He used margin.

"I decided to buy 100 OTM (Feb 05 570 strike) calls and put in a market order for them before market opened. I estimated the price to be around $100 at most. It ended up filling for just a bit over at 110. That part was fine. But instead of buying 100 calls, I bought 100 contracts. 10,000 calls. I don't think even I'm retarded enough to forget 1 call contract = 100 calls. I'm thinking it was some kind of glitch in their system. Of course I only slept 6 hours last night, so my brain could possibly have crashed.

For some reason, the order went through and I was down nearly a million in cash. I rushed to sell, but my broker's (Royal Bank of Canada) was down. By the time it was back up, GME had crashed. RBC liquidated all my calls for far below what my buy order filled at and destroyed my account. Then, as we all know, GME rebounded. If they didn't touch any of my positions I would have been fine. Taken a big loss maybe but not negative $300k in cash. The interest charged for negative balances is 21% annually."




edit: Actually wait.



he bought 100 calls (those calls feb 5th 570$ strike) were $110 this morning.

so he bought $1.1 million worth of call options.


right now those contracts are trading at $55 each.


why would broker sell on him? he got margin called on wait down? broker protecting their margin? thinking gme will crash and burn.

makes me want to short the investment banks

all these meme stocks are pump and dumps

GME legit can go above 1k from what I'm reading.

If everyone exercises as many of their weekly GME tmw as possible and people like into the 2/5 weekly that will keep things rolling.

AMC will run out of steam, look at open interest on Feb Mar and April compared to 1/29.

This squeeze is being caused by OPEN INTEREST not short interest. It takes some mental taekwandoe but you can figure it out.

Not sure if srs - you think cciv is a meme stock?

I was talking to my friend about this earlier. He went through the data, apparently those fkers loaded up on puts before the short ladder and drilled it all the way down to 120, then loaded up on calls back up. BILLIONS were made during the bid/ask low volume manipulation and MORE to be made if it moons tomorrow.. In sum, big money always win.

I was talking to my friend about this earlier. He went through the data, apparently those fkers loaded up on puts before the short ladder and drilled it all the way down to 120, then loaded up on calls back up. BILLIONS were made during the bid/ask low volume manipulation and MORE to be made if it moons tomorrow.. In sum, big money always win.

Youre thinking too hard.

If anything GME ran out of steam due to the tampering and ruined its momentum.

The best bet is to have a 2nd stock get pumped as a show of power by the meme-sters.

Out of AMC/NOK/BB probably AMC has the best shot of short term rocketing if they dont keep tampering and suspending everything.

No, I just understand markets better than you. This is an open interest squeeze.

no this is unlike anything in history so you might be just focusing on something that doesn't matter right now.

trying to apply existing theories to something unprecedented may be a logical fallacy even if you do know more than me.

this is a war of worlds not some text book scenario

It is brah. It'll be insane when they actually have testimonials from users if they do a broader annual presentation.

If I find out when the release is officially I'll let you know brah, I have 2/19 calls and need to know if I should roll them... earnings are going to be fukking insane.

Any updated short interest numbers?

No, I just understand markets better than you. This is an open interest squeeze.

Yeah this type of squeeze is the first of its kind. You’re playing checkers, my 4D chess board must look confusing to you.

Just be quiet little one.

HF buys calls when it squeezes. MM have to buy stock to hedge, driving prices higher. HF sells to close. Price plummets as MM dumps shares. HF already have the put position as a hedge when they shorted the stock. Puts price rises. HF sells to close puts and short position. Repeat.

HF short position is what? $20 down to $6? Then back up to $40 on the first spike? EVEN IF HF didnt start buying calls until $100, the spread is only $20 to $100 which is only $80. If they bought calls at $100 and it went to $340, the spread is $240!

Which is more $240 or $80? Lol. Of course HF will come out on top. Thats what happens when you have billions at your disposal.

I mean did anyone REALLY think that big funds were just going to stand around taking Ls on short positions all week?

Buy GME, and some AMC. I hear it's a great time to snag some.

Moderna explodes +50 after hours brahs.

i got a 2/5 205 call, kicking myself i didn't get more.

i usually sell the premium, never really let it get exercised , dunno wat do!

Why though? Because of Astra-Zeneca's fuk ups?

If the posts from Hiyoo are true and the hedges have loaded up on calls for GME, this thing will skyrocket.

We looking for a dip around 1030/11am?

my IPOE is rippin it

Charmath Palpatine tweeted about how its a great alternative for Robinhood

my IPOE is rippin it

Charmath Palpatine tweeted about how its a great alternative for Robinhood

Yeah this type of squeeze is the first of its kind. You’re playing checkers, my 4D chess board must look confusing to you.

Just be quiet little one.

Chamath fuking who?! Lmfao.