This is just incredible to me. GME stock is trading at roughly $320, and the right to SELL that stock at $200 (an almost 40% drop) costs $5 per share. For an option expiring TOMORROW. Absolutely incredible levels of implied volatility for a stock outside of an earnings announcement window.
1 Like
Sounds good. You’ll need some 
to get your ROFLCOPTER to the moon though.
6 Likes
They own roughly 22m of LMAO that they got for $25,000. The SEC filing also explicitly allows them to use the SPAC to merge with LMFA so unless I am missing something the two outcomes here are:
-LMAO SPAC merges with LMFA probably at a premium (the ownership of the SPAC are mostly the LMFA execs), or,
-LMAO SPAC merges with some other company and then LMFA has 21% of a lottery ticket.
Not 100% sure I have that right but that seems to be what I have been able to figure out.
Take this with a heavy dose of salt, but my friend says that’s complete bullshit. Example: what do you think happens when a big news announcement breaks for say, a new drug that just came out? GME isn’t the first time there has been a heavy volume of buy orders for one stock, and yet this is the first time brokers have pulled this stunt.
Did KOSS halt?
Edit: yes.
What the hell is a KOSS and why is it at 95 when it was under 4 earlier this week?
Shitty headphones company afaik.
Hi Mr. Market, I’d like to order one more GME megapump so I can sell my spread for $2000
ty
Eh, I’m not really gambling with my retirement per se, just using the tax free Roth for high risk gambling.
I’m out of CLVS, lost $100. Feel fine holding BB and NOK for awhile.
it expires today :)
and yes, by far the highest IV I have ever seen, not sure if I’ve ever seen over 600 even for pharma trials or stuff like that
What are you using to pull this data?
One advantage of order flow I haven’t seen mentioned yet ITT is knowing where people’s stoplosses are. Then when the price gets near a cluster of stops, you can target it.
I’m using https://www.aidedtrade.io/ because I somehow got in on a free trial a year ago that never got cancelled
Cheddar flow i’ve heard is really good too but costs 85-95/month https://www.cheddarflow.com/
1 Like
Wow, I was going to correct you with a smart-alecky comment that technically options expire on Saturday but stop trading the day before. An utterly pointless distinction, but one that would allow me to show how smart I am. But it turns out my technical correction has been wrong for 5 years, and I was this close to being both a prick and an incorrect prick:
https://www.cboe.com/exchange_traded_stock/equity_options_spec/
The expiration date for equity options is the Saturday immediately following the third Friday of the expiration month until February 15, 2015. On and after February 15, 2015, the expiration date will be the third Friday of the expiration month.
2 Likes
I’m getting 
on CLVS as well. It ain’t doin anything. But idk if I like LMAO
1 Like
My CLVS options are already worthless, shrug. I think I’m done gambling for now.
I’m going with CCIV for my stock o the day. Upthread someone said that a really smart guy bought 70k of it, sounds like a can’t-lose!
2 Likes
Good lord.
That was me. I have a few option contracts that expire in february. We’ll see what happens.
ETA: I can see how easy it is to manipulate the market.
Buy CCIV
1 Like
I’m not looking for a stonk that does well in February, I want to double my money every day damnit!
2 Likes