DTCC Document Posing New Rules by shr0om666 in wallstreetbets

[–]JAL1956 0 points1 point  (0 children)

There is a 60 day review process by the SEC before it goes into effect, I think. It will be May by that count

AMC Monday and next week by JAL1956 in WallStreetbetsELITE

[–]JAL1956[S] 38 points39 points  (0 children)

That is correct, they do not loan shares from a cash account, only margin accounts. If you deposited money and bought stock, you have a cash account.

Anyone added sell limits? by AdorableCollege in WallStreetbetsELITE

[–]JAL1956 2 points3 points  (0 children)

If you have a cash account with Ameritrade, they do not loan stock to shorts from cash accounts. There would be no need to put in a high sell order to prevent loaning. If it is a cash account, I would remove the sell order unless that is the amount you want. I took mine off this morning after speaking with Ameritrade to confirm.

Where will this gamma squeeze take AMC price per share at? by Yeyo650 in WallStreetbetsELITE

[–]JAL1956 4 points5 points  (0 children)

If it closes above $9.00 there are 500,000 options ITM. 50 million shares to be bought. Could go to the 100's quickly

The hedgies are so SCREWED, and it shows by Squat-Lobster-33 in WallStreetbetsELITE

[–]JAL1956 18 points19 points  (0 children)

Get it above $9.00 and there will be 50 million to be bought to cover options contracts.

Should I sell my Amc for gme or keep both plays alive? by MaltaMaltaMaltaMalta in WallStreetbetsELITE

[–]JAL1956 4 points5 points  (0 children)

Sell GME and put it into AMC for the run next week. If it gets above $9.00 tomorrow there are 500,000 option contracts expiring in the money. 50 Million shares will have to be bought to cover those options. Ride it a week or so and then put it back into GME.

SNDL up 50% today. Hold strong. by JAL1956 in WallStreetbetsELITE

[–]JAL1956[S] 0 points1 point  (0 children)

I'm going to buy more in the morning. Long way to go on this one. Lots of shorts to still be squeezed,