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Thanks for explaining it, tbh I hadn’t been paying attention and also don’t know where to find or how to interpret the data you’re talking about. That being sai

Thanks for explaining it, tbh I hadn’t been paying attention and also don’t know where to find or how to interpret the data you’re talking about. That being said, one key assumption you’re making is that there are no motivated sellers. I don’t have the numbers in front of me but institutions own a lot of GME shares, and likely lent their shares to short sellers. As soon as they sell that significantly improves the situation for the call sellers.

vessenes 2y ago
Oh for sure, price rises mean more selling. One sort of unique thing about GME is that a very unusual percentage of holdings seem to be held by ... r/wsb and r/superstonk retail holders, and they have talked themselves into never selling. There are literally videos of Frodo watching a giant green candlestick trade rising out of mordor over there today. So, the social engineering part is a big deal, too. It's not like someone at Susquehanna is like "cool, made my bag, how do we unwind?" In fact, Susquehanna is short here.
- therobots927 2y ago
  That is a good point, but at the same time short % of float is much lower than it was in January 2021, so that’s a headwind that didn’t exist (even though it now has the superstonk tailwind) Anyways I hope you made some money on the move today. How are you accessing L2 data and how did you know how to infer that the calls weren’t hedged and that the call seller was having a hard time hedging?
  - vessenes 2y ago
    Agreed on short interest differences! I did make a little, but just play money. Most serious brokers offer level 2 data on subscription, eg interactive brokers. I’m not a public markets guy so I’ll leave off on trading qs for now, enjoy the ride though.