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Link Posted: 1/26/2021 6:56:48 PM EDT
[#1]
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Quoted:
Melvin Capital has to have been margin called by now...
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Pretty sure that happened right about the time they got the $2.75 Billion shore-up from Citadel and Point 72.
Link Posted: 1/26/2021 6:57:30 PM EDT
[#2]
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Quoted:


I keep seeing this being said.

Why Friday?
View Quote


Options expire. Err the day Melvin capital goes out of business.
Link Posted: 1/26/2021 6:57:43 PM EDT
[#3]
Meanwhile in some back room somewhere:

"I told you I could make those wall street bets idiots millionaires while making Melvin Capital broke"

Link Posted: 1/26/2021 6:58:33 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Options expire. Err the day Melvin capital goes out of business.
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View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:


I keep seeing this being said.

Why Friday?


Options expire. Err the day Melvin capital goes out of business.


How many funds are going to bail them out again?
Link Posted: 1/26/2021 6:59:11 PM EDT
[#5]
So who bought $200 strike calls before the close today?
Link Posted: 1/26/2021 7:00:13 PM EDT
[#6]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


How many funds are going to bail them out again?
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The real question is, how many funds have invested in them...

We know of 2.
Link Posted: 1/26/2021 7:03:36 PM EDT
[#7]
I'm a crypto guy but just cashed out a few G's in BitCoin to join in on these shenanigan's.



Hoping to just be able to buy more BitCoins.
Link Posted: 1/26/2021 7:07:34 PM EDT
[#8]
This is fucking epic.  Holy shit.  If this year turns out to be the doom and gloom everyone is predicting we will have this to smile back and laugh at.
Link Posted: 1/26/2021 7:09:33 PM EDT
[#9]
Here comes the infinity squeeze. GME 1000 Friday. AMC getting squeezed now, too.
Link Posted: 1/26/2021 7:10:08 PM EDT
[#10]
Incredible.
Link Posted: 1/26/2021 7:15:01 PM EDT
[#11]
What's the endgame of this, does this go really high until everyone tries to cash out and the stock price goes to zero?

Or are there other people taking more short positions knowing the stock is way overvalued and has to come down, and continues the cycle?
Link Posted: 1/26/2021 7:17:52 PM EDT
[#12]
Link Posted: 1/26/2021 7:18:09 PM EDT
[#13]
Link Posted: 1/26/2021 7:20:45 PM EDT
[#14]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
What's the endgame of this, does this go really high until everyone tries to cash out and the stock price goes to zero?

Or are there other people taking more short positions knowing the stock is way overvalued and has to come down, and continues the cycle?
View Quote
Both of these things are happening, in addition a couple million shares worth friday-expiring ITM call options that were previously, as of last Wednesday, waaaay outside the money.

Think perfect storm rolling in on anyone who bet the stock would go down, in addition to more stocks being shorted than are available on the market....

Supply and Demand.
Link Posted: 1/26/2021 7:22:05 PM EDT
[#15]
So....the hedges file for bankruptcy. They cant pay their margin. And nobody gets paid, after months of legal.

Sound right?
Link Posted: 1/26/2021 7:27:46 PM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
So....the hedges file for bankruptcy. They cant pay their margin. And nobody gets paid, after months of legal.

Sound right?
View Quote
Unless an investor firm underwrote their capital.

Remember the counter-party risk for all the bundled real estate financial bundles that banks and firms were shilling back in 2005-2008.  That took out a lot of solid investment firms and banks that were downstream from the action.

There is a reason Citadel and Point 72 dumped billions into Melvin Capital, and it wasn't because they believed over the weekend that Melvin had a solid investment strategy.
Link Posted: 1/26/2021 7:41:37 PM EDT
[#17]
We are in uncharted territory.  I have no idea what is going to happen when these companies say "hey people with shares that aren't real we need those back".  Because these companies are going to go bankrupt that shorted.
Link Posted: 1/26/2021 7:44:54 PM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
We are in uncharted territory.  I have no idea what is going to happen when these companies say "hey people with shares that aren't real we need those back".  Because these companies are going to go bankrupt that shorted.
View Quote

Link Posted: 1/26/2021 7:46:31 PM EDT
[#19]
Can only think of deadpool," just like that shit went side ways in a most collosal way"

Wish I paid the fuck attention to the dudes talking about GME in the MVIS thread.

Had NO clue what was being discussed and was kinda in a wait and see what happens kinda spot with it.

At 20 dollars I was like "huh. So that was cool".    At 40 dollars I was like "shit there was still fucking room left to get in?"

Then we saw 80-90.

Now my mind is just so full of fuck.

Seriously?   Jesus christ.    I would have been out at doubling or a triple.

But this hold on for dear life shit?   Goddamn.   5000 bucks for 1000 shares could have paid off my house.
Link Posted: 1/26/2021 7:53:19 PM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Can only think of deadpool," just like that shit went side ways in a most collosal way"

Wish I paid the fuck attention to the dudes talking about GME in the MVIS thread.

Had NO clue what was being discussed and was kinda in a wait and see what happens kinda spot with it.

At 20 dollars I was like "huh. So that was cool".    At 40 dollars I was like "shit there was still fucking room left to get in?"

Then we saw 80-90.

Now my mind is just so full of fuck.

Seriously?   Jesus christ.    I would have been out at doubling or a triple.

But this hold on for dear life shit?   Goddamn.   5000 bucks for 1000 shares could have paid off my house.
View Quote


I went back and looked. This was first contracts I did on it. I should have bought strait calls. They were so cheap then. Attachment Attached File
Link Posted: 1/26/2021 7:54:18 PM EDT
[#21]
Unreal indeed. That one dude is up to $22mill today.

I got out before close today. Couldn’t pass up 99% gains in one day. Chickened out fellas!
Link Posted: 1/26/2021 8:02:22 PM EDT
[#22]
$225?
Link Posted: 1/26/2021 8:07:20 PM EDT
[#23]
Hold the line people and keep buying. Next Monday, retire to an island.
Link Posted: 1/26/2021 8:09:34 PM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


I went back and looked. This was first contracts I did on it. I should have bought strait calls. They were so cheap then. https://www.ar15.com/media/mediaFiles/173565/Screenshot_20210126-153758_TD_Ameritrade-1798170.JPG
View Quote



Oh I remember your posts.

I got out of my MVIS stuff back then as I was tired of logging in every day.

Basically broke even on 1k shares of MVIS that I held for like 2.15 average cost per share.

Left my meager profits in the accou t til last Dec when I came back to start moving some shit around.    Got back in on MVIS @5 dollars after that 10 dollar spike.


Honestly, I had the attitude of if I want some cash I will go work overtime.   Rather than stresss.

Now that I am working overtime I am gonna hold back some of that cash to toss in as throw away money and see if I hit something.

Might be in on BB tomorrow.
Link Posted: 1/26/2021 8:10:51 PM EDT
[#25]
I wish I had the knowledge and nerve for this shit.  I love to watch it happen and read about it though.  I hope you guys on board make it all the way.

Mission to Mars.   Power to the players.  
Link Posted: 1/26/2021 8:13:38 PM EDT
[#26]
Be careful out there, been noticing tons of bots on reddit promoting buying BB. Could be a pump/dump.

Not investment advice.
Link Posted: 1/26/2021 8:15:32 PM EDT
[#27]
In for the lulz
Link Posted: 1/26/2021 8:16:08 PM EDT
[#28]
Link Posted: 1/26/2021 8:39:50 PM EDT
[#29]
I want to buy just to help this guy make history.
Link Posted: 1/26/2021 8:47:45 PM EDT
[#30]
Quite an expensive dick measuring contest.
Link Posted: 1/26/2021 8:54:18 PM EDT
[#31]
Anyone else feel like most of these investors are going to take the profits and buy Bitcoin??
Link Posted: 1/26/2021 9:01:12 PM EDT
[#32]
The real manipulation was shorting GME into oblivion during the last few years.  Greedy bastards couldn't take their gains and move on.  They had to keep those short positions open, didn't they!  

F around and find out, I guess.
Link Posted: 1/26/2021 9:05:55 PM EDT
[#33]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Anyone else feel like most of these investors are going to take the profits and buy Bitcoin??
View Quote


If it goes to $1,000/share, which I don't see HOW... I'm buying WP NVGs. Or maybe dual-tube non-WP, we'll see. I have some GME but not as much as I'd like..
Link Posted: 1/26/2021 9:07:23 PM EDT
[#34]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Be careful out there, been noticing tons of bots on reddit promoting buying BB. Could be a pump/dump.

Not investment advice.
View Quote


I'm not sold on BB. I do have maxed out call spreads on it though.

Link Posted: 1/26/2021 9:09:33 PM EDT
[#35]
I’m so used to crypto I forgot I was after hours buying. If I buy at $200 now what happens if it opens at $100 or $300? Do I own at $200?
Link Posted: 1/26/2021 9:13:56 PM EDT
[#36]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

I’m so used to crypto I forgot I was after hours buying. If I buy at $200 now what happens if it opens at $100 or $300? Do I own at $200?
View Quote


Yes. But markets are closed now.
Link Posted: 1/26/2021 9:14:10 PM EDT
[#37]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

I’m so used to crypto I forgot I was after hours buying. If I buy at $200 now what happens if it opens at $100 or $300? Do I own at $200?
View Quote


I think it depends on what brokerage you use.  Not all of them do after hours trades.  In that case you are buying at whatever the opening price is (assuming you did a market order rather than a limit order for a certain price point).
Link Posted: 1/26/2021 9:15:28 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quite an expensive dick measuring contest.
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Just $5 billion of not their money.
Link Posted: 1/26/2021 9:15:48 PM EDT
[#39]
The key thing to pay attention to with all the other stocks being brought up is that only GME had over 100% of the float shorted.  BB was undervalued at $4 yes, but it and NOK and whatever else people are bringing up are not shorted so heavily.  I sold BB at $18, so good luck on it going up!  But I also have only been watching this GME stuff from the sideline and could have gotten in, so clearly I'm no seer.
Link Posted: 1/26/2021 9:17:05 PM EDT
[#40]
Sitting at 209 in after hours now....and that Rossmann youtube video "they got caught with their dick in the cookie drawer"
Link Posted: 1/26/2021 9:17:28 PM EDT
[#41]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
The key thing to pay attention to with all the other stocks being brought up is that only GME had over 100% of the float shorted.  BB was undervalued at $4 yes, but it and NOK and whatever else people are bringing up are not shorted so heavily.  I sold BB at $18, so good luck on it going up!  But I also have only been watching this GME stuff from the sideline and could have gotten in, so clearly I'm no seer.
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But AMC is over 50% shorted.
Link Posted: 1/26/2021 9:18:58 PM EDT
[#42]
Thanks. I was playing around with another buy and Robinhood stated it would execute when the market opened. Less than an hour ago it would have let me buy.

Any way to track after-after hours trends?

Also what is BB? Got cash sitting in Robinhood now ??
Link Posted: 1/26/2021 9:22:04 PM EDT
[#43]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Thanks. I was playing around with another buy and Robinhood stated it would execute when the market opened. Less than an hour ago it would have let me buy.

Any way to track after-after hours trends?

Also what is BB? Got cash sitting in Robinhood now ??
View Quote

marketwatch.com
BB is blackberry, which looks like a pump dump. Lots of bots telling people to buy.\

not investment advice
Link Posted: 1/26/2021 9:24:13 PM EDT
[#44]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Sitting at 209 in after hours now....and that Rossmann youtube video "they got caught with their dick in the cookie drawer"
View Quote


Link?
Link Posted: 1/26/2021 9:25:00 PM EDT
[#45]
these options gains don't even reflect the after-hours gains of GME. This guy is going to open with his account up another $10m tomorrow morning.
Link Posted: 1/26/2021 9:30:26 PM EDT
[#46]
Oh shit Michael J Burry has spoken

Attachment Attached File

Link Posted: 1/26/2021 9:36:05 PM EDT
[#47]
I don't ever remember seeing one side of the option chain totally ITM and the other side OTM.  I'm not in GME.  I hope you guys make a killing.

I normally don't mess with pumped up stuff like this, but I am long a few 2/5 calls on BB.
Link Posted: 1/26/2021 9:44:11 PM EDT
[#48]
There's something cathartic about watching the casual card player take the Texas Holdem champion... and the casino... and Las Vegas to the cleaners.
Link Posted: 1/26/2021 9:52:05 PM EDT
[#49]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I don't ever remember seeing one side of the option chain totally ITM and the other side OTM.  I'm not in GME.  I hope you guys make a killing.

I normally don't mess with pumped up stuff like this, but I am long a few 2/5 calls on BB.
View Quote

yea I don't like to chase but I jumped on some AMC before the close because it was starting to heat up on WSB. Now I'm up 65% AH. Market is totally bonkers right now.
Link Posted: 1/26/2021 9:53:09 PM EDT
[#50]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
There's something cathartic about watching the casual card player take the Texas Holdem champion... and the casino... and Las Vegas to the cleaners.
View Quote
And that Streisand effect is going to bring in some more players just so they can play a part.  This will definitely be still making waves decades from now.  
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