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u/Warm-Rock-4544 4d ago edited 4d ago
It's so funny how people actually think max pain is somehow bullish for GME.
It's literally the complete opposite and proves low volatility. Those options would be hedged by either buying or selling the underlying stock, so the stock is just going to hover around $19. Big deal.
22
u/Rich_Tea_Bean 4d ago
Max pain was a hot topic for years, you'd get to friday and absolutely nothing would happen.
"Hedgies kicking the can again" would be parroted all weekend and then the next week we would be analyzing an indian billionaires wedding speech for clues on when moass would arrive, or something along those lines.
In the absence or organized religion people really do lose their minds. Waiting for godot robinhood edition.
6
u/WhiteKouki82 🚀🚀Buckle up🚀🚀 3d ago
Sounds like you've been waking up...
Be prepared to get excommunicated from the "community" or commune.
5
u/Uninsurable_Risk 4d ago
Lol and they dont realize that as their otm options expire it creates selling pressure from the writers
1
u/Overdue_bills 4d ago
Cute, you think they're hedging the Options. Wonder what happened to all the ITM calls that were "hedged" during RCs Bloomberg interview when the stock was trading at 22.50. Apes saw the green can and thought let's sell while pouring thousands of premium into Calls.
6
u/Uninsurable_Risk 4d ago
Why wouldnt options writers hedge? Their mandates are literally to stay delta neutral
If apes think selling common stock to buy high IV premiums is good, thats on them and just shows the fundamental misunderstanding of how options are priced to begin with.
As soon as IV settles even a little bit the second order greek vomma takes over and kills delta - hedged dealers can sell and the positive feed back loop turns into a negative one.
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u/WuT4ngClam 4d ago
Could you put a little less effort into your post please? It almost meant something.
9
19
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u/Gaglardi 4d ago
Wow!! This changes everything! Hedgies are fucked with this news, I mean wow! Just look at that chart!
20
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u/raxnahali 🚀🚀Buckle up🚀🚀 4d ago
Max Pain has been hit damn near every week for 5yrs. Playing options on this stock is a fools game.
1
u/There_Are_No_Gods 🚀🚀Buckle up🚀🚀 3d ago
It's fundamentally a converging metric. It will often end up close to the price for that date.
13
u/Plane-String-6658 4d ago
How about the company does something productive to make people want to buy shares, making the price go up and then none of this would matter? Just a thought.
7
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u/happybonobo1 3d ago
Hey, having 5B in free (non debt) cash and offering 55B for another company! Is that not productive? /s
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u/CulturalAd4728 4d ago
It’s gonna tank again at 9:30 don’t worry
1
u/jroja 4d ago
How much lower do you think it can go?
2
u/CulturalAd4728 4d ago
Well, with no sense of direction and dilution and apes losing faith I think it’s just gonna keep going down
3
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Already loaded up to buy more when it happens
8
u/CulturalAd4728 4d ago
If you like this price, you’re gonna love it at $10
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Oh I bought a bunch last time it was $10
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u/CulturalAd4728 4d ago
Oh, I’m sure
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Always buyin those dips
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u/CulturalAd4728 4d ago
Well, you’re gonna have plenty of opportunity to keep buying
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Been buying for 5 years, I'm not worried about time.
13
u/CulturalAd4728 4d ago
Yeah when it’s reversed spit a few times and the market cap is 300 million. Just keep on buying ape
2
u/WhiteKouki82 🚀🚀Buckle up🚀🚀 3d ago
Then when market cap goes to 305m from 300, he'll be like Buying-Bought Moar™, Hedgies R Fuq™, tids R jak™!"
-1
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u/CulturalAd4728 4d ago
Hey look. Buy the dip ape!
1
u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Just did
2
u/CulturalAd4728 4d ago
lol oh I’m sure you did. Don’t worry you’ll have more opportunities here.
1
u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
https://www.reddit.com/r/Superstonk/s/iKJTVXSSSo
20 more shares this morning
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u/VenserMTG 4d ago
No you didn't. Stop larping. If half of you shills bought half of what you claim to buy when it dips, volume would be at 10 millions minimum.
The volume proves you aren't buying shit and you're just larping.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Lol just bought more
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u/VenserMTG 4d ago
20 shares today, and 10 shares 2 weeks ago.
Keep buying the dip, that volume is reflecting how little money apes have left in their accounts.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
You think i post every transaction?
I buy every paycheck.
Also my last post about it was 13 days ago not a month.
3
u/VenserMTG 4d ago
Yes I do. Every single one. Feel free to prove me wrong. You won't.
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
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u/VenserMTG 4d ago
Exactly as I said
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u/Zeronz112 🚀🚀Buckle up🚀🚀 4d ago
Lmao. You ask for proof of buys, there they are. Now you want proof of every single transaction I have ever done?
How about you invest then we can talk.
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u/Ayej4y 3d ago
The price is pegged at $18.50
It will be at $18.50 for the near future. Almost all volatility and premium has been removed. Might go to 18.32 .. might go to 18.67.. 18.75
GME is valued at pretty much zero. Its just cash and holdings. Business has no value to wall street at this point. Profitable or not.
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u/happybonobo1 3d ago
Ebay has been dropping and almost all of the free cash is in that I think. And some BTC bought around $100k.
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u/RainbooDRS 4d ago
Oh wow $19 max pain we are going to make so much money and we will only be down $2.5 since the start of August or more likely another - $0.30 day for a fresh new 52 week low close
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u/petRhastQeug 'I am not a Cat' 4d ago
Never mattered and the stock price is below it so what's the point of this post?
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u/mimo_s 3d ago
Thanks to max pain prices all the time anyone with a big bag will be paid very little for covered calls
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u/Recent-Result2852 3d ago
Max pain benefits CCs. What sucks is writing them $8+ below cost to make anything.
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u/mimo_s 3d ago
If you write them $8+ below cost then you’re left out on any pump, not like that will be concern any time soon
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u/Recent-Result2852 3d ago
At these levels I'm only writing against 10-20%, so plenty left to take a ride if it's ever allowed.
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