2021.04.14 21:09 CreeyoLeelo Yup, Varo is a joke. Switching to a local bank soon.
They needed my ID and a check to increase the check deposit limit? But I told him it was about future checks… Although it was originally about the stimulus check, because they’re so fucking slow I cashed it elsewhere.
So here was my reply:
Sorry but why do I need to show my ID (which you’ve already seen) and why is my deposit limit $300 when I’ve been with you for years? Isn’t that limit pretty low?Gotta call them out when they don’t make any fucking sense.
2021.04.14 21:09 testing35 What are your favorite emotional scenes?
2021.04.14 21:09 chiefoogabooga GME calls for 4/16. A little nudge and Hedgies R Fukd.
A lot of calls have been added this week on top of what was already the most stacked options week for GME by far. There are no other weeks on the board that are even close to this week. The closest, in July is barely half by volume.
I'll give the quick rundown on calls for the smooth brained and new apes to make sure you understand. A call is an option that gives you the right to buy 100 shares at whatever the strike price is. If your call finishes ITM (In The Money) you can either exercise the call - what DFV is about to do, or sell to close at the delta between the strike call and the value of the shares. For example, we're sitting at about $160 right now, so a $150 call would be ITM for about $10 per share, or $1000.
The important part to understand with calls is that the call sellers hedge those calls (or at least they're supposed to). What a lot of people don't understand is how that process works. The call seller(MM, or Market Maker) basically just uses the Delta of the call to determine how many shares they should buy to hedge. Delta is expressed in decimal figures. So, if the Delta is .50 the MM would hedge with 50 shares out of the 100 that are at risk if the call goes ITM. If a call is already deep ITM the Delta would be 1, so they should have the total 100 shares on hand.
I pulled these when I started writing, they are from around 2:15 pm on 4/14.
If you notice above, the Delta for a 150 call is at .67. So, the MM should have 67 shares on hand at this moment to hedge. They still need to buy 33 to cover completely. But look at the $250 call. It's only at a .09. That means if that call finishes ITM the MM still needs to buy 91 shares. On most stocks the odds of the price rising that rapidly is almost none, but this is MF GME! We know how GME rolls. We may stay flat for a while then have a crazy bounce all at once. The price action today has me thinking we MIGHT be in for a treat. So anyhow, if the price starts rapidly rising those Delta numbers all rise in correlation with it. All the sudden, the MMs are scrambling trying to hedge to where the Delta tells them they should be. All this does is cause the price to rise further, raising the Delta all the way up the chain. This, my smoothbrained friends is the Gamma squeeze. Now to the fun part.
This is the option chain for GME. It doesn't list all of the call strikes because there are a shitload, but it does hit the major strikes. It also has a running total at each price, and the sum total at $800. Yes, that's right. There are 165,168 calls this week! There are 32,468 calls ITM right now. That represents 3,246,800 shares. The deep ITM calls should be 100% hedged, everything above $140 is about 80% hedged on average. The MMs need to buy some shares, but not a ton.
However, what if we crank this price up to $300? At $170 the Delta is .37, so they should have 37 shares on hand per call. At $300 the Delta is only .058, so we'll call it 6 shares per call. I'm not doing all the maths, so we'll just average and say they need to buy just under 80 shares per call on average to hedge if these strikes go ITM. There are 39176 calls between $170 and $300. That's just under 3.1 million shares they would need to buy to hedge between $170 and $300, plus everything still needed to hedge below that, maybe an extra million.
This is where it gets terrifying for the shorts AND the MM, if having to buy 4 million real shares on top of the regular trades, combined with FOMO from rapidly rising prices kicks this thing into high gear, there are an additional 87,285 calls between $300 and $800. Most of which haven't been hedged at all, they're just too far OTM. That would add over 8 million shares to the 4 they already bought. That's over 12 million shares. That's over 25% of the float. And we already own the float...
I'm not trying to get everyone too amped up. It happens when it happens so don't be disappointed if it isn't this week. All I'm saying is if a few big investors gave this thing a little nudge, and other people caught the FOMO, the next two days could be the start of what we've all been waiting for.
I debated between posting this as DD or Hedge Fund Tears. I went with HFT because some people get really finicky with the DD tag. Let me know if it should be changed.
TL;DR The hedgies could be screwed with a little more pressure, but you really should read the whole thing.
submitted by chiefoogabooga to GME [link] [comments]
2021.04.14 21:09 Ketogenic-Marlon How to make Keto Halloumi Bacon Wraps||Off Point Cooking Recipe
|submitted by Ketogenic-Marlon to EasyKetoMeal [link] [comments]|
2021.04.14 21:09 WatttheWatt I have never posted before, but could use some help.
I am 25f and have been using reddit for a while, but never posted anything. Something happened very recently and it's sent me on a bit of a spiral so sorry if this post rambles a bit. I consider myself ace and pan, but lately I've been questioning if I'm aro. I dated in high school, but in college my interest in romance started dwindling and eventually my want to be intimate with people soon followed. I thought they would come back eventually and that I just pushed those feelings aside as I started to seriously struggle with school, but they haven't returned. Recently, two of my good friends started to consider dating. I'm happy for them and I love them both, but I'm starting to feel left out. Everyone seems to want to be in a relationship, they all want romance and I don't think I can ever provide that. I feel like I'll never be enough for anyone. I suppose I'm questioning if the lack of these feelings are normal? I know in the end it's up to me to decide if the aro label is a good fit, but I'm so lost as to how to sort myself out. I imagine that if I ever do get into a relationship I would consider that person my partner, but there would be no romance and probably no intimacy. Isn't that just friendship? Is there something between friendship and romance? It feels like there is only one or the other. I feel a bit lost right now, but it feels better to get it all down. Thank you if you decided to read all of this.
submitted by WatttheWatt to aromantic [link] [comments]
2021.04.14 21:09 Legendary_lamp_ Arrowhead I found in central ohio
|submitted by Legendary_lamp_ to Ohio [link] [comments]|
2021.04.14 21:09 pineapples_lucyidk [F13] hii i made a reddit community for teens from belgium,france,the Netherlands can make friends!
I made this server cuz i always struggle to find friends i can actually hang out with , and yes why wouldnt i just talk to people from school ? Well because i cant im horrible at it so yea join the community if ur from belgium,france,the Netherlands
submitted by pineapples_lucyidk to TeensMeetTeens [link] [comments]
2021.04.14 21:09 JohnnyBigSex69 My neighbours mom is fucking me and it's cringe
2021.04.14 21:09 Beechsad I have no beer but boobs😂!
2021.04.14 21:09 CinderWasp Notorious B.I.G. Potato Chips
|submitted by CinderWasp to mildlyinteresting [link] [comments]|
2021.04.14 21:09 Benjydenjy Daddy dearest
|submitted by Benjydenjy to SENPAI_IS_BESTPAI [link] [comments]|
2021.04.14 21:09 tucodaskullcrusher Other planets only have one accent per country, cockneys terrify them.
2021.04.14 21:09 ApolloxKing Was the Count of St. Germain a real person or was he a myth?
2021.04.14 21:09 TerribleAtDiscGolf Polycarbonate Plate BACK IN STOCK?
2021.04.14 21:09 TooEager8-D Odd claims from a clearly confused individual
|submitted by TooEager8-D to DeepIntoYouTube [link] [comments]|
2021.04.14 21:09 Nikevali [EU] -Veneficus eSports- (-VnF-) is searching for 3 members,
Hello, -Veneficus eSports- (-VnF-) is searching for 3 members,
The minimum requirements for joining this team are the following:
-At least 1600h
-At least level 5 faceit
-At least 15 y/o
We don't need toxic players.
We don't need main awpers
We search for dedicated players with the same objectives like us :
-Improving our gameplay as a team / player
-Road to level 10 on Faceit
-Joining online tournaments
-Get a pro team
We are going to train ourselves at the moment when we are 5 so we can stabilize our playstyle.
Contact methods : HerZoMan#0775 - Discord
u/ValiHZM - Twitter
submitted by Nikevali to RecruitCS [link] [comments]
2021.04.14 21:09 here2dare Anyone watching the 9 O'Clock news?
2021.04.14 21:09 Chibbayyyy Kyra is 11 🎉
|submitted by Chibbayyyy to husky [link] [comments]|
2021.04.14 21:09 DerBruh Does my pfp look like an anime pfp?
2021.04.14 21:09 LostBaloneyRockstar Does this mean it has arrived?
2021.04.14 21:09 AlineDeTel 15F Feeling awkward about my looks, what do you think? What to improve?
|submitted by AlineDeTel to TEENamihot [link] [comments]|
2021.04.14 21:09 TheWrinklyDog Long Line Earring Set – Gold, Rose Gold, or Silver – Line Posts – Gold Lines – Simple Gold Earring – Delicate Minimalist Staple – 14k Studs by MinimalistMagnolia
|submitted by TheWrinklyDog to DamnYam [link] [comments]|
2021.04.14 21:09 AstraCF Question
2021.04.14 21:09 SpotifyPlug69 I’m a yank myself lol, originally from Atlanta and I’ve been living in kennington for the past 3 months. One thing I don’t get is why this dude is held to such a high standard. I don’t wanna sound Agro but I listened to that song full flick and it fully did it for me bruh.... shit was ass
|submitted by SpotifyPlug69 to ukdrill [link] [comments]|
2021.04.14 21:09 Musician_Moneyless Hey Dad, how do I get cow manure off my shoes.
Long story short, I ended up on a dairy farm without the proper shoes. I fed a calf and had to walk through some pretty mucky barns to get there. Naturally, the bottoms and plastic parts of my shoes were caked in manure (luckily none got on the cloth parts). As we were leaving I wiped my shoes off in some grass and got a lot of it off, but I didn’t have any way to get them super clean. It was a bad idea but I left the shoes overnight and now everything is dried and stuck on. It was a super fun day but now my favorite pair of shoes are pretty messy. Any dads know how to clean that mess up?
submitted by Musician_Moneyless to AskDad [link] [comments]