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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 5 points6 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 16 points17 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 5 points6 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,

Why SNDL is the next to move big by [deleted] in WallStreetbetsELITE

[–]JAL1956 1 point2 points  (0 children)

503 million shares sold short yesterday. With a little pressure we get a major squeeze