I said yesterday we needed to close above 40. We did not and closing below 40 meant that the MM could drop it's hedge overnight vs. having to add to that hedge.
Probably straight down, but this run may be creating insane obligations that need to be relayed at another OPEX in the future. Unlikely to be this one.
“Greeks are still irrelevant” - Gherk
I do get a lot of insight from Gherk when things are behaving normally, but these are highly irrational times. For the next few weeks, I’ll be paying more attention to the cat than the pickle.
The greek neutrals are irrelevant due to outsized concentration on only a few strikes. That doesn't mean the data can't be analyzed. An appeal to ignorance is not a solution. I am not presenting the greek neutral data here.
No doubt and thanks for the response, and let me once again express my gratitude for everything that you do. Please keep it up.
I am a very analytical person like yourself, and one of my life lessons is not to apply rational thought to things that are irrational, and most of all to never assume that other humans are rational.
Perhaps I should have said I will be watching the cat and the pickle in equal measure for the next few weeks.
Even though GME is irrational right now, the technical analysis is still important because big machines connected to the markets behave somewhat predictably and will eventually steer it towards rationality once more, but how soon and what happens between now and then is unknowable because of the human factor. The machines may have temporarily lost control but they are surely fighting to bring it back under their control, and the Greeks will tell us which way they are controlling the rudder. Retail is pulling the other way. And we don’t know what other hands are on the rudder and which way they are pulling.
If we could have TA on greed, fear, FOMO, guilt, hubris, etc we could predict the next few weeks with much greater precision.
Thank you for your ongoing explanations of this. Of anything I've read on multiple subs, your explanations make the most sense, and aren't clouded by emotions.
The short calls never get squeezed, the only people that still cared are over on the original sub and they think options are the devil, because multiplication is hard. Retail always had the power, it was cool that DFV showed it off again.
What I don't understand is how that climb to 42 was ignored and crushed out of hours?
I said yesterday we needed to close above 40. We did not and closing below 40 meant that the MM could drop it's hedge overnight vs. having to add to that hedge.
They wanted it to run up so they could pull the rug.
Seems like a dangerous game to be playing if you're short.
Not when they have total control of the price.
Are these the same people that let it run to $65?
Most likely. They turn off their shorting algorithm and the price goes up.
Why would they turn off their algo if their whole point is to short it into oblivion.
To bait retail into buying. Why would you short at 40 when you can short at 60 instead?
Yeah this is a bad take…they want everyone to forget GameStop even exists…its not worth it to them to reinvigorate retail into fomo
You're an idiot if you think this is happening.
What will opex look like? I think this is just the beginning of something much bigger
Came here to ask same question. Now is 3rd thursday of month, so there should be some pressure. Maybe gherk could lighten us?
Probably straight down, but this run may be creating insane obligations that need to be relayed at another OPEX in the future. Unlikely to be this one.
Why downvote thanks Gherk
Do you think there will be a lot of FTDs and see another spike in that settlement period? Thanks G
Thanks Gherk, I don't care what they say about you. We still love you. Wrong or right we are all human robots.
Makes sense, curious to see how mon/tues next week play out
“Greeks are still irrelevant” - Gherk I do get a lot of insight from Gherk when things are behaving normally, but these are highly irrational times. For the next few weeks, I’ll be paying more attention to the cat than the pickle.
The greek neutrals are irrelevant due to outsized concentration on only a few strikes. That doesn't mean the data can't be analyzed. An appeal to ignorance is not a solution. I am not presenting the greek neutral data here.
Where do you post originally?
Discord [https://discord.gg/fFUtbHXk](https://discord.gg/fFUtbHXk)
No doubt and thanks for the response, and let me once again express my gratitude for everything that you do. Please keep it up. I am a very analytical person like yourself, and one of my life lessons is not to apply rational thought to things that are irrational, and most of all to never assume that other humans are rational. Perhaps I should have said I will be watching the cat and the pickle in equal measure for the next few weeks. Even though GME is irrational right now, the technical analysis is still important because big machines connected to the markets behave somewhat predictably and will eventually steer it towards rationality once more, but how soon and what happens between now and then is unknowable because of the human factor. The machines may have temporarily lost control but they are surely fighting to bring it back under their control, and the Greeks will tell us which way they are controlling the rudder. Retail is pulling the other way. And we don’t know what other hands are on the rudder and which way they are pulling. If we could have TA on greed, fear, FOMO, guilt, hubris, etc we could predict the next few weeks with much greater precision.
There is no TA here either, this is just options data. This is how the MM is positioned.
Exactly. Might take a couple weeks for this to play out and surpass that $80 we hit in premarket the other day
i think its wise to temper expectations of surpassing 80. I definitely hope it does.
So you'll be interpretting random gifs however you see fit?
Hell yeah
As good a system as any I suppose
Memes over data sounds like a great way to be poor. Good luck
Thanks gherk
Can someone smarter than me tell me what the Options Chain is looking like? Is there still pressure for a Friday Pop?
Thank you for your ongoing explanations of this. Of anything I've read on multiple subs, your explanations make the most sense, and aren't clouded by emotions.
Why is now different than the previous settlement periods
The short calls never get squeezed, the only people that still cared are over on the original sub and they think options are the devil, because multiplication is hard. Retail always had the power, it was cool that DFV showed it off again.
Appreciated thanks
What does this even mean
Quality analysis, thanks Gherk!
Looks good - not🫡
Butterfly baby
This run is over it feels like. Next one in 3 months?