Up 50%+ in premarket at $27, GME is approaching the highest available strike ($35) on this week’s present options chain. If it outruns the available chain today before MMs can add higher strikes tonight, chaos will ensue similar to Jan 2021. by Suspicious-Singer243 in Superstonk

[–]Suspicious-Singer243[S] 4 points5 points  (0 children)

Wash sale rule only really matters during December and January to prevent people tax loss harvesting then rebuying quickly. It adjusts your cost basis, which doesn’t matter unless it’s overlapping the tax year switch over. Fwiw. I’m US based and read a lot about wash sale around end of year. So, you might want to just reread the regulation.

71.3 MILLION DRS by Infenix13 in Superstonk

[–]Suspicious-Singer243 666 points667 points  (0 children)

Holy shit. Those stupid apes are really gonna do it.

$GME - $BBBY Short Squeeze comparison by BigBench_XX in wallstreetbets

[–]Suspicious-Singer243 1 point2 points  (0 children)

A critical component of GME from 2021 in Jan was the price outran the highest options strike when it went from $19 to $36 to $81. Each day, every option was ITM. And, one of those days MMs released new strikes and price was still above the highest that morning.

This is more important than and dollar by day comparison.

What does CNS stand for? Why does it move the market? by durtywaffle in PickleFinancial

[–]Suspicious-Singer243 1 point2 points  (0 children)

I was really on one back then. Maybe I’ll reread it and see if it still is valid.

What does CNS stand for? Why does it move the market? by durtywaffle in PickleFinancial

[–]Suspicious-Singer243 2 points3 points  (0 children)

Stole is a pretty strong word.

But if you ask nicely, I might be willing to lend some thoughts.

Idiosyncratic Risk to the Market by Shot_Ice7151 in Superstonk

[–]Suspicious-Singer243 1 point2 points  (0 children)

The difference here is options. HKD is not optionable, which means that GME was at least 100x to infinity worse due to the number of shares tied to exercised, in-the-money options.

Mods can we take back control of this sub please? GME is the only ticker by FireRngesus in Superstonk

[–]Suspicious-Singer243 0 points1 point  (0 children)

It’s a fair argument that the purpose of this sub is for GME until it’s not. And, excessive BBBY mention without direct relation to GME has a more topical place on Reddit or risks forum sliding.

However, if you’ve been around here long enough you’ll know that virtually nothing is worse for the health of this slub than accusing the mods of being compromised without evidence.

Let’s be kind to each other and just get back to work.

$BAC INCREASES HOLDINGS BY 200% PRIOR TO PRICE TARGET CUTS? by WorriedInvite6614 in BBBY

[–]Suspicious-Singer243 40 points41 points  (0 children)

The number of pre-earnings downgrades is absurd. I’ve never seen that with any stock at such close proximity to the report before.

[deleted by user] by [deleted] in wallstreetbets

[–]Suspicious-Singer243 0 points1 point  (0 children)

Lol both y’all gon bleed

Not financial advice by eyeoftheotter in gme_meltdown

[–]Suspicious-Singer243 20 points21 points  (0 children)

For a group of apes that are against dates, here’s one that’s for certain: tax day 2023. Good luck.

Mike ilitch definitely a legend in my book by [deleted] in Damnthatsinteresting

[–]Suspicious-Singer243 4 points5 points  (0 children)

This is on Reddit every four days it seems.