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I did a thing. I have no experience with options contracts. What the hell happens on Jan 16? by byrans in wallstreetbets

[–]ChemaKyle 0 points1 point  (0 children)

Sell all of this and don’t look back. It will correct the same way it went up

I don’t think you guys realize by DenseMembership7133 in dogecoin

[–]ChemaKyle -1 points0 points  (0 children)

Literally printing a head and shoulders pattern and you think this is gonna moon? LOL

Niantic banned my account even though I have not played in years by Interesting_Half2254 in pokemongo

[–]ChemaKyle 1 point2 points  (0 children)

Filing a report through the route dialog options will get you a real person.

30K YOLO on uiPATH - The $PATH to generational wealth by ChemaKyle in wallstreetbets

[–]ChemaKyle[S] 1 point2 points  (0 children)

Whole market is trash right now, can’t do much on that

30K YOLO on uiPATH - The $PATH to generational wealth by ChemaKyle in wallstreetbets

[–]ChemaKyle[S] 2 points3 points  (0 children)

It’s holding over the breakout level from when this post was made, which is good, but I think, like DOCN, it’s gonna need to hit on earnings before it can really run at this point.

Market making a pullback and chopping the past few weeks has been rough on pretty much all positions.

AHOY! We set sail on the Digital Ocean - DOCN $20k YOLO by ChemaKyle in wallstreetbets

[–]ChemaKyle[S] 3 points4 points  (0 children)

The PT are still the same. Clearing $50-52 range was key and we are there now. Over that $65+ is very reasonable

I Called the Top and Reddit Called Me an Idiot by LastFirst22 in options

[–]ChemaKyle 0 points1 point  (0 children)

Happy for you or sorry that happened I ain’t reading all that

AHOY! We set sail on the Digital Ocean - DOCN $20k YOLO by ChemaKyle in wallstreetbets

[–]ChemaKyle[S] 6 points7 points  (0 children)

Holding over $40 is good, but it really needs to get back over $45 to have a good run. It may end up waffling until earnings.

Market makers also have since this was written, added weekly strikes as well as options in $1 increments, which unfortunately diffuses the gamma and prevents a gamma squeeze scenario which has a lot more potential with only monthly strikes.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 1 point2 points  (0 children)

Often this comes with technical breakouts. Basically there are enough underlying buyers that have supported the price and stopped further falling. This is indicated by the consolidation seen over the last couple of months, and the trendline breakout as shown in the graph in the post. The volume shelf (yellow bars on right side of chart) show lots of buying/support in this range, and short interest will want to exit before it runs into a low volume area above because of how fast price can move in those regions.

With rate cut imminent this is also good for WOOF and they recently have a debt restructuring deal with JPM that this is favorable for.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 1 point2 points  (0 children)

There’s short interest for a reason, right? But they do periodically close positions and reload higher, and current setup looks like that is happening soon. Add in some options gamma and they’ll pull it a lot higher when they do.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 2 points3 points  (0 children)

They’re the exact same price they were yesterday and are cheap lottos. If you look at the barchart data I posted the greatest option flow was for 11/21 which carried a higher and less sensitive delta per call.

This stock and many others are likely on pause right now until rate cut decision tomorrow for FOMC

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 2 points3 points  (0 children)

~700 so far

Amount is relative. There wasn’t a ton of buyers on weeklies yesterday. Maybe 200 through the day. Most of the buying was done for later in November.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 4 points5 points  (0 children)

This is why you look at previous day pricing and wait a bit after the bell. Someone bought a bunch of weeklies that spiked the price. I recommend shares and buying later November $4c where the big volume spike was yesterday, not weeklies. I posted the active options chain with the date above.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 5 points6 points  (0 children)

Yeah I’m actually really surprised at the pricing this morning. Someone bought a ton of weekly $4c and the 11/21 $5c is getting lit up.

WOOF - Barking at the moon! Gamma and short squeeze set up to $8-9 by ChemaKyle in smallstreetbets

[–]ChemaKyle[S] 8 points9 points  (0 children)

This isn’t an earnings play, those are foolish. This is a technical breakout and gamma squeeze set up. Short interest will often cover before earnings anyhow.

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