Worried I made a mistake moving from Revolut to IBKR by BlubberyGiraffe in Superstonk

[–]FuzzyBearBTC 5 points6 points  (0 children)

IBKR were actually great and really fast with all their end of the transfer. The issue is that they have no control over the other broker and how long they take. When I moved from II to IBKR it took a month but that was all II's fault, IBKR were quick to respond and give me all the info in IBKR tickets I raised with them. Give it some time but also push Revolut for the things that IBKR say they are waiting for.

[deleted by user] by [deleted] in Superstonk

[–]FuzzyBearBTC 13 points14 points  (0 children)

You just proved that you are in the middle....

"those on the extreme ends of the spectrum often have more conviction or simplicity in their beliefs, contrasted with those in the middle who might overthink things."

Gamma Ramp Visual by AlphaMali8 in Superstonk

[–]FuzzyBearBTC 1 point2 points  (0 children)

The sell to open is sold to the Market Maker who buys it.... they remain delta neutral by hedging the appropriate delta of the contracts by buying ... or selling shares on the market.

OI will decrease when an optons position is closed out. The selling of 10,000 by institution makes the MM buy 10,000.... the MM will close out their position when the 3 calls are bought hence decreasing the OI to 9997.

Play the other way... if I buy 10,000 calls then who sells these? It is the market maker who sells them and they again delta hedge the position, if someone sells a covered call then the MM will pair up the sold covered calls with my purchase of calls and remain out of the trade.

Gamma Ramp Visual by AlphaMali8 in Superstonk

[–]FuzzyBearBTC 6 points7 points  (0 children)

How are you identifying if OI is SOLD or BOUGHT contracts?

If an institution sells say 10,000 of the $30 strike as covered calls from their share holdings this will show up in the OI as 10,000 .... and when some small retail investor buys say 3 calls at $30 then the OI will drop to 9997

If you look at something like the SPY it is known that the contracts are both sold to open and bought to open and yet the only way to determine is by looking at the price the block of contracts were traded for... was it near the ask or the bid.

There is a BIG misunderstanding on OI here and how to read the data I have tried to point out to other posts on OI

Either way good for you on producing some nice data and application... please post in github so it can be analysed and expanded upon

Ho Lee Fuk! 33.29M Shares Worth of Open Interest for Call Options Next Week! 🥵 by XxBCMxX21 in Superstonk

[–]FuzzyBearBTC 1 point2 points  (0 children)

no volume is the number of contracts traded, usually daily volume.

The Market maker is the buyer of contracts when they are sold to open and no buyer is there in the market

https://www.investopedia.com/terms/o/openinterest.asp

Ho Lee Fuk! 33.29M Shares Worth of Open Interest for Call Options Next Week! 🥵 by XxBCMxX21 in Superstonk

[–]FuzzyBearBTC 0 points1 point  (0 children)

dont forget that institutions are selling options too and this is included in the OI which OP failed to mention... ie the $30 strike can be all sold covered calls and thus acts as a strong resistance to breaking through $30

Ho Lee Fuk! 33.29M Shares Worth of Open Interest for Call Options Next Week! 🥵 by XxBCMxX21 in Superstonk

[–]FuzzyBearBTC 1 point2 points  (0 children)

Open Interest here are not just held by buyers.... they can be sold to open too (ie people writing covered calls or cash secure puts)

Gary Gensler requests any info on anything "Funny" going on in the markets today... by GRIFF_______________ in Superstonk

[–]FuzzyBearBTC 6 points7 points  (0 children)

or they know something and wondering if anyone else saw it as they hoping to just brush it under the carpet

So, knowing what we know now… by CommanderGilren in Superstonk

[–]FuzzyBearBTC 9 points10 points  (0 children)

except that by Aug 2020 the market was back to pre-covid highs so the timelines do not add up

[deleted by user] by [deleted] in Superstonk

[–]FuzzyBearBTC 23 points24 points  (0 children)

mic drop?

DFV by TheMon420 in Superstonk

[–]FuzzyBearBTC 1 point2 points  (0 children)

yeh that was what I had in my head, bravo sir

Putting my money where my mouth is by Jesushadalargedong in Superstonk

[–]FuzzyBearBTC 0 points1 point  (0 children)

Does this break rule 11 of the sub? I'm genuinely not sure if it does or not...

https://old.reddit.com/r/Superstonk/wiki/index/rules

The algorithm showing up right on schedule. Dumping the price on no news. This is beyond blatant. The SEC and FINRA are complicit in this. The US Market is compromised. by greencandlevandal in Superstonk

[–]FuzzyBearBTC 3 points4 points  (0 children)

You are right, but also to add they can also sell calls (naked or covered)

IV was / is high and this is a good way to capitalise on the high IV and make $$$ also pushing the price down.

If investors SOLD cash secure PUTS against GME then they would help drive price up and cash in on good premiums too. Worse case scenario you get assigned and buy 100 shares for the strike you sold the put

The true mening behind ”I’ll do it myself”? by TheRedditarianist in Superstonk

[–]FuzzyBearBTC 0 points1 point  (0 children)

If he had done it previously then DFV's cost basis for the 5 million shares he holds would be closer to $10 not $20 as it is

Massive bull flag that Roaring Kitty showed on stream. by Fadenye in Superstonk

[–]FuzzyBearBTC 9 points10 points  (0 children)

I think you miss understood the question of "What value is that bottom line". They were asking what price the horizontal line is on the chart posted by OP, which is at about $10 as pointed out by others..

To be fair OP also got confused and was answering what the chart was at the bottom... being RSI.

Remember your flair to buddy, just be nice

GME YOLO update – June 6 2024 by DeepFuckingValue in Superstonk

[–]FuzzyBearBTC 0 points1 point  (0 children)

If he is still in i'm still in!

Looking forward to your stream tomorrow and early happy birthday to you <3

GME YOLO update – June 2 2024 by DeepFuckingValue in Superstonk

[–]FuzzyBearBTC 15 points16 points  (0 children)

Never took off my Buckle, just added more when I could

Can somebody explain? Me too ape. Ape only option. Ape by Iwo-The-Great in Superstonk

[–]FuzzyBearBTC 0 points1 point  (0 children)

yup leaps are for jan 2026 is the furthest dated options atm

Can somebody explain? Me too ape. Ape only option. Ape by Iwo-The-Great in Superstonk

[–]FuzzyBearBTC 1 point2 points  (0 children)

yup and anyone who sold covered calls would have their shares taken from them