Post by
WeedTheNorth on Jul 15, 2021 11:51am
Fridays Options in the market
CGC and GME are trading an identical pattern today, like most days. This Friday on GME 434,000 puts will expire OTM which corresponds to 43.4 million shares. Shorts have been using them to maintain their short position and with the new OCC rules, they won't be able to buy more puts to offset, they will need to find those shares to borrow. Next week will be explosive for GME and for shares trading with it because the manipulation is about to break. JMO, GL all longs
Comment by
WeedTheNorth on Jul 15, 2021 12:44pm
Smart, make em pay you. Manipulations break like a cable snapping. They will stress it and stress it as long as they can. Buy and hold will end them because leverage always squeezes.