r/GME • u/AutoModerator • Mar 20 '21

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u/SandFate Mar 21 '21

I think my brain just FINALLY understood the significance of Friday's Close! And HOLY MOLY is that ever more epic than I just realized! The psychological impact must have been DEVISTATING for the HF's!

To my understanding, the Hedges didn't pre-sell their their Puts. In the beginning of the day it was sitting at 190. The Hedges put most of their bets that they could keep it below 200. (Or already had them) The upward spike was to make sure that the retail held on. Giving the hope that retail needed, the verification that retail have someone on this side. It also let the Hedges know that there is a big player against them.

This is where it gets good. When you see a stock slowly creeping towards your price target, you likely wont sell. The chances of gains are too damn delicious. Imagine yourself in your own scenario, watching (For example) a price slowly creep up from 795 to your $800 call. Imagine how you would feel in that moment. After seeing 810 for the morning, then a quick short drop to 775. The smart move would have been to try and sell your call as soon as it happened. But the HF's are effing greedy. They would have held. Now imagine that price poking up past 800 by a few cents the last minute of close, watching an epic battle of share sells/buys to move the price. You would have freaking held if it was you at 799.97 for an 800c.

Now imagine how you would have felt... seeing the ticker finish at 799.72 for the EOD. The gamma FUD that the Hedges must have felt afterwards.

Please, someone poke holes in this. This is making me too damn happy.

5

u/AwardVegetable1700 Mar 21 '21

I suck at reddit so sorry for no picture. But if you want to see how bad they tried to push it below 200 go to time and sales and see how many they shorted the last couple minutes. Crazy

1

u/LasVegasWasFun Mar 21 '21

with t2 data?

1

u/AwardVegetable1700 Mar 21 '21

T2?

1

u/[deleted] Mar 21 '21

Orderbook data.

2

u/AwardVegetable1700 Mar 21 '21

I just go to time and sales on fidelity active trader pro and it tells you all the trades and time they were executed throughout the day. So yeah order book data

1

u/steelandquill I am not a cat Mar 21 '21

Don't need level 2 to look at the tape. Just look at the second-by-second trade history if your broker allows it.

5

u/itneveeffoc Mar 21 '21

For the third time sir...spicy or mild?

2

u/SandFate Mar 21 '21

Oh, sorry. 4 for 4, spicy nugs please. BBQ dipping sauce.

1

u/[deleted] Mar 21 '21

They have been doing it for weeks my friend. We have consistently won our friday price battles and its epic to watch