Stock Market Discussion, Chat About the Latest Market Action

[Adam256]

No, what about it is so appealing to you?

Just curious.

Just came across it recently, seems a bit sus and was wondering if anyone actually uses it that's all.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kevin88660]

https://cointelegraph.com/news/roaring-kitty-300m-gamestop-gains-first-gme-billionaire

 

[The Sandman]

https://cointelegraph.com/news/roaring-kitty-300m-gamestop-gains-first-gme-billionaire

Came to post similar. He's back, having turned $50k to $290M.

 

[MJ DeMarco]

Came to post similar. He's back, having turned $50k to $290M.

Sorry, not buying it. And screenshots like this can be easily forged.

Here's my account!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[loop101]

Here's mine.

 

[socaldude]

Market Maker "Maximum Pain" on $GME is at the $20 handle. 146k Open Interest on $20 Calls expiring on 6/21.

Market Makers are rubbing their hands and licking their lips.

This guy is gonna lose a lot of money.


From Maximum-Pain.com

 

[The Sandman]

Sorry, not buying it. And screenshots like this can be easily forged.

Here's my account!


View attachment 56260

That's true, but I don't think he's b.s.-ing here. He was honest last time around, and was even called to testify before congress while they looked for potential securities fraud. It'd be really dumb for him to put out fabricated information.

He was an outsider who took on INSIDERS, and won.

The question I have is if he's still an outsider. Or did he accept an invitation to join the INSIDERS's club.

It'd be cool if he hasn't.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kevin88660]

That's true, but I don't think he's b.s.-ing here. He was honest last time around, and was even called to testify before congress while they looked for potential securities fraud. It'd be really dumb for him to put out fabricated information.

He was an outsider who took on INSIDERS, and won.

The question I have is if he's still an outsider. Or did he accept an invitation to join the INSIDERS's club.

It'd be cool if he hasn't.

I don’t believe he wants to lie on his positions, especially there are still lawsuits going on after him from those who bought GME and lost money in 2021.

After all he wants to hype up the market. What is the point of faking a large position, the market went up, and the world thinks you made a lot of money but you didn’t.

To avoid market manipulation charges, he needs to hold the positions for an extended period of time.

The biggest risk is still legal risk for him. He is using his influence to hype up a stock with money at stake.

Short interest is not as high as 2021. It will be bulls gaming each other for the greater fools.

 

[Kevin88660]

13F filing reveals that top call option seller have 9M shares of GME in stocks while Roaring Kitty has bought 12M size of options (itm) expiring 21 June.

Given an average daily trading volume of 20M shares and circulating supply of close to 300M shares this 3M uncovered calls seems nothing.

But we duno how many others hidden bulls are there and how many new buyers are coming.

If they keep buying at the money options call options sellers will be forced to hedge their position buying in more underlying shares, and thereby causing the price to go parabolic.

If Roaring Kitty is successful, this could be perceived as market manipulation. Is he trying to fight lawsuits and charges again?

Whatever it is this drama is worth my playing money to throw some at the ATM options expiring 16 june.

 

[socaldude]

Interesting development here on $GME. I might actually go in and buy puts. Up 10 handles here mid-session.

I wanna see what it does into the close of the bell.

The 20 strike puts monthly expiration don't look too bad right now.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[socaldude]

Looks like they halted trading on $GME.

 

[Kevin88660]

Interesting development here on $GME. I might actually go in and buy puts. Up 10 handles here mid-session.

I wanna see what it does into the close of the bell.

The 20 strike puts monthly expiration don't look too bad right now.

I think Roaring Kitten is trying to roast the call options seller.

Openly flashing his positions is an open call to action without explicitly saying so.

 

[Kevin88660]

Looks like they halted trading on $GME.

Wow!

I love the drama.

My at the money options deeply in the money.

This will be the biggest gamma squeeze in 2024, lifting Roaring Kitten to billionaire status.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[socaldude]

Wow!

I love the drama.

Looks like we are back.

Market Makers are gonna show up with baseball bats and beat $GME down to $20.

 

[Kevin88660]

Looks like we are back.

Market Makers are gonna show up with baseball bats and beat $GME down to $20.

$80 first before $20?

It’s mid section of the book that is exciting, not the ending.

 

[The Sandman]

Livestream tomorrow morning!

View: https://www.youtube.com/watch?v=U1prSyyIco0&ab_channel=RoaringKitty

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[The Sandman]

 

[The Sandman]

Just crossed 60 in after hours trading

 

[Kevin88660]

Just crossed 60 in after hours trading

I think he will be a paper billionaire and eventually lose the status.

There is not enough liquidity for him to cash out without tanking the market.

Doing so (tanking the market to exit for personal profit) would tarnish his reputation and make him a further target for SEC. Lots of lawsuits will be coming in. I am sure he knows this better.

It is more for him having an axe to grind against the hedge fund market makers.

He has a CFA level 3 certificate. This is a top tier certification with figures like less than ten percent of the candidates who participated for it eventually passed and completed all three papers.

Maybe he did apply for jobs at the hedge fund and without surprised they rejected all him, before him landing a job as as investment education curriculum planner in Mass Mutual.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kevin88660]

Just crossed 60 in after hours trading

I think he will be a paper billionaire and eventually lose the status.

There is not enough liquidity for him to cash out without tanking the market.

Doing so (tanking the market to exit for personal profit) would tarnish his reputation and make him a further target for SEC. Lots of lawsuits will be coming in. I am sure he knows this better.

It is more for him having an axe to grind against the hedge fund market makers.

He has a CFA level 3 certificate. This is a top tier certification with figures like less than ten percent of the candidates who participated for it eventually passed and completed all three papers.

I expect a lot of volatile coming in. New bulls and bears FOMO into the market. Roar Kitten will be flashing his positions during off market hours to cheer for the bulls, meanwhile telling everyone that he has not sold a single share of gme.

 

[MJ DeMarco]

GME has been halted already 4 times, currently down 40%.

Edit, now 5 times.

 

[Kevin88660]

I expect a tug of war between bulls and bears while the price bounces in between 20-80 range.

Options premium for gme is too high and their bid offer spreads gap are big.

Make more sense to trade the underlying shares now.

Im scooping below $30 gme stocks at different levels with the buying quantity proportional to fall in price.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[socaldude]

GME unexpectedly released earnings. Which is BS.

I can’t get a good entry on those Puts. LOL

 

[Kevin88660]

GME unexpectedly released earnings. Which is BS.

I can’t get a good entry on those Puts. LOL

The market is a voting machine in the short run.

 

[socaldude]

The market is a voting machine in the short run.

So in the long run my Puts can be put on a weighing machine?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kevin88660]

So in the long run my Puts can be put on a weighing machine?

Depends on how good your trading instincts are, and of course luck matters.

Your strike price and expiry date, option price level, …everything counts.

Today’s stock market is more like a casino disguised under financial buzzword and intellectual musings.

 

[socaldude]

Depends on how good your trading instincts are, and of course luck matters.

Looks like the play here was to buy puts at the close yesterday and dump them for a quick 60% profit.

I didn't like that price action into the close though.

I actually think the party is over. I don't think it will go to $40 again.

I wonder if Keith Gill is still holding those Calls.

 

[The Sandman]

Looks like the play here was to buy puts at the close yesterday and dump them for a quick 60% profit.

I didn't like that price action into the close though.

I actually think the party is over. I don't think it will go to $40 again.

I wonder if Keith Gill is still holding those Calls.

oh he's hodling... This show is far from over

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Looks like the play here was to buy puts

I sold a bunch of riskless calendar CALLS that profit from the volatility and theta. I'll get paid $35/day to hold them and have a decent upside. The calls are easier to sell/buy because that's where all the stampede buyers are; all from Reddit/social media looking to get rich thanks to some influencer.

 

[socaldude]

I sold a bunch of riskless calendar CALLS that profit from the volatility and theta. I'll get paid $35/day to hold them and have a decent upside.

Yeah, that would be the way to go. Just go a combination of horizontal on the option chain and profit from the expensive option.

The IV on the June monthly contracts is 311.5%. That's a daily expected move of about +/-19.46%(Different from the expected move which is +/-12.92 handles). LOL

I don't know if anybody has been paying attention but $GME don't move that much everyday. LOL

This is how I know right off the bat this is way too expensive to hold a Put. I'll be right that it'll go lower down to $20 or $18. But, you are also taking an opinion on Time and Vol.

Also, I'm not buying it that Keith is holding millions worth of those $20 Calls. The 148k open interest is probably all retail joes hoping it goes to infinity.

In the end, the house always wins.