From 7bf1ee72941d199f814eb08d7921244e12f8cb3a Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Sun, 6 Jun 2021 08:51:22 -0400 Subject: [PATCH] Create 2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md --- ...lls-have-been-Purchased-since-March-1st.md | 43 +++++++++++++++++++ 1 file changed, 43 insertions(+) create mode 100644 DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md diff --git a/DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md b/DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md new file mode 100644 index 0000000..54231cd --- /dev/null +++ b/DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md @@ -0,0 +1,43 @@ +2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls +================================================================================================ + +| Author | Source | +| :-------------: |:-------------:| +| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/) | + +--- + + +[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1) + +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... + +[![r/GME - 2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls](https://preview.redd.it/6a05lch4sgm61.jpg?width=500&format=pjpg&auto=webp&s=bd6d8e4e82b8b224075ea44468c7461f43e6e61b)](https://preview.redd.it/6a05lch4sgm61.jpg?width=500&format=pjpg&auto=webp&s=bd6d8e4e82b8b224075ea44468c7461f43e6e61b) + +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 + + + +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 + + + +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 + + + +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