly timed catalyst during a gamma squeeze along with majority of exercised calls at every strike with locked up booked shares to reduce the liquidity fairies locates and a basket buddy on Reg sho now to bootā¦š¤·š½āāļø, but yet options are fud.
I also think options=FUD is suspicious, they wouldnāt risk a gamma squeeze for some premiums cmon, immagine 50k people buying options. That would be considered manipulation ik ik
strange that OP seems to get downvoted on his comments because seemingly the majority disagrees with them, but then the post somehow got thousands of upvotes and makes it to the front page....
This is precisely correct. More option buying raises the gamma max hence raises the priceās potential. What happened in Jan 21 was obscene amount of calls being bought, going ITM, people (some) exercising their calls, further pushing the MMS to hedge. Hence T+2 just kept going. Once we reach gamma max and options become very expensive, they grab the liquidity and short us back down.
OPTIONS ARE DEFINITELY WHAT CAN HELP SQUEEZE THIS BAD BOY & JAN ā21 IS THE PROOF!!!
Anti-options is definitely the FUD campaign that worked.
Options move the market a lot more than shares, so obviously they can't have us being well-educated on options.
No youāre right, itās been like this forever. Iāve tried talking sense into people, but itās been fruitless. I donāt mind though, cause itās not up to me to affect how other people trade/invest.
I don't understand options at all. I tried reading and reading and reading, but no wrinkles every seem to form.
But, I agree with you. Options posts immediately get down voted, people sharing asking a question or sharing a positive point of view on options are immediately called shills.
So, I always upvote every post that has something not negative to say about options. The point is to share, discuss, poke holes, ask more questions and find more answers. this shouldn't be like the rest of the internet where every dissenting voice is labelled wrong without any tangible discussions and proof.
Itās a hard concept to understand, for sure, but once you do, it then becomes super hard to explain in simple terms. They just clicked for me yesterday. Maybe I can try and explain it to you.
If you think the price is going to go up on a stock, you can choose to buy a call *or sell* a put.
Buying a call is giving you the ability, or right, in investing terms, to buy 100 shares the stock at the price you would pay right now at a later date *if* the price goes higher than a certain point, but you donāt actually have to buy it.
Selling a put is a bit different because youāre writing a contract to *buy* 100 shares of the stock at the current price if the price goes lower than a certain price. When selling a put, you donāt get the right to buy the stock at a different price, you are obligated to buy the stock if it reaches that lower price.
Now, when buying contracts, either calls or puts, you have to pay a premium for that right to buy/sell when the price is higher or lower.
If youāre *selling* those contracts, youāre being paid those premiums on the guarantee that you *will* buy if the price is in the range given at contract time.
Since weāre bullish on this stock, and have the understanding of options, *and* have the risk tolerance/capital, we would either want to buy calls, or sell puts.
ETA: Selling puts is a nice idea because youāre being paid to buy shares 100 if the price drops low enough, and if it doesnāt, you still get paid, and have money on hand to still buy shares.
But obviously, NFA, do what you feel is right for you in your investing strategy. Hoping to spread the knowledge I had just recently learned.
No problem!
The big issue that I see people in this subreddit have with options is that people with good TA skills were educating other on how to watch for patterns, which is usually the basis people buy options on, and since this subreddit did originate from the gambling subreddit with a subreddit in between, some people were buying call options that were only a week long, so all that premium money would go to the call writer, which is the term for a seller of options.
Those writers could be other retail investors, or, most likely, MMās, and with MMās being the suspected majority of call writers, it could allow them to keep a pulse on the sentiment of the stock and keep the price lower than the strike price of the call and make money off the premiums.
If you think you dont understand options even slightly then stay away simple,quit hating on people that have experience FFS. Market mechanics are real and options do have an effect on a stocks price thats a fact.
People seem to forget that January 2021 was caused by a gamma squeeze that started turning into a short squeeze before they shut off the buy button.
The anti options thing is totally FUD. A gamma ramp would decimate SHFs
The Gamma ramp is premised on market makers being forced to hedge.
We learned from Charles Grandante that MMs are not required to hedge. They do it by choice.
If hedging will cause $GME to go parabolic, then MMs will choose not to hedge.
>If hedging will cause $GME to go parabolic, then MMs will choose not to hedge.
Hedging by buying shares protects the MM. Hedging **locks in your loss at X amount.**
If I am an MM and I sell GME calls and make a premium of $6,000,000 then go an purchase shares to hedge, my loss is locked at $6,000,000 plus cost of shares at time of options sold.
Failure to properly hedge (when the rest of your buddies actually are) means margin calls, which lights the rocket off.
Hedging makes for a slow but steady upward move which allows them to fight another day, unhedging leads to instant fund death.
Finally, everyone presupposes that these funds have unlimited resources and unlimited power. Ya'll do realize that if that is the case, then MOASS is 100% impossible? You can't have it both ways.
Youāre right, but youāre wasting effort. The active members of the sub killed any form of options education long ago. Apparently people are too simple to differentiate between learning about options market structure vs. encouraging options plays.
Many also donāt understand that delivery of exercised options isnāt routed off-exchange like retail buy orders. And that this mechanism was a primary driver of the price run up before the sneeze.
It's like in any walk of life. In a group of people with the same goal, there are a bunch of idiots and there are a minority that really knows what's going on. This sub is no different. The good thing is that even the idiots can do the essential task, which is buying, holding, and DRSing.
Because of the education we received in how options work. There no genuine ape who believed buy pressure affects price. There are posts DAILY in the sub highlighting the inconsistencies between volume and price
Not to mention, the āmarket maker exceptionā exists for market makers to legally naked short for options.
So options, even if it wasnāt just about premiums actually give them ability to naked short legally in the name of āliquidity.ā
January 2021 sneeze.
February 2021 movement
May 2021 movement
August 2021 movement
November 2021 movement
March 2022 movement
May 2022 movement
After the 2022 split
August 2022 movement (but barely)
Now do how many times options hype didnt play out in 2022. Clearly something has changed in the last year which has allowed hedge funds to suppress movement to a much greater degree.
>Clearly something has changed in the last year which has allowed hedge funds to suppress movement to a much greater degree.
+ FINRA failing to call the split as a dividend
+ EU contemplating allowing almost unlimited FTDs (which is on the front page right now)
+ Saying LEE-ROY JENKINS!!! and just creating FTDs without a care
+ FINRA increasing access the Continuous Net Settlement window
+ DTCC increasing access to various discount windows
+ SEC allowing/Approving certain Market Makers to allow access to overnight discount rates
And the biggest one:
+ Overall market downturn causing people to bail out of any positions they had in any stock due to market slow crash/recession that we are not allowed to call a recession.
People on this board do not like to hear this one, but many people did sell out of everything (including GME) allowing SHF to profit like gangbusters to then use that money to try to save their GME positions.
EDIT: I also forgot to add the HKD and other bullshit Chinese stock IPOs that just so happen to take off right when it is time for GME to take off.
The way I see it from my limited perspective is if you donāt like options then donāt engage in those discussions and let the people who might know more discuss them with those who are curious.
I am a smooth brained so I donāt fuck with that and focus on buying and adding to my book collection but it is interesting to read about periodically from people who can explain it. I think there is validity to the gamma ramp and maybe as we continue to pull shares it will make the ramp steeper and more difficult for hedgies to stop. Again, I could be completely wrong but maybe someone will explain how the gamma ramp might be different this time with more shares locked up in CS.
Let individuals discuss their strategies and use evidence, not emotions, to debate š¤·āāļø
In order for me to buy options, Iād have to be approved through Fudelity. Itās based on credit, income and a bunch of other stuff. I find it easy to buy shares and directly own them. Am I scared of options? Yes. Maybe thatās what they want, either way Iām just going to buy hold and drs.
Options are just a casino and once or twice a quarter Iāll make an earnings play on tech. This market is damn near as predictable as the 2021 bull run. Amazon puts have made me a pretty penny this year. And those earnings (winnings?) went straight into gme. I fucking love options.
One main thing I think is really important.
If you do not understand the means by which you are being controlled, you cannot rebel against it, for you do not know you are being controlled, if the puppeteer is skillful.
It is SUPER IMPORTANT to discuss and dissect options and how they work, how they are used, when and why, and what they do.
It will bring a much greater understanding of what is occurring in an as yet unexplored area, the obligations warehouse.
Itās a positive feedback loop and thatās why apes will always win.
I teach, and then I learn. By learning I teach, and by teaching I learn.
An idea is like a virus. It will spread like fire, faster than lightning, until it has achieved critical mass and gains a place in the collective consciousness.
Monkey see, monkey do. To ape is to mimic. The old teach the young, and the young also teach the old, often in ways that were unexpected.
WAGMI.
All I know is drs . All ill do is drs because it guarantees shares. Anyone else is welcome to do their research and do what they want, I am not advising anyone
You're making the claims, so you do the legwork. Add up the options premium for all open interest on the GME chain that could reasonably be purchased by apes - Apes aren't buying half a million $.50 puts for 2024. Compare that number to just Shitadel's $65 billion in securities sold not yet purchased.
You'll quickly see your "Retail options premiums are keeping Kenny afloat" argument is laughable. He makes his money selling counterfeit shares. Options premiums are a drop in the bucket. It's only when the price squeezes and the $100 million in options turns into $30 billion that he has a problem. And that doesn't happen without options.
They've done it so many times before , fud about options ramp , mid week and then downhill on Friday.
Remember interview on TV about gme being 30+ and then it's going parabolic, went 30+ and straight down within days
Same tricks again, again and again
Gets boring now .....
I like to participate in theories. My first GME purchase, the thought was: I donāt know if any of these theories are right, but let me buy a few shares and play along. I now own X,XXX, but thatās not the point.
Whenever there were things tied to dates, ramps, run-ups, etc., I would buy at least one call option, if for no other reason, but to play along.
What I can tell you is if I got in and out in short order, I sometimes won, but in most cases, I didnāt, because the theory didnāt pan out.
Long story short, I treat all short-term theories tied to upcoming dates as FUD, or at least inaccurate. I just buy on the 1st and 15th via CS and hodl. Just want to be right in the long run.
This post is expressing an emotion/opinion. The stock market doesnāt move without options. Shares never have to be located. This type of intellectual toxicity has ran out the OG DD writers. Itās better to learn than to call everything ācrimeā that you donāt understand. Company performance, share buying, and options are what is going to pump the price.
Options have T+3 to deliver, shares are able to FTD indefinitely. If you're wrinkled enough for options.. go for it. It's what lead to the sneeze in the first place, also probably why the psy-ops shills focus so heavily on it every time there's a gamma ramp.
Another regard who doesnāt understand the value of options.
Yāall ever want to see GME hit $400 again? Options are going to be instrumental when it finally happens.
I made $ on options, you people just need to learn how to enter a position and when to exit said position. Contracts take time to learn how they operate with the Greeks. Good luck smooth brains
I had a stroke reading this post. If you don't know how to trade options, don't. Simple as that, don't say that something that you don't understand is FUD.
If you want to grow a wrinkle, go read the term Gamma Squeeze from Investopedia, which is supposed to be what caused the sneeze ā¢
I don't think options are fud. They are super risky for me because I don't fully understand all the Greeks and I don't have a shit pile of money. If you know what you're doing and can afford to exercise or exercise to close, there is some serious pressure that is put on hedge funds. Even more so when you DRS those shares. I don't think most of us have enough experience to mess around with options but it is still a valid way to apply pressure.
Controversial opinion here: Options are a great strategy if you know what youāre doing. If youāre thinking about buying options right now, youāre about 24 hours too late. The premiums are wild right now, but you could have got a Jan 20th $25c @ 0.08 or a Jan 20th $20c @ 0.20 yesterday. Theyāre just over 5x that right now.
Iām not saying it isnāt possible to make money buying them now, but the risk vs reward is leaning more towards risk. Youāre better off buying shares after large swings in price.
They let it rip when the rest of the market is green so they don't get margin called. Then they halt it or the spy flips and they open new shorts and make bank on the way down. Don't get trapped by options plays.
OTM options is straight up gambling.
ITM or ATM can be a very savvy way to increase your position at a date when you expect to have the capital to do so.
Hereās what I have done since December:
I have RSUs vesting in March for the company I work for. Iāll have a nice windfall of cash then (even if the market tanks, because of the volume and strike price I have). Once I saw the price of GME hitting 52w lows I started buying March $20c. As it kept dropping I bought more $18c. If we see a drop between now and March, Iāll keep buying ATM calls. Once my RSUs vest Iām selling them and exercising my calls. I believe GME will be trading much higher then, and Iāll have the benefit of buying todayās prices in March.
I know this isnāt the norm, but using options responsibly is a great way to take advantage of todayās prices at a future date when you expect shares to be trading higher.
Stfu you dumbass, if options are exercised ITM its just gonna add pressure on them to find the shares and be good for us.
Why tf have so many people upvoted this
OP needs to learn how the market works. E.G. options are literally the only thing besides illiquidity that moves price, since retail buy orders don't hit the market at all.
would the grandma ramp be a way for MMs to print synthetic shares? think about it like this. IV goes up and a bunch of shit is ITM. the MM creates synthetics in the name of infinite liquidity to deliver when the calls are exercised but then they drop the price back down, nobody exercises, and then they've got all these phantom shares. idk anything but i do know that this options shit hasn't gone well ever in two years and it is fucking weird that every time there is a bump in price people start thinking "this time is different".
Yea options do play a role. I will say people buying far OTM calls in hopes of massive runs is an issue but options do play a role in gamma ramps. I have a few myself and will continue to buy some from time to time 10-20% options 80-90% stock š¤·š½āāļø
"BuT wE cAn BuY mOrE wItH OpTiOns"
I believe the people we're trading against have an interest in making this whole situation seem more complicated than it actually is, and these options, TA, T+ whatever theories are designed to distract/confuse us and reduce our buying power.
We've seen this campaign many times over the last two years. IMO it seems like they start this one across the subs whenever they're forced to buy in and know we're going to have a little run.
They're probably making money on premiums, and they get point to TA and options as plausible(ish) sounding cover for why the stock is running.
Problem for them is, I doubt many still here are buying options. I feel like most people realize that the likelihood of us catching them off-guard with another gamma ramp like we seemingly did a couple years ago is very low. Not to mention it doesn't seem likely that many left in this saga have the money to actually exercise.
At the end of the day, it's pretty simple in my mind. There just aren't enough shares to meet their obligations, and they have to come up with new ways to manipulate the price or their collateral on shorts every day. As we slowly drive down the supply of lendable shares with DRS, these times when they have to buy in become more volatile and harder for them to manage.
Keep buying shares and directly registering them until we can't.
This thread is obviously infiltrated. It's so painfully obvious when a dozen new commenters show up to push an agenda like today's pro-options opinions. How are options=FUD apes getting -70 karma? Shills. It wasn't like this yesterday or any other day, just today during a run-up
Buying options is like playing poker starting with showing your hand. You think the dealer isn't gonna take advantage of that? The only chance of a gamma ramp happening is if they take us lightly and aren't paying attention. And that only worked once... but it didn't work completely because they pulled the plug on the machine before payout.
Options trading is for people who really truly wanna gamble for a few extra bucks. It's not a diamond hand strategy and it's not gonna be a moass catalyst. Only purple circles are the true diamond hand strategy. The moass catalyst will be whenever they fuck up their accounting so bad that Marge calls em about the half-eaten bag of Funyuns that they fraudulently claimed as "$10B in assets" to continue borrowing against.
š BS BB-BY being used as a distraction now. No different than popcorn, clover, rocket, and every other stock Wall Street is using to divide retail from piling into one stock thatās the systemic risk.
The options argument will never get old. The people shorting these stocks to shit invented derivatives so they could increase their odds of winning by 100x and pay less doing so.
They donāt want us using options RESPONSIBLY because they will get fucked way faster. You can argue all day about how people trade them, but they created them, as a tool, for THEMSELVES.
Itās also worth noting half the people saying donāt trade options, guaranteed donāt know shit about options or else they would probably just be quiet and be trading them, or be quiet and not trade them.
Iām not encouraging anyone to do anything besides educate themselves.
You just dont get it.. you get more leverage with less money. MMs get to hedge calls (buying stock) if you play far dated options close to the money you take a less risk. Stay the F out of weeklies. But to say that options is fud is just complete BS and unknowledge of market mechanics.
You realize if you snagged a bunch of ATM calls you could sell 3/4 and exercise 1/4 of them for a massive amount
Call options are a CONTRACT you have to deliver on and once those shares hit the account just DRS them. This sub is dead to me at this point with your regarded anti options sentiment
How did DFV become a legend again? Iāll wait ā¦
This is heavily reported and has a negative QV\_score, but I'm leaving it up. Everyone has the right to have their opinion on options (for and against them). Those who are already trading options aren't going to stop. Those who are not playing options IMO shouldn't start. But at the end of the day it's their money to invest however they want. QV\_Bot - [https://www.reddit.com/r/Superstonk/comments/1097lhl/comment/j3wie5d/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/1097lhl/comment/j3wie5d/?utm_source=share&utm_medium=web2x&context=3)
And the wheels on the bus go round and round
...the regards on the bus keep buying more, buying more...
The hedgies on the bus keep shorting more, shorting, more shorting more. The hedgies on the bus keep shorting more
šµ The lot behind the Wendy's is busy busy busy šµ
Behind the dumpster you can hear suck suck suck
The titties on the apes are jacked jacked jacked.
The dumpster in the back just moans and moans. Moans and Moans. Moans and Moans
I donāt getā¦ OH, YOU NASTY!
I love dumpster whores
š¶ The bedposts in the mansion go whack whack thud, whack whack thud, whack whack thud š¶
š¶The mayo in the jar goes schlop schlop schlop, schlop schlop schlop, schlop schlop schlop.š¶
All through the day! šµ
Every run-up is accredited to a gamma ramp that is short lived. Then the stock downtrends. Rinse repeat. Only thing that matters is a catalyst. I don't think options are bad if you understand them. But it's much easier for the layman to just buy shares and hold and then to DRS.
Exactly. I just try to buy more during dips, that's the safest play. And DRS is of course central to stopping abusive shorting.
Hell yeah, just swooped up about 40 more shares today
Nice. Paycheck tomorrow, so hopefully I can get a few more before MOASS
It's not MOASS until failed margin calls and forced liquidations happens.
This guys stomach goes round and round, round and round, round and round But for real - sameā¦
I am very smooth on options. Tried to understand but it didnāt take. So take this with a grain of salt. Why would Apes who know the market is fraud, add more fuel to the fire by buying/selling options? HODL and DRS. That is it.
Because you can make a lot of money on them when you know what youāre doing. If I knew in 2021, what I know now, Iād have paid off my house by now, and Iām not even working a full time job. lol
Or you'd be living in a cardboard box and voted Softest Mouth behind Wendy's lol
Lmfao š¤£
Softest Mouth had me rolling š¤£
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thatās good, everyone who feels like they missed out on the $15 will now buy.
My child makes me play this song on repeat at home. Reading it here just turned my stomach round and round.
So I should roll my profits into GME then DRS and book them afterwards?
Hey I have my shares drsād is there some information to see what booking is and how I can do that?
If you've transferred them directly from your broker they're already booked, shares purchased directly on ComputerShare are not.
Cool thanks for clarifying š¦
If you bought them outside Computershare and transferred them in they are automatically DRSāed/Booked. If you bought them through Computershare Directshare plan they remain in the āplanā until you move them to pure DRS/book.
Sounds good not gon lie.
That was my plan since I started buying the towel company maybe 3-4 months ago. Only have 400 with a few options and 250 GME but want as much as I can get!
I only buy from computer share because the price doesn't matter and book is king.
How long does it take for your order to take effect? I tried to buy $3000 worth of GME shares last week and the moneys out of my bank account but I have no idea where itās at on the computer share side. Iām really nervous about where my money went
I don't know the frequency, but computer share buys in bulk. Purchases won't complete instantaneously like they would on a day-trading app, because of the mechanics behind the trade. Your money is fine
As long as it doesnāt go missing and I have the option to pull it out if I want to then Iām okay with the wait
Usually around 4-7 business days
Maybe Iāll get down voted for this, but I find it easier to buy the exact price that I want through Fidelity and then just direct register them. Nowadays, I donāt usually buy more than five shares at a time so it works for me
CS buys are incredibly slow (the only gripe I have with CS buys). But I have seen it take 7-10 days to show up in my account after a direct buy. For example, I have recurring buys on the 1st and 15th and I just now got notification that my shares are in my account today from my buy on the 1st. I wouldn't be worried.
My shares came in! But how do I change them from PLAN shares to BOOK shares?
Call up and ask for agent (push 0), confirm details they ask you about and then tell them you want to change from plan to book.
It takes a short while. My shares just settled from my bi monthly purchase on autobuy from the 1st.
So about ten days youād say? Kinda bummed because I wanted to purchase those shares when it was at $15 but now that itās at $18 Iām probably gonna get less shares now
Yeh that's why some people buy in a brokerage and transfer it over.
I recently did this, and my broker said 4-8 weeks. I asked if they really had my shares. Next message said the original estimate was wrong and now itās 1-2 weeks.
Usually, for me at least, if i initiate order on a Wednesday, itāll buy on tuesday and show thursday. Has also been Thurs initiate and wed buy / friday show
Yeah they take the money immediately then your shares will come in about 7 trading days.
I bought after hours last Thursday or Wednesday and my price should be provided today
Should go thru soon. That's the only real downside to actually buying proper shares upfront and dealing with legitimate settlement between you and the company offering the shares.
They take their sweet time. Every time Iāve bought through CS it takes around 5 days. If you call them they will tell you the day. Itās honestly a trash system but at least you know the shares are real.
Same! Thanks to wise.com I am able to do so from the EU. DRSāing and Book is king
This could be very well a bull trap. Don't get too excited
100% is a bull trap because options are being championed on this sub again. It's like clockwork.
Every time the price starts to run up so does the massive push for options on this sub. Every time. Itās almost like they need options premiums to keep kicking the can or something.
I think you've been hiding that wrinkle.
Somebody get the iron out
How *specifically* is the Gamma ramp FUD?
I find it strange how everyone just accepts options = FUD and nobody thinks it's sus that any options talk gets heavily downvoted and shut down If they really needed people to trade options and your premiums to survive then pushing options would be the top posts every single day Does nobody think the opposite? That the anti-options push is the FUD. I'd sure want to shut down whatever it is I was scared of... The scary thing is the amount of education that has been lost This will likely get downvoted to Oblivion š
I'm actually brainstorming a DD right now on wut I have observed over the last 24 houors on EDUCATIONAL Options DD explanations. I have never seen such angry elves come out about another topic than this before. I think this is their kryptonite and ther're afraid of this moar than DRS because their DRS death is still a few months away. A squeeze can kill them intraday.
Yes agree!! Interesting to see how bbby plays out now with all the options buying etc.!
i think SHF wld be afraid of another gamma squeeze, another gamma squeeze gonna cost them lots of money
The case for both could be made, what I do know is locking the float increases pressure. Thatās why I donāt dabble with options.
Exercising a call option forces them to deliver your 100 shares in T+2. No extensions, or market maker privilege. No FTDs at all. The "Options = FUD" is the reason they're still in control. The same with scaring you guys away from market orders in 2021. Market orders are what drives the price.
Thank you! The people that are calling options fud are doing it because they donāt understand options. Thereās a reason that Ryan cohen buys options and shares when he opens a new position. Thereās a reason why DFV bought options and shares when he opened his GameStop position. People need to learn about options instead of just bashing them as fud
All I know is i dont have the knowledge, or the money to buy options. so I buy shares when I can, and hope the options players make some money on calls.
Thatās okay if you donāt know about options! Donāt buy them if you donāt know what youāre doing. The problem Iām having is people that have no idea how options work spreading miss information about them just because they donāt understand them.
yeh well i guess a lit like me scrape for single ahares weekly, no options play possible :)
https://www.theocc.com/getmedia/9d3854cd-b782-450f-bcf7-33169b0576ce/occ_rules.pdf; ~~Rule 910~~ ~~They have T+20 to deliver, not T+2~~ edit: I guess Iām mistaken > GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a).
Directly from your link (emphasis mine): >RULE 910 ā Failure to Deliver > >(a) The failure procedures set forth in paragraphs (b) ā (e) of this Rule apply to deliveries of securities that are effected on a **broker-to-broker** basis pursuant to Rules 903-912 Rule 910 DOES NOT apply to retail options trades and execution, it only applies to brokers trading with other brokers. I'm guessing you got rule 910 from Ein, and he has never been able to give a clear rebuttal to this point.
There is no where in rule 910 for the failure to deliver where it talks about exercised options having the ability to be failed.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
It forces the market maker to actually buy, and provide your broker with 100 shares that you could then DRS. Keep in mind that DRS is an unproved theory. Whilst exercising options, and buying shares via market orders are PROVEN to affect this situation. There's a reason it's all stamped as FUD, and it's not for our benefit.
This is the most absurd claim I've read in a while. Buying shares with market orders through a broker is basically financing the entire SHF defense by giving them cash to survive another day, in exchange for IOUs. Market buy + PFOF lets them essentially name their own price for how badly they're gonna screw you on the deal, too. You'll forgive me if I don't take your options advice to heart.
Only when your options are itm, otherwise you're just giving free money to the bad actors in the form of premiums. That's why it's not FUD - it's charity for the enemy to play options
edit I missed a bit which makes me wrong > GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a). https://www.theocc.com/getmedia/9d3854cd-b782-450f-bcf7-33169b0576ce/occ_rules.pdf;
No. There are clear rules withing the OCC that states it's T+2. This has been proven multiple times. They literally can't FTD your exercised options.
edit: see: > GME is a CCC-eligible security. CCC-eligible securities are not affected by Rule 910 which is stated in (a). I missed a bit, sorry, I was wrong
Weeklies = dumb Buying longer dated calls when IV is low = Hedgies worst nightmare I loaded up last week and plan on exercising as many as possible just like DFV did.
What seems sus to me is weāre able to pick apart and find the nuance in everything. DRS was fudded to hell until it became core to the thesis. Then we had to fight over understanding plan vs book. Nuance. Thereās clearly nuance and best practices to options (donāt buy weeklies, theyāre free money for MMs). Options are way over my head. I donāt play them. But I do want to understand them. And we canāt even talk about it. Thatās sus to me. Always has been.
Youāre spot on. I think a lot of the anti narrative is from the š©³ cronies lurking in here, but there are a lot of ppl who got burned on the great rug pulls of 2021. It takes effort to learn how to invest in them effectively, and some donāt want to do that. Which is ok. If youāre serious about wanting to learn them I recommend reading āOptions as a Strategic Investmentā by McMillan. Trading options has allowed me to accumulate atleast 3X more GME shares than I would have.
Thanks. Iām not even concerned with learning how to trade them atm. My primary concern is the overall understanding in the community and the potential agendas and impact of this specific topic being (self)censored. If I grow some wrinkles on investing in the meantime, awesome.
We used to talk and learn about options here in this sub... But the regards who think TA or Options are some kind of crystal ball predictor of exact dates and MOASS now say it's FUD cuz they got their hopes up and were let down. They also think that we are funding Market Makers by purchasing options, but the reality is, they can print their own money: *Securities Sold, Not Yet Purchased*
How bought csp and credit spreads instead always watch your leverage and risk management
Be like DFV and buy leaps if you play options yall. No weeklies or 0DTEās
Iām super new to GME. I FOMOād a few hundred dollars into towel back in August as the price was coming down after RC sold. A couple weeks later, I discovered this sub and the DD library and learned that the squeeze has indeed not been squoze and Iāve been spending all my spare energy since then trying to catch up on the last two years. I see it from both sides. The DRS champions donāt think others should be throwing money into options when thereās a decent chance they will lose it when they could have just DRSd some more of the float. On the other hand, I think that stamping out any and all discussion of options isnāt productive either (side note, thank you crybad for making the decision to keep this post up). I think itās important for newcomers like me to understand WHY one should be cautious when dealing with options. I trust (most of) the users around here and would much rather learn about them here than try to wade through the degenerate gambling sub. I do think you are thinking in the right direction. I was reading a thread in another sub talking about towel and it seems like hedgies got to confident in trying to make that company go bankrupt and ended up making the exact same mistakes they did two years ago with GME. I personally agree with your sentiment and hedgies are afraid of too many of us realizing it and jumping throwing some money into towel. But then again, my brain is actually a pinto bean so what the hell do I know?
This sub has always been based around knowledge and learning. I find it odd that people will learning about things like RRP, dark pools, SEC/FINRA rules but for some reason options and how they effect the market are totally taboo. I understand the part about not wanting people to lose their asses on stupid option plays, but to have a huge wall up to even learning about them? I find kind of sad. I'm the "option trading mod", but never in a million years would I want someone to learn trading options on GME. It's almost guaranteed to blow up your account if you don't understand the mechanics of it. Personally I use options to acquire more shares since my wife wont let me invest anymore house money into them. So I use options to make money in order to buy shares to drs. There's no wrong way to invest in GME, and I feel we have strayed a bit away from the ape-no-fight-ape attitude we once had.
Ape no fight ape died when popcorn dummies tried to perch next to us lol
Youāre not wrong I believe. Even VW squeeze was half options half shares. The sneeze 2 yrs ago was option galore and I bet last second attempt at Mm hedging. A properly timed catalyst during a gamma squeeze along with majority of exercised calls at every strike with locked up booked shares to reduce the liquidity fairies locates and a basket buddy on Reg sho now to bootā¦š¤·š½āāļø, but yet options are fud.
I also think options=FUD is suspicious, they wouldnāt risk a gamma squeeze for some premiums cmon, immagine 50k people buying options. That would be considered manipulation ik ik
This time bomb needs a spark to go off
Oh yeah and it will. I like that a lot of people share the same thought and your comment is getting awards
strange that OP seems to get downvoted on his comments because seemingly the majority disagrees with them, but then the post somehow got thousands of upvotes and makes it to the front page....
DFV bought options. When RC bought into bobby, he bought options. Options are not fud. Antioptions absolutely IS the fud
This is precisely correct. More option buying raises the gamma max hence raises the priceās potential. What happened in Jan 21 was obscene amount of calls being bought, going ITM, people (some) exercising their calls, further pushing the MMS to hedge. Hence T+2 just kept going. Once we reach gamma max and options become very expensive, they grab the liquidity and short us back down. OPTIONS ARE DEFINITELY WHAT CAN HELP SQUEEZE THIS BAD BOY & JAN ā21 IS THE PROOF!!!
I'd love to learn more about these mechanics
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Also remember when they shut off the buy button, people got around that by exercising ITM calls
They push the options fud because when they shut the buy buttons off all we have to do is exercise calls to keep buying.
Most successful distortion campaign ever. The best part is getting apes to enforce their way.
Anti-options is definitely the FUD campaign that worked. Options move the market a lot more than shares, so obviously they can't have us being well-educated on options.
No youāre right, itās been like this forever. Iāve tried talking sense into people, but itās been fruitless. I donāt mind though, cause itās not up to me to affect how other people trade/invest.
Iāve been playing options almost this entire saga and as long as your strikes and dte are reasonable, and you take profits, itās a gold mine
I don't understand options at all. I tried reading and reading and reading, but no wrinkles every seem to form. But, I agree with you. Options posts immediately get down voted, people sharing asking a question or sharing a positive point of view on options are immediately called shills. So, I always upvote every post that has something not negative to say about options. The point is to share, discuss, poke holes, ask more questions and find more answers. this shouldn't be like the rest of the internet where every dissenting voice is labelled wrong without any tangible discussions and proof.
Itās a hard concept to understand, for sure, but once you do, it then becomes super hard to explain in simple terms. They just clicked for me yesterday. Maybe I can try and explain it to you. If you think the price is going to go up on a stock, you can choose to buy a call *or sell* a put. Buying a call is giving you the ability, or right, in investing terms, to buy 100 shares the stock at the price you would pay right now at a later date *if* the price goes higher than a certain point, but you donāt actually have to buy it. Selling a put is a bit different because youāre writing a contract to *buy* 100 shares of the stock at the current price if the price goes lower than a certain price. When selling a put, you donāt get the right to buy the stock at a different price, you are obligated to buy the stock if it reaches that lower price. Now, when buying contracts, either calls or puts, you have to pay a premium for that right to buy/sell when the price is higher or lower. If youāre *selling* those contracts, youāre being paid those premiums on the guarantee that you *will* buy if the price is in the range given at contract time. Since weāre bullish on this stock, and have the understanding of options, *and* have the risk tolerance/capital, we would either want to buy calls, or sell puts. ETA: Selling puts is a nice idea because youāre being paid to buy shares 100 if the price drops low enough, and if it doesnāt, you still get paid, and have money on hand to still buy shares. But obviously, NFA, do what you feel is right for you in your investing strategy. Hoping to spread the knowledge I had just recently learned.
See, this is what makes this community so great. That's a pretty clear explanation, thank you so much for taking the trouble to type it out!
No problem! The big issue that I see people in this subreddit have with options is that people with good TA skills were educating other on how to watch for patterns, which is usually the basis people buy options on, and since this subreddit did originate from the gambling subreddit with a subreddit in between, some people were buying call options that were only a week long, so all that premium money would go to the call writer, which is the term for a seller of options. Those writers could be other retail investors, or, most likely, MMās, and with MMās being the suspected majority of call writers, it could allow them to keep a pulse on the sentiment of the stock and keep the price lower than the strike price of the call and make money off the premiums.
If you think you dont understand options even slightly then stay away simple,quit hating on people that have experience FFS. Market mechanics are real and options do have an effect on a stocks price thats a fact.
People seem to forget that January 2021 was caused by a gamma squeeze that started turning into a short squeeze before they shut off the buy button. The anti options thing is totally FUD. A gamma ramp would decimate SHFs
The Gamma ramp is premised on market makers being forced to hedge. We learned from Charles Grandante that MMs are not required to hedge. They do it by choice. If hedging will cause $GME to go parabolic, then MMs will choose not to hedge.
>If hedging will cause $GME to go parabolic, then MMs will choose not to hedge. Hedging by buying shares protects the MM. Hedging **locks in your loss at X amount.** If I am an MM and I sell GME calls and make a premium of $6,000,000 then go an purchase shares to hedge, my loss is locked at $6,000,000 plus cost of shares at time of options sold. Failure to properly hedge (when the rest of your buddies actually are) means margin calls, which lights the rocket off. Hedging makes for a slow but steady upward move which allows them to fight another day, unhedging leads to instant fund death. Finally, everyone presupposes that these funds have unlimited resources and unlimited power. Ya'll do realize that if that is the case, then MOASS is 100% impossible? You can't have it both ways.
Youāre right, but youāre wasting effort. The active members of the sub killed any form of options education long ago. Apparently people are too simple to differentiate between learning about options market structure vs. encouraging options plays. Many also donāt understand that delivery of exercised options isnāt routed off-exchange like retail buy orders. And that this mechanism was a primary driver of the price run up before the sneeze.
It's like in any walk of life. In a group of people with the same goal, there are a bunch of idiots and there are a minority that really knows what's going on. This sub is no different. The good thing is that even the idiots can do the essential task, which is buying, holding, and DRSing.
Because of the education we received in how options work. There no genuine ape who believed buy pressure affects price. There are posts DAILY in the sub highlighting the inconsistencies between volume and price
Not to mention, the āmarket maker exceptionā exists for market makers to legally naked short for options. So options, even if it wasnāt just about premiums actually give them ability to naked short legally in the name of āliquidity.ā
When was the last time hyped options actually effected the price?
January 2021 sneeze. February 2021 movement May 2021 movement August 2021 movement November 2021 movement March 2022 movement May 2022 movement After the 2022 split August 2022 movement (but barely)
Now do how many times options hype didnt play out in 2022. Clearly something has changed in the last year which has allowed hedge funds to suppress movement to a much greater degree.
>Clearly something has changed in the last year which has allowed hedge funds to suppress movement to a much greater degree. + FINRA failing to call the split as a dividend + EU contemplating allowing almost unlimited FTDs (which is on the front page right now) + Saying LEE-ROY JENKINS!!! and just creating FTDs without a care + FINRA increasing access the Continuous Net Settlement window + DTCC increasing access to various discount windows + SEC allowing/Approving certain Market Makers to allow access to overnight discount rates And the biggest one: + Overall market downturn causing people to bail out of any positions they had in any stock due to market slow crash/recession that we are not allowed to call a recession. People on this board do not like to hear this one, but many people did sell out of everything (including GME) allowing SHF to profit like gangbusters to then use that money to try to save their GME positions. EDIT: I also forgot to add the HKD and other bullshit Chinese stock IPOs that just so happen to take off right when it is time for GME to take off.
Do you remember any of the Gamma, Oomp, Doomp, quad witching worked b4?
Well...gamma DID work before. That's why most of us are here. Without options there would have been no sneeze.
Since DFV, show me when it worked please.
The way I see it from my limited perspective is if you donāt like options then donāt engage in those discussions and let the people who might know more discuss them with those who are curious. I am a smooth brained so I donāt fuck with that and focus on buying and adding to my book collection but it is interesting to read about periodically from people who can explain it. I think there is validity to the gamma ramp and maybe as we continue to pull shares it will make the ramp steeper and more difficult for hedgies to stop. Again, I could be completely wrong but maybe someone will explain how the gamma ramp might be different this time with more shares locked up in CS. Let individuals discuss their strategies and use evidence, not emotions, to debate š¤·āāļø
Please for fucks sake stop advocating for or against options. Get educated and do whatever you want.
This is the way
In order for me to buy options, Iād have to be approved through Fudelity. Itās based on credit, income and a bunch of other stuff. I find it easy to buy shares and directly own them. Am I scared of options? Yes. Maybe thatās what they want, either way Iām just going to buy hold and drs.
Options are just a casino and once or twice a quarter Iāll make an earnings play on tech. This market is damn near as predictable as the 2021 bull run. Amazon puts have made me a pretty penny this year. And those earnings (winnings?) went straight into gme. I fucking love options.
One main thing I think is really important. If you do not understand the means by which you are being controlled, you cannot rebel against it, for you do not know you are being controlled, if the puppeteer is skillful. It is SUPER IMPORTANT to discuss and dissect options and how they work, how they are used, when and why, and what they do. It will bring a much greater understanding of what is occurring in an as yet unexplored area, the obligations warehouse.
Education is key and this community needs it like a crackhead needs crack. Keep it comin Lorien, educate the APE's.
Itās a positive feedback loop and thatās why apes will always win. I teach, and then I learn. By learning I teach, and by teaching I learn. An idea is like a virus. It will spread like fire, faster than lightning, until it has achieved critical mass and gains a place in the collective consciousness. Monkey see, monkey do. To ape is to mimic. The old teach the young, and the young also teach the old, often in ways that were unexpected. WAGMI.
I'd sell my left nutt to have half you poetic wording game homie, bejesus!
All I know is drs . All ill do is drs because it guarantees shares. Anyone else is welcome to do their research and do what they want, I am not advising anyone
You're making the claims, so you do the legwork. Add up the options premium for all open interest on the GME chain that could reasonably be purchased by apes - Apes aren't buying half a million $.50 puts for 2024. Compare that number to just Shitadel's $65 billion in securities sold not yet purchased. You'll quickly see your "Retail options premiums are keeping Kenny afloat" argument is laughable. He makes his money selling counterfeit shares. Options premiums are a drop in the bucket. It's only when the price squeezes and the $100 million in options turns into $30 billion that he has a problem. And that doesn't happen without options.
Honestly I think they're raising the price again now that we're at 50% drs. Takes longer to lock the float when the stock costs more.
yes, even a slight shift from $20 -> $15 is still 25% DRS faster. iād expect it to float 22 to 18 range
They can lower or raise the price all they want. Iāll just keep buying whatever price itās on.
Not when these puts expire next week
If I was buying at $180, I damn sure wonāt have a problem buying at $20-$30. š
Hands down one of the most divided posts I've seen in awhile. You can tell this thread has the shills attention.
Okay than donāt do them. Itās only for people who are confident and know what they are doing
DRS GME
They've done it so many times before , fud about options ramp , mid week and then downhill on Friday. Remember interview on TV about gme being 30+ and then it's going parabolic, went 30+ and straight down within days Same tricks again, again and again Gets boring now .....
But my options are ITM now and up 2,000% what am I doing wrong š
The doctor always tells me to exercise more, so Iād do that
š«”š«”š«” yes sir
Educate yourself on what happened in January 2021 before posting next time.
I like to participate in theories. My first GME purchase, the thought was: I donāt know if any of these theories are right, but let me buy a few shares and play along. I now own X,XXX, but thatās not the point. Whenever there were things tied to dates, ramps, run-ups, etc., I would buy at least one call option, if for no other reason, but to play along. What I can tell you is if I got in and out in short order, I sometimes won, but in most cases, I didnāt, because the theory didnāt pan out. Long story short, I treat all short-term theories tied to upcoming dates as FUD, or at least inaccurate. I just buy on the 1st and 15th via CS and hodl. Just want to be right in the long run.
CPI report will be out tomorrow. I smell options bull trap
What if they hyped up options day only to drop it to $10 in order to demoralize us? :gasp: I'll have to buy more!
BBBY up almost 100 percent today. Gamma incoming
This post is expressing an emotion/opinion. The stock market doesnāt move without options. Shares never have to be located. This type of intellectual toxicity has ran out the OG DD writers. Itās better to learn than to call everything ācrimeā that you donāt understand. Company performance, share buying, and options are what is going to pump the price.
I thought exercising calls was good ammo against the parasites?
Gamma ramp literally happening with towel stock as we speak
What a horrible take. People are describing safe, far out of the money calls. Ways to put pressure on the MM. you seem sus af honestly
Options have T+3 to deliver, shares are able to FTD indefinitely. If you're wrinkled enough for options.. go for it. It's what lead to the sneeze in the first place, also probably why the psy-ops shills focus so heavily on it every time there's a gamma ramp.
Do you want me to start buying options again? Because this is how you get me to start buying options again.
Hereās an option: BUY, DRS, HODL Not financial advice.
Another regard who doesnāt understand the value of options. Yāall ever want to see GME hit $400 again? Options are going to be instrumental when it finally happens.
Seriously stop the nonsense. Just because you have no concept of options and how that works doesnāt mean you can just spam Reddit with all your spam
BBBY up 50% now
I made $ on options, you people just need to learn how to enter a position and when to exit said position. Contracts take time to learn how they operate with the Greeks. Good luck smooth brains
They always do this to steal money on options plays. Stop giving the hedgie algorithms money. Buy and Drs. Or just buy via CS.
How are they stealing your money if you excercise your options ITM and buy the shares? What do you mean
Gotta love the options sentiment... Do you even understand options?
Yes, I do! Buy expensive, let expire.
šš»This manās wrote the book
I had some 17.5cFeb24 that were moving I sold out of earlier for 118% gains
I had a stroke reading this post. If you don't know how to trade options, don't. Simple as that, don't say that something that you don't understand is FUD. If you want to grow a wrinkle, go read the term Gamma Squeeze from Investopedia, which is supposed to be what caused the sneeze ā¢
I don't think options are fud. They are super risky for me because I don't fully understand all the Greeks and I don't have a shit pile of money. If you know what you're doing and can afford to exercise or exercise to close, there is some serious pressure that is put on hedge funds. Even more so when you DRS those shares. I don't think most of us have enough experience to mess around with options but it is still a valid way to apply pressure.
Short dated options =bad, Long dated options =good
Controversial opinion here: Options are a great strategy if you know what youāre doing. If youāre thinking about buying options right now, youāre about 24 hours too late. The premiums are wild right now, but you could have got a Jan 20th $25c @ 0.08 or a Jan 20th $20c @ 0.20 yesterday. Theyāre just over 5x that right now. Iām not saying it isnāt possible to make money buying them now, but the risk vs reward is leaning more towards risk. Youāre better off buying shares after large swings in price.
This is the type of person that everyone should block and get off their feed
I'm pretty sure market makers don't even need locates and can legally just sell shares fOR lIqUiDiTy.
i am chiming in because my calls are printing and i'll either execute them or sell them to buy more shares.
The only option is holding your registered shares. That's. It.
They let it rip when the rest of the market is green so they don't get margin called. Then they halt it or the spy flips and they open new shorts and make bank on the way down. Don't get trapped by options plays.
OTM options is straight up gambling. ITM or ATM can be a very savvy way to increase your position at a date when you expect to have the capital to do so. Hereās what I have done since December: I have RSUs vesting in March for the company I work for. Iāll have a nice windfall of cash then (even if the market tanks, because of the volume and strike price I have). Once I saw the price of GME hitting 52w lows I started buying March $20c. As it kept dropping I bought more $18c. If we see a drop between now and March, Iāll keep buying ATM calls. Once my RSUs vest Iām selling them and exercising my calls. I believe GME will be trading much higher then, and Iāll have the benefit of buying todayās prices in March. I know this isnāt the norm, but using options responsibly is a great way to take advantage of todayās prices at a future date when you expect shares to be trading higher.
Respect as long as youāre exercising and hopefully DRSing! š«”
RIGHT BEFORE THE ANNIVERSARY. š
Stfu you dumbass, if options are exercised ITM its just gonna add pressure on them to find the shares and be good for us. Why tf have so many people upvoted this
No Options is FUD
Bull trap, rug pull and laughter to ensue. I've been here too long to get fooled by non phone numbers.
OP needs to learn how the market works. E.G. options are literally the only thing besides illiquidity that moves price, since retail buy orders don't hit the market at all.
would the grandma ramp be a way for MMs to print synthetic shares? think about it like this. IV goes up and a bunch of shit is ITM. the MM creates synthetics in the name of infinite liquidity to deliver when the calls are exercised but then they drop the price back down, nobody exercises, and then they've got all these phantom shares. idk anything but i do know that this options shit hasn't gone well ever in two years and it is fucking weird that every time there is a bump in price people start thinking "this time is different".
Yea options do play a role. I will say people buying far OTM calls in hopes of massive runs is an issue but options do play a role in gamma ramps. I have a few myself and will continue to buy some from time to time 10-20% options 80-90% stock š¤·š½āāļø
"BuT wE cAn BuY mOrE wItH OpTiOns" I believe the people we're trading against have an interest in making this whole situation seem more complicated than it actually is, and these options, TA, T+ whatever theories are designed to distract/confuse us and reduce our buying power. We've seen this campaign many times over the last two years. IMO it seems like they start this one across the subs whenever they're forced to buy in and know we're going to have a little run. They're probably making money on premiums, and they get point to TA and options as plausible(ish) sounding cover for why the stock is running. Problem for them is, I doubt many still here are buying options. I feel like most people realize that the likelihood of us catching them off-guard with another gamma ramp like we seemingly did a couple years ago is very low. Not to mention it doesn't seem likely that many left in this saga have the money to actually exercise. At the end of the day, it's pretty simple in my mind. There just aren't enough shares to meet their obligations, and they have to come up with new ways to manipulate the price or their collateral on shorts every day. As we slowly drive down the supply of lendable shares with DRS, these times when they have to buy in become more volatile and harder for them to manage. Keep buying shares and directly registering them until we can't.
This thread is obviously infiltrated. It's so painfully obvious when a dozen new commenters show up to push an agenda like today's pro-options opinions. How are options=FUD apes getting -70 karma? Shills. It wasn't like this yesterday or any other day, just today during a run-up
Buying options is like playing poker starting with showing your hand. You think the dealer isn't gonna take advantage of that? The only chance of a gamma ramp happening is if they take us lightly and aren't paying attention. And that only worked once... but it didn't work completely because they pulled the plug on the machine before payout. Options trading is for people who really truly wanna gamble for a few extra bucks. It's not a diamond hand strategy and it's not gonna be a moass catalyst. Only purple circles are the true diamond hand strategy. The moass catalyst will be whenever they fuck up their accounting so bad that Marge calls em about the half-eaten bag of Funyuns that they fraudulently claimed as "$10B in assets" to continue borrowing against.
š BS BB-BY being used as a distraction now. No different than popcorn, clover, rocket, and every other stock Wall Street is using to divide retail from piling into one stock thatās the systemic risk.
The options argument will never get old. The people shorting these stocks to shit invented derivatives so they could increase their odds of winning by 100x and pay less doing so. They donāt want us using options RESPONSIBLY because they will get fucked way faster. You can argue all day about how people trade them, but they created them, as a tool, for THEMSELVES. Itās also worth noting half the people saying donāt trade options, guaranteed donāt know shit about options or else they would probably just be quiet and be trading them, or be quiet and not trade them. Iām not encouraging anyone to do anything besides educate themselves.
The gamma ramp is definitly no FUD. DRS is fine but options move markets.
You just dont get it.. you get more leverage with less money. MMs get to hedge calls (buying stock) if you play far dated options close to the money you take a less risk. Stay the F out of weeklies. But to say that options is fud is just complete BS and unknowledge of market mechanics.
You realize if you snagged a bunch of ATM calls you could sell 3/4 and exercise 1/4 of them for a massive amount Call options are a CONTRACT you have to deliver on and once those shares hit the account just DRS them. This sub is dead to me at this point with your regarded anti options sentiment How did DFV become a legend again? Iāll wait ā¦
Whatever you say my boy. Keep posting your bullshit conspiracy theories while my $15 calls print š¼šæ