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Create 2021-03-11-436-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased-since-March-1st.md

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2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls
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| 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/) |
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[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
<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