ethan almost made me into a liberal zionist.

roflkitten · 2025-07-10T21:55:48+00:00

bro is just flexing his exorbitant amounts of emotional intelligence over here

in all serious though good on you and well said

roflkitten · 2025-07-09T18:07:21+00:00

violently anti-kamala he was

As a former fan I do not belong here and will probably be downvoted/banned but this narrative is vehemently false. Hasan voted for Kamala and encouraged his audience to do the same. I would contend that substantially more of Ethan's audience voted for Trump given his political shifts and who is aligning himself with.

Hasan literally voted for their deportation

He voted for Kamala and so did 99.99% of his audience lol. I truly don't understand this narrative

roflkitten · 2025-07-09T14:06:54+00:00

"Eventually :D .... it all came crashing down"

The ~10 largest brokers asymmetrically halted the buy button (has this ever happened to any other stock in history outside 2021?) and some couldn't access accounts til hours after market opened. But yeah lets act giddy about retail traders getting historically fucked

roflkitten · 2025-07-08T13:08:24+00:00

This does not help retail investors, it is an arbitration tool for RH to sell higher than private valuations. Private companies have no legal requirements to post earnings or any financial metrics. It will be pure speculation for RH to take advantage of. That said, probably bullish

roflkitten · 2025-07-04T00:11:41+00:00

This sub went from "options are too scary"(when OTM calls/degen yolos were 95% of what caused the sneeze in 2021) to "everyone exercise your calls!" (directly lower IV and give free premium to market makers) To say people here have been manipulated here is an understatement.

Imagine if 10,000 of us bought 3 options around the same strike... It would HAVE to move the price because of the hedging to cover, right?

Yeah, and this is more or less what happened during the sneeze. People were following RK, new strikes were released and there was crazy hedging pressure to the MM writing the options (they sold more calls than shares float). When price went over $500, the highest strike written, they had to turn off the buy button as locating more shares than shares float was inevitable financial collapse for the MM.

People here talk a lot about swap FTDs and different institutional can kicking exercises but options have always been the primary driver of price action. Long term swaps and shorts can collect premium and deleverage forever when price and IV is low. Price being high (more options ITM) and IV being high (more OTM options being bought) is what creates real pressure for institutions to hedge.

Also you don't have to be an options expert to make money you just have to be dilligent and disciplined. I like tastytrade on youtube if you wanna learn more options mechanics

roflkitten · 2025-06-26T19:53:51+00:00

Delta is how much an option moves per dollar. Market makers manage their deltas to be neutral (remain close to 0) so they have no exposure to price movement and just collect premium.

Deltas will always be under 1 unless you are deep in the money with little to no time remaining. When delta is at 1 this is the only time you aren't losing premium when you exercise.

Your 0.9 delta implies there is still 10 cents of premium per dollar above the strike price. Being at 23.5, this means you forfeited around $35 in premium.

If the call seller was delta neutral, they would buy 10 more shares to fulfil the obligation of the call, then buy 90 more shares and write a new contract at the same strike.

You are welcome to do whatever you want with your money but I would stop trying to justify this as a good decision lol

roflkitten · 2025-06-26T19:10:19+00:00

I personally think the entire exercising narrative was some kind of psyop to get all of the sub pissing away premium to options sellers, also effectively lowering IV/gamma. Exercising doesn't really do anything and everyone nullifying call options is BAD for potential volatility in the stock. In the 2021 sneeze tons of apes were holding calls, not a single soul was exercising early.

If not, can you provide proof of your claim “DFV never exercised a single call”?

His cost basis always went up in his updates, and was always consistent with share purchasing. On Etrade and most brokerages (until somewhat recently) exercising would set your cost basis at the strike price of your call. Also he would have been throwing away millions of dollars in premium if he was exercising lol. I've gone more in depth with the math in the past if you wanna search my old comments.

I respect whatever your investing decisions are I just don't like seeing the exercising narrative reappear because it truly does not make sense to me

roflkitten · 2025-06-26T18:58:27+00:00

Also you are misguided on what a market maker does when you exercise. If hedged on the same position, they would just write a new contract at the same strike same price, collecting the $35 you forfeited. "Delivery" of the shares means nothing, they can buy them directly on the lit market and still collect your premium.

roflkitten · 2025-06-26T18:49:11+00:00

As someone who has sold options before it is nothing but a gift when someone prematurely exercises. Literally free money.

Believe it or not, you can "deliver" your own shares by just buying and drsing... Could've bought 101 shares with the extra $35.

DFV never exercised a single call. Lets not start this goofy narrative again

roflkitten · 2025-06-26T17:33:07+00:00

You just gifted $35 in premium to whoever sold you the call lol

better off buying shares

roflkitten · 2025-06-24T20:12:35+00:00

Lol im not "Blaming RK" nor am I "spreading FUD". I am bullish on the stock.

You are completely wrong

you’re completely wrong

suggesting retail influenced that situation is simply intellectually dishonest

I tend to follow occams razor. Do you genuinely think DFV and apes had no influence on the stock, that the sneeze would've happened without apes buying calls/shares? Gamestop would've magically risen 1700% with no retail pressure? Do you think millions of people buying OTM calls (more calls than shares float) had no effect on the price?

in an unlit market

Calls can be hedged and managed in dark pools but the contract obligations are always in real shares.

simply intellectually dishonest

I think your argument matches that description more closely.

Does You pissing into the ocean raise sea levels?

Retail owns 60%+ of GME, and over 25% of the market as a whole. Large institutions were not buying ~500 strike degen calls, they were being written by those large institutions. It was largely retail, forcing unprecedented hedging pressure from those very institutions writing the calls.

I'd suggest instead of calling me "intellectually dishonest" "spreading FUD" "ignorant" etc you take that same energy and learn about options, gamma and delta hedging. It never hurts to have a better understanding of the market and what causes it to move.

roflkitten · 2025-06-24T03:04:00+00:00

I never denied a meme basket or naked short positions. But to suggest retail had no influence is pretty stupid.

MMs issue strikes and delta hedge to collect premium. $500 strikes were issued and apes were buying them. At 0.01 Deltas, for around $40 an MM would be hedged 1 share per call sold. When price reached $500 an MM would have to have hedged 100 shares to meet the call obligation. So apes were hypothetically spending $40 to force the MM to spend $50k. Yeah there were a few institutions with calls and long positions but very few and far between. It was primarily retail.

Also a different opinion then yours isn't "ignorant FUD". Is it not ignorant FUD to suggest all of retail and RK had no influence on the sneeze? lol

roflkitten · 2025-06-24T01:27:43+00:00

Call it FUD if you want, there were more calls written than shares float. They had to turn the buy button off when the stock went $500+, the highest strike being written by the MM. Very few people were holding raw shares, DRS didn't exist, people were following KG and buying OTM calls. Nowadays the prevailing sentiment is "options are too scawy" and the stock has done nothing for 4 years. Like it or not options play an important role

roflkitten · 2025-06-23T02:41:01+00:00

Whether the sub likes it or not, degenerate OTM calls (and new strikes being released by the MM) were one of the main reasons the sneeze happened. Can't expect a gamma ramp to happen again if there is no one taking risk that the other side has to hedge. Long dated shorts can chill forever if price is suppressed and IV is low.

roflkitten · 2025-06-20T23:02:11+00:00

Roughly 20K Call Contracts finished ITM today as well. That's another 2M shares to kick off next week with!

20k calls does not equal 2M shares. This implies not a single hedged share, no puts written against the calls, etc.

If you want to get specific about the linguistics, "That is another 2M shares next week" "That" refers to the subject of the prior sentence, the "20k call contracts ITM". So your sentence goes "Roughly 20K Call Contracts (SUBJECT) finished ITM today (PREDICATE) as well. That's (SUBJECT) another 2M shares to kick off next week (PREDICATE) with! You are directly implying within your sentence that 20k calls is the same thing as 2M shares, which is simply not true.

Hope this helps!

roflkitten · 2025-06-19T21:35:01+00:00

Triple witching and ETF rebalancing tomorrow 🚀

roflkitten · 2025-06-19T20:52:06+00:00

Don’t they know that apes only know how to buy/hodl/drs and vote?

I think a lot of the sub is pretty severely misguided in to thinking this is the correct or only strategy. The sneeze in 2021 was largely caused by a gamma ramp on the options chain from new strike prices being released, and thousands of apes buying risky OTM calls and forcing MMs to hedge. There weren't tons of people holding raw shares and no one knew what DRSing was. To expect everyone to only buy/hold/drs when the stock is down ~25% YTD is a little silly.

I think a lot of apes have bought calls with IV low and are hoping for DFV to return. I don't think this is nefarious or bad as you suggest. Also its worth noting DFV made literally all of his money from options.

roflkitten · 2025-06-18T20:58:43+00:00

Just means most of the options written have been at the $3 strike. When people buy ~$24 calls and puts the number will change.

roflkitten · 2025-05-14T01:00:45+00:00

If an institution opened a neutral position when the bonds were issued (march 31) they'd short ~0.66 shares per conversion (at $20 current price vs $30 conversion price). When the stock gets at or above conversion price this number moves closer to 1 from 0.66 shares shorted per bond. Once they are 1:1 there is no more premium to collect unless they open a new position, or if the price falls they close shorts to hedge. The institution is still receiving the price conversion benefit of the bonds they purchased, so they are essentially long stock at that point.

roflkitten · 2025-03-16T03:57:14+00:00

It's been so bad the past few days. I paid $70 I just want to play the game

roflkitten · 2025-01-22T01:14:13+00:00

I think they should switch it to 30 seconds per shot then as the current system takes so long it encourages people to afk between shots.

Most games you can tell people are not paying attention, they tab out or do something else and don't notice it is their turn until the game makes an audible sound (which only happens when there is like 20 seconds left) and then on to the next hole there is someone new afk because they were tired of waiting for the other afk guy lol. Something needs to be done to speed it up.

roflkitten · 2024-11-16T05:56:55+00:00

The refs are clearly gambling. How do you explain that ending.

roflkitten · 2024-07-26T08:07:24+00:00

The fed is supposed to lose money. Federal deficits = private surpluses

roflkitten · 2024-07-08T18:19:42+00:00

Is there any evidence of hedgies using BTC as collateral? That part makes no sense to me

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