[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 209 KB, 1176x1200, 1610224756415.jpg [View same] [iqdb] [saucenao] [google]
27167105 No.27167105 [Reply] [Original]

Hello fellow goyim.

I just wanted to inform you on what was accomplished today by holding GME over $325 this Friday: the expiration of the weekly options contracts.

>Calls
The total call contracts on GME that were in the money at expiration was 92,547. Given that each contract represents 100 underlying shares, that is 9,254,700 shares of GME swapping hands to the bulls; all of which are currently in profit. Whoever may have been short on those contracts now owe 9,254,700 shares of GME to the bulls.

>Puts
The total open interest on put contracts was 329,156. I thought it was important to mention because out of 329,156 total contracts, only 1120 puts expired in the money. This means that 99.66% of all puts expired worthless. Due to the closing price, 39,915,600 shares worth of puts just went poof.

The bears have basically tossed their money into a furnace, and 9MM GME shares are moving to the bulls.

This is what happened today. The squeeze hasn't even began. Hang onto your ass, we're about to see some shit.

>> No.27168161
File: 212 KB, 300x300, download (2).gif [View same] [iqdb] [saucenao] [google]
27168161

https://isthesqueezesquoze.com/

bump for exposure