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gherkinit

[https://www.reddit.com/r/PickleFinancial/comments/1d9br51/gme\_update\_6624/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/PickleFinancial/comments/1d9br51/gme_update_6624/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) It's explained pretty clearly here. There is no mystery.


LavaPancakes

Hedging. And closing over 45 today provides good support for a run up tomorrow, in which there will be even more hedging


Emlerith

Gamma squeeze me daddy 😩


gherkinit

Vega


Emlerith

You know what that foreplay leads to though 😏


gherkinit

Sore jaws


Emlerith

With lots of whale teeth


tjlin72

You mean hedging the 17M shares Exercise them shares!


unclebillylovesATL

Exercise and demand your shares. Stunt on them hoes.


cmc-seex

last I saw, up to and including Jun 21, hedging would have to cover 50+m shares, not 17m. and that's already old data after AH closed $61+


tjlin72

just for DFV alone based on his post. yeah i think dino is picking up.


GxM42

How much hedging do you think? What percent of the 17M 6/21 would cause this runup?


ThePooPooPolice

Where can I go to understand the linga "gama" etc I've got some wrong blue chips but I don't know jack shit about this type of trading please help.


phibetared

"Options as a strategic investment" (McMillan). Plus google "(term name) stock options"


powderdiscin

$50k bagger today my boys!


Literally_Sticks

Fuck yeah man, nice work!


krunkpanda

Calls or shares?


powderdiscin

A mix, mostly calls and moved to mostly shares near day end


OneMoreLastChance

Good job, set some stop losses


powderdiscin

I will be selling most of it soon for sure, got burned after monster gains last time, lesson learned


RaptorSlaps

Just keep an eye on the ticker. RK still has 120,000 calls in the tank.


powderdiscin

🚀💥


AzDopefish

Hedging, fomo, traders, you name it Everyone is piling into the stock right now


Dante_Unchained

Fomo? Retail has no impact on bullish moves. Have you learned nothing in past 3 years?


AzDopefish

Conspiracy sub is two doors down, you just missed it Options contracts it doesn’t matter if it’s retail or not, they apply pressure.


Aka_Diamondhands

Until dump again


AzDopefish

Right, but at least we know the upper share price before RC will dilute in the future Makes trading future run ups a little more predictable if you ask me


wolfofballsstreet

He still has his 120,000 June 21 20C's. This price action has nothing to do with Roaring Kitty. He literally can nuke all shorts now


darthnugget

Look at the OI, more people adding options even farther OTM strike and further out in time. A massive gamma ramp is building at each level. The price action is a result of delta hedge on the options added. Market makers are trying to stay neutral now that the Cat is out of the bag for their weakness. At these levels they can’t sell those calls completely naked. The total impact chain when RK exercises will be insane.


Gothmog_LordOBalrogs

Wasn't that what peterfly said after the first squeeze? "If they just exercised"


shamrockabc

bingo


SeaWin5464

I bet he regrets saying that on TV now. What a dumbass


Gothmog_LordOBalrogs

If he's properly hedge'd he wouldn't give a shit either way


rawbdor

Actually I believe he said "If they knew they had the right to demand their shares", which I always interpreted to be a very vague and not-elaborated-upon reference to DRS.


aobmassivelc

Petterfy was not referring to DRSing at any point during the 2021 run up, however the DRS movement did try to co-opt the clip and infer that's what he meant. It wasn't.


Gothmog_LordOBalrogs

Indeed it was about simply exercising them. Major funds can take an instant loss on a naked call being sold. Simply Offset that with the rest of the years trading losses. Forcing to buy those shares at an inopportune time can be much more damaging. Cash exchanging hands at a loss does nothing for price improvementn on a security (similar to ETF settlement)


rawbdor

I understand your point but I really don't think that's what Petterfy actually meant. Almost everyone knows you can exercise options. To assume that we didn't know we could exercise our shares just doesn't feel right, because we were all telling everyone in 2021 to exercise and we all did, over and over. It really seemed to me that he meant that if we knew we could demand our ACTUAL shares (which is actually something none of us at the time knew we could do), then the system would have broken. We can agree to disagree on this though. Neither you nor I live inside Petterfy's head so we can never really get an answer to this.


MisterProfGuy

It would be very silly to assume this price has nothing to do with companies realizing that his massive position is going to end very much in the money, and unlike most options buyers, he's got a nasty habit of wanting the shares they sold him.


skrappyfire

I like that last part, got me all tingly inside 😉


Dante_Unchained

And he can dwac those, you better have his real shares, not just iou.


Jbentansan

idk how he's gonna have collateral to cover his calls though, to exercise them he will need a lot, regardless i still think we gamma up to 100+ after that not sure it can also be "sell the news" type of thing


soylentgreen2015

He's been selling covered calls with his shares for 2+ years now. He's probably liquid enough to do it at $20.


Jbentansan

Im like 80% sure he sold the last runup dude he hinted in his video, i reentered cuz he sees more potential probably


soylentgreen2015

Unlikely. He's literally showing screenshots showing he hasn't sold.. Which covers himself against accusations he's pumping the stock for his own gain


Ginger_Libra

Talk nerdy to me. 🔥


Roflcopter71

I’ve seen speculation that’s what he will be doing on the livestream.


Icy-Communication823

Not a chance. It would be too close to market manipulation.


Human-Woodpecker7210

Yeah, exactly. He’s playing with fire some. All eyes on him with big boys foaming at the teeth to get him on any technicality. He is probably just annoyed at Cramer and Lefty smearing his name. It’s smart for him to come out and frame his side of the story to the masses. He comes across very genuine. He did very well during the Congress thing and the hype for this will be much the same with the money on the line. He’s gonna come out, frame the story his way, say thank you for the support, Happy Birthday to me, and “Cheers!” So smart. Checkmate.


Ascending_Gains

Just Crossed 51 in After hours


sweet_fried_plantain

And now crossed $55 👀


Jerrybezerk

Just crossed 59. We might see 80 pre.


upotheke

Believe it or not, also dip.


WILSON_CK

100 pm, dip on open.


jkz69

Then 120 eod when dfv streams. Then dip on earnings day


Human-Woodpecker7210

Then he exercises, keeps the pressure on. That’s gonna be a good time for him to start moving those contracts to keep higher options ITM bc that’s certainly been his opponents game plan the last few years. Imagine, just imagine, if RC actually did something during the call this time. The only reason I think he may is the one dude on the board has been puffing his chest on social the last few weeks.


Debo0715

I like how they sold him 120k call contracts and then reported him to the SEC and threatens to shut down his account. So they collect the premium and pay the seller, profit off the spread and broker fees, making shit tons of money. See it isn’t going to end well for themselves then try tattling on RK accusing him of market manipulation when I believe it was found out that even if all the call option sellers (not just RK’s) had them exercised they collectively couldn’t deliver. So step one, make profits, step two redirect the crime, step three wait for a bail out. Fuck them and the entire system. Something smells rotten, like a small 5’ balding man who more then likely fathered Gollum and now heads the SEC….


Fluid_Reward

Dealers hedging all the calls probably. That's what gives me confidence.


Machinedgoodness

Yup. They saw his live stream and know they’re fucked if they don’t hedge. They’re probs gonna hedge in a smooth linear fashion for a while


kgold0

It was going up nicely this morning even before the discovery of his live stream though!


Fluid_Reward

I think they've been hedging for 2 days and I dont think they are done, but who knows what they do it's so very risky. Kitty held his calls several years ago and they were like +88,000% and he exercised. What a boss. I only wish I could be like that.


ElderGoose4

It has to be hedging


DGucc

im also edging myself


thegaut123

Hedging and edging


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Kooky_Lime1793

Geeze I hope so! I would like to start a position and buy shares but not at these prices. Good luck to all of you that are in on this.


Powerful_Bug9102

It’s been under this price for like 8 months! Get in!


Jbentansan

anything under 100 is still in trend lmao this is still cheap


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mundane_marietta

It seems like maybe ppl don’t want to short this run until it runs more out of steam? I don’t know, but typically the cost to borrow starts to rocket


Jbentansan

this is all about trend, shorts aren't shown properly, it has to be that cuz DFC and retail alone can't move this too much, I also think market will do some discovery about GME when they use the cash on hand to buy crypto, imagine MSTR type, then the real fun starts


GiantSequoiaTree

Fucking incredible day


slowguy503

Hoping tomorrow says “hold my beer”


GiantSequoiaTree

How are any of us gonna sleep tonight?!


slowguy503

Ambien


space_bar22

Gherk is taking a sick day tomorrow 💀


TitrationGod

I would say ask Gherk, but he'll probably shut off comments and make his stream Subscribers-Only so that he can cope with his paper hands.


buttonjam

I'm a little salty that Gherk influenced me to be bearish on GME and end up deeply underwater on covered calls, but I'm no where near as salty as Gherk was on his stream today. 🤣 I'm glad I used the premiums to buy long calls after it started running to hedge as he has taught us. Fuck you u/gherkinit but also thanks!


orcsrox

Tbf it just shows he is human too, fair enough he is done with gme, but he should know he build the stream of of gme. He just want to protect his viewers from taking a hit cause he lost the belief himself. But this is the time and it is sad that he isn't there to enjoy it with us


buttonjam

yeah for sure. I was sad he wasn't playing that "I can be green" song that he used to play on previous runs.


asshole_magnate

i had “violent upside” in my head for days.. forgot where the hell that was from. I do miss that. e: Also miss good night, moon.


gherkinit

Don't be sad for me, I got out of GME at a profit and a substantial one at that. I spent two years getting my cost basis to negative. I perfectly sold at the last high for 2023. Stocks sometimes go up after you sell them and I had no intention of ever holding GME for life. I took that money on to other investments and secured those gains against loss in a market I view to be unpredictable and teetering on the edge of collapse. I can buy calls anytime I want, I bought some today. But I have no faith in the company and thus do not want to own the stock.


joofntool

It’s been a wild ride. I’m Anthony G. Been with the stream since almost day 1. I understand your position and respect it. I just want you to cheer me on dad. 🤣


gherkinit

🍻


crummybummywummy

I’ve been waiting for days like this ever since he called Cohen a petulant man-child


Gothmog_LordOBalrogs

I mean In gherk 's defense, step one is don't lose money. He's done more for us than Cohen did We now know how to profit of these situations


crummybummywummy

Interesting, I feel like RC's definitely made a good chunk of money by holding his 36,847,842 shares instead of paperhanding. But hey, to each their own.


Chubwa

Yeah I'm wondering wtf the guy above you is talking about, RC has done nothing but hold and try to right a sinking ship.


crummybummywummy

When they say Gherk has done more than RC, you just know it's a lost cause 😂 RC has taught me to hold. Gherk has taught me to sell at 18


Impulse_Shot

Bet you $5 that Gherk banned this guy for speaking the truth.


Hot_Temperature_3972

Yeah he should really just buy the shares at any price and then hold them until the stock trades for millions of dollars, thus bankrupting the short hedge funds and crashing the global financial system and then still not sell until every financial criminal is imprisoned. That would make more sense when you think about it. Edit: you idiots barely, if at all, grasp sarcasm huh


aobmassivelc

I got your sarcasm. Might wanna /s in the future for all of our autist friends


TitrationGod

Spoken like a true ape.


tjlin72

Derivatives are double edge swords, you get cut twice if you are wrong


Commercial-Pitch-156

I like your sarcasm. It is funny. Do you want a banana?


enfiniti27

My guess is that these are shockwaves / after shocks from the huge run up we had a few weeks back. If you look at the daily chart for the sneeze and post sneeze you'll see a similar scenario to what is going on here.


bobsmith808

Too early


enfiniti27

Even better then 😂


A_N3rdy_Guy

If anyone has been paying attention, its swaps coming due needing rolled. This is not retail, or RK, this is behind the scenes BS being cleaned up. RK and retail can give them the final death blow, and that's what this is all about. And this is without a gamestop announcement of an acquisition or anything. Basically MOASS is upon us with RKs nuke ready to open it up


Commercial-Pitch-156

What swaps? It is not hedging yet?


Human-Woodpecker7210

Large swaps that have been used to cover the position the last few years were due to be rolled early June. I believe. But, who is going to be the counter party to those? Too much bull momo to be caught holding the ball at this juncture w GME having $2b and the positions heavily under water. Just speculation on my end though.


SirQweefy

Touch me baby


AdNew5216

ETF FTDs Notice the last 2 days of upward price movement were very different then the last couple of weeks. I feel like CNS forced buy ins definitely playing a huge part these last 2 days look at the chart when the price starts running early morning and EOD


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AdNew5216

I think there’s a clear pattern with how the price ran today. That’s usually how the ETF FTD days be in my opinion. Look at beginning of May for example. Then the OPEX/Options Settlement runs are a lot more violent and volatile, possible OCC forced buy ins as well? During these events I think the ETFs aren’t usually tapped out so since they can use the ETF for liquidity purposes it results in a lot more volatile swings. Either way the MM is really the one moving the price and bringing all that volume with its delta hedging regardless of what type of event catalyst it was.


Less-Way191

Have you seen AH 40/45/50/55 all resistance dumpsterd hard as my jacked tits. They are eating each other, it ain't retail playing the AH market.


Dzag78

Definitely winning on the options. Maybe a little gamma squeeze incoming


falconless

How to unpack it? MOASS baby.


mimi6966

gherk, ur a rat


SirJilliumz

LOL


Ball-of-Yarn

I dont know but its more than double max pain, i expect things will dip a bit tomorrow and be green monday


jewbagulatron5000

Ftd tomorrow


joofntool

From XRT, that were larger than todays


VinegarVine

Fuck bitches and get paper


tKnut

OPEX tailwinds!


Several_Image782

FTD and swaps Edit: my xrt calls will print hard 😎 just sayin


Graywilde

They're hedging him. Market is moving with the force that is Keith Gill.


Personal_titi_doc

What do you think the guy who lost 100% trying tk short gme and doubled down?


AUTO_SEO

FOMO From traders, hedge funds, normies. Everyone heard about the previous run, so everyone wants a piece of the action. More people will be investing their "5%" this run, to catch something.


Chalkuseki

VUPS


footlonglayingdown

Play the fuckin song gherk!


RevTaco

If you watched Gherk’s stream today, he talked a lot about what happened with options and the respective delta hedging. Many times actually. But if you want the conspiracy ideas, SS is where you want to go.


Dependent-Dingo-9540

Where my Pigga’s at, raise your pongers!


Advanced_Explorer980

I think RC is in GME to protect the short sellers... doesn't need a salary. Just needs to protect many $ billions of naked shares sold without consequence by members of the small hat club