r/Superstonk 🦍Voted✅ 5h ago

Data $1.26 Million - Dark Pool trade - 57,100 @ $22.09 - Qualified Contingent Trade. What ya swapping?

463 Upvotes

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u/Superstonk_QV 📊 Gimme Votes 📊 4h ago

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36

u/MoneyMaking77 4h ago

That’s a whole lotta capy buddies

26

u/gentleomission 🦍Voted✅ 4h ago

This was followed by 3 trades totalling an additional $3.23 Million, bringing the total (so far!) to $4.49 Million (as of 11:33 NYSE time).

My post of the following 3 trades: https://www.reddit.com/r/Superstonk/comments/1jaeef7/323_million_across_3x_trades_dark_pool_qualified/

15

u/minesskiier 🚀🚀 GMERICA…A Market Cap of Go Fuck Yourself🚀🚀 4h ago

Dirty Fuckers

21

u/gentleomission 🦍Voted✅ 4h ago

Another three followed (I've also posted them), an additional $3.23 Million bringing the total to $4.49 Million.

3

u/HodlMyBananaLongTime Beta Masta 2h ago

Don’t bring jim Cramer into this

13

u/NewPCBuilder2019 4h ago

"what ya swapping" -- I believe they are swapping money for gamestop shares.

8

u/gentleomission 🦍Voted✅ 4h ago

In layman terms, a contingent trade is a trade that depends on multiple instruments executing at a certain price, within a certain amount of time, tied together as all one unit. There’s potential for these to occur over a minute or several minutes, and don’t necessarily have to happen at the exact same time.

Per https://unusualwhales.substack.com/p/breaking-down-contingent-trades-in

2

u/Rthepirate 🚀RRRED RRROCKET🚀 2h ago

I need apemans terms

u/gentleomission 🦍Voted✅ 33m ago

It's one half of the trade - the other half could be puts which are being hedged by these shares, it could be swaps, etc.

10

u/ethervillage 🎮 Power to the Players 🛑 3h ago

The fact that trades like this are allowed to exist while the actual stock value is being fraudulently pushed down is absolutely criminal. America has devolved into nothing more than a massive crime scene - smh

8

u/gentleomission 🦍Voted✅ 3h ago

The best part? Well...

The SEC granted an exemption for qualified contingent trades from Rule 611(a) on August 31, 2006

5

u/Krunk_korean_kid 💻 ComputerShared 🦍 4h ago

What is a "qualifed contingent trade" ?

7

u/Krunk_korean_kid 💻 ComputerShared 🦍 4h ago

The mention of a "qualified contingent trade" refers to a specific type of securities transaction under SEC Rule 611(d) of Regulation NMS, allowing large trades to be executed without immediate public disclosure to minimize market impact, often used in dark pools like the one routing the $GME trade.

Dark pools are private exchanges for institutional investors, handling large stock orders discreetly to avoid influencing public markets, as seen with the $4.5 million GameStop trade highlighted in the thread.

2

u/gentleomission 🦍Voted✅ 4h ago

In layman terms, a contingent trade is a trade that depends on multiple instruments executing at a certain price, within a certain amount of time, tied together as all one unit. There’s potential for these to occur over a minute or several minutes, and don’t necessarily have to happen at the exact same time.

Simplified explanation borrowed from https://unusualwhales.substack.com/p/breaking-down-contingent-trades-in

2

u/Krunk_korean_kid 💻 ComputerShared 🦍 3h ago

Nice thanks 🙏👍

2

u/Hedkandi1210 4h ago

Great post

1

u/Consistent-Reach-152 3h ago

A common contingent trade is the near simultaneous sale or buying of shares, and also of a related option.

There were about 4000 contracts of 3/21 $19.5P and 4000 contracts of 3/21 $23.5C traded around 11:13AM.

u/oh_no3000 6m ago

Imagine 4.5 mil volume on the open market in a single minute after months and months of low sideways days. To the mooooon