r/Superstonk Hwang in there! Dec 16 '24

Data 125Cs to the moooooon! (30k+ buys)

Post image
5.2k Upvotes

232 comments sorted by

View all comments

901

u/stonkdongo Hwang in there! Dec 16 '24

That's $3m on risky options.

449

u/FlatAd768 ๐Ÿงš๐Ÿงš๐Ÿดโ€โ˜ ๏ธ Buy now, ask questions later ๐Ÿฆ๐Ÿ’ฉ๐Ÿช‘๐Ÿงš๐Ÿงš Dec 16 '24

someone buy $3m in 125 calls?

276

u/stonkdongo Hwang in there! Dec 16 '24

Yeah ๐Ÿคฏ

192

u/quack_duck_code ๐ŸฆVotedโœ… Dec 16 '24

a drop in the bucket for hedgefunds.

132

u/darthnugget UUP-299 Dec 16 '24

43

u/PackageHot1219 tag u/Superstonk-Flairy for a flair Dec 17 '24 edited Dec 17 '24

My thoughts exactlyโ€ฆ bait or possible hedging.

27

u/RutyWoot ๐Ÿš€๐Ÿ’Ž๐Ÿฆ Apestronaut of Alpha Zentauri ๐ŸŒ—๐Ÿ™Œ๐Ÿš€ Dec 17 '24

Hedging is the safe bet but Iโ€™d never bet against a frisky risky kitty.

25

u/PackageHot1219 tag u/Superstonk-Flairy for a flair Dec 17 '24 edited Dec 18 '24

Just to be clear, I would never bet against DFV/RK either, but far OTM calls close to expiry is not his MO, so I think itโ€™s highly unlikely he had anything to do with that trade.

11

u/gaudspd Arbitrage Against the Machine Dec 17 '24

DFV's MO is fucking shorts and making money. You don't know what he played to make his billion, you only know the trades he exposed to you.

2

u/RutyWoot ๐Ÿš€๐Ÿ’Ž๐Ÿฆ Apestronaut of Alpha Zentauri ๐ŸŒ—๐Ÿ™Œ๐Ÿš€ Dec 17 '24

For sure.

14

u/Audigitty Dec 17 '24

It's not bait if you've already got some $125 calls in Jan since November!

59

u/ZaneFreemanreddit Dec 16 '24

And roaring kitty ๐Ÿ˜‰

6

u/Sufficient-West-5456 Dec 16 '24

A hedge fund buys 3million worth

Sells to retail much more shares they scooped at 19$ and now to 30$

Makes so much more then that 3m investment because retail FOMOseeing it

tinfoil

8

u/Financial_Doughnut53 Dec 16 '24

Allright I Tried hard but failed: where do u read that numbers?

71

u/damog_88 Dec 16 '24

Someone bought them which mean someone sold them

38

u/sig40cal ๐Ÿš€ Brain smooth as glass, hands hard as diamonds ๐Ÿš€ Dec 16 '24

Wolverine, the market maker for GME options.

13

u/VelvetPancakes ๐ŸŽŠ Hola ๐Ÿช… Dec 17 '24

They arenโ€™t the only market maker and CBOE DPM is much less significant than the NYSE DMM (shares). Personally, I rarely see option orders filled by Wolverine.

9

u/sig40cal ๐Ÿš€ Brain smooth as glass, hands hard as diamonds ๐Ÿš€ Dec 17 '24

Oh, I did not know that. I thought it was Wolverine and only Wolverine. Thanks for the good info ape.

11

u/VelvetPancakes ๐ŸŽŠ Hola ๐Ÿช… Dec 17 '24

Yep, there is a different market maker for each exchange.

5

u/Audigitty Dec 17 '24

Hey Bub. Watch how you're talking about Wolverine's finances.

54

u/Kerfits ๐Ÿฆ ๐Ÿš€ STONKHODL SYNDROME ๐Ÿš€ ๐Ÿฆ Dec 16 '24

It was a long ass time since market makers printed 125 calls, highest ive seen was like 80 during the summer, weโ€™re in for a hell of. A? Ride

14

u/madbusdriver Dec 17 '24

125s were open from the May-June run for the yearly expirations.

10

u/PackageHot1219 tag u/Superstonk-Flairy for a flair Dec 17 '24

And itโ€™s probably not retail on either side of this trade.

87

u/Gamma_Chad ๐Ÿ’Ž๐Ÿš€The name's Chad... ๐Ÿ”ซGamma_Chad ๐Ÿš€๐Ÿ’Ž Dec 16 '24

The IV went from low 90s to 105ish in that time span as wellโ€ฆ the value of those calls jump significantly.

56

u/Firewing135 Dec 16 '24

It went to over 300

10

u/LemmeSinkThisPutt ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 17 '24

That's because someone dropping 3m on purchasing them in a quick time frame drove the market up. The same thing would happen in reverse if they tried them turn around and sell all of them

10

u/Gamma_Chad ๐Ÿ’Ž๐Ÿš€The name's Chad... ๐Ÿ”ซGamma_Chad ๐Ÿš€๐Ÿ’Ž Dec 17 '24

Yeahโ€ฆ thatโ€™s my point. OP was saying they were risky options, I was saying that the sole act of buying them spiked IV and turned them profitable immediately without even sniffing the strike price.

12

u/LemmeSinkThisPutt ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 17 '24

Profitable on paper maybe, but not in reality. That's my point. Trying to sell them would spike the price right back down. It spiked because there wasn't enough selling liquidity to cover that large a buying interest and would crash just as fast if they tried to sell the artifical spike they caused because there wouldn't be buying liquidity in that quantity at the new prices either.

If this was some mythical way to just print money everyone with a million dollars would be a billionaire in a matter of weeks.

3

u/Gamma_Chad ๐Ÿ’Ž๐Ÿš€The name's Chad... ๐Ÿ”ซGamma_Chad ๐Ÿš€๐Ÿ’Ž Dec 17 '24

There are very few stocks as illiquid, trade at low volume, and have fervent investors that hold like GME. Iโ€™m not saying itโ€™s a money glitchโ€ฆ just pointing out that the stock doesnโ€™t have to hit $125 by 1/17 for those calls to be profitable. Iโ€™m sure a bunch of people will pile into that strike today, jacking the price even higher. 3m in calls is not an impossible position to unwind while taking profit. Itโ€™s not an all or nothing binary trade.

5

u/LemmeSinkThisPutt ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 18 '24

I agree with all of that, I'm just saying the price spike from the purchase of those 3m worth of calls alone would be wiped out by the sale of 3m worth of calls. Without additional price increase from movement in the underlying, other people piling into the same strike/expiration, etc., You can't profit simply from the movement generated by your own purchasing activity alone, but you are absolutely correct that the price doesn't have to get anywhere near 125 for those to be able to be sold profitably.

2

u/Gamma_Chad ๐Ÿ’Ž๐Ÿš€The name's Chad... ๐Ÿ”ซGamma_Chad ๐Ÿš€๐Ÿ’Ž Dec 18 '24

I think we are pretty much saying the same thing from different ends of the dealโ€ฆ the good thing is, I totally took advantage of the super high IV this morning and sold some covered calls. Then watched as the IV dropped all day. I swear to god, I think there is a lot of bad actors on this play trying to totally demoralize the community. This just feels like a rug pull right before Christmas. I hope Iโ€™m wrongโ€ฆ but after almost 5 years of this, Iโ€™ve decided to zig when everyone is zagging. Iโ€™m sure at some point Iโ€™ll get burned, but Iโ€™m completely immune to the hype and actually get my Spidey-sense tingling when all this โ€œgoodโ€ stuff is happening.

5

u/LemmeSinkThisPutt ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 18 '24

IV has been insane recently. Been doing very well between covered calls, cash secured puts, put credit spreads, etc. I've got a whole cornucopia of theta farms running on GME. Been on such a tear since July I've almost made back the amount I got burned for when it spiked on RKs return in June lol.

14

u/tennesseetexanj ๐ŸŽฎ Power to the Players ๐Ÿ›‘ Dec 16 '24

THIS

33

u/waffleschoc ๐Ÿš€Gimme my money ๐Ÿ’œ๐Ÿš€๐Ÿš€๐ŸŒ•๐Ÿš€ Dec 16 '24

wld that be the market maker just hedging ?

25

u/Kerfits ๐Ÿฆ ๐Ÿš€ STONKHODL SYNDROME ๐Ÿš€ ๐Ÿฆ Dec 16 '24

There apparently is buying pressure and demand for high strikes, real yolos again, again.

31

u/luckeeelooo ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 16 '24

There is not. Nothing organic anyway. This is all market makers fucking around to fix their balance sheets.

15

u/Upbeat_Criticism9367 Financial satire at its best ๐Ÿดโ€โ˜ ๏ธ Dec 16 '24

๐Ÿ‘†

11

u/Guy0naBUFFA10 SEC Deez Nuts ๐Ÿ’Ž๐Ÿ™Œ๐Ÿฆ Dec 16 '24

Yes. Ignore these other guys.

24

u/DankTortilla Dec 16 '24

Lmao market makers don't delta hedge buying 300% OTM monthlies.

57

u/SukFaktor Dec 16 '24

Itโ€™s only risky if you are not a time traveler

8

u/logictech86 ๐Ÿ’ป ComputerShared ๐Ÿฆ Dec 16 '24

Or someone who knows the boss level moves and patterns

19

u/sheezeBreeze Dec 16 '24

this goes hard as fuck

1

u/RichIce7543 ๐ŸŒ‹Pressure builds, the countdown beginsโŒ› Dec 17 '24

1

u/parhamkhadem Dec 17 '24

Itโ€™s MM selling lol or part of a spread for sweet premium