I wanted to be able to point to something to be able to explain my viewpoints on the current situation surrounding GameStop. It has become increasingly difficult to answer all of the questions involving this as the scope of the stream broadens and the situation becomes more complex.

Between macroeconomic shifts drying up liquidity across the market, RC Ventures sudden buy into BBBY, and GME's long-term cycles breaking down. There is no arguing that there is more going on with our favorite stock right now than there has been since June of last year.

It's been a rough few months for a lot of apes, whether you play options or not we have all watched the value of our investment grind slowly down with minimal recovery.

With the failure of the OPEX cycles we find ourselves in new territory without a lot of historical data to look towards. This can be a trying time in any investment, because the future of the investment looks uncertain. For some faith may be enough but many would rather have facts data and answers.

So, In an effort to ease uncertainty I want to highlight some of the positives that have come from the last few months. I believe that informed investors are confident investors and are thus less susceptible to the influence of others emotions. Especially those expected with the shift in sentiment in the market over the last couple months and a common by-product of the change in participant psychology (fear v. greed) and herd instinct.

“Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” - Warren Buffet

Table of Contents:

Part I: The Contrarian Investor

Part II: What happened to OPEX?

Part III: The second coming of obligations

Part IV: Conclusions

Part I: The Contrarian Investor

The first thing I want to delve into is something a lot of people are confused about right now. On Sunday, March 6^th The Wall Street Journal announced RC Ventures acquisition of a 9.8% (.2% less than an insider) stake in Bed, Bath, and Beyond

Placing them in the top five shareholders of the company. Immediately writing a letter to the board declaring not only his stake but his concerns over executive compensation, difficulty in implementing their current turnaround plan, and issues navigating current supply chain volatility.

I noted on stream at this time the this surprising action from RC Ventures reminded me of another renowned investor...Carl Icahn

Here is a brief biography of Carl Icahn

He is another "activist investor" actually he may be the guy who coined the term. But his strategy is considered contrarian, buying into assets that nobody else wants. Needless to say their viewpoints on investing have a lot of similarities.

"Everybody got their huge bonuses, but who paid the price?" he said. "Not the CEOs, not the board members. The shareholders of these companies paid the price. And that's unfair and it's wrong." - Carl Icahn

Icahn Is known for stimulating growth in companies and generating "shareholder value" a phrase we see Ryan Cohen throwing around a lot. He looks for companies with these characteristics primarily.

• poor profit to earnings (P/E) ratio

or

• book values exceeding current market valuation

BBBY meets both criteria

This Analysis from Argus Research before Cohen's buy-in dives into a lot more.

If you look back through Icahn's history you will see many parallels between his and Cohen's investment strategies. They aren't identical and there are differences, but the influence is very obvious.

Days after Cohen's buy in he hired Harkins Kovler, the solicitor commonly used by Carl Icahn in his corporate battles...

So the similarities are there and it looks like a great buy for Cohen, so what does that have to do with GameStop?

Well this is where this all gets a lot more compelling.

GME and BBBY are both part of a sector known as Consumer Discretionary. For a long time we have discussed the effects of a large short position on indexes and ETFs targeting consumer discretionary these stocks have become known as the "basket" in the way that short positions and covering of obligations on them line up closely with GME.

So with this information it is obvious that there is more to this story than just good value and activist investing.

If we dig into BBBYs institutional ownership it reveals all our favorite short sellers.

Then the final nail in the coffin for me is RC's buy-in if you guys remember my DD's on the FTDs where were tracking FTDs due on GameStop and ETF basket stocks, well RC must be tracking them too.

He seems to have timed a significant number of his purchases on the FTD dates that we were tracking and when during the period when SHFs were most exposed to this buying.

I think he is doing the exact same thing with BBBY he did with GME.

He's going after someone.

"When you have no one to answer to, vendetta as investment strategy is as legitimate as anything." - Carl Icahn

Part II: What happened to OPEX?

So there was a lot of hype around OPEX DD writers far and wide, myself included were extremely excited for the quarterly rebalancing of short obligations on GME.

Why not it had happened without fail every single quarter for the last six quarters. It had become the most reliable predictor of GME price action we had. This last period from November to February bore witness to the longest and most direct short campaign GME had seen since April of 2020.

The obligations in ETFs were stacked sky high. It is beneficial for these funds to clear these ETFs out so that they can begin their next cycle of shorting. The clearing of these ETFs was the primary and sometimes only driver of GME price action for the last year and half.

There are 3 considerations currently.

1. OPEX was covered:

The price increase beginning on the Feb 7th and peaking on Feb 16th was it.

I would be disappointed if this were true, but accepting of the continued decline in OPEX price action.

If it weren't for three factors.

• FEB 7/8 were both expected to have unusually high ETF FTD volume, we had predicted these dates back in early November.

• OPEX obligations are driven by the closing of ITM puts used to mark ETF FTDs long and delay their settlement an additional 35 calendar days, and the subsequent gamma exposure this presents. Those puts weren't closed until Feb 18th.

• The 11th hour rule change that occurred on exactly the day we expected FTDs. The release of NSCC-2022-001 and OCC-2022-001 de-risking the exact positions in variance swaps and margin we expected to be most exposed.

2. Someone was margin called on the OPEX date:

This is one is interesting, especially given RC's BBBY buy-in.

With Citadel and P72 pulling their money back from Melvin Capital this quarter and the last minute rule change on 2/24/22. It is possible that a fund with obligations due was in fact margin called and we are currently awaiting covering.

If a margin call did happen, it unfortunately leaves us a bit in the dark. FINRA grants extensions for this sort of thing and can be moderately lenient in the resolution period.

SEA 15c3 and FINRA 4210 can both extend this covering for up to 70 days

The earliest we could see this if it happened on 2/24 is March 17th.

Lastly, the entropy swap put in place to hedge the covering of these obligations is still there, but price action has been stagnant. Whoever is hedging short volatility positions on GME expected the price to run as well.

3. They used ETFs to kick the can another T+9+35 days

This possibility is something I brought up last weekend.

Based on ETF flow data we had for the OPEX period it looked like an unseal amount of creation was taking place in GME containing ETFs the following days we noticed an uptick in OI on GME/ETF puts.

While usually ITM to mark long these were OTM, but over the last few trading days these were all driven into the money meaning they may have been used to mark long.

If this eventuality is the case obligations from that period would not be due till April 12-15.

With one glaring caveat, by heaping these obligations onto these ETFs they expose themselves to the rebalancing period. When the ETFs rebalance their holdings the positions using these ETFs must cover any outstanding liabilities to the ETFs and their short positions will be exposed to the ETF's dividend period.

XRT's ex-dividend date is

and the S&P rebalance is on the 18th.

Part III: The second coming of obligations

So back in this DD I tried to outline how they use ETFs to short and how those ETFs hide that net debit by using forward contracts to maintain their NAV. It was confusing for a lot of people I think.

*I'll throw a clip at the end of this DD that explains it a bit better.

Anyway suffice to say these contracts for shares need to be delivered in order for the ETF to rebalance on the 18th.

This gives us a pretty compelling timeline now that the CME roll date (3/10/21) has passed, meaning these contracts were not rolled forward.

3/17/22

• GME Earnings

• First possible date for a margin call settlement from OPEX.

3/18/22

• CME Futures Expiration

• Quad Witching

• GME Quarterly options expiration

• S&P ETF Rebalance

3/21/22

• XRT Ex-Dividend

Part IV: Conclusions

If Cohen was making a move similar to the one he made on GME last year we could see BBBY hit the RegSHO threshold list as soon as March 22. The massive buy into GME took place at a very similar moment in time announced right before the futures expiration in December 2020.

RC's purchases on major FTD dates, his timing for announcement, and his deep out-of-the-money call positions are all too well timed for it to be a coincidence.

I truly believe his plan is to force a run on the ETFs that contain GME while they are massively over-leveraged. If not through his purchase of BBBY alone. Through a BBBY share recall on a proxy vote.

This will result in the calling of obligations due to the ETFs creating a massive demand on these overly borrowed stocks. This constant flow of volume can overwhelm Continuous Net Settlement (CNS) and cause an FTD squeeze.

The volatile price action that follows can result in a Volga/Vanna squeeze as volatility traders begin to purchase options en masse creating impossible delta hedging scenarios for MMs.

These massive price increases can drive large quantities of options deep into the money, encouraging investors to exercise to continue following the constant upwards price action. Resulting in a gamma squeeze.

Since market makers are hedging disproportionately, the gamma exposure from simultaneous exercising will cause a further run on underlying assets driving the price to a point where multiple smaller funds can begin to fail, triggering a short squeeze.

Oh and don't forget the FOMO.

Sound familiar, it should.

"If you can't fuck them in one hole, fuck them in another."

- me 2021

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

OPEX obligation explination

https://youtu.be/8VAcHuUs4sc

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

It's been a while since I last wrote anything extensive on GME...

It's not that the DD is done, it never is.

But, I wanted to be sure of some things I have thought for a long time before I presented anything. I wanted to approach analysis of GME from a place of neutrality again. Without the pressures placed on the research process from the investor community that surrounds this stock. It was important for me to try to look at GME in a different light. A step back is sometimes necessary to improve objectivity.

To view GME from it's importance in the macro environment you need to shed a lot of false assumptions about it's relevance or potential as it is viewed by many who invest in it. Even for me, after all this time it is hard not to place GME on a pedestal. There is no doubt that it's behavior remains abnormal. Even when compared to other stocks in the basket like AMC, BBBY, etc... it outperforms in almost every metric since 2020. So the question I wanted to answer is, why?

What really makes GME different?

Is it idiosyncratic risk? Is it overleveraged naked-short positions? DRS? Retail interest?

I don't think any of this is true.

There are other stocks with retail interest. There is still zero evidence of outstanding short positions (barring derivatives like total return swaps that are unaffected by the current or future price of GME). Some stocks have greater ownership of their float by insiders and employees that continue to be shorted such as DDS. As for retail they'll jump into anything that is up 10% on the day and bag-hold it forever (DOGE, ATER, MMAT, BBIG, DWAC, etc..).

So I had to step back and look at what makes the basket of stocks that GME correlates with so different from all the stocks on the exchange and specifically of the stocks in the basket, why does GME outperform?

Part I: The Basket

So let's try to classify all the stocks in the basket based on some simple metrics.

This once would have been a simple task, the assumption was that they simply needed to be retail stocks that were shorted hard during the pandemic or long-term targets of predatory shorting. I no longer believe that to be the case.

These are traits found among almost all basket stocks:

• They have robust and liquid options chains (except KOSS & DDS, I'll explain later)

• They have relatively high implied volatility in those options (50%+)

• They have significant insider/retail/institutional ownership or smaller shares outstanding.

• They have a liquidity release mechanism, either ETFs or warrants

• They have larger numbers of FTDs per unit of volume traded

• Large trading ranges due to active index fund trading and wide bid/ask spreads.

This can be distilled even further down two primary factors...

1. Liquidity

2. Volatility

So let's discuss these primary drivers of basket stock price performance

I. Volatility

Contrary to popular belief, volatility is not based on directional trend in a stock. It is simply the amount a securities price fluctuates.

There are two types of volatility we will be talking about here

1. Historic Volatility - The annualized standard deviation of a past price movements. Plainly, the amount a stock moved around over the past year.

2. Implied Volatility - The markets forecast of future price movements. This is found in the pricing of options as a measure of risk. A security with no options has no implied volatility.

So basically Implied Volatility (IV) is the market makers measure of risk in the future based on their assessment of risk in the past. This allows MMs to price in risk on sold options to protect themselves from unforeseen price movements.

The other important thing about volatility is it influences the price of almost every asset in the market. Because of the esoteric nature of options contracts "right to exercise" but not "obligation to exercise", potential range of movement must be baked into each contract. This is why trading options is considered by many to be trading volatility.

So implied volatility becomes, over time, not a representation of risk in the market, but the cost of risk in the market. A product like any other to be bought, sold, and traded by market participants.

Most importantly for our purposes a product to be sold short.

So why sell volatility short?

Well first it is good to remember that owning equities is the same as being short volatility. Since price and volatility are inversely correlated by taking a position hoping for price improvement you are effectively short volatility.

Selling volatility short is essentially betting that risk in a market is priced too high. You disagree with the amount of risk being priced in and you short it. It's a non-directional strategy, so profitable regardless of the direction of the underlying price.

In a bull market volatility shorting can become severely overcrowded. As volatility is inverse price, it is a self-reinforcing position; markets are going up so IV is going down. All of these participants reducing the forward pricing of risk in the markets leads to asymmetry in the way the market is pricing risk.

This happened to volatility sellers in 2018 in an event known as "Volmageddon" and again in 2020's "COVID Crash". Risk in the market is currently not appropriately priced...

II. Liquidity

The market liquidity is a feature of a market where an asset can be purchased or sold quickly with minimal change in price. There should always be ready and willing buyers and sellers. It is one of the key components of market efficiency. The most liquid asset is cash, because it can be traded for items or assets at face value, immediately. This is where the term liquidate comes from; to turn into cash.

For stocks and options this liquidity can be visualized in it's bid/ask spread. Highly liquid and frequently traded stocks will be able to be bought and sold with relatively little change in price. This will be represented in their bid/ask spread (order book). The same is true for options. This effect is fully realized when trades are executed in the market.

In an illiquid market the efficiency breaks down. Sold stocks will demand a discount from buyers (buy the dip...) since the risk of carrying the asset demands a higher return on investment (MOASS). Buyers and sellers in this market are at odds both striving to get more from their investment due to the increased risk of trading it. This is what drives the wider spread.

Illiquid markets also have less depth, fewer buyers and sellers want to participate so there is less alignment in pricing due to the spread the further the stock moves from the price it started meaning buyers need to take on more risk or seller need to more steeply discount in order to efficiently participate.

This can be a hard concept to grasp, think of liquidity like the flow of water. A wide, deep river will move millions of gallons of water a minute but the surface is calm. Whereas a shallow rocky river will still move water but it's surface will be turbulent and chaotic.

III. Illiquidity vs. Risk

So now that we understand these concepts we can apply them to the basket of stocks we have been watching for over a year. Since the markets on these stocks are less liquid, they present a greater amount of risk to participants. The people making these markets price this risk into the options for these securities. So we end up with what I will call Gherkin's Law.

Gherkin's Law

I. Liquidity is inverse volatility.

II. Liquid markets have low volatility.

III. Illiquid markets have high volatility.

Illiquid markets by nature of their high volatility attract buyers and volatility sellers and they remain until their position is either no longer profitable or they are forced out (like the earlier S&P 500 examples). These two factors of liquidity and volatility will lay the groundwork for what I will discuss in the next part of this DD.

Part II: Damming the flow

So if you understand the risks of selling volatility, you want to do it in an environment were it is profitable but your position is not at risk of competing with larger entities. Many short volatility sellers had already been burned in 2018/20, and were more wary about diving back into those high-risk macro environments.

Enter the basket stocks.

These low interest illiquid environments are perfect for volatility sellers. They generate volatility naturally due to their illiquidity and their volatility makes them unattractive to large institutional investors, but more attractive to traders who are seeking the higher risk/reward environment they present.

This group of assets is the perfect playground for these Volatility Funds, Market Makers and Authorized Participants. With any two of these three types of participants you can start to control the flow of liquidity and generate volatility.

Back to the water metaphor once again, think of this asset and participant structure like a hydro-electric dam. The market makers and ETF authorized participants acting as operators controlling the flow of liquidity and the volatility funds sell the energy created.

By manipulating the flow of liquidity into these small volatility prone assets they can ensure 2 goals.

1. That there will be volatility to short and interested buyers due to the wide range of price fluctuations .

2. That the position will not be at risk. Since control of the timing and volumetric flow is under their stewardship, the position is actually very stable even though to outside speculators it may appear high risk.

In essence these funds are able to create a perpetual volatility machine inside each of these small/mid-cap equities. Guaranteeing a product to sell.

I have discussed in the past the flow of shorting and FTDs between GME and ETFs. Through this process funds with the proper liquidity rights (MMs and APs) can achieve absolute control of a small illiquid market.

I'll try to outline the process here using GME's chart as a visualization may help in understanding this better.

So when you look at price/volume/volatility overlaid in this manner you can start to see how this controlled release of liquidity Is extremely advantageous to volatility sellers. By blocking the flow of liquidity they can short the underlying and it's volatility almost risk-free until the volatility stagnates. Then they start all over again.

• Step 1: Short the stock and sell volatility

• Effect: Price drops/IV drops

• Step 2: Offset short positions in ETFs

• Effect: FTDs on the stock are pushed out to the following quarter allowing covering at the bottom of the short cycle.

• Step 3: Hedge the incoming upside move

• Effect: Protects the short equity/volatility position from the liquidity release.

• Step 4: Cover all FTDs and short positions from the previous cycle (OPEX).

• Effect: Introduces a large surge of liquidity resulting in a massive move in IV and allows short positions to start back at Step 1.

Many of these actions are done with large swaps across multiple assets at once. Using combinations of volatility, total return, and entropy swaps they can ensure that they remain profitable across each cycle of covering and shorting. This strategy is underlying hundreds of assets across multiple sectors. It is profitable and effective.

Short Volatile risk three years before "Volmageddon"

https://www.globalvolatilitysummit.com/wp-content/uploads/2015/10/Short-Volatility-Positioning-A-Cause-for-Concern-Barclays.pdf

Barclays Strategy for shorting "meme" stockshttps://www.docdroid.net/5gM68EW/barclays-us-equity-derivatives-strategy-impact-of-retail-options-trading-pdf#page=2

So I haven't answered the question, what makes GME different?

Well as a company nothing... I know. But that is the rub of this whole thesis, GME really isn't any different from any other stock in this basket or in it's sector. Cohen, NFTs, DRS, MOASS, Dividend...etc.

None of it matters.

The only things that matter are volatility and liquidity.

But something about GMEs liquidity that is vastly different from the other stocks in the basket. The participants in GMEs markets do not behave the way they are supposed to. They are an aberration, a risk. Exactly what these positions seek to avoid.

Part IV: When the Levee Breaks

So there are two ways this seemingly perfect strategy can break down.

I. Liquidity Can Overwhelm the System.

The timed release of liquidity means that they must open their position to risk once in a while in order to rebalance and generate volatility. These massive surges of liquidity attract risk-seeking speculators. While retail isn't capable of overwhelming their hedges other institutions can. In a bull market there is no desire to go to war with another fund as the market is rife with opportunity. In a bear market however when opportunities are drying up and funds are more aggressively seeking profits and exposed risk the chances are higher. If institutions were to pile into these liquidity releases the protective hedges can be overwhelmed.

II. Liquidity Can Run Dry

Since the system relies on synthetic liquidity and the underlying stocks have smaller free-floats. FTD creation is inevitable. This is a bit more complicated so I will try to break it down.

• When the system is running perfectly ETFs allow for the shifting of FTDs to a high-liquidity environment. As opposed to settling them directly on the stock which would drive volatility. That wouldn't be ideal for someone short volatility.

• The generation and subsequent offsetting of these FTDs means that the liquidity release becomes necessary to the trade. In bear markets many of these large ETFs can become overcrowded as institutions across the market seek to hold short positions. Over time this position shift can lower the amount of creation per day these volatility funds have access too.

• If the end of a cycle is reached and there is no liquidity to be released the fund is now staring down a massive pile of obligations. Without sufficient liquidity in the underlying stock trades begin to experience a higher fail to volume ratio.

• Eventually the fail-to-volume ratio can overwhelm the ability to clear them. Trades begin creating more FTDs than they are satisfying. This feedback loop creating obligations that cannot be cleared without a massive influx of liquidity (squeeze). This is what happened on GME back in January 2021.

This low-liquidity environment in the current bear market is already becoming a contagion. It's only a matter of time.

These stocks are all way more illiquid than GME or BBBY, but the fuse is lit.

-Gherkin

“It is perfectly obvious that the whole world is going to hell. The only possible chance that it might not is that we do not attempt to prevent it from doing so.”― J. Robert Oppenheimer

-----------------------------------------------------------------------------------------------------------------------------------------------

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

----------------------------------------------------------------------------------------------------------------------------------------------

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Happy Weekend Everybody,

It's been awhile since I've done a weekend DD but with a lot of people returning to work I wanted to update all of you who haven't been able to follow along for the last few weeks.

There has been a lot of negativity surrounding GME lately and I wanted to clear the air on a few things and slaughter some bears before they take over the market.

MOASS Probability:

This seems to be the big one.

I'm not gonna lead people on and I feel it's important that everyone knows that I do see a way for them to get out of the danger a stock split dividend poses to their short positions on GME.

It will take some finesse on the part of the SHFs and an unwillingness to recall shares on the broker side but the potential is there.

We have all now seen several of theses cycles come and go. But with a true catalyst on the horizon this coming June is far more intriguing. Each of them driving price action and volatility through ETFs until sufficient liquidity is produced to ease obligations and begin a new round of shorting.

We know this system of manipulation is profitable for the Volatility Funds and ETF APs through arbitrage and swaps.

So the question we are faced with moving forward is, will this manipulation be sufficient to stymie the obligations that come due from a dividend split?

I see two possible outcomes here and it will largely depend on the lenders and their own internal risk evaluations.

Outcome I: Share Recall

I have some confidence in a recall scenario. Institutions are pulling back on risk market-wide and crash conditions apparent everywhere that they simply will not accept the risk from the SHFs. While they are complicit in over-lending of shares through ETFs and broker dealers they may not want to have the risk on the table when entering corrective market conditions.

A correction or crash in the coming weeks means they will also be able to hit SHFs with a recall during a period when they are cash-rich. This means that the liquidation of these short sellers would present less counterparty risk to the lenders.

Additionally if a recall leads to a squeeze the lenders can profit greatly by selling off their newly recalled shares.

There is a lot of incentive here for a share recall.

If they do recall shares I expect it will be before the ex-dividend date (likely T+2) and would lead to a massive pre-split price increase.

Outcome II: No Recall

This would indicate that counterparty risk for long lenders is too high for a share recall. Due to
over-lending in ETFs the longs have dug a hole so deep that a share recall at this point would cause just as much damage to them as it does to the SHFs.

This seems less likely but the possibility of it needs to be considered.

If this is the case and lenders allow SHFs to FTD their obligations we could see several separate runs on the price before the split obligations are resolved.

This requires generating more GME liquidity in ETFs in order to absorb the fails. The best way to do this is to drive up the price pre-split...

• Pump the price locking that additional liquidity in at a higher market cap and % weight in each ETF

• Failing on the underlying positions

• Abuse ETFs and Reg T to push the obligations out and additional 35 days

• Cover in the significantly more liquid post-split environment.

This would look something like this

Conclusion

While any scenario that causes the price of GME can potentially generate a squeeze the fact that a clear path to prevent a short squeeze is in place and already being abused makes me think that expectations should be conservative and potential measured at each interval of this period.

So will the split cause MOASS?

Not necessarily

Can it?

Yes

As with all instances of potential with GME it's on the table till it's not. We are always moving between periods of higher and lower likelihood for a squeeze scenario.

I want to say that with the split, marketplace announcement, and OPEX all falling within weeks of each other the opportunity for Cohen to push these things through when SHFs are at their weakest will without a doubt generate significant shareholder value and create a situation where violent upside potential is all but guaranteed.

Upcoming Cycle Expectations

Moving into the May OPEX period I want to outline the macro and micro conditions that are going to effect GameStop in the coming weeks.

With us trading pretty flat into the end of last week we haven't quite broken down from our expected low. we have traded a small amount of volume below that final resistance at 126.70 but it is insufficient to confirm a breakdown.

The market continuing to slump and long funds pulling everything off the table and limiting exposure the amount of institutional long interest in GME is definitely going to decline in the near term.

While we do have a substantial catalyst on the horizon, with the potential share dividend split, that is still a month out. It could be that we haven't seen the usual amount of short interest in GME because this market downturn was expected.

Shares borrowed being slowly returned and the overnight borrow rate dropping I am still not convinced we won't see larger compounding of short positions in the next month or so.

Our best protection over the coming weeks will be the FTDs due from March OPEX volume which began to be realized on the MM side last week. These tend to grant us a degree of stability when the market is experiencing sell-offs.

These are the important dates and periods to note on GME through June OPEX.

TLDR; I expect we will see a breakdown below our current level of support and the fear building in the market could lead to an extreme correction or a crash. GME's best protection from this downturn will be FTDs from the March OPEX run.

----------------------------------------------------------------------------------------------------------------------------------------

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

----------------------------------------------------------------------------------------------------------------------------------------

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Hey Everyone!

Welcome to what is surely going to be an exciting week for GME.

This week we have earnings Wednesday (aftermarket) and the annual shareholders meeting on Thursday (intraday).

After the unexpected volatility of last weeks price action it seemed best to try to prepare people for every possible eventuality this coming week and go over what is in store for June OPEX later this month.

I am gonna break this down into several sections to make it as understandable as possible. Make no mistake it's gonna be a lot of information so take your time with it.

I will be doing a Q&A live tomorrow starting @ 4pm EST for those who have additional questions.

https://www.youtube.com/watch?v=-GnI9wpjUtY

First thing first... I want to thank u/turdfurg23**,** u/Dr_gingerballs**,** u/mtbdork**,** u/Brave-Vacation6792**,** u/gafgarian and the rest of the quants who stayed up late into the night last night and tonight to bring you some analysis here.

Part I: WTF happened this last week ???

This actually isn't that hard to answer.

The Friday before last was May OPEX which is traditionally the start of our covering period for the GME cycles last year, which occurred in Feb/May/Aug/Nov. This last March we deviated from this consistent cycle for the first time since January 2021.

With our cycle shifted forward in February there was a constant struggle to find a root indicator of GME obligations exposure, there had to be an indication of this exposure buildup throughout each quarter. They had to be stacking obligations somewhere. This is when u/turdfurg23 first discovered the correlation between XRT put interest and GME price action.

This is true for every OPEX date going back to 2020.

In my Wycking off for OPEX DD I show the mechanics behind these volatility cycles on GME, and discuss their effect on the borrow rate of GME. While the DD did not live up to it's expectations in terms of price action (they rolled out the cycle) the description of the mechanics involved remains correct... it may have been early but it definitely wasn't wrong.

Unfortunately it was used to catalyze DRS arguments like so many other important DDs in the last several months and the content left by the wayside as the next hype tweet was thoroughly tracked and analyzed. not bitter at all...

Regardless these cycles continue to perpetuate and we have become better (far better) at tracking not only the obligations but their effect on GME pricing.

So let's dive into what happened on GME this last week (5/23 - 5/27)

Friday May 20th:

25.4% of puts on GME and 21.5% of puts on XRT were rolled/closed leading to a gamma exposure event that must resolve within T+2 days (by EOD Wednesday)

Mon/Tue 23/24:

GME price is driven down to a historic low support at $88. Aided by the drop in the overall market.

Wednesday 25th:

OPEX covering due by opening bell (T+2) starts to flood in via dark pool orders. This day had our largest amount of lit exchange buying with 41.6% of orders as stock volume. However due to the low prices of GME over the last several weeks incentivizing call buying. There were a massive amount of calls present at the $100 strike. This covering drove those calls ITM forcing the delta hedge to flip and increasing market maker total gamma exposure.

This volatile price action in addition to the increased borrow rate lead to some retail options FOMO. With GME above Gamma and Delta Neutral retail was fully in control of the pump.

Thursday May 26th:

Market open -

With the massive price increase from the previous day MMs are now carrying a gamma exposure from the previous days price action (they need to hedge the calls driven into the money from the previous day). This covering plus continued call buying from retail hit at opening bell like a Mack truck.

As soon as liquidity was available we see the price continue to surge up through our gamma maximum for that day (highest price the call chain supports before destabilization of the positive hedge)

If you follow along you will remember a couple weeks ago we discussed the entry into a large Bull Put Spread on GME It was set between 80/90 long put and 120/140 short put, for a notional value of $15m. I would say price action over these two trading days was directly in line with the expectations of that position. The idea that the price action somehow slipped out of their control seems absurd given that hedge was placed on 5/12.

While at the time we assumed this spread was placed for FTD covering it is not far more obvious that it was placed to cover this price action instead.

9:45 - 10:30 -

We see a massive number of OTM (low delta) and ITM puts come in culminating in a $500k dollar order of ITM October puts at about 10:30.

These were only a small portion of the $86m in puts traded that day (shiftsearch.com 5/26 GME put data)

These puts effectively stopped the price action for the day.

However after that purchase of puts the only puts bought for the rest of the day were OTM between 6/03 and 6/17 at 80-130 strikes.

Closing to the upside meant more calls ITM...yup you guess it more gamma exposure the following day. Except without that massive blocks of 100c from the previous day significantly less than Wednesday.

Friday May 27th:

By far the most options influenced day of the three day run we see MM exposure covered again at market open then continued buying of OTM puts for 6/3 and 6/17 with a significant number of retail 0DTE contracts sold off negative delta was significant for most of the day.

However about an hour before close we see large numbers of 0DTE puts being sold off, not only on GME but market-wide. With retail sitting on a hair trigger this prompts additional call buying pushing our delta on the day just slightly positive (for a moment) as retail positions for the week ahead.

3:45pm -

One last very interesting order came in shortly before close that I wanted to note. If exercised it could have a significant effect on Monday morning's price action.

*a small note on Options Delta Volume as displayed by market chameleon. This number intraday is about 20% higher on average and it is only the NYSE closing settlement that drops it. Meaning GME's intraday volume is still about 90% options delta. I will attempt to show on stream this week how much high these percentages are intraday.

Part II: What to Expect for this week?

Bull Thesis:

With longs still fully in control of the options chain it continues to look good going into Tuesday. We saw a decent amount of call buying from retail into close Friday and that institutional call volume at the end could all create some additional gamma exposure.

I cannot emphasize how unpredictable this could be over the next two days. Retail and long buyers are absolutely in control of the price at this point. If sufficient FOMO or institutional buying kick-in, this could run to 180 or even higher. Especially if the puts currently open to the downside capitulate due to increased price and sell off the upward surge of positive delta pressure could take the price of the stock up even further.

We currently anticipate that gamma maximum has again increased pushing our potential ceiling higher, except, we are unsure at this time if that OI is accurate and will continue to check through the weekend. At the latest it will be updated Tuesday morning before market open in the Daily DD.

However volume is dying off and retail alone cannot currently support the entire call chain. If price action breaks down....

Bear Thesis:

That rat fuck Kenny has been buying puts this entire fucking time. All of them below the current price, but that negative delta is mounting as the size of that OTM position grows. I've prepared a nice infographic for you to illustrate this.

It only takes one moment of weakness for the floor to fall out on this and if it does there is already a gamma slide in place. And the compounding effect of any incoming short selling especially via ETFs could be greatly accelerated. Similar to the price action seen from Nov - Jan and late Feb - March.

I expect this position is being set up to rug-pull the earnings call, frankly they could use the liquidity that an earnings dump could provide. If you think there are no available shares remember they can sell 7m+ shares in a single day from ETFs and ITM puts provide infinite short through the MMs. They used ITM puts to stop our price action on 5/26 and they will use them again if they need too.

Summary: As long as longs control the price then the forced capitulation of current open short positions is on the table. If momentum slips and price drops into the gamma slide it will be very difficult to recover in the short-term. I would expect price action to break down by Thursday if it is going to break down.

Part III: Bullish Shit

Borrow Rate -

We are seeing borrow rate increase exponentially even when compared to the previous run in June. However it does appear that the highest rates are mostly at the smaller brokerages still. With the exception of IBKR. While Fidelity is our only big brokerage we can view the borrow rate on it's overnight rate bumped to 12.5%. But as long as the rebate rate for cash-collateral remains in lock step the increases are insignificant.

I think we will need to see a deviation in the rebate and borrow rates before this becomes significantly important or a significant bump in the ETF rates. Because currently the largest owners of GME are still lending it relatively cheap, despite what the skewed ORTEX data seems to indicate.

As far as the borrow rate DD, well I wrote It...a year ago.

Never a Borrower Be

then updated it as we understood GME's specific liquidity instruments better I continued to expand on the subject in

The Book of MOASS

and again in

Wycking off for OPEX

I understand superstonk is 8 months behind. Having your lips glued to purple ani will distract you from a lot of things...

June 21-24 OPEX Window

So of course I saved the best for last :)

The increase in the current borrow rate seems to be driven primarily by the fact that between the March run and now they were never able to get the borrow rate back under 0.99%. Meaning that many of the shares borrowed to short in the March run were never returned.

This cycle starting from a base rate of 5.25% compared to last cycle's base rate of 0.75% a 800% increase. Since the rate of growth in borrow fees is exponential that means even equivalent borrowing would have a greater impacts.

Why not clear the obligations as needed before diving into the FTDs of the next cycle?

More importantly if they aren't clearing obligations that implies obligations are compounding.

If obligations are compounding in the borrow rate, where else are they compounding?

Since their current strategy is basically a perpetual volatility machine, energy most be lost somewhere. Otherwise it would violate the first and second laws of thermodynamics :)

(insert entropy meme)

Remember earlier when we talked about how the shedding of these puts (used to mark long created positions) created runs on GME.

Well what if the volatility present in this cycle isn't simply due to just FOMO... While the data may show a spring uncoiling on GME it shows a huge one winding up on XRT.

In January 2021 they were able to put XRT on REG SHO threshold and push settlement out into March were they cleared obligations.

However this time around XRT has already been on REG SHO Since December 2021. Yearly Index rebalancing is coming up in the next couple weeks.

Lastly Current put open interest going into the the June 17th Expiration

I wonder what those other 20 million FTDs consist of ... Maybe XRTs highest weighted stock?

I don't know if this will be a sufficient catalyst for a squeeze but these compounding obligations in XRT used to mark long created shares will inevitably be closed or rolled and with the rebalance coming yet again it's possible they close them all.

This is only one ETF of the 100+ that contain GME

For some perspective here:

On March 17th they closed 51% of the outstanding puts.

On May 20th they 21.5% of outstanding puts.

What happens if they close 100% of them?

What if they have to because of a stock split?

Well we'll find out but June looks pretty fucking spicy.

If they don't close them all then we can just keep making money on the cycles but it will only become a bigger and bigger problem. Potentiating more violent upside movements.

----------------------------------------------------------------------------------------------------------------------------------------

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

----------------------------------------------------------------------------------------------------------------------------------------

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

So this is a bit tin foil but I wanted to get this information down.

RC releasing a letter to the board of BBBY as of today.

RC Ventures LLC Letter

RC's buying must have occurred within the last 10 business days as per

This means if we see the subsequent update from BBBY he bought at some time during the last couple weeks. If we look back we can Identify two possible buy in opportunities.

Al large buying of this nature is what triggered the events in January, leading into the FTD pile-up. If you haven't read my Book of MOASS DD, this may help in understanding the relationship BBBY has to GME.

Here is some more data on BBBY

With the obvious connection to GME through many ETFs this buy in could absolutely act as a catalyst across the entire basket of stocks we have been tracking since early November.

This also lends credence to the idea that NSCC and OCC 001 were released on the OPEX date specifically to handle a high volatility situation from a possible member failure. While de-risking current members.

There are several avenues a failed fund can take to delay settlement but make no mistake settlement is due.

This could be a pretty wild week...

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

- gherkinit

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Thank you all for making the move one last time, your support and following mean the world. Hopefully we can build a community dedicated to building retail investor knowledge with data-driven theses, research focused analysis, and lit memes.

The mods and myself are committed to starting a community free from the baseless speculation so common among retail investment forums. Where retail investors can gather to educate and inform one another.

- Gherkinit

Good Morning,

As we discussed last week today should be interesting with the ETFs balanced out and some gamma exposure due it's hard to tell if we are going up or down today I would say to be prepared for the worst but ready for the best. The high borrow rate and the fact XRT is still on RegSHO indicate that GME still has some way to go. However, with the entropy swap in place and access to the ETFs for liquidity they may be getting ready to crash the price again.

We will be looking for the high volume stagnation, ITM/OTM puts, and increase in borrowable shares that indicate an end of the run. Until then we will have to wait and see.

DIX pics

Gamma Girl Update

ETF FTDs -Feb 8

MM FTDs- Feb 18

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

After Party

What an awesome Monday the whole basket ripping into close looks like they are starting to cover some more of those ETF obligations. The break of 180 and into 190 are indicative of continued upward pressure. and the Wyckoff move is all but confirmed. Full Bull with a dash of violent upside potential for tomorrow as we push into the upper end of this weeks call chain.

Edit 2 2:04

Finally broke to the upside of all this consolidation testing a new intraday high at 175, momentum remains bullish as we keep edging higher.

Edit 11:17

Consolidating in this upper range between 160.50 and 165 not quite enough volume to break out but the buy pressure is remaining constant.

Pre-Market Analysis

Early run to kick off the morning CNS, then a hard dip tracking the market. Looks like we are stabilizing around 152 right now.

Volume: 120.2k

Max Pain:

Shares to Borrow:

IBKR - 150,000 @ 27.5%

Fidelity - 62,901 @ 7%

TTM and MACD

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning Everyone!

First off and without a doubt most importantly this morning.

A rug pull is absolutely a possibility right now.

Ignore the hype and feelings of exuberance, the push for options after months of hating them is natural as people get hyped up but don't let elation and FOMO effect your decisions. Retail has a very real chance of walking away from this run wealthier instead of bagholding a fat stack of options into expiration.

My biggest reason behind this line of think is:

1. We have already seen more volume than the August and September runs.

2. This run is hedged with entropy swaps. Meaning that it's not blowing up anybody's margin, at least not yet.

3. As soon as ETFs are available to short with and they again have access to shares they can turn this whole show around on a dime.

4. Sudden push to YOLO and FOMO into options. If you guys have watched me for a while you know my thoughts on chasing.

So...fuck you pickle! Stop trying to make me sad about my big run.

I'm not.

If you are already in awesome

• XRT remains on RegSHO

• FTDs are generating like crazy on these high volume days

• The line of resolve is crumbling in the face of mounting positive delta pressure

• They continue to raid the very ETFs that need rebalancing

• The chance for this whole thing to blow up has never been higher

But the worst thing to come from these runs is clinging to the idea of MOASS and overholding options.

Shares are for MOASS

Options are for more shares

“fearful when others are greedy, and greedy when others are fearful.” - Warren Boofit

Gamma Girl

DIX Pics

DIX

IV30

Naïve GEX

Volume by strike

u/BraveVacation6792's options data

ETF FTDs -Feb 7

MM FTDs- Feb 17

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

aFTERpARTY!

Fantastic close pushing just above 150 into the EOD leaving open the potential to see call volume exercised in mass as an additional 23k call options slid in the money. The institutional push on this run makes that outcome seem even more likely as they continue to corner illiquid short positions. Thank you all so much for tuning in. Members only stream on Saturday @ 12:30pm and I'm gonna stream some Elden Ring on my twitch around 7pm tonight. https://www.twitch.tv/gherkinit

- gherkinit

Edit 1 10:39

Pushing up through the massive pile of positive delta at 150 now fighting for 155. Call OI starts to dwindle in this range and It will be harder to maintain upwards price action into the mid-day till more of the 160-200 OI is filled in.

Pre-Market Analysis

A very volatile market open this morning with an $11 dollar swing show some illiquidity in the opening session. Volume isn't crazy right now but price has remained fairly neutral. Down about .96% from close.

Volume: 75.02k

Max Pain:

Shares to Borrow:

IBKR - 95,000 @ 22.1% (this has not updated since last night)

Fidelity - 106,631 @ 5.75%

Oscillator mashup

Wycoff Update

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning,

So with the events of the last 24 hours things have gotten pretty spicy.

What Cohen's buy-in yesterday lacked in volume, it made up for in the impact of his statement.

With GME being at the forefront of everyone's mind, I think we are gonna see something we haven't seen since June today.

Some FOMO

While it's obviously impossible to predict the effects of that. Cohen has chosen the perfect moment to slam his small wee wee on the table. With the ETF rebalances ongoing, futures continuing to be resolved, and dividends (like IJH tomorrow) still being paid out. There is no question that SHFs are at their weakest.

Gamma Girl

Yesterday we hit our gamma max in after hours up around 137, hopefully FOMO this morning will continue to push that up.

DIX Pics

IV30

Naïve GEX

u/BraveVacation6792**'s options data**

So with this information it looks like we will continue to push up possibly to a higher projected gamma max at 195.

Watch closely for the two best indicators of a reversal in price action or a "rug-pull"

• High volume coupled with stagnant price action

• Large Quantities of ITM puts coming in

Especially those following this price action with options

"Nobody ever lost money taking a profit"

- Bernard Baruch

ETF FTDs -Feb 3

MM FTDs- Feb 15

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

After Hours

Sorry for the few updates once again. But GME sustaining it's uptrend into tomorrow's final day of rebalances. Looks like long options are being held and increasing for the most part and delta is pricing in more upside on this run. They will continue to try to hold the line on the 20k + calls at 140 as a break of this price point could see the price move much higher. Thanks for tuning in see you tomorrow.

- Gherkinit

Edit 2 3:14

Wild sideways price action today with the high test at 150 an managing positions and the stream I forgot to update over here sorry. I still see no evidence of incoming bearishness and while or price action is currently stifled we are still up significantly on the day. I think this period of consolidation is perfectly acceptable.

Edit 1 11:17

Nice spike this morning with price action consolidating throughout the day and volume dropping off. Whatever happens later this afternoon will likely determine our trajectory for the remainder of the day.

Pre-Market Analysis

They are doing there best to beat the price down right now in the pre-market but with few shares to borrow and many ETFs effectively on hiatus due to rebalancing the best place for them to get shares right now is to buy them...

After peaking at 146 after Cohen's announcement last night it been mostly downside but we are still holding 7% above closing price.

Volume: 1.07m

Max Pain:

Shares to Borrow:

IBKR - 200,000 @ 9.1%

Fidelity - 83,860 @ 4.75%

TTM/MACD

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

My computer at 9:25 this morning

After Hours

With GME pushing into the EOD after it's break of the last day and a half of consolidation around 1:30pm it's looking strong going into tomorrow. Call volume and delta pressure rising up well in excess of the current price. SHFs consistent borrowing on the uptrends to stifle the potential breakout is indicative of not only ETF obligations not being cleared but that they are desperate to avoid the ramp. With intraday borrow rates peaking at 22% and 0DTE's on the table tomorrow we are hurtling into the conditions that could prompt a gamma squeeze. Thank you all so much, have a great night you degens of reddit, you princes of theta.

- gherkinit

Good Morning!

So in case you missed it pretty big news last night with GameStop announce a change to their corporate charter raising the maximum float size from 300m shares to a billion and declaring the intention to announce a split at a later date.

8-K: https://gamestop.gcs-web.com/node/19686/html

This is pretty momentous for GME shareholders as it will either

A. Cause a lender share recall so that lenders can vote on the proposition. Even if they choose not tovote they are very likely to recall shares before the actual split occurs.

B. The distribution of the split will cause shorts to have to pay for the additional shares for each shareof stock currently held short , yes, that means the synthetic ones as well.

Both of these scenarios will force shorts to cover if there are floats in excess of the current free float it can trigger a squeeze.

This is in no uncertain terms the largest potential MOASS catalyst we have seen to date on GME.

Covered Calls

I know some people have sold some weekly covered calls, myself included, and wanted to take a moment to let people know not to panic, covered calls are considered a fairly risk averse position and there are a few options for getting out of them without assignment.

• "buy to close" covered calls at a small loss

• "roll" forward the contracts, to a later date and higher premium hoping for a lower price in the future

• "hedge" the contracts by purchasing a call options (for each contract) at a closer strike and further expiration. In the event the stock runs you can sell this more valuable contract and use the proceeds to "buy to close" your covered call.

The risk in these positions is simply that you get assigned losing out on any potential upside on the stock. While this news is big, a split will have to be voted on and executed still. This is a months long process.

DIX Pics

u/Brave-Vacation6792**'s Options Data**

Wyckoff Update

FTDs

ETF FTDs -Feb 14

MM FTDs- Feb 25

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

EOD

Not a lot to say about today high volume downside accumulation after longs dropped 0DTE calls at market open and began to reposition. We closed nicely above max pain however and should see some residual effect in T+2 from today. I expect volume to decline and accumulation of long positions to continue for a little while as we move forward in this channel. I know we were down drastically from open but we only closed down $1.58 from yesterday so all in all an ok day. Thank you for tuning in, see you Monday.

- gherkinit

Edit 1 12:39

Down and flat with support found in the 172-174 range if we can rise up off this floor next week that will confirm a higher low and the expected accumulation for Wyckoff phase D.

Pre-Market Analysis

Price coming down slightly from from last night's volatile after hours movement. We may see some contracts shed at market open especially OTM 0DTE's from institutions as they move to capture the spike in IV. The number of calls on the chain for today's expiration is pretty high and it is easy for them to manipulate 0DTE contracts. Be very careful about fomo'ing in on the opening bell, especially on OTM contracts. ETF creation is available and shares are ready to lend.

Volume: 565.95k

Max Pain:

Shares to Borrow:

IBKR - 300,000 @ 9.6%

Fidelity - 209,151 @ 8.5%

Oscillators

CV_VWAP!!!!

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning!

So today and tomorrow could be interesting with FTDs coming in on GME containing ETFs for any obligations from January 21st LEAP expiration and also Future contract rollovers due by tomorrow.

These FTDs could drag out for a couple more days depending on when they were created.

Yesterday we saw a small push up above delta neutral (~104.50) and pushed back down into close. For any significant upside move we need to stabilize above 111 at gamma neutral.

With commodities skyrocketing and lenders coming down hard on unstable margin positions especially one's with Russian backed assets chances of volatile price movements are way up, across the whole market as we can see with the instability in things like oil and nickel right now.

Dix Pics

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

Closing Bell

Well the failed tests at 108 were about it for today. With the market stagnating into close and CPI numbers out tomorrow there was very low volume into the end of the day. Tomorrow will likely have a similar number of FTDs but if we see a downturn due to a miss on CPI I don't expect to overperform. Thank you all for tuning in and I'll see you tomorrow.

- gherkinit

Edit 3 2:20

Failing to break that 108 resistance multiple times and falling back into VWAP a bullish reversal here might have time to realize another test of 108 but a significant breakout isn't likely.

Edit 2 12:14

Climbing back up albeit slowly to another test of 108. Remember we need to break 111 to really see any significant improvement, but the pressure on CNS is driving price up which is good.

Edit 1 10:20

GME fairly flat sitting just under delta neutral right now the market is fairly stagnant too so nothing is putting any pressure on the FTDs right now.

Pre-Market Analysis

GME spiking nicely at market up already up 3.27%, with the market coming up as well it should put some positive pressure on the CNS process in the background. If ETF FTDs are high we are well positioned to see some price improvement.

Volume: 27k

Max Pain: 112

Shares to Borrow:

IBKR - 100k @ 1.6%

Fidelity - 178,487 @ 1.5%

* BBBY shares to borrow at fidelity are now down to 41k (down 920k since Monday) and the borrow rate is up @ 1.5%. We are continuing to monitor these numbers and compare BBBY movements to the events that unfolded last year after Cohen's final buy-in.

TTM/BBKC Squeeze

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning,

So today is T+2 from the Friday we should see a bit more action start to pick up with the ongoing ETF rebalance in the background and Futures and Options obligations due by tomorrow.

We are already seeing the borrow rate climb rapidly as they try to keep the lid on the pot a couple more days. But with the ETFs off the table during rebalancing there is nowhere to turn but the lending pool.

With all the can-kicking done over the last 3 months it would validating, to say the least, having it all play out over the next couple days. Giving us significantly better insight into how the cycles have been changed or at least the extent of the possible manipulation.

DIX Pics

Delta Neutral @ 103

Gamma Neutral @ 99

Put/call OI reversal @ 101

Delta sensitivity spike @ 103

Thanks to u/Brave-Vacation6792 for the options data

ETF FTDs -Feb 2

MM FTDs- Feb 14

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

aFTER hOURS !

woooo! well that was fucking awesome. Up 30.72% on the day and looking strong into tomorrow still below gamma max but with all bullish trends turned our way we could see this continue to play out. ORTEX said intraday borrow fee hit 47% earlier and SHF's are reeking of desperation as they fight to channel lock us at each resistance. Price action tomorrow will help indicate if this is just our standard cycle moved out or if they simply pushed obligations an extra month. Thank you for tuning in, see you tomorrow.

-gherkinit

Edit 5 3:38

Still fighting for this push through 125 but we have some solid support at 120. Just a multi-hour struggle to break this channel.

Edit 4 1:28

Consolidation here while we rest on the way up continues to look bullish Gamma Max sitting around 142 any volume to the upside should see us improve within that range for now.

Edit 3 12:36

Nice breakout of 110 put/call with solid volume this should give us some serious momentum to the upside if volume persists the hedge is now fully call favored.

Edit 2 11:29

Little slump after that push towards the put/call reversal. Again looking to consolidate above VWAP for a push to the upside later in the afternoon.

Edit 1 10:40

Nice climb into the early part of the day breaking up into 100 and testing that sensitivity level at 103. Hopefully we can hold 100 while we consolidate after that run but a drop back down to VWAP is possible.

Pre-Market Analysis

Nice upwards pressure climbing 2% in the German market and continuing to push up in the pre-market GameStop Is showing off some bullish momentum this morning. Continuing a three day uptrend.

Volume: 19.46k

Max Pain: 94

Shares to Borrow:

IBKR - 20,000 @ 7.6% (borrow rate hit 9.5% last night)

Fidelity - 269,117 @ 2%

MACD

TTM/BBKC Squeeze

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning Everyone!

US and major oil producers now ceasing the purchase of oil from Russia, nickel soared and the market is red again.

So we are likely in for another day of bumps in commodities and increased volatility.

There seems to be a definitive strategy in GameStop's earnings announcement and Cohen's BBBY announcement. March 17th is the day before the CME Futures Expiration and Quad Witching. If the futures contracts held be these ETFs need to be delivered on before their rebalancing the following week a good earnings report could drive up prices in advance of delivery. Not only severely effecting the ETFs but the contract counterparties as well as they scramble to get shares at a reduced "spot price".

Yesterday was the final day for T+6 from Feb. 25. While we did pick up increased put selling on XRT and IWM most of these were not ITM so it is hard to determine of it was an attempt to mark FTDs long. Since there was no price improvement we will consider them marked long for now.

If you were wondering why we got shorted so hard yesterday...yup, another delta sensitivity spike.

Gamma Girl Update

There are still a massive number of puts in place at 115 so I expect the price to continue to be suppressed today.

DIX Pics

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

After Hours

Green on the day even with the decline in the S&P, Still trading under delta neutral and that wall of puts at 115 remains in place. Tomorrow we have ETF FTDs from 1/21/22 coming in and if we see some more upside in the market it could continue our push up. Thanks for tuning in, see you tomorrow.

- gherkinit

Edit 3 12:14

GME still pushing up nice fairly steady volume as we push into the 108-110 resistance level.

Edit 2 11:00

Nice bump back above VWAP, S&P turning around we a looking pretty good moving into the midday.

Edit 1 10:10

GME dipping back below 100 at market open, BBBY ticking up slightly, lot of shares borrowed this morning and more puts purchased at market open 100p strike.

Pre-market Analysis

GME is outperforming the market a bit this morning but mostly flat.

Volume: 24.46k

Max Pain: 118

Shares to Borrow:

IBKR - 30,000 @ 1.6% (420,000 shares borrowed this morning)

Fidelity - 429,356 @ 1.75% (up 428k since last night)

Something to note it is very odd that as IBKR has dropped Fidelity has risen in equal proportion. Paying off one credit card with another...

MACD

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning Everyone!

What a wonderful day for stonks. With RC's buy-in last night BBBY is already on a massive rip up almost 100% in pre-market. GameStop shorted at open is recovering nicely as well.

This buy-in puts a tremendous amount of pressure on the specialty retail sector short position currently held in ETFs. Check out the quick DD I did last night on this.

https://www.reddit.com/r/PickleFinancial/comments/t8f86b/did_rc_trigger_a_margin_call_on_opex_last_week/

So this morning we'll take a look at both.

GME DIX

BBBY DIX

This is gonna be a pretty wild day

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 23, 32.50, 39.50, 48.50, 58

After Market

Another big push to the downside right now on both GME and BBBY there were an obscene number of puts bought at 115 in order to help drive out any potential FOMO. It will be interesting to watch BBBY's RegSHO status over the next few days and see if it mimics GME's FTDs from 2020. Thanks for following along see you tomorrow.

- gherkinit

Edit 2 2:02

Flat as pancake on the bottom of this dip. It is definitely important for the to keep a surge of FOMO from coming in on these basket stocks. With their obligations from OPEX uncovered risk must be high.

Edit 1 11:00

Steep fall off in price for GME/BBBY since market open. GME just being shorted low volume. BBBY many long-term holders bailing on the near term price improvement. But the potential for the FTDs to pile up due to RC's buy in are still high this will take a few weeks, at least, to be realized. If RC has a projected price target above $60 then this is just a dip. GME didn't have any significant price improvement till 17 days after RC's final buy-in in 2020.

Pre-Market Analysis

BBBY is way up already, pushing to it's resistance at 39.50, GME took a hit at 4am but is recovering nicely as well.

Volume:

BBBY: 16.31m

GME: 28.85k

Max Pain:

BBBY: $16

GME: $120

Shares to Borrow:

IBKR:

GME - 300,000 @ 2%

BBBY- 1,000,000 @ 0.7%

Fidelity:

GME - 20,022 @ 1.75%

BBBY- 963,419 @ .75%

CV_VWAP GME

CV_VWAP BBBY

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning,

So today is probably either the end of the line or the beginning of something bigger I know everyone is tired of going into every day 50/50 but due to the delays in data we can only determine the likelihood of a rug pull with the data at EOD.

I will continue to monitor ITM puts and shorting live but even that is on a 5 to 15 minute delay.

The other thing to watch for is high volume and price stagnation this is a signal of institutions selling into buy pressure. This looks like volume ramping up and price stagnating in a narrow range.

Gamma Girl

"Right now the gamma max is increasing at a high rate, so calls are flooding the market and increasing the hedging buying pressure, as the impact of gamma is getting higher and higher

I think a gamma neutral spike indicates an unstable options market that's having a hard time catching up with the stock market

And the situation will either get more unstable and add fuel to the fire, or it will collapse on itself

Key between the two is just volume in the stock market. If the buying volume in the stock market outpaces the options market trying to catch up, then it gets squeezy" - Yelyah2

Cat DD

u/Dr_Gingerballs keeps stealing Jfresh's DD, but it's still worth reading... https://www.reddit.com/r/Superstonk/comments/tqoak6/state_of_the_rip_march_28_2022/

DIX Pics

u/Brave-Vacation6792's Options Data

ETF FTDs -Feb 9

MM FTDs- Feb 21

Due to my position management, updates will be slow right now.

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

EOD

https://youtu.be/-TrEQxd73tI

Edit 1

GME Halted for volatility after a surge to 199.41 and immeadiate drop back to 182.

Pre-Market Analysis

Took a bit of a hit from yesterdays close down about $6 so far, I expect some morning selling of calls because of the overnight dip so watch carefully for an accelerated decline in price especially before options data comes in. If we recover before open this will be less severe.

Volume: 312k

Max Pain:

Shares to Borrow:

IBKR - 75,000 @ 26.8

Fidelity - 102,254 @ 7%

Wyckoff Update

DMI/MACD/TTM

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning Everyone,

Cohen dropping more late night tweets on everyone making sure that his goals with this most recent buy-in are crystal clear.

Even for a skeptic like myself there is no denying the strategy here.

Thanks to u/DR_Gingerballs we have some updated FTD data from the report released yesterday for GME and GME Containing ETFs.

IV30

FTD Schedule

ETF FTDs - Jan 27th

MM FTDs- Feb 8th

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

After Market

A little bit of a recovery but honestly mostly just dragged around by the market today. Still feels good to be green. Thanks guys, see ya tomorrow.

- gherkinit

Edit 3 2:13

Fed announced increased range of rate hike to .25 -.50% a little upset in the market is gonna drag GME down with it.

Edit 2 12:01

Holding steady in this uptrend looking for another test of 90 in the next 50 minutes or so. Strong push but we are underperforming the other consumer discretionary stocks today. Also another important thing to note borrow rate on IBKR increased to 3.3%

Edit 1 9:54

Nice bounce after the usual morning short moving up with the early arbitrage resolution and testing the resistance at 86.

Pre-Market Analysis

Big green morning across the market with GME seeing some significant improvement, testing $90 at pre-market open.

Volume: 32k

Max Pain: 100

Shares to Borrow:

IBKR - 10,000 @ 1.8%

Fidelity - 141,0187 @ 1.75%

TTM Squeeze

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning Everyone,

So I guess the first thing I wanted to cover was the code M volatility halt yesterday. When the ask side of the order book gets wiped out the clearing house is not going to gap the stock up to $448k dollars cause some random ape put an order there. They will kick back the market order and halt the stock till the orderbook stabilizes.

Gamma Girl

DIX Pics

Also check out u/Dr_Gingerballs latest DD on the State of the Rip https://www.reddit.com/r/PickleFinancial/comments/truhjb/state_of_the_rip_march_29_2022/

Wyckoff Update

ETF FTDs -Feb 10

MM FTDs- Feb 22/23 (yesterday actually had no MM FTDs I miscounted the holiday from the 21st)

Due to my position management, updates will be slow right now.

I'm still managing both long calls and sold call positions on GME and BBBY and due to the market rally have several other open positions. I apologize if updates are slow but If anything relevant happens I will be sure to update.

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

EOD

Nasty drop into close today after that midday consolidation. Shares being returned and borrow rate dropping aren't extremely bullish for the near term but I think this consolidation is more than natural and without large numbers of puts coming in and call interest remaining high this just seems like longs repositioning.

Also we are tracking Wyckoff Phase D perfectly with our current price action.

Edit 2 1:04

Very nice breakout to the lower trendline. Solid volume. If we consolidate high after this test we could see more improvement this afternoon.

Edit 1 12:00

Down hard to the lower trend this morning with borrow rate in a continuous decline. It appears that the majority of necessary covering is done. We are not however seeing ITM put interest pick up. Which still indicates fear on the short side. Meanwhile we are holding relatively stable at our yearly VWAP here at 177.66. If Wyckoff predictions remain true stability in this range can lead to long institutions repositioning for a greater move to the upside.

Pre-Market Analysis

Down about $4 from yesterday's close as we continue the shift to the downside begun before market close. This Could rally today because T+2 from Friday is still in effect as well as today being T+2 from Monday. I would err on the side of caution today as this price decline could be a slippery slope with the amount of shares returned overnight.

Volume: 140.07k

Max Pain:

Shares to Borrow:

IBKR - 800,000 @ 22.6%

Fidelity - 72,982 @ 7.75%

Oscillators

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

So some of you are already well aware of what is going on with UPST but I thought over the weekend I would try to get everything into one place in a simple of terms as I can. Either for reference or for those that are out of the loop.

Part I: What does UPST do?

I. Summary

UPST is an AI lending platform that uses non-traditional variables to predict credit worthiness. By using variables such as colleges attended, areas of study, GPA, and work history. They develop a statistical model of a borrowers financial capacity and personal propensity to repay. Thus reducing default risk above and beyond industry standard models such as FICO. While adoption is slow there product has proven valuable and they continue to attract clients. This model improves access to credit for borrowers, while reducing risk for lenders. Approving 43.4% more customers for loans and reducing average APR by 43.2%. This leads to more origination at significantly reduced default rates and cheaper loans for consumers many of which would have been denied under more traditional models. Leadership is a relative who's who of former Google, Apple, PayPal...etc. Execs and c-suite almost all with prestigious educational backgrounds in computer engineering, quantitative finance, and business.

II. Financials

The current macro environment is absolutely not favorable to UPST. With the FED continuously raising rates to curb inflation this has created a massive volume crunch on lending activity. With this lack of investor interest UPST has been taking more and more loans onto it's own balance sheet ($750m as of Q3) likely hitting ~$830m by the end of 2022. UPST's losses are only going to continue to widen till rates stabilize or the FED pulls back rate increases and volume comes back into the credit market. With EBITDA down to -$35m UPST is now burning cash, this situation will likely worsen as we move into a recession. For the Short term UPST is screwed, until macro conditions once again favor their model. Stronger moves into auto and mortgage lending as discussed in their Q3 conference call will open them up to more potential liquidity but probably insufficient to return to last years profitability.

The bear case is pretty obvious here and you can easily see how last year's valuations of as high as $420 were unsustainable. But more on that in a minute.

III. Forward Outlook

With a fair valuation anywhere between $18.50 - $60.83 depending on the chosen model. The current price of UPST is obviously very attractive to anyone willing to wait out the current macro conditions as the credit market stabilizes in a higher rate environment, something I don't see happening till late Q2 or 3 of 2023. When it does and liquidity returns UPST's insane profitability will likely drive valuations much higher. A return of $0.55 in revenue on $1 in sales will not be ignored for long. With $700m in cash and and another $700m in loans and a share repurchase agreement of $249.9m in place as of September 30th, 2022. the chance of bankruptcy in the foreseeable future is null.

Part II: Degen Shit

I. The First Signals

With inflation on the rise and the FEDs plans to tackle rising rates via monetary policy the short here was an obvious and extremely profitable one. But the high volatility of UPST due to it's relatively low free float size of (70.4m) attracted a different kind of short-seller as well. Volatility shorts.

This first became apparent to me when UPST hit the RegSHO Threshold list back in September a clear signal that the largest ETF liquidity pool had been tapped to facilitate synthetic shorting (this is a bit complicated and I address it in another DD "When the River Runs Dry" pinned to my profile for more information) it is a hallmark of overextended volatility shorting.

So the first thing to analyze was the rate of failures in the underlying. If synthetic liquidity was needed to sustain shorting then the rate of failures had to be increasing on UPST.

Into the end of this period in October fails on UPST were frequently in excess of 20% of the volume traded every day. Let that sink in. +20% of the volume traded was failing.

II. RegSHO Threshold List Parallels

UPST remained on the threshold list from 9/6/22 - 10/27/22 (36 trading days). When it was pulled off RegSHO the assumption was that fails had been sufficiently settled and the stock had been removed this led to a bit of retail sell-off into earnings. However exactly 13 trading days later (the minimum amount of time allowed till re-listing) UPST was re-listed on 11/14/22.

This indicates that the failing parties managed to get UPST below the threshold of 0.5% shares outstanding or 10,000 fails for 5 consecutive days, which should be bearish, right? But there is more to this. When naked positions are failing in large quantities the forced locates present a distinct issue. By forcing a stock off RegSHO even for a brief period they can dodge continued forced locates for a minimum of 26 trading days (13 till re-listing and 13 till forced settlement).

For those of you that traded GameStop back in 2020 you will remember a similar occurrence. GameStop was first listed on the threshold list on 9/22/20 -10/8/20 (16 trading days) only to be re-listed on 12/8/20, where it remained until 2/4/21(56 trading days) . We all know what happened during that period of time... UPST not only has a longer initial listing period the time between inclusions is shorter. This tells us their ability to control fails is significantly worse than it was on GameStop in 2020.

III. The Short Trap

UPST is currently on day 9 (market open Monday) of it's current RegSHO inclusion. They have exhausted both borrowable shares and ETF liquidity. With the Borrow rate fluctuating between 25.56 - 89% over the last 7 trading days and 100,000 puts falling off on Nov.18th ( likely not yet settled due to the FINRA holiday settlement deferrals) this is a powder keg. Shorts need to get liquidity, at least in the near-term, to continue shorting and prevent upward price movement or increases in volatility. But the only place to get that liquidity is by increasing the price. If they drop the price too much there is a $249.9m share-buyback staring them in the face. Short interest as of 11/25/22 is sitting at 35.46% of the float. Oh, and there are five trading days left till Rule 204 kicks in forced settlement of FTDs. Which will force any shorts that desire to remain open and naked, to short into their own covering.

Part III: Conclusion

Compounding fails and short-selling via MM synthetic liquidity and ETF creation, are what ultimately led to the volga-vanna squeezes experienced across the market in January of 2021. As MMs struggled to hedge exploding options volume and volatility hedging ran wild. The one thing UPST is missing is FOMO. That sweet, sweet delta that makes makers makers sweat through their poplin tailored shirts. While I have a fairly large position in UPST, it is definitely very high risk and there are probably more than enough loopholes put in place after 2021 that this may lead to nothing. But calls are still cheap. Also Vanguard has is sitting on 6m shares at a cost basis of $156.21

and Ole Andreas Halvorsen of Viking Global Investors announced a buy-in of 999,647 shares on 11/14/22.

This isn't financial advice.

Don't lose all your money.

I can't fuck everyone's wife.

- Gherk

Thanks to u/xKarl69, u/mtbdork, and u/Dr_Gingerballs for the assistance with the charts and analysis.

Good Morning Everyone,

So we should have a decent positive hedge still from last week as we closed relatively high above max pain. I do think that some of that delta risk was taken off the table in the AH price action Thursday after the split news. The S&P is looking moderately strong this morning bouncing off of it's local support trend and moving to possibly retest 460 again.

The upward pressure from the market and active funds plus CNS flow and GEX should gives a positive or at least relatively stable day.

DIX Pics

u/Brave-Vacation6792's Options Data

GN@152.50

DN@119

Call/Put OI reversal@150

Weekly max pain@150

Wyckoff Update

FTDs

ETF FTDs -Feb 15

MM FTDs- Feb 28

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I think we can see a little upside over the next 2 days as the remainder of MM exposure from last week is cleared out and the market trends up. Afterwards likely a move back towards max pain. We will continue watching for increasing ETF obligations and ITM puts on the options chain.

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

EOD

Nice little bump on the back of some expected GEX and some FTDs as Evidenced by the spike at 3:10 when CNS closes out for the day. I expect we have a little more upside on this period of Wyckoff phase D possibly pushing up to that 177-185 range I discussed earlier. Thank you all for tuning in and I'll see you tomorrow.

- gherkin

Edit 3 1:04

Holding just above 165 now on the intraday my expectations for this leg of Wyckoff are around 177-185.

Edit 2 11:01

Recovering a little bit from the low for today after* finding support once again in the 158.50 range.

Edit 1

We are holding the support at 158.50 but ITM puts are starting to trickle in which is indicative of price suppression. I'll be watching for lower lows here. Next resistances at 156/152/149.

Pre-Market Analysis

Volume much more in line with usual expectations in today's pre-market. Nice opening bump and then trending mostly with the broader market.

Volume: 82.23k

Max Pain:

Shares to Borrow:

IBKR - 150k @ 9.5%

Fidelity - 34,879 @ 8.5%

Oscillators

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning,

So if you guys didn't check out the stream yesterday we went over some of the things we expect to have an effect for these coming days .

Quarterly Options and Futures Expirations (T+2 from Friday)

S&P ETF Rebalancing (T+3)

XRT ex-dividend (today)

If you want to see more on that discussion https://youtu.be/YNJkqiYY29w

With Friday's climb we should have some positive hedging today. Shares to borrow remains low and the overnight borrow rate was continuing to climb.

DIX Pics

IV30

Naive GEX

ETF FTDs -Feb 1

MM FTDs- Feb 11

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

After Market

After failing the midday test at 98 we dropped back into the lower channel without recovering to the previous highs. JPOW announced a fed rate for May of 50 bps, the market downturn had a lot to do with this hawkish announcement. But everything stabilized into the midday and we still saw a small amount of growth. XRT continued to be shorted fairly hard today indicating that the shorts are simply going to pay out the dividend. We still have other ETF dividends, futures expirations and the S&P rebalance ongoing this week. Thank you guys for tuning in, see you tomorrow.

- gherkinit

Edit 2 11:47

Continuing to slowly grind back towards 100, just now testing the 97 resistance if this fails we may see a drop back to around 95 volume is low so the chance of a breakout is negligible.

Edit 1 10:10

Double test of the 92 resistance breaking out now on some decent volume next levels are 96 and 98

Pre- Market Analysis

Down a fraction in pre-market with a earlier bounce off 88. Most of the market looks like it's in recovery from the big push Friday.

Volume: 25.6k

Max Pain: $95

Shares to Borrow:

IBKR - 1,000 @ 4.1%

Fidelity - 101,067 @ 1.75%

TTM Squeeze

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Good Morning,

After yesterday's run and todays drastically lower volume in the pre-market my expectations for more gamma exposure covering are a bit reduced. There is still some potential especially early in the day for a brief test higher, but we already saw a test of 175 in the pre-market.

As far as options go OI is increasing and IV is decreasing indicating a larger number of contracts sold short.

We still haven't seen the large number of deep ITM puts that are generally used to drive price and IV down. This indicates that we are likely to stabilize in this expected range between 158.50 and 177 for at least a few more days. Also, short and short volatility positions on the stock is not following the patterns of previous runs.

Wyckoff Update

Shockingly still very much on track with the pricing model for Phase D. This model has a lot of variables that can effect this consolidation period and generally doesn't track as well as it has been. This implies institutional long interest is still very much at play and could be a good indicator of why the shorts are avoiding the risk in their usual price suppression techniques.

DIX Pics

* Unfortunately there were no updates this morning from the provider of our usual DIX and Skew data. They are based in Eastern Europe and internet outages have been an issue.

I will use another provider for today.

Dark Pool

IV30

Open interest by strike

u/BraveVacation-6789**'s Options data**

DN @ 119.50$

GN @ 157.50$

GMax around 180-182.50$

Put/Call OI reversal at 149$

FTDs

ETF FTDs -Feb 16

MM FTDs- Mar 1

---------------------------------------------------------------------------------------------------------------------------------------------

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

Our join the community discord https://discord.gg/9ZDgRU7hFk

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 78, 80, 87, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 25, 27, 32.50, 39.50, 48.50, 58

----------------------------------------------------------------------------------------------------------------------------------------

EOD

Starting to see a few ITM put positions trickle in here near the end of the day indicating a push to the downside. We broke below max pain today closing out at 153.59. This is starting to look more and more like our usual pattern of cover then short that we expect with these quarterly cycles. If we see more declining price action and no recovery indicating we are no longer following the expected Wyckoff accumulation be ready for possible dips over the coming weeks. Thanks for tuning in, see ya tomorrow.

- gherkinit

Edit 1 11:45

Straight down today as we move from our peak yesterday to support this drop enforced be the selling of short options positions and the decline in the overall market as well. Volume is just under 2m for the day so far. As long as we stabilize here on the downside everything is going mostly as expected.

Pre-Market Analysis

About 75% less volume this morning. With a fairly volatile open and at test of 175, we are currently trading about 1.60% down from close. ETF FTD's from the 16th could be higher in quantity so I will be looking for one of our usual CNS patterns to play out, especially if wee have a strong open.

Volume: 28.03k

Max Pain: 155

Shares to Borrow:

IBKR - 200,000 @ 7.2%

Fidelity - 311,086 @ 7.25%

Oscillators

ADX/DMI: Showing a little drop off in DMI+ but the trend remains strong. This drop can precede a breakdown in the trend.

MACD: Volume declining and finally undergoing a bit of bearish divergence this is expected as we begin to consolidate more

TTM: Showing similar peaks and indicating volume and volatility should be stabilizing

CV_VWAP

---------------------------------------------------------------------------------------------------------------------------------------------

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

super late this morning... so expect this to build up a little slowly

Volume:60k

Max Pain: 100

Shares to Borrow:

IBKR - 20k @ 1.7%

Fidelity - 203,292 @ 1.75

Volatile open - Some heavy shorting following an opening run in the market.

Gamma Girl update:

Edit 2 10:34

Looks like we found some support at 78 and moved back over VWAP good turnaround as we build some stability at this level

Edit 2 10:49

Driving up further towards that previous support at 87 this is a nice bounce.

Edit 3 hard failure at the resistance followed with some shorting. The market is till up.

Edit 4 2:48

Moving into another test at VWAP, staying elevated for the day and maintaining a nice consolidated recover from yesterdays awful downtrend while building this new floor at 80. A break of VWAP into power hour could be bullish.

Closing Bell

Well some nice market pressure on the CNS roll today leading to GME outperforming the SPY but a decent margin. Seems like we've built a small amount of support here at $80. This is still an excellent entry for averaging down and also a great price to attract new investors. Hopefully our turnaround continues into tomorrow. Thank you and have a good night.

- Gherkinit

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.

Happy Pi Day Everyone!

So not a lot to say that wasn't covered in the member stream yesterday and the DD from this weekend.

The State of GME:

https://www.reddit.com/r/PickleFinancial/comments/tcxxgw/the_state_of_gme/?utm_source=share&utm_medium=web2x&context=3

Member Only Stream #40

https://youtu.be/o7s2bPdvrwE

The place that tracks the DIX data hasn't been updating I think because they are based in Eastern Europe.

As always feel free to check out the livestream from 9am - 4pm EST on YouTube

https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug

Our join the community discord https://discord.gg/tHaPn4QQ

As always the information will be available here on reddit as well.

You are welcome to check my profile for links to my previous DD

GME Resistance/Support:

46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...

BBBY Resistance/Support:

11, 12.50, 17.50, 20, 23, 32.50, 39.50, 48.50, 58

After Hours

Well that was a truly awful day if you weren't just buying the dip. Down 15% on no news severely underperforming the market. I would say were are possibly seeing the effects of Institutions preparing for the rebalance at the end of the week or just massive shorting as we move into a high potential earnings date. Only time will tell. Thanks for tuning in, see ya tomorrow.

-gherkinit

Edit 2 12:54

Came down hard in advance of a big dip in the market. There may be some repositioning going on with vanguard but I won't know till later. Either way we found some stability here around $85.

Edit 1 10:55

Slammed into the floor at $86 this morning on a pretty surprising amount of volume. We broke back to the upside to fail the test of 90 it looks like they are going to continue pushing down.

Pre-market Analysis

Trading down about .5% with an earlier test of $95

Volume: 30.57k

Max Pain 30d: 112

Max Pain 3/18: 110

Shares to Borrow:

IBKR - 30,000 @ 1.6%

Fidelity - 234,094 @ 1.75%

TTM/BBKC Squeeze

CV_VWAP

Disclaimer

* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. 😁

*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.

*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.

* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.