USA Stocks discussion - Part 2

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MangoTuna65

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CPFuncle said:
Yes, look at the jan29 open interest, if all of them expire in the money , shares must be delivered.

How many shares ? Gme price will go up or down today ?
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1 option is 100 shares right. holy ****, this is gonna be ugly.

12.4K @ 200 strike is already ITM right? Would the shares have already been bought as hedging or do they only get bought near expiry?
 
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JQ2019 said:
Thanks, but to think of it, isn't it scary? broker down, banker down, insurance down? another 2008 crisis???

I think sooner the SEC will need to step in.
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It is scary, but the short sellers and the brokers did this to themselves. If your short bets with infinite risk is turning bad, you're supposed to eat the loss and close the position while you still can.

Your broker is supposed to margin call you and make you eat the loss, if they see that you are not being responsible.

In this case, the shorts lost money, so they doubled down on their bet to try to win. Brokers did nothing to stop them. At the very least, the shorts and the brokerages need to take full responsibility and go bankrupt if necessary, or you're basically telling the market that Wall Street is allowed to take all the risk they want, and never ever lose, because they can just change the rules to force a win, if they made a bad investment bet.
 
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MangoTuna65

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MangoTuna65 said:
1 option is 100 shares right. holy ****, this is gonna be ugly.

12.4K @ 200 strike is already ITM right? Would the shares have already been bought as hedging or do they only get bought near expiry?
Click to expand...

taoYyMR.png


I see this on my IB screen, can someone teach me how to read all this ****? 💩💩💩
 
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TiedInsurer

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MangoTuna65 said:
taoYyMR.png


I see this on my IB screen, can someone teach me how to read all this ****? 💩💩💩
Click to expand...

Left side is call options. Right side is put options. Middle column of numbers is the strike price. Bid, Ask, and Last, you should know. The call options are the problem that is breaking the market right now. ALL options with a strike price that is lower than the GME share price at Friday EOD, are ITM and have to be delivered.
 
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MangoTuna65

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TiedInsurer said:
Left side is call options. Right side is put options. Middle column of numbers is the strike price. Bid, Ask, and Last, you should know. The call options are the problem that is breaking the market right now. ALL options with a strike price that is lower than the GME share price at Friday EOD, are ITM and have to be delivered.
Click to expand...

So I dont see total interest per strike price in that page? where can I see this info?
 
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