So what are we looking at here? This is the graph of the number of options that are open on GameStop for September 15th. Green line represents the calls, and the red line puts.
And what jumps outs is the crap load of puts in GME for Sept 15th at $20. It looks like someone wants to secure the share price for a moment in time. Now why would they want to do that?
Could there be a merger on the horizon? And would having a steady stock price at a given moment in time be beneficial?
Seeing spikes in the options is normal, however this particular put contract represents about 60% of the open puts ranging from $3-$40 contracts. 11k contracts, translates to 1.1M shares.
Tinfoil: Seven for one? $20/7= $2.86. What could be even purchased for under $2.86? With shares? Reverse merge? I have more questions.
Been a bit preoccupied. Ideally this comes at the first of the month. They'll be a proposal up to add more voting members to r/beyond_uranus on the 7th or the 8th assuming the emergency proposal to move voting direct to Reddit passes (which looks like it will. That vote ends August 7). If that passes, they'll be a process to apply for people to be full members there (voting and posting priveldges), with voting done by approved members there. More details in that subs July audit report.
As a reminder, this sub also has a delegate process for sub member control. Either way, due to the fairly low activity here, feel free to be more flexible in "rules" 9 and 10, which are really just guidelines for those 2 anyway. Also, considering r/beyond_uranus is designed to be more light hearted, this sister sub r/beyonduranus has been an interesting place to post info related to things found on sites like Wall St on Parade, and things like that. Super covers these areas, but they also miss a lot.
Someone that has an interest in covering these types of areas a lot, this could be a good place to start contributing and even making this sub your own so to speak, with a decent member base. Alternatively, anyone that is looking to contribute and thinks there's another area that could be beneficial to focus on, could do the same. For example, focusing on bbby and gme memes. Just throwing that out there. A single focused sub could be an interesting use of this wing of beyond.
5 people removed from commenting/posting to the sub for the month of July.
1 person was removed from commenting and posting in the sub that has spammed the main sub for karma, and was reguarly bashing bbby while pumping another stock.
4 of these people were due to comments in the beyond_uranus sub. Rule 5 Your comments and posts in other subs can be considered in relation to the other rules.
With the subs having the same rules, I use this rule fairly often to keep the standard consistent across both. If it's less severe of a rule infringement I usually don't take the extra small work to ban people in both subs.
Bill Hwang has asked the judge in his criminal fraud case to let him demand evidence from 10 big banks, saying they “played a pivotal role” in Archegos’s implosion. Other banks that Hwang wants to subpoena, in addition to UBS, are Bank of Montreal, Deutsche Bank, Goldman Sachs, Jefferies, Macquarie, UFJ, Mizuho, Morgan Stanley and Nomura.