March 2, 20214 yr No doubt a lot of redditor money is now being diverted to RKT, but I bet it's people pulling out of AMC, BB, etc rather than GME. I'm basically at a breakeven point on AMC. Shoulda dumped it and put it in the shiny new rocket.
March 3, 20214 yr come on you RKT motherfucker lets run again. (i still have a stake in GME. both can go 2 da moon)
March 3, 20214 yr RKT was something like 48 in PM, now dipped to 38, which possibly is a head fake, and prob ramping up again for todays elevator ride
March 3, 20214 yr There is no way in hell I would have the balls (or believe it gets there) to hold for the 100k being thrown around....but just for fun...I would have 1.6 million (after my 960k in taxes lol)
March 3, 20214 yr Author Keep a realistic price target in mind. Most of these numbers don't take into account any outside elements. Let's be real here, anything above $1k per share is pure lunacy. The market couldn't stomach it threatening $500 per, so anything predicting above that should be viewed with skepticism. Don't expect the market to play fair after they already have shown they won't.
March 3, 20214 yr Keep a realistic price target in mind. Most of these numbers don't take into account any outside elements. Let's be real here, anything above $1k per share is pure lunacy. The market couldn't stomach it threatening $500 per, so anything predicting above that should be viewed with skepticism. Don't expect the market to play fair after they already have shown they won't. For sure...I dont see 100k happening at all, just a fun thought.1st price point is 1k for me...will sell probably 5 shares to lock in nice gains and then let rest ride if it continues to go up but if I dont like the movement then the rest gets sold
March 3, 20214 yr Been trying to pay attention to the candles last few days...can someone smarter explain why it appears the sellers have more power than buyers....I see green candles lately with twice the volume have equal to or less effect on price than the red candles...ex112k green volume raised price 1.48%67k red volume dropped price 1.13%132k green raised it .7% 64k red dropped .55%Picked ones close together of course the last one is side by side in a 20min window
March 3, 20214 yr Green candles just mean the price went up during that timeframe, red means it went down.
March 3, 20214 yr Green candles just mean the price went up during that timeframe, red means it went down.Lol...no shitCurious about the % being close on dbl of volume for ups vs down....just something I've noticed this week so far
March 3, 20214 yr 1 minute ago, Bone3421 said: Lol...no shit Curious about the % being close on dbl of volume for ups vs down....just something I've noticed this week so far Ha, my bad
March 4, 20214 yr What the hell is anyone’s justification for being short rocket mortgage? They are the 800 pound gorilla in the mortgage industry, they AFS kicking ass and taking names, and even with interest rates likely going up this year the industry still projects to be worth 3+ trillion and have its 4th or 5th best year ever. Seriously, why short that fucking stock?
March 4, 20214 yr 1 hour ago, Wulaw Horn said: What the hell is anyone’s justification for being short rocket mortgage? They are the 800 pound gorilla in the mortgage industry, they AFS kicking ass and taking names, and even with interest rates likely going up this year the industry still projects to be worth 3+ trillion and have its 4th or 5th best year ever. Seriously, why short that fucking stock? The shorts are just playing the game. RKT will probably settle in the high 20s low 30s.
March 4, 20214 yr Anybody got a thesis....someone is buying deep in the money calls (12$-17$)for April 16th so far from the screenshots the total is 131mil spent on 12000 calls...so possible 1.2 million shares if exercisedRedditor assumes it's someone waiting to start squeeze when they exercise options
March 4, 20214 yr 2 hours ago, mycox said: The shorts are just playing the game. RKT will probably settle in the high 20s low 30s. I understand why a market needs to have the ability to short, but it’s fucking ridiculous on a solid, well run company like that. Hope they take it up the ass.
March 5, 20214 yr Author 4 hours ago, Wulaw Horn said: What the hell is anyone’s justification for being short rocket mortgage? They are the 800 pound gorilla in the mortgage industry, they AFS kicking ass and taking names, and even with interest rates likely going up this year the industry still projects to be worth 3+ trillion and have its 4th or 5th best year ever. Seriously, why short that fucking stock? I think someone had inside info on rates going up, which is going to effectively snuff out the latest surge of refis, which is the major chunk of RKT's business, if I recall correctly. But possibly a perfect storm of stock name (Rocket) attracting meme stonkers and people heavily monitoring for short interest caused a squeeze beforehand. Just my theory.
March 5, 20214 yr 9 hours ago, Bone3421 said: Anybody got a thesis....someone is buying deep in the money calls (12$-17$)for April 16th so far from the screenshots the total is 131mil spent on 12000 calls...so possible 1.2 million shares if exercised Redditor assumes it's someone waiting to start squeeze when they exercise options There's also a tonnnn of open interest on the puts (opposite) side on the April expiration. If our theory is that stock prices are driven by large share-trading action by market makers (which outweigh retail share buying), there's proxy input from both direction. I'm hopeful though. Just for the lulz
March 5, 20214 yr There's also a tonnnn of open interest on the puts (opposite) side on the April expiration. If our theory is that stock prices are driven by large share-trading action by market makers (which outweigh retail share buying), there's proxy input from both direction. I'm hopeful though. Just for the lulzI get that....just seems paying that much for deep itm calls has got to be for a reason...gotta be more than just trying to profit on a mediocre price increase imoCurious if it could be hedge for a short or if it's a squeeze play...Today might be pretty crazy...
March 5, 20214 yr 34 minutes ago, Bone3421 said: I get that....just seems paying that much for deep itm calls has got to be for a reason...gotta be more than just trying to profit on a mediocre price increase imo Curious if it could be hedge for a short or if it's a squeeze play... Today might be pretty crazy... fuckery's afoot.
March 5, 20214 yr Author fuckery's afoot.Indeed. Everyone is positioned now, in my opinion. HFs will now make money whichever way the wind blows. That might mean that this stock is stuck in a permanent battle of 50 to 150 (helluva range) until something changes with the company. If the company issues more shares, it changes the calculus. If the company is acquired, it rips. If they get cash flow positive long enough to reinstate their dividend, the stock rips. If Cohen leaves or his grand experiment fails, the stock tanks. There's always the possibility that the SEC halts trading to investigate the naked shorts, also.It's a casino, at this point. Some were calling it that before, but it was inevitable the first time around. Now? No clue.
March 5, 20214 yr 26 minutes ago, Eastwood said: Indeed. Everyone is positioned now, in my opinion. HFs will now make money whichever way the wind blows. That might mean that this stock is stuck in a permanent battle of 50 to 150 (helluva range) until something changes with the company. If the company issues more shares, it changes the calculus. If the company is acquired, it rips. If they get cash flow positive long enough to reinstate their dividend, the stock rips. If Cohen leaves or his grand experiment fails, the stock tanks. There's always the possibility that the SEC halts trading to investigate the naked shorts, also. It's a casino, at this point. Some were calling it that before, but it was inevitable the first time around. Now? No clue. This is where I'm at on it too, it will probably stay in this range unless there is a major catalyst. $1,000 is a pipe dream though, if it gets anywhere close to 50% of the ATH again, it's time to bounce IMO.
March 5, 20214 yr This is where I'm at on it too, it will probably stay in this range unless there is a major catalyst. $1,000 is a pipe dream though, if it gets anywhere close to 50% of the ATH again, it's time to bounce IMO.I wouldn't say 1k is a pipedream... if it squeezes that is very realistic if the plug doesnt get pulled for only 1 side of the market again.Now the 100k is a fun pipe dream to think about. If it gets rolling and every call(800$) finishes in the $$$ by the 19th then I could see 5k being in play
March 5, 20214 yr Boring me to death....guess I shouldn't complain about my 184$ profitJust want this to hurry up and get over with....maybe that's the new plan just let it trickle up until everyone dies of boredom
March 5, 20214 yr Anybody got a thesis....someone is buying deep in the money calls (12$-17$)for April 16th so far from the screenshots the total is 131mil spent on 12000 calls...so possible 1.2 million shares if exercisedRedditor assumes it's someone waiting to start squeeze when they exercise optionsAnother 2500 deep in the money calls are purchased for 31 million....April 16 like the others except today also purchased a block on March 19Total is now 161 million spent on 14,500 calls
March 6, 20214 yr Might be a good idea to get some gme soon....you know reddit ain't selling and we know where a lot of that stimulus is going
March 6, 20214 yr Author This is what I was telling y'all about in my long bull case. If an acquisition or merger with Steam happens, it's easily a $500 stock.
March 7, 20214 yr Really trying to drive that price up huh? How much are you down?I profited first go around 400% ....put some back in so technically rolling with free sharesJust trying to share what I come across..and yes I do believe it will go up a pretty big % but who knows
March 7, 20214 yr This is what I was telling y'all about in my long bull case. If an acquisition or merger with Steam happens, it's easily a $500 stock. The future is bright for sure as the gaming industry is huge...which is why I'm hoping this thing squeezes again so I can cash out and reinvest with a chunk of profits after it falls back down...and if it doesnt squeeze, oh well I got in a possible juggernaut at 40That's what a lot of people dont get about the holders. Why sell for 300-200(last time on the way down) if the future is Amazon of gaming.Hell they are already doing delivery and getting stuff to buyers in less than 5 hours from a few reddit posts
March 9, 20214 yr So what does everyone think will happen today and the rest of the week?Prices are crazy but still trying to figure if there's an option angle here...
March 9, 20214 yr So what does everyone think will happen today and the rest of the week?Prices are crazy but still trying to figure if there's an option angle here...The price is expected to continue up....but it's all a gamble...best of luckGo read r/gme and some r/wallstreetbets
March 9, 20214 yr Yea I caved and bought a couple more shares yesterday (still had some left riding the ride.) Not mad about it.
March 9, 20214 yr i bought in at 252. so, i guess i'm holding for a price above that. got in late. shoulda bought more at that $30, though i had given up on the stock at that point. not enough to sell, because fuck them that's why.
March 9, 20214 yr i bought in at 252. so, i guess i'm holding for a price above that. got in late. shoulda bought more at that $30, though i had given up on the stock at that point. not enough to sell, because fuck them that's why. If the rocket doesnt pick you up today, it should tomorrow
March 9, 20214 yr Close above 240.....just another 25%ish increase, zzzz246 close[emoji573][emoji573][emoji573][emoji573]
March 9, 20214 yr Another 2500 deep in the money calls are purchased for 31 million....April 16 like the others except today also purchased a block on March 19Total is now 161 million spent on 14,500 calls Missed it yesterday...but whoever it is is still gobbling up deep in the money calls thru the philly exchangeTotal is now 286.5 million spent on 21,000 callsLeaning towards more of a short hedging than someone planning to trigger the squeeze...but who the hell knows
March 9, 20214 yr 1 hour ago, Bone3421 said: Missed it yesterday...but whoever it is is still gobbling up deep in the money calls thru the philly exchange Total is now 286.5 million spent on 21,000 calls Leaning towards more of a short hedging than someone planning to trigger the squeeze...but who the hell knows ITM calls are expensive. Deeper it is, the closer it is to 100 shares in terms of cash outlay and directional exposure to the stock. If you purchase even a small chunk of that $280M in calls, you’d have to be massively short the shares. Which also has a very limited upside given the share price. And there are very limited shares to borrow to short. It’s almost a 0 sum position. And your hedging calls would suffer high theta burn. but weirder things have happened.
March 10, 20214 yr i bought in at 252. so, i guess i'm holding for a price above that. got in late. shoulda bought more at that $30, though i had given up on the stock at that point. not enough to sell, because fuck them that's why. Welcome back to the land of profit
March 10, 20214 yr ITM calls are expensive. Deeper it is, the closer it is to 100 shares in terms of cash outlay and directional exposure to the stock. If you purchase even a small chunk of that $280M in calls, you’d have to be massively short the shares. Which also has a very limited upside given the share price. And there are very limited shares to borrow to short. It’s almost a 0 sum position. And your hedging calls would suffer high theta burn. but weirder things have happened. I'm just trying to figure out who/why is buying so much that deep...I'm not sure but like you mentioned that deep it's closer to the dollar value so what I read mentions that theta isnt really a concern on deep itm calls...its all Greek to me Also mentioned if it is a short could also be a way to recover some Failure to delivers.
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