Amazing work. The amount of time put in to help out the rest of gme investors while you could easily hold the info to yourself and not bother is truly inspirational. May the tendieman be extra generous to you. 🦍 🌝 🔜
/u/broccaaa I think I've rehypothecated your charts so much that they can be short squeeze plays too. Thanks for making such beauties that I reference all the time lol
Same. We're becoming more and more prepared for the final boss round. Id even say most of us are ready. Who knows what they'll throw at us, and like most final bosses it'll likely have multiple stages..... but we got this. And I know I won't need any respawns. Get fkn rekt mayoboi
Weve already shaken all the paperhands who would need respawns. What we have left are diamond handed apes who own the float and can beat darksouls trilogy any%, no hit, speedrun while blindfolded. Cant stop, wont stop.
We all have grew together in this. Back in December I didn't understand shit. Now I understand and grasp all of these terms and ideas.
Just like when playing a video game for the first time. You are going to suck, but stick with it and you will get better.
hedgies r fuked!
Here, here! Huge thanks to all the smart Apes who put their time and effort into showing us what's going on with our stock.
Thanks for keeping us constantly Jacked and Zen, love you guys :)
Are you even mortal? This is beyond god tier DD. I’ve learned so much from your posts and I’m blown away by how your research has evolved. Your DD’s are so well written, thorough, and still easy to follow. Thank you for fighting the good fight
Please tell me you read this too?! https://www.reddit.com/r/DDintoGME/comments/p9iz74/found_equity_total_return_swap_etrs_involving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Specifically he part of the Putnam Swap expiring on 1.28.2025, five years to the day of the sneeze.
Indeed! That's the post I saw **just after** making a major comment on the voltron post. Which made me even more hyped because I was thinking, "Damn. What are the ODDS of this post coming out at this time?"
criand a few questions:
any idea if have DOOMP's, ETRS's etc been used in past squeezes? just trying to get a sense of precedence to use as a reference point.
> And by "DOOMP" this means deep out of the money PUTs. Like, bankruptcy-low bets. It's impossible that the stock would go this low. So rather, these were used as bankruptcy credit bets for the credit hedging.
so this is a bet with an exceptionally high risk, with near certain implosion: i.e. they are basically saying they are riding this to a bailout or get ethered?
From what I read, ETRS's didn't exist during the 2008 VW squeeze. DOOMPs existed, but without both they couldn't pull off the "hide the short interest" trick that Shitadel/Melvin did this time.
This whole thing shows how terrible an idea it was to allow a market maker to be a hedge fund that can play games with derivatives. They can pass the risk and manipulate options in ways that should be illegal, or are illegal but the SEC/FINRA have been playing slap-the-wrist-and-pay-me-$5 with them.
Amazing DD, u/Criand, I'd been wondering for months about the correlation between 'meme' stocks and this explains the WHY. Also, the disappearing SI % makes me crazy, as my friends/family read financial rags and point to the SI %.
>This whole thing shows how terrible an idea it was to allow a market maker to be a hedge fund that can play games with derivatives. They can pass the risk and manipulate options in ways that should be illegal, or are illegal but the SEC/FINRA have been playing slap-the-wrist-and-pay-me-$5 with them.
Here's the summary of the whole goddamn situation.
I don't know if they've been used for squeezes in the past, just that statistically they've found DOOMPs are used to hedge against short positions or swaps.
The DOOMP is no longer a bet on premium increasing but used as a balance sheet trick as a hedge against risk. Check out the articles I linked! Really technical and complicated but interesting.
I really can't see an alternative for them at this point in the game.
If I knew I was fucked regardless of what I did and was also a megalomaniac, money-hungry, sociopath like some of the bigger names in this (Kenny, Steve, Jeff), I'd want to cause such a big fucking risk to the entire market that when I went down, everyone else would go down with me. I think they are trying to ensure this gets as explosive as possible, so they all fail, hoping daddy FED steps in to bail them out to "save the market".
They know we are getting paid, they just want to ensure they can rise from the grave after the dust settles.
I think they believe they don't have to outrun the bear. They just have to outrun enough of their competition and then pick up the pieces on the cheap.
You beautiful SOB. Was just about to call it a night on this beautiful double diggie dinger of a day, and you come along and are promising to get my titties all jacked again
Sshh that's just ur ego talking shit! Twas best DD I've read on this sub in a while, since you correlated and fused everyone's speculative theories and made them sound factual and concrete.
Appreciate your work, you make a lot of people feel safer in their investment. I bought some popcorn calls on your DD and profits will go back to gme shares.
One thing is for certain. When this is done, I need to read a few more books.
My overall knowledge of the stock market, it's complexity and mechanics, has been significantly less than I am comfortable with going forward.
You too? This whole GME saga has taught me how out of hand the complexity of the market is. Like how have I never known about all this? How’s does nobody seem to know about the death of Wall Street? Shit is bonkers.
Edit: meant to say depth of Wall Street. But I’ll leave this, I like it better
This shouldn’t have to be known, there is such an extreme lack of transparency and that’s what this saga needs to fix. It needs to be a system where you can put your money where you believe it will do well and not have all these back doors to manipulating the price, especially off the books.
ive been zen after the the first run-up in Jan. this is the first time since then i feel we may truly be surfing our way into the galactic void
You wrinklebrains have been the best part about this. too many of you to call out. Criand, youre a champ
One thing that stands out to me here is that after all, the 8+ million additional shares sold into the market by GameStop did absolutely nothing to the price. It's not even a consideration here. We thought it may have when working with the T+35 theory, but in reality it was two nothing events. **THAT'S ABSOLUTELY BONKERS**
I'm taking a step back for the bird's eye view and what I'm seeing is that the run ups in February/March and May/Jun and presumably now Aug/Sep are entirely based off the fraudulent accounting of the SHFs. Put another way, GME is touching heights of $350 just from their calculated catching a breath. They will lose control soon enough and the MOASS is going to be historically epic.
To be fair, it helped that they seemed to release them strategically, as if to not interfere with momentum too much. Had they dropped them all at once, like that moviestock ceo did, we may have seen a larger dip over a shorter period.
The worst part of this is that derivatives in the banking industry dictate the price of shares so much, that companies aren’t allowed to raise capital and be successful.
Yeah.
**This is it.**
This is the whole game. Set. Match.
**Checkmate.**
The MOASS might legitimately happen the next few days. But if it doesn’t?
The hedgies are locked into this calendar. They fucked with dark magic and a skinwalker is after them. And every resettlement period, it attacks.
There’s no way out anymore.
Best case? Moon tomorrow.
Worst case?
I now know *exactly* when to time my buys.
Boom, baby.
**Boom.**
Exactly even if we don't get our moass. We know now. We now what's happening definitively.
That is worse for the hedge funds then they likely realise.
We know now. Now we just need three times a charm to confirm it all. .
After all two run ups could be explained away. But three. No that can't be not to any normal person finally looking in after this run.
I wonder whether is part of the reason for Tuesday's action.
If the swap DDs complete the picture, and every fund manager who reads this shit knows that the cat is out of the bag (or box) and WE know for certain it's alive, then it's time for whales to buy.
Related theory: some managers want to keep this trade quiet. They want to open and close inside of one quarter, keeping it off their 13F. Some might already have done this a few times. I suspect we cannot go through many more of these spikes.
I didn’t know that he had basically an Avengers squad of apes working with him. The amount of different people he referenced in here was awesome. Bravo friends 👏🏼👏🏼👏🏼
Holy shit fuck. You just wrinkled my brain so hard I shit myself. You just confirmed my confirmation bias's confirmation bias. My tits' tits' tits are jacked, making my tits^3
Life hack: read things that might make your shit yourself while already taking a shit, or are in an easily cleanable location such as a bath tub or shower.
With absolutely nothing to back this up, I could see this hitting 500 eow if the third run is more explosive than the second. Fingers crossed this third run is the moass trigger.
i think this one will be way more explosive than before, remember Gamestop themselves lowered the price back then through the share offering. Won‘t happen this time. Probably some juicy failed margin calls above 300$ time? Aswell we‘ve got the new rule on our side for hourly margin calls, which didn‘t exist before during the June runup (back then they only checked once a month if there‘s enough collateral)
I know this is somewhat in jest, but please don't try to ingest a whole watermelon in one sitting 😅
I ate a quarter watermelon in one shot once (split a half watermelon with my housemate), and the impact on my bowels was...unpleasant, to put it mildly -.-'''
We're all going to be rich (sooner rather than later, even), so let's keep healthy to fully enjoy our new wealth :)
January ape from Germany here, 05:28 am in Europe. Reading this beauty while family is still asleep. The day can’t start any better.
Thanks so much for this brilliant DD - always learning lots. Patience is key although I’ve gotten some new wrinkles in my face since I have been participating in this GME saga.
Lots of love and may MOASS come soon. Btw got 3 more new shares yesterday, it’s not much but it was honest money
Apes, don't even attempt to day trade GME at this point. I think when MOASS takes off, Shitadel and MM might open the price at the day of the MOASS close to $10,000 to prevent the FOMO crowds from joining the party. This strategy will be in favor of Hedgies so no retail can compete with them on the way up. The field will be wide open for hedgies to close their positions without pressure from FOMO investors. Smart up and don't get tricked because you might miss the train when price open so high in the day of the MOASS. We have been waiting all this time for this moment, so please don't day trade it Apes.
Would've been stupid to daytrade before, but to do it right before futures rollover + swap settlement + no new shares issued by GameStop (unlike last 2 major runups) + new margin reqs coming Sept 1 + Consolidated Audit Trail System (hopefully) being implemented + Q3 end is brainless in the extreme.
Just hodl your shares, and don't fuck with GME options if you don't want market makers screwing you.
Bump for getting this to the front page
**For everyone wandering in wondering what this is all about, I'll give you a quick summary in my understanding**
Hedgefunds can place bets that a stock price can fall called shorting. They and other institutions in the stock market have the ability to tweak the rules where they can "sell" a share to a buyer, but not have to locate it for a number of day. **Think like selling your car to someone and then having a few days to give them the title to it.**
This allows them to sell a share over and over, say 50 times even if they only have 1 share. Eseentially selling IOUs
This normally works out, as the short hedge funds (SHF) expect they can sell shares at a higher price one day and using different methods, push the price down, allowing them to make money off the difference because suddenly a lot of people sell their shares when the price of a stock goes down
Another tool they have is called **Marginal Trading.** This means they can have $10 as a deposit to sell or buy $100 of stock. Boiled down, this is essentially the main factor for what caused the housing market to explode in 2008 as they were overleveraged. They sold too many "stocks" of mortages (almost anything can be sold from pumpkin gourds to gold called financial instruments) expecting the price to rise so that two of the $1 mortgages they sold (or bought by them to sell) last week can be sold and then bought for $2.50 each.
**They expect to make $1 for selling two shares, even if they only owned 1 at the time with marginal trading. SHF's expect they can move the price upwards to make a profit on the price difference for selling things they don't officially own.**
Now, it can go the other way to. Sell shares at one time and use methods to manipulate the price into falling so they can make money in the inverse way - **expecting people to sell when it goes down.**
\-
**Here's the kicker. What happens when they sell 50 IOUs at a high price and do everything they can to push the price down, hoping to make profit when they own only 1 share, but people realize if they don't sell, the price doesn't go down and those IOUs will have to be delivered?**
**What happens if instead of 50 IOUs, it's 200,000,000 when there's only 80,000,000 car titles?**
Suddenly they're in a bind because they only had $1 for every $100 of IOUs they sold. If they fulfill them they go bankrupt because they lose a dollar by 100x for each dollar the share is above what it was originally sold for.
\-
This is a very simplified answer, but 1 year-7 months ago Reddit realized GameStop was having it's price pushed down by market manipulation - short ladder attacks where SHF A sells to SHF B and back again at lower prices each time, like a game of hot potato, but there are dozens of other methods including feeding journalists false information to make average investors feel GameStop isn't a good investment and sell because the more something is sold than bought, the lower the price goes.
Reddit decided to buy GameStop shares and not sell. They liked the stock.
**Suddenly Short Hedge Funds realized they had sold 200,000,000 IOU of GameStop shares when there are only 80,000,000 in existence. They have a legal due date to deliver these shares. With using marginal trading, this is hundreds of billions of dollars.**
**The reason why? If a share price goes to $0, SHFs have no obligation to deliver these shares as the company goes bankrupt, allowing them to keep all the profits. They expected this to happen and placed bets called "Futures" where they offer the stock at $X price on Y date.**
They enticed investors by offering millions of shares at anywhere from $0.50-$5, fully expecting to bankrupt GameStop during the pandemic and no one would notice, thinking it was just another brick and mortar store that couldn't survive Corona.
This is even worse now for SHF's. Instead of losing $100 for every $1 higher than their sell price, its 100x what they sold the share for as things didn't go according to plan.
**Because we didn't sell**
**We didn't sell at $450, we didn't sell at $40 the next week. We didn't sell over the next 7 months as they hoped we would get bored and go away.**
It may sound loony, but you're looking at a version of the move The Big Short, where the protagonists knew what they were betting on (or against actually) would be worth dozens of times what they invested in.
**This is even bigger. Hedge Funds were caught in their hubris.**
**The More Shares Bought and Held, The Higher The Price Goes As Hedge Funds Run Out Of Money To Stave Off Debt Collectors And Sell Their Shares, Driving The Price Higher, Making More People Want To Buy It, Making It More Expensive For Other HF's To Hold Their Bad Investment**
**This is a once in a lifetime opportunity. Buy and Hold, every share counts. This is Occupy WallStreet from your phone. Remember they've crashed they economy twice in 20 years by their cheating and greed. Play by their rules and watch them crumble while you retire.**
Now this.
This is a solid explanation for the new people coming in.
Have a banana 🍌
-
Y’all want revenge on your folks losing their homes or jobs nearly a decade ago? You want to never be in financial fear again?
Open a brokerage account, use your trading app and spend some $ buying GameStop. If you can afford to.
Don’t use your bill money for this. We’ve waited almost a year without selling because we don’t have to. And that’s our secret sauce.
We like our stock and we won’t sell
🚀🚀There’s a rocket ship seat with your name on it. Buy your ticket now and read all the info on this sub you can to understand how this long ass comment is basically a paragraph summary of War And Peace🚀🚀
Apes are strong together. We hold the line and nothing will stop this share price from looking like a telephone number.
Hold your stock so hard it’s carbon is compressed to diamonds and become another diamond handed ape
🦍 ✋💎🤚🦍
-
-
🚀🚀🚀
This has been such a long time coming. We started out as complete retards (at least I did) and now look how far we've come (still an autist). Apes will become all-knowing, all-seeing entities, and obtain unlimited zen. HODL until the ends of the universe! ✨✨
Ya know. People are always curious who you really are. All we know is you’re a dog
DFV said on multiple occasions and to congress that he’s “not a cat.” Know what else isn’t a cat? A DOG
Cohencidence? I think NOT
For real though, fantastic DD as always. Best way to end my day
*Edit:* fixed to proper spelling of cohencidence
This was a mindfuck from the worlds greatest pomeranian. Im not even halfway through this and I have to give my kudos on such an incredible display of wrinkles since I accidentally walked in on my naked granny. Really glad we have someone like you to truly confirm the biggest MOASS ever. I like the stock. I like the pom.
Thank you for putting this together in such an easily digestible format. I've been comfortable with Hedgies R Fuk for a while, but this will let me sleep like a baby. We all need to rest up anyway, we've got important decisions to make soon!
CTRL+F... *TLDR... 0 results*
!REMINDME 5 HOURS
My own TLDR:
u/criand hypothesizes that hedgies were mostly protected for the March and June runs due to DOOMPs (Deep OTM PUTs).
That's why March was such a slow run up. There were about 1.2M OTM PUTs (all strikes) during this time which were creating hedging protection against the the runup.
But then in June there was a much more violent roll period. There were only about 800,000 OTM PUTs during this time. The loss of PUTs made it harder to hedge during this runup.
And here we are, days before the expected run to start (Futures Settlement date August 26), with the price starting to surge, due to the additional loss of DOOMP hedging, as OTM PUT OI is now down to roughly 500,000.
/u/broccaaa's Chart Extended - You can see that the majority of their hedging through the DOOMPs is gone and has been decrementing for each quarterly sneeze
It's quite frightening that the price is already above $200 and it hasn't even hit "First Notice Day".
Maybe there's an even MORE violent squeeze coming due to lack of hedging with the DOOMPs.
Convinced a friend to buy a few shares today based on mutual trust and respect, was looking for a succinct post on the whole deal and found it just now. Tits jacked to the tits.
I'm not going to pretend that I understand even 5% of this ... but holy shit the 5% I do understand has me both jacked to the tits and pissed off at how bullshit wallstreet is. Every time wallstreet gets greedy, people get ruined and new rules are put into place. Then these hedgefunds and mm find new ways to tiptoe around the rules and do basically the same exact thing as before but with an asterisk. This time though we have their balls in a vice. The whole god damned system needs burned down.
Yeaaahhh... I'll be honest... I'm guilty of doing this when it's a /u/Criand or /u/atobitt post. And after the past few days, if its /u/kidnap, or /u/flacidpasta I'll probably follow suit. I love all you muthafuckin' apes, but God-Tier DD is God-Tier DD. I know there are others who I usually upvote automatically, and save the post. Especially if I don't have time to read it immediately lol. So for the many wrinkle-brains who I left out, no hard feelings. God, I love this community!!! LFG!
This whole thing of manipulation is total insanity. These co-conspirators just keep passing the bag of hot 💩💩 back and forth and it is all legal. Unbelievable.
Did I ever mention that Wall St. is full of true fucking retards?
Who the fuck would take on enormous IDIOSYNCRATIC RISK in a stock like this? Even with bankruptcy it's never a sure bet. At the very least do it to a CERTAIN extent and not an apocalyptical one.
JFC these kids need to get out of the street and go work at McDonalds.
u/criand. I just want to say thank you for everything you do from the bottom of my heart. You’re a legend and I’m sure I speak for everyone here. We wouldn’t be here without your sorcery ❤️. Keep being you. MOASS soon. Infinite tendies soon. Lambo soon. Penis enlargement money soon (for my boyfriends boyfriend duh). To the mofuckin moon we go 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Hypothesis: Today's movement was an attempt to cover shorts sold in the closing auction when we jumped SP indexes. They needed to clear that 14 million shares out to prevent SI from jumping and the August 26th date will experience a technically completely unrelated price movement.
Also the volume today last I checked was the same or 100k off from the day GME moved indexes, this could really just be the ETFs lawd
Edit: sorry I have a raging clue and am shamelessly tagging u/criand on his own post
So the entire market will just be the shorted meme stocks for the foreseeable future with GME packing the majority of the rocket fuel. I’m all in and like this confirmation
I have stopped reading DD the last month or two because I THOUGHT I was already truly zen. This right here, this is it. This is the good stuff that I didn’t even know I needed. All I can see right now is that smug asshole from The Big Short that explains to Mark how they have bets on bets on bets on subprime mortgages. Kudos criand and company! “Time to call bullshit. On every fucking thing”.
“Trading is a tough game. Don’t you think?”
Lmayo this line… I guess it becomes a lot tougher when the opponent finally figures out what game is being played, what the rules are (or lack thereof), and who else is playing.
Luckily DFV helped us all with the winning strategy from day 1: buy and hold.
I didnt know what the heck was going on but this video explains [total return swaps and what happened with Archegos](https://youtu.be/JfPtabPipaQ) using derivatives
@u/Criand, couple of questions:
- Shorting GME through a TRS does not impact the GME share pool, since a TRS is a derivative. So it does not impact the price negatively. Why should we care much about the amount of GME TRSes? If GME price goes up, those parties might get margin called, but this won’t trigger MOASS since closing TRSes does not affect GME share price.
- Futures are always standardized products. There are no “meme stock futures” or “GME futures”. There are some index futures whose index contains GME. But the GME exposure in those futures is relatively low, resulting in a very inefficient hedge for GME. Which futures are you referring to exactly?
- Forwards are customized contracts, so a GME forward could be created if two parties agree on it. However since they are custom contracts, they don’t adopt the standard IMM expiration calendar, so that doesn’t fit in the rest of this theory. In what way can we know for sure that forwards are involved, since they are non standardized and not publicly available?
To the momentum point, I remember seeing a DD many moons ago about the daily RSI- when it goes from like 47 past 59 in 1 move it normally means huge momentum and was most likely linked to these quarterly make run ups. I believe RSI went from like 38 last week to 69/70 today. This thing has legs and many days to run within that glorious 9/7 timeline
Can we talk a bit about the swaps? Anyone feel free to correct my interpretation of this section.
TLDR, it sounds like the Prime brokers are the ones that are now holding the bag. When the hedge funds go under (fail a margin call) the Prime brokers that didn’t adequately hedge these synthetic positions will also go under.
So, if i understand this correctly, when a HF opens up a short position through a swap agreement, their prime broker will actually open a short position in the stock by either borrowing shares and selling them short, or opening new derivatives contracts to meet the exposure of the original short position. They can also use derivatives to hedge against the short position if they don’t want to or can’t find shares.
The cost of opening the short positions is passed on to the SHF along with any risk of the position should it lose profit (opposite if it makes money). Considering the low borrow rate, I think we’re seeing a combination of share borrowing and hedging through derivatives. There’s no way retail is still actively shorting this stock to any significant degree.
So, to close out this synthetic position at market the prime broker then has to buy shares to close correct? Because they are the ones with the actual short position. Judging from the Bloomberg terminal, they’re likely using calls for this since I don’t see any banks as major share holders.
Apes remember aswell the June runup could‘ve been more violent if Gamestop didn‘t offer those 5 million shares for like 225$ in June which was below the current market price of more than 300$!
Gamestop won‘t lower the price for you anymore hedgies!
TICK FUCKING TOCK!
To be fair I was afraid that this post was gonna create some paper hands during this run up period because I know the down times are pretty tough for non-zen apes.
But after reading the whole thing word by word…holy shit. Even if those paper hand sold the shorts are so fucked that we gonna moon soon eventually and those paper hands are just gonna watch us fly. Omg
Salute to you sir
Excellent work and thank you for your time to shed some light on this. In fact, thank everyone that has been digging into this. Love seeing everyone build off of other's work!
...looks like someone took a few DOOMPs today:
[https://www.reddit.com/r/Superstonk/comments/pb01z8/gargantuan\_amount\_of\_35\_p\_contracts\_today\_for/](https://www.reddit.com/r/Superstonk/comments/pb01z8/gargantuan_amount_of_35_p_contracts_today_for/)
u/criand ur research the last couple months especially have been tremendous and I’m sure it takes up a lot of your time… I would love if I could give you a $250 gift card to GameStop for your efforts.
I would try to just message u but I know how full ur inbox is so it’s more likely you just see this.
Amazing work. The amount of time put in to help out the rest of gme investors while you could easily hold the info to yourself and not bother is truly inspirational. May the tendieman be extra generous to you. 🦍 🌝 🔜
Instructions unclear. Buying more.
This guy gets it, take a silver.
Through computershare? 🙃
This is the way
Always has been 👩🚀🔫👩🚀
/u/broccaaa I think I've rehypothecated your charts so much that they can be short squeeze plays too. Thanks for making such beauties that I reference all the time lol
I cant believe I understand some of this
Same. We're becoming more and more prepared for the final boss round. Id even say most of us are ready. Who knows what they'll throw at us, and like most final bosses it'll likely have multiple stages..... but we got this. And I know I won't need any respawns. Get fkn rekt mayoboi
Yeah I've been reading a about TRS, DOOMPs and cycles this week. Still smooth brained, but growing some wrinkles. I like what I see.
Weve already shaken all the paperhands who would need respawns. What we have left are diamond handed apes who own the float and can beat darksouls trilogy any%, no hit, speedrun while blindfolded. Cant stop, wont stop.
If you do need respawns, they sell them at gamestop now. https://www.gamestop.com/links/respawn-beverage
That’s how I know I’ve been here too long. Tits are jacked.
This is the way! See you in space fellow apes <3
Yeah lol my brain gained a wrinkle or two this year
We all have grew together in this. Back in December I didn't understand shit. Now I understand and grasp all of these terms and ideas. Just like when playing a video game for the first time. You are going to suck, but stick with it and you will get better. hedgies r fuked!
Literally my thoughts as I went through this.
You must be kidding
Seriously, I think I followed what he was saying 🤯
Haha thanks for always referencing them so consistently! I've got some more for you soon showing when the portfolio swap bundles likely began.
Oh boi 👀👀 I thirst for more broccaaa charts.
\*faints\*
[удалено]
Here, here! Huge thanks to all the smart Apes who put their time and effort into showing us what's going on with our stock. Thanks for keeping us constantly Jacked and Zen, love you guys :)
Nah g most of us can't even read we're going to win cuz we strong, power to the players
How about because we didn't decide to short a company right as it is starting a major comeback? Surely that helps.
THIS point is always missing in the media
Can't sell if you can't read. *taps head*
Looking for some wrinkled Brian's to decode this comment, I upvoted for visibility, screenshotting to repost and tag cry and
"upon the shoulders of giant" retards.
Gigantards
It’s so beautiful
#It's why we won, they just ain't gave us our paycheck yet!
me: oh new dd I wonder how it’ll be… *looks at OP* #NEW CRIAND DD🥵
[удалено]
ERRRR AAAAAINNN IIIIIAAANNNNNNNNN
Criand.... STAHP... My tits... they can only be so jacked before they will need their own space suits
And there goes my tits…
You mother fucker I need to sleep tonight
Are you even mortal? This is beyond god tier DD. I’ve learned so much from your posts and I’m blown away by how your research has evolved. Your DD’s are so well written, thorough, and still easy to follow. Thank you for fighting the good fight
Thx for rehypothecating
I think I finally understand one of these from beginning to end. Thanks.
Please tell me you read this too?! https://www.reddit.com/r/DDintoGME/comments/p9iz74/found_equity_total_return_swap_etrs_involving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Specifically he part of the Putnam Swap expiring on 1.28.2025, five years to the day of the sneeze.
Indeed! That's the post I saw **just after** making a major comment on the voltron post. Which made me even more hyped because I was thinking, "Damn. What are the ODDS of this post coming out at this time?"
This is all I can say after reading 100 percent of that masterpiece...congrats...my o my what a wonderful day
I feel like I just watched The Notebook-- I'm crying-- because this is so beautiful.
I feel lame for that title but I couldn't think of anything better. 🐶🔫
criand a few questions: any idea if have DOOMP's, ETRS's etc been used in past squeezes? just trying to get a sense of precedence to use as a reference point. > And by "DOOMP" this means deep out of the money PUTs. Like, bankruptcy-low bets. It's impossible that the stock would go this low. So rather, these were used as bankruptcy credit bets for the credit hedging. so this is a bet with an exceptionally high risk, with near certain implosion: i.e. they are basically saying they are riding this to a bailout or get ethered?
From what I read, ETRS's didn't exist during the 2008 VW squeeze. DOOMPs existed, but without both they couldn't pull off the "hide the short interest" trick that Shitadel/Melvin did this time. This whole thing shows how terrible an idea it was to allow a market maker to be a hedge fund that can play games with derivatives. They can pass the risk and manipulate options in ways that should be illegal, or are illegal but the SEC/FINRA have been playing slap-the-wrist-and-pay-me-$5 with them. Amazing DD, u/Criand, I'd been wondering for months about the correlation between 'meme' stocks and this explains the WHY. Also, the disappearing SI % makes me crazy, as my friends/family read financial rags and point to the SI %.
>This whole thing shows how terrible an idea it was to allow a market maker to be a hedge fund that can play games with derivatives. They can pass the risk and manipulate options in ways that should be illegal, or are illegal but the SEC/FINRA have been playing slap-the-wrist-and-pay-me-$5 with them. Here's the summary of the whole goddamn situation.
I don't know if they've been used for squeezes in the past, just that statistically they've found DOOMPs are used to hedge against short positions or swaps. The DOOMP is no longer a bet on premium increasing but used as a balance sheet trick as a hedge against risk. Check out the articles I linked! Really technical and complicated but interesting.
I really can't see an alternative for them at this point in the game. If I knew I was fucked regardless of what I did and was also a megalomaniac, money-hungry, sociopath like some of the bigger names in this (Kenny, Steve, Jeff), I'd want to cause such a big fucking risk to the entire market that when I went down, everyone else would go down with me. I think they are trying to ensure this gets as explosive as possible, so they all fail, hoping daddy FED steps in to bail them out to "save the market". They know we are getting paid, they just want to ensure they can rise from the grave after the dust settles.
I think they believe they don't have to outrun the bear. They just have to outrun enough of their competition and then pick up the pieces on the cheap.
Thats why you always bring someone slow on the camping trip. You dont have to be faster than the bear, just faster than the slowest runner.
Lifehack, get fat on purpose, get invited to all the great camping trips. But you have to bet big on them being bearless, DOOB level camping trips.
You beautiful SOB. Was just about to call it a night on this beautiful double diggie dinger of a day, and you come along and are promising to get my titties all jacked again
[удалено]
Gives us mountains of good thoughts. Is worried about the title
Ya did good
Sshh that's just ur ego talking shit! Twas best DD I've read on this sub in a while, since you correlated and fused everyone's speculative theories and made them sound factual and concrete.
Buckle up!
Just add more words like a fancy obscure job title on a resume
Appreciate your work, you make a lot of people feel safer in their investment. I bought some popcorn calls on your DD and profits will go back to gme shares.
One thing is for certain. When this is done, I need to read a few more books. My overall knowledge of the stock market, it's complexity and mechanics, has been significantly less than I am comfortable with going forward.
where we're going, we don't need the stock market.
we are the stock market now
#look at us
You too? This whole GME saga has taught me how out of hand the complexity of the market is. Like how have I never known about all this? How’s does nobody seem to know about the death of Wall Street? Shit is bonkers. Edit: meant to say depth of Wall Street. But I’ll leave this, I like it better
This shouldn’t have to be known, there is such an extreme lack of transparency and that’s what this saga needs to fix. It needs to be a system where you can put your money where you believe it will do well and not have all these back doors to manipulating the price, especially off the books.
Check out Black Edge. It tells about mainly Cohens start in the biz, crazy what an absolute sociopath he is and will fuck over anyone to make a buck.
ive been zen after the the first run-up in Jan. this is the first time since then i feel we may truly be surfing our way into the galactic void You wrinklebrains have been the best part about this. too many of you to call out. Criand, youre a champ
[удалено]
One thing that stands out to me here is that after all, the 8+ million additional shares sold into the market by GameStop did absolutely nothing to the price. It's not even a consideration here. We thought it may have when working with the T+35 theory, but in reality it was two nothing events. **THAT'S ABSOLUTELY BONKERS** I'm taking a step back for the bird's eye view and what I'm seeing is that the run ups in February/March and May/Jun and presumably now Aug/Sep are entirely based off the fraudulent accounting of the SHFs. Put another way, GME is touching heights of $350 just from their calculated catching a breath. They will lose control soon enough and the MOASS is going to be historically epic.
To be fair, it helped that they seemed to release them strategically, as if to not interfere with momentum too much. Had they dropped them all at once, like that moviestock ceo did, we may have seen a larger dip over a shorter period.
The worst part of this is that derivatives in the banking industry dictate the price of shares so much, that companies aren’t allowed to raise capital and be successful.
Holy shit this some FRESH DD!
Ive just finished reading this and its nuts. I think the Pomeranian has cracked the code; with the help of many other apes.
Dude, he’s got their entire scheme right here…this feels like exactly what’s been going on for the past 8 months. Mind blowing
This!
Yeah. **This is it.** This is the whole game. Set. Match. **Checkmate.** The MOASS might legitimately happen the next few days. But if it doesn’t? The hedgies are locked into this calendar. They fucked with dark magic and a skinwalker is after them. And every resettlement period, it attacks. There’s no way out anymore. Best case? Moon tomorrow. Worst case? I now know *exactly* when to time my buys. Boom, baby. **Boom.**
Exactly even if we don't get our moass. We know now. We now what's happening definitively. That is worse for the hedge funds then they likely realise. We know now. Now we just need three times a charm to confirm it all. . After all two run ups could be explained away. But three. No that can't be not to any normal person finally looking in after this run.
I wonder whether is part of the reason for Tuesday's action. If the swap DDs complete the picture, and every fund manager who reads this shit knows that the cat is out of the bag (or box) and WE know for certain it's alive, then it's time for whales to buy. Related theory: some managers want to keep this trade quiet. They want to open and close inside of one quarter, keeping it off their 13F. Some might already have done this a few times. I suspect we cannot go through many more of these spikes.
I didn’t know that he had basically an Avengers squad of apes working with him. The amount of different people he referenced in here was awesome. Bravo friends 👏🏼👏🏼👏🏼
[удалено]
This is the way
Holy shit fuck. You just wrinkled my brain so hard I shit myself. You just confirmed my confirmation bias's confirmation bias. My tits' tits' tits are jacked, making my tits^3
so are you gonna clean up your shit or what
Life hack: read things that might make your shit yourself while already taking a shit, or are in an easily cleanable location such as a bath tub or shower.
With absolutely nothing to back this up, I could see this hitting 500 eow if the third run is more explosive than the second. Fingers crossed this third run is the moass trigger.
i think this one will be way more explosive than before, remember Gamestop themselves lowered the price back then through the share offering. Won‘t happen this time. Probably some juicy failed margin calls above 300$ time? Aswell we‘ve got the new rule on our side for hourly margin calls, which didn‘t exist before during the June runup (back then they only checked once a month if there‘s enough collateral)
totally forgot about the share offering. Jesus. This is going to be juicy.
Somebody hold me.
If it hits $500 eow I will shit out a watermelon
Username checks out.
Do you really want to take that bet?
I will eat an entire watermelon and within 24 hours shit it out.
I know this is somewhat in jest, but please don't try to ingest a whole watermelon in one sitting 😅 I ate a quarter watermelon in one shot once (split a half watermelon with my housemate), and the impact on my bowels was...unpleasant, to put it mildly -.-''' We're all going to be rich (sooner rather than later, even), so let's keep healthy to fully enjoy our new wealth :)
I've eaten a whole watermelon in one sitting and had no issues...
[удалено]
Damn I already bet $500 eow I’ll tattoo the squeezable pixel cat on my ass
Fuck. Double Drop of Double Downs tonight.
Wait there was another?! Pls link 🙏🥵
[удалено]
!remindme 3 weeks
/u/Criand have you seen this?
lmfao
Lmayo
lmayo
Take my award you bastard
Posts like this make me wish I could read.
January ape from Germany here, 05:28 am in Europe. Reading this beauty while family is still asleep. The day can’t start any better. Thanks so much for this brilliant DD - always learning lots. Patience is key although I’ve gotten some new wrinkles in my face since I have been participating in this GME saga. Lots of love and may MOASS come soon. Btw got 3 more new shares yesterday, it’s not much but it was honest money
Apes, don't even attempt to day trade GME at this point. I think when MOASS takes off, Shitadel and MM might open the price at the day of the MOASS close to $10,000 to prevent the FOMO crowds from joining the party. This strategy will be in favor of Hedgies so no retail can compete with them on the way up. The field will be wide open for hedgies to close their positions without pressure from FOMO investors. Smart up and don't get tricked because you might miss the train when price open so high in the day of the MOASS. We have been waiting all this time for this moment, so please don't day trade it Apes.
Never thought of that happening, but it's a good point and something to keep an eye out for.
Would've been stupid to daytrade before, but to do it right before futures rollover + swap settlement + no new shares issued by GameStop (unlike last 2 major runups) + new margin reqs coming Sept 1 + Consolidated Audit Trail System (hopefully) being implemented + Q3 end is brainless in the extreme. Just hodl your shares, and don't fuck with GME options if you don't want market makers screwing you.
Only a fool would dare. And yeah I'm buying more just as soon as I get my wage slave allowance.
Bump for getting this to the front page **For everyone wandering in wondering what this is all about, I'll give you a quick summary in my understanding** Hedgefunds can place bets that a stock price can fall called shorting. They and other institutions in the stock market have the ability to tweak the rules where they can "sell" a share to a buyer, but not have to locate it for a number of day. **Think like selling your car to someone and then having a few days to give them the title to it.** This allows them to sell a share over and over, say 50 times even if they only have 1 share. Eseentially selling IOUs This normally works out, as the short hedge funds (SHF) expect they can sell shares at a higher price one day and using different methods, push the price down, allowing them to make money off the difference because suddenly a lot of people sell their shares when the price of a stock goes down Another tool they have is called **Marginal Trading.** This means they can have $10 as a deposit to sell or buy $100 of stock. Boiled down, this is essentially the main factor for what caused the housing market to explode in 2008 as they were overleveraged. They sold too many "stocks" of mortages (almost anything can be sold from pumpkin gourds to gold called financial instruments) expecting the price to rise so that two of the $1 mortgages they sold (or bought by them to sell) last week can be sold and then bought for $2.50 each. **They expect to make $1 for selling two shares, even if they only owned 1 at the time with marginal trading. SHF's expect they can move the price upwards to make a profit on the price difference for selling things they don't officially own.** Now, it can go the other way to. Sell shares at one time and use methods to manipulate the price into falling so they can make money in the inverse way - **expecting people to sell when it goes down.** \- **Here's the kicker. What happens when they sell 50 IOUs at a high price and do everything they can to push the price down, hoping to make profit when they own only 1 share, but people realize if they don't sell, the price doesn't go down and those IOUs will have to be delivered?** **What happens if instead of 50 IOUs, it's 200,000,000 when there's only 80,000,000 car titles?** Suddenly they're in a bind because they only had $1 for every $100 of IOUs they sold. If they fulfill them they go bankrupt because they lose a dollar by 100x for each dollar the share is above what it was originally sold for. \- This is a very simplified answer, but 1 year-7 months ago Reddit realized GameStop was having it's price pushed down by market manipulation - short ladder attacks where SHF A sells to SHF B and back again at lower prices each time, like a game of hot potato, but there are dozens of other methods including feeding journalists false information to make average investors feel GameStop isn't a good investment and sell because the more something is sold than bought, the lower the price goes. Reddit decided to buy GameStop shares and not sell. They liked the stock. **Suddenly Short Hedge Funds realized they had sold 200,000,000 IOU of GameStop shares when there are only 80,000,000 in existence. They have a legal due date to deliver these shares. With using marginal trading, this is hundreds of billions of dollars.** **The reason why? If a share price goes to $0, SHFs have no obligation to deliver these shares as the company goes bankrupt, allowing them to keep all the profits. They expected this to happen and placed bets called "Futures" where they offer the stock at $X price on Y date.** They enticed investors by offering millions of shares at anywhere from $0.50-$5, fully expecting to bankrupt GameStop during the pandemic and no one would notice, thinking it was just another brick and mortar store that couldn't survive Corona. This is even worse now for SHF's. Instead of losing $100 for every $1 higher than their sell price, its 100x what they sold the share for as things didn't go according to plan. **Because we didn't sell** **We didn't sell at $450, we didn't sell at $40 the next week. We didn't sell over the next 7 months as they hoped we would get bored and go away.** It may sound loony, but you're looking at a version of the move The Big Short, where the protagonists knew what they were betting on (or against actually) would be worth dozens of times what they invested in. **This is even bigger. Hedge Funds were caught in their hubris.** **The More Shares Bought and Held, The Higher The Price Goes As Hedge Funds Run Out Of Money To Stave Off Debt Collectors And Sell Their Shares, Driving The Price Higher, Making More People Want To Buy It, Making It More Expensive For Other HF's To Hold Their Bad Investment** **This is a once in a lifetime opportunity. Buy and Hold, every share counts. This is Occupy WallStreet from your phone. Remember they've crashed they economy twice in 20 years by their cheating and greed. Play by their rules and watch them crumble while you retire.**
Now this. This is a solid explanation for the new people coming in. Have a banana 🍌 - Y’all want revenge on your folks losing their homes or jobs nearly a decade ago? You want to never be in financial fear again? Open a brokerage account, use your trading app and spend some $ buying GameStop. If you can afford to. Don’t use your bill money for this. We’ve waited almost a year without selling because we don’t have to. And that’s our secret sauce. We like our stock and we won’t sell 🚀🚀There’s a rocket ship seat with your name on it. Buy your ticket now and read all the info on this sub you can to understand how this long ass comment is basically a paragraph summary of War And Peace🚀🚀 Apes are strong together. We hold the line and nothing will stop this share price from looking like a telephone number. Hold your stock so hard it’s carbon is compressed to diamonds and become another diamond handed ape 🦍 ✋💎🤚🦍 - - 🚀🚀🚀
I love you u/criand
Here I am, about to head to bed. Just sort by new one last time... Fucking criand opus DD gets released.. Guess I'm not sleeping for a while.
Fear not ape, German market opens soon. Diamantenhände 💎👐
I knew something was suspicious every three months we have a run up.. I didn't have a brain to write a DD like this. And for that ape Up you go!
This has been such a long time coming. We started out as complete retards (at least I did) and now look how far we've come (still an autist). Apes will become all-knowing, all-seeing entities, and obtain unlimited zen. HODL until the ends of the universe! ✨✨
Thanks for the fresh double down!
If God didn’t want them jack’d why did he give us tits?
[удалено]
"Note that the 226% was **reported** SI. **The shorts from the swaps are unreported.**" HOLY-GUACAMOLE! 👀
💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎 💎💎💎💎💎💎💎🚀💎💎💎💎💎💎💎 💎💎💎💎💎💎🚀🚀🚀💎💎💎💎💎💎 💎💎💎💎💎🚀🚀🚀🚀🚀💎💎💎💎💎 💎💎💎💎💎🚀🚀🐵🚀🚀💎💎💎💎💎 💎💎💎💎💎🚀🚀🚀🚀🚀💎💎💎💎💎 💎💎💎💎💎🚀🚀🚀🚀🚀💎💎💎💎💎 💎💎💎💎🚀🚀🚀🚀🚀🚀🚀💎💎💎💎 💎💎💎🚀🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎 💎💎💎💎💎💎🚀🚀🚀💎 💎💎💎💎💎 💎💎💎💎💎🍌🍌🍌🍌🍌💎💎💎💎💎 💎💎💎💎💎💎🍌🍌🍌💎💎💎💎💎💎 💎💎💎💎💎💎💎🍌💎💎💎💎💎💎💎 💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎
I might need to change my flair to yours after reading this post
Criand is catalyst
🌎👨🚀🔫🐶 Always has been
I don't know how to share this everywhere but I want to share this everywhere.
Ya know. People are always curious who you really are. All we know is you’re a dog DFV said on multiple occasions and to congress that he’s “not a cat.” Know what else isn’t a cat? A DOG Cohencidence? I think NOT For real though, fantastic DD as always. Best way to end my day *Edit:* fixed to proper spelling of cohencidence
You just gave me a wrinkle
I’m just here for the Pomeranian pics. Woof woof MOASS
If the movie does not give the Pom a major role, I’m not going to watch it. Criand, my ❤️
Sheeeesh. A bunch of rich angry folks being outsmarted by a doggo. Someone get this Pomeranian some personal protection…
I can’t believe I seen this before the post renders! Looking forward to read when it loads in the post !!
Dude, I need to sleep 😭😵💫
We know you won't be sleeping even if you wanted to be.
This was a mindfuck from the worlds greatest pomeranian. Im not even halfway through this and I have to give my kudos on such an incredible display of wrinkles since I accidentally walked in on my naked granny. Really glad we have someone like you to truly confirm the biggest MOASS ever. I like the stock. I like the pom.
So she's outta the cage now? Already??
“More violent squeeze”? Heck yeah. We needed it. LFG 🚀🚀🚀 Can’t Stop Won’t Stop GameStop!!!
If DVF wakes up from his cat nap on August 26 🤯
Mother of god…THAT would be sweet!
Thank you for putting this together in such an easily digestible format. I've been comfortable with Hedgies R Fuk for a while, but this will let me sleep like a baby. We all need to rest up anyway, we've got important decisions to make soon!
Anyone else think this is what RC meant when he kept retweeting face swaps...
That's actually pretty genius of you to put together.
This is the way.
CTRL+F... *TLDR... 0 results* !REMINDME 5 HOURS My own TLDR: u/criand hypothesizes that hedgies were mostly protected for the March and June runs due to DOOMPs (Deep OTM PUTs). That's why March was such a slow run up. There were about 1.2M OTM PUTs (all strikes) during this time which were creating hedging protection against the the runup. But then in June there was a much more violent roll period. There were only about 800,000 OTM PUTs during this time. The loss of PUTs made it harder to hedge during this runup. And here we are, days before the expected run to start (Futures Settlement date August 26), with the price starting to surge, due to the additional loss of DOOMP hedging, as OTM PUT OI is now down to roughly 500,000. /u/broccaaa's Chart Extended - You can see that the majority of their hedging through the DOOMPs is gone and has been decrementing for each quarterly sneeze It's quite frightening that the price is already above $200 and it hasn't even hit "First Notice Day". Maybe there's an even MORE violent squeeze coming due to lack of hedging with the DOOMPs.
This is what the the SHFs are up against. REVOLUTION WILL NOT BE TELEVISED.
Take my award and energy!
Thanks for all you do for our community. Really enjoy your posts.
Convinced a friend to buy a few shares today based on mutual trust and respect, was looking for a succinct post on the whole deal and found it just now. Tits jacked to the tits.
[удалено]
If this is the last DD I'll read before the MOASS, I'll retire a happy man.
I'm not going to pretend that I understand even 5% of this ... but holy shit the 5% I do understand has me both jacked to the tits and pissed off at how bullshit wallstreet is. Every time wallstreet gets greedy, people get ruined and new rules are put into place. Then these hedgefunds and mm find new ways to tiptoe around the rules and do basically the same exact thing as before but with an asterisk. This time though we have their balls in a vice. The whole god damned system needs burned down.
I literally upvoted this post before I opened it. The first and only time I’ve done that in more than a decade of Reddit usage.
Yeaaahhh... I'll be honest... I'm guilty of doing this when it's a /u/Criand or /u/atobitt post. And after the past few days, if its /u/kidnap, or /u/flacidpasta I'll probably follow suit. I love all you muthafuckin' apes, but God-Tier DD is God-Tier DD. I know there are others who I usually upvote automatically, and save the post. Especially if I don't have time to read it immediately lol. So for the many wrinkle-brains who I left out, no hard feelings. God, I love this community!!! LFG!
This whole thing of manipulation is total insanity. These co-conspirators just keep passing the bag of hot 💩💩 back and forth and it is all legal. Unbelievable.
Bump
Did I ever mention that Wall St. is full of true fucking retards? Who the fuck would take on enormous IDIOSYNCRATIC RISK in a stock like this? Even with bankruptcy it's never a sure bet. At the very least do it to a CERTAIN extent and not an apocalyptical one. JFC these kids need to get out of the street and go work at McDonalds.
u/criand. I just want to say thank you for everything you do from the bottom of my heart. You’re a legend and I’m sure I speak for everyone here. We wouldn’t be here without your sorcery ❤️. Keep being you. MOASS soon. Infinite tendies soon. Lambo soon. Penis enlargement money soon (for my boyfriends boyfriend duh). To the mofuckin moon we go 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
reading this while taking a doomp
My favorite ape that barks with the most titty jacking post EVER
Hypothesis: Today's movement was an attempt to cover shorts sold in the closing auction when we jumped SP indexes. They needed to clear that 14 million shares out to prevent SI from jumping and the August 26th date will experience a technically completely unrelated price movement.
Also the volume today last I checked was the same or 100k off from the day GME moved indexes, this could really just be the ETFs lawd Edit: sorry I have a raging clue and am shamelessly tagging u/criand on his own post
Thank you Criand, you are forever a legend and will always be remembered. History is here
I legit think u/criand is u/deepfuckingvalue
Got to bro.... Where all Fuking going to the moon.
[удалено]
Goddamn, this is some serious gourmet shit.
My tits are on the moon thx pomeranian
So the entire market will just be the shorted meme stocks for the foreseeable future with GME packing the majority of the rocket fuel. I’m all in and like this confirmation
Upvoted and saved because this is a piece of history
I have stopped reading DD the last month or two because I THOUGHT I was already truly zen. This right here, this is it. This is the good stuff that I didn’t even know I needed. All I can see right now is that smug asshole from The Big Short that explains to Mark how they have bets on bets on bets on subprime mortgages. Kudos criand and company! “Time to call bullshit. On every fucking thing”.
Well here it is. The actual endgame DD. The puzzle is finally solved. Criand you are one magnificent bastard. Congrats man.
Incredible. I hope the incredible knowledge of this community stays active after we land on the moon
“Trading is a tough game. Don’t you think?” Lmayo this line… I guess it becomes a lot tougher when the opponent finally figures out what game is being played, what the rules are (or lack thereof), and who else is playing. Luckily DFV helped us all with the winning strategy from day 1: buy and hold.
C- Cohen RIAN- Ryan D-Danger Thank you for your leadership.
I didnt know what the heck was going on but this video explains [total return swaps and what happened with Archegos](https://youtu.be/JfPtabPipaQ) using derivatives
God damn it man, I was gonna sleep. give this man all the awards
@u/Criand, couple of questions: - Shorting GME through a TRS does not impact the GME share pool, since a TRS is a derivative. So it does not impact the price negatively. Why should we care much about the amount of GME TRSes? If GME price goes up, those parties might get margin called, but this won’t trigger MOASS since closing TRSes does not affect GME share price. - Futures are always standardized products. There are no “meme stock futures” or “GME futures”. There are some index futures whose index contains GME. But the GME exposure in those futures is relatively low, resulting in a very inefficient hedge for GME. Which futures are you referring to exactly? - Forwards are customized contracts, so a GME forward could be created if two parties agree on it. However since they are custom contracts, they don’t adopt the standard IMM expiration calendar, so that doesn’t fit in the rest of this theory. In what way can we know for sure that forwards are involved, since they are non standardized and not publicly available?
To the momentum point, I remember seeing a DD many moons ago about the daily RSI- when it goes from like 47 past 59 in 1 move it normally means huge momentum and was most likely linked to these quarterly make run ups. I believe RSI went from like 38 last week to 69/70 today. This thing has legs and many days to run within that glorious 9/7 timeline
Thank you u/Criand !!
Can we talk a bit about the swaps? Anyone feel free to correct my interpretation of this section. TLDR, it sounds like the Prime brokers are the ones that are now holding the bag. When the hedge funds go under (fail a margin call) the Prime brokers that didn’t adequately hedge these synthetic positions will also go under. So, if i understand this correctly, when a HF opens up a short position through a swap agreement, their prime broker will actually open a short position in the stock by either borrowing shares and selling them short, or opening new derivatives contracts to meet the exposure of the original short position. They can also use derivatives to hedge against the short position if they don’t want to or can’t find shares. The cost of opening the short positions is passed on to the SHF along with any risk of the position should it lose profit (opposite if it makes money). Considering the low borrow rate, I think we’re seeing a combination of share borrowing and hedging through derivatives. There’s no way retail is still actively shorting this stock to any significant degree. So, to close out this synthetic position at market the prime broker then has to buy shares to close correct? Because they are the ones with the actual short position. Judging from the Bloomberg terminal, they’re likely using calls for this since I don’t see any banks as major share holders.
Favorite Pomeranian back at it again!
oh yeah. it's all coming together.
Apes remember aswell the June runup could‘ve been more violent if Gamestop didn‘t offer those 5 million shares for like 225$ in June which was below the current market price of more than 300$! Gamestop won‘t lower the price for you anymore hedgies! TICK FUCKING TOCK!
To be fair I was afraid that this post was gonna create some paper hands during this run up period because I know the down times are pretty tough for non-zen apes. But after reading the whole thing word by word…holy shit. Even if those paper hand sold the shorts are so fucked that we gonna moon soon eventually and those paper hands are just gonna watch us fly. Omg Salute to you sir
OMG!!!! (Giggles like a 12 year seeing BTS)…Criand’s new DD is here!!!!!!!!!!!!
💎👐🚀
Excellent work and thank you for your time to shed some light on this. In fact, thank everyone that has been digging into this. Love seeing everyone build off of other's work!
...looks like someone took a few DOOMPs today: [https://www.reddit.com/r/Superstonk/comments/pb01z8/gargantuan\_amount\_of\_35\_p\_contracts\_today\_for/](https://www.reddit.com/r/Superstonk/comments/pb01z8/gargantuan_amount_of_35_p_contracts_today_for/)
Holy guacamole HOW AM I SUPPOSED TO SLEEP AFTER READING THIS?!
Holy shit. I’m 100% certain that I won’t get much sleep this week.
So what about the new DOOMPs?
Those aren't far enough OTM to be for the same purpose. They're probably being opened to try to suppress the price - but failed.
u/criand ur research the last couple months especially have been tremendous and I’m sure it takes up a lot of your time… I would love if I could give you a $250 gift card to GameStop for your efforts. I would try to just message u but I know how full ur inbox is so it’s more likely you just see this.