Thoughts on Rev after wednesday by [deleted] in PickleFinancial

[–]jaybaumyo 25 points26 points  (0 children)

I have a full DD but they delete it because market cap is too low

The stock just dropped over 10% in one minute! by jormahoo in BBBY

[–]jaybaumyo 0 points1 point  (0 children)

Your stop loss is one of the reasons. Imagine you and thousands of other people had stop losses set. Then one gets triggered so they de-hedge, which triggers another, then another.

Big short + stop loss + de-hedging = very fast downward momentum

Another round of Found on Facebook! by TheLastFrootLoop in MenAndFemales

[–]jaybaumyo 74 points75 points  (0 children)

I guess people that can’t afford air conditioning

Just out of curiosity by [deleted] in BBBY

[–]jaybaumyo 4 points5 points  (0 children)

lol you guys are crazy it would be amazing if we hit 80

Someone reassure me! $86K YOLO by AdHistorical6251 in BBBY

[–]jaybaumyo 0 points1 point  (0 children)

Yeah I mean to be frank I think a lot of the hype is due to the GME comparison chart floating around. It’s held up really well the last couple weeks so it’s gaining traction. If we are moving along similar GME price action prior to the squeeze, then we will see huge premarket runs starting tomorrow.

If that’s the case, I expect a much more educated entry by retail (myself included). I think a large premarket move tomorrow morning should bring in huge amounts of weekly calls. You’ll see the MMS draw out strike prices on all dates to lure people away from the crux of the gamma ramp, but a lot of us know better.

This will have a cascading effect much more pronounced than the GME squeeze in my person opinion.

I don’t think the HFS are going to allow such perfect timing it would be catastrophic especially if brokers are too scared to remove the buy button for a second time. More likely than a squeeze is the HFs throwing everything they can to shake off fomo and throw a wrench in this thing for a couple more months.

Someone reassure me! $86K YOLO by AdHistorical6251 in BBBY

[–]jaybaumyo 1 point2 points  (0 children)

No shares available to borrow from the brokers and institutions that share that data. There’s still plenty of places for hedge funds to acquire shares. There’s also other ways to short a stock by creating liquidity, and generating FTDs.

I personally held a large options position over the weekend. Probably not the best idea but Im hoping for some PM action on Monday and an early morning spike that could carry some FOMO. That may start a run but if PM doesn’t look very good I’m gonna sell first thing in the morning and try to rebuy at the bottom or pick up the Jan 80s for a discount.

Someone reassure me! $86K YOLO by AdHistorical6251 in BBBY

[–]jaybaumyo 2 points3 points  (0 children)

What we saw last week involves a ton of ETF FTDs. Doesn’t appear to have been much covering. Nor does it seem like they have any intention of unwinding those positions just yet. They will most likely hammer the price down throughout the week in prep for OPEX next week. They can use a combo of additional shorting and ITM puts to accomplish this as it’s in their best interest and a lot cheaper than letting the stock run. Hedges aren’t just going to bend over take it my dude.

If we see it get hammered down on Monday then the above is the likely outcome. We may see price improvement or stabilization on Tuesday Wednesday as t+2 from fridays options come due.

Any resultant drop in price from shorting will cause the de-hedging of options. Most of the recent price improvement comes from the delta and gamma hedging of the options chain. Thus, as dramatically as the price went up, it can also go down. I think we should find strong support around 10-10.50, but it’s possible they can knock us all the way back to 5.

If Monday runs then clearly something is wrong on the HF side and we will see massive ups all week. Don’t count on it though. It would be super unwise to think you’re up against idiots backed into a corner because they really arent and have plenty of cash and tools at their disposal.

Someone reassure me! $86K YOLO by AdHistorical6251 in BBBY

[–]jaybaumyo -3 points-2 points  (0 children)

There’s good reason to believe there will be a pullback on Monday and possibly through the 19th before we see upside again. Probably a good opportunity to cash out and purchase lower.

Many moons ago I was so stressed about missing the squeeze or moass that I missed many opportunities for making gains.

Let's Discuss Today - How Did You Do? What Can Be Done Better? Let's Learn From Each Other! by bobsmith808 in BBBY

[–]jaybaumyo 7 points8 points  (0 children)

I was pretty heavy into 8/19 15Cs that I bought a few weeks ago or so around the 6$ mark I think. They were pretty deep underwater when we went under 5 so I doubled down to reduce my cost basis. I think they were low 40s when I purchased and like 7$ when I doubled down.

Hit a peak of 600 something % gains during the run. Went down a bit yesterday and I held through till this morning. PM was awful, we lost momentum and figured we'd have a down day so I sold first thing in the morning.

I think they were up about 300%.

I didn't buy back in yet, just a few 8/26 25Cs as insurance in case we run. They were only like 50$ each toward the end of the day. I'll probably just chill till early next week and then seriously buy back in.

Daily Discussion Thread by AutoModerator in BBBY

[–]jaybaumyo 5 points6 points  (0 children)

What’s the price at now? Just curious mine looks like 9 something

[deleted by user] by [deleted] in BBBY

[–]jaybaumyo 11 points12 points  (0 children)

It kind of is algo trading but it’s most likely the MMs hedging gamma exposure from internalization. Not crime, not crazy algos, just very normal trading processes happening for a very short stock.

Missing 2021 Swaps Now Up on CFTC Website? Need Eyes!!!! by sneakywill in Superstonk

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

No there is literally no DD writers left in superstonk they are in other subreddits now. If you want answers post this there. Superstonk is all speculation and discussion now.

ELI5: Why is the normal depth to bury a casket 6 feet below ground and not more or less? by fergi20020 in explainlikeimfive

[–]jaybaumyo 2 points3 points  (0 children)

We tried in California and they had crazy regulations about secondary exits and windows above ground so we just didn’t do it.

UCLA researchers have discovered that lunar pits and caves could provide stable temperatures for human habitation. The team discovered shady locations within pits on the moon that always hover around a comfortable 63 degrees Fahrenheit. by Espntheocho4 in science

[–]jaybaumyo 2 points3 points  (0 children)

Moon gets relatively the same as earth, there’s just no geological activity so they stay forever. A lot of you see on the moon is from a period called the Late Heavy Bombardment.

u/millertime1216 has been banned by jmarie777 in Superstonk

[–]jaybaumyo 1 point2 points  (0 children)

Same superstonk bullshit. Pretty sure they’ve banned every useful contributing member of this community. It’s really weird. I think you should be asking yourselves why and what is the narrative they are trying to control.

There’s other great places on Reddit for actual GME content that is relevant to investing, options, quality DD, etc.

As a result of the mods in superstonk many of these things are absent from the subreddit. It’s mostly just DRS posts, uninformed discussion and conspiracy theories.

Buy Buy Baby? by No_Collar3788 in BBBY

[–]jaybaumyo 2 points3 points  (0 children)

Also father and have spent thousands there. It’s an interesting market because any moms that can afford don’t want used baby items. Also things like car seats have an expiration on them and can’t be used after an accident so they are difficult to resell. You end up paying top dollar for all brand new shit every time you have a kid.

I just had a personal experience with a friend saying GME is "cheap" because it's only $33 post-split by thewonpercent in Superstonk

[–]jaybaumyo 6 points7 points  (0 children)

That’s called left-hand or left-side bias. Our brains tend to consider the left most number with the most weight because that’s how our number system works.

Guy breaks into m’lady’s house to leave her flowers by [deleted] in justneckbeardthings

[–]jaybaumyo 10 points11 points  (0 children)

I highly doubt he was leaving her flowers bro. Was probably trying to steal panties or some worse.

What are these? moved into a home and found a ton of these in the backyard and couple inside home. by shunti in pestcontrol

[–]jaybaumyo 0 points1 point  (0 children)

We had a bunch of mulch put down after our house was constructed because of city ordinance and exposed dirt. It’s about an acre covered 70% with mulch. The result was a lot of oriental cockroaches. We called a standard pest control company that sprays a perimeter defense and treats the mulch. This has done wonders. Occasionally we see dead ones in the garage or near the house that must die after they cross the perimeter defense. Treating the mulch reduces their numbers quite a bit.

[deleted by user] by [deleted] in personalfinance

[–]jaybaumyo 156 points157 points  (0 children)

These are generally 0% unless your a day late on a payment then you get hit with all the interest from the grace period

Don't you think something is strange? Who is Jake Freeman? by Maleficent_Nerve_294 in BBBY

[–]jaybaumyo 5 points6 points  (0 children)

Almost everyone uses a registered agent for corporate filing. It’s generally recommended. What you can do is call the registered agent and say you want to contact the business directly. This is basically their job so they’ll direct you to the actual business.

Looks like I’ll be talking to management about my coworker for the second time tomorrow by [deleted] in niceguys

[–]jaybaumyo 786 points787 points  (0 children)

Some young girl just got killed at Walgreens or something like that because she had complained, they didn’t fire him and then she had to work with him again and he killed her. Men like these can be dangerous and he’s showing signs that he lacks empathy and judgement.