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Don't you think the honchos at Robinhood got the call from the man last night ? Its a coordinated ban of serfs from buying up AMC GME BB. Its got too hot for th

Don't you think the honchos at Robinhood got the call from the man last night ? Its a coordinated ban of serfs from buying up AMC GME BB. Its got too hot for them.

kasey_junk 6y ago
No I don’t. I think the market makers/internalizers who are normally on the other side of retail trades want no part of the irrationality around these symbols so they pulled their orders. There is no one on the other side of the book so Robinhood can’t execute. It’s standard market dynamics that anyone whose traded before understands. That a bunch of new retail traders are about to learn an expensive lesson on execution/liquidity risk is a normal cycle.
- doytch 6y ago
  The market makers are making _bank_ right now off of the premiums. They're the last people to request a halt.
  - llampx 6y ago
    Umm, no. Every single call option in the chain is ITM. That's suicide for tomorrow, when shares must be delivered.
- fireeyed 6y ago
  I am not a WS insider. I just checked $GME its up 6% as the serfs moved on to other trading platforms. Obviously someone is on the otherside of the trade no ?
  - kasey_junk 6y ago
    That price is based on the last trade to go through on a lit exchange independent of how big it is. I don’t have a full book feed available to see what the book looks like but on my delayed free feed the last few trades were in the 300-700 sized lots. That’s tiny especially if the internalizers have pulled out. My guess is that the book is actually showing some gigantic spread where the lowest sell price with any size is tens of dollars off the highest buy orders. But that’s speculation on my part. [edit] later: just saw a 70k lot clear at $375. Guessing that’s some stops getting hit and clearing that level. The price immediately jumped up over $410. All of this lends credence to my belief that the GME book is crazy one sided and hard to execute into.
luxuryballs 6y ago
Yep, though the man could just be their lawyer saying hey this was our target market so let’s do our own meta risk mitigation here.

Don't you think the honchos at Robinhood got the call from the man last night ? Its a coordinated ban of serfs from buying up AMC GME BB. Its got too hot for them.

kasey_junk 6y ago

No I don’t. I think the market makers/internalizers who are normally on the other side of retail trades want no part of the irrationality around these symbols so they pulled their orders. There is no one on the other side of the book so Robinhood can’t execute. It’s standard market dynamics that anyone whose traded before understands. That a bunch of new retail traders are about to learn an expensive lesson on execution/liquidity risk is a normal cycle.

doytch 6y ago
The market makers are making _bank_ right now off of the premiums. They're the last people to request a halt.
- llampx 6y ago
  Umm, no. Every single call option in the chain is ITM. That's suicide for tomorrow, when shares must be delivered.
fireeyed 6y ago
I am not a WS insider. I just checked $GME its up 6% as the serfs moved on to other trading platforms. Obviously someone is on the otherside of the trade no ?
- kasey_junk 6y ago
  That price is based on the last trade to go through on a lit exchange independent of how big it is. I don’t have a full book feed available to see what the book looks like but on my delayed free feed the last few trades were in the 300-700 sized lots. That’s tiny especially if the internalizers have pulled out. My guess is that the book is actually showing some gigantic spread where the lowest sell price with any size is tens of dollars off the highest buy orders. But that’s speculation on my part. [edit] later: just saw a 70k lot clear at $375. Guessing that’s some stops getting hit and clearing that level. The price immediately jumped up over $410. All of this lends credence to my belief that the GME book is crazy one sided and hard to execute into.

luxuryballs 6y ago

Yep, though the man could just be their lawyer saying hey this was our target market so let’s do our own meta risk mitigation here.