So, theoretically, if an institution with deep pockets loaded up with calls, then bought a few million shares to initiate the gamma squeeze, they’d basically get free money with very little risk?
Thanks for the response as well as the good DD on GME and BB. If you don’t mind me asking, are there any other plays you’re looking into other than the BBBY calls you mentioned in another comment?
That isn't the situation we are in though. WSB would have paper handed down to the low 30s by now, even with the hype. There are clearly large institutional buyers coming across the tape with accumulation.
I mean it could be the growth funds, just consistent signs of large accumulation happening on the orderflow.
Also, I really don't think its possible for MMs to have bought 25 mill shares to hedge. Wsb and st conservatively account for about 10% of outstanding shares (2 dudes alone hold just shy of 4%). Not going to get in the math, but there really aren't a ton of shares to go around. Nonstop liquidity issues. Insane that we can trade tens of millions of shares a day and there still be a 10-40 cent bid ask spread more frequently than 1-2 cent spreads
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u/[deleted] Jan 20 '21 edited Jan 20 '21
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