@Jake__Wujastyk I'm an opex dummy, if OI is way lower next week, doesn't that mean huge MM sell from hedge unwind on monday?
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TugginPud
1.3K posts
$GME #Gamestop Meme mania will stop when the "final boss" goes.
The move this week feels like the "warm up" for what comes next week.
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@TheUltimator5 Not an options guru. Given how much lower the OI is next week, the MMs gonna dump their hedges lile mad on monday which means huge sell-off right?
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$25 $GME calls are a problem today.
Even $24 calls are a problem.
Sell pressure heavy
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@PeterRHann1 Not really an options guru. If it closes at let's say 1.9 today, don't MMs unwind all the otm puts and itm call they're hedged for on monday? Much smaller OI for next week, so doen't that mean massive sell-off monday morning? If close above 2, but of a lower sell?
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It gives me a great deal of satisfaction seeing this on a Friday. The option chain will start becoming weaponised to the upside.
Sorry John.
Well, not really.
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AMC Theatres CEO Adam Aron says the company has a “favorable view” of the proposed Paramount-Warner Bros. merger:
“I greatly appreciate David Ellison’s track record of success and his passion to make movies that will dazzle audiences the world over,” Aron said in a statement to the press on Thursday. “In just the short time he has owned Paramount Pictures, he already has begun to assemble a superb team around him and already has been increasing the number of movies being greenlit at Paramount.”
variety.com/2026/film/news…
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@MichaelPBento The question is what does the unwind look like? Puts are so far otm that they don't really have to buy any more back, but still need to make the diff between now and next week. Enough calls itm that they'll unload. I think the unload will push it down to put magnet territory.
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Hahaha imagine thinking the rally is going to continue after OpEx
Financelot@FinanceLancelot
Have you guys ever experienced an 11.7 sigma event before? Well you just did this week, exceeding the top of the dot-com bubble. The cross-sectional standard deviation of annual returns within the S&P 500 Information Technology sector, as of April 15, 2026, dispersion hit 392.93, which sits 11.7 standard deviations above its long-term historical mean (data going back to 1973). For context: The chart draws horizontal lines all the way up to +6 SD. The current spike blows well past the +6 SD line.
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@Tx9Mx @FinanceLancelot Might not be straight manipulation (though it is manipulated). This run has been almost entirely driven by options hedging. There is a massive amount of put OI, price bumped up on ceasefire day, mm's have to buy back shares to stay neutral.
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Have you guys ever experienced an 11.7 sigma event before?
Well you just did this week, exceeding the top of the dot-com bubble.
The cross-sectional standard deviation of annual returns within the S&P 500 Information Technology sector, as of April 15, 2026, dispersion hit 392.93, which sits 11.7 standard deviations above its long-term historical mean (data going back to 1973).
For context: The chart draws horizontal lines all the way up to +6 SD.
The current spike blows well past the +6 SD line.
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@macdeutsche @FinanceLancelot The unwind from opex is going to be massive. Huge otm OI on puts. If it closes high enough in calls tomorrow the sell-off on monday could be substantial. In this market, who tf knows.
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@thisisorlando I don't disagree, but it can also mean that the sellers are letting gamma do its work and drive the price up without much real demand before resuming distribution. I'm not sold on either scenario at this point. Things will become clearer in a week or two.
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Low volume rallies confuse a lot of people 🔉📈
Markets don’t only move higher because buyers rush in..
They also move higher when sellers disappear.
Once weak hands are flushed out, supply dries up.
At that point it doesn’t take massive buying to push prices higher.
Prices can simply grind upward because there’s less stock for sale.
Low volume rallies often mean the selling already happened earlier.
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@MichaelPBento I'm an options guru, so looking for feeedback here. Doesn't the gamma tomorrow and put unwind pull everything up? How much of that massive put unwind rolls into monday? I'm eyeing up buying puts for over the weekend, might wait until monday.
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Tomorrow morning will be the time for Puts, not today.
Watch NFLX earnings drop everything so I don't get my entry.
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@rnewton7777 @SteveR23225571 My financial advisor said the same thing to me, and I asked him if he thought it was better to trade one thing effectively or a thousand things ineffectively and there were cricket noises (this was a year where he made me 12% and I did 30% with my trading account).
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Yesterday somebody commented that I'm bearish because my covered calls are red. I think they might misunderstand how CCs work and also perhaps my mindset.
I'm bullish on GameStop but not at any price. I recognize that price on anything isn't fixed but set by the willingness of a vast number of players to put their money where their mouth is. Meaning, if enough people are bullish vs. bearish, it should rise. However, if enough people are willing to pay the fee to short, they can push it down. So every market becomes a tug of war, whether it is dollars, gold, oil, Pokemon, or GME.
I am very optimistic about GameStop but again, not at any price. Because I've learned a lot since 2021 and 2022 and 2023 and 2024 and even 2025. Not so much about balance sheets or PE or EPS but about human psychology and trading patterns.
Whether it is a technical signal or valuation method like price to book, at some point, somebody will come in and short the thing. And it becomes much more economically viable to short the higher something goes. Buy pressure does relent. Sell pressure accelerates. The tug of war changes direction.
So I look at the situation a lot differently than a lot of people do. It is not that I'm a bear. I'm just cognizant that bears will be more willing to enter the trade once certain conditions are met. And fewer bulls will be willing to commit resources likewise.
But stock going up is not bad for somebody running a covered strangle. Not in the least. I will take the model breaking and stock running 100% of the time over the alternatives. Even if I do lose some shares to assignment in the process. Because I am bullishly positioned with almost my entire net worth on GameStop.
Red calls means I made the right move on buying shares. It just means my insurance policy, the CC, could have been possibly entered at better timing. But I don't regret, because I never regret buying insurance. Stock could have also gone down.
But it is honestly remarkable how forgiving selling calls and puts can be as long as you are patient and discerning when picking strikes and expiries. And happy with the outcomes, whichever way the trade goes.
Let's go GameStop!
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@FoFtyTrader The reason I don't think it invalidates it: the drive up has been almost all gamma driven, I don't think it represents real demand. The same will likely continue tomorrow, then put unwind. After that settles: the real test. All this run has proven is the presence of market forces
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Apr. 16, 2026 Day Trade Plan:
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let me start this post by saying i am very sensitive and aware of moving goal posts - i despise it when i see people do it, and i don't use methodologies that encourage it. this is one of the reasons why i stopped using elliott wave analysis decades ago in the early part of my journey. so i am very careful about the words i am using in what i am about to share
the wyckoff distribution pattern is very close to being invalidated after the massive rally that was detonated on the ceasefire news. as i described weeks ago, i was anticipating a countertrend rally bounce back up as the short positioning was excessively overcrowded. this is why i was not short the market and mostly in cash even as i was still scalping in and out of long uso positions. what i did not anticipate was the size of the rally to new all time highs without any pullbacks. but here we are
so, is the wyckoff distribution from last october invalidated? it will be, if this is not the final UTAD. the recent low we cranked out could have been an mSOW or a minor Sign of Weakness. this low would have punctured underneath the horizontal distribution box before rocketing back up to a new ATH to print the final UTAD. of course, the rally will have to fail for the UTAD to be printed, LPSY to set it, and the MSOW or Major Sign of Weakness to be locked in
the good news is that we don't have to wait much longer given where we are - any price movement much higher, especially if there is a drop and successful retest before moving back up will definitively invalidate the wyckoff. conversely, any major move back down - and it will have to be a swift move all the way back down once it starts - would keep the wyckoff alive
as always, patience is key and refraining from the impulse to front-run and jump the gun is the discipline. once the signals are clear, i will be ready to take action long or short. until then, i continue to remain mostly in cash and just deploy scalp positions for long uso trades
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@LeverageMonkey Based on the gamma I don't think we're done with the upthrust yet. Then there's all the otm puts that will be unwinding. I'm fighting the urge to buy and hold puts over the weekend.
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@TradingHustler @Jake__Wujastyk March 25-30 it went from 6633 to 6316. That's what I'm talking about.
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@TugginPud @Jake__Wujastyk sp500 drops -5% 3 weeks ago? dont think so...
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$GME #GME $31 price target.
First it was $CAR, then $BIRD.
The market is meme-ing. This will have it's day as money rotates to the next "musical chair".
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@TradingHustler @Jake__Wujastyk You talking single day or single run?
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@nakedjockman AMC had a bankruptcy warning in the forward statements of the annual report. How tf would you convince investors that purchasing a company that's holding a mountain of debt and can't turn a profit is a good idea?
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You’re telling me nobody made Adam Aron an offer for AMC?
Because who was going to take on the debt?
Fuck that. Someone wanted AMC.
Someone wanted AMC since Covid was invented. Gabe Plotkin begged daddy Griffin for a bailout because of the best laid plans of mice and men going awry.
Adam Aron knew, he knows, AMC is worth far more than the company is currently valued at.
They tried to kill AMC. Hit piece after hit piece after hit piece. Someone paid for a campaign of bots on every single social platform to attack investors. Someone paid influencers to target AMC. And let’s not forget what has happened to the stock—data gurus will tell you no manipulation but let’s be honest with ourselves.
Streaming was the end of AMC they said.
Nobody goes to theaters anymore they said.
I still think it was Netflix that wanted AMC. They wanted to snatch all the crumbs in bankruptcy court.
But streaming failed. The streamers know it. Now they are churning out movies and GOOD movies that people want to see and doing so to get that huge chuck of profit through theaters. Hours watched doesn’t equate to hundreds of millions made in ticket sales.
So what’s Adam to do? Sell AMC when our market cap goes up? Unlikely—-Adam WILL look out for shareholders in that scenario. He will want top dollar. And unless he gets top dollar, streamers will be forced to now work with AMC—collaborating—and that greatly benefits AMC’s bottom line.
If you can’t beat them, join them. That’s what streamers are now saying.
Now is the turning point that we all waited for—AMC and a huge streamer will combine forces, Netflix possibly, and with AI, we’re about to see a whole new landscape that for the past few years looked barren and now lush, beautiful with @AMCTheatres sitting right at the oasis.
Once the majority of debt is off AMC’s shoulders (and now that looks to be much closer in sight), my oh my oh my what a beautiful company to be invested in.
My tits are jacked.
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@FreeWyckoffs Nobody looks at volume. Everyone glued to candlestick patterns, RSI, and macd.
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HERE WE GO AGAIN! Lmfaaaaooo
Wyckoff Theory - the trading strategy entirely based on volume to price analysis…
And here you go with volume-less storytelling!
This is why I get fucking tilted.
Dumbasses.
Linton Worm (🍏,🪱)@LintonWorm
S&P 500: WYCKOFF IN PROGRESS We just locked the Secondary Test right at the resistance The distribution structure is forming with surgical precision 1. Buying Climax - Behind us 2. Secondary Test - Confirmed at the highs 3. Current State - Expecting a rejection from ATH The range is being built We are looking for the move toward the Upthrust to trap the final liquidity NOTIFS ON!
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@TradingHustler @Jake__Wujastyk It dropped 5% like 3 weeks ago. The last few days it's been correlating almost perfectly with gme and a ton of other stocks. It's like this whole rise has been driven by forced gamma spx buying.
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@TugginPud @Jake__Wujastyk last time when sp500 drop -5% gme pump hundreds %
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@Malone_Wealth How much harder is it to just make your point than to make a post that doesn't make one?
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The next five monthly expirations for GME options has a total open interest of 610k. Tomorrow's has 394k alone. IYKYK.
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@Stickstostocks Might want to have a talk with the company then; their math is quite a bit different
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