| Author | Source |
|---|---|
| u/Dan_Bren |
What up APES,
Today we are going to have a 2-day update on DEEP ITM calls because I was too busy to make a post yesterday. Thank you to all who were concerned I was gone but…
3/11: 3:38pm 2150 calls purchased from PHLX for $54 million ($12, $15 and $18 calls) (each contract cost roughly 25k for my smooth brained friends) underlying share price - $261.36
https://imgur.com/gallery/nI13Tnt
3/10: 3:33-3:57pm 4500 calls bought out of PHLX for $114 million ($12 and $15 calls) underlying share prices - 263.01, 266.51, 269.51
Edit: Expiration is 4/16/21 on all these calls
https://imgur.com/gallery/An4WEiV
TL;DR Same buyer from PHLX exchange spent $168 million on 6650 DEEP ITM calls in last 2 days. Running total since 3/1 $436.5 million = 27,650 calls
If you didn’t see my last post on my theory for what caused the mega dip go check it out
https://www.reddit.com/r/GME/comments/m276h0/deep_itm_calls_caused_the_mega_dip_new_theory/
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn’t someone saying I think this stock will reach some astronomical price, this is an individuals decision to make a 100MM investment basically into the stock of this company.
We are in good hands now APES
Plot twist: my wife’s boyfriend left her for me
🙌💎 DIAMOND HANDS 🙌💎
Not a financial advisor blah blah you know the deal