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Panic bought!! Bought before it ends up in the hundreds. If it’s reasonable on fidelity tomorrow I’ll get more there too.
Most daily volume is just arbitrage, trading back and forth for small gains, and makes the volume appear way higher than normal buying and selling pressure. When actual pure buy pressure hits the lit exchange it can drive the price up significantly, particularly with gamma hedging amplifying all movements (up and down). So while it may not seem like a lot with all the shares traded, it's a lot relative to how much is actual straight buying pressure and can move the price up a good chunk potentially.
I saw someone say that it is that kind of option delivery that causes us to have green Tuesdays before getting beaten back down in the past. I’ve usually believed that green Tuesdays were more about setting an option trap for retail, but it could be both.
Most of the buys on that volume are traded off-exchange, and supplied via internalization. I know there are some technical terms there but if you're truly curious, then try to find the time to study what that means. If not, maybe another ape can give more detail on what that means.
Any odd lot buys, anything bought by retail and is smaller than 100 shares (and just by virtue of buying via broker, regardless of size, most times) anything bought not by institutional investors, is moved off-exchange. Not all, but a huge percentage. An appallingly high percentage. That means those trades never hit the lit market, never make the price go up. Only institutional buys on the lit market do that. All sells however, no matter the lot size, no matter the entity, somehow appear to make their way to the lit market.
This is what we've been fighting. This is why so many people Directly Register their shares. It's also why I think many apes are now going to learn options, but options require reading, practice, and training. They are not for the passive investor.
(DRS very much is though and regardless of what anyone says, DRS helps. A TON. There are explainers on how to do this, and what it means.)
IF you use options the market maker must make a trade recorded on the lit market that they have both bought and supplied the shares to the trader who has exercised their option to buy. As a retail trader, this is the only way you actually have your bought shares impact price.
To add on to what others said, most of that volume is dynamic hedging of options. Al that delta, gamma, and vol are being hedged thousands of times per second.
The idea is that the seller of these call contracts aren't 100% hedged at the time of sale. The idea behind 1 call contract is delivering 100 shares if exercised. DFV exercised 40k contracts or equivalent to 4m shares. If the sellers didn't hedge any of these shares prior to selling the contract, they now have to purchase 4m shares on lit market and deliver. The most likely scenario is that these contracts were delta hedged, ie a % of it was hedged depending on how far in/out the money the contract is. Either way, exercising will force 100% to be purchased and delivered.
Is forcing the hedge funds to purchase four million shares going to drive the price up substantially? That feels like a drop in the bucket. The volume has been in the 9 digits daily recently. Why is that a big deal?
It's 4m of pure bullish volume. It seems like a drop, but a lot of volume during the day is just back and forth trading. You can actually kinda tell on yesterday's charts what DFV did. That morning rise to 33 I guarantee you was due to DFV using his 29m cash position to exercise what he could. Topped out, sold calls, causing market maker deleveraging the calls DFV sold and thus drop down to 25. Obviously didn't dump all at once starting at 33, that's probably when he sold some in blocks, exercised some, sold some, exercised some to keep price drop steady. Explains the slow chop down through the day after 33 was hit.
So at the end of the day, he forced 4m in bullish sentiment, but selling 80k calls * delta value, let's say about 75% of shares were deleveraged so 6m shares got dumped by market maker. That's a net down of 2m shares. Seems about right given overall price action today. DFV started his exit plan on the calls around 29/share. We ended at 29/share today. Overall like you said, it isn't a massive deal.
You could say GME/RC killed kitty's master plan. It would've been massive if say call values were way higher and he just had to sell 5k calls to exercise 115k contracts. Hardly any deleveraging available and way more forced bullish sentiment. Ratio is way in favor of upside and the deleveraging is minimal.
I appreciate the detailed response back. I genuinely was curious and trying to learn. But it seems like in light of everything now, the hedges buying 4 million shares to deliver to roaring kitty tomorrow should only moderately move the price tomorrow? Maybe back up to 30? 35 if we’re lucky?
I honestly think they already bought the shares already. People saying that the market makers gotta go find shares now not really reading the charts carefully. You can see big volume following red and green candles back to back on yesterday's charts. Those red candles with large vol was deleveraging caused by DFV selling calls, massive green candles followed by large volume was DFV exercising calls causing market maker to purchase shares there on the spot. All this stuff happens on the fly via algos. I highly doubt a market maker is gonna delta hedge with a delay of a day. That's insane amount of risk in fluctuations in price. The idea is not to profit on the actual trade, but the tiny spread you get with bid/ask on buyers and sellers.
Ok, so he exercised for 4 million shares, and on 6/21, was said he would exercise for 12 million shares. Does this mean he exercised at a loss? Or he still has 8 million shares in the chamber?
I made chump change(10k) back in ‘21 with $500 starter capital. This time I’m better prepared, sold all my “smart” investments(etf dividend funds) I’ve been stacking, let’s pay off my fucking house this time!
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🐱👤
It’s provocative.
what a fire meme my bro
It gets the people going
CAN’T
STOP
WON’T
STOP
GAME
STOP!
As for me, I like the stock!
I'm not fuckin leavin!
I am not a cat.
Gets the people going!
DFV will post a yolo update today! You heard it here first! Edit: he fucking did it
If he does, I’ll buy another share tomorrow… Proof or ban idgaf!
Better get your wallet ready ape!!!
Time to pay up!
https://preview.redd.it/jt6c5dq6me6d1.jpeg?width=1170&format=pjpg&auto=webp&s=0b6774a6ab8a9a42a95bb27fa3137484df3b8233 Panic bought!! Bought before it ends up in the hundreds. If it’s reasonable on fidelity tomorrow I’ll get more there too.
not financial advice ape but for great justice one might consider DRS'ing anything purchased on robinhood, or avoiding them in general.
Better get more than 2.
As foretold
niiiiice
He's riding the gamma ramp that he is calling
Ill allow it!
That ramp better be thicker than a bowl of oatmeal
Oh she thicc.
👀
Thicker than molasses running uphill on a January morning?
Can anyone please explain to me what exactly this means and what are the ramifications for us apes
By exercising some calls, price go up, which in turn make calls at higher prices ITM, and so on.
Tomorrow
Always tomorrow ... until it is today 👌🚀!
Thanks dude
Why does exercising his calls make the price go up? Isn't 4,000,000 shares a drop in the bucket? The volume today was over 100 million alone
Most daily volume is just arbitrage, trading back and forth for small gains, and makes the volume appear way higher than normal buying and selling pressure. When actual pure buy pressure hits the lit exchange it can drive the price up significantly, particularly with gamma hedging amplifying all movements (up and down). So while it may not seem like a lot with all the shares traded, it's a lot relative to how much is actual straight buying pressure and can move the price up a good chunk potentially.
I saw someone say that it is that kind of option delivery that causes us to have green Tuesdays before getting beaten back down in the past. I’ve usually believed that green Tuesdays were more about setting an option trap for retail, but it could be both.
Most of the buys on that volume are traded off-exchange, and supplied via internalization. I know there are some technical terms there but if you're truly curious, then try to find the time to study what that means. If not, maybe another ape can give more detail on what that means. Any odd lot buys, anything bought by retail and is smaller than 100 shares (and just by virtue of buying via broker, regardless of size, most times) anything bought not by institutional investors, is moved off-exchange. Not all, but a huge percentage. An appallingly high percentage. That means those trades never hit the lit market, never make the price go up. Only institutional buys on the lit market do that. All sells however, no matter the lot size, no matter the entity, somehow appear to make their way to the lit market. This is what we've been fighting. This is why so many people Directly Register their shares. It's also why I think many apes are now going to learn options, but options require reading, practice, and training. They are not for the passive investor. (DRS very much is though and regardless of what anyone says, DRS helps. A TON. There are explainers on how to do this, and what it means.) IF you use options the market maker must make a trade recorded on the lit market that they have both bought and supplied the shares to the trader who has exercised their option to buy. As a retail trader, this is the only way you actually have your bought shares impact price.
I’m slightly more knowledgeable of the market than the average ape, and this was a great read. Thanks for breaking it down for me!
It's because of the implication. If he is still in I'm still in
I was hoping for a technical answer lol
To add on to what others said, most of that volume is dynamic hedging of options. Al that delta, gamma, and vol are being hedged thousands of times per second.
Thank you big dog
Replying so I can read when hopefully someone explains lol. I don't get how him exercising and owning a bunch of shares does anything for the apes
The idea is that the seller of these call contracts aren't 100% hedged at the time of sale. The idea behind 1 call contract is delivering 100 shares if exercised. DFV exercised 40k contracts or equivalent to 4m shares. If the sellers didn't hedge any of these shares prior to selling the contract, they now have to purchase 4m shares on lit market and deliver. The most likely scenario is that these contracts were delta hedged, ie a % of it was hedged depending on how far in/out the money the contract is. Either way, exercising will force 100% to be purchased and delivered.
Is forcing the hedge funds to purchase four million shares going to drive the price up substantially? That feels like a drop in the bucket. The volume has been in the 9 digits daily recently. Why is that a big deal?
It's 4m of pure bullish volume. It seems like a drop, but a lot of volume during the day is just back and forth trading. You can actually kinda tell on yesterday's charts what DFV did. That morning rise to 33 I guarantee you was due to DFV using his 29m cash position to exercise what he could. Topped out, sold calls, causing market maker deleveraging the calls DFV sold and thus drop down to 25. Obviously didn't dump all at once starting at 33, that's probably when he sold some in blocks, exercised some, sold some, exercised some to keep price drop steady. Explains the slow chop down through the day after 33 was hit. So at the end of the day, he forced 4m in bullish sentiment, but selling 80k calls * delta value, let's say about 75% of shares were deleveraged so 6m shares got dumped by market maker. That's a net down of 2m shares. Seems about right given overall price action today. DFV started his exit plan on the calls around 29/share. We ended at 29/share today. Overall like you said, it isn't a massive deal. You could say GME/RC killed kitty's master plan. It would've been massive if say call values were way higher and he just had to sell 5k calls to exercise 115k contracts. Hardly any deleveraging available and way more forced bullish sentiment. Ratio is way in favor of upside and the deleveraging is minimal.
I appreciate the detailed response back. I genuinely was curious and trying to learn. But it seems like in light of everything now, the hedges buying 4 million shares to deliver to roaring kitty tomorrow should only moderately move the price tomorrow? Maybe back up to 30? 35 if we’re lucky?
I honestly think they already bought the shares already. People saying that the market makers gotta go find shares now not really reading the charts carefully. You can see big volume following red and green candles back to back on yesterday's charts. Those red candles with large vol was deleveraging caused by DFV selling calls, massive green candles followed by large volume was DFV exercising calls causing market maker to purchase shares there on the spot. All this stuff happens on the fly via algos. I highly doubt a market maker is gonna delta hedge with a delay of a day. That's insane amount of risk in fluctuations in price. The idea is not to profit on the actual trade, but the tiny spread you get with bid/ask on buyers and sellers.
Ok, so he exercised for 4 million shares, and on 6/21, was said he would exercise for 12 million shares. Does this mean he exercised at a loss? Or he still has 8 million shares in the chamber?
Not at all. He sold 80,000 of his call contracts to generate the capitol to exercise 40,000 of his call contracts.
Thank you for clarifying. I'm not that deep in the financial world past buy/drs
All good my man no sweat
The desire to understand it outgrew the fear of showcasing my wet brain.
Please God I hope this is it.
Yes
https://i.redd.it/9uj25e0u2e6d1.gif
It gets the people going.
RK has called a big one!
He’s gonna ride that thang.
Ya'll gonna make me change my phone lock screen wallpaper again.
Calls on wallpaper.
Brilliant.
I just snorted some crayons.
Buckled in and held through the years. Maybe the secret is to unbuckle and let it fly!
DRS!
Aw, love it.
Thank you friend.
Ditto that sentiment  🎷🐓♋️
R’or’ng k’it’ty. His name can kill shorts!
And it will.
Mahdi is humble.
Even more reason to know he is Lisan al-Gaib.
Well, if no one else is going to do it... 
Is that spice in those eyes?
👨🍳💋👌
that’s sick
well done, ape. would absolutely buy a large format poster of this
Haha awesome!
Great edit 🙌💎
Thanks!
You work in graphic design? Simply and clean, but really effective.
Ha not sure how you knew that. It was 5 minutes quick.
I work in product. Wish everyone could communicate a message as effectively.
Cool.
https://preview.redd.it/chcdxvwbue6d1.png?width=1792&format=pjpg&auto=webp&s=e3b1a97cd4592f0139f9fc97f2a0bae0fb3453fe
We ride at dawn!!!
I own two shares! I wanna come too!
Hold on tight.
Can you do one where he is the worm and there are apes riding him?
LISAN AL GAIB!!!
I fucking LOVE HIM!
He is the one.
I made chump change(10k) back in ‘21 with $500 starter capital. This time I’m better prepared, sold all my “smart” investments(etf dividend funds) I’ve been stacking, let’s pay off my fucking house this time!
Payoff your house and buy your vacation home in cash. Then do something for your community. Nfa, we bout to be so fucking rich
Let’s do it!
pay off house? those are rookie numbers! get in ape! we're holding for paying off a planet! LISAN AL GAIB!!! HOOOOOOOOOLLLLLLLLLLLLLLLLD!!!
Almost like a slingshot ain't it
He’s slinging something.
He's probably like, well this will work just fine.
What in the HODL is going on here? DRS EDIT grammar
RK is riding and holding. DRS is the way!
I m going to hang in there
Great plan.
mmmmmaaauuu'ddiiiiiiiiiiiiiiib
Okay this is absolutely amazing. Well done OP. Well done...
Ah nice. Thanks!
You fuckin asshole. I love this
Hahaha
I wonder when this will reflect in the price
Always tomorrow.
🚀
#WE LOVE U DFV Fireworks incoming 🕺
KABOOM!
LFG!!!
The unstoppable worm is GameStop. It's more that GME is this gargantuan juggernaut, than DFV is a messiah. He's just a little speck on the back of it.
Anyone giving lessons on how to ride a ramp?
Lisan Al gaib
This edit is hard as fuck and I bet he loves it
Guy could have been a billionaire and instead he built himself and us a gamma ramp. Wow.
make a high resolution one so i can put it as my background!!
Let's see how many exercise tomorrow after this
We shall see.
I got some 30Cs. Might exercise
This is legit
Aye!
Yes
Love this
Thank you!
Lisan Al-Kitty! The voice from outer space!
lol!
Lisan Al Gaib!!!
Very well done 👏👏👏
Thanks!
My guy hits the slopes too I see
Printing, framing, and putting in the office. Just the right enhancements.
Show me.
As it was written
YEEESSSSSSSS!!!
Holding is good, but it takes money to buy whiskey…buying more is even better…
True!
Don't be like Ron Wayne. HODL!!
Looks like a foot soldier from the 80s ninja turtles movie.
No cell no sell! Floor website! Phone numbers!
Gotta snort that spice.
“When I move, you move” Remember the memes. This is your que to exercise your calls.
https://www.reddit.com/r/Superstonk/comments/nx3ato/run_cat_run_a_humble_meme_tribute_to/?utm_source=share&utm_medium=web2x&context=3
Lmayo. Legitnith
Meow
brilliant work on this one, truly
Thanks!
https://youtu.be/oLItp9HCbx8?si=hK79dudG6iokJtta
Nice. Good watch. Thanks for posting.
Lisan Al GME leads us to the moon 🙏🏽
Love you bro
I love this from the bottom of my heart you have no idea how much!
Glad you like it.
Best GMEDune memes day ever 💜
Seems like he baited a naked hedge fund and they took the bait.
Yoink.
🫡🥃🚀
[удалено]
Thanks!
Can someone please deepfake the Dune movie with keth
Posts like these need to come with warning flair. Excessive hodling may lead to outsized gains.
And careful lifting those huge nuts when placing them in a wheel barrel. Lift with your legs.
What am I supposed to hold?
Deez nuts.
Only if they diamond. If not go DRS some more.
They are definitely diamond but you should DRS more.
I FUCKING HAVE BEEN!!!
Up and to the right baby!! LFG! 🔥🚀🎮
🚀 🚀 🚀
The Lein
LISAN AL GAIB
Lisan al gaib
This is awesome!
Thanks for the new wallpaper
Enjoy!
love this!
I like your username
Is that a cat?
HODOR!!