Catch me streaming AMC/GME Soon
Texas, USA
Joined July 2017
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$GME - OTM Puts are not confident at $25.50 and below, with the run up and closing at $25.12, it makes sense. Looking at the charts on a 1hr, I could definitely see a pull back Monday morning to $24.50(ish +/- .15) before running up to $26.17. The price I've been eyeballing for a long time is $26.66 and I think breaking significantly past that ($27), would likely start a gamma squeeze. Moving past 4 strike prices in a single day (25.5-27) would just a little more than 100K Call contracts to go ITM and inversely cause about 10K Puts to go OTM. At the $27 price range there is roughly a 7/1 call/put ratio, where at $25 there's only about a 4/1. That's the best $2 spread I've seen since Two Buck Chuck.
If shareholders are (still) receiving payments for loaned warrants, then perhaps this should be the nail in the coffin to settle the debate over lending vs. DRS (besides the other half dozen pieces of evidence that DRS doesn’t help).
If shorts want to pay you so they can short the company, why not profit off that? They literally want to pay you for their efforts.
Ryan Cohen still giving a master class, who’s paying attention?
$GME - OTM Puts are not confident at $25.50 and below, with the run up and closing at $25.12, it makes sense. Looking at the charts on a 1hr, I could definitely see a pull back Monday morning to $24.50(ish +/- .15) before running up to $26.17. The price I've been eyeballing for a long time is $26.66 and I think breaking significantly past that ($27), would likely start a gamma squeeze. Moving past 4 strike prices in a single day (25.5-27) would just a little more than 100K Call contracts to go ITM and inversely cause about 10K Puts to go OTM. At the $27 price range there is roughly a 7/1 call/put ratio, where at $25 there's only about a 4/1. That's the best $2 spread I've seen since Two Buck Chuck.
$GME - Okay, there was very much a sell off of positions in mass on Wednesday and then yesterday, not all of it but, most of it was purchased back. I wouldn't doubt for a second that we find out soon that another Luigi Mangione type event just took place but on perhaps a much larger scale.
It's hard to pick out with massive changes like this, but it looks like the market is hedging around $24-26.50.
Max Pain is $23.50-24 (depending where you look)
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Once again, aging very well. In my write up you’ll see I put just under $3 but when I ran the calculation again it was $3.05 (see image middle red line). I still think just under $3 makes a lot of sense for anyone short to get out. I think the signs of what were to come was shown to us in the AH trading last night. Both upper and lower thresholds were tested for today.
$AMC - A hard line is being built at $4. On a 1hr time interval it looks like we completed the top side of a cup yesterday at $3.34. If this is the case, a pull back to just under $3 would make a lot of sense to complete the technical pattern. The good news is, if this happens the top side will boost us past $3.50 finally and should be about $3.75. Watch for a purposeful SSR trip if this drop happens. It would also align with a positive earnings report.
$AMC - A hard line is being built at $4. On a 1hr time interval it looks like we completed the top side of a cup yesterday at $3.34. If this is the case, a pull back to just under $3 would make a lot of sense to complete the technical pattern. The good news is, if this happens the top side will boost us past $3.50 finally and should be about $3.75. Watch for a purposeful SSR trip if this drop happens. It would also align with a positive earnings report.
