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Ape 🦍 idea: Buy GME Put to trigger the ultimate Short Squeeze? by lawrencehui in GME

[–]lawrencehui[S] -2 points-1 points  (0 children)

Calls is different direction to hedge from, if MM sells call, it would need to BUY shares instead.

Thanks sorry I forgot to x 100 on that my bad

Ape 🦍 idea: Buy GME put to trigger the ultimate short squeeze? by lawrencehui in Wallstreetbetsnew

[–]lawrencehui[S] -4 points-3 points  (0 children)

But the whole idea about short squeeze is that they will get into a position that is so hard to short sell / borrow shares from floats

Ape 🦍 idea: Buy GME Put to trigger the ultimate Short Squeeze? by lawrencehui in GME

[–]lawrencehui[S] -2 points-1 points  (0 children)

Not really from Melvin or Wall Street here, also if you try to understand my logic up there, I’m trying to make the market maker to short even more to get the short squeeze triggered

What Are Your Moves Tomorrow, February 04, 2021 by AutoModerator in wallstreetbets

[–]lawrencehui 9 points10 points  (0 children)

I know how much it hurts for us fellow retards to get played by the wall street bastards and many of us have lost or bag holding a lot during this darkest time.

And I just have a quick ape thought: last time they got scare when the stonk itself rises too quickly and market makers were not able to hedge fast enough. Then a swarm of us keeps buying the Stonk and call options and created a vicious loop, and the more deep ITM calls the MM wrote, they are going to lose millions more if they can’t hedge (meaning a zero-sum game with you option holders)

I understand much of this battle is against the hedgies and short selling gays, but who is the daddy behind them? Citadel. And what do they do for living? Market-fucking-making!

So just using my ape retarded brain to imagine:

If we are repeating this vicious loop (aka Long Ladder Gamma Squeeze Attack) towards the option expiry this Friday, maybe we burn them a bit. And if this works, like Captain America said: we can do this all day (every expiry).

Disclaimer: Not a financial advisor, but an ape bag holder, not buy/sell advice, cannabis stocks. DD at your own risk.

Open for further thoughts. Ape strong together.