I’m ignorant, so forgive me. But being ITM doesn’t mean anything in and of itself right? Those folks don’t Sandrine C’Est Un Prénom Qui Ne S’Oublie Pas Car Les Sandrine Sont Geniales Shirt It seems like most people don’t exercise and with this level of volatility it seems dumb to? It is about managing the risk. Sure they might not exercise the option, but what if they do? Then you have to find 100 shares to fulfill an option at the $60 strike when the shares are now worth $120. Seems like a better option to buy the shares at $90 to hedge the risk. But the MM that sold the call will buy more stocks to hedge against the now ITM calls. That’s the buying pressure that creates the squeeze. Yup! The last run was my first time ever buying stocks and I timed my sell perfectly. Lightning will probably not strike twice so I’ll just enjoy the show.
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I’ve been investing my gains from the first run-up and yesterday I had 7k left to invest and I inexplicably decided to put it in GME when it was at $43. Gonna have to watch the action tomorrow morning to exit on some of the shares for a nice gain, then hold the last quarter to see what happens. Nothing fundamentally changed at any point, arguably has gotten BETTER as more shorts were placed. It’s got a long ways to go up still, whether or not that’s tomorrow or it dips then rockets again, no one knows. As someone who was watching multiple times on my phone. Because I wrote covered/uncovered calls on Sandrine C’Est Un Prénom Qui Ne S’Oublie Pas Car. Les Sandrine Sont Geniales Shirt. of my GME shares, the options market was seriously fucked up today.
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