If it plays out like this because they assumed everyone would sell at a loss to drive the price down then holy-shit they should hand out awards for stupid bets. Keep in mind the fact is more people Awesome Dogs Are My Favorite People Shirt. DFV had shares still after his hearing with congress so I can’t tell if he was being dumb or just has balls of steel at this point.. sell and we are probably going to see the real squeeze. Let’s hope this idiot HF don’t crash the market because they refuse to pay me my god damned money. Delta hedging doesn’t mean short time frame, but a hedge on the contracts that they are short on. Delta is a measure of how much the premium increases relative to the underlying security.
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Market makers stay delta neutral, so basically if they sell call options, they will buy a certain number of shares of the underlying (based on the delta of those options) to stay neutral. As share price rises, they need to buy more shares to remain neutral. If they buy enough Awesome Dogs Are My Favorite People Shirt the price of the stock further, causing a chain reaction as more calls to become ITM. In all likelihood it looks like the overall will reach higher easily passing 500. So without any jokes this looks like a lot of green…. until they block it and when. They do block it everyone will likely sell. The CEO of Interactive Brokers said it himself. GME would have gone to the “thousands” if they didn’t restrict trading that day. My only concern has always been the institutions pulling the plug on us again. Clad getting forced to testify in front of. Congress will hopefully discourage that from happening again.
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