[2/4 @ $88 per share] GME - Gamestop stock - anyone following this absolute MEME-HILARITY (now with Elon tweet)

[zinfamous]

It wasn't that they were just shorting the stock, but actually, IIRC, the number of shorted shares was like 120% of all outstanding shares. Which is, I believe, illegal somehow.

not just them, but the entire value of all shares available to the market were floated, I think...but Melvin was the primary holder by far, and the reason for that over-short situation.

 

[sdifox]

GME posts one day 60% gain lol

 

[Charmonium]

So-called "naked shorts" are supposed to be illegal, but . . . . shhhhh

I also found out today that you can create a "synthetic short" with options - from google

Instead of directly shorting a stock, an investor may create a synthetic short stock position by entering into a short position on the call and a long position on the put.

 

[Charmonium]

just fyi, in case anyone is silly enough to try that, a short call position means that you "write" a call for a stock that you don't own. That has to be for a "whole lot" of the stock since options are written in batches of 100 shares.

To write options though, you need special dispensation from the broker and they're very reluctant to grant that, and for good reason.

 

[ISAslot]

i still have my stock from last time 💎✋

 

[sdifox]

E Trade is talking removing Roaring Kitty. They should get rid of all the analysts and fund managers as well then.

E*TRADE considering removing Roaring Kitty (i.e..Keith Gill) off trading platform | Forexlive

Was his comments on Options considered market manipulation

www.forexlive.com

 

[Red Squirrel]

Imagine the NHL removing a player because he is too good and making the other players look bad lol.

 

[zinfamous]

E Trade is talking removing Roaring Kitty. They should get rid of all the analysts and fund managers as well then.

E*TRADE considering removing Roaring Kitty (i.e..Keith Gill) off trading platform | Forexlive

Was his comments on Options considered market manipulation

www.forexlive.com

wait...are they asking if "commenting" about options are market manipulation? lol! the fucking existence of options is market manipulation. fucking assholes.

 

[sdifox]

wait...are they asking if "commenting" about options are market manipulation? lol! the fucking existence of options is market manipulation. fucking assholes.

Yeah like the short funds... Their existence depends on market manipulation.

 

[brianmanahan]

having your own cult is quite profitable

 

[Zeze]

wait...are they asking if "commenting" about options are market manipulation? lol! the fucking existence of options is market manipulation. fucking assholes.

Rules for thee, not for me mofo.

After all the Robinhood fiasco, none of this is actual trading. It's all just a big show for sapping money from retail investors.

 

[Thump553]

Rules for thee, not for me mofo.

After all the Robinhood fiasco, none of this is actual trading. It's all just a big show for sapping money from retail investors.

That has been the way stock exchanges have operated since their inception. Legislators and regulators try to rein that it in with varying degrees of success. In the US we probably have one of the more effective regulatory schemes but is is still a casino and the house always win in the long run.