Create 2021-06-11-Live-Charting.md

Duplicate entry

00-Getting-Started/2021-05-16-Clarifying-Market-Limit-and-Stop-Orders.md

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+Dispelling & Denouncing Wardens Fud | Market, Limit, Stop Orders
+================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/jsmar18](https://www.reddit.com/user/jsmar18/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/) | 
+
+---
+
+
+[🚀 Moderator 🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&restrict_sr=1)
+
+Well, that happened quickly.
+
+I personally denounce [u/WardenElite](https://www.reddit.com/u/WardenElite/) for his behavior. You don't call this epic community "idiots", you don't try and make money off of us, and you don't write half-assed posts that are clearly FUD when you're in a respected position.
+
+Let's clarify the largest thing that many picked up and noted in his most recent post.
+
+Stop Order
+
+Don't use them, it's as simple as that. I have no idea what mindset he was in when he was typing that up, but it's very much talking like a day trader re the use of stop losses. Guess what we don't do? Day trade, we buy and HODL.
+
+The mere fact of mentioning using stop orders will exacerbate the issue he is talking about in regards to stop loss hunting. The best way to avoid the situation he describes? Don't use a stop loss.
+
+Limit Order
+
+The largest negative about limit orders, add liquidity orders among others is execution risk. He mentions this and it's not wrong.
+
+I think it's wise that everyone knows the risk of using a limit order, but not so you don't use it. Understanding the risk helps us know how to use it but be aware of how to better set the price of a limit order in certain market conditions.
+
+Example: Oh shit it's moving fast (in either direction), i'll make sure to set the limit so it's further away from the spread instead of right next to it which is where the execution risk is the highest.
+
+Market Order
+
+I'm pretty sure I was the first to ask apes to use different order types than just ye old Market Order, so i'll say that if the market conditions are truly moving too fast as warden pointed out in his post (and really badly FUD like at that....) you could get burned using a limit.
+
+Conclusion
+
+So use them wrinkles, limit orders are the best option, if the market conditions are really that bad, use your judgment as it might be better to use a market order. But with your new knowledge on the execution risk of limit sells, you should be fine in my eyes.
+
+Don't use stop orders.
+
+Not financial advice.
+
+Edit: Just want to say not to continue attacking him. It's all done and dealt with, so let's move on from the drama. He's young, he fucked up, he has now received a life lesson that he hopefully evolve from.
+
+Edit: Been seeing questions pop up re broker limitations, e.g. eTorro. When I get back home I'll add in an update regarding my thoughts on that.
+
+Round Two
+
+Back home (and just finished handmaid's tale season 3 - recommend), sorry for the wait. There have been two themes, the first being broker limitations on order types and the second being Stop-Limit orders.
+
+Stop-Limit Orders
+
+Similar in name to a stop-loss order, but they are different. The main being that stop-loss guarantees execution (trade-off of price slippage, resulting in orders being filled below strike price).
+
+Better to explain stop-limit through an example:
+
+> <Random Ticker> is at $190, you wanna buy, you place a stop-limit order to buy with a stop price of $200 and a limit price of $210. If the price goes above the stop price, the order is activated and it's now a limit order. If <Random Ticker> gaps up, above the limit price, the order will not be filled.
+
+Flip it around for the sell-side logic. Execution risk again being the main thing to understand. But understanding the risks and how to use various orders is all about adding tools to your arsenal. Know when to use what and in which situation.
+
+Also, develop that wrinkle further with some [more reading](https://www.investopedia.com/terms/s/stop-limitorder.asp).
+
+Brokers
+
+eTorro is widely being asked regarding their order types, I don't use eTorro so I'm uncomfortable commenting on them directly. But I'll give you some non-financial advice that is generalizable to every single broker.
+
+Identify what order types are available to you, google their definition and understand how each functions. If you feel restricted, sure move brokers (obviously risky, given the squeeze feels closer than ever) to a broker that offers more order types. Else you're stuck with what you've got, learn your options, understand them and make/amend an exit plan that includes your newfound knowledge.

00-Getting-Started/2021-06-01-Game-Stop-Power-to-the-Apes.md

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+🎮 Game Stop 🛑
+===============
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) | 
+
+---
+
+[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+🎮 Game Stop 🛑 Power to the Apes
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/ki5gi2o2qk271.png?width=849&format=png&auto=webp&s=14d8d6340fdeaeb6a31770af0351c9a74b2c7338)](https://preview.redd.it/ki5gi2o2qk271.png?width=849&format=png&auto=webp&s=14d8d6340fdeaeb6a31770af0351c9a74b2c7338)
+
+You stay stonky, San Diago.
+
+Moderator Promotions
+
+I am so very happy to announce that we have promoted two moderators to Full Permissions. This effectively puts them in the same moderator power level as [u/rensole](https://www.reddit.com/u/rensole/) and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). While Reddit's hierarchy still remains the same, these two will now have access to Community Settings and Full Permissions, giving them the ability to adjust site settings, give moderator awards, add and remove mods, and much more, but overall will be seen as top authorities in the moderator team.
+
+-   [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
+
+    -   BT been with us since [r/GME](https://www.reddit.com/r/GME/) days (he wrote the [r/GME](https://www.reddit.com/r/GME/) FAQ) and has been a critical mod at [r/Superstonk](https://www.reddit.com/r/Superstonk/). His steadfast work ethic, dedication to the community, strong skills and relationships with the other mods, and his ethical stature are all key aspects of why we feel this promotion is warranted. He has also been very active in our mod chat, and has helped to keep the peace and mediate disagreements for the betterment of all mods and the community at large.
+
+-   [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/)
+
+    -   Pink has been dedicated to this subreddit since her addition as mod. She has become a beloved friend to many of us, and I think she brings invaluable insight and purpose to the mod team as well as the community. She has demonstrated her worth time and time again with tireless work ethic, dedication to the ape community, and close relationships that no doubt will strengthen them both as it emanates outward to the rest of us.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/uc3wcx5tok271.jpg?width=1600&format=pjpg&auto=webp&s=bed62b2f34bf0426b372e99eafbcf9c8f5c4e4af)](https://preview.redd.it/uc3wcx5tok271.jpg?width=1600&format=pjpg&auto=webp&s=bed62b2f34bf0426b372e99eafbcf9c8f5c4e4af)
+
+Apes Together Strong
+
+I think this could also mark an evolutionary transition for [r/Superstonk](https://www.reddit.com/r/Superstonk/) in terms of moderator structuring and the scope of the sub itself. When [u/rensole](https://www.reddit.com/u/rensole/) and I were at [r/GME](https://www.reddit.com/r/GME/), all mods had Full Permissions. This actually caused a lot of issues since some mods abused those permissions, and it effectively led to the migration from the sub. As a result, we have been very careful with who we give permissions to in an attempt to prevent catastrophe. It's worked so far, but we feel it is time to expand permissions to those deserving.
+
+[u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) and [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) have tirelessly worked for the growth and integrity of [r/Superstonk](https://www.reddit.com/r/Superstonk/), and I have come to trust them and love them as fellow apes and friends in this journey. I have no qualms promoting them both to Full Permissions admin-level roles. We hope they can assist us heavily in acting as authorities for the sub and in leading the mod team and ape community as a whole into the future. This is very much deserved, so please make sure to give them serious congratulations. 💎💎💎 CONGRATULATIONS 💎💎💎
+
+MOASS Defense
+
+Over the past few months, as far back as my tenure at [r/GME](https://www.reddit.com/r/GME/), there have been questions about the MOASS and how we would protect the sub in the event of a cataclysmic series of events. Ever since, we have been working with a special team of wrinkle-brained apes, and the mods, to develop a solution to this inevitable outcome.
+
+I am proud to announce that this solution is finally ready for implementation, and today it received a majority-vote from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) mod team, and is therefore approved and now being implemented.
+
+This plan will address the following concerns:
+
+1.  How will we defend against the onslaught of new members from the MOASS?
+
+2.  How are we going to protect against incoming FUD attacks?
+
+3.  How do we discourage a sub split effort?
+
+4.  How do we allow those hurt by age/karma limits to remain included?
+
+5.  What has Red been alluding to for the past two months?
+
+To answer these concerns, we have worked diligently to come up with a multi-faceted plan that will no doubt secure the subreddit for the foreseen future. But first, I should introduce you to a little secret we mods have been keeping from you all... don't worry, we kept it secret for one particular and very important purpose: to study unsuspecting shills.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/7iomr9b6pk271.png?width=553&format=png&auto=webp&s=96e57d4a390575613e487e76ff99d68e41c03d36)](https://preview.redd.it/7iomr9b6pk271.png?width=553&format=png&auto=webp&s=96e57d4a390575613e487e76ff99d68e41c03d36)
+
+My cat on my laptop: "I'm in."
+
+Please read this message:
+
+Greetings to all Ape-Kind! I'm [u/grungromp](https://www.reddit.com/u/grungromp/).
+
+Strap in. We've got a lot of text to get through.
+
+Back in March, some Apes who have some brain wrinkles about behavior got together with some Apes who know how to use computers real good to try and develop a method of countering the invasion of nefarious actors trying to spread FUD to our community. We contacted the mods on [r/gme](https://www.reddit.com/r/gme/) to see if the project would be of worth and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) responded with emphatic support. Upon the Great Ape Migration to [r/Superstonk](https://www.reddit.com/r/Superstonk/), she invited us to continue our work with her direct involvement here.
+
+With the behind the scenes view we were given of the sub, we've been working over the past three months to put together a system of shill detection. We wanted this to be the proverbial headshot, and needed to make sure we limited collateral damage to Apes, while also not giving shills time to adapt. We sincerely wish we'd been able to be faster about it, but we were literally generating this project from the ground up, as (to our awareness) no one has ever attempted something like this before, or even had the need to.
+
+Before we describe the project, we'd like to offer you a bit of insight into what we've been seeing with the sub over the past week to establish the need, if it hasn't already been obvious to the average Ape.
+
+The age and karma restrictions were originally put into place on [r/superstonk](https://www.reddit.com/r/superstonk/) on April 25. This prohibited comments from accounts under 30 days old, and posts from accounts under 60. We realized this meant that on May 25th, accounts that had been created on and around the day the restrictions were put in place would be able to start a massive FUD campaign.
+
+We were right.
+
+In the last week, the amount of accounts posting in the sub whom we have been able to identify as shills has increased at least 8 times. Where we were seeing 3 in 100 suspicious looking posts and accounts at times previously, over the past week that number has jumped to 24 in 100.
+
+With that in mind, we have decided that now is the moment to make our stand.
+
+We'd like to introduce you all to Satori.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/072qgrnnck271.png?width=2084&format=png&auto=webp&s=791923e8726db74fc069a80ad400717cc306b1b0)](https://preview.redd.it/072qgrnnck271.png?width=2084&format=png&auto=webp&s=791923e8726db74fc069a80ad400717cc306b1b0)
+
+Shorting shills since 2021.
+
+One of the greatest advantages the hedge funds have had over us during this entire process is the ability to manipulate the market by using technology that we don't have access to. High frequency trading and algorithms have put a pretty massive finger on the scales to tip the markets in their favor. That is why we feel that Satori is so important and could be such a boon to the Ape community. This evens the playing field, giving us the advantage of advanced technological analysis on our home court. In essence, this allows us to "Short the Shills." They have no idea that this is coming. And they are not prepared.
+
+A few points of import about Satori and it's capabilities
+
+-   As with our analysis of GME as a stock, Satori functions almost entirely with publicly available information. Every possible publicly seen feature of Reddit is included to some degree. While we do utilize some privileged information from the Moderation team, that is the extent of our data gathering. We do not have access to private chats, ip addresses, or anything that is not available to public view.
+
+-   Satori is designed to analyze every single poster in [r/Superstonk](https://www.reddit.com/r/Superstonk/) and generate a confidence interval of how likely they are to be a shill. The higher the score, the more likely the account is a shill. That information will be given to the Mods in order to inform their plans and decision making. It will not be public information. However, it is important to note that the system is designed to identify bad actors based on their actions. Just because an account hasn't posted anything shilly YET doesn't mean they never will. Therefore, a low "Shill Score™" is not considered a guarantee of Ape-ness. Do not assume that anyone posting has been granted an "all clear."
+
+-   As is the case with all human activity, shilling isn't a black and white issue. There is a chance of error on both ends, both shills that will go undetected as well as real Apes who are flagged as suspicious. It's a truth that we're aware of, and we've taken as much time as we could to be as accurate as possible. We have worked with the mod team and recommended several steps for mitigating this after implementation.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/cyfxillrgk271.png?width=953&format=png&auto=webp&s=f1983c2fbefe8b7fb1d54224ea47687d86869ba8)](https://preview.redd.it/cyfxillrgk271.png?width=953&format=png&auto=webp&s=f1983c2fbefe8b7fb1d54224ea47687d86869ba8)
+
+Satori (覚, "consciousness") in Japanese folklore are mind-reading monkey-like monsters ("yōkai") said to dwell within the mountains of Hida and Mino.
+
+-   Satori is NOT designed to detect and identify negative sentiment toward GME. It is NOT designed to shut down criticism of the stock or DD. It is NOT simply a method to amplify any echo chamber effect. Continue to doubt, research, and criticize, as has been the mantra of our community since its inception. Our only aim is to contribute to making [r/Superstonk](https://www.reddit.com/r/Superstonk/) a platform where Apes can freely discuss GME and share memes by counteracting bad actors who want to disrupt our community for nefarious purposes.
+
+-   We are aware that transparency and sharing of information is an essential part of the Ape community. However, we are not going to be revealing the specifics of our tech, nor the metrics which it uses to analyze the content of the sub. This information may come out eventually, likely post MOASS, but if we were to give specifics in order to make an appeal to the idea of transparency, we would be handing a manual to the shills on exactly how to behave to hide from our mind reading monkey machine. Please understand that Satori has been tested and vetted in hundreds of iterations to arrive at this point, and that the Mods have seen and approved of our methods and will keep oversight over every change and decision.
+
+-   We will leave it to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) and the mod group to describe the implementation process and how the technology will be utilized. But know that our team's tits are jacked to levels unheard of before at the fact that we finally get to deploy our virtual psychic primate.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/31z3goqzgk271.jpg?width=343&format=pjpg&auto=webp&s=9b77ee83ae72fca8accdb3bd9ca0c96b4ccf1829)](https://preview.redd.it/31z3goqzgk271.jpg?width=343&format=pjpg&auto=webp&s=9b77ee83ae72fca8accdb3bd9ca0c96b4ccf1829)
+
+"I see... I see... I see a lot of shadow marketing companies freaking out."
+
+While we have yet to use Satori for sweeping changes on the sub, the mod team has already utilized it at various points. In smaller instances, Satori has already been used to see and identify FUD campaigns, target suspicious users, and plan specific moves and posts within the community. While those instances have been helpful, we recognize the potential for what Satori is capable of is so much greater, and now is our time to utilize it to it's capacity.
+
+With all that new information presented to you, we do have one small request. This is brand new. There will be some bumps along the way. We've done our best to see and plan for every possible outcome, but we are aware that we will have missed some things. It will be a bit messy as we get things up and running. You have our promise that we will continue to refine our processes and do whatever is needed to ensure this community has the protection it deserves in the face of what we're dealing with.
+
+We don't mean to wax hyperbolic, but this may be one of the most powerful pieces of technology developed in history that deals specifically with community analysis and management. It's been grassroots created by Apes, for Apes, and, to our knowledge, no one else has ever developed anything like this. Apes are now in possession of an asset that gives us autonomy and power that few other online communities have ever come close to harnessing. We've taken punch after punch from the hedgies; shills, infiltrators, propaganda, media manipulation, and market manipulation. Our team could not be more proud of the way this incredible community has taken every blow and got back to our hairy, prehensile feet.
+
+But now? We have a way to counter punch. Hard. And we will do it with a nuke dropped off our rocket as we leave Earth's atmosphere on our way to the stars.
+
+In the words of Ryan Cohen: R.I.P. Dumb Asses
+
+Apes Strong Together
+
+Buy. Hodl. Vote. Fight.
+
+---
+
+Note from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**:**
+
+Satori was created and developed by a team that was largely kept private for over two months now. This team includes [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/), [u/grungromp](https://www.reddit.com/u/grungromp/), and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/). I have personally worked with them since before the [r/Superstonk](https://www.reddit.com/r/Superstonk/) migration from [r/GME](https://www.reddit.com/r/GME/), and can say they have become some of my most trusted friends.
+
+[u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) was also added awhile back as a mod to incorporate moderator-level data into the information-gathering aspects of Satori, thus allowing the mod team to talk to him directly and help provide shill data for the system. Catto has officially accepted a full-time mod role with general moderator permissions, and we are looking forward to continuing this project and fostering a deeper relationship between the Satori team and the moderator team.
+
+TL;DR: [r/Superstonk](https://www.reddit.com/r/Superstonk/) has an intelligence division.
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/nechp7j0dk271.jpg?width=2400&format=pjpg&auto=webp&s=bd6ba796a7eef2dc785b89595ae5bdf855969ffd)](https://preview.redd.it/nechp7j0dk271.jpg?width=2400&format=pjpg&auto=webp&s=bd6ba796a7eef2dc785b89595ae5bdf855969ffd)
+
+Asta la vista, baby.
+
+The Plan
+
+-   Increase karma and age filters
+
+    -   Posts : 60 days / 500 karma ---> 120 days / 2000 karma
+
+        -   Accounts will need have been created earlier than February 1, 2021
+
+    -   Comments: 30 days / 250 karma ---> 60 days / 500 karma
+
+        -   Accounts will need to have been created earlier than April 1, 2021
+
+        -   Note: Superstonk Migration was April 4, 2021
+
+    -   These limits will need to scale as time progresses; until the MOASS; while we hone and implement this program for total effectiveness.
+
+    -   These limits will be implemented on June 1, 2021 sometime throughout the day.
+
+-   Activate *Satori*
+
+    -   The immediate goal of Satori is to make sure that true apes are not locked out due to the increased restrictions. However, bans are an automated capability.
+
+    -   "Mod-bots" will be added to the mod team and given approve and ban permissions, and then programmed to automate the approval or ban process via a generated list of users.
+
+    -   [u/Satori-Blue-Shell](https://www.reddit.com/u/Satori-Blue-Shell/) is currently the only mod-bot added and is actively Approving members
+
+    -   APPROVALS - All users who were created after the Blip (end of January) and are not on the high risk list of users, with be added to the Approved Users in waves. By being added as Approved Users, they will bypass the karma and age filters. This will actively allow MORE true apes to participate in the sub.
+
+    -   BANS - Mods will receive spreadsheets of high risk users, where they can approve or deny users, and then these lists will be implemented for automated implementation.
+
+-   Mods will officially now be allowed to Approve users they trust in addition to Satori
+
+    -   Previously, we did not allow approving users because we suspected some foul play associated with that. Now, however, due to the sheer volume of approvals, we feel confident that we can add this to our arsenal of methods to protect apes in [r/Superstonk](https://www.reddit.com/r/Superstonk/).
+
+-   Minimize Fallout
+
+    -   This plan prioritizes the positive aspects of Satori over the negative, and allows mod oversight on the bans process. Halting Satori is as simple as removing permissions from the mod-bot.
+
+    -   Many of you who couldn't post due to age and karma limits, will now will be able to, once added to the Approved Users list. If you are not added, please be patient, as we are currently approving in waves.
+
+    -   This will incentivize good behavior, because apes will not want to lose their approved status, or will want to earn it in the first place. Overall, we are essentially making it harder to post and comment on Superstonk, and then rewarding loyal apes with approvals that allow them to post or comment without any restrictions.
+
+    -   Therefore, I am convinced this will make [r/Superstonk](https://www.reddit.com/r/Superstonk/) a better experience for true apes, while making it a nightmare for the imposters and shills.
+
+*Please note that Satori does not have access to private chats, discords, or other private aspects of your account and it is currently limited to Reddit. We only scan publicly available content as well as what can be seen from a moderator perspective, which primarily includes removed posts and comments. We respect your privacy, and are merely utilizing the same levels of intel used against us to even the playing field.*
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/broy2hwpck271.jpg?width=750&format=pjpg&auto=webp&s=a4e50c469e37c5bb980c02927d5ed0bb10f0b761)](https://preview.redd.it/broy2hwpck271.jpg?width=750&format=pjpg&auto=webp&s=a4e50c469e37c5bb980c02927d5ed0bb10f0b761)
+
+Shillpocalypse (by u/grungromp)
+
+With two new admin-level mods to help keep oversight, and with such an incredible software creation by the Satori team, we are poised to not only defend against the constant FUD, shills, and MOASS popularity, but also to remain a secure and reliable source of knowledge sharing - forever.
+
+I don't want to say we will never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) ... but we'll never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/). Satori is the first of many projects that utilize modern technology to advance our capabilities as a subreddit. I am excited for some of the other projects already in the pipeline. Stay tuned - this is definitely as exciting as it sounds.
+
+Latest News You May Have Missed
+
+-   [Voting Information](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) - You can VOTE with your GameStop shares for the upcoming shareholder meeting on June 9th. The final deadline to vote is June 8th.
+
+-   [Official AMA Question Thread](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/) for Lucy Komisar and Wes Christian - Wednesday June 2, 2021 at 4:30 PM Eastern
+
+-   New Awards:
+
+    -   [The Superstonk Award](https://www.reddit.com/r/Superstonk/comments/nlz1ph/the_superstonk_award/) - Can be gifted by any member for 500 coins (sub receives 100 coins)
+
+    -   Moderator Award: [Not-A-Cat Golden Bananya Award](https://www.reddit.com/r/Superstonk/comments/noex1z/announcement_new_community_moderator_award/) - Can be gifted only by moderators for 1800 sub bank coins, which gives the recipient Premium (700 coins per month, plus perks.
+
+To the Moon!
+
+I hope you all had a great weekend and a great Memorial Day holiday. Let's pack our bananas and buckle up, because this rocket is starting to smell a LOT like rocket fuel. I still haven't sold a single share of $GME, and I plan to HODL until Andromeda.
+
+Let's also remember to be kind to each other. Ape not fight ape. Apes together strong!
+
+We're almost there. Let's go 🚀🚀🚀
+
+[![r/Superstonk - 🎮 Game Stop 🛑](https://preview.redd.it/za5vhcbupk271.jpg?width=3840&format=pjpg&auto=webp&s=a34e38a843f573c5b4ec4b5d615567fa7b92f81b)](https://preview.redd.it/za5vhcbupk271.jpg?width=3840&format=pjpg&auto=webp&s=a34e38a843f573c5b4ec4b5d615567fa7b92f81b)
+
+Art by YoungbloodAA
+
+TL;DR: [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) are now Full Permissions mods. Karma and Age limits are going way up, but basically Shillnet is approving users in periodic waves based on behavior over the past few months. Approved users bypass karma/age limits entirely. Sub is secured for MOASS. Pack your not-a-cat bananyas.
+
+--- 
+
+## Satori FAQs
+Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏
+
+E: spacing; potnetial->potential
+
+Q: I haven't been approved yet, does that make me a shill?
+
+A: No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.
+
+Q: What if the new bot overlords get carried away?
+
+A: I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.
+
+Q: How long will it take Satori to get through the waves of approvals?
+
+A: Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.
+
+E: > -> ?
+
+Q: Does Satori work retroactively or will it just look at the content on Superstonk moving forward?
+
+A: Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.
+
+Q: How does approval work? Do I need to do anything?
+
+A: Just sit back and relax. Approval will come automatically; no action is required.
+
+Q: Why was Satori approved without unanimous approval from the mods?
+
+A: This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.
+
+Q: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned?
+
+A: The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.
+
+Q: What sort of transparency exists between mods for how Satori is used?
+
+A: All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.
+
+Q: Will Satori continue monitoring users after they have been approved?
+
+A: Yes. Yes it will.
+
+Q: If Satori is going to be banning users, should we expect to see a drop in membership?
+
+A: This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.
+
+Q: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.?
+
+A: ~~I'm honestly not sure, but as I have mentioned in the comments, I'll speak with the dev and mod teams tomorrow and see if this is possible without spoiling the magic. Stay tuned~~. The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.
+
+Q: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)?
+
+A: ~~I'm honestly not sure. I've never had an issue with either of those factors, personally, so I never bothered to look into it. I'll update this answer once I find out from one of the more experienced mods~~. This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.
+
+Q: How do I know if I am approved?
+
+A: Apes will receive a notification saying as much.

00-Getting-Started/2021-06-04-Ape-Security-Protocols.md

@@ -0,0 +1,49 @@
+Ape Security Protocols
+======================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) | 
+
+---
+
+
+[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator.
+
+This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward.
+
+[010101ook1010011ookook](https://preview.redd.it/pcpakt2xmb371.png?width=640&format=png&auto=webp&s=02d9efc0b74e6037456174a9bb2401110736f822)
+
+Here are some tips for keeping your account secure:
+
+1.  Use an email or Google/Apple account that does not match your username. Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts.
+
+2.  [Enable TFA / 2FA (Two Factor Authentication)](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately.
+
+3.  Be very careful with messages received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward.
+
+4.  Use a [VPN service](https://www.pcmag.com/picks/the-best-vpn-services) (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts.
+
+5.  Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain.
+
+6.  If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/).
+
+Why would they target us?
+
+Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use.
+
+Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks.
+
+Please leave comments if I missed anything and I will try to make sure I see it and update this post.
+
+Let's make sure the rocket isn't sabotaged. *Moon soon.*
+
+[o7 fly safe, fellow apes](https://i.redd.it/lmov6v9mmb371.gif)
+
+Edit: [u/FordicusMaximus](https://www.reddit.com/u/FordicusMaximus/) shared [this link](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/)for additional security options.
+
+Edit 2: [u/Gremayre](https://www.reddit.com/u/Gremayre/) provided [a comic on how password strength works](https://xkcd.com/936/).
+
+Edit 3: [u/xfan10](https://www.reddit.com/u/xfan10/) shared this: Password managers should be mentioned like 1Password. You can use the password generator built inside of it. Can go up to 100 characters randomized. No need to remember it. To take it to the next level, Reddit supports Yubico/Yubikey which means you have to physically be next to the USB key to log in via finger touch. So people trying to login elsewhere will not work even if your password is 'password123'

00-Getting-Started/2021-06-06-Financial-Analyis-Crash-Course.md

@@ -0,0 +1,188 @@
+IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS
+========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JohnnyGrey](https://www.reddit.com/user/JohnnyGrey/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntriid/ignited_financial_analysis_crash_course_what_to/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Hello you beautiful bastards. Since the Q1 results are right around the corner, I thought I could share some of my limited financial analysis knowledge with you. I know your tits are as jacked as your brains are smooth, so bear with me. This will be fun, I promise!
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/yie61c2ako371.jpg?width=1289&format=pjpg&auto=webp&s=d6e4b460995a0b1adf7e59a1a5f2f89d83f569f0)](https://preview.redd.it/yie61c2ako371.jpg?width=1289&format=pjpg&auto=webp&s=d6e4b460995a0b1adf7e59a1a5f2f89d83f569f0)
+
+And on we go...
+
+Let's start with the Balance Sheet.
+
+What is a Balance Sheet?
+
+Just like you take a selfie and post it on your social media, a Balance Sheet is basically a snapshot of a company at a given point in time. It shows the company's Assets, Liabilities and Equity (The relation between these three is : Assets = Liabilities + Equity). In short: What the company owns and what the company owes. Pretty simple right? That's fucking right, we got this!
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/0dsflzgmko371.jpg?width=500&format=pjpg&auto=webp&s=367a777a7394eadff953c0c8ef1e3cd4912cb5bc)](https://preview.redd.it/0dsflzgmko371.jpg?width=500&format=pjpg&auto=webp&s=367a777a7394eadff953c0c8ef1e3cd4912cb5bc)
+
+IGNITED BREAKDOWN OF THE BALANCE SHEET
+
+The Balance Sheet, as I was saying earlier, is split in the company's Assets and Liabilities + Equity. The order each of these appear in any Balance Sheet is usually: Current assets -> Non-Current assets -> Current Liabilities -> Non-Current Liabilities -> Equity. Sometimes the Equity comes before the Current and Non-Current Liabilities. It depends on the FS format.
+
+Let's see what each of these items consists of, and give a simple description for each component:
+
+Current assets - these are the most liquid assets that GameStop has. Think of them as the easiest stuff you can sell for cash $$. The current assets in the case of GS are the following:
+
+-   Cash and cash equivalents - money and stuff that can be most easily converted to money
+
+-   Restricted cash - consists primarily of bank deposits that collateralize the Company's obligations to vendors and landlords (guarantees in the form of cash)
+
+-   Receivables, net - Money that is due to GameStop from customers, from sales of goods/services
+
+-   Merchandise inventories - inventories of physical goods (games, consoles, collectibles etc.)
+
+-   Prepaid expenses and other current assets - Pretty straightforward
+
+-   Assets-held-for-sale - The Company's corporate aircraft which was sold in 2020 for $8.6M
+
+Whenever I look at current assets I am very, very interested in Cash and cash equivalents, Receivables and Inventories. Preferably, a company has little to no inventories, a lot of receivables (with a good DSO - we'll talk about this another time) and a lot of cash. Let's remember "CASH IS KING". If a company has cash, it can meet short term debt obligations or expand/transform/invest. Having money is always a good thing because it gives you the ability to continue growing, to pivot to a different business model or to survive in case of an unforeseen event (such as the COVID 19 pandemic).
+
+[](https://preview.redd.it/dv55mf61lo371.gif?format=mp4&s=67bfc499aed7e0574a6a3bd753a684ca408b5295)
+
+CASH IS KING
+
+Non-Current assets - these are assets that are not so easily converted to cash:
+
+-   Property, plant and equipment (PPT) - the loads of buildings, land and equipment that GameStop has.
+
+-   Operating lease right-of-use assets - all contracts that permit the use of an asset but do not convey ownership rights of the asset. Not sure what more to say about this, as it is not detailed in the GS Financial Statements Notes.
+
+-   Long-term restricted cash - same as the short term restricted cash, except it's corresponding to a period longer than 1 year.
+
+-   Other noncurrent assets - Pretty straightforward, not detailed in the Financial Statement notes.
+
+The main focus here for GameStop, are the large number of stores worldwide. Pretty big fucking value in the land and buildings GS owns.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/dkzlhlejlo371.png?width=1351&format=png&auto=webp&s=4d552c594da31b77f2d30c831f75251ac29a45b2)](https://preview.redd.it/dkzlhlejlo371.png?width=1351&format=png&auto=webp&s=4d552c594da31b77f2d30c831f75251ac29a45b2)
+
+They're everywhere!
+
+Current liabilities - this is the debt that GS must pay in the short term (less than 1 year):
+
+-   Accounts payable - money that GS must pay in the near future to suppliers for goods and services
+
+-   Accrued liabilities and other current liabilities - money that must be paid for goods and services corresponding to a specific period + other current liabilities not detailed in the Financials.
+
+-   Current portion of operating lease liabilities - rent that GS must pay for some HQ locations in the short term
+
+-   Short-term debt, including current portion of long-term debt, net - short term loans
+
+-   Borrowings under revolving line of credit - "The Revolver" line of credit from bank
+
+Big focus on all of these. Debt has been a big decision factor for these hedge funds to short GME (besides their greed and stupidity). From the looks of it, GS appeared to be unable to meet its short term debt repayment due to the COVID 19 pandemic. Based on this, hedgies went all in, and thought that their infinite naked shorts + MSM FUD will make this a very very safe and profitable venture. They were very wrong.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/5ujkunw1no371.jpg?width=730&format=pjpg&auto=webp&s=e641386ab575f08de06428e8ede3c2d921785935)](https://preview.redd.it/5ujkunw1no371.jpg?width=730&format=pjpg&auto=webp&s=e641386ab575f08de06428e8ede3c2d921785935)
+
+Yay!
+
+Non-Current Liabilities - this is the debt that GS must pay in the long term (period longer than 1 year):
+
+-   Long-term debt, net - These are the 2023 Senior Notes principal amounts. This is the debt that needed to be repaid by GS before they were allowed to start transforming their business or issue dividends.
+
+-   Operating lease liabilities - This is the long term rent that GS must pay for some HQ locations in the long term according to their contracts (these lease contracts are usually signed on longer periods of 5+ years for better prices)
+
+-   Other long-term liabilities - Other long term liabilities not detailed in the Financial Statements
+
+The main point from the Non-Current Liabilities is the Long term debt. We'll get to the analysis in a second. We still have one more component of the Balance Sheet to discuss.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/5m28qbggno371.png?width=750&format=png&auto=webp&s=fb69ede751eb7f1ff0e6a6acdbdc0f355aa4f6a4)](https://preview.redd.it/5m28qbggno371.png?width=750&format=png&auto=webp&s=fb69ede751eb7f1ff0e6a6acdbdc0f355aa4f6a4)
+
+So many strings attached for Senior Notes it's not even funny.
+
+Equity - This is the corporation's owners' residual claim on assets after debts have been paid.
+
+IGNITED BALANCE SHEET ANALYSIS AND 8 BALL PREDICTION
+
+Okay you beautiful bastards, you've read so far and I am really proud of you. This shit is not easy to understand on the first read, so I tried to summarize it below in a picture with colors (even though I know you can't read):
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/lzj9p4qlno371.jpg?width=1150&format=pjpg&auto=webp&s=17fd4d237b65deec63aab14de91f7e2109a59cf3)](https://preview.redd.it/lzj9p4qlno371.jpg?width=1150&format=pjpg&auto=webp&s=17fd4d237b65deec63aab14de91f7e2109a59cf3)
+
+Pretty colors make me happy!
+
+Let's get in the middle of it.
+
+In 2020 and 2021 Gamestop made a couple of god-tier fucking moves, some of them thanks to people like you and me who like the stock:
+
+-   Sold AIRPLANE (Assets held-for-sale) which means more CASH. YAY!
+
+-   Sold 3.5M shares, raising around $551M more CASH. YAY!
+
+-   Repaid 100% of all short term debt. FUCK YEAH!
+
+-   Repaid 100% of long term debt - 2023 Senior Notes principal. OMFG WHAAAAT?
+
+That's right, you amazing knowledge thirsty apes. They fucking did it. The 2023 Senior notes were basically the chains that were holding GS from fighting back against the hedgies and taking the company in a new direction:
+
+> *"The indenture governing the 2023 Senior Notes contains restrictions on the ability of us and our restricted subsidiaries to incur, assume or permit to exist additional indebtedness or guaranty obligations; declare or pay dividends or redeem or repurchase capital stock; prepay, redeem or purchase certain subordinated indebtedness; issue certain preferred stock or similar equity securities; make loans and certain investments; sell assets; incur liens; engage in transactions with affiliates; enter into agreements restricting the ability of subsidiaries to pay dividends; and engage in mergers, acquisitions and other business combinations."*
+
+Now GS is free to go wherever they please (not unlike Mundo). And they have a shitload of cash to do it, and little to no debt:
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/p52bexdsno371.jpg?width=1150&format=pjpg&auto=webp&s=f0c2561305bd6b2d3e20eeec2883cf98b1b0f7b1)](https://preview.redd.it/p52bexdsno371.jpg?width=1150&format=pjpg&auto=webp&s=f0c2561305bd6b2d3e20eeec2883cf98b1b0f7b1)
+
+I like money!
+
+These few moves deal a huge blow to liabilities and a huge boost to assets. And not just any assets, but to current assets.
+
+As I was saying earlier, current assets are the star of the show in the Balance Sheet du Soleil. CASH IS KING and GS has a lot of cash right now and no debt. This means GameStop now has a very, very good WORKING CAPITAL.
+
+Working Capital, also known as net working capital (NWC), is the difference between a company's current assets and current liabilities. So if the company has more current assets than current liabilities, then we have a positive net working capital, meaning that the company can cover short term debt. If the net working capital is negative, then the company is unable to pay all short term debt. GameStop should have a huge positive net working capital in Q1, especially since I'm sure Ryan Cohen has made some moves already, and so did you beautiful apes. I know you have been buying from your local GS since January, and I couldn't be more proud of each and every one of ya!
+
+I think we should be seeing something like this in Q1, but this is just speculation on my part:
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/cwyyjx5xno371.jpg?width=1150&format=pjpg&auto=webp&s=57733adc7fa04d9776828ee9270ca89c951c160b)](https://preview.redd.it/cwyyjx5xno371.jpg?width=1150&format=pjpg&auto=webp&s=57733adc7fa04d9776828ee9270ca89c951c160b)
+
+I mean, I'm not like an expert, like uhm, this is my opinion and stuff.
+
+I think Ryan will want to maximize inventory efficiency to compete with Amazon by offering 1-day delivery for all goods. This means a slight decrease in overall inventories on the balance sheet. This, together with the recent support from apes and publicity should boost Receivables quite a lot in Q121. GameStop, although it has a lot of money right now, might want to reduce prepaid expenses and try to maximize their DPO and get as many extended payment terms from their suppliers.
+
+This quest for inventory efficiency will most likely decrease the PPT part of the non-current assets. Multiple stores in the same area will not be needed anymore if the demand in that region is not sufficient. Sadly, as a result, some shops might be either sold or rented, which will further increase the Cash position or the Operating lease right-of-use assets position. If the locations are not GameStop's property, and are instead leased, then we could see a decrease in short term and long term rent. This is uncertain, since the contrary could be true as well... higher demand in a region or multiple regions would mean more GS stores will open to cover them.
+
+The Accounts Payable position will most likely increase as well because of all the new changes and investments being made. Perhaps Q1 is still too early to see this increase, but in Q2 and Q3 we should definitely see a rise. Same goes for accrued liabilities and other liabilities.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/3da0iw5roo371.png?width=1600&format=png&auto=webp&s=f6ed81a2f65574671f9eed3a9104458767eb4433)](https://preview.redd.it/3da0iw5roo371.png?width=1600&format=png&auto=webp&s=f6ed81a2f65574671f9eed3a9104458767eb4433)
+
+Planning to fail means failing to plan. Wait..
+
+IGNITED INCOME STATEMENT ANALYSIS
+
+So here it gets a bit tricky. Because we don't have data about net sales in Q1 (or the expenses), we won't be able to predict the numbers. But that doesn't mean we can't go through an Income Statement and understand what each element represents:
+
+Net Sales - Total sales minus discounts, returns or allowances due to defects of products. Basically, how much the company is selling. The higher the net sales, the more reach the company has and the more income it should be able to generate (at least theoretically).
+
+Cost of Sales - The cost of sales refers to what the seller has to pay in order to create the product and get it into the hands of a paying customer.
+
+Selling, general and administrative expenses - Include all everyday operating expenses of running a business that are not included in the production of goods or delivery of services. Typical SG&A items include rent, salaries, advertising and marketing expenses and distribution costs
+
+Goodwill and asset impairments - Goodwill impairment is an accounting charge that companies record when goodwill's carrying value on financial statements exceeds its fair value. This is a bit complicated and not that important to be honest.
+
+Gain on sale of assets - A gain on sale of assets arises when an asset is sold for more than its carrying amount.
+
+Interest expense, net - An interest expense is the cost incurred by an entity for borrowed funds.
+
+Income tax (benefit) expense - Gotta pay the taxman.
+
+Net income/loss - The company's profit or loss for the quarter/year
+
+Reading the Income Statement is pretty straightforward. You start with the total sales of a company and then you start to subtract all types of costs incurred + taxes. If at the end of it, you still have a positive amount, then you just made some profit! Congrats. If the amount is negative then you have a loss. Sad panda :(
+
+In FY20, GameStop had a net loss of $215.3M, mostly due to the COVID 19 pandemic, but also because its business model was outdated and inefficient. It's really impossible to try to guess what the Q1 Income Statement will look like, so I will not speculate further. The Balance Sheet was a different story, since we had access to trustworthy information regarding sales of shares and debt repayment directly from GameStop.
+
+When the Q1 Financial Statements hit, I will try to do a full, in-depth analysis and post it here. I am by no means an expert, so please take anything I say here with a grain of salt. I appreciate any feedback you may have, and I can update my post if you want me to add something. All you have to do is comment or DM me. I am more than happy to increase my knowledge, as I am sure there are many apes smarter than me here.
+
+And remember: OOK OOK.
+
+[![r/Superstonk - IGNITED FINANCIAL ANALYSIS CRASH COURSE - WHAT TO EXPECT FROM Q1 RESULTS](https://preview.redd.it/4bdggyb8po371.png?width=1920&format=png&auto=webp&s=def5ccd0dcf4fa0ca03147e77c73f5b2bb2616f6)](https://preview.redd.it/4bdggyb8po371.png?width=1920&format=png&auto=webp&s=def5ccd0dcf4fa0ca03147e77c73f5b2bb2616f6)
+
+Monke see, monke do.
+
+TL;DR : Gamestop has a shitload of cash and no more short-term and long-term debt. The only material long term debt remains that from rent contracts for offices and shop locations across the US. This debt is also most likely going to decrease because of remote work as well as leasing contract terminations or re-negotiations due to an inventory efficiency update that Ryan must implement in order to be able to successfully compete with Amazon on the gaming goods and merchandise segment. The company has finished the repayment of its 2023 Senior Notes principal, leading to the metaphorical breaking of chains that were holding the company back for so long. With new leadership, a modern approach, a clear plan and a GOD TIER TEAM, as well as a global loyal customer base that likes the stock, not to mention the free publicity the brand got for the last 6 months, GameStop is now going to show these so called "ANALysts" from MSM, what real fundamentals are and just how high the price of GME can go.
+
+This is not financial advice, so don't act like it is.

AMAs/Carl-Hagberg-AMA/2021-05-14-Carl-Hagberg-AMA-Transcript-Part-I.md

@@ -0,0 +1,373 @@
+🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨](https://preview.redd.it/wmd6r8zx94z61.jpg?width=1432&format=pjpg&auto=webp&s=e40eb88b7cf9525252cefa4e8d270225bc00e807)](https://preview.redd.it/wmd6r8zx94z61.jpg?width=1432&format=pjpg&auto=webp&s=e40eb88b7cf9525252cefa4e8d270225bc00e807)
+
+"... And another one"
+
+_____________________________________________________________________________________________________
+
+Hello Apes! We are back to bring you another transcript/summary!
+
+Since these take a gargantuan amount of work, and there are two AMA's this week I chose to focus on just one AMA to provide a transcript for. Given the incoming proxy vote and the importance of everyone being informed about our rights with regards to this matter, I felt that Carl Hagberg's AMA was more pressing.
+
+That being said, Lucy Komisar is an absolute SUPERSTAR, and I do not want to suggest that her AMA isn't going to be a bombshell. Komisar has an absolutely amazing background. Furthermore, she is one of the only journalists actually understanding and covering our story well, [see this article](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/).
+
+With that out of the way...
+
+Carl Hagberg, you are awesome! I wish we had more time so you could have expanded more on some of your topics! This was an incredible AMA. There are so many moments in here that just get me so HYPED. This AMA was eye-opening in so many ways. Though, I believe the most important message to take from this, is that we are the catalyst...
+
+That's right Apes, you and me... and the friends we have made along the way.
+
+We are about to catalyze the collapse of this entire charade. For once the short sellers aren't going to be able to get away without repercussions... The only way out was for GameStop to go bust... and we all know that ain't happenin'. In this AMA Carl explains that the vote count is hugely important here. This is how we truly *Stop* this *Game.*
+
+_____________________________________________________________________________________________________
+
+INTRODUCTIONS
+
+-   Ato
+
+    -   Hello, hello, hello. Welcome to our third live-streamed, Superstock AMA,
+
+    -   We are so excited, I am excited-- Well, I'm stoked. I know, he's probably very excited as well let me tell you about it.
+
+    -   We have Carl Hagberg, who was referred to multiple times through Dr.T's book, joining us here today.
+
+    -   I pulled this from one of his comment letters to the SEC in 2018.
+
+        -   Carl has nearly 50 years of hands-on experience as a manager of transfer agency, proxy distribution, tabulation, solicitation, and proxy adjudication services. He has also served as an Inspector of Elections at literally hundreds and hundreds of shareholder meetings, including hundreds of proxy contests and numerous other situations. Many of these situations resulted in differences of less than 1% between approvals & disapprovals.
+
+        -   Over the past 25 years, Carl has built and managed a team that now consists of approximately 40 expert Inspectors of Elections who, collectively, have acted at well over 20,000 shareholder meetings
+
+    -   So we are talking to Dr.T's number one, go-to guy when it comes to shareholder rights and corporate governance.
+
+    -   so he has agreed to take time out of the day and talk with us about all of his experience, as much as we can cram into a 40-minute session. and explain how this is going on today and we'll talk about some examples for that.
+
+    -   So let's bring Carl on and give him some time to kind of speak to his own credentials. Car, How are you doing today?
+
+-   Carl
+
+    -   I'm doing great! Greetings everyone!
+
+    -   I'm happy to be here and I, as I told [u/Atobitt](https://www.reddit.com/u/Atobitt/), I don't recall anyone ever describing me as a retail shareholder rights advocate, but you know what, I guess I've been advocating for retail investors for 60+ years and I'm still trying to do it.
+
+    -   I'm a great believer in the power of individual investors. I have to say I'm a pretty good example of someone who's been successful at investing his own money and so, I wish more and more people would pay attention to us so maybe we can get that going.
+
+-   Ato
+
+    -   I think we're kind of preaching the same song there, that's what we're aiming to do.
+
+    -   I believe very much in this movement. Just the fact that we've been able to kind of start documenting this stuff for the past five, six months and then and then put it together into a community that is eager to get more information, has been incredible. I can't remember the last time somebody was interested this much in something finance-related or audit-related. It's unreal.
+
+TL:DR 🦍 Summary:
+
+-   Ato and Carl share greetings, Carl explains the sheer length of time he has supported retail investor's rights, especially given he too is a retail investor.
+
+-   Carl has an astonishing amount of time in this field, starting when he was just 16 years old, Carl has over 60 years of experience.
+
+-   Carl now mainly focuses on managing a team of about 40 Inspectors of Election.
+
+-   This is Dr.T's Go-To guy when it comes to matters relating to corporate elections, and shareholder's rights.
+
+_____________________________________________________________________________________________________
+
+ROBBER BARONS
+
+-   Ato
+
+    -   So, you are very much appreciated, we appreciate you coming here and giving your background on that.
+
+    -   So, if you want to go ahead and take just a couple of minutes to talk about what are some of the biggest problems that you're seeing right now, or throughout your career? Kind of, walk through the timeline of where this all started.
+
+-   Carl
+
+    -   That'd be great. I think we follow along in my career and my experience in shareholder voting and shareholders being denied votes or being somehow done out of their voting rights. The whole story of *short selling*, and of *naked short selling* and how that can deprive people of their whole investment.
+
+    -   I'll kind of take you along on my experiences along the way. So let me start way back in the beginning, I started in this industry, when I was 16 I was a college dropout.
+
+    -   I eventually got my master's and my BA, but all paid for by my employer, which was nice, but at the time, I was too young for college so off I went to the stock transfer department of Manufacturers Trust Company.
+
+    -   it was before they merged even with the Hanover bank, and we were a transfer agent, and we were Trust Company, and so I was in a unit that was in charge of keeping the books were publicly traded companies both their stocks and their bonds,
+
+    -   and in those days, virtually all of the major transfer agents were trust companies, and there was a reason behind that. There have been a lot of scandalous and ruinous things that had been done when companies were left to keep their own books. Okay? And so, the first rule of being in a trust division was the customer came first and, and we owed our duty, first and foremost, to our customers who were public companies and their stockholders, but the second rule was the debits and the credits, always had to be equal,
+
+    -   In the *bad* old days, about half of the 20th century. When we had the robber barons, when they needed some extra money, they would print up some new stock certificates and sell them into the market, but instead of putting the money into the companies, they would keep it for themselves, which is why they would call them Robber Barons.
+
+    -   But then, the SEC was formed and said *we have to stop doing this, we have to make sure that the debits equal the credits* unless you made a public offering and told people what you were selling and how much you wanted to get for it, and then made sure that the money was plowed back into the enterprise itself.
+
+    -   So that's what we did is it as a Trust Company. In those days, as well, 70% of all shares in US companies were owned by individual investors, (editor's note: WOW) - most of them were rich by the way.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (1/2) 🚨](https://preview.redd.it/4j0a959ya4z61.jpg?width=577&format=pjpg&auto=webp&s=253691359446b7d16a52480317c160d9645bf869)](https://preview.redd.it/4j0a959ya4z61.jpg?width=577&format=pjpg&auto=webp&s=253691359446b7d16a52480317c160d9645bf869)
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that he was a 'college dropout' but worked his way towards a masters' degree paid for by his employers.
+
+-   Too young for college, Carl made his way to the Manufacturer's Trust Company, where he excelled with his knowledge of long division.
+
+-   Carl states at that time, most companies that dealt with stocks and bonds were 'trust companies' i.e. a specific company that acts as a fiduciary, trustee or agent of trusts and agencies.
+
+-   This was the case owing to companies doing... *questionable* things with their own books when left to do it themselves.
+
+-   Carl lays out two rules for Trust Companies:
+
+    -   1\. Customers and stockholders come first.
+
+    -   2\. Debits and Credits *MUST* be equal.
+
+-   Why? In the time of the 'Robber Barons', ".*..when they needed some extra money, they would print up some new stock certificates and sell them into the market*" Sounds like naked-short sellers are just the new Robber Barons
+
+-   Finally, a trust company's purpose was to ensure money gained from issued shares was put back into the company, and at that time, retail owned *70%* of stocks.
+
+_____________________________________________________________________________________________________
+
+THE PAPERWORK CRISIS - A BIG MESS
+
+-   Carl
+
+    -   It wasn't like a mass democracy. But suddenly, share ownership got democratized.
+
+    -   Somewhere in about the late 50s, early 60s Merrill Lynch had a big campaign "*own your share in America*".
+
+    -   Millions and millions of people took up this idea, and started to buy shares in American companies and started to do very well because, as we know, when there are lots of eager buyers *that makes prices go up*, so everyone started to do quite well.
+
+    -   And then, around 1958 or 59. We had what was called the Paperwork Crisis.
+
+    -   The stock exchanges had to shut down early, they closed every Wednesday when normally they would have been open. *They couldn't keep up with all the paperwork*, in those days there were no computers. They didn't even have handheld calculators until about the late 70s
+
+    -   So anyway, we were working around the clock mandatory overtime working Saturday Sundays to try to keep up with the paperwork and a number of brokerage firms failed because they couldn't balance their books and they couldn't keep track of the money that they couldn't collect money that was due them.
+
+    -   *So it was a big mess*.
+
+    -   So in the next little phase of my career, I was present at the birth of the Depository Trust Company. I had been sort of seconded over by my company to what was called BASIC, the Banking and Securities Industry Committee.
+
+    -   Walter Wriston was there, chairman of JPMorgan Chase, and the Bankers Trust and of the stock exchanges, because they realized, if they couldn't get control of this paperwork mess, the Fed would take them over the way they run the market for Treasury securities
+
+    -   So, they are pulled out of a very profitable business, they said we've got to straighten this thing out.
+
+    -   So, five other colleagues and I, realized that we were the 'leg' men, who would go and take surveys and talk to people and try to work on solutions and then write position papers and argue them out.
+
+    -   The banks and brokers, basically hated each other and they didn't really want to do business with each other, but they had to. So that was that.
+
+    -   Pretty quickly-- Within a matter of two years, the paperwork crisis got solved, the volumes were still high. By having a securities depository, and computers (which were brand new). They enabled people to cope with all of this paperwork and substitute bookkeeping, you know accounting entries for paper. And so it was quite a success.
+
+TL:DR 🦍 Summary:
+
+-   At some point, share ownership became democratized (i.e. made accessible) to everyone, likely pushed by Merryl Lynch campaigns, and stonks went up with the increase in volume.
+
+-   Problem? Paperwork crisis. Put simply, shares were traded by paper and the stock exchanges literally could *not keep up***. They didn't even have handheld calculators, much less computers, so brokerage firms failed** *en masse***. As Carl puts it? It was a big mess.**
+
+-   In order to solve the 'paper crisis', Carl and 'leg men' like him went out, took surveys, and tried to find solutions.
+
+-   The above together with the advent of computing, and the birth of the securities depository, resolved the crisis within 2 years. (Thanks Carl!)
+
+_____________________________________________________________________________________________________
+
+THE GOOD, THE BAD, AND THE UGLY
+
+-   Carl
+
+    -   Throughout that whole time, I had always been involved in shareholder meetings, I started going when I was 16 or 17.
+
+    -   It was because I knew long division, since all they had were those mechanical handheld calculators that weighed about 80 pounds, and you know, made *a lot* of noise, interrupting the meeting. But, since I could do long division they let me come, so I've been going to shareholder meetings since I was a kid. You see the good, bad, and the ugly. One of my greatest lessons was when you saw a management that was really really good. *Consider investing***.**
+
+    -   When you see management, the CEO was a stinker, that he wasn't nice to his staff, that the staff didn't really like him... (and believe me, I saw plenty) If you have *that* stock, sell it quickly, but anyway let's keep going.
+
+-   Ato
+
+    -   Yeah, that's a really good point, the number of people that are able to own shares and have influence over a company through this shareholder, into the lending of shares and buying of shares.... The prevalence of that speaks volumes to our situation, so getting that direct experience is awesome.
+
+-   Carl
+
+    -   There had always been some short-sellers as long as I can remember that had been short-sellers, and most of them were opportunists, you know, and they were literally vulture capitalists. They would move in on companies that were sort of weak and then try to drive them down to zero.
+
+    -   You know, so they could sell while there was still some life in them, and then buy them back... or not even have to buy them back.
+
+TL:DR 🦍 Summary:
+
+-   Through this wealth of experience, Carl saw the good, bad, and the ugly in boardrooms, and learned to invest where he saw good.
+
+-   Carl clarifies the issue of short-sellers, or *vulture capitalists* is an issue long faced in the industry.
+
+-   Carl
+
+    -   So, there was only some of this, but it was never a major thing until sometime in the 90s
+
+    -   Shortly after, I left the bank, Chemical Bank, and so I stayed there a year. I then deployed my tin parachute to go off on my own.
+
+    -   I started a business where I consulted with companies mainly about their retail ownership programs because it costs a lot of money to have retail holders, in those days especially, everything was paper-based.
+
+    -   Then I published a newsletter, where I would try to sniff out problems within the industry that needed that work, and I still do. Then, I started my inspector of election business, but back then it was on a small scale.
+
+    -   Now, it's a lot bigger, because as we've discovered there's a lot of Hanky Panky going on out there!
+
+    -   Okay, so that's what I did. About that very same time, I started getting calls from clients from colleagues from other transfer agents saying
+
+        -   There's something radically wrong here. We had our shareholder meeting, and we have a million shares outstanding, and we got votes of a million and a half shares**. What is going on?**
+
+    -   Well, what indeed?
+
+    -   It was because of short selling, you don't even have to have naked short selling.
+
+    -   I'll try to explain in very simple terms how this actually happens, that you have a meeting, and there are 50% more votes than there are shares outstanding, and if you subtract the ones that are held by the management and by long term mutual funds. It's really more like three times the number of shares that are held by real people!
+
+-   Ato
+
+    -   The float.
+
+-   Carl
+
+    -   Yup, the float, That's right.
+
+    -   So we were trying to get to the bottom of this, and we were trying to figure out,
+
+        -   *Well, how do you stop this?* , but more important for the given meeting,
+
+        -   *How do you reconcile this?*
+
+    -   Well, the fact of the matter is, even when you're not 'naked' when you borrow the shares and say okay I've set some shares aside, the Lender He keeps his vote, he's still the owner, okay? He's only lent them.
+
+    -   It's like if I lent you a shovel, I'm still the owner.
+
+    -   and... I still get my voting rights. Meanwhile, if a short-seller actually *sells*... Well, the law of economics says that you cannot have a seller, without a buyer.
+
+    -   So, the short seller sells, then the buyer also gets ownership too! On another set of books.
+
+    -   And so what has happened-- well, you say, *Alright, I'm going to repay you the loan.* Where you now have to go into the market to buy the shares and close the deal... You've got, what are known as, Phantom Shares.
+
+    -   So, when you have an excess of sellers, as we've seen in GameStop stock, and, you have a finite universe of buyers, the debits don't equal the credits anymore. Okay.
+
+    -   Sometimes the votes are two-and-a-half or three times than the shares that are officially outstanding.
+
+    -   This is a *very bad thing*.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains when he was a young boy (not in Bulgaria) he had been a part of shareholder meetings and can spot a good and bad CEO.
+
+-   Carl goes on to explain that the issue of short selling has been going on for years and years, such that even good companies having even a 'bad year' could be shorted out of existence.
+
+-   Carl then used his position and experience to create his own company and many clients were then asking, how is it possible 150% of my shares have voted?
+
+-   How? Short selling and *naked* short selling.
+
+-   Carl explains that even in non 'naked' short-selling situations, both the lender and buyer have voting rights, which leads to an increase above the total percentage of stockholders voting in an AGM.
+
+-   When the sellers vastly outweigh the buyers, you have people trading in 'phantom shares' such that the sellers and buyers *do not match* the total stock, or float as we all well know.
+
+_____________________________________________________________________________________________________
+
+INFINITE LIQUIDITY CHEAT CODE
+
+-   Carl
+
+    -   Sometimes (and people are doing this quite often) they're doing this with malice and forethought. They're looking to drive the company down to zero. Or they can short sell at $50 And they drive the price down to $1 or $2.
+
+    -   When you have unfettered securities lending, okay, and people can just keep lending to you and you can keep doing more deals and sending more shares to buyers, you've diluted the voting power and you've diluted the apparent liquidity for the stock,
+
+    -   Because what you have is infinite liquidity. You can just keep borrowing more, and you can borrow against what you borrowed.
+
+-   Ato
+
+    -   I just want to, kind of, drill that home. That is the *exact* thing we are seeing right now.
+
+    -   The situation where the attempt (and what we'll talk about this in a little bit) is, for an institution, to short sell a company into oblivion and trigger this criticism or unfavorable position amongst retail owners, to then *abandon* their position, take the loss to where these eventually get completely closed out. So, they don't have that obligation as they do now, where you have so many shareholders that are still holding through all these time periods it's just drying up the volume and the liquidity that is being traded daily right now.
+
+-   Carl
+
+    -   Right. And so around that time when this was so *clearly* out of control-- I have to hand it to the then CEO of overstock.com. That's how I met Dr. T and how I met West Christian**(who will be on next week if I am not mistaken(Editor's Note: He's not mistaken))** who's a prominent, highly successful lawyer, in this field.
+
+    -   We were all outraged and it's like wait a minute, how can this possibly be going on. And by the way, there's another element here too, is the short seller-- sometimes they actually have this belief that the company is just a bag of feathers, you know what I mean?
+
+    -   But sometimes, they just exercise their First Amendment rights and spread rumors, and then when you see the stock prices go down, the rumors seem to be true, and people act as if they are true and that's how stocks get to zero.
+
+    -   So, Overstock and Wes really were... I don't know what the right thing is... (editor's note: *pathfinders*) let's just say it was an important inflection point to say, *this can't go on here, this is just not right, it's not just it's not legal, it's not ethical,*
+
+TL:DR 🦍 Summary:
+
+-   Unfettered securities lending is a very problematic thing. A system such as this allows for what can essentially be described as "Infinite Liquidity" meaning they can just *borrow again, and again, what was already borrowed before***.**
+
+-   Further to the last point, these problematic securities lending practices lead to dilution of not only the value of the securities in question but also their voting power as well.
+
+-   Ato reflects that borrowing against borrowing (read: hypothecation) is exactly what is going on with GME right now.
+
+-   Carl agrees and goes on to state the then CEO of Overstock and Wes Christian led the way in exposing this behavior.
+
+-   Carl then goes on to state that sometimes short-sellers *genuinely believe* a company will go bust, but other times, rumors would spread which, taken together with a fall in stock price, would *seem true***, even if it wasn't.**
+
+-   Carl, Ato and the mods agree such behavior is unethical and illegal.
+
+_____________________________________________________________________________________________________
+
+SUPPLY AND DEMAND, OUT THE WINDOW
+
+-   Carl
+
+    -   I personally knew many companies that folded, not just because their share price dropped. but when it dropped they couldn't borrow any money, and then they could certainly couldn't sell any more stock and their credit rating was ruined,
+
+    -   Before you know it, good businesses literally have to fold, they just went bankrupt. They couldn't fund their businesses anymore.
+
+    -   So, the SEC started to pay a little bit of attention. But I must tell you, this is back in 2000, in the early 2000s mid-2000s, and from that time till now, they have a terrible, terrible, terrible record here.
+
+    -   So, they did pass a regulation, Reg SHO, and it actually put a bandaid over things, then the market started to simmer down... a little bit anyway. I think mainly for other reasons, but they put this band-aid over, and it kind of quieted down for a bit.
+
+    -   Okay, then lo and behold, came the financial crash of 2008/ 2009, when we saw short-sellers *again*, reaping tremendous profits. And then guess what! There *were* instances where many of these firms were destined for failure, but they were being pushed down the drain, twice as fast by everyone giving up on them and selling, and selling short.
+
+    -   So the SEC kind of woke up again, and said, Oh, maybe we need to look again, I have this little thing, it'll take only a minute to read it. They published this big thing here, and it was a Report of the Office of Inspector General of the Office of Audit of the SEC, And so here is what that here's what it said in the middle *and they made 11 recommendations* by the way. So, toward the middle it says:
+
+        -   *As we have stated on several prior occasions, (which is an understatement). We are concerned about the negative effect that failures to deliver may have on markets and shareholders. In addition, issuers and investors have repeatedly expressed concerns about failures to deliver in connection with manipulative," Naked" short selling. To the extent that fails to deliver might be part of manipulative Naked short selling, which could be used as a tool to drive down a company's stock price such fails to deliver may undermine the confidence of investors,*
+
+    -   which by the way, the understatement of the year,
+
+        -   *unwanted reputational damage caused by fails-to-deliver might have an adverse impact on the securities price.*
+
+    -   Oh? Don't you read the newspapers? (/s)
+
+    -   Well, anyway so that's what they put out. So then they included 11 recommendations for the SEC to consider. Basically, it was to try to detect things early, get complaints early they were mainly ignoring them, and then follow up on the complaints.
+
+    -   Well, lo and behold, after all of this, only one of the 11 recommendations was adopted.
+
+    -   Almost all over the next few years, almost all of the temporary regulations they had put into effect around the time of financial crisis ('08), they'd all lapsed too.
+
+    -   And Dr.T, who saw this with her own eyes, she saw the effect that was happening in the business world was businesses were adopting new audit standards and they called them *Risk Based Standards*, and it was you judge the risk by the dollar amounts, that's outstanding.
+
+    -   Well that's not really a bad idea... except... as Dr.T said, when the stocks keep falling, falling, falling, they're like problem 1 million on your list of problems.
+
+    -   you decide which problems need attention by the size of the outstanding share value, and so they weren't cutting the mustard and no one was paying any attention.
+
+    -   So, we went along... until the latest round that we're seeing now, where GameStop stock (and there were probably three or four other companies), where people were selling shares, and they were what I call Phantom Shares outstanding, and Phantom votes.
+
+    -   *Except*... those, those phantom votes work really well, that is, if you were lucky enough to get your vote cast. So, that continued along until pretty recently-- actually, through until the present.
+
+    -   So let's see, what's wrong with naked short selling? I hope I kind of made this clear, they create an economic dislocation, *to put it kindly*. and they basically by providing unlimited liquidity, they basically take the most basic law of supply and demand, and they throw it out the window
+
+    -   because now suddenly supply of shares is unlimited, and demand is kind of sketchy... *especially* if you're spreading rumors that might be kind of sketchy too. (Editor's note: Sound Familiar?)
+
+    -   So, that is the biggest problem with this, and the Phantom shares themselves.
+
+    -   Everyone kind of knows, y'know? You go to the supermarket, you don't have to count the carrots in the apples to know what's in demand and what's not and what looks like a good product and what doesn't. But, when you have this many more shares floating out there, it distorts the market.
+
+    -   The other thing is... Well... this is basically it; until the trade is settled by delivering the security so that that can be canceled so that the debits equal the credits, you're going to have this continue.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the issues raised here were noticed by the SEC and have been for some time, *except they have a terrible track record of doing anything about it***.**
+
+-   Not even *their own report,* which detailed actionable steps *from their Office of Audit* was followed and put into practice. Oh, except 1 of *11***.**
+
+-   What's worse is that temporary regulations, like bandaids on a leaky pipe, fell off and nothing concrete was ever put in place to prevent this from happening.
+
+-   Further, these issues and problems never truly saw the light of day as the *investigations were based on dollar values***. What does short selling do?** *Decreases the price and therefore, so decreases the chances of investigation and notice***.**
+
+-   Allowing naked short selling throws the laws of supply and demand out the window.
+
+-   The only way Carl sees the problem can be resolved is to have debits and credits equal to one another, or this will just keep continuing.

AMAs/Carl-Hagberg-AMA/2021-05-14-Carl-Hagberg-AMA-Transcript-Part-II.md

@@ -0,0 +1,420 @@
+🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bye_Triangle](https://www.reddit.com/user/Bye_Triangle/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nceapj/carl_hagberg_ama_transcriptsummary_22/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+This is Part 2, See comments for [Part 1](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/)
+
+_____________________________________________________________________
+
+WHOSE VOTE IS IT ANYWAY
+
+-   Carl
+
+    -   let's just say, both the lender and the buyer end up having voting rights, right. And so there are a couple of problems. One is, no one knows this, most of the time unless their custodial bank or broker goes to vote over 100% And most of the time, no one ever goes over 100 in a good year 70% Of all the shares. Maybe 80% will be voted 20% will never get voted, so unless you go over that 100% number at a particular bank or a particular broker, no one is ever the wiser. Okay, then more of these votes have been cast.
+
+    -   There was a famous incident that was one of the most contested mergers of all times, it was the HP Compaq thing,
+
+    -   and institutional investors who were dead set against this merger they thought it was a horrible deal, which I believe turned out to be discussed discovered that because they had lent their shares their vote didn't count in, and in fact, the people who borrow the shares their vote carried the day.
+
+    -   And so it wasn't economically right it wasn't morally right, But that's what was happening. Okay. And then, so sometimes, of course, they have to somehow come up with the right numbers. And so they go back to the banks and brokers and say well look you voted a million and you only have 500,000 Please set up straight. And so this reconciliation takes place in a dark room somewhere. No one ever explains how they did it, and they're not obliged to explain, but somehow, in the end, it comes right.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that it is very rare that votes ever exceed 100%, so often the issue of short/naked short selling rarely comes up. Wonder what happens when it does?
+
+-   Carl then explains a famous merger happened on the basis that those who lent their shares became unable to vote on the basis they lent their shares and in fact, *those they lent succeeded in making a horrible deal***.**
+
+-   Carl then goes on to explain somehow, when this does happen, it gets 'straightened out' and no one understands how.
+
+_____________________________________________________________________________________________________
+
+MONSTER MONEY
+
+-   Ato
+
+    -   So we've got about 10 minutes. I'm loving the information that you're throwing out but I do want to tie some of this into some of the things that we're talking about here. I know I can sit here and I can listen to what you're saying, all day,
+
+    -   Finding that common ground where we understand that this position this is happening right you're explaining it this is happening and how we're leading it to today where you and I both talked on the phone last week talking about that current position in Gamestop and having, you know 140% flow versus being mathematically impossible to kind of escape that
+
+-   Carl
+
+    -   Exactly right and that the reconciliation takes place unbeknownst or unscrutinized by any regulatory authority or anybody at all.
+
+    -   And then comes the last part, and this should be close to the heart of Gamestop owners, and that is that institutional investors, by the way, big pension funds or big mutual funds, make monster money, enormous amounts of money by lending shares to the people who want to sell short.
+
+    -   So, let's say I have a brokerage account, if I have signed a margin agreement-- I signed to allow my account to be a margin account. They can lend my shares to anybody, make money, unbeknownst to me, I lose my vote because the disclosure is really very, very poor. I hear that some Gamestop owners have been finding... *Where's my proxy?! Where's my annual report?!*
+
+    -   Now, they got canceled out. because they happen to have a margin account. *Regardless* of the fact that they may not have had a penny in margin loans, but they had signed an agreement that allows the bank or broker to vote and to lend their shares.
+
+    -   They don't even get a penny of compensation. So, the agent is making millions and millions of dollars, individual investors who are in the dark about this, they're not even discovering it. Most times you don't know you didn't get a vote.
+
+    -   Now with Gamestop because the imbalance is so big, people are asking *where's my vote* and if you have a margin account you often don't get a vote, or, no, *you missed the day you missed the magic day you don't get a vote.* And so that is one of the worst,
+
+    -   Now I have my very last of the worst. And I was very happy to see that the interim SEC chair woman, Alison Heron Lee
+
+    -   She was the interim Chair, and she's still an SEC Commissioner. While Gensler hadn't been confirmed yet, the instructed staff to look into mutual fund voting because mutual funds are often like non-voting, or they're giving the vote to somebody who's voting against their very own positions. And mutual funds, many of them, are deciding that shareholder votes do indeed have value.
+
+    -   Whether they're economic proposals or social proposals or environmental proposals, your vote on these proposals has a value of its own.
+
+    -   *And* companies that are good citizens, create more value than companies who are scoundrels. So now, Alison Herron Lee, God bless her, she said,
+
+        -   *We need to study, we need greater disclosure as to what mutual funds are doing with their shares, are they lending them to third parties who are voting, in many cases against the positions that they uphold?*
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the game for institutions and mutual funds is to make millions by lending shares out any which way you can, including allowing retail investors to enter agreements to allow them to do so without providing much obvious notice.
+
+-   Carl
+
+    -   By the way, these mutual funds are fiduciaries, as I was back in my days as a banker, and our duty is to our clients, to the shareholders. Okay, and not to the almighty dollar. Those are the issues that I think are in front of us now.
+
+    -   I'm really pleased to see so many Gamestop owners are stepping up and asking hard questions,
+
+    -   And I'm sure that, based on the numbers I've been hearing, that come to their meeting, there's going to be significant, over-voting.
+
+    -   That is unless people spend hours and hours ahead of time in their dark, back offices trying to reconcile this before the day of the meeting. /s
+
+-   Ato
+
+    -   I mean... wow... okay, so I have, I have a lot there I want to address with you.
+
+TL:DR 🦍 Summary:
+
+-   Carl explains that the game for institutions and mutual funds is to make millions by lending shares out any which way you can. Including, allowing retail investors to enter agreements without being super to allow them to do so without providing much in the way of *obvious* notice.
+
+_____________________________________________________________________________________________________
+
+MATHEMATICAL IMPOSSIBILITIES
+
+-   Ato
+
+    -   One of the biggest things, I think, are the numbers that you were talking about they're the things that are evidence of naked short selling.
+
+    -   Dr.T was mentioning in her AMA, one of these places that you can kind of see the evidence of naked short selling, bubble up is in the shareholder meeting.
+
+    -   Which you've talked about, I mean, obviously this is a pervasive issue.
+
+    -   I'd like to kind of start walking through some of those numbers that we sent to you for review and then talk about some of the effects of this upcoming vote and the significance of *potentially* being the first company in a very long time (if not ever) to have this vote where you're seeing, potentially hundreds of percentages above what was possible.
+
+    -   On that note, because we have about eight minutes Are you okay going a little bit over?
+
+-   Carl
+
+    -   Yeah, that's fine!
+
+-   Ato
+
+    -   Okay, good. Thanks, I appreciate everything that you just talked about, I really do. I don't want to have to cut off the rest of this.
+
+    -   I have people who are wanting to know-- institutional shareholders, international shareholders... we've got questions. for them people that are having issues finding their control numbers, for example.
+
+    -   I know Dr. T was stressing the issue, the importance of that for being able to get their voice out. So yeah, if you don't mind, that would be great if we could take a few extra minutes.
+
+    -   So let's do that!
+
+    -   You point out in your 2019 comment letter to the SEC, where you're talking about these huge implications and how pervasive this issue is, and one thing that stands out to me was this concept of over-voting.
+
+    -   What you just described. Not just through *naked* short selling, but through short selling, and so that has kind of led up to this position where we're at today.
+
+    -   we have the run-up 2019 along with the narrative people are able to spin through media, like you talked about-- *that GameStop is the next blockbuster,* so to speak
+
+    -   so there was this huge downward pressure on GameStop for years, and even in 2019 this was a heavily shorted stock, and a lot of people caught on to that.
+
+    -   And so the run-up in the beginning of 2021, when we got into January, was where we started to see this tremendous share volume coming out. The biggest red flag, I think, for most people in this subreddit, was the total reported shares outstanding.
+
+    -   At the end of 2020, including restricted shares, (those internal shares that are being held by insiders) was about 69 million shares.
+
+    -   And so when we see a period of 17 days, from January 13th through the 5th of February, where average daily trading volume is 88 million, and the peak during that was 197 million, totaling 1.5 billion shares exchanged over 17 days. Does that not scream naked short selling to you?
+
+-   Carl
+
+    -   Oh, absolutely. It's mathematically impossible for this to happen, except for the fact that it's not just the "Naked" part that is important to focus on... it's important to focus on short selling, itself. When you allow people to keep reselling these imaginary shares to make these loans, y'know?
+
+    -   If I lend you a shovel, you've got my shovel, but I lend you stock, you don't just have my stock, you have a voting right. And you get a credit somewhere, but you don't really have my stock, you know what I mean?
+
+    -   So, in other words, it's mathematically impossible to have trading volumes like this.
+
+    -   what it's done, it's pumped in this infinite supply of shares that can get bought by somebody, you know, albeit at lower prices, so yes, this is a problem in itself. There's no way around it, it's not a mystery. Okay, the numbers are clear, they are what they are.
+
+    -   So I think the real thing will be, what happens when the meeting convenes? And... *It could be* that people are feverishly working in their backrooms, to try to cook the books.
+
+    -   Trying to deprive enough people of voting their shares that you won't see them anymore. So... that could be one thing...
+
+    -   So we'll see what happens when the Annual Meeting convenes.
+
+    -   If there aren't more votes present than there are shares, I'll eat my hat.
+
+    -   It's almost impossible to fix this, even in the darkest of dark back rooms. So that's, that's probably problem number one. The other thing I would say, as I, as I alluded to this is getting, thanks to retail investors, it's getting attention.
+
+TL:DR 🦍 Summary:
+
+-   The vote count is the missing piece of this puzzle as of now.
+
+-   Carl essentially confirms that it seems mathematically impossible that the shorts have covered.
+
+-   He goes on to stress how difficult it would be for the bad actors in this situation, to reconcile the votes prior to the meeting.\
+    _____________________________________________________________________________________________________
+
+WE NEED A GOOD PLUMBER
+
+-   Carl
+
+    -   So there have been some hearings. I was really happy with what Allison Lee did, and I'm very encouraged by Gary Gensler, he is a man with tremendous integrity, not to say that our former commissioners didn't have integrity, but Gensler gets it. He's got a mathematical mind, he understands systems.
+
+    -   For all these 40 years that I've been writing about this, people have kept their heads in the sand and they've been willfully blind or willfully unwilling to dig into what they call *proxy plumbing.*
+
+    -   I always thought plumbing is a good thing, but for 40 years, plumbing for us has been a bad thing. It hasn't been so good. It's had a lot of "smelly overflows", so to speak. So, I do think that there's some momentum, now, at the FCC, and from the public, and even in Congress a little bit.
+
+    -   And so hopefully we'll see some progress made on this.
+
+-   Ato
+
+    -   I know that you were talking about Gensler pushing for a lot of this reformation back in 2008 as well, so he's been championing this cause for quite some time.
+
+    -   That encouraged me when I heard him in that committee meeting, just recently. It seemed like he was nailing these on the head, and the difference between what we've had, versus what we need... is that action.
+
+-   Carl
+
+    -   Yeah.
+
+-   Ato
+
+    -   And so, it's getting to where this community is growing so big, that we are just a handshake away from Gary Gensler. I mean we have the data we have the numbers, this is what the people are wanting, are these answers.
+
+    -   We're putting forth the evidence that this is happening, we have the experts like you, and Dr. T, that are in the field and Wes Christian.
+
+    -   So, I'm glad to see that you're excited about it because I really do think that this is the time for change.
+
+-   Carl
+
+    -   Right! Let's hope so. As I say, it's time, we need a good plumber, we never had a good plumber.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨](https://preview.redd.it/2364vij5g4z61.jpg?width=820&format=pjpg&auto=webp&s=04d2da4df98a22e00ce75e35e84c40def7983832)](https://preview.redd.it/2364vij5g4z61.jpg?width=820&format=pjpg&auto=webp&s=04d2da4df98a22e00ce75e35e84c40def7983832)
+
+Thanks for this u/pinkcatsonacid
+
+-   Carl
+
+    -   Most of our regulators, in my opinion, they are the regulated, they're made up of the very people who are being regulated, the ones who are making billions of dollars in these deals.
+
+    -   You can imagine, I tried to explain to them... They shut their ears. they're willfully deaf, dumb, and blind to all this. So we need somebody who says,
+
+        -   *I think this problem has become big enough that you can't ignore it, let's talk about the elephant in the room. You can't ignore this elephant anymore*
+
+    -   The SEC knew this was wrong in 2009 when the inspector general told them, but they did nothing about it... fortunately, for them, markets got a little quiet and that went away, but then it comes back, and that's the way it will be.
+
+    -   So in any event... So, I had asked you, make sure that I get my point across, which is; *how do we solve this*. We need to figure out how to solve this.
+
+    -   The first thing is, there needs to be a pre-reconciliation. People should never get a proxy unless they are holders in due course, and people who are not, should not be getting proxy materials. But it needs to be a valid-- legitimate reconciliation, and that's very hard to do.
+
+    -   when you sell the same *banana* 158 billion times, and you only have 72 million bananas... reconciling This is not an easy thing to do.
+
+-   Ato
+
+    -   Bananas.. Hahaha
+
+-   Carl
+
+    -   So in order to really solve anything... It's sort of after the fact, you know, you clean up you throw something over it
+
+    -   The next thing though that can and should be done is to force lenders to recall their shares before the Annual Meeting record date comes along.
+
+    -   That's where the mutual funds and the big pension funds come in... They really do have a fiduciary duty to recall their shares so they can vote on it themselves. There are no two ways about that.
+
+    -   So, that would help, big time. Although again, the numbers are so big, it's like *hmmm, I got to start a year in advance* *to get my shares back*.
+
+    -   The other thing is, I feel that brokers should be prohibited from lending shares that belong to individual investors, without better disclosure. Full disclosure would be,
+
+        -   *oh I can lend your shares and I can make a lot of money doing it anytime I want. And by the way, I owe you nothing, and you can't protest.*
+
+    -   This is not ethical-- it's not correct. People need to be told no, you cannot be doing this.
+
+    -   Maybe, if somebody is stupid enough to say,
+
+        -   *yes, okay I'll let you do this, take my shares, take my votes, take the money and give me none...*
+
+    -   ... Well, God bless.
+
+    -   but, if you make decent disclosure mandatory, I don't think this will be lasting very long. But, bear in mind this is a multi billion dollar source of revenue to banks and brokers and custodians and middlemen... and to the mutual funds themselves.
+
+    -   Okay, so the next thing, and Dr. T said this as well, and I think this is what's going to happen in the Eurozone.
+
+        -   That is to say, *we'll give you up to five days. You're supposed to settle your debts, settle your accounts where the debits and credits end up equal within two days of the trade.*
+
+        -   *well all right we'll cut a little slack but within five days of the trade. If there was short interest, it needs to be bought in period, so that the debits equal the credits, and the votes equal shares outstanding.*
+
+    -   That's the only real solution... otherwise, people will continue the game for another 60 years.
+
+    -   So... Maybe I am looking at the world through rose-colored glasses... but people like Gamestop holders should keep on doing what they're doing, realize that votes have value.
+
+    -   They had real value. This was a stock that was fast going down to tubes until they said,
+
+        -   *No, I don't believe all these things and I don't think this is a company that is going down or should be going down the tubes,*
+
+    -   But, they need to raise their voices, they need to speak up to the regulators. And, They absolutely need, especially this year, to try to cast their votes. and when they don't cast their votes, ask their intermediary, and then publish the crazy stories that they get back as to why they're not entitled to vote.
+
+    -   They paid their money and they're on the books as stockholders. Why did they not get their vote? And if you keep going like that. I think we will force a solution
+
+TL:DR 🦍 Summary:
+
+-   Carl states he is hopeful that we will see change with Gary Gensler taking the lead. Going on to say we need a so-called "Plumber" for this system, someone to do some real work on this messy system.
+
+-   Carl touches on a similar topic to what Dr.T was talking about, with regards to legislation being worked on in the "Eurozone" that could really bring forth material change.
+
+-   Voting and being outspoken is the best way to force a solution here, and if you cannot vote, find out why from your broker, because as a shareholder, who has entrusted your money with this company, IT IS YOUR RIGHT. _____________________________________________________________________________________________________
+
+FOREIGN VOTING
+
+-   Ato
+
+    -   Can I ask one more question?
+
+-   Carl
+
+    -   Of course!
+
+-   Ato
+
+    -   So, several foreign investors, non-US investors, are holding potentially millions of shares here. They're receiving excuses from their brokers like you were saying,
+
+        -   *you just have no involvement,* or *we don't have the voting rights for you.*
+
+    -   So how can they go about this? Is there something where they can tell their brokers, *I know I have voting rights* and fight this? or how can we help them?
+
+-   Carl
+
+    -   This is a very difficult thing to do. Historically, foreign investors never really voted their shares. Individual shareholder ownership was almost unheard of in a lot of Europe, you know unless they were an oligarch, a multi Millionaire, or Billionaire, It wasn't something that the average person was doing.
+
+    -   Even when they did, they're typically getting their proxy materials in English... I got emails from people in Swedish and my Swedish isn't good enough to read it anymore and so... there is also the language barrier to consider. So there's a problem facing foreign investors.
+
+    -   I say they need to go public. They need to get an answer from their broker or their financial intermediary in writing,
+
+    -   But, this is actually much harder, to be honest with you, than it would be for US citizens. What we barely understand here, over there, they just don't understand it. You know it's just not something that's percolated down, to where you can even have a conversation with somebody.
+
+-   Ato
+
+    -   I am seeing, and I think a lot of people on the subreddit are seeing this. Things are starting to change. We have posts on Reddit being translated into German, (Editor's note: More than just German) it's definitely a transition. I think we're at a point where we are seeing that involvement.
+
+    -   The sense of comfort, I've had with it, up to this point is, to treat everything equally. So if we had a percentage of people that were domestic that were voting, we still had a percentage, back then, that people that were non-domestic that weren't voting.
+
+    -   So, as the pie on the left has grown the pie on the right has grown, we should still see a prevalent issue with the domestic vote. The ability for these people overseas to be able to go public with that will help, I think it's essential.
+
+TL:DR 🦍 Summary:
+
+-   This is one of the more difficult matters to address, solely due to the fact that foreign investors usually don't vote, or don't care to vote in corporate elections across the pond.
+
+-   Despite the difficulties, remember, VOTING IS YOUR RIGHT. If you are investing your hard-earned money in a company, you're damn right you deserve a vote.
+
+-   If you are a Euro-Ape and your broker is being sketchy about letting you vote, you must do everything you can to speak up and speak out.
+
+_____________________________________________________________________________________________________
+
+ADVICE FOR GAMESTOP
+
+-   Carl
+
+    -   You know you made a very, very good point here, that we didn't focus on enough. I want to say two things and then I'm going to quit.
+
+        -   One is, if you own shares, you're the owner, you have rights. You need to assert them, and failure to do that is really, you're not doing right by yourself.
+
+        -   The second thing, and you've just touched on this, the power of social media. I've been writing these letters and they're all posted on the SEC website and nobody's ever reading them and no one's ever responding to them, but social media doesn't go away, it can only grow. I think I was to be optimistic. That would be the source of my optimism.
+
+    -   When you say *oh, we're putting the proxy statements in German, or whatever* so people can read them. These are revolutionary developments. So I end up feeling optimistic at the end of the day.
+
+-   Ato
+
+    -   Thank you for that response Carl
+
+    -   If you don't mind, I have one final question for you, and I appreciate you going over time.
+
+    -   I'm just blown away by your experience. I know people on this sub, we have so many people, turning out to ask you questions continuously. You'll probably still have referrals for answering questions even after this, I would fully expect that.
+
+    -   But, anyway, for the executives at GameStop that may be watching, what are some actions that they can take that are the best fit for them in terms of protecting investor rights and shareholder rights? If and when they start to see this blown-up issue of over-voting occur, what are some of the best things they can do to put the boot down?
+
+-   Carl
+
+    -   What they need to do is pay attention. They need to pay careful attention to the voting reports that come in.
+
+    -   The first thing I'd looked at when I heard about this was, *who was the lucky company that was going to be the proxy tabulator.* I was afraid that it was somebody in, you know, out of Mongolia who was going to be counting these votes but they have a very good tabulator, and a lot of these votes are going through well-automated systems.
+
+    -   They also need to hire a good inspector. I'm sure they have, but they need to have a good inspector of election who won't be fooled. An inspector who will work like a *demon* to make sure that the reconciliation is appropriate. Except... piercing that veil is really still next to impossible to do.
+
+    -   So, I would say the management, pay attention to the election. Respect your stockholders, read the mail and emails from people who feel they've been disenfranchised, and hopefully, they'll realize that yes, many people are being disenfranchised...
+
+    -   and who are they? They're their best customers, you know, their best friends.
+
+    -   So, that's an injustice in itself. That we're letting hedge fund managers, speculators, and gamblers, run away with our electoral system, at the expense of our customers and our boosters that the people who keep us alive as a company, so I say, they gotta toughen up
+
+-   Ato
+
+    -   I got one final question for you, sorry, hold you up for a minute.
+
+    -   I know you and I talked about this, shorts covering. The can, perpetually getting kicked down the road but, long story short, shorts have to cover?
+
+-   Carl
+
+    -   Not really, some of them never covered because there wasn't a market, the stock got delisted, going under a dollar... and so they never covered, *they just walked away... laughing.*
+
+    -   So no, unfortunately.
+
+    -   And that's probably a good place to end. This is what happens if you don't have a well-regulated system. You get a bunch of criminals, pushing down the price of a stock, until it goes to zero, and laughing all the way to the bank.
+
+    -   So, the evil-doers go away with money and the loyal stockholders, get ripped off.
+
+    -   Unfortunately, I think a lot of stockholders were frightened out of the market and sold their shares at a loss so what has been the gain, have they held on. So, this is really a classic example of how unjust and how untenable, these practices are.
+
+-   Ato
+
+    -   Well, I am optimistic about the number of people that have held and have continued holding, even with the pressure that's being put on them today. So, we'll see what happens with this voter turnout, but I really do think that it's going to be a crucial point and the most consequential event that we've had so far.
+
+-   Carl
+
+    -   Well, do stay in touch. If you have questions, send them to me and I will try my best to answer them. I hope I did pretty good.
+
+    -   It's cocktail time, here in sunny Florida. So, goodbye everyone. Thank you so much!
+
+TL:DR 🦍 Summary:
+
+-   Carl's advice to the heads at GameStop:
+
+    -   PAY VERY CLOSE ATTENTION TO THE VOTE REPORTS
+
+    -   Read the Mail and Email from the stockholders, pay attention to those that feel disenfranchised
+
+    -   Hire an especially diligent inspector of elections
+
+    -   "TOUGHEN UP"
+
+-   In past circumstances, predatory short sellers have gotten away with this game-- pushing the stock price to the point of being delisted so they don't have to ever reconcile their massive dump of phantom shares.
+
+    -   There was confusion over the last section of the interview when Carl stated that shorts don't HAVE to cover, I believe if you take this statement in context with the rest of the AMA, he is clearly referring to shorts having to cover, generally. Carl already states multiple times in the AMA that he is very optimistic about this GameStop situation. Anyone trying to twist this narrative is acting in bad faith
+
+_____________________________________________________________________________________________________
+
+That was incredible, Thank you so much Carl Hagberg, your input on these matters was incredibly eye-opening and reassuring.
+
+I believe I can speak for the Apes when I say, that we are proud to have been the ones to which the torch has been passed so to speak. Continuing to fight for the change that Susanne and Carl have been pushing for for decades.\
+Apes, if there is anything to take from this, it should be this:\
+VOTE YOUR SHARES and if you cannot vote, for one reason or another, then YOU MUST SPEAK-UP.
+
+[![r/Superstonk - 🚨 Carl Hagberg AMA Transcript/Summary (2/2) 🚨](https://preview.redd.it/j5uprrmbg4z61.jpg?width=1000&format=pjpg&auto=webp&s=43dcdd15bfe04bd9595799b60b7d0dcf6554b772)](https://preview.redd.it/j5uprrmbg4z61.jpg?width=1000&format=pjpg&auto=webp&s=43dcdd15bfe04bd9595799b60b7d0dcf6554b772)
+
+_____________________________________________________________________________________________________
+
+One final reminder, do not miss the AMA with Lucy Komisar TODAY, May 14, 4:30PM EDT. As I said at the beginning of this, unfortunately, there will not be a formal AMA transcript/summary like this for that AMA. The amount of work that it takes to pull these together, with this level of quality, is way larger than you think-- as a result, I thought it best to keep it to one of these a week as to not burn out our team trying to crank these out under strict time constraints.
+
+That being said, if you are at the end, you clearly find some value in these posts... So if you as one of those Apes that find this invaluable, you can let me know. If there is enough desire, I can post the rough copy transcript, so at least the Apes that need the AMA's in this format (the deaf community, those with ADHD, etc), can still have it in writing, though without the formatting, editing and summaries. Next week there will be one of these for our AMA though, don't worry.
+
+Finally, One huge thank you for the support that myself, [u/Luridess](https://www.reddit.com/u/Luridess/)**,** [u/Leaglese](https://www.reddit.com/u/Leaglese/)**, and** [u/Cuttingwater_](https://www.reddit.com/u/Cuttingwater_/) have received on these posts, it is what keeps us going!
+
+Cheers,
+
+B_T

Brokers/2021-06-07-Citigroup-Goldman-Sachs-and-BofA-Restrict-Shorting-on-GME.md

@@ -0,0 +1,38 @@
+Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+=====================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+| [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) posted by [u/Lucky2240](https://www.reddit.com/user/Lucky2240/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nui12c/citigroup_goldman_sachs_bofa_restrict_shorting_on/) | 
+
+---
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+Posting this for [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) due to lack of karma. All credit to him! Edit: added screenshots
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)
+
+His thoughts:
+
+" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
+
+This is freaking huge.
+
+3 of the biggest prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements.
+
+Bloomberg article: <https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks>
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)
+
+[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)
+
+For those unaware:
+
+1.  [Bank of America is the prime broker for 96% of Citadel's "activities"](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/).
+
+2.  BofA recently terminated analyst coverage of GME.
+
+3.  On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions.
+
+4.  Citigroup, Goldman Sachs did the same.

Brokers/Fidelity/2021-05-13-Fidelity-Adds-4-Million-Client-in-First-Quarter-of-2021.md

@@ -0,0 +1,14 @@
+If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀
+=================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dwellerofthecrags](https://www.reddit.com/user/Dwellerofthecrags/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) | 
+
+---
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+[![r/Superstonk - If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀](https://preview.redd.it/iu114zzt0xy61.jpg?width=640&crop=smart&auto=webp&s=30a0d5316bcc955a8c69c1d6843e181f93e36da5)](https://i.redd.it/iu114zzt0xy61.jpg)
+
+[Image Source](https://www.cnbc.com/2021/05/05/fidelity-adds-4point1-million-new-clients-in-the-first-quarter-of-2021.html) provided by [u/Meticulous](https://www.reddit.com/user/Meticulous-)

Brokers/Fidelity/2021-06-05-Fidelity-Account-Insurance.md

@@ -0,0 +1,24 @@
+Question about account insurance
+================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Wowu812](https://www.reddit.com/user/Wowu812/) | [Reddit](https://www.reddit.com/r/fidelityinvestments/comments/ntcje0/question_about_account_insurance/) | 
+
+---
+
+[Official Response](https://www.reddit.com/r/fidelityinvestments/search?q=flair_name%3A%22Official%20Response%22&restrict_sr=1)
+
+Hello - I've heard rumor that for example, gme goes beyond the moon. Once the stock is sold Fidelity will automatically separate the funds into accounts so that the full amount will be federally insured. Is this accurate? If not is there process that can be set up in advance to handle a large influx of cash?
+
+Additionally the same question(s) when transferring cash from another broker into fidelity and having all funds federally insured
+
+---
+
+**Answer from [u/FidelityEmilio](https://www.reddit.com/user/FidelityEmilio/)**
+
+Hi [u/Wowu812](https://www.reddit.com/u/Wowu812/),
+
+The FDIC deposit sweep program is available in the [Fidelity Cash Management Account](https://www.fidelity.com/cash-management/fidelity-cash-management-account/overview) and eligible retirement accounts. This program holds your uninvested cash balance in an FDIC-eligible deposit account with our participating program banks. If you have more than $245,000 in uninvested cash in your account, the program maximizes your eligibility for FDIC insurance by systematically allocating this uninvested cash across multiple program banks.
+
+Please take a look [here](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts) to learn more about our account protections and safeguards, including coverage through the Securities Investor Protection Corporation (SIPC).

Brokers/Robinhood/2021-05-15-Robinhood-Smacked-with-65-Million-Penalty-for-Misrepresenting-its-Investors.md

@@ -0,0 +1,71 @@
+ROBINHOOD SMACKED WITH $65mm DISGORGEMENT PENALTY FOR FRAUDULENTLY MISREPRESENTING ITS INVESTORS
+================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/MissionHuge](https://www.reddit.com/user/MissionHuge/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndehkt/robinhood_smacked_with_65mm_disgorgement_penalty/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Apes, the boy from Bulgaria has officially started a gofundme. All contributions to be sequestered by the SEC for the benefit of apes.
+
+In other news, the SEC instituted, among other enforcement actions, a cease-and-desist proceeding under file#3-20171 against Robinhood which resulted in the attached December 17, 2020 order in which RH conceded it breached its fiduciary obligation to its customers by engaging in non-disclosed and otherwise unlawful PFOF practices. In plain English, they admitted fraud.
+
+The order imposes a $65mm penalty and sanctions against Robinhood. An additional order (not attached) was issued a few weeks back directing those amounts be set aside in a QSF administered by a court-appointed trustee for distribution to impacted apes (defined to mean Robinhood customers during the period 2015 to September 2018, when this particular fraudulent conduct was found to have occurred).
+
+The factual findings shed light on RH's PFOF practices and underscore the nature of the present conflict as it pertains to other broker-dealers (pay attention to the CSR's).
+
+Merits a close read and I promise you there are some good nuggets in here.
+
+P.S. Can't change the title but pardon my pronoun glitch.
+
+Bada bing bada boom to the moon,
+
+MH
+
+EDIT 1: Also attached the order of reference for the fund administration.
+
+EDIT 2: An ape just asked me to identify my source. This confuses me greatly. My source is the document I've attached in its entirety, which is part of the litigation file materials available at [www.sec.gov](https://www.sec.gov/) under file no. 3-20171.
+
+EDIT 3: I'm being downvoted by RH shills for posting the actual filed and entered order from the SEC. Yes, I know you would have preferred a hyperbolic narrative so you can do your thing, but there's no twisting them words. No need to be coy Roy, make a new plan Stan.
+
+EDIT 4: Changed PPOF to PFOF. Sorry for any confusion.
+
+<https://preview.redd.it/xxk214q57ez61.jpg?width=1700&format=pjpg&auto=webp&s=9e7c09ed12b57926581151d4c3dfcaf9dc010a9c>
+
+<https://preview.redd.it/9swcick08ez61.jpg?width=1700&format=pjpg&auto=webp&s=5436ef51a8fb3a9e16bd1a7c42ebc7854f77a1ac>
+
+<https://preview.redd.it/uw86q7118ez61.jpg?width=1700&format=pjpg&auto=webp&s=91b6d977418bb1b7872bc93344caafb6baf92387>
+
+<https://preview.redd.it/t5kdnlk18ez61.jpg?width=1700&format=pjpg&auto=webp&s=34b5ba262b0b5cb6b5cc8a71a48fa0cb540bb1ce>
+
+<https://preview.redd.it/qr60jr428ez61.jpg?width=1700&format=pjpg&auto=webp&s=0b355fe6103eab0cc829c166afb181dae54080dd>
+
+<https://preview.redd.it/xzwr1zt28ez61.jpg?width=1700&format=pjpg&auto=webp&s=57f9a6c15226af309cd595fd9415c8a7495415c6>
+
+<https://preview.redd.it/zku1l2c38ez61.jpg?width=1700&format=pjpg&auto=webp&s=19402eb07874ae49e9ed5b646b9d61b07c7c3ce6>
+
+<https://preview.redd.it/0n7h29y38ez61.jpg?width=816&format=pjpg&auto=webp&s=1d3ec6401781e0d23c507ddf0654851b02fdf09b>
+
+<https://preview.redd.it/07zb8ef48ez61.jpg?width=757&format=pjpg&auto=webp&s=bb9a34bfdd38982c743e0bd757daee51cc135778>
+
+<https://preview.redd.it/twa8x2x48ez61.jpg?width=1700&format=pjpg&auto=webp&s=762a1b6b9191d23415efbd334dc580d37d183e2a>
+
+<https://preview.redd.it/h0yc5wh58ez61.jpg?width=1700&format=pjpg&auto=webp&s=48901bb3df2b22bdaa467c9d9fafc3fa67c2eaaa>
+
+<https://preview.redd.it/r9ac0o478ez61.jpg?width=1700&format=pjpg&auto=webp&s=6f94e7f95a184398475cf389435482d4349967c1>
+
+<https://preview.redd.it/ubwhq4l78ez61.jpg?width=1700&format=pjpg&auto=webp&s=dd22f8b32fde34813116badd9bb582bf8702d8c1>
+
+<https://preview.redd.it/tch1kga88ez61.jpg?width=1700&format=pjpg&auto=webp&s=da5f121150c9190ac8c92d56c98655f9866e686a>
+
+<https://preview.redd.it/ezcgozs88ez61.jpg?width=1700&format=pjpg&auto=webp&s=db462dc909336d91ed3c59a02005edc95533047a>
+
+<https://preview.redd.it/stb6s3698ez61.jpg?width=1700&format=pjpg&auto=webp&s=7e5eb38aad6282b2f11e293d0a3e6d1c911b1d54>
+
+[ORDER OF APPOINTMENT P. 1](https://preview.redd.it/o7b11pa8cez61.jpg?width=1700&format=pjpg&auto=webp&s=ea0dbdb7000ae86dceff3ecb48f0b42f447982e7)
+
+[ORDER OF APPOINTMENT P. 2](https://preview.redd.it/3btenxy8cez61.jpg?width=1700&format=pjpg&auto=webp&s=b8ccd51d1aed90b5416c463d798aa085eb32a511)

Brokers/Vanguard/2021-05-14-Vanguard-Increased-their-Long-Position-in-GME.md

@@ -0,0 +1,25 @@
+It looks like Vanguard increased their long position in GME with about more 400k shares since last filing.
+==========================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/infation](https://www.reddit.com/user/infation/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc95v3/it_looks_like_vanguard_increased_their_long/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[Their previous 13F-HR filing from Feb.](https://www.sec.gov/Archives/edgar/data/102909/000110465921021334/xslForm13F_X01/infotable.xml)
+
+<https://preview.redd.it/gsntjmrfc3z61.png?width=2557&format=png&auto=webp&s=7cc3b7da20b1dd2d5fc8e7c92da13c241cdf9f9c>
+
+[Current 13F-HR from report that came out a few minutes ago.](https://www.sec.gov/Archives/edgar/data/102909/000110465921066511/xslForm13F_X01/infotable.xml)
+
+<https://preview.redd.it/kv5g99nqc3z61.png?width=2557&format=png&auto=webp&s=5117b8f643c8d55e3a51aa5575357321d7554ac9>
+
+Vanguard fucks.
+
+Edit: ~~They bought those shares between 1st January and March 31. Which means they are also bullish as fuck even with GME being at highest levels during that time frame.~~
+
+Edit2: Some people have said that ETF weighing is responsible for the increased shares. I am not too knowledgeable about that matter so I cannot comment too much. However, the fact (unless they misreported) is that VANGUARD GROUP INC owns more GME shares than the previous filing. Would love some more wrinkled brain to shed some light into this.

Confirmation-Bias-and-Discussion/2021-01-31-The-Only-Squeeze-that-Hurts-Citadel-and-Point72-is-GME.md

@@ -0,0 +1,50 @@
+You are being played: Citadel and Point72--major hedge funds and investors in Melvin--own tons of AMC, NOK, and BB. The only squeeze that hurts them is GME 🚀
+==============================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/meta-cognizant](https://www.reddit.com/user/meta-cognizant/) | [Reddit](https://www.reddit.com/r/wallstreetbets/comments/l9o3vs/you_are_being_played_citadel_and_point72major/) | 
+
+---
+
+[Discussion](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22Discussion%22&restrict_sr=1)
+
+*Edit as of May 27th, 2021*: I posted this back in something like January of this year. Stop commenting on it. Of course things have changed since then. But the price action you saw in AMC today was not shorts covering, it was options driven. Take a look at call volume today.
+
+The punchline: Citadel and Point72 own shit tons of AMC, BB, and NOK, and presumably want them to increase.
+
+I've found it somewhat suspicious that most accounts saying to buy/hold AMC, NOK, and to a degree BB are new. In addition, when each of these stocks started getting promoted here, other than GME (which was pretty much all that was talked about at the time) we were still almost exclusively an options subreddit. It took forever for most of us retards to learn that shares were important for GME as a special case, but all of the support for AMC, NOK, and to a degree BB was/is about holding shares, which was grounds to get booted to [r/investing](https://www.reddit.com/r/investing/) prior to GME. We're wallstreet*bets* after all. We trade high-risk options and share in our love of excruciatingly erotic loss porn. The people promoting AMC, NOK, and BB didn't/don't seem to fit in with their recommendations of shares. So I decided to look into this more.
+
+After being reminded by Cramer's video that hedge funds will often manipulate sentiment premarket by pushing the stock up and then slowly dumping it, I decided to look into a premarket comparison of GME and AMC on a random recent day. As you can see below, GME and AMC are both pumped up premarket, but by open GME has been shorted down (and it pops up) whereas AMC is in the stratosphere and falls sharply once everyone in the market is trading freely:
+
+<https://preview.redd.it/zgykmt8mqqe61.png?width=1678&format=png&auto=webp&s=eeae992d385ba8529a99e2558b270146099f7646>
+
+This seems like they may be trying to manipulate GME and AMC in opposite ways. This premarket activity can make people pile into non-GME stocks if it looks like GME peaked and others haven't. I haven't looked at BB or NOK, but my guess is that we'd see a similar divergence between GME and those stocks in after hours/premarket as well.
+
+Most importantly, Citadel and Point72 are long on BB, AMC, and NOK.
+
+BB
+
+[According to 13F filings](https://fintel.io/so/us/bb), Citadel owns a whopping 1,068,700 shares of BB, and Point72 owns 519,200 shares. No options are owned by either fund. Point72 and Citadel clearly profit from BB's rise.
+
+AMC
+
+[According to 13F filings](https://fintel.io/so/us/amc) (Ctrl+F citadel or point72), Citadel owns 292,926 shares of, call options on, and put options on AMC, and Point72 owns 21,758 shares. It's not possible to know what options strategy (e.g., long straddle) Citadel has in play, but it's clear Point72 and Citadel have both benefited from AMC's enormous increase.
+
+NOK
+
+[According to 13F filings](https://fintel.io/so/us/nok), Citadel owns an enormous 2,950,823 shares of, call options on, and put options on NOK, and Point72 does not own shares of NOK. It's not possible to know what options strategy (e.g., long straddle) Citadel has in play, but it's clear Citadel has benefited from NOK's rise.
+
+We already learned this morning that Citadel owns a humongous stake in silver, so that is most likely being shilled too. Importantly, if any of these funds sell off AMC, BB, NOK, or silver during their increase, they all have more capital to short GME with.
+
+*The only stock increase that really hurts either of these funds or Melvin is GME***.** *These funds shorted a viable and successful company to 140%. I know I would prefer to specifically focus on hedge funds that seem to have knowingly engaged in illegal naked shorting (Melvin, probably), appear to have forced Robinhood to stop allowing purchase orders (Citadel, Robinhood's primary financer), or are literally run by people who have been convicted of securities fraud (Point72).*
+
+Why did AMC, BB, or NOK get restricted too, then?
+
+The question remains as to why all of these stocks were restricted by many brokers at around the same time as GME. My belief is that purchases on these stocks were restricted in order to make them look like they were stocks that these hedge funds didn't want us to buy. Alternatively, *some* hedge funds are short these other stocks, so it's possible that they were having liquidity issues that also affected the market. But, like I mentioned above, I'd prefer to focus on hurting hedge funds engaging in illegal activities.
+
+TLDR: hedge funds profit off of your buying AMC, BB, and NOK calls/shares. These stocks seem to be shilled on here as alternatives to GME to distract us. Unless you want to line the pockets of Citadel, Point72, and indirectly Melvin, stay away from AMC, BB, and NOK. BUY AND HOLD GME IF YOU WANT TO REALLY HURT THESE ASSHOLES. GME TO THE MOON 🚀🚀🚀🚀
+
+Disclaimer: I am retarded and not a financial advisor, so this isn't financial advice. I am long GME and not long any of the other positions mentioned in this post (for the reasons I have outlined in this post). I also regularly scrub my post history but have been on this subreddit long enough to be a member of tanker gang.
+
+EDIT: READ THE HUGE EDIT AT THE BEGINNING OF THIS POST YOU RETARDS, THIS POST IS OLDER THAN YOU.

Confirmation-Bias-and-Discussion/2021-05-08-Gary-Genlser-47-Percent-Antitrust-and-Yet-Another-Reason-Why-Citadel-is-Fucked.md

@@ -0,0 +1,55 @@
+Gary Gensler, 47%, Antitrust, and Yet Another Reason Why Citadel is Likely Irrevocably Fucked
+=============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JustWingIt0707](https://www.reddit.com/user/JustWingIt0707/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n84gzo/gary_gensler_47_antitrust_and_yet_another_reason/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+47%, Gary Gensler, Antitrust, and Citadel
+
+Gary Gensler talked about a lot of stuff at the hearing earlier this week. The representatives generally focused on a lot of garbage, and they have justifiably taken a lot of shit from this community for their piss poor understanding of the things they are supposed to oversee. Lost in the gamification discussion was Gary Gensler talking about market concentration and Citadel how 47% of all retail order flow is routed through Citadel. This is a serious issue, and it is one that can be resolved through one of the Commissions established by Congress, for example: the SEC, but it can also be referred to the Department of Justice, Antitrust Division or the Federal Trade Commission.
+
+Why This Guy?
+
+Before I go any further, I used to be an employee of the one of these last two federal agencies, and I happen to have a bit of expertise in the subject matter I am about to talk about. Other things I might be blowing smoke out my ass, but I'm trying my best to educate, inform, or otherwise support my fellow apes. I am willing to provide my resume and identity to the mods, but I prefer to remain otherwise anonymous.
+
+An Extremely Brief History of Antitrust in the US
+
+There are 3 main laws that govern Antitrust Law in the US. They are the Sherman Antitrust Act(1890), the Federal Trade Commission Act(1914), and the Clayton Antitrust Act(1914).
+
+The Sherman Antitrust Act outlaws restraints of trade or commerce, and declares people who monopolize or attempt to monopolize or conspire to monopolize in violation of a felony. The first part is a civil violation and the second part is a criminal violation involving jail time and financial penalties, and it is per se illegal, or by even agreeing to be part of a conspiracy to restrict a market a person is in violation of a felony. There's a lot of nuance and practical considerations to how judges and juries find in these cases. One of the first antitrust cases was brought against a labor organizer. It is now considered to be a vast misapplication of the law.
+
+The Department of Justice was deemed to be insufficient to deal with fast moving technology in the early 20th Century, and so Congress passed the FTC Act to get expert engineers and scientists into an agency with lawyers---to be better able to enforce the law. The Supreme Court has ruled that every violation of the FTC Act is also a violation of the Sherman Antitrust Act. The FTC can unilaterally impose monetary penalties, where the DoJ has to go through the courts for everything. The FTC still needs to bring criminal prosecutions to the federal courts.
+
+The Sherman Antitrust Act had the unintended consequence of causing companies to merge in order to avoid prosecution. The Clayton Act barred several items: price discrimination between purchasers if such discrimination lessens competition, sales on the condition that the buyer or lessee not deal with the competition of the seller or lessor or requiring the buyer to purchase another product on the condition that this not lessen competition, mergers and acquisitions that substantially lessen competition, and barring a person from being a director on the board of two or more competing firms. The key here is "lessen competition," and how that has been defined in the modern era.
+
+We can more or less ignore the FTC Act, and the Clayton Act matters, but only tangentially. It is however a significant tangent.
+
+Enter Robert Bork. [Get a Load of This Mug](https://upload.wikimedia.org/wikipedia/commons/d/d8/Robert_Bork.jpg) That's right. That Robert Bork. Nixon's Solicitor General, later federal judge, and then blocked from being on the Supreme Court due to being too extreme. He argued that the goal of antitrust law should be to protect consumers, because consumers are inherently foolish. So the consumer harm standard of antitrust enforcement was adopted. This implies that the harm to competition, the competitive process, can be observed through the effect on prices that consumers experience. This is still how antitrust law is enforced today.
+
+Great, But How Does That Do Anything For Us?
+
+In the short run, it probably does nothing. Antitrust matters move at the pace of the commissions and the courts, but buy and HODL, amirite?
+
+This is a little heavy reading on how Antitrust cases are evaluated. <https://www.justice.gov/atr/horizontal-merger-guidelines-0>
+
+Important notes not contained here: in order to prosecute a case for monopoly in order to break up the company there needs to be market power and abuse of dominance. Typically, the courts are skeptical of market power when a company controls less than 60% of a market. Control of market share is not enough. Due to the consumer harm standard, in order to prosecute monopoly or abuse of dominance harm to consumers must also be shown.
+
+But how does this relate? Well... In comes market concentration, a popular proxy for how concentrated markets are already. The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. It is calculated by squaring the market share of the market participants and summing them. A market with an HHI of 1800 or greater is considered to be highly concentrated. Using that 47% figure that Citadel touts-and no one else's share, the HHI for retail routed orders is 472 = 2209. That market is already there without the other 53% of the market included. This only matters in the event of merger and acquisition, however. There's another key point here: Payment for Order Flow.
+
+By paying for order flow, Citadel may be changing the market definition in a couple of ways. The first is, they are the consumer of retail orders from brokers, and they are a dominant player in the buying side of this market. They might be foreclosing other wholesalers out of this market and exerting monopsony power or undue influence over the market through purchasing. The other way they could be messing up is through purchasing all of any given broker's order flow. By doing this, Citadel has given consumers in the market no choice of order routing, and they are monopolizing broker routings. There is huge potential for profit taking internally here, because the price that consumers see is rounded to 2 decimal places, but as we all learned with the 32 bit integer issue and Berkshire-Hathaway, the price is actually calculated out to 4 decimals. Citadel could buy up your order flow at the 4 decimal price, match against the other end of a trade, and take 2 decimals of profit on every order.
+
+On top of that, Citadel knew about these anti-competitive issues associated with payment for order flow as early as 2004. They specifically commented against them. <https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf> There is no way for them to say they did not know about the harm they were causing and continue to cause as they caused it and continue to cause it.
+
+Any of the above could be construed as an abuse of a dominant position, harm to consumers, if not monopoly or monopsony. This could result in $100M fines per day that these could be demonstrated. If Ken Griffin is implicated through documentation or other evidence personally, he could face a fine of $1M and up to 10 years in jail.
+
+Citadel is likely irrevocably fucked, whether or not they survive the MOASS, whenever it comes.
+
+Edit: TL;dr: A mentor told me I should try to be able to explain it to a 5 year old.
+
+By paying brokers for your order, my order everyone's order to go through them, Citadel has been doing something that isn't fair and is against the law. They knew it was against the law and unfair. Ken Griffin could face jail time if it can be proven that he knew about some of the problems they were causing.

Confirmation-Bias-and-Discussion/2021-05-10-The-Squeeze-is-Inevitable-and-this-is-a-Once-in-Forever-Opportunity.md

@@ -0,0 +1,45 @@
+Wise apes really aren't lying when they tell you this is a once in FOREVER opportunity. It MUST not be fucked up, and everyone but the shorts will benefit 🙌💎🚀
+=================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Broviet](https://www.reddit.com/user/Broviet/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9n36z/wise_apes_really_arent_lying_when_they_tell_you/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Howdy, apes and apettes. It's been a while! Not sure how many of you will remember me from our prior subreddit's glory days, but with the exceptional DD being put forward by the likes of [/u/atobitt](https://www.reddit.com/u/atobitt/), [/u/jsmar18](https://www.reddit.com/u/jsmar18/), and attention from [/u/dlauer](https://www.reddit.com/u/dlauer/) and Dr. T, my distant Wall St experience is no longer necessary. However, I did want to drop in with a quick dose of confirmation bias after this most annoying of Mondays. And that, of course, is to remind you of one of our months-old warcries that has since fallen out of favor: All shorts must cover.
+
+I am well aware that, while most hands here have undoubtedly been forged into sheer impenetrability by now, brains so perfectly round are a little more difficult to pummel into the acceptance of fact. Every single-share buy routed through a dark pool. Every DTCC rule kicked down the road. Every shill post. Every threatening private message. Every congressional hearing where bushes aren't just beaten around, but are apparently nonexistent. Every Cramer meltdown. Every instance of Robinhood fuckery.
+
+On their own, any of these things can and should be dismissed as inconsequential. Together, they are harder to stomach. But while I can't comment on the current state of affairs to the same level of depth or topicality as someone like [/u/dlauer](https://www.reddit.com/u/dlauer/), I did spend enough time on the Street to be able to assure you that all of this is happening for a reason.
+
+These are the death throes of a doomed way of doing business. As you all well know by now, the big boys on the other side of this trade have a nigh-incomprehensible amount of Fuckery Implements. What you might have also picked up on, and why we are all still here diamond-dicking the ultimate circle-jerk of solidarity, is that none of these tools, or any combination thereof, can or will extricate shorts from their positions. These are all tools of avoidance. Prevention. Ensuring that such a situation is minimized. Ensuring that such a situation is avoided in the future. But that's it.
+
+There are no rulings or tools or deception or FUD that will undo what they've done. I understand it's counterintuitive to think that, because even amongst old Finance colleagues I've spoken to, the prevailing sentiment is disbelief. "How could they be that stupid, even if they thought it was a sure thing?" Indeed. And yet here we are.
+
+And since I'm here writing a post already, let's also take a moment to dispel the notion that there is precedent for the SEC/Government stepping in to "shut this down". If Burry, Baum, Brownfield, or the perennial favorite Greg Lippmann (I'M JACKED TO THE TITS) could've been shut out, they would have. They're legends now, but at the time, they had no more clout in the industry than any ape, realistically.
+
+I do truly find it endearing that so many people here are still willing to theorize about specific date targets, and I no longer criticize this because I really do believe diamond hands will prevail no matter what, and that not even a never-ending hype cycle will stop apes. However, I must remind you to be patient. Stay just as angry, hungry, and determined as you are, but also be patient. Because while they can knock this down, drag this out, kick the can, punt the baby, defenestrate the roomba, they CANNOT get out. If there was a way out, they would've taken it long before retail interest reached a fever pitch. Since the end of grandfathering in 2008, there are simply zero legal options to resolve this that don't end in catastrophic and permanent lack of faith in our markets. Unless. Apes. Sell. So......don't? 😁
+
+One last thing:
+
+It seems a particularly popular form of FUD these days to harp on "how bad this will be for the average citizen". I'll dispense with most of the traditional responses to this. "DTCC has insurance", "It's not that expensive with geometric mean", etc. The impact on the average citizen will be nowhere near as great as the average shill or hedgie would have you believe, as there's not a legitimate housing crisis underpinning the entire goddamn thing and we're not offloading garbage on sovereign wealth funds. It's Gamestop, for god's sake. But I digress. Let's pretend for a moment that it is as bad as they say.
+
+Let's pretend for a moment that the Fed printer goes BRRRRR and the American public is on the hook for...let's say....4 trillion. A nice 5m+ per share exit. So....roughly twice that nothing stimmy we just got. Roughly what we've printed this year already. Sure, retirement portfolios will take a hit. For most people not right at retirement age, the ensuing rebound will square their portfolios, and for those that can't wait it out....well, their community/region is now flush with tens/hundreds/thousands of apes looking to help out. But the most important thing, by far, is that the cycle of bullshit goes away. This kind of scenario HAS to happen in order for the general public to be protected from themselves. A set-it-and-forget-it 401k is always going to be the primary bagholder in these situations, and only one bad enough for Wall St will scare them into behaving even REMOTELY responsibly.
+
+TLDR: The squeeze is inevitable. The only steps that would prevent said squeeze:
+
+-   Have never been taken before.
+
+-   Would annihilate global faith in our markets, likely forever.
+
+-   Will. Not. Happen.
+
+Those living in abject fear (the shorts) will do their absolute worst to shake your faith. With their considerable resources, a lot will seem scary. It isn't. Because you've already won. And this is what's desperately needed to protect global retail investors from this type of predatory behavior. Only when a "revered" firm of sociopaths gets curbstomped back to the fundraising stage by retail will this level of fuckery be ameliorated.
+
+Stay strong, stay mad, stay vigilant, you beautiful, stupid, stupidly beautiful mother fuckers. As the immortal Penguin Prison said [the first time around](https://youtu.be/LxfZRd9R4VI), "YOU GOTTA SQUEEZE, SQUEEZE!" See you on the other side. 🙌💎🚀❤
+
+YOU FUCK WITH MY MONEY, AND YOU'LL BE SORRY!

Confirmation-Bias-and-Discussion/2021-05-28-Flash-Crash-Warning.md

@@ -0,0 +1,34 @@
+FLASH CRASH WARNING - 4000 6/18 300 puts bought last friday, 1000 were exercised on monday to cause the end of day mini-crash
+=============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/trust-theprocess](https://www.reddit.com/user/trust-theprocess/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+As the DD has shown they use ITM puts as an expensive last resort to drop the price. Those 4000 puts cost over 51 million.
+
+This is by far the highest open interest for any ITM put in the entire option chain
+
+They may unload the remaining 3000 to try bomb the price down before these mass amount of calls expire ITM today, and so there isn't a 3 day weekend of FOMO buildup.
+
+Do not set stop losses
+
+* * * * *
+
+Edit: Well damn I had to go out right after posting this and came back to it being the top post on the sub, lmao
+
+Want to address this:
+
+How do ITM puts drop the price?
+
+I see a lot of people asking this, I read it in [this DD](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), basically all options put pressure on the price, calls = upward pressure (see January gamma squeeze), and puts = downward.
+
+How does it go down if the strike they're exercising is higher than the stock is trading and someone has to buy it from you at 300? The same way it goes up when ITM calls are exercised at a lower strike than the current price and someone has to sell it to you at 200. What are the mechanics that make it work that way? I have no idea, I'm as retarded as the next ape
+
+They also use OTM puts to hide the SI% which can be seen when they have to report to FINRA, and they use ITM calls to satisfy FTDs which has been part of the T+21 cycles. They've been abusing options to manipulate and kick the can from the beginning.
+
+I'm not sure if that exact date+strike was used today, but quickly looking over the chain for all dates it looks like hundreds of them have been exercised since yesterday just among the top 10 highest OI ITM puts $300 or higher

Confirmation-Bias-and-Discussion/2021-05-30-Margin-Calls-Forced-Liquidations-and-Melvins-Short-Position.md

@@ -0,0 +1,105 @@
+Margin calls, forced liquidations, and estimating Melvin's short position!
+==========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yamayakuzaki](https://www.reddit.com/user/yamayakuzaki/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nod4sg/margin_calls_forced_liquidations_and_estimating/) | 
+
+---
+
+
+[𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%B6%F0%9D%98%80%F0%9D%97%B0%F0%9D%98%82%F0%9D%98%80%F0%9D%98%80%F0%9D%97%B6%F0%9D%97%BC%F0%9D%97%BB%22&restrict_sr=1)
+
+EDIT 4- I apologize in advance if any apes have seen this on the other sub. I realized I cannot cross post, and was advised to create a new post, so here it is.
+
+I'm seeing a lot of Apes assume that "When Marge comes calling, Team Shitadel will be forced to cover". This is not entirely accurate, and here's a post to help Apes understand how Margin calls work. Also, scroll down to Edit 2 and Edit 3 for my ballpark of how many shares Melvin shorted on Jan 25.
+
+Margin calls are not necessarily always going to result in shorts covering
+
+While margin calls CAN lead to shorts having to cover, this only happens in one of two scenarios:
+
+1.  the short seller voluntarily chooses to close their position because they do not have the funds to increase their collateral requirements
+
+2.  the short seller cannot fulfill its collateral requirements (defaults) and the lending broker takes the short seller's collateral and if required, any other assets owned by the short seller, liquidates it, and goes out to the market to buy back the share
+
+If the short seller is able to post sufficient collateral when they get margin called, nothing happens. They do not cover.
+
+How does a margin call actually work?
+
+To short a stock, you need to borrow it. To borrow it, you need to post your initial collateral (which is typically 150% the value of the short sale at minimum...) and pay those insanely low borrowing fees. Let's ignore the borrowing fees and why they're so low and focus on the collateral aspect.
+
+If and when the current stock price increases over the initial collateral amount each day, you face a margin call and are asked to close the position or increase your collateral (maintenance collateral) based on what the maintenance margin is (which ranges from 25% - 40% depending on the broker, but typically 30% on the NYSE) together with the total current value of the short sale value. I'm seeing margin requirements for RETAIL going up to 300%, but afaik, institutions are still at the 25% - 50% range.
+
+Initial collateral posted for short sales is short sale value + margin requirement
+
+So let's say, purely as an example (they very likely shorted WAAY more than this example), Shitadel initiated a short sale for 1,000,000 shares when it was at $40. The initial collateral required was short sale value + margin requirement, or $40 x 1m = $40m + 50% of $40m = $60m posted to the lending broker. This example also assumes they did NOT continue to add more shorts (which we know they did), or naked short (as naked shorts don't require collateral and are a whole different discussion).
+
+As and when the stock price increases, Shitadel needs to deposit additional margin (the Margin call) if the total margin requirement is more than the existing collateral. If they can't do that, they can choose to voluntarily close their short position, or get force liquidated.
+
+It's not WHEN Shitadel gets margin called. They already got margin called many times. It's when they can't meet the collateral.
+
+This is not a one time thing - it happens EVERY TRADING DAY the price rises to the point where collateral needs to be increased. Shitadel has been margin called multiple times since the time the stock price was $40. They've just been able to either bring the stock price down so they don't need to post as much collateral, or they've liquidated assets to meet collateral. Let's look into this a little bit more.
+
+After the initial collateral, maintenance collateral is calculated as short sale value (based on current price) + maintenance margin requirement
+
+(let's use 30% as the maintenance margin for example).
+
+When the price went up to $45, the total margin requirements for Shitadel were $45x1m = $45m + 30% of $45m = $58.5m, so they wouldn't have got margin called since the requirements are still less than the initial collateral of $60,000.
+
+When the price went up to $50, the total margin requirements were $50x1m = $50m + 30% of $50m = $65m. They would have gotten margin called for the difference of $65m - $60m = $5m.
+
+Fast forward to when the price went up to $277 ish ... the total margin requirements were $277x1m = $277m + 30% of $277m = $360.1m.
+
+At this point, Shitadel would have had 5 days to meet that margin requirement (by liquidating other assets including crypto), or try to push down the stock price to a more manageable level.
+
+Shitadel gets money back if the price goes lower than what the initial short sale value was
+
+If the short sale value decreases (which is what the short seller was banking on) relative to what the share value was when the short sale was initiated, margin requirements also decrease, and they get money back.
+
+So taking the initial example where Shitadel shorted 1,000,000 shares when it was at $40, if they were successful in dropping the price to $20, the margin requirement would have been $20 x 1m = $20m + 50% of $20m = $30m and they would have gotten $60m - $30m = $30m back. (whenever price falls, short sellers are required to have an additional 50% additional margin instead of the maintenance margin of 25-40% when price increases).
+
+What does this all mean?
+
+Well, it means that the margin call resulting in Shorts having to cover will only happen when the price of GME increases to the point Team shitadel would not be able to post the additional required collateral. This is not one magical price, but one that could be triggered in a domino effect, like countless DDs have speculated, where the smallest SHF gets forced to cover, share price increases, forcing the next SHF down the line to cover etc....all the way to the point where ALL SHORTs run out of funds to cover, upon which the responsibility goes to the lending broker, and then up the chain all the way to the DTCC and their insurance.
+
+That's why we see them trying so hard to keep the price down so they can keep their collateral requirements "manageable", and days where the entire market (and crypto) are red because they need the liquidity to satisfy maintenance margin.
+
+Short positions opened recently
+
+The above examples all use shorts opened $40 and below. As we all know and speculate, team shitadel's also opened short positions ABOVE $40, but the concept still applies. They'd still have to post the collateral and maintain the margin requirements as and when the price fluctuates, and IF AND ONLY IF they can't meet that margin requirement, the collateral is used by the lending broker to go out to the market to buy a share back to close the position.
+
+EDIT: The obligatory link that apes like. [See here](https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD086.pdf) - this document is from TD Ameritrade called the Margin Handbook and describes margin, margin requirements, and margin calls in detail.
+
+EDIT2: [u/lvprentiss9](https://www.reddit.com/u/lvprentiss9/) asked a question in the comments about Melvin getting their $2b+ cash infusion. This gave me an interesting thought. We can estimate Melvin's short position as of that date. Not exact of course, just a ballpark to get a feel for what we're talking about here.
+
+SPECULATION TIME
+
+- After the trading day on Jan 25, Melvin reported receiving a cash infusion of $2.75 billion. The stock price closed at $76.79
+
+- The previous closing price on Jan 22 (before the weekend) was $65.01. So between these two days , the collateral required for Melvin not to get margin called and default would have been whatever they already posted for collateral as of Jan 22 (when the price was $65.01) + $2.75 billion.
+
+Jan 22 - the total collateral required would have been 1.3x 65.01x # shorted shares, or 84.513 x # of shorted shares
+
+Jan 25 - the total collateral required would have been 1.3x76.79 x # shorted shares, or 99.827 x # of shorted shares
+
+The above is assuming their lending brokers charged them 30% of the short sale value. could have been more, or could have been the FINRA minimum of 25%, but 30% is pretty standard. We don't care about when Melvin opened their position, or at how much...we just know that from Jan 22 - Jan 25, they had to increase their collateral or risk defaulting.
+
+So Jan 25's 99.827 x # of shorted shares minus Jan 22's 84.513 x # of shorted shares = 15.314 x # of shorted shares. This is the delta that required that 2.75 billion cash infusion.
+
+What do we get when we solve for # of shorted shares? 2.75 billion / 15.314 = 179,574,245.79 shares shorted.....Melvin alone shorted the entire float and the shares outstanding MANY MANY times over..... since then, since we know they didn't cover, there could only be MUCH HIGHER shares shorted....especially when you add in naked shorts and regular shorts from other short sellers! This is not even accounting for the January squeeze as it's before that, and they could have been required to post even more collateral, or it could have been the reason RH and others prevented buying...regardless, this is speculation across two data points..
+
+Edit 3: BUT WAIT, that's just a little too optimistic. GME is likely not Melvin's only short position
+
+Exactly - 179M shares shorted is very optimistic, but gives you an idea. For years, GameStop was the no-brainer go to for short sellers, so it would be reasonable to assume GME would constitute a large portion of a short seller's position. Let's look at more conservative numbers:
+
+1.  If GME was only 25% of Melvin's total short position at risk of default, then it stands to reason that the 2.75 billion cash infusion was not JUST for GME....if 25% of the 2.75 billion was flagged for GME (and the rest for all of Melvin's other short positions at risk of margin default), then (2.75 billion / 15.314)x25% = 44.89m GME shares shorted. Which is more than the float. We also know Melvin was not the only short seller. So imagine this, multiplied across the many short sellers and add in naked shorts... it's no wonder they only reported the maximum allowable short interest back then (140%) and tried to hide those numbers since.
+
+2.  If GME was 30% of Melvin's total short position at risk of default, that would be $53.87m shares shorted.
+
+3.  If GME was 50% of Melvin's total short position at risk of default, that would be $89.79m shares shorted.
+
+That's why I've come to the conclusion that even though my numbers are ballpark and that there is a possibility that not all 2.75 billion was put towards the collateral maintenance specifically for GME as of that date (they definitely would have needed it during the jan spike), it'd still be f'in high!!!
+
+DISCLAIMER - I've made assumptions in these calculations, but I believe the theory behind it is sound/reasonable. Let me know what you think! Of course, this is an estimate and doesn't account for things like the 2-5 day margin call response period, or what happened after jan 25th, or whether Melvin needed the 2.75b to cover other short positions that are not gme or planned to keep part of the 2.75b to do other fuckery.
+
+TLDR: Margin calls do not necessarily guarantee shorts having to cover. This only happens when they can no longer fulfill their maintenance margin requirements. I ballparked Melvin's short position on Jan 25th using these formulas. it's between 44.89m if you're conservative, up to 179.5 m if you want to be very optimistic!!!! Remember, this is only Melvin's short position....factor in ALL the other short HF's positions, and naked shorts...and this, fellow apes, is also one of the reasons why I am pretty zen like when i see the price fluctuate - it does not matter what the price is now...as one day, they will need to cover all these shorts and then fellow apes, we'll party.

Confirmation-Bias-and-Discussion/2021-05-31-The-Tables-will-Turn.md

@@ -0,0 +1,88 @@
+The tables will turn
+====================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/isnisse](https://www.reddit.com/user/isnisse/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/) | 
+
+---
+
+[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Introduction
+
+For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later.
+
+In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF's. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression.
+
+To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken).
+
+Disclaimer:
+
+1.  It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated.
+
+2.  I am not a professional data analyst, nor am I claiming my points as objective truth, I'm simply an ape that like the stock.
+
+3.  It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish.
+
+4.  Keep in mind that I'm a Europoor. I use a European version of excel, that's why you see ","s where "."s should be.
+
+5.  I'm not that good at exceptional regression.
+
+Goal:
+
+- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen.
+
+- I'm using exponential regression and comparing when the breakthrough is going to happened.
+
+- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter)
+
+Data collection:
+
+I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/)
+
+The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression.
+
+Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then.
+
+Outcast of the data:
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821)](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821)
+
+I manually typed the numbers in. But I checked it twice and it seems like there aren't any typing errors.
+
+Data input 1: Highest price for each day since Feb. 19th
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884)](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884)
+
+It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line.
+
+Important note: R^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R^2 regarding highest price for each day is closer to 1.
+
+Data input 2: Lowest price for each day since Feb. 19th
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04)](https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04)
+
+As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action.
+
+Comparing data (Speculatory breakthrough date):
+
+-   "Highest" = From Highest price on x day
+
+-   "Lowest" = From Lowest price on x day
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc)](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc)
+
+Datasets 1 and 2 + breakthough point
+
+[![r/Superstonk - The tables will turn](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535)](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535)
+
+x = Day 78 y = Price
+
+-   Breakthrough = (78.28, 214.72)
+
+As seen on the graph above it shows that the highest price will cross the lowest price on day x78, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do.
+
+Conclusion:
+
+June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth). It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into o

Confirmation-Bias-and-Discussion/2021-06-03-Price-Action-is-Shockingly-Similar-January-February-and-March-Runups.md

@@ -0,0 +1,107 @@
+PRICE ACTION IS SHOCKINGLY similar to NOT ONLY the 2/24-3/10 runup, but also to the JANUARY run from $20 - $480. T+35 / T+21 elaboration.
+=========================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/sharp717](https://www.reddit.com/user/sharp717/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrud2r/price_action_is_shockingly_similar_to_not_only/) | 
+
+---
+
+
+[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+I'll start with the usual: I am not a financial advisor. I do not provide financial advice! Everything following this is opinion/observation. Much of my knowledge of the markets has been acquired through reading countless hours of DD posted by others in this sub.
+
+I'm not one to buy into the echoed phrases of this sub... but I am in fact JaCKeD tO tHe TiTs!
+
+OBLIGATORY - BuY & HoDl!
+
+Now that that is out of the way, I would like to reference a few authors and their inspired DD that helped get me to this point of jacked tits. The below DD's are a must read if you have not already. I will attempt to summarize these briefly below.
+
+[u/Criand](https://www.reddit.com/u/Criand/):
+
+[1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) The flurry of rules before the storm. GME might be hitting T+35 and T+21 next week
+
+[2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) Things are shockingly similar to the February 24th and March 10th runup
+
+[u/myplayprofile](https://www.reddit.com/user/myplayprofile/) - I Got What You Quant ([Link](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3)) - this is just one of the authors DD's, but it goes into linear correlation which is now shifting to logarithmic correlation between GME & AMC prices. AND he explains how there is the possibility that AMC is being used by hedgefucks to hedge their GME losses.
+
+_________________________________________________________________________________________________
+
+This post is focused on [u/Criand](https://www.reddit.com/u/Criand/)'s DD, which enlightened me and many others as to what the fuck has been going on with the 21 day / 31 day FTD cycles.
+
+Basically his DD ([1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/)) is the most accurate hypothesis that we have to date regarding the FTD cycles, and DD ([2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)) shows how this theory is now supported by the price action seen on May 25th and in the following days.
+
+Key Points:
+
+-   He clarifies the confusion around why the standalone T+21 day FTD cycles, which have been shown to cause price surges, do not act the same way as they did during the $480 run and the $350 run.
+
+-   Explains how the Feb-March $350 run was caused by a dual event of T+35 & T+21 day FTD cycles occurring in close proximity to one another (back to back trading days)
+
+-   Notes that the Feb 24th initiation of the run up to $350 was exactly 10 days before we peaked at $350
+
+-   He references [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s DD, which shows how gamma neutral spikes on day 1 of the $480 and $350 price run ups, returns to normal for about a week, and then spikes up massively again, initiating the January and February Gamma Squeezes
+
+Below is my furtherment of [u/Criand](https://www.reddit.com/u/Criand/)'s work all in one concise graphic which feels oddly like a child to me right now. Not sure if that is just because I have not really written any DD's before.
+
+Please click the image to view it blown up and actually take in what is being laid out for you with my lovely computer crayons which I swear to god I don't eat... EVER.
+
+[![r/Superstonk - PRICE ACTION IS SHOCKINGLY similar to NOT ONLY the 2/24-3/10 runup, but also to the JANUARY run from $20 - $480. T+35 / T+21 elaboration.](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77)](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77)
+
+Transparent boxes represent the initiation of the combined T+35 / T+21 day price movements + 6 days (because it has only been 6 trading days since
+
+Notes:
+
+-   I am not sure why I called the $480 and $350 price run ups in the visual "Micro Squeezes", but thats what came to mind. Perhaps gamma squeeze is more appropriate given [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s recent DD?
+
+-   Yellow is micro squeeze 1
+
+-   Blue is micro squeeze 2
+
+-   Pink is the past 6 days
+
+Alright folks. I have talked a lot about other peoples work, and given you a graphic. Now comes my value add.
+
+Key observations:
+
+-   Not only was it a 10 trading day ramp up from the February 24th initiation to $350 on March 10th, but it was also EXACTLY 10 TRADING DAYS between the January 13th initiation to the $480 peak on January 29th. My reason for calling this out specifically is that it strengthens the theory surrounding the combined T+35/T+21 day price movements, and helps us further establish that we could potentially go PARABOLIC AGAIN 10 trading days from 5/25 on JUNE 9th. Will they be able to stop us this time? Maybe it doesn't even matter if the do... See my next points
+
+-   In the aftermath of the January "micro squeeze" the Dec-Jan price floor of ~$20 DOUBLED, and the new price floor was set at ~$40 between Feb 5th - 25th. In the aftermath of the Feb 24th - Mar 10th "micro squeeze" the price floor of ~$40 TRIPLED, and the new price floor was set at ~$120 between Feb 5-25. Given that the price floor doubled and then tripled after these two events, could we be expecting the new price floor of more than 3X $120? (That would be a price floor of $360+ for those of you who needed help there)
+
+-   Edit to previous bullet. A wise ape suggested I un-jack my tits a bit, and he makes a fair point that "We can't assume that since it doubled in January from $20 to $40 and tripled in March from $40 to $120 that therefore the next floor must be more than 3x $120. What if the rule in the sequence is +20->+80->+140? Or what if +20->+80->+20->+80?" I have included this just to explicitly state that my question "could we be expecting the new price floor of more than 3X $120?" by no means is intended to say the price floor WILL triple again. I feel like this is a good point to say that this is speculation and theorization based on observation and nothing more. None the less, I am jacked to the tits.
+
+-   The MACD line has literally only had significant crossovers ([golden cross](https://www.investopedia.com/terms/g/goldencross.asp#:~:text=What%20does%20a%20golden%20cross%20indicate%3F,under%20a%20short%2Dterm%20MA)) 3 times this year.
+
+    -   Event 1, Yellow ($480 run)
+
+    -   Event 2, Blue ($350 run)
+
+    -   Event 3, Pink (May 17th - today)
+
+Additionally, I have plotted trend lines for each of the events.
+
+-   Event 1 (Yellow) we saw a 10 day increase of roughly 1,733%
+
+-   Event 2 (Blue) we saw a 10 day increase of roughly 770%.
+
+-   770 / 1733 = 44% or a 56% reduction in 10 day price increase, although the price was starting from a floor of $40 instead of $20.
+
+-   44% of 770% would be 338% starting from $120 which would mean a peak price of ~$405 in event 3, IF this short pattern continues exactly the same.
+
+-   THIS PATTERN WILL NOT CONTINUE EXACTLY THE SAME.
+
+-   I am only observing the trend of the current pattern. The sample size here is literally 2 events, albeit 2 very unlikely "coincidental" events. And I don't believe in coincidence.
+
+-   The pattern will break for many reasons, but the main reason is that hedge fund manipulation literally cannot continue forever.
+
+-   Once they get margin called its off to the races, and hopefully this event is the straw that quite literally breaks the camels back (Kenny G, you are the camel)
+
+Oh yeah... forgot about this one. LOOK AT THE VOLUME. ITS LITERALLY FUCKING INSANE. MEDIA IS PUSHING AMC, KOSS, ANYTHING OTHER THAN GME AND YET WE HAVE RUN UP FROM $132 (April 13th) TO $290 WITHOUT A SINGLE TRADING DAY VOLUME GREATER THAN 21 MILLION. WE SAW VOLUMES OF MORE THAN 150 MILLION IN JANUARY. WHAT THE ACTUAL FUCK.
+
+Alright guys. To summarize. We could be looking at going parabolic again on June 9th based on the pattern identified by the authors I mentioned above. The price action and technical signals are bullish as fuck. I fucking love all you mother fuckers who are holding this thing, and I will be holding till we can change the world.
+
+Last note. For dope technical analysis please check out the absolute man [Tradespotting](https://www.youtube.com/channel/UCI24I7XHA2yY4Fs-pVmplpA). I think this is his reddit [u/Frigerifico](https://www.reddit.com/user/Frigerifico/) and this is his [sub](https://www.reddit.com/r/tradespotting/). He's not some highly viewed bullshit youtuber. He's a genuine Scottish dude who is passionate as fuck about GME and is amazing at technical analysis. The dudes literally inspirational and will literally calm your fucking nerves about this whole thing. Literally.
+
+Trust the process Apes. See you in the far reaches of space.
+
+Edit: Formatting

Confirmation-Bias-and-Discussion/2021-06-07-A-Theory-of-Everything.md

@@ -0,0 +1,74 @@
+Final Pre-MOASS Post: A Theory of Everything (My Convo With Papa Broviet) 🙌💎🚀❤❤❤
+===================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Broviet](https://www.reddit.com/user/Broviet/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu8ycl/final_premoass_post_a_theory_of_everything_my/) | 
+
+---
+
+[Opinion 👽](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&restrict_sr=1)
+
+Well well well well wellllllllllll well.
+
+Where do I even begin? I'm high, tipsy, and just trying to come to terms with this past weekend. I saw my father for the first time in over a year today. Some of you know me, some of you don't, so I'll give you the quick rundown. Pops is a former MD at a major Wall St firm, reserved and skeptical boomer, who at the same time loathes market manipulators and regulatory bodies. BIG YUGE long-on-GME ape-loving genius boomer. He has his biases, but he's objective to a fault, and this weekend marked an enormous change in our relationship. I've legitimately been on the verge of tears for the last six hours just thinking about what you guys, and he, mean to me, and how on Earth I was going to try to structure this post.
+
+So I've decided... not to, really. I'm just going to tell it stream-of-consciousness as I felt it, not as I "wrote" it. You can choose to take from it what you will. Take inspiration, take resilience, take whatever, or nothing at all. I truly don't care. I've been found and contacted, received buyout offers, received threats, received threats about revealing threats, it is what it is. What happens to me, you the reader, or any of us, is out of our hands. We stand and fight and what happens happens. But this weekend changed me, so I'm gonna be telling it like it is. Warning: this is gonna be LONG. If you don't want to stick around, I don't blame you. This is just a story of a kid finally meeting his dad on common ground, and there are plenty other BRILLIANT posts. For those still interested...
+
+My father and I's paths to Finance were vastly different. Out of college, he was pursuing an entirely different vocation before switching to Finance, whereas I went towards it directly after school. He had his MBA before setting foot on a much kinder Street. Whereas mine marked the end of my appetite for endless moral qualms and empty bottles. So he settled in as a much more journeyed and composed adult, whereas I floundered. I tried to salvage it with a graduate degree and a focus change, but it did nothing for me. To this second, my parents still don't know that most of the time they thought I was on the other coast of this continent doing consulting work, I was on another continent(s) working for a couple public sector entities. International Relations was always my greatest educational love, so I wanted to try my hand at humanitarian/peacekeeping work, and enjoyed it a great deal. If I lost a tooth, I'd tell my mother I took up boxing and had a rough day sparring. Or that my constant cough was a result of change in climate and not pollution. If they ever read this, it'll be the first time they've heard. Still haven't decided if I do or don't want them to ever find out.
+
+Eventually, that experience broke me down, and I returned home to pursue an entirely new industry and career path, which I also love. Diving into behavioral economics and data science has been incredible, and GME couldn't have hit at a more perfect time. Y'all are everything to me, truly. I had barely even dabbled in investing since I'd left the Street, and you not only brought me back full tilt, but have also shown me what I want to do for the rest of my life. As a thank you, if I can, I want to give you the most insight I can into a genuine battle between the skepticism and disbelief that comes from age, wisdom, and shattered expectations, and the hope, optimism, and doggedness that can only be born of youth.
+
+We discussed everything. [/u/atobitt](https://www.reddit.com/u/atobitt/)'s prescient HoCs, leavemeanon's speculations regarding ETFs and arbitrage, sovereign wealth funds divesting from USD, Fed divesting corporate bonds, MSM brainfarts, etc. You name it, we went over it. And after it all, he was still cautiously optimistic. You have to understand... this man was not born with a silver spoon. I was, thanks to him. He busted his ass, one of many kids, and ascended to the top of the industry. He earned every dollar he ever made, and I would put his moral compass up against anyone else's on Earth, and that's "on God", as the younger apes say. So while he was there, he was able to benefit from having the power of the system behind him. But once he was out, he was just another John Q Public. No matter how he worked, that was how he lived. And he would always tell me, same as you'll hear on Superstonk, "Nobody is your friend. They're always gonna step in and bailout the offender, because it's easier than the alternative."
+
+And he planted that notion firmly in my head. Thankfully, 6 months with you glorious bastards has eradicated my doubt.... But I was a kid in 2008. This dude lived through '62, '73, worked through Black Monday, Black Wednesday, Dotcom, and, with all that knowledge, watched '08 unfold in front of his eyes with complete and total understanding of the fuckery afoot. He saw, as he calls it, the government's preferred method of "dealing" with these situations. Stepping in and "taking over" the offenders. Years later, those offending institutions are right back to their old game. No justice for retail. NEVER. Like you guys say, they're ALL out to get you, you have no friends in this game, you can't win....
+
+"But," I asked, "What if they CAN'T step in and unwind this?" He asked why that wouldn't be possible. So I explained that, if everything we'd just discussed was accurate, there are, at minimum, hundreds of other mini-GME bombs out there just waiting to detonate. The SEC abolished grandfathering/"forgiving" phantom shares in 2008 after the Overstock situation was exposed, swearing they'd never do it again. So...let's say they decided to do something similar and spit in the face of their own regulations. They step in and shut it down, forgiving all those shares. So now you've pissed off 5+ million retail investors, dozens of sovereign nations, and everyone is frothing at the mouth, calling for heads to roll. People might already be out in the streets, orchestrating massive movements that co-opt the many already-existing groups of citizens with massive disdain for the current system....
+
+And while that's happening, you've still got hundreds of other companies shorted to the tits that you need to address. What are you gonna do? Start working your way down the list, giving Wall St a do-over on every last one of them? Try that shit with the whole world watching, as their retirement accounts tank 60%, because that's where it's going regardless. "So how do they fix it piece by piece?"
+
+That was the longest silence of my life. I had gone full tin foil, as far as my family is concerned. I was making connections that bordered on irresponsible, but I hadn't been immediately shot down yet. My father has this..... very judgmental expression that he somehow limits solely to his eyes. But even those alone just scream "You're an idiot, but I love and pity you." Instead, I was now getting "hold on, lemme think." Then he said it. "They cant."
+
+This was the breakthrough that I'd been searching for, without knowing it was there. I had no idea that his mental block as to the possibility of a deviation from the status quo hinged on the severity of a situation. He had never seen something THIS systemic before. There was always a culprit, or culprits. I was able to convince him to buy in because he believed in the fundamentals, but he never REALLY believed that it had the capacity for such a monumental squeeze until just now. Because by his view of the government's favored "M.O.", they would just step in and take over. Well, if the government needs to "own" Fannie Mae, Freddie Mac, the ten largest banks, most hedge funds, the DTCC, and every other large regulatory and clearing institution just for their citizens not to be destitute, maybe it's time they just take the whole thing over, eh?
+
+He agreed that this course of action was simply untenable. "So...what's the right play?", I asked.
+
+"I don't know."
+
+Not sure I've ever heard those words from him before.
+
+With all his somberness in how he said it, his eyes somehow brightened. Like..... somehow, the fact that his brain didn't IMMEDIATELY take the skeptic's path amused and enthused him. We are different. We were born with this hope, this insane belief that we could somehow claw our way through all the bullshit to a meaningful existence, all thanks to beautiful internet movements like this one. His eyes now screamed "there's something to this. I don't know what this feeling is, but for once it's not disappointment." It was beautiful. I don't think I've ever been more ecstatic to score such a small victory.
+
+This was his core tenet. After all, one of his favorite quotes is a Superstonk staple, by J Paul Getty: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." He was amazed that they may actually have dug the hole THAT fucking deep, and he just opened up. He actually entertained a MODERATE amount of my tinfoil! We talked about how the implications of this.....
+
+Okay, time out. I gotta address this. To the "the market is not the economy" squad: FUCK YOURSELVES. When the hole is THIS deep, it penetrates not just the economy, but geopolitical power dynamics. Take, for example, our relations with South Korea and Japan. When I informed pops that the Russians had divested their USD holdings, he commented about the paltry amount that was compared to an entity like China. Come to find out, Japan, one of our most important allies, holds more US treasuries than the mother fucking PRC. And how Korea had abolished naked shorting a month after learning of its existence. Whereas their greatest strategic ally was allowing this behavior to continue unchecked, to the point where U.S. markets collapse, cascading and destroying the Korean market in turn. How many sovereign nations must we betray before everyone turns on us? How many global citizens must we disenfranchise before we are exiled from the global community? Okay, sorry, moving on!...
+
+Dont take this the wrong way....but my father hates Europe. Well...mostly France. I kid I kid. He's one of the most inclusive dudes ever. But he's also a rurally-raised, All-American boy that jokes about soccer being communist and the French rifles being "never fired, dropped once". Truly all in good humor, but he's just...that dude, you know? But that dude, swear to god, actually said "If they actually stepped in and stopped this from happening....I really don't know why anyone wouldn't just immediately move to Europe."
+
+Blew my mother fuckin mind, y'all. I can't even put it into words.
+
+He drew a connection this weekend. He's a huge golf fan. His favorite golfer is Brooks Koepka, who hates this other golfer Bryson DeChambeau, who hates him back even more. Pops was THOROUGHLY amused to find out that Koepka was offering free beer to people that taunted DeChambeau on social media. He then likened that situation to the power of the GME memes I'd shown him courtesy of Reddit and Twitter...
+
+He was getting it. He was seeing the value in our way of doing things, and the power it has on society. How it drives engagement, involvement, INTEREST. Leveraging the fascination with social media to drive REAL interest to a cause.
+
+I don't know what's gonna happen for sure. Neither does pops. All we've managed to see eye to eye on is that the government has two options. In either, the current system goes away. Either you leave retail with one last giant "FUCK YOU!", leaving millions disenfranchised and destitute, chomping at the bit for politician and banker blood. Or you give retail a win. One fucking win, as a gesture of good faith, that whatever new system that arises from the ashes of this fraudulent one might be the SLIGHTEST bit friendly to middle America.
+
+Pops was mystified by the lengths we were willing to take this. 6 months of endless fuckery. 24/7 FUD, no safe harbor in sight. And still we persevered. He believes that we've finally reached Malcolm Gladwell's "Tipping Point", that us 20% of people were finally doing the 80% of the work necessary to meet the Pareto Principle. That the citizens of the world finally had sufficient interest and involvement to to drive undeniable change. And that that is what we are seeing right now. There are so many eyes, so many fingers, so many minds on this trade, there's no way to lose. We have no liquidity requirements. We have no deadlines. We just BUY. We just HODL. That's all there is. That's all there's ever been. Apes have awakened and discovered this principle, and they truly believe it. Pornstars are posing with 'The Intelligent Investor'. Floyd Mayweather is wearing CRYP70 shorts into his fight. I'm personally seeing Shibecrap headlines by boomer news anchors on NYC cab screens. This shit is really and truly mother fucking unprecedented.
+
+History doesn't repeat itself, but it does rhyme. Much like the boom/bust cycle, the wave recedes only to crash harder the next time around. The proletariat is only docile until they're not. Is this the wave that levels everything?
+
+"I don't know. But it's sure gonna be interesting", pops said.
+
+I'm not sure I can properly thank you all for opening my father's mind up to the idea of a decentralized movement triumphing over entrenched power. I really, truly, deeply, and forever will love each and every one of you. No matter what happens, I know what I want to dedicate the rest of my life to, but I (and papa Brov) are pretty damn bullish about the fact that apes have adopted an entire second job to combat fuckery.
+
+Which brings me to my last point. I know you are all just as flabbergasted as me that we've managed to beat hedgies into submission when this isn't even our day job. But that's just the point. If you're still reading this, you've dedicated most of your free time for the last 6 months to this movement. You've read every DD, every News, every Opinion, just to make sure you've got the full picture. And the result? You've got a better picture than the people you're up against. Because you genuinely care. Feel pretty good, eh? Well.... I hate to be the bearer of bad news, but this isn't magic, it's math. This isn't a miraculous movement. You saw a problem, you identified the issues, and went about solving them. Hundreds of thousands of you. And what you were left with was a prime example of "wisdom of the crowds". One step ahead in every way. Smarter, better, faster, stronger. I worry that some of you are viewing this battle in a vacuum, rather than as what it represents...
+
+We can call for campaign finance reform, to expel outside influences, etc, but at the end of the day, the only person you can trust is YOURSELF.
+
+This is something you need to understand. This trade, this movement...is not a mistake. Because of the wisdom of the crowds, we accumulated enough data to make an intelligent play. But going forward..... you must understand this is your new second job. Yes, it already has been for months, but now we're making it official. If you want to beat the street, you have to put in the hours. Thankfully, between us, we have hours to spare! But only if you remain diligent. This is your life now. Even if the current system collapses, the next one will be built against your interests. Are you ready to put in the work to combat fuckery? I think you are. So does pops.
+
+I saw a light in my father's eyes this weekend that I've never seen before. And I've never felt closer to him, and it's all thanks to you. So much love to each and every one of you.
+
+TLDR: "The price of liberty is eternal vigilance" - Wendel Phillips
+
+🙌💎🚀🚀🚀🚀🚀🚀❤❤❤❤❤❤❤❤❤

Confirmation-Bias-and-Discussion/2021-06-08-350-Might-Be-Endgame.md

@@ -0,0 +1,30 @@
+$350 might be the absolute endgame. Here's why.
+===============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Schwaggaccino](https://www.reddit.com/user/Schwaggaccino/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvc6g5/350_might_be_the_absolute_endgame_heres_why/) | 
+
+---
+
+[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+I feel like $350 at close is the absolute endgame for hedgies. True, don't place your faith in any dates or numbers however, over the course of the past 5 months, we've got more and more data and are now able to notice certain patterns and trends. Right around the ballpark of $350 (could be $348 or $352 - give or take a few) is where we see a crazy amount of resistance from shorters. Forget about peaking at a really high number for an hour, we are more concerned at closing at a really high number - above $350. Margin calls take place after trading hours. Most hedgies have 2-5 days to meet margin requirements and if they fail to do so, it's absolutely game over and they start buying back in, the dominos start to fall and put an unimaginable amount of pressure on Shitadel and other giant hedgies to stay alive. Let's take a look at some dates.
+
+Reminder: We've never closed above $350
+
+1/27 - $347 at close ($380 peak)
+
+1/28 - $193 at close ($483 peak)
+
+1/29 - $325 at close ($413 peak)
+
+3/10 - $265 at close ($348 peak)
+
+6/8 - $300 at close ($344 peak)
+
+It's not a coincidence they absolutely start shitting their pants above $350 and shorting it with everything they have. The only difference between today and Jan/March peaks are the repo agreements which gives hedgies access to fast cash to meet margin requirements (in other words, they are on life support right now unlike back in Jan/March when they didn't need it). The difference for us are the steadily rising support levels. It's not any easily manipulatable gamma spike with paperhands selling early anymore. There's a solid support line for us to keep their shorts from sending us back down to $40 again. In March, the effectiveness of their shorts weakened from tanking the price from 90% to just 50%. Today, it was a sub 20% drop. Their shorts are becoming less and less effective as the price continues trending upwards on utterly miniscule volume. Tick tock hedgies. Sooner or later we'll close above $350.
+
+Once again, don't place any hope on certain dates or numbers as we've already seen too many come and go, however closing above $350 is just too interesting to ignore. It might be your final chance to buy in.
+
+tl;dr: HEDGIES R FUKT

Confirmation-Bias-and-Discussion/GME-Exponential-Floor-by-JTH1/2021-06-08-Exponential-Floor.md

@@ -0,0 +1,12 @@
+06/08 UPDATE: Slightly more pimped $GME exponential floor tracking chart 🚀🚀🚀
+===============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvcwn5/0608_update_slightly_more_pimped_gme_exponential/) | 
+
+---
+
+[HODL 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+[![r/Superstonk - 06/08 UPDATE: Slightly more pimped $GME exponential floor tracking chart 🚀🚀🚀](https://preview.redd.it/ej6hoobni3471.png?width=640&crop=smart&auto=webp&s=5237ae5339313f057b8c367d211bbb764b9ad13b)](https://i.redd.it/ej6hoobni3471.png)

Confirmation-Bias-and-Discussion/GME-Exponential-Floor-by-JTH1/2021-06-09-Exponential-Floor.md

@@ -0,0 +1,12 @@
+06/09 UPDATE: Buckle up 🚀🚀🚀
+==============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/JTH1](https://www.reddit.com/user/JTH1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw4v9i/0609_update_buckle_up/) | 
+
+---
+
+[HODL 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
+
+[![r/Superstonk - 06/09 UPDATE: Buckle up 🚀🚀🚀](https://preview.redd.it/5qujmiftna471.png?width=640&crop=smart&auto=webp&s=8c5fd9b584a67f968eb1a7136dcb7610849bca68)](https://i.redd.it/5qujmiftna471.png)

DD/2021-05-09-They-are-Running-Out-of-Options.md

@@ -0,0 +1,364 @@
+They're Running Out of Options - Estimating potentially hidden FTDs using public options data
+=============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8gflf/theyre_running_out_of_options_estimating/) | 
+
+---
+
+
+[🤖 SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&restrict_sr=1)
+
+Hello you sexy silverbacks, I'm one of the many silent holders and I'm really hoping at least one ape *tries* to read this shit. It's taken me some time to go through everything and type this up, so go find somebody with a nice deep reading voice baby I MEAN I'M JACKED,
+
+IM JACKED TO THE TITS\
+I've seen scattered posts on a lot of this stuff, but I'm trying fit the pieces into a more linear argument. I do my best to present data and let it tell it's story.
+
+That said, I wrote I a lot of shit down there, so I wrote most of it in a way that hopefully won't make your mom's boyfriend fall asleep while to reading to you.
+
+I think I linked everything I used so ..
+
+Please let me know where I'm off!!\
+( [This important post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Makataui](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Makataui/) - a Psychology professor who's made a living on his ability to logically discern shit- goes over the importance of critical thinking, especially in our dopamine bath of confirmation bias and group polarization !! Save it for later, at the very least. )
+
+Also this isn't advice, some of it will be wrong - it's my interpretationspeculation of data.
+
+It's blind ape's description of an elephant.
+
+TLDR:\
+If you don't like foreplay you can skip to the numbers warning. If you don't wanna read any of it I guess just hodl until Jan 21, or at least wait for a bankruptcy or two. Basically there are so many ways to indefinitely roll FTDs into the future, the number of actual fails in GME, and maybe the whole system Idk, is pretty much a measure of Wall Street's integrity.
+
+//
+
+Okay, so
+
+1\. Options Options\
+I've been digging through [GME options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-04-30-w&moneyness=allRows) for a while, and I found some, uh, colorful numbers. I'm hoping someone less autistic than I am can tell me why they smell like horse shit.
+
+Most of GME's expiry dates, EXCLUDING 7/16/21 and 1/21/22, are pretty boring. Not only are there low volume and open interest, there are far fewer strikes with interest, *especially* at sub $50 strikes. But for July 16 and Jan 21, strikes climb in $0.50 increments up to $5.50. Most other dates begin $5, usually moving in $5 or $10 increments.
+
+Alright I'm losing you already so I'll back up and explain as I go along. If you know this shit already skip to - (???????? ????????)
+
+Each option contract (call or put) represents a non-obligational right to buy (call) or sell (put) x number (usually 100) of shares for an agreed upon price (strike price) per share, by an agreed upon expiration date. These are contracts, not shares - owning the right to buy/sell has an opposing obligation to deliver/purchase. This means that options traders are not required to buy contracts before selling them. Typically the trader will instead buy 100 shares of the underlying security to "cover the call".
+
+This is one reason why looking at open interest data is useful. Open interest is the number of contracts yet to be settled at some expiration date, and the options data I linked above shows the interest of individual strike prices within that date.
+
+Contracts can be settled (and thus OI decreased) in 3 ways: 1) they can be exercised (buyer exercises his right to buy/sell), 2) they can expire worthless, 3) the seller can purchase the option back from the market
+
+Btw notice how I said "market" and not "buyer" - that's because when a contract's seller buys to close, the market (the OCC) fills his buy order (bid) with a random seller, even if one of his original buyers has a sell order (ask).
+
+This is largely for two reasons: 1) So a trader on Citadel's trading floor can close his position without waiting for individual RobinHood buyers to sell their calls, and 2) to prevent a trader from just buying calls from Phil down the hall (this will come up later, surprise lmao ofc he still can)
+
+Options chains are usually organized by strike prices at different expiration dates, and every buyer has a seller, so even if a trader buys to close, the overall OI on $60 calls will only decrease if he manages to buy back calls he originally wrote, otherwise that interest is just shifted to Credit Suisse or whoever sold.
+
+This means that, even if a trader's initial option position is closed, the option will still have interest until all buyers decide to sell.
+
+Note: Options are typically organized by strike and expiration, but that does not mean all traders trade at single strikes. A trader can fill my 250k order at $60, or he can tell me to fuck off and write 50 calls at every strike from $40-$60, adding more room to hedge and possibly making liquidity easier.
+
+So remember how I said there were options on 7/16 and 1/21 in 50 cent increments up to $5.50...
+
+(????????????????)
+
+2\. ETFs, FTDs, WTF\
+This is probably where you may want to break out the tinfoil...
+
+By looking at an [option's price history](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME%7C20210716%7C0.50P/price-history/historical) you can see when that option began trading, hinting at when the option was originally written, and almost every option within those weird 50 cent increments began trading just after the 2020 dip in March, with some going back further into 2019 at very low activity until March 2020. Note GameStop was trading around $3.50 before the March 2020 drop. These March dates aren't regular, either. Most other options were not traded until November, 2020.
+
+** *cue speculative cutscene* **
+
+Now, if I'm Phil the Hedge Fund Manager in March, 2020, looking at brick-and-mortar GameStop, a company I've been short for years on that's now trending into the dirt BEFORE a global pandemic --- and I'm watching all my friend's brick-and-mortar short positions furiously shitting Benjamins, what better way to print free money than just sell bunch of calls and wait for the iNeViTabLe bankruptcy? Mother Nature just broke into the ICU and stuck a knife in GameStop, says Phil, so if any of the calls are executed I'll just borrow the shares to cover them for a measly $350 per contract and maybe I'll borrow some more to deliver the first batch I borrowed. What? FTD? Is that like FYE?? Ehh who cares GME will be in retail heaven with Blockbuster and Toys Were Us by January. Flu season in a pandemic?? I'll see you in Barbados boyzzzz
+
+MAYBE Phil, with Ponzi-the-money-printer, earns his firm, Edgar Capital, [60 PERCENT RETURNS IN 6 MONTHS](https://web.archive.org/web/20210504013036/https://fintel.io/ip/melvin-capital-management-lp) and now his bosses who earned 10% last year are literally asking him to fuck their wives. And their daughters. In Barbados.
+
+Maybe things start to get [a little tense](https://web.archive.org/web/20210504013036/https://images.fintel.io/us-gme-fails-to-deliver.png) toward the end of September. Just a month ago Phil thought FTD was an STI and now people are calling him Margin Capital online :(
+
+Now seems like a good time to talk about what exactly happens when a trade fails. If your trades fail all the time already, skip to -
+
+(????????????????????)
+
+It might be helpful to think of any given hedge fund or capital group as.. less like a chess grandmaster and more like the guy who sells hotdogs downtown at 2 am. He picks the street, maybe he makes the chili, but unless he's selling to a restaurant, he's kinda fucked unless people stumble up to him. He's got some wieners in stock, but if there are more buyers than wieners, he might take their money and tell them to come back tomorrow for their hotdogs.
+
+Now picture millions of these bastards huddled inside their Broker-Dealer Cafeteria's, all stuffed inside Market Maker Superdome selling and promising food all day to orders coming in - add a few more superdomes and replace hotdogs with stocks, ETFs, options, blah blah that's basically the stock market.
+
+To set the scene, it's late August, 2020, and Grandma buys a share of Monster and at the end of the day, Phil has no Monster. Usually Phil's BD will lend Phil its shares (or just create them..) for a day or two, and if he doesn't find Grandma's Monster by then then, he must declare a fail-to-deliver. Well Phil has amnesia and after two days he just declares fail-to-deliver. Phil now has 3 days to find the Monster or Phil's Market Maker (who clears the BD's trade), on the fifth day, will force the BD to buy one with his money.
+
+*Unless* that BD vouches that Phil's a kind, forgetful guy, in which case Phil gets to tack on another 3 days.
+
+[This SEC document](https://web.archive.org/web/20210504013036/https://www.sec.gov/investor/pubs/regsho.htm) goes over these guidelines btw I'm not just spitballing
+
+*In a shocking twist of events* - Apple buys Monster and now Phil's fucked. There are no shares to borrow and Monster is too expensive to buy.
+
+Let's say the BD's Market Maker is Phil's wife's boyfriend's brother - and honestly the MM has so many shares he wipes his ass every day with them every day, so - if there's an ETF (basically a veggie burger of shares) containing Monster, he can use his MM authority to throw some Monster into a 50,000 share burger called a creation unit, then sell it to BD as a new share of the ETF. BD trades the ETF to Phil, who's been holding the BD's share so he doesn't fail to deliver, then Phil plucks a Monster seed from the burger and *voila* Monster is on the books - Phil shows the BD the MM's shares, winks, and the FTD is settled. On paper.
+
+The DTCC is the final clearing destination for most US trades. They allow 35 calendar days for MM's to settle, so Phil rented the MM's extension and the MM is trusting Phil to find Grandma's Monster in 35 days. When he does, he can sell the newly minted ETF share back to the MM, the MM puts the shares back in their places and it's all roses and ????????
+
+Oh btw, to tie in the hotdog guy analogy, you probably won't be surprised to know that the Superdome owns a lot of the Cafeterias inside. Many Market Makers *are* Broker-Dealers. This reduces internal regulation, and, because these trades are often beneficial for everyone except Grandma, they can potentially be abused.
+
+Okay to keep things realistic, let say Monster's only ETF is the Wedbush Addictive 50 ($WADD) and holy shit, Apple is in there too. Just before the ETF-burger move, the MM is out of Monster and and Phil's fuckedfucked
+
+In this situation, Phil can simply offer his wife to his MM, in which the MM can build the WADD as a creation unit of IOU's, called an [ETN](https://web.archive.org/web/20210504013036/https://www.investopedia.com/investing/etfs-vs-etns/), from which Phil can pluck the Monster IOU, and *voila* - Phil's has a happy Grandma and a happier wife
+
+(????????????????????)
+
+MMs generating ETFs and ETNs as a means of lending less-liquid securities inside, is well covered in [this presentation](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg). This is one way to conceal fails, but they're not *entirely* hidden - the fails may still show up within the ETFs.
+
+As I understand it, if this were the case with GME, or any security, you would expect repeated spikes in ETF fails, ~6-8 days after the security fails.
+
+Of course this would smell like bull shit from a mile away, so there are a few other ways fails can be kicked down the road. They're not my secrets lol both of my great grandparents are still alive - the SEC warned about them in 2103:
+
+//
+
+Side note on ETN's:
+
+ETN's are, by definition "unsecured debt obligations" - and they have legitimate benefits. As debt obligations they also have risks, as [this presentation from 2019](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg) discusses.
+
+I have a concern I really hope someone can ease for me. A short position is a debt obligation, so wouldn't borrowing to cover a short create a collateralized debt obligation? And if ETN's are basically virtual, unsecured debt obligations, wouldn't repeatedly using ETN's to cover short positions create a synthetic collateralized debt obligation?
+
+Yes I'm unashamedly using 2008 hot words, and maybe I shouldn't, but considering the (albeit extreme) example at 28:00 in the video I linked above, when XRT (ETF containing GME) reported 78m ownership of 11m outstanding shares -
+
+That's a security-stew of 11m veggie burger bits floating in a broth of 67m promises. Priced by the pound.
+
+I genuinely hope this FTD shuffling tactic isn't accidentally (or otherwise) creating synthetic CDO's. Remember the Asian dude Michael Scott's alter ego almost strangled in a restaurant over how completely autistic derivatives of synthetic CDO's were? Wouldn't that just translate to all options contracts and other derivatives involving ETF's??
+
+//
+
+3\. It Often Rhymes\
+If you don't read another word of this post, please please save [this SEC risk alert from 2013](https://web.archive.org/web/20210504013036/https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) to read for later.
+
+That document reviews the FTD settlement guidelines that I went through earlier and discusses two other known methods of concealing fails: married puts and buy-write transactions.
+
+Reminder that this is all in relation to GME's first big FTD spike in September and the July/Jan share price), essentially replacing the short position (shares are needed to exercise)
+
+In either case, as with ETF/ETN schemes, the trader who was short is essentially paying the MM for access to the 35 day settlement exception.
+
+(??????????????)
+
+4\. What You Know For Sure\
+Back to September. Hedge funds and Market Makers have been turning retail short sales into Ferraris and Ivy League athletic scholarships for the past 6 years. They successfully [strangled multiple businesses into bankruptcy](https://web.archive.org/web/20210504013036/https://stockhouse.com/news/newswire/2016/01/19/how-short-sellers-are-killing-companies-and-market). multiple businesses into bankruptcy and now flu-season was approaching amid not only a global pandemic, but a global microchip shortage that completely halted distribution of GameStop's single biggest sales driver: gaming consoles.
+
+Its important to note that the market is a dynamic system that is intentionally confusing. There are hundreds of multi-million dollar firms placing thousands of bets, and generating liquidity through short selling is a genuine part of a MM's job.
+
+That said, through BD/MM affiliation that benefits both parties, even if caught and fined - the potential for 1 or 2 disingenuous traders to begin contagion is a legitimate threat. [This video originally from 2003](https://web.archive.org/web/20210504013036/https://youtu.be/I0WXg5T3cBE) describes this in more detail.
+
+This is highly speculative and I should probably leave it out but fuck it
+
+In my opinion, given ample opportunity, deep fucking incentive, sound rationalization, and chicken shit regulation - it is seems possible that, on a market wide scale, 100+ million shares that should have failed-to-deliver are quickly, and sometimes fraudulently, shuffled --- via married puts, buy-writes, ETF manipulation including ETF/ETN creation units from a Market Maker, and writing naked calls --- to maintain the virtual appearance of buying/borrowing shares to settle the FTD.
+
+The fuck was I saying
+
+Oh yeah September
+
+Back in August, [short interest reached $426 million](https://web.archive.org/web/20210504013036/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/). Correct me if I'm wrong, but at ~$4.70 share price, that's over 90 million shares sold short. If that's accurate, that's uhh.. a little aggressive there, chief
+
+So by September, fails start rolling in. Phil is seeing FTD tags in his nightmares - *Fuck, how many calls did I sell? How many shares do I have? Are those shares borrowed? What the fuck is a DTC??*
+
+At this point, Phil has to decide between:
+
+a) cutting his possibly massive losses and unwinding one of the biggest cash cows beneath the [64+ billion dollars](https://web.archive.org/web/20210504013036/https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN29U00R) hedge funds made in 2020, or
+
+b) paying a small fee and risking another small fee to double down and stay short
+
+Oh, let's not forget that cold/flu season is approaching amid, not only a global pandemic, but a *global microchip shortage* that will probably slow distribution of GameStop's single biggest sales driver: gaming consoles.
+
+Maybe Phil was smart and got out. Obviously his friends didn't. 4.2 million shares failed in 2 days, October 13-14, and the 30m share Niagara Fails of December and January suggests some quadrupled down in October.
+
+5\. Everything in the World is Magic...\
+Here's a puzzle:
+
+Assume someone wanted to use some of the the neat and totally legalish tactics I so concisely described to indefinitely roll FTDs into the future ---
+
+Using public data, estimate just how heinous GME's actual rolling FTD number *could* be.
+
+I'll shoot for a realistic degree of atrocity
+
+(my limited understanding of) The Rules:
+
+-Roughly, ( beneficial ownership ) --- ( shares outstanding ) = ( total shares owed )
+
+-   Broker-Dealers have 2 trading days after a client is short to cover. Otherwise they report a fail and have 6 trading days after the fail to cover - which can be done btw by buying *or borrowing* shares
+
+-   *BUT* with a little Market Makipulation, BDs can temporarily report short on the 5th day after failure, wait 2 trading days before reporting a fail, then have 35 calendar days after the fail to settle
+
+-   Evidence of this process should include FTD spikes in one or more ETF's containing GME ~6-8 days after a large number of GME fails
+
+( edit: [This post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Leenixus](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Leenixus/) overlays FTDs in GME and its ETFs and compares to other securities. )
+
+-   Accurately accounting for FTDs concealed with synthetic options positions and ETF's is impossible, but I'll do my best to explain my estimates. I'll start by identifying FTD spikes, usually in groups of 3 or 6 days (because of the T+3 and T+6 settlement requirements).
+
+-   Oh btw, Citadel, the BD/MM in question here, [clears 99% of all options trades](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), so if there's open interest in a contract, statistically there's a 99% chance Citadel is liable to settle it. I'll bump that to 100% for kicks
+
+Warning\
+??????
+
+Numbers Ahead\
+//
+
+This entire post is built on using data to speculate.
+
+The following argument, however logical or likely it may or may not be, is, obviously, speculative.
+
+The puzzle is complex. The answer is likely more complex.
+
+Apes just hodl that's not so hard.
+
+//
+
+GameStop Corp\
+[Fintel data](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/gme) (note: Month markers on the FTD graph mark the *middle* of the month) shows:
+
+~4.1 million GME shares failing from September 2-9 (6 trading days)
+
+~5.8m shares failed September 21-25 (5 days)
+
+~4.2m shares failed October 14-15 (2 days)
+
+~5.6m shares failing December 2-8 (5 days)
+
+~4.2m shares failing December 17-24 (6 days)
+
+~3.3m shares falling from January 5-11 (5 days)
+
+~6m shares failing January 13-21 (6 days)
+
+~5.1m shares failing January 26-28 (3 days)
+
+XRT\
+[XRT](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/xrt), GameStop's most liquid ETF, had:
+
+~3m shares failing September 28 to October 6 (7 days)
+
+~2m shares failing December 15-17 (3 days)
+
+~5.7m shares failing January 28 - February 3 (5 days)
+
+You can roughly see how XRT's FTD spikes fit between GameStop's. The 2 most other liquid ETF's had spikes of ~100k or so.
+
+Based on the FTD data, let's say, ohhh Idk - 4 million FTDs are rolling into January, using the ETF/ETN tactic to alternate between GME and XRT.
+
+Citadel claims to clear virtually all options trades, and based on [GME option data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-07-w&moneyness=allRows&view=stacked_ohl) call total OI is 104,221 on 7/16 and 1/21 alone. Total call OI from the other 10 expiration dates is ~105k for a grand total of ~210k interest.
+
+um\
+If [Citadel is clearing 99%of all options order flow](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), and they're constantly [delta-gamma hedging](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp), what better way to roll a FTD than to:
+
+1.  Make long calls a little cheaper and gobble up the bids.
+
+2.  Collect all 210k premium payments and now, as a MM, they have to [delta-gamma hedge](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp) those calls to claim a riskless position.
+
+3.  Use all those "for hedging" shares to satisfyextend the FTD requirement, then strategically dump the shares hedging all the calls *you think* will expire OTM, since no hedge is ultimately needed for a call never exercised.
+
+4.  EZ game, now Citadel gets to collect premiums for resetting some FTDs and driving the price down
+
+Delta hedging would typically require somewhere between 9-99 shares per call, with more shares needed for deeper ITM calls.
+
+Taking the 210k (and counting) call OI as a whole, of which Citadel claims to clear 99%, if 50 shares are delta-hedged on average, that grants Citadel access to 10.5m shares for allocating to failed trades.
+
+Of course not all of them would allocated, but the allocation process would essentially be the same as that time Phil lost Grandma's Monster. This would mean that some portion, maybe a large portion, of GME's daily trading is Citadel allocating and eventually repurchasing shares from its clients with high FTD's.
+
+And maybe if there aren't selling enough calls, the resort to [Buy-Writes](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/)...
+
+6\. Eventually, Trust Fails\
+What in the depressing fuck kind of title is that
+
+Anyway remember when Phil's MM made a WADD and Phil traded his wife for it?
+
+[XRT's Options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/XRT/options?expiration=2021-05-07-w&moneyness=inTheMoney) reveals ~51k call OI over 11 dates, 45k of which are concentrated in only 3 dates: 5/21, 6/18, and 9/17. Notice how those dates fit nicely between 7/16 and 1/21, the two dates housing half of GMEs call OI.
+
+*tinfoil time*
+
+Ken sells calls and hedges and juggles FTD's and Ken plans to pretty much do it until he retires. Well when those $69,420 calls expire, he should still have the one share he had to buy as a hedge. If he gave that share to Phil to cover both their asse(t)s he needs to either buy his share back or find another one. Well Kenny's no rookie - he's been doing slight-of-shares with ETF's since, like, 2006 - so he buys or whips up or promises to whip up an XRT burger and everything's ???? and ????????.
+
+Yeah that's not gonna make sense if you skipped the foreplay, sorry.
+
+Well the only thing better than XRT is free XRT, so Ken can just sell cheap XRT calls, forcing delta hedges on XRT, then crack open the XRT and allocate the GameStop.
+
+But even if all 50k XRT calls were hedged with 100 shares, GME is only 7% of XRT. So 5m XRT shares equates to 350k GME shares...
+
+*Allow me to introduce:* [IWM](https://web.archive.org/web/20210504013036/https://fintel.io/so/us/gme/ishares-trust-ishares-russell-2000-etf)
+
+IWM is the iShares Russel 2000, and they announced a 15% increase in GME on 2/25/21. Funny, I didn't hear much about it.
+
+IWM holds GME at a humble 0.35%. Take a guess at what [IWMs options chain](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/IWM/options) looks like...
+
+You *may* not guess a call OI of 1.56 million over the 15 expiry dates from now until 1/21/22. Hedging those at an average of 50 shares/call represents 78m shares. At 0.35%, thats 2.7m GME shares.
+
+By the way, if an extra 2.7 million shares available to extend shorts, purely in call hedges, doesn't shake you, remember GameStop is in over 60 different ETFs.
+
+Oh and it gets better
+
+I've been talking about calls for a while but *puts* exist too. If you somehow managed to read through this whole post you'll remember what the SEC said about married puts...
+
+The put OI for IWM, up to 1/21, is 3.7 million. ~750k of those puts are at-the-money. With GME at .35% of IWM, that potentially represents 2.6 million GME shares capable of floating FTD's via married puts in IWM.
+
+Married puts *should* have ATM puts to maintain the short position, but they don't need to be ATM to settle a FTD - one reason MPs are used over just re-borrowing (and the reason they're illegal) is they function by claiming one asset as collateral in two transactions. There are 100 shares married to the put (risk-less position to skirt regulation) and the same 100 shares are used to close the FTD.
+
+The MP provides the paperwork loophole but it's not necessary for the short position. Phil can just borrow shares ( [IWM shortvol% was apparently 74% on 4/30](https://web.archive.org/web/20210504013036/http://shortvolumes.com/?t=iwm) ), buy a worthless put to marry and instantly divorce, and now you did the paper magic and are still short. Maybe they call it a one night stand Idk
+
+The total put OI of all strikes with over 10k OI is over 2.5 million.. there are puts at dozens of strikes trading for $1. If ONE THIRD of those were used for disposable MP's, that's another 2.6 GME shares.
+
+Which is interesting, considering GME has [329k put OI at the LOWEST 2 STRIKES on 7/16 and 1/21](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2022-01-21-m&moneyness=allRows&view=stacked_ohl). Even more interesting about those 329k puts - when they were being gobbled up in late January, ~200k of them, they averaged their highest prices of all time.
+
+50 cent puts... While GameStop was soaring. Went from $4 in December to $15 on Jan. 28. Right.
+
+Guess I could take a shot at that puzzle now.
+
+Total potential-shares-for-allocation estimate:
+
+-Citadel delta hedging call order flow: 10.5m
+
+-[The suspected Buy-Write trades](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/): 14,500 calls = 1.4m shares
+
+-Citadel delta hedging IWM calls: 2.7m
+
+-Married puts in IWM: ~2.6m
+
+-Married puts in GME: up to 32m.. but I'll leave these out
+
+Total: 17.2m GME shares
+
+If half of these were actually used to roll fails, 8.6m + the 4-5m already rolling in the FTD data + 11m reported short volume = ~26 million shares sold short
+
+Including the GME puts and everything else - it'd be ~64 million.
+
+And *excluding* married puts, Citadel has access to over 13m GME shares, solely from delta hedging GME and IWM calls, to potentially distribute among shorts about to fail.
+
+Do not forget that I don't know what the fuck I'm talking about. I'm not an expert in this stuff, I just had surgery two months ago and it pisses me off when shit doesn't make sense.
+
+These people have been playing this game for years and I'm sure there are dozens of other ways reversals can be achieved, they get fined like 100k for this shit and without it.. well if it's bad enough they'll go bankrupt.
+
+//
+
+My point here is - where there's smoke there's fire, and there's so much smoke in these numbers I can't taste the purple in my lunch.
+
+Obviously none of that was advice or conclusive I can't even spell conclusive
+
+//
+
+All this shit is meant to be be confusing. The internet revolutionized trading, especially options. In fact they started becoming popular in the 90's, right around when ETF's came along. The SEC talked about two ways options could be used to hide FTD data - and I liked a presentation talking about how ETF's can be used to do the same thing. The AMA last week mentioned it, too.
+
+All of these loopholes serve to provide Citadel, who claims to clear 99% of options order flow, with enough shares *merely in hedges* to juggle 13 million fails. Add to that buy-write transactions, married puts, naked calls, ETNs, and all the other autistic things possible in a system so complex, who tf knows how many shares they might be juggling on paper.
+
+The options, to me, look like a smoking gun. Fails in GME's ETFs repeatedly fall between fails in GME, suggesting some number of fails are being rolled with ETFs. The number of ETFs with institutional ownership over 100% 6 months ago suggests many of those shares used to cover came from ETNs.
+
+The fact that the bulk of call OI in IWM and XRT falls neatly between the call OI in GME suggests these options are, in some capacity, related to rolling fails into the future.
+
+THAT SAID -
+
+Regulation changes increasing margin requirements or decreasing settlement times, would begin to unwind these positions. And-
+
+A share recall would bring the buying pressure of every IOU floating around because of this horseshit.
+
+A bet on GME is a bet again Wall Street's integrity.
+
+But - don't just trust me on this stuff, seriously, use the links, find some bullshit that looks weird and ask yourself why it's weird. I promise, there's lots of weird shit. Start with the 1500 $1.50 calls someone bought / Citadel sold for 1/21.
+
+And the 100k 50 cent puts that *weren't* bought in January probably traded for under $5 so I'm sure plenty of that is legit. On the other hand, I do remember a post saying put OI in early March was obscenely high but I can't find it anymore.
+
+If you just scrolled on down here and read the "my point is" part, no worries. The post was just some bullshit anyway - 11m reported shorts is an infinite short/float % because there is no float.
+
+Oh and if really read this whole fucking thing, message me and I'll fly you to dinner next year.
+
+* * * * *
+
+*This is not financial advice!*\
+*This post was **anonymously** submitted via *[*www.superstonk.net*](https://www.superstonk.net/)* and reviewed by our team. Submitted posts are unedited and published as long as they follow *[r/Superstonk](https://www.reddit.com/r/Superstonk/)* rules.*

DD/2021-05-11-Average-Trade-Sizes-Transactions-Reporting-and-the-FINRA-ADF.md

@@ -0,0 +1,87 @@
+Greetings, Apes. Let's clarify some things about average trade sizes, transactions reporting, and the FINRA ADF.
+================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/MarketMicrostructure](https://www.reddit.com/user/MarketMicrostructure/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/na5drq/greetings_apes_lets_clarify_some_things_about/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Hello Apes,
+
+I'm Zak, a colleague of [/u/dlauer](https://www.reddit.com/u/dlauer/) who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to.
+
+I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma.
+
+Problems & Background
+
+Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas.
+
+Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside.
+
+Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself.
+
+Are all trades reported to the tape?
+
+Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility.
+
+For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples.
+
+There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: <https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3>
+
+At the end of the post above, I qualified it with:
+
+> None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares.
+
+Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere.
+
+I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.)
+
+The FINRA ADF is not the boogeyman
+
+Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions:
+
+> FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves.
+>
+> In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions.
+>
+> When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day.
+
+During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow.
+
+Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf).
+
+[![r/Superstonk - Greetings, Apes. Let's clarify some things about average trade sizes, transactions reporting, and the FINRA ADF.](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2)](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2)
+
+Snapshot of SIP data with FINRA ADF exchange and a TRF code
+
+In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs.
+
+A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers.
+
+Small average trade sizes don't necessarily imply manipulative behavior
+
+One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations.
+
+From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small.
+
+But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this.
+
+Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens:
+
+-   It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price --- or alternatively, how much they will have to move the market in order to close their position in a short period of time.
+
+-   As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once.
+
+-   The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints.
+
+-   When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools.
+
+-   The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market.
+
+There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small.
+
+In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place?

DD/2021-05-11-Theory-of-all-Price-Movements.md

@@ -0,0 +1,189 @@
+Enter Zen Mode. The theory of all price movements - how price spikes up AND price spikes down are artifical - and SI% might skyrocket.
+======================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9qv27/enter_zen_mode_the_theory_of_all_price_movements/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+Not a financial advisor. I also have no financial experience or qualifications. Thought I'd make that clear per a commenter on my last post who wasn't happy with me. ;)
+
+Also apologies if some of this doesn't read right. A bit buzzed typing it up lmao. I'd be happy to clarify anything in the comments.
+
+Hello apes. You might remember my previous posts. But just in case, I'll add them here once more because I'd like to expand on them a bit further.
+
+[The Danger Zone and the SI Report Loop](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/)
+
+Summary: Short positions are required to be reported twice per month on "Short Interest Report Settlement Dates". Between each of these settlement dates, the price has a volatile move both up and down. Consistently between each cycle is a higher price floor. Melvin received their $2.75 billion cash injection the day $GME spiked to approximately $160. They have crashed the price from $350 every time. As they bleed money, it appears that the margin call price lives in a "Danger Zone" between $160 and $350.
+
+[Net Capital Bomb - AKA The Margin Call](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/)
+
+Summary: Citadel and any other MM that have been complicit in naked shorting of GameStop now worry about net capital (or in a sense their own Margin Call). They must have sufficient capital to support their debts, such as short positions, so that they can payout in the event of a default. The more shorts they open, the higher debt they have, and thus the more capital they need to raise in order to avoid going net negative and violating [Net Capital Requirements Rule 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1).
+
+I've seen a TON of posts regarding TA, wedges, MACD crossing, RSI, "breakout signals", etc. but I always wondered why these patterns repeated. And of course, wondered why nothing would happen even if we had 'bullish' breakout signals. We'll see posts about wedges breaking and attributing it to "shorts using all their ammo" or "whales buying it up" but I have reason to believe that the price spikes, both up AND down, are caused by the shorters. Don't stress about the daily movements. Seriously. Your mental health will thank you. :)
+
+GME is a curious case. For that I truly think there is an underlying reason for the price movements. Which is why I started looking into major option dates, came up with T+13, scrapped T+13, and eventually arrived at the SI Report Loop theory. I mean, that isn't to say the major option dates still don't play a role here - in fact I'm going to touch on that subject in this post as well.
+
+This is all just a working theory trying to explain why the price is moving the way it is. I would love to continue building on it, fitting in pieces from other apes, or until the theory crumbles. But so far, it has made me enter complete Zen Mode. I don't even care about the price. I'll explain why.
+
+<https://preview.redd.it/eoldh4kokey61.png?width=744&format=png&auto=webp&s=3bd4fd5fe7a613af88cc80bc0ae0b4272d2d9fb5>
+
+1\. Hedgies Are Trapped Between a Rock and a Hard Place
+
+They're truly stuck. Things were honestly looking in Melvin/Point72/Citadels favor back in February but it has since been a huuuge middle finger back at them because retail got their second wind as of DFV doubling down on February 19th.
+
+Let's take a look back at the data [/u/broccaaa](https://www.reddit.com/u/broccaaa/) found for SI% versus PUT OI. This is my favorite chart, ever, by the way. When ever I have doubts I just look at this chart.
+
+-   The top, in orange, is PUT OI. The top, in blue, is CALL OI. Both PUT and CALL OI is reported in millions.
+
+-   The bottom, in green, is SI%. The bottom, in blue, is FTD % of float.
+
+<https://preview.redd.it/fsryz4xvxey61.png?width=1846&format=png&auto=webp&s=8d5c3fb036686338d555bb56d6c0cd008a9b0dd4>
+
+When the January runup happened, the shorters hit the motherfucking emergency button to block buys on exchanges. This allowed them to fake-out to the world that they 'covered' by dropping SI% like a rock. This killed motivation worldwide and the price hovered around $40 throughout February. How did this happen? Well, most likely by hiding the shorts in PUTs. You'll see that PUT OI goes absolutely insane when the SI% dropped. How insane? At it's peak, the PUT OI was roughly 2.00e6 = 2 million PUTs = 200 million shares worth. Does that sound normal for a stock with only 70 million outstanding shares and only ~50 million float?
+
+What's even better is from this data that [/u/yelyah2](https://www.reddit.com/u/yelyah2/) collected, we can see what options were used to hide these shorts. I've highlighted in red the data from January 26th, just before the craziness occurred. And then you can see what the PUT OI was for each date prior to expiration (dashes following). As you can see they spread their shorts pretty evenly between these major dates.
+
+<https://preview.redd.it/f69s5ephyey61.png?width=1112&format=png&auto=webp&s=374144d795e4f7bf41024863c8b473ddd675b112>
+
+So it's just a working theory of course, but every single one of these dates expiration should result in shorts popping out. In this case, roughly 400,000 OI = 40 million shorts per major option expiration (Feb 19, March 19, April 16, July 16, January 2022). They have to choose between a rock and a hard place:
+
+-   A) Delaying the shorts once more by hiding them in more PUTs, costing money to do so
+
+-   B) Let the shorts be calculated in the SI% report upon the SI Report Settlement Date.
+
+I'd like to note that with either A or B, the price is not effected. They are hiding the shorts in PUTs. They're not exercising these PUTs. They are simply storing their shorts away for a later date, but it costs them money to do so each time.
+
+Which then enters the [Net Capital theory](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) that I posted about.
+
+If they want to delay their shorts longer, they'll need to spend more money. The more money they spend, then the less capital they have. The less capital they have, the easier it is for them to go net negative and essentially become margin called. Ever wonder why crypt0 and other assets are doing weird pumps and dumps? Yeah. That could be why.
+
+They are probably on their last legs trying so hard to raise capital to push things out while simultaneously trying to remain net positive. Check the dates when d0ggi3 c0in started to pump. January 28th. April 14th. May 4th. Interesting coincidences, right? Am I crazy to think we'll see another d0ge pump on May 13th-May 17th, the next cutoff for net capital?
+
+2\. Why the price spikes up AND down are artificial
+
+I'm going to steal some TA. Though only OBV because that's actually pretty significant. For any normal stock you should see OBV pretty much trending with a rough shape of the stock price. GME is... different. There's been very little volume on the spikes downward, implying that none of retail is selling and that the spikes down are artificial. And I truly believe that retail is not selling. I mean sure, there's probably some paper hands out there, but they're pretty much gone. Sorry [/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) - I'm stealing your OBV chart from your [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/):
+
+<https://preview.redd.it/5dcqu7qmjey61.png?width=1119&format=png&auto=webp&s=d19795d493bd74c09ddb5cbc5dbe66479b12cfd2>
+
+But the OBV charct doesn't really explain why the price drops are artificial. It's literally just a chart of OBV increasing over time. It theoretically shows that retail isn't selling, but what exactly is going on here??? That's what has always bugged me. Because I want to know the underlying reason as to why the price moves. Which then led to the SI Report Loop theory.
+
+To recap from the "SI Report Loop" theory, below we have a chart showing each [SI Report Settlement Date](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). The Hedgies need to wipe out their shorts by these dates, otherwise they risk a spike in SI% upon the receipt date. They do not want SI% to spike, otherwise it screams to the world, "We haven't covered shit!". So ever since January 29th they've been stuck hiding their short position because they can't risk having retail come back in. Retail will shove a big ol' banana up their ass if they let SI% skyrocket again. But, obviously, from the price increase since February 24, they're fucked anyway because it's costing them more to hide their shorts every time.
+
+<https://preview.redd.it/wutbcjnwvdy61.png?width=1385&format=png&auto=webp&s=d63c756cf0aa4444366e614c8db4f708a187e3d3>
+
+I'll refer to the time between these Settlement Dates as a "SI Report Cycle".
+
+-   E.g. Feb 26-Mar 15 is a cycle because it starts and ends on two sequential settlement dates.
+
+Not only do they have to worry about hiding new shorts they open up during these SI Report Cycles, they need to worry about FTDs from retail buy pressure, and potentially old shorts that were hidden in options expirations that I mentioned in Section 1. For example, if 400,000 PUTs carried shorts and expired on March 19, they'd go, "Oh shit. We have to deal with those too". That's MORE money they have to spend in that cycle. With a higher price floor, that's even MORE money to continue their bullshit.
+
+It is not a cycle of FTDs. The FTDs are satisfied when they first pop up. They satisfy these FTDs with synthetics, thus increasing their total short position. The FTDs are not "pushed out" but rather their short position is pushed out.
+
+The cycle they battle is delaying their short position and avoiding the true SI% from appearing. Which at this point is probably well over 200%. Pushing these out costs them money, but does not influence the price because they don't ever exercise the PUTs used to hide the shorts.
+
+The artificial spikes/drops are due to shorters combating retail buy pressure which occurs between SI Report Cycles. The SHORTERS are the cause of the spikes up and the spikes down.
+
+If you look closely, we get volatile movement up, and volatile movement downward between each SI Report Cycle. Every. Cycle. Now why is that happening?
+
+I am convinced that the volatile movement in price are caused entirely by hedgies fucking with the price in an attempt to suppress retail and shake them off. But their attacks are getting weaker because of wasting money on hiding shorts from major options in PUTs and getting closer and closer to going net negative in their net capital calculations.
+
+Anyways, here's what most likely happens in each SI Report Cycle:
+
+1.  Retail buys in. FTDs pile up because they can't find legitimate shares.
+
+2.  Synthetic shares are created by shorting the stock to suppress the price. Price goes down.
+
+3.  Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price goes back up (net neutral effect, the synthetics shorting and then the FTDs being satisfied cancel out the volatility)
+
+4.  The price going into the next SI cycle is the "true" price due to retail buying. It's consistently going up because retail is buying and not selling. A slow burn upward.
+
+5.  They hide any additional shorts with OTM PUTs
+
+We're seeing the price slowly rise because retail is applying buy pressure and not selling. If you removed all the fuckery, we would have seen the price steadily rise over time from January's $30 price point to today's ~$160 price point. Every single spike up is due to hedgies covering FTDs, and every single spike down is due to hedgies suppressing the price. THERE IS NO FRIENDLY WHALE causing these spikes. Each spike is caused by ITM CALLs being exercised. There is no "day" that retail suddenly has mass buy pressure causing the spikes. It is ALL because of the shorters are stuck trying to suppress the price and simultaneously having to satisfy FTDs between each SI Report Cycle.
+
+Let's draw a rough estimate of price movement in green if no fuckery occurred. Connecting the price floors from January until now. Hmmm. Looks similar to OBV. Doesn't it?
+
+<https://preview.redd.it/qr5ir9ujnfy61.png?width=1383&format=png&auto=webp&s=5a446fa62937f91c33e1b5b6d40655c64e3d6f47>
+
+Let's roll back in time to January 13th. GME was the craze around the world. The price point was a meager $30 - many people could enter the game. Due to the hype, even the higher prices of $150-$400 was still attractive for enough buy pressure because the shorters were almost guaranteed to be fucked back then.
+
+You know what happened in January? FTDs skyrocketed.
+
+<https://preview.redd.it/zjv8dnk17fy61.png?width=1897&format=png&auto=webp&s=3d0a27d4c70e20dcc2e6f87d3d2995efe660d37b>
+
+The first oh-shit-what-the-fuck-do-we-do moment happened to hedgies:
+
+1.  Retail buys in. A LOT. FTDs continue an insane pile up because they can't find legitimate shares since it was already over 100% shorted at the time.
+
+2.  FTDs need to be stopped. Buys are shut down so that they can satisfy the FTDs and hide their short position to try to kill off retail motivation (we covered! Don't come back now!)
+
+3.  Synthetic shares are created by shorting the stock to suppress the price. Price goes down coupled with retail paperhanding.
+
+4.  Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price skyrockets.
+
+5.  They hide any additional shorts with OTM PUTs
+
+6.  Combination of #2 and #3 caused the January fake squeeze. All FTDs are now satisfied and they've hidden their short position, but in this process OPENED MANY MORE SHORTS BY CREATING SYNTHETICS.
+
+And thus, the entire January price spike was artificial and the drop was mostly artificial (note that as of exiting the January squeeze it still resulted in a higher price floor).
+
+The price died off a bit from January, and it probably was going to swing back into the shorter's favor.
+
+...Until DFV doubled down in February. It gave retail a second wind. A shitload of buy pressure entered due to the cheaper price, resulting in many FTDs that had to be satisfied through more synthetic shares. It was essentially a repeat of January because it was a cheap price point for retail to enter. Ever since then it has generated a lot of diamond goddamn hands because despite the artificial price swings, the game was still on.
+
+And then of course, over time, the price has started to converge around $160 due to it being a little bit more expensive for retail to enter. We see higher price floors, but its tapering off because it's getting more expensive for retail to buy in. It's easier to have massive amounts of FTDs from buy pressure in the $40 price point than at the $160 price point. But that's not to say retail is losing. I'm simply explaining why it jumped so fast from a $40 price floor to a >$100 price floor and has since tapered off.
+
+Literally any catalyst that causes buy pressure surge could cause a repeat of January and February because they'd have to deal with a shitload of FTDs.
+
+GME has been tapering off with less volume because, well, less retail buying in over time due to a higher cost to enter. The price has been converging around ~$160 since March, and I believe that's all because of the higher price point of $160, so it's a little bit more difficult to get a lot of retail buy pressure due to it being more expensive than it was back before the February runup.
+
+They continue to match the retail buy pressure with shorts (~50% short volume each day) to suppress the price, continuing to cause these ITM CALL purchases to satisfy retails' FTDs. But it's a fruitless effort because barely anyone is selling despite their tricks. And we see that it's fruitless because the price floor rises each SI Report Cycle. Every. Single. Time.
+
+So now it's getting to the point where the price is back to the January levels when Melvin received their cash injection. They've been bleeding money trying to suppress SI% and dealing with FTDs by creating more synthetic shares. They can continue this effort... but it doesn't seem like they can much longer.
+
+Here's a picture of Melvin/Citadel/Point72 as of this moment:
+
+<https://preview.redd.it/dbbct5b2bfy61.png?width=1349&format=png&auto=webp&s=c1b4e4b3b04bbd32521edde3c9305a36a7dc9268>
+
+3\. Hello old shorts - Why SI% might skyrocket
+
+I'll leave you with this thought. I'll call back to the [SI Report Dates](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). In there, you'll find three columns:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+Settlement date. They NEED to have their shorts hidden in PUTs by then or else they are reported in the SI%. (Hey they could very well have figured out a new trick to hide shorts!)
+
+In February and March, the boys probably had enough capital to combat the 400,000 PUTs expiring and shitting out their short positions on them on both February 19th and March 19th. Since then, they have probably been struggling with net capital and need to keep it high enough while also hiding their short position. (Hello d0ggi3 c0in pump.)
+
+If April 16th crapped out a bunch of shorts once more, then they would have had to hide them by April 30th Short Interest Settlement. If they have not hidden them, then the receipt date for April 30th SI% is May 11. We could very well see SI% skyrocket on May 11. Note: This is NOT a price increase. This is the SHORT INTEREST percentage that could increase. Basically saying to the world, "Hey you remember how we said we covered? Haha. Good joke. Right? Please be gentle...".
+
+But of course, we saw some assets pump and dumping. Which might have helped them raise enough capital to hide those shorts again. Even then, they're stuck between a rock and a hard place of retail continuing to buy and very few paper hands selling.
+
+-   Every SI Report Cycle, they need to satisfy new retail FTDs with synthetic shares, increasing their short position. (Price spikes up due to these ITM CALLs)
+
+-   Every SI Report Cycle, they want to try to kill retail buy pressure by shorting the stock, also increasing their short position. (Price drops down or spikes down)
+
+-   The end result is the synthetics and ITM CALLs cancel each other out. The "true" price is revealed going into the next SI Report Cycle.
+
+-   If any SI Report Cycle has a large amount of shorts spill out that were hidden in options, they'll need to determine if they need to delay them or let the shorts get reported on SI%:
+
+    -   If they delay the shorts again through PUTs, it costs them money. They have to worry about their net capital and not go net negative. If it's going to cost too much, they need to pump/dump something to raise the capital.
+
+    -   If they don't delay the shorts, then the SI% can skyrocket, initiating retail buy pressure again because it shows they haven't covered.
+
+-   Every SI Report Cycle and delaying shorts they bleed money, making net capital an ever-looming presence. They can't pump and dump assets forever.
+
+-   It's just an endless cycle of them making more and more synthetic shares to satisfy FTDs. Digging a deeper grave every day.
+
+I wonder... how long can they last?

DD/2021-05-11-VIX-Volatility-Index-Increases-30-Percent-Overnight.md

@@ -0,0 +1,43 @@
+VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight
+=======================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/con101smd](https://www.reddit.com/user/con101smd/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9ub60/vix_volatility_index_rising_sharply_premarkets_30/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868)](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868)
+
+VIX is up 30% total yesterday and over night, last time it hiked as much was in january/march 3-4th
+
+Key Takeaways. The Cboe Volatility Index, or VIX, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors use the VIX to measure the level of risk, fear, or stress in the market when making investment decisions.
+
+" The VIX spiked by as much as 48.1 percent to a high of 62.12, a level last seen during the 2008 global financial crisis. Since 1990, there have only been 14 episodes where the VIX has spiked above 32.7, according to Bank of America. The VIX topped out at 89.53 in October 2008. "
+
+Take what you want from this ape and use it in your thorough research with the DD provided but tits r jacked!
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec)](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec)
+
+shes trending quite fast
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6)](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6)
+
+update, BRrrrrrrRrrrrrrrrrrrrr
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54)](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54)
+
+buckle up apes its gonna be a bumpy open
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7)](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7)
+
+chugga chugga chugga choo choo
+
+[![r/Superstonk - VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e)](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e)
+
+COMPARISON TO $GME courtesy of u/king_tchilla
+
+HEDGIES R FUKD

DD/2021-05-14-Citadel-opened-a-Huge-Short-Position-in-January-which-has-not-been-Closed-Yet.md

@@ -0,0 +1,117 @@
+Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)
+==============================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bladeace](https://www.reddit.com/user/Bladeace/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nc2ujg/findings_from_my_analysis_of_605_data_huge_short/) | 
+
+---
+
+
+[𝘜𝘯𝘷𝘦𝘳𝘪𝘧𝘪𝘦𝘥 𝘋𝘋](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%98%9C%F0%9D%98%AF%F0%9D%98%B7%F0%9D%98%A6%F0%9D%98%B3%F0%9D%98%AA%F0%9D%98%A7%F0%9D%98%AA%F0%9D%98%A6%F0%9D%98%A5%20%F0%9D%98%8B%F0%9D%98%8B%22&restrict_sr=1)
+
+TA;DR: I looked at the 605 data - Citadel's short position is so huge it's distorted the order flow. It's so massive you can see it merely by looking at where the GME orders are being executed. It also shows they haven't closed.
+
+TL;DR: Opening a huge naked short position requires market maker shenanigans. Leaving it unclosed requires further market maker fucketry. Both of these should be reflected in the proportion of GME shares executed at various market centers. I looked, it is. A market maker closing a massive short position should be reflected too. I looked, it isn't.
+
+I have been examining the order execution data for market centers handling GME order executions, read on for my findings. Citadel appears to have taken a *massive* short position in Gamestop in January. It looks like they continued to expand this short position via NASDAQ during February and March. They do not seem to have closed this position.
+
+Opening a massive naked short position in a very short period of time requires abusing market maker privileges. Doing this would result in distorting the order flow. Market centers where the shorting is taking place would see a spike in the proportion of the shares they were executing for the security being shorted. A market maker closing a massive position would cause the opposite. So, if Citadel has opened a huge short position and not closed it we should see evidence of this in the order flow. I looked at the 605 reports and found exactly this.
+
+According to my analysis of the order flow, Citadel has opened a huge short position, very quickly, in January, expanded it since then, and hasn't closed it. Please read the following and come to your own conclusions on the quality of my analysis. This is not financial advice. I am an ape on a large dose of Ritalin.
+
+Important background information on the special privileges of market makers when shorting *(OK TO SKIP)*:
+
+When opening a short position in your capacity as a market maker you do so by covering a buy order with your own capital. So, an order comes in for a security and you cover it, which is a way of saying 'yes, I'll sell that stock at X price' even though you don't already have a seller lined up to sell the share at that price. This is not uncommon, it's definitely not illegal, and it's very helpful to the market. In fact, one of the reasons market makers exist is to sell shares they haven't yet lined up a seller for. This allows the market to flow smoothly as sales can happen quickly. It's expected that the market maker will line up a seller for the share you brought from them very soon afterwards (often within seconds). However, they are not required to do so. Instead of lining up a seller for the purchase you just made from them, the market maker can take on a short position for that share (they are 'short' the share they sold you, so you essentially have an IOU from them).
+
+When shorting in this manner, the market maker gets special privileges under regulation [SHO §§ 242.200 - 242.204](https://www.law.cornell.edu/cfr/text/17/part-242) which allow them to short in cases where others cannot. Regulation [242.203](https://www.law.cornell.edu/cfr/text/17/242.203) allows market makers to be exempt from some restrictions when engaging in market making activities and regulation [242.204](https://www.law.cornell.edu/cfr/text/17/242.204) allows some leniency for failures to deliver when the transaction was for market making purposes. Essentially, the regulations covering short sales provide some leeway for short selling while market making. This is good, in theory, because it keeps the market flowing smoothly.
+
+The SEC explains the importance of market makers shorting [here](https://www.sec.gov/investor/pubs/regsho.htm) where they explain "market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market". See the SEC link for a further explanation, they do a fair job of explaining it in section II of that link. The key point is that naked short sales by market makers are not an accident, they are a feature of the market.
+
+The MOASS theory *(OK TO SKIP)*:
+
+Citadel has opened a *huge* short position in GameStop and hasn't closed it. The position was large in 2020, but expanded significantly in January of 2021 and continued to expand during February and March (I do not discuss any points after March as my data ends there). This short position is so large that it is multiple times the outstanding shares. Opening such a large short position, so quickly, requires that most of the short positions are naked.
+
+This is the theory I set out to test - has anyone opened a large naked short position during January and then expanded it during February and March?
+
+Order flow data *(OK TO SKIP)*:
+
+[SEC rule 605](https://www.sec.gov/rules/final/34-43590.htm) requires market centers to release data on the orders they execute. This data excludes most retail sales and multiple forms of conditional sales. However, it does include a substantial portion of the volume, enough to give us information on which market center is executing orders for a particular security during a given month. Crucially, for my purposes, it allows us to identify broad trends in the order flow between these market centers. In most cases, this data is not very helpful because it is missing most of the interesting information (for example, it won't distinguish between short and long sales). However, in my case it's perfect because I do not want to rely on any information except the volume - I don't want my findings to rely on Citadel accurately reporting anything else.
+
+It's worth stressing that *rule 605 data excludes most retail orders*. This is important for us because we already know Citadel is handling most GME retail orders. The short position Citadel has, supposedly, opened is so huge that the distortion in order flow caused would extend beyond retail orders, which makes 605 data the perfect place to look.
+
+Order flow data and the MOASS theory *(READ THIS)*:
+
+The MOASS theory isn't just about a short position, it's about a *huge* short position. So huge that it can only have been created by a market maker abusing their naked shorting privileges. This would require them to sell the security they are shorting for a cheaper price than other sellers on the market at a large scale. Accordingly, more of the orders for the security in question would be executed by the market maker doing the shorting.
+
+In most cases the proportion of orders being executed is going to remain fairly stable because the selling pressure is going to be widely dispersed. If a share is being sold for X price at one market center, it'll be sold at a similar enough price at the other market centers too. Sellers will gravitate towards the market center with the best price, so the prices remain almost identical. However, if one of the market center's is driving the selling pressure by selling for a cheaper price than everyone else, the other market centers won't be getting sell orders low enough to compete and they will lose out on the volume. Accordingly, if the number of short positions being opened at a particular market center spiked during January, we should see the proportion of orders being executed at that market center spike too.
+
+The same is true for closing a massive short position. If a market center is buying up a huge amount of shares, there will be a drop in the number of buy orders they execute (because they're buying the shares themselves rather than selling them to others). The market center will also be reaching out to other centers to buy from them, which will raise the proportion of volume to those centers.
+
+So, my prediction is simple: if a market maker is opening a massive amount of naked shorts very quickly, they will have a higher proportion of the order execution volume. Conversely, if a market maker is closing a massive amount of naked shorts very quickly, they will have a lower proportion of the order execution volume.
+
+How the data should look in the three possible cases:
+
+*Hypothesis 1* - Citadel shorted GME a lot in January and then continued to do so through February and March:
+
+1.  The proportion of orders being executed by Citadel will spike in January.
+
+2.  The proportion of orders being executed by Citadel will not go below the baseline in February or March.
+
+3.  The proportion of orders being executed by NADAQ or CBOE will spike in February and March (but probably not at both centers).
+
+4.  The NADAQ or CBOE spike, if it exists, will be accompanied by an anomalous number of their orders being executed outside of their venue (an artifact of an abrupt shift in order flow without adequate preparation by the market maker responsible).
+
+*Hypothesis 2* - Citadel opened a large short position in January and then closed it during February:
+
+1.  The proportion of orders being executed by Citadel will spike in January.
+
+2.  The proportion of orders being executed by Citadel will drop below the baseline in February.
+
+3.  The proportion of orders being executed by the other exchanges will all rise, with Citadel's lost share being shared approximately equally (as it buys up all it can).
+
+*Hypothesis 3* - Citadel opened a large short position in January and then closed it in January or they never opened a large short position at all:
+
+1.  The proportion of orders being executed by Citadel will remain at baseline levels.
+
+Notes on Citadel and NASDAQ/CBOE spikes or drops:
+
+MOASS theory implies that Citadel would have been absolutely hammered in January during the massive influx of buying pressure and the threat of Melvin being forced into closing their position and beginning a squeeze. Accordingly, they would have been drawing all of the order volume to them by shorting all the orders they could to mitigate the upwards price pressure. This would result in the proportion of orders executed at Citadel spiking during January.
+
+MOASS theory implies that Citadel would have been expanding their short position in February and March while also avoiding their delivery obligations for the shorts opened in January. Expanding their short positions and opening new short positions to defer existing short positions can be accomplished by utilising two market centers with Citadel operating as a market maker in both. Essentially, Citadel could use its own market center and its privileges as market maker (for GME) at a second market center to make a market for itself. This would allow it to continue opening short positions while also shuffling existing short positions through the market. This would result in the proportion of orders executed at CBOE or NASDAQ to spike during February and March. I suspect Citadel would use either CBOE or NASDAQ for this because they are a market maker at both. I do not think they would use the NYSE for this as that exchange allows its market makers less latitude (and makes them compete against one another to a greater extent). NASDAQ is the most likely candidate as, prior to 2020, it does not execute many GME orders which allows Citadel a freer reign over any such orders that suddenly begin coming through that center.
+
+MOASS theory implies that Citadel would not have been covering their short position throughout this period. Closing a huge short position would cause a drop in the orders being executed at that center (because the center is buying instead of selling and will buy from other centers too). Accordingly, we should not see Citadel's proportion of order execution drop below the baseline levels.
+
+Proportion of GME shares executed at market centers *(READ THIS)*:
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/omun1qdnh1z61.png?width=713&format=png&auto=webp&s=415dfbc44fbfc3998a70b6bf1d9070b5ceabdfe9)](https://preview.redd.it/omun1qdnh1z61.png?width=713&format=png&auto=webp&s=415dfbc44fbfc3998a70b6bf1d9070b5ceabdfe9)
+
+As you can see, the proportion of shares being executed at Citadel's market center spikes in January, which is consistent with hypothesis 1 and inconsistent with hypothesis 3. The proportion of shares being executed at NASDAQ spikes in February and March which is also consistent with hypothesis 1. There is no drop below baseline in the proportion of shares executed at Citadel's market center, which is inconsistent with hypothesis 2.
+
+The proportion of GME shares being executed by the major market centers, as reported under rule 605 data, is consistent with what we would expect if a market center were opening a huge short position in January and then using their market maker status at a second market center to expand and obscure that short position during February and March.
+
+Related speculation:
+
+Notice the relationship between the drops/spikes in proportion of shares executed at Citadel and NASDAQ. This is consistent with Citadel being the market maker for GME at both. I suspect that the sharp changes in where these orders are being executed reflects Citadel's attempts to open, expand, and manage their short position. The best places for them to do this are their own market center and NASDAQ, which matches the changes in order flow. I am hoping to gain access to historical NASDAQ level 2 data for this period which may show which of their designated market makers is responsible for their GME executions during this time period. Unfortunately I do not have this data yet, but I have reached out to NASDAQ and others who may be able to provide me with this data soon.
+
+Proportion of covered shares executed at alternative venues *(OK TO SKIP):*
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/o9q0gzzqh1z61.png?width=686&format=png&auto=webp&s=cc2f097de7b70da493c65f4c123b029a9d21efac)](https://preview.redd.it/o9q0gzzqh1z61.png?width=686&format=png&auto=webp&s=cc2f097de7b70da493c65f4c123b029a9d21efac)
+
+As you can see, the spike of shares being executed at NASDAQ in February is accompanied by a spike in the proportion of orders being covered by NASDAQ but executed at another venue. This is consistent with hypothesis 1, it may indicate the orders being executed by a market maker abruptly moving their execution of a large number of trades from one center to another.
+
+Related speculation:
+
+This may be related to an attempt by Citadel to market make for themselves and push the price lower. Fighting back the February gamma may also be a factor.
+
+Proportion of shares reported under rule 605 compared to total volume *(OK TO SKIP)*:
+
+[![r/DDintoGME - Findings from my analysis of 605 data: Huge short position opened in January. Expanded in February and March. Has not been closed. (Also posted on Superstonk)](https://preview.redd.it/6ec6r8evh1z61.png?width=817&format=png&auto=webp&s=b9fb6aa224c1a142141cc872b8cb5a47fa5a4453)](https://preview.redd.it/6ec6r8evh1z61.png?width=817&format=png&auto=webp&s=b9fb6aa224c1a142141cc872b8cb5a47fa5a4453)
+
+I am using 605 data because I believe it to be the most reliable data we have access to. However, it is possible the 605 data could be misreported. Conveniently, we can check to see whether such misreporting is likely by comparing the number of shares being reported under the 605 data to the overall volume for the same period. If there were a sudden drop in the proportion of the GME volume reported under 605, it suggests there may be a reporting error. As you can see, I found no evidence of such an error. This doesn't mean there wasn't misreporting, but it allows me to continue regarding the 605 data as the most reliable we have access to.
+
+Thank you for reading
+
+Thank you for reading my analysis. As I mentioned above, I have more data coming. I have also reached out to relevant experts who might allow me to expand, clarify, or correct my findings. I will update this post accordingly. There may be a follow up post if I have additional findings worth sharing.
+
+*Please be aware that this is not financial advice and all conclusions I have given are tentative. My findings are limited by my own shortcomings, which are numerous.*

DD/2021-05-14-Estimation-of-Current-Short-Interest-Percentage-based-on-SI-Report-Cycle-and-Deep-ITM-Call-Purchases.md

@@ -0,0 +1,222 @@
+I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.
+========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+Not a financial advisor. Yada yada. If you actually listen to me you might want to get your brain checked for crayons.
+
+Probably no need for any more DDs from me after this one - its a cumulation of my thoughts over the past few months. People were interested in an SI% estimate so I thought, hell yeah, that's interesting shit. Why not?
+
+On a side note, I've learned pretty much everything I have about the stock market from Peppa Pig. Good stuff. Definitely recommend.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/wfiam0y2t0z61.png?width=549&format=png&auto=webp&s=49c513b5110df562a5032214966ddf0990c1c7a2)](https://preview.redd.it/wfiam0y2t0z61.png?width=549&format=png&auto=webp&s=49c513b5110df562a5032214966ddf0990c1c7a2)
+
+Once again I'll be referencing charts from the mastermind [/u/broccaaa](https://www.reddit.com/u/broccaaa/) and their post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). Go read that shit. Seriously.
+
+Also, sorry. TLDR is very difficult besides the bullets of Section 0 and my calculated result in Section 2.
+
+0\. What's Going On Here?
+
+I've posted a few DDs in the past, and have basically come to the conclusion of the following per the data I've seen. I'll show you a few charts from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post to support this:
+
+-   The price movements we've been seeing, both volatile moves up and down, are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. This is due to the "SI Report Loop" that they're trapped in, paired with the fact that there are no more shares left in GME and there have been no shares for quite some time. I'll go into more detail in the next section because it is the basis of the SI% calculation.
+
+    -   They held back buy pressure from May 1 to May 12, and then it started to be unleashed on May 13. Refer to Section 1 where I discuss the SI Report Cycle.
+
+-   I do not believe they are delaying FTDs or hiding FTDs. Ever. They are satisfying them immediately with fake shares and simply hiding their ever-growing SI%. This is why we never see the "FTD squeeze" theory play out. They aren't juggling a pile of FTDs - they're simply adding to their ever growing short position until they inevitably get margin called from too high of a risk. (Hello??? Reverse repo loans coming out at higher frequencies lately?!)
+
+-   Each type of option is used for a very specific play. We see large purchases of OTM PUTs, ITM PUTs, OTM CALLs, and ITM CALLs popping up in anomalies.
+
+    -   OTM PUTs = Used to hide their SI%. This has no effect on the price of GME because these are not being exercised and they maintain OI even until expiration. The shorters are using these to hide their SI% from the world. The main counter-argument to the MOASS is "their SI% is 20%, they covered". So if you're a shorter and you hide your SI%, you can push that narrative that you covered and hope people sell. Supporting Data: Figure 1, PUT OI Versus SI%. Check out how SI% drops when PUT OI skyrockets.
+
+    -   ITM PUTs = Used to flash crash the price. This is an expensive move and I believe we only saw this happen once, on March 10. This is a last-ditch effort move where you mass exercise ITM PUTs to crash the price down from a critical point. If you don't remember - March 10 the price hit $350 before being flash crashed down. They have purchased up many more ITM PUTs lately, so they might attempt this again. Supporting Data: Figure 2, PUT OI For Options, March 9 to March 11. Look at how the PUT OI dropped on March 10, indicating mass exercise of options to flash crash.
+
+    -   OTM CALLs = Used by other large players who want a profit. [We only just recently started seeing these from what I can tell](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). I'm assuming that because these just started popping up that other big players are looking to make some cash. The ones that were purchased expire on July 16, 2021. They might be hoping for the squeeze before then and maybe thought $140 was the bottom.
+
+    -   ITM CALLs = Used by shorters to filter synthetic shares through and satisfy FTDs. These purchases occur a lot when FTDs pile up. I believe that they continue to use this in conjunction with Citadel in order to fulfil FTDs because there is no liquidity. These options have an effect on price because they are immediately exercised so that the shares can be delivered. Supporting Data: Figure 3, ITM Call Volumes Versus FTDs. Deep ITM CALL volume skyrockets when FTDs increase.
+
+-   And my most important finding: shorts r fuk
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/bz6rqprd70z61.png?width=1848&format=png&auto=webp&s=6af2d251b49b225cfc94a8b8ecdfbda05b371e87)](https://preview.redd.it/bz6rqprd70z61.png?width=1848&format=png&auto=webp&s=6af2d251b49b225cfc94a8b8ecdfbda05b371e87)
+
+Figure 1: PUT OI Versus SI%
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/br8zshfy70z61.png?width=792&format=png&auto=webp&s=17a336296450a063c9d656891fc0ce95cc74ab56)](https://preview.redd.it/br8zshfy70z61.png?width=792&format=png&auto=webp&s=17a336296450a063c9d656891fc0ce95cc74ab56)
+
+Figure 2: PUT OI For Options, March 9 to March 11
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/8haclqqp80z61.png?width=1894&format=png&auto=webp&s=ea99b5a40cd13293e51f68e9a99e3a15e70a5196)](https://preview.redd.it/8haclqqp80z61.png?width=1894&format=png&auto=webp&s=ea99b5a40cd13293e51f68e9a99e3a15e70a5196)
+
+Figure 3: ITM Call Volumes Versus FTDs
+
+1\. There Are No Shares Left. Every Share Being Bought Is Synthetic
+
+Well, at least most of them are synthetic. A vast majority are synthetic due to SI% being over 100% since December. You don't just suddenly find liquidity in GameStop after naked shorting the shit out of it. It's going to have to be continuously naked shorted (and produce synthetics) to satisfy buyers until the MOASS. Otherwise, whoopsie. They'll have to start unwinding a bunch of FTDs from being forced to deliver (and find the shares). So instead of that route, they'll make fake shares for the FTDs.
+
+I've been trying to understand what the hell has been going on with the price. Why did it surge in January? Why did it surge in February? Why March? Why did we see volatile jumps all over the place? Why does buying pressure seemingly get negated? T+13? T+21? T+35? No, no, no. It is all SI Report Loop. They're stuck in that loop and can't get out. I've talked about this in [my other DD](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) but I'll recap because it's very relevant here for why we can use ITM CALLs to calculate SI%:
+
+The shorters are stuck in a loop revolving around [Fina Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). What exactly is this?
+
+> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
+
+There's three columns on that link. What are they:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+You want to make sure that your short positions are hidden by the Settlement Date so that it pops up to the world on the Receipt Date. For example, they opened up a shitload of OTM PUTs (Figure 1, PUT OI Versus SI%) prior to January 29th Settlement. Upon February 9th, SI% dropped like a rock. As long as short positions are hidden or covered by the Settlement date, then the receipt date will not take those into account.
+
+Refer to Figure 1 on PUT OI skyrocketing when SI% dropped. At that point in time (early February), they could claim to the world that they covered, and they did claim that, but they actually just hid their short position from the world's eyes.
+
+Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
+
+| Settlement Date | Due Date | Exchange Receipt Date |
+| --- | --- | --- |
+| January 15 | January 20 | January 27 |
+| January 29 | February 2 | February 9 |
+| February 12 | February 17 | February 24 |
+| February 26 | March 2 | March 9 |
+| March 15 | March 17 | March 24 |
+| March 31 | April 5 | April 12 |
+| April 15 | April 19 | April 26 |
+| April 30 | May 4 | May 11 |
+| May 14 | May 18 | May 25 |
+| May 28 | June 2 | June 9 |
+| June 15 | June 17 | June 24 |
+
+So we can say that between each Settlement Date is a loop where they'll have new shorts open up, and then they want to hide those new shorts by the next Settlement Date so that it doesn't appear on the SI% report and increase it. (Imagine if one day we saw SI% jump back up from 20% to 140% or more. Imagine the headlines. They can't risk that happening).
+
+And what exactly goes on between each loop? Let me bring up my handy-dandy chart again before continuing. I've plotted the Settlement Dates here and boxed volatility moments. You'll see that there is ALWAYS a volatile move up and a volatile move down between these dates.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/il7rvu09d0z61.png?width=1423&format=png&auto=webp&s=e80d44e1b085ef132070f37c5cc45171519ca58e)](https://preview.redd.it/il7rvu09d0z61.png?width=1423&format=png&auto=webp&s=e80d44e1b085ef132070f37c5cc45171519ca58e)
+
+Figure 4: SI Report Loop And Volatility
+
+Here's what I am assuming happens:
+
+1.  Retail starts buying. They (Citadel & Co) create synthetics to match this buy pressure because there's no liquidity/no shares available. This negates buy pressure and any additional shorts (iborrowdesk) helps drive the price downward.
+
+2.  Retail doesn't get their shares delivered. FTDs start piling up. The synthetics created in #1 and the shorts that were opened in #1 need to be hidden by the next SI report date otherwise it will pump the SI% up again. The FTDs must be satisfied as well or it will start an unwinding of their massive web of bullshit.
+
+3.  They feed these synthetics into Deep ITM CALLs that are then purchased up, exercised, and used to satisfy the FTDs that were created by retail buying. This process drives the price up. Retail now owns more fake shares and their overall short position continues to grow.
+
+4.  Combination of #1 and #3 cancels out the downward pressure on the price. GME creates a higher low as long as retail didn't sell. If you look at the GME price chart, you'll notice how it continues to create a higher floor between each SI Report Cycle. Basically, the "true" GME price is revealed after #1 and #3 cancel each other out because it shows how retail buying increased the price relative to the prior SI Report Cycle.
+
+5.  Any additional shorts they have will be pushed under the rug with OTM PUTs.
+
+Each cycle they continuously grow an ever larger short position and thus an ever larger SI% with these synthetics and additional borrowing. Meaning they continue to have higher risk, and their margin call price slowly moves downward. They keep making it worse for themselves. Every cycle they spend a little money kicking it down the road. Every cycle the price floor rises. Every cycle they increase their short position.
+
+You know how we see >=50% short volume each day? That's most likely them pairing 1:1 with retail buys for synthetics so that they can be later delivered through ITM CALLs. A bold assumption of course, but it could be relevant and might explain why we've been seeing that data of short volume.
+
+That's why I believe that the volatile price movements both up AND down are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. They suppress the buy pressure with synthetics, but then must deliver those synthetics to satisfy FTDs. Upon exercising the ITM CALLs to deliver these synthetics, they cause the price to surge upward.
+
+I am assuming that every one of these Deep ITM CALL purchases are synthetic-covered and thus 100 fake shares per contract.
+
+2\. Assumptions In Calculating SI%, And Results
+
+We're assuming that the Deep ITM CALLs are not used to hide FTDs but they are rather used to satisfy the FTDs immediately with fake shares. This is most likely why we never saw the "hidden FTDs" pop out again to support the FTD squeeze theory. Because they've already been delivered, and the synthetics keep pumping into their total SI%. So they're in the process of juggling an ever-increasing SI% position while the price also continues to rise.
+
+Per [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/), between March 1st and March 11th, inclusive, [there were approximately 27,650 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/). If we assume that all of those were to fulfill FTDs and are synthetic due to no liquidity in the market, then that comes out to 27,650 * 100 = 2,765,000 synthetic shares from March 1st to March 11th.
+
+In another post, on April 1st, [there were approximately 5,960 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/). Likewise, this equates to 5,960 * 100 = 596,000 synthetic shares on April 1st.
+
+[![r/Superstonk - I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.](https://preview.redd.it/eznmnbrc20z61.png?width=1890&format=png&auto=webp&s=c3002fadc94ca03ab92d3a4b17f322f97c2c5091)](https://preview.redd.it/eznmnbrc20z61.png?width=1890&format=png&auto=webp&s=c3002fadc94ca03ab92d3a4b17f322f97c2c5091)
+
+Figure 5: Cumulative Deep ITM CALL Volumes, March 1st to March 11th
+
+Look at the volumes between March 1st and March 11th compared to everything else. Oof. All those blips of ITM CALL anomalies is nothing compared to January and the spike in February.
+
+To be conservative I'm going to ignore straight up "volume" and rather calculate SI% based on a ratio of [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)'s data to the volumes we see. Here's results based on March 1st to March 11th, and April 1. I'm going to do an even value closer to the lower bound of 0.25 to get our "Average". It just makes the math easier.
+
+|  | March 1st to March 11th | April 1 |
+| --- | --- | --- |
+| Cumulative ITM Calls | 27,650 | 5,960 |
+| Cumulative Volume | ~110,000 | ~14,000 |
+| Ratio of Volume to CALLs | ~0.25 | ~0.42 |
+| "Average" Ratio |  | ~0.3 |
+
+Since we don't have historical data prior to 3/1, I'm going to use these two data points (March 1-March 11, and April 1) as our estimated "synthetics created" per volume.
+
+With a conservative estimate, we'll say that we get 30 synthetic-covered CALLs that are exercised for every 100 volume (0.3 ratio). And thus 3,000 synthetic shares per 100 volume.
+
+Let's tally it up based on Figure 5. I'm doing approximations for volumes because I do not have the data sheet that was used to create this figure. It's also easier to work with even numbers. Sorry for the long table.
+
+| Date | Volume | Approximate Synthetic CALLs (Volume*0.3) | Approximate Synthetic Shares (CALLs*100) |
+| --- | --- | --- | --- |
+| Janaury 7 | 3,125 | 938 | 93,800 |
+| January 11 | 3,125 | 938 | 93,800 |
+| January 13 | 62,500 | 18,750 | 1,875,000 |
+| January 14 | 25,000 | 7,500 | 750,000 |
+| January 15 | 12,500 | 3,750 | 375,000 |
+| January 19 | 13,000 | 3,900 | 390,000 |
+| January 20 | 6,250 | 1,875 | 187,500 |
+| January 21 | 10,000 | 3,000 | 300,000 |
+| January 24 | 125,000 | 37,500 | 3,750,000 |
+| January 25 | 100,000 | 30,000 | 3,000,000 |
+| January 26 | 210,000 | 63,000 | 6,300,000 |
+| January 27 | 260,000 | 78,000 | 7,800,000 |
+| January 28 | 80,000 | 24,000 | 2,400,000 |
+| January 29 | 61,500 | 18,450 | 1,845,000 |
+| February 1 | 62,500 | 18,750 | 1,875,000 |
+| February 2 | 18,750 | 5,625 | 562,500 |
+| February 3 | 13,000 | 3,900 | 390,000 |
+| February 4 | 3,125 | 938 | 93,800 |
+| February 5 | 3,125 | 938 | 93,800 |
+| February 8 | 3,125 | 938 | 93,800 |
+| February 9 | 6,000 | 1,800 | 180,000 |
+| February 10 | 3,125 | 938 | 93,800 |
+| February 11 | 1,000 | 300 | 30,000 |
+| February 16 | 1,000 | 300 | 30,000 |
+| February 19 | 3,125 | 938 | 93,800 |
+| February 24 | 120,000 | 36,000 | 3,600,000 |
+| February 25 | 60,000 | 18,000 | 1,800,000 |
+| February 26 | 14,000 | 4,200 | 420,000 |
+| March 1 | 13,000 | 3,900 | 390,000 |
+| March 2 | 4,000 | 1,200 | 120,000 |
+| March 3 | 10,000 | 3,000 | 300,000 |
+| March 4 | 8,000 | 2,400 | 240,000 |
+| March 8 | 24,000 | 7,200 | 720,000 |
+| March 9 | 15,000 | 4,500 | 450,000 |
+| March 10 | 26,000 | 7,800 | 780,000 |
+| March 11 | 6,500 | 1,950 | 195,000 |
+| March 12 | 2,000 | 600 | 60,000 |
+| March 15 | 2,000 | 600 | 60,000 |
+| March 17 | 6,000 | 1,800 | 180,000 |
+| March 18 | 3,125 | 938 | 93,800 |
+| March 25 | 3,125 | 938 | 93,800 |
+| March 29 | 3,125 | 938 | 93,800 |
+| March 31 | 4,000 | 1,200 | 120,000 |
+| April 1 | 10,000 | 3,000 | 300,000 |
+| Total |  |  | 42,713,000 |
+
+Yup. Assuming only 30% of the volumes resulted in actual synthetic CALLs being exercised to cover FTDs, we come up with a potential of 42,713,000 synthetic shares being created between January 7th and April 1st.
+
+Just for fun though, and I'm sure some of you are curious. Let's assume 100% of the volumes were accounted for. What would that give us? Dun dun dun... 142,375,000 synthetic shares. But I'll stick with the conservative estimate for now. Just thought I'd slap that in there for fun.
+
+Now let's assume that these were all NEW synthetics created because the SI was already over 100%. (Why else would they be buying these? The assumption is ITM CALLs are necessary for zero liquidity.) So we'll take the peak SI% since shitheads never covered and never will cover. The SI was 141% at its peak. Since 141% is based on 55,000,000 float, we'll say the original short position was 77,550,000, resulting in a grand total of 120,263,000 shares short as of April 1.
+
+What is the theoretical SI% now with our estimated shorts/synthetics just up to April 1st if the GME float is either 55,000,000 or the theoretical 30,000,000 as of late?
+
+| GME Total Float | SI% |
+| --- | --- |
+| 55,000,000 | 218% |
+| 30,000,000 | 400% |
+
+Oh dear god. That's a lot of tendies.
+
+They're amassing such a huge position that keeps growing every single SI Report Cycle. It's no surprise these reverse repo rates are coming out more frequently and in larger sums. They are battling a massive risk position now and GME is continuing to rise in price. They've got to be on their last legs.
+
+GME has been edged so much and so long that when it explodes it's going to rip a hole in the fabric of space and time and the simulation we live in will crash.
+
+Cheers apes. I'll see you on the other side.

DD/2021-05-18-Theory-on-FTD-Loop-Missing-Link.md

@@ -0,0 +1,271 @@
+Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th
+
+===================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+I'm not a financial advisor. <Insert witty comment here before posting>.
+
+Speculative post? OR REAL SHIT? I'm pretty hyped about April 16th being a doomsday clock for the hedgies, since that's the time they started working the night shift. "Give it up for day 15!" as Mr. Krabs would say.
+
+Do you like dates? I like dates. I'd be happy to take you on one. Just ask. 😉
+
+I would like apes to pick at this, because I feel like we're really close to finding the secret sauce to the price movements and predicting the next surge (maybe even MOASS ignition). Is it T+21? Is it T+35? Both? I've got some charts for you to take a peek at and help discuss!
+
+Shoutout to the big brain apes lately who started to bring traction to the FTDs again. I'd love to get all of your guys input and any other apes I've missed or who want to join in:
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)
+
+[/u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/)
+
+[/u/Horror_Fishing_2523](https://www.reddit.com/u/Horror_Fishing_2523/)
+
+[/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/)
+
+Let's DRAGON BALL FUSION this!
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0)](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0)
+
+Idea courtesy of /u/435f43f534
+
+1\. How to Determine T+35 and T+21
+
+Before we move forward, I think it's important to talk about T+35 and T+21. I've made the mistake of counting T+0 from option expiration, which I don't believe is right. The clock actually starts ticking on the Monday following options expiration. So, big whoops on my behalf.
+
+Quoting from [this post](https://www.reddit.com/r/Superstonk/comments/ml3exp/the_foass_speculation_yeah_foass/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) describing different T+N settlements:
+
+> It is not until T+35 (calendar days) when a clearing agency enters into a forced covering position.
+
+Ah, interesting. So after T+35 calendar days, the clearing agency is forced to start delivering.
+
+And if I recall correctly, T+21 derives from brokers having a limit of T+16, but a Market Maker gets an additional +5 days, which results in T+16+5 = T+21. So, Market Makers will be forced to deliver after T+21.
+
+Let's walk through an example of T+35:
+
+1\.  April 16 Options Expiration. T+35 clock starts the following Monday, April 19th, as T+0.
+
+2\.  Each calendar day following is +1, not including Holidays. This gives us:
+
+| April 16th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| April 19th | T+0 |
+
+| April 20th | T+1 |
+
+| April 21st | T+2 |
+
+| ... |  |
+
+| April 26th | T+7 |
+
+| ... |  |
+
+| May 21st | T+32 |
+
+| May 24th | T+35 |
+
+Cool beans. Let's walk through an example of T+21:
+
+1\.  April 16 Options Expiration. T+21 clock starts the following Monday, April 19th, as T+0.
+
+2\.  Each business day following is +1, not including Holidays. This gives us:
+
+| April 16th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| April 19th | T+0 |
+
+| April 20th | T+1 |
+
+| April 21st | T+2 |
+
+| ... |  |
+
+| April 26th | T+5 |
+
+| ... |  |
+
+| May 17th | T+20 |
+
+| May 18th | T+21 |
+
+So depending on if the Market Maker or the Clearing House is forced to deliver for April 16th options, if they are significant, then we're looking at one of two possibilities here:
+
+1\.  Market Maker delivers on T+21, May 18th
+
+2\.  Clearing House delivers on T+35, May 24th
+
+2\. Support for April 16 T+21 Theory
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s post is awesome. Take a look. It got my Pomeranian senses tingling again, so I took a look at the charts again once I looked at their findings a bit more:
+
+<https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21_from_put_expiry_dates_could_be_key_to_the_ftd/>
+
+[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s theory is that we have had T+21 links to January 22 and February 5th, resulting in the February 24th and March 10th bursts due to large amounts of PUT OI increasing since the middle of January. Remember, we don't count holidays. So it all lines up perfectly when you ignore February 15th (Washington's Birthday):
+
+| January 22nd Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| January 25th | T+0 |
+
+| January 26th | T+1 |
+
+| January 27th | T+2 |
+
+| <Ignore Feb 15> |  |
+
+| February 16th | T+15 |
+
+| ... |  |
+
+| February 22nd | T+19 |
+
+| February 24th | T+21 |
+
+| February 5th Options Expiration |  |
+
+| --- | --- |
+
+| Date | T+N |
+
+| February 8th | T+0 |
+
+| February 9th | T+1 |
+
+| February 10th | T+2 |
+
+| <Ignore Feb 15> |  |
+
+| February 16th | T+5 |
+
+| ... |  |
+
+| March 8th | T+19 |
+
+| March 10th | T+21 |
+
+With that relationship established, T+21 from April 16th truly points to tomorrow, May 18th, because we need to start T+0 from the Monday following the option expiration. May the force be with you, prophet [/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)! I sure as hell would like tendies tomorrow!
+
+3\. What if it's Actually a Combination of T+35 and T+21? The Missing Link?
+
+Now... with that being said, I'd like to throw a curve ball at you. Instead of T+21, perhaps it starts with T+35 from major options dates and then it triggers an ever-looping T+21 cycle from those initial options dates:
+
+1\.  The option expires and then T+35 calendar days later the Clearing House starts to deliver.
+
+    1.  Clearing House -> Market Maker delivery complete
+
+2\.  Once the Clearing House delivers on T+35, the Market Maker gets the delivery and enters a T+21 cycle of kicking the can down the road because they don't want to deliver to retail. Price suppression baby!
+
+    1.  Market Maker -> Retail/Institution delivery cancelled!
+
+Theory? The Clearing House delivers to the MMs. The Clearing House is out of the picture now. No more T+35. It's all on the MMs to complete the delivery to retail (or institutions). The MM (Citadel) does not want to deliver, because fuck that! The price will skyrocket! So, they suppress the delivery and continuously can-kick in an infinite T+21. This is an infinite T+21 loop because the MMs are obligated by T+21. Hey! It's FTD squeeze theory! I've come full circle!
+
+In an actual example, let's look at January 15:
+
+1\.  January 15 options expire. T+35, February 24th, Clearing House delivers to Citadel.
+
+2\.  Citadel caps the delivery to not let the price run wild. Nuh-uh retail! You're not getting deliveries!
+
+3\.  Citadel kicks January 15th deliveries further down the road T+21 more days.
+
+4\.  T+21 March 25th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
+
+5\.  T+21 April 26th arrives and Citadel has to act quick to kick the can T+21 once more.
+
+6\.  Repeats indefinitely until all of January 15th options deliveries are satisfied, or DTC-005 pulls the plug.
+
+Or take a look at February 5th:
+
+1\.  February 5th options expire. T+35, March 15th, Clearing House delivers to Citadel.
+
+2\.  Citadel caps the delivery to not let the price run wild.
+
+3\.  Citadel kicks February 5th deliveries further down the road T+21 more days.
+
+4\.  T+21 April 14th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
+
+5\.  T+21 May 13th arrives and Citadel has to act quick to kick the can T+21 once more.
+
+6\.  Repeats indefinitely until all of February 5th options deliveries are satisfied, or DTC-005 pulls the plug.
+
+Ew. I don't like text. I like visuals. And I'm sure you guys do, too. It just helps so much more. Don't worry - I got you! We'll plot the January 15th and February 5th examples on a chart!
+
+Take a look at this chart of GME. Purple boxes are indicating T+35. Green boxes are indicating T+21. I'd love if someone had data to back up February 5th, or if that's just a red herring. Still, T+35 and then T+21 loop lines up perfectly with February 5th options date when you take into account holidays.
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f)](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f)
+
+Figure 1: GME T+21 and T+35 Cycles
+
+Huh? March 15th didn't have a surge! Yes, you are correct. It had a biiiig surge down though. Now take a look at our friend AMC. I've plotted THE SAME EXACT T+35 AND T+21 CYCLES. Notice how similar AMC is? How its following the same spikes? Notice anything different about March 15 for AMC? AMC went up! I bet you they wasted a lot of ammo on March 15th to avoid GME surging up because it was in the $280s at the time. Danger Zone!!
+
+[![r/Superstonk - Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142)](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142)
+
+Figure 2: AMC T+21 and T+35 Cycles
+
+The similarities in these charts is too much to pass up. Both AMC and GME are heavily shorted stocks and we need to apply the same analysis to both. AMC seems less suppressed compared to GME - fewer attacks - because it's not as big of a problem as GME.
+
+Once I saw the surge on March 15 for AMC it started to click that the T+35 initiation followed by T+21 loop is probably happening.
+
+Again though, February 5th is strange. It's not one of the major option dates that were provided last year. The only major option dates provided in early 2020 were:
+
+-   Janaury 15, 2021 (Possibly started T+35 and then subsequent T+21 cycle)
+
+-   April 16, 2021 (Possibly starting another T+35 cycle and subsequent T+21 cycle)
+
+-   July 16, 2021
+
+-   January 21, 2022
+
+Could be a red herring. Could be that they fucked up thinking GME would have been dead by February 5th T+35 = March 15th. PUT OI and PUT volume skyrocketed during the January runup to absurd amounts (we peaked at 2 million PUT OI = 200 million shares worth). They very well could have chosen February 5th as a date to hide deliveries. This is where I'm hoping I get some help from fellow apes.
+
+Now once more - this isn't throwing T+21 April 16th theory out just yet! I've plotted it on the charts which signals May 18th as T+21 from April 16th expiration. I just believe that we're probably looking at this T+35 and T+21 relationship instead. Regardless, I'm excited to see what happens tomorrow.
+
+4\. TL;DR:
+
+The FTD loop is most likely based around an initial T+35 from the Clearing House, and then an infinite loop of T+21 by Citadel (Market Maker):
+
+1\.  Major option date expires. The Clearing House will deliver to Market Makers after T+35 calendar days because the Clearing House is obligated to deliver after T+35.
+
+2\.  The Clearing House is now out of the picture after T+35 and the Market Maker has the delivery. The Market Maker then has to deliver to retail/institutions.
+
+3\.  The Market Maker (Citadel) doesn't want to deliver, so they cap the deliveries and kick it down the road. The maximum time Citadel can kick the can down the road before it comes back is T+21 business days because Market Makers are obligated to deliver by T+21.
+
+4\.  Once T+21 arrives, they kick the can some more, and maybe a few deliveries spill out, resulting in the price surges we see every T+21 days.
+
+5\.  The resulting relationship from major option expirations is T+35 -> T+21 infinite loop
+
+6\.  You can follow this example with January 15th options expiration.
+
+    1.  January 15 T+35 -> February 24th
+
+    2.  February 24th T+21 -> March 25th
+
+    3.  March 25th T+21 -> April 26th
+
+    4.  April 26th T+21 -> May 25th
+
+-   April 16th's T+35 delivery from the Clearing House arrives on May 24th and should initiate another T+21 loop if the theory holds.
+
+-   January 15th's T+21 loop will hit again on May 25th.
+
+-   Combination of #6 and #7 could be a Wombo Combo.
+
+Cheers! :)

DD/2021-05-19-Delta-Neutral-Update.md

@@ -0,0 +1,54 @@
+Delta Neutral DD Update: We Need More Volume!
+=============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+I'm sure you probably don't need a DD to tell you that we need more underlying GME volume (in the form of a catalyst/FOMO), but wanted to share some observations from my work to partially explain why.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/eb8tem2st5071.png?width=910&format=png&auto=webp&s=60751638c8740598797d7732c68745b22bdd3c3e)](https://preview.redd.it/eb8tem2st5071.png?width=910&format=png&auto=webp&s=60751638c8740598797d7732c68745b22bdd3c3e)
+
+GME 12/1/2020 - 5/19/2021
+
+Refresher:
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
+
+-   Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. I don't use this too often as it's not a very consistent marker to make predictions on, but I keep it as a benchmark.
+
+Since the beginning of April, the GME has been fairly flat, with a wave-like pattern. This is actually very similar to underlying stocks with very high options volume relative to the underlying equity volume, which means it's highly controlled by MM delta-hedging stock-buying patterns.
+
+For example, here's a graph of Amazon, which has the highest options volume as a % of underlying.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/1bme4x3tu5071.png?width=910&format=png&auto=webp&s=3baddcf06b3d4e2f21ce4da4438940e8b5d40ede)](https://preview.redd.it/1bme4x3tu5071.png?width=910&format=png&auto=webp&s=3baddcf06b3d4e2f21ce4da4438940e8b5d40ede)
+
+Amazon 2/5/2020 - 5/5/2021
+
+As you can see, the delta neutral is relatively stable over time. The wave-like patterns is because of a "seasonality" effect leading up to each options expiration date. Delta neutral is generally highest on Fridays on expirations, compared to Mondays, for weekly-optionable equities. You can also see that the underlying value has a relatively stable ratio compared to the delta neutral, supported with resistance by the gamma neutral, and the max pain hugs the underlying pretty well. You can also see that the gamma neutral shoots up during periods of significant increases, but does not necessarily predict them. The ratio of the option volume x 100 / underlying volume for Amazon averages around 900%.
+
+Now here's a graph of Snowflake Inc, which has option volume as a % of underlying volume that averages more like 100%.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/ams0xoely5071.png?width=910&format=png&auto=webp&s=18c048a012bbdb8d8c4405a309968c5a164b448b)](https://preview.redd.it/ams0xoely5071.png?width=910&format=png&auto=webp&s=18c048a012bbdb8d8c4405a309968c5a164b448b)
+
+SNOW 9/22/2020 - 5/19/2021
+
+As you can see, this stock is less controlled by MM behavior, and the delta neutral can move with the underlying price more. The underlying also occasionally dips below the delta neutral, before coming back over it. You can also see the gamma neutral generally acts like a support, but can spike down/up if something big is happening.
+
+You can see in the GME graph above that it used to behave more like SNOW, but is now starting to behave like Amazon and is very controlled by MM patterns. It's also not a surprise, because the GME equity volume has decreased significantly the last two months. The table below summarizes the average 2021 GME volume for the underlying and options.
+
+[![r/Superstonk - Delta Neutral DD Update: We Need More Volume!](https://preview.redd.it/st1mcfln06071.png?width=341&format=png&auto=webp&s=a4acd814b56eb69e88a06922066fe540ed6e4f09)](https://preview.redd.it/st1mcfln06071.png?width=341&format=png&auto=webp&s=a4acd814b56eb69e88a06922066fe540ed6e4f09)
+
+Average 2021 GME Volume
+
+You can see that back in January, volume was much higher than options volume, so the underlying buyer dictated price movement. However, volume has dropped so low in May, that the option volume purchases are now 250% of the underlying, and now the price is controlled by options buyers and market makers.
+
+TLDR: As I said, I'm sure it's not a surprise that we need more volume through a catalyst event, but you should not expect the MOASS to happen until we get that volume surge to overcome the delta-hedging hedgies, and you should expect the price to oscillate between around 5% and 40% of the delta neutral until that happens.
+
+Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This all came out of a lot of personal research, and have observed it working pretty consistently with the stocks I track (ones with high options volume). No one has peer reviewed my work, and I can't find support for this on the internet/in books. Therefore, please take this made up theory from a nobody on reddit with a grain of salt.

DD/2021-05-26-Gamma-Squeeze-Could-Be-Coming-Soon.md

@@ -0,0 +1,38 @@
+Gamma Squeeze Could Be Coming Soon!
+===================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+For anyone that follows me, I track total market delta neutral/gamma neutral prices using options data to help with trading. The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes.
+
+The graph below summarizes the GME close price, Delta Neutral price (underlying where a total market delta is 0), and the Gamma Neutral price. You can see that a gamma neutral spike (at $7,387.08) occurred today for the first time since the 3/8 spike that started an 80% increase in a few days!
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/39sgr1p95j171.png?width=910&format=png&auto=webp&s=720e309950504c2759d106634cf6c331f17d9638)](https://preview.redd.it/39sgr1p95j171.png?width=910&format=png&auto=webp&s=720e309950504c2759d106634cf6c331f17d9638)
+
+GME 9/22/2020 - 5/26/2021
+
+I have a few more graphs below that zooms in on various sections so you can see how the gamma neutral price spikes can help signal increases.
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/rruwagby5j171.png?width=910&format=png&auto=webp&s=616dfac94d29b0b42d7e5c1e42db1d6d768c1928)](https://preview.redd.it/rruwagby5j171.png?width=910&format=png&auto=webp&s=616dfac94d29b0b42d7e5c1e42db1d6d768c1928)
+
+GME 2/19/2021 - 3/31/2021
+
+[![r/Superstonk - Gamma Squeeze Could Be Coming Soon!](https://preview.redd.it/ktkudkb96j171.png?width=910&format=png&auto=webp&s=51b48a9bc6738b664eba2e3c9fc4be763e914392)](https://preview.redd.it/ktkudkb96j171.png?width=910&format=png&auto=webp&s=51b48a9bc6738b664eba2e3c9fc4be763e914392)
+
+GME 1/4/2021 - 2/17/2021
+
+Additional information for those interested:
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
+
+Comparison to other stock behavior: [Delta Neutral DD Update](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/)
+
+TDLR: Gamma squeeze could be coming!

DD/2021-06-01-Shocking-Similarities-to-February-24th-and-March-10th-Runup.md

@@ -0,0 +1,168 @@
+Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.
+==========================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+I am not a financial advisor, and I do not provide financial advice! Everything within this post is my opinion and observations. They should be taken with skepticism. So grab a crayon my friends! June has started off absolutely wild!
+
+TL;DR: Hedgies are close to meeting [their doom](https://www.youtube.com/watch?v=Nw_cdqQHGA8). DOOOM.
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/umrwsell4r271.png?width=1277&format=png&auto=webp&s=43c58c358fa9130c22b5b6f5b81430992a9583fa)](https://preview.redd.it/umrwsell4r271.png?width=1277&format=png&auto=webp&s=43c58c358fa9130c22b5b6f5b81430992a9583fa)
+
+I've been labeled as "Doomsayer" by my friends.
+
+Actual TL;DR: June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.
+
+Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.
+
+1\. June Kicked Off A Few Things
+
+Here's a list of things you might have missed (save for OCC-003) that are now in place as of June 1st. Which further supports that the MOASS is getting close!
+
+-   JP Morgan opened [MORE netting accounts](https://www.dtcc.com/-/media/Files/pdf/2021/5/25/MBS987-21.pdf).
+
+    -   These are piggy banks for sucking up assets of defaulting members in the auctions of the DTC, ICC, and OCC. I wonder who JP Morgan is going to consume?
+
+-   DTC, ICC, and OCC wind-down and auction plans now all in place.
+
+    -   [OCC-003](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) was the final one to join. Welcome, OCC! All three entities are finally ready for the bomb.
+
+    -   In my opinion this means that the rocket is ready for takeoff because these entities are now protected.
+
+-   ICC [index swaption](https://www.investopedia.com/terms/d/dowjonescdx.asp) discounts started through [ICC-014](https://www.sec.gov/rules/sro/icc/2021/34-91922.pdf).
+
+    -   Think of this as an index like SPY/QQQ/VIX/etc. that watches for the potential defaults of others in the financial world.
+
+    -   The base swaptions are just like options, they give you the right but not the obligation to buy (or sell) insurance. But, this rule is for the INDEX discounts - meaning it is a bundle of these swaptions among a bunch of entities.
+
+    -   The ICC must be preparing for members of the index to be going on the brink of defaulting, or defaulting. From my interpretation, these discounts give others a cheaper hedge against defaults, and potentially get to scrape by instead of going under. This won't save the guys who are in too deep, it just helps everyone else to remain afloat after this market bomb goes off.
+
+-   ["Trading halt" rule amendments](https://www.reddit.com/r/DDintoGME/comments/no2ogw/two_approved_amendments_to_trading_halts_as_of_528/?utm_medium=android_app&utm_source=share) were passed May 28th, and are therefore in effect as of June 1st.
+
+    -   The wording of these amendments are VERY interesting. And the timing is VERY interesting. Take a look.
+
+    -   They will allow halts "In the event of a series of quotes, orders, or transactions at prices substantially unrelated to the current market for the security or securities"
+
+        -   E.g. They are preparing for people to be placing sell orders on securities/stocks that are WAY far away from the current trading price. Sound familiar? Like if GME is trading at $260 and a sell order comes in for $100k, $500k, $1m, $10m, etc? Yeah. Very curious why they'd push this amendment out.
+
+        -   Edit: This is most likely to have a slow burn upward in price on the standard +/-10% within 5 minutes trading halt. Don't worry about what has yet to happen. Only time will tell how this plays out!
+
+2\. Similarities To The Previous T+21 T+35 Runup
+
+It's quite amazing to look at everything right now and see the similarities. We already know that the T+21 loop is confirmed. It's like poetry. GME hits a beat in a cyclical manner every 21 trading days, and it is evidence that shorters are stuck in an endless dance. [Can we really look at T+21 and think that "they have covered their short positions"...?]
+
+If we can see patterns emerge from T+21, we can most likely see patterns emerge from T+21 and T+35. And so far, the current T+21/T+35 looks shockingly similar to the previous T+21/T+35.
+
+One similarity is the resurgence of gamma squeeze signals.
+
+The amazing ape [/u/yelyah2](https://www.reddit.com/u/yelyah2/), and I'm sure many others, have been [identifying signs that a gamma squeeze could be coming](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/):
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/q69cchm7kq271.png?width=1128&format=png&auto=webp&s=811f48c1afbefe1b70605994fc49a5e9a8070b77)](https://preview.redd.it/q69cchm7kq271.png?width=1128&format=png&auto=webp&s=811f48c1afbefe1b70605994fc49a5e9a8070b77)
+
+Figure 1: Gamma Neutral Values; From /u/yelyah2
+
+The most important data point to keep an eye on here is the yellow that spikes up/down. This is the "Gamma Neutral" value.
+
+> The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes. - [/u/yelyah2](https://www.reddit.com/u/yelyah2/)
+
+In other words, if you see Gamma Neutral spike up to the thousands and GME is currently trading in the hundreds, that means a Gamma Squeeze could be coming. Because the price needs to shift up to that amount in order to return gamma to 0 for a low-risk hedge. I'd definitely recommend reading their work on their findings!
+
+You'll see that in the first purple circle of Figure 1, Gamma Neutral spikes up on February 24th. Gamma Neutral then slams back down a few days later because the pressure was killed off. About a week later, March 5th, Gamma Neutral spikes again and remains high until the flash-crash of March 10th. Up until the flash crash, GME went on an absolute run in price and was starting to go parabolic.
+
+Take a look at the second purple circle of Figure 1. The same spike up/down over the course of a few days occurred again starting May 25th. Oddly similar to February 24th's spike up/down, right? Both brief anomalies initiated on T+21 dates.
+
+Between March 10th and May 25th, Gamma Neutral hasn't spiked up at all, despite there being two additional T+21 cycles between:
+
+-   March 25th (T+21)
+
+-   April 26th (T+21)
+
+Huh. What could have changed this time on May 25th?
+
+[Enter T+21 and T+35](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). The mechanics aren't fully fleshed out for why T+35 happens, I mean it's all based on patterns we see, but T+35 most likely applies to [Net Capital](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/). Net Capital being that the shorters must adjust their short position debts after a timeframe of their debts being discovered, or risk going net negative. This must be done in order to not default, because going net negative would trigger a margin call.
+
+These T+35's initiate from three major option dates:
+
+1.  January 15th, 2021 (--> February 24th)
+
+2.  April 16th, 2021 (--> May 24th)
+
+3.  July 16th, 2021 (--> August 23rd)
+
+So, we're not looking at purely T+21 days, but a [wombo-combo](https://www.youtube.com/watch?v=pD_imYhNoQ4) of T+35 and T+21 which could very well be the reason gamma squeeze signals are flashing again. Per my theory, a T+35/T+21 occurred last week, May 25th, due to April 16th options expirations. And the previous T+35/T+21 occurred on February 24th.
+
+COOL. So it appears that T+21/T+35 cycles can cause gamma squeezes due to the extra pressure on the shorters, and that might be why we're seeing a resurgence of the Gamma Neutral squeeze indicator this cycle. Oof, not a lot of data points, but hey. I like the patterns. 👀
+
+Moving forward, let's take a look at the price movements over the past few days. Of note:
+
+-   The purple call-out boxes are pointing to T+21/T+35 cycles (Feb 24, May 25).
+
+-   The red call-out boxes are pointing to purely T+21 cycles (March 25, April 26).
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/jfeq0m27vq271.png?width=1323&format=png&auto=webp&s=37a8d9f5925ed265cd3673714d95adc9b600140e)](https://preview.redd.it/jfeq0m27vq271.png?width=1323&format=png&auto=webp&s=37a8d9f5925ed265cd3673714d95adc9b600140e)
+
+Figure 2: GME Price Activity; Similarities Between Feb 24 T+21/T+35 and May 25 T+21/T+35
+
+Starting back at February 24th, all the way to the left of Figure 2, you'll see the purple callout box pointing to a purple box around the actual prices of GME. The lower bound of the box starts at the close price of February 24th, and the upper bound of the box ends at the close price of March 2nd, which is 4 trading days later. I used 4 trading days because, well, that's how many days we have seen since May 25th so far. I've applied this same method to all other T+21 dates and plotted their respective boxes. This is a visual to show you the behavior of the price following T+21 and T+21/T+35 cycles, and the differences between the two.
+
+You'll notice how on the T+21 days between February 24th and May 25th (red callouts), that the price was anchored around the same closing price of T+21 and not much upward pressure was applied. Meanwhile, the T+21/T+35 cycles (purple callouts) have had breakaways from these prices and are gaining much more momentum. The prices following T+21/T+35 have more support and are doing that beautiful bull-flag pattern that TA apes love. Further supporting that we're in a potential runup to a gamma squeeze in the near future.
+
+[Can't stop. Won't stop](https://www.youtube.com/watch?v=HgzGwKwLmgM). GameStop.
+
+The similarities of the price movement so far are quite hype, because this is on top of the resurgence of the gamma squeeze indicators.
+
+With all of the DTC, ICC, and OCC auction and wind-down plans being in effect as well as the other items I identified in Section 1.... man. It seems too good to be true right now.
+
+For fun, I plotted in blue ("10 bars, Nd") the gamma ramp timeframes in Figure 2. Check out when the next parabolic move like March 10th could occur. June, frickin' 9th. Sound familiar? Shareholder meeting? It's probably just coincidence, but damn. Good timing. Also haha 6/9. Nice.
+
+Further possible support is this post by the amazing ape [/u/isnisse](https://www.reddit.com/u/isnisse/). They have identified that a [breakout could be coming on June 10th](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/). They've used a really clever approach to guesstimate the breakout. Definitely take a look! Confirmation bias overloaded once I saw this.
+
+One last thing to note before moving on is the number of consecutive green close days that have followed May 25th. We have not seen that before, where there's a ton of support following T+21 or T+21/T+35, even back for the February 24th cycle.
+
+Are shorties losing their grip? One metric I was watching for the longest time was Deep ITM CALL purchases, which could also signal that their DOOOM is near.
+
+3\. The Death of Deep ITM CALLs?
+
+In my [previous post](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), I was thinking that these Deep ITM CALLs were being used to satisfy FTDs. Now I'm not entirely sure - it could be used for that purpose, certainly. But it could simply be that they were used to delay the FTDs rather than satisfying them as people were predicting for the longest time. If that is the case, then the shorties are most likely losing their grip, as shown by the increase of volumes in meme stocks across the board. The <insert offensive word> is about to hit the fan.
+
+I'm grabbing this figure from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) which compares Deep ITM CALL Volumes to FTDs:
+
+[![r/Superstonk - Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.](https://preview.redd.it/c490umhwqq271.png?width=1907&format=png&auto=webp&s=93f449a5150c398e9a88e857a937677e239fae70)](https://preview.redd.it/c490umhwqq271.png?width=1907&format=png&auto=webp&s=93f449a5150c398e9a88e857a937677e239fae70)
+
+Figure 3: Deep ITM CALL Volumes Vs FTDs; From /u/broccaaa
+
+When FTDs skyrocket, Deep ITM CALLs are eaten up. You see this occur extensively in January due to the mini-squeeze that occurred from massive FOMO of retail around the world. And then a resurgence of these Deep ITM CALL anomalies in the February 24th to March 10th runup due to more FTDs appearing.
+
+Ever since March 10th, these Deep ITM CALL purchases have slowly decayed and died off. User [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) had been posting about these anomalies for weeks, and weeks, until suddenly - the anomalies stopped. The only significant purchases that have been made since the Deep ITM CALLs died off have been for Deep OTM CALLs and Deep ITM PUTs.
+
+-   [Deep OTM CALLs were purchased](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). Possibly a big entity expecting the price to pop by July 16th.
+
+-   Deep ITM PUTs were purchased as well (same link). [We got a warning that they could be used to flash crash the price on May 28th](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/), and sure enough, it happened.
+
+So what does this mean? The give-up on Deep ITM CALLs could be many things.
+
+Perhaps there's no more liquidity to use them?
+
+Maybe they came up with a better way to delay FTDs?
+
+It could be too expensive and they can't delay FTDs any more?
+
+Maybe, by some weird reason, DTC-005 is actually in effect and blocking this practice - which makes the FTDs come to fruition these next few weeks?
+
+The resurgence in meme stocks across the board makes it look like they're losing their grip and its simply too expensive for them to delay it any more. The volume, in my eyes, is not shorts covering but the volume is due to the FTDs beginning to pour out into the world.
+
+The peddling of AMC could be that is their last and only option. To divide and conquer. Their best chance now is to try to pull GME apes into AMC because, despite it being shorted heavily as well, it is a much higher float and lower price. Therefore it would be easier to contain and take control of. They have to try to push AMC because all their other efforts failed. That being said, when GME goes off, AMC, KOSS, and other meme stocks will most likely squeeze as well. But - GME is the backbone, and only as long as GME remains strong will every stock experience a squeeze.
+
+The latest T+21/T+35 cycle is prepping a gamma squeeze, just like what we saw from February 24th to March 10th. It's surprising how similar things are looking so far, especially in the price movement and support staying in the $260s as of after hours of June 1st.
+
+It's even scarier that the gamma squeeze, if it happens, would start to go parabolic exactly on June 9th.
+
+Ryan Cohen - did you know? DID YOU?

DD/2021-06-03-Who-Has-Been-Trading-GME-Every-Week.md

@@ -0,0 +1,149 @@
+The FINRA Veil: Who's Been Trading GME Every Week (four months of data examined)
+================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/djk934](https://www.reddit.com/user/djk934/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+So [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/) pulled some FINRA data on June 2nd (<https://www.reddit.com/r/Superstonk/comments/nr2gbi/hank_needs_you_part_ii_hank_the_data_shepherd/h0embxg/>) and I went digging into this for the data that was there for GME. It goes from the week of January 4th to April 26th. So unfortunately, it's a bit outdated, but that's what we have to work with. This is the OTC data.
+
+TLDR We get to look at all the different groups potentially wrapped up in this mess. Spoiler alert, it is probably more major groups than you think.
+
+I also have the Excel sheet of the FINRA data, and I think I got it working below to share it safely. Looking into some solutions for that - you can also copy the information from [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)'s post into Notepad and import it into Excel fairly easily. [Google Sheets Link Here](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx) (first time doing this but I believe it should safely share - it's an Excel file download)
+
+TLDR DONE
+
+I examined the data to review who traded the most GME each week and there were five consistent companies that consistently appeared in the top 5 for Total Weekly Share Quantity. Depending on the week they are in different orders.
+
+-   Citadel Securities LLC
+
+-   Virtu Americas LLC
+
+-   G1 Execution Services LLC
+
+But that's only 3, you said there were 5. I did. Check out these images.
+
+<https://imgur.com/SBUQPbe>
+
+<https://imgur.com/6JufxgW>
+
+<https://imgur.com/GnQP60P>
+
+The other 2 groups DO NOT INCLUDE A NAME. Their Market Participant Name is BLANK. It is impossible to know 100% if this is only two separate groups but I would argue that since they consistently show up throughout the FINRA data we are looking at 2 mystery companies that are trading an absolute ton of GME every week OTC. One of these blank spots is ALWAYS the top spot, while the other seems to fluctuate between position 3 and 4.
+
+These five positions (two blanks, Citadel Securities, Virtu Americas and G1 Execution Services) account for around a total of 82% of the trades carried out OTC. (thanks for [u/Gandos123](https://www.reddit.com/u/Gandos123/) for pointing this out!) Including these groups, there are around 33 regular participants. Which means the other 28 entities only carried out 18% of the OTC trades.
+
+Edit - the blanks may be classifying other info - if you examine other tickers they add up to 50% of trades. But the numbers aren't that important for this post.
+
+So who the fuck could these two blank groups be. I suspect this is also intentionally left blank, but why would it be left blank? Could be deliberate foul play? Could be a legitimate error? Could be a FINRA regulation?
+
+So I went looking on FINRA's website to see if there was a rule about this. Turns out there is. If a firm lacks a market participant ID (MPID for short), then the field is intentionally left blank. (for more on these check out <https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq> under Section 104 and <https://www.finra.org/filing-reporting/regm-user-guide>) The firm could also break the rules and not report their MPID if they wanted for a small fine (ugh). The full MPID list can be found <https://otce.finra.org/otce/mp-list>.
+
+The full list of participants trading GME *ON A WEEKLY BASIS* in the FINRA report from January 4 to April 30 is listed here. There were a few other small fry that showed up, but not for many shares or more than a week or two.
+
+-   BIDS BIDS ATS -- likely belongs to BIDS Trading L.P. (they have multiple MPID's but BIDS is one of them)
+
+-   Citadel Securities LLC (multiple MPID's but IEQY is one of them)
+
+-   CODA CODA -- likely belongs to Coda Markets Inc. (they have multiple MPID's but CODA is one of them)
+
+-   Comhar Capital Markets, LLC (their MPID is YKNA)
+
+-   CROS CROSSFINDER -- likely Credit Suisse Securities (their MPID is CROS)
+
+-   DBAX SuperX ATS -- likely Deutsche Bank Securities (they have multiple MPID's but DBAX is one of them)
+
+-   De Minimis Firms (THERE IS NO MPID HERE, small firms that do less that 200 trades per day get grouped up together as De Minimis Firms <https://www.sec.gov/rules/sro/finra/2019/34-86315.pdf> )
+
+-   EBXL LEVEL ATS -- likely EBX LLC (their MPID is EBXL)
+
+-   G1 Execution Services, LLC (multiple MPID's but ETMM is one of them)
+
+-   IATS IBKR ATS -- likely Interactive Brokers LLC (their MPID is IATS)
+
+-   ICBX CBX-- likely Instinet, LLC (they have multiple MPID's but ICBX is one of them)
+
+-   INCR Intelligent Cross LLC -- Intelligent Cross LLC
+
+-   ITGP Posit -- likely ITG INC. (they have multiple MPID's but ITGP is one of them)
+
+-   Jane Street Capital LLC (multiple MPID's, JSJX is one)
+
+-   JPBX JPB-X -- likely J.P. Morgan Securities (they have multiple MPID's but JPBX is one of them)
+
+-   JPMX JPM-X - likely J.P. Morgan Securities (they have multiple MPID's but JPMX is one of them)
+
+-   KCGM Virtu Matchit ATS -- likely Virtu Americas LLC (they have multiple MPID's but KCGM is one of them)
+
+-   LATS The Barclays ATS -- Barclays Capital Inc. (they have multiple MPID's but LATS is one of them)
+
+-   MLIX Instinct X -- likely Merrill Lynch, Pierce, Fenner, and Smith Incorporated (they have multiple MPID's but MLIX is one of them)
+
+-   MSPL MS Pool (ATS-4) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSPL is one of them)
+
+-   MSRP MS RPool (ATS-6) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSRP is one of them)
+
+-   MSTX MS Trajectory Cross (ATS-1) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSTX is one of them)
+
+-   National Financial Services LLC (their MPID is XSTM)
+
+-   Robinhood Securities, LLC -- likely Robinhood Financial, LLC (multiple MPID's but HOOD is one of them)
+
+-   XSTN CrossStream -- likely National Financial Services LLC (their MPID is XSTM)
+
+-   SGMT SIGMA X2 -- likely Goldman Sachs and Co. LLC (they have multiple MPID's but SGMT is one of them)
+
+-   Stockpile Investments Inc. (their MPID is STKP)
+
+-   Two Sigma Securities, LLC (multiple MPID's but OHOS is one of them) *** UBS Securities LLC** (multiple MPID's but UBSS is one of them)
+
+-   UBSA UBS ATS -- likely UBS Securities LLC (they have multiple MPID's but UBSA is one of them)
+
+-   USTK Ustocktrade Securities (multiple MPID's but USTK is one of them)
+
+-   Virtu Americas LLC (multiple MPID's but VALR is one of them)
+
+-   Wolverine Securities, LLC (their MPID is WSEA)
+
+So there's the list of companies that have sent info to FINRA about their OTC trading. But we still have our missing companies right. Did you catch it? One of the major hedge funds involved in this entire mess is not listed here.
+
+Melvin Capital is not on the list. Given their central role in all of this, I would suggest they are potentially one of our BLANK parties. Given that Citadel had to publicly send them some funds, my guess is they are player numero uno EVERY SINGLE WEEK here. They are probably holding some HEAVY BAGS. Since they had an MPID, I suspect it's deliberate we do not see them here. (MLVN and MSMM are the MPID's for Melvin Securities LLC)
+
+The other group I am unsure of. I've looked through Bloomberg posts from these dates and can't find a huge amount of institutional changes. There are a few groups I have in mind, but no real data to back this up.
+
+EDIT ADDITION If you examine other tickers than GME, the blank spaces are accounting for around 50% of the trades. Do the blanks mean something else entirely? Maybe buy or sell side of trades with the listed firms? The data is pretty shitty in terms of numbers, but I don't think this changes the DD I am posting here. The numbers aren't really the focus of the DD anyways, but the list of potential involved parties. END ADDITION
+
+I know apes have looked heavily at Citadel and Melvin and their activities surrounding all of this, but I think it is time we spent some more time on some of these other groups that have been juggling GME around in OTC pools for a four month period as the largest stock fraud that's ever occurred played out.
+
+Though more recent data is not available, it's likely many of these groups are still stuck juggling weekly, perhaps more digging into them might yield some additional info.
+
+How well can we trust the exact numbers here? I'm not sure, *especially with the House of Cards revelations that some of these groups hold FINRA's investments*, but I think we can trust that the groups trading are correct as they don't like to waste money in fines if they don't need too.
+
+EDIT: So I forgot that Melvin applied for confidential treatment of some positions, then got denied for Q1. Then they reapplied for Q2 to hide their positions again (which went through), but will likely be denied again in a bit. I suspect it's even more likely that they are the top blank.
+
+A lot of people have commented Point72 as the third group - great idea - I skimmed the MPID list and didn't see them on there, so that may be correct as groups without an MPID can be listed as blank.
+
+Also, I've seen a lot of comments that Susquehanna isn't here - G1 Execution Services is a subsidiary of Susquehanna. Credit to [u/Emergency-Monk-7002](https://www.reddit.com/u/Emergency-Monk-7002/) for the link.
+
+Final point of this edit, I didn't put this in the post originally but have received a few messages about Bank of America - they are a subsidiary of Merrill Lynch I believe (BOFA is one of Merrill's MPID's) and Merrill Lynch is on the list.
+
+EDIT 2: An Excel File Link is now available. I believe it should share safely/anonymously now. [Link](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx). If you click this it will download the Excel file.
+
+EDIT 3: Someone asked who FINRA was and I put it in a comment. But at this point they might as well be the Financial Institution Not Regulating Anything.
+
+EDIT 4: Added a small note about how concentrated these OTC trades are in the top 5 entities.
+
+EDIT 5: To any mods who see this while I'm asleep, there might be a discrepancy in the numbers on this which I'm not sure what to make of after discovering it. Since after chugging through way more numbers ON OTHER TICKERS THAN GME in the Finra data, the blanks are accounting for exactly 50% of the data on each ticker. It is possible that the blanks could be accounting for the buy or sell side and the other listed groups are the opposite side of those trades, however this is poorly labelled and tough to decide which it is since it's the Market Participant Name that's blank and there is no label for whether it's a buy or sell. Whether the blank groups at the top is an entity or some odd tally/subtotal of trades, it isn't exactly clear from what's here.
+
+Regardless, I don't think it changes the point of the DD post here as I did indicate I wasn't super confident in FINRA's numbers originally since reading House of Cards. FINRA does have rules that names can be redacted/not included, firms could omit them, etc.
+
+Most importantly, the main point of this post is that the groups listed here have been participating in OTC trades for over 4 months from January to the end of April and the data shows it. It's fairly likely they are tangled up in this mess one way or another. We should continue to expand who we are looking into.
+
+Cheers all!
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

DD/2021-06-04-A-Look-Back-at-What-Michael-Burry-Knew.md

@@ -0,0 +1,127 @@
+A Look Back at What Michael Burry Knew
+======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Pop-Tart_Rabies_Monk](https://www.reddit.com/user/Pop-Tart_Rabies_Monk/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle.
+
+I don't know about you but it has been quite a journey to get to this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we?
+
+Michael Burry
+
+I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround).
+
+We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. GME had a lil' mini squeeze in January, during which Burry sold his GME position for serious profit (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment).
+
+Even though Burry closed his GME position in January, he didn't just stop talking about it. Not by a long shot.
+
+"Building You Staircases and Knocking Castles Down"
+
+Read this tweet. No, seriously, go ahead. I'll wait.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276)](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276)
+
+🤑🤯
+
+I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just seen the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times for GME. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was a lurker on WSB at the time. But that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous."
+
+And then Michael Burry tweeted this.
+
+I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized a few minutes into the movie that the dude Christian Bale was playing in that movie was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind:
+
+"building you staircases and knocking castles down... building you staircases and knocking castles down."
+
+HO. LY. 💩
+
+At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy.
+
+So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my short-list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as [biotech].
+
+Let's take a look at the price chart, 6-month view, with the cursor over the day in question.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4)](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4)
+
+[Biotech] 6-month
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b)](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b)
+
+GME 6-month
+
+Now, when you look at [biotech], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on [biotech] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when [biotech] was spiking. So why did [biotech] do almost +300% in two days?
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9)](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9)
+
+Interim Analysis Results
+
+This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours.
+
+But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did [biotech] have a meme-like spike?
+
+#BigMoney
+
+Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. [Biotech] institutional ownership.
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30)](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30)
+
+[Biotech] Institutional Ownership
+
+Did you see it?
+
+[![r/Superstonk - A Look Back at What Michael Burry Knew](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13)](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13)
+
+🤔
+
+Hmmmm...
+
+So BlackRock, our mythical GME long whale, is also the largest institutional holder of [biotech]. Interesting. But that's not all. Susquehanna International is also in the top 10 of SAVA , a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert [FuturamaSquintyEyes.gif.]
+
+And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!")
+
+BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares.
+
+Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short.
+
+But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in [biotech], you better believe it is as a hedge against a net short position.
+
+Let's go back to February 4th. On that day, both GME and [biotech] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows:
+
+1.  Citadel (and possibly Susquehanna) shorted both GME and [biotech].
+
+2.  BlackRock went long on both GME and [biotech].
+
+3.  GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻
+
+4.  A couple of days later, [biotech] spiked on the news of the interim results of their Alzheimer's treatment.
+
+5.  Citadel didn't like that. So they shorted [biotech] back down to size as much as possible (smh).
+
+6.  On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and [biotech]. They ultimately stabilized.
+
+So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still.
+
+My main takeaways from this exercise:
+
+1.  I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have an idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.
+
+2.  Every time I or any one of you beautiful apes pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.
+
+3.  Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down. HODL.
+
+4.  When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.
+
+TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.
+
+HODL my beautiful fellow apes.
+
+If you made it to the end, good job monke. Here, have a banana 🍌
+
+Not financial advice. I literally can't tell my own rear end from a coconut FYI.
+
+P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward.

DD/2021-06-04-Complete-Bank-of-America-Gamestop-DD.md

@@ -0,0 +1,157 @@
+The Complete Bank of America Gamestop DD
+========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/gfountyyc](https://www.reddit.com/user/gfountyyc/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga
+
+Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor.
+
+> If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty*
+
+Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga.
+
+Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January.
+
+Hypothesis: Bank of America is the biggest bagholder in the Gamestop saga.
+
+Supporting Evidence:
+
+The 15 Billion Dollar bank bond.
+
+On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral?
+
+<https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409>
+
+BAC needed that 15B bond for insurance
+
+<https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan>
+
+watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE.
+
+I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.
+
+The Citadel Link
+
+So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now.
+
+Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. I think it is going to be an issue for someone else as well.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae)](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae)
+
+Citadels Liabilities
+
+Notes from the financial statement for Sussqhana and Citadel
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183)](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183)
+
+Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed
+
+Let's check what Citadel says about its Prime Broker ---->
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463)](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463)
+
+Who is holding Citadel's bag of shit?
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb)](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb)
+
+T his is also found in Citadels 2020 Annual Finacial report "A substantial portion of Citadels' options clearing and Financing activities are with BAML"
+
+BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless.
+
+Something to consider...
+
+Virtue Capital annual report
+
+<https://sec.report/Document/0001592386-21-000005/>
+
+They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH .....
+
+what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B.
+
+<https://outline.com/SxAFCy>
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8)](https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8)
+
+Virtue Capital payment for order flow
+
+then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit
+
+The Loan
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b)](https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b)
+
+They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH
+
+The New Hire?
+
+A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal?
+
+<https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel>
+
+Look for the usual suspect
+
+I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them.
+
+<https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20>
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21)](https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21)
+
+The 13F Filings
+
+In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit.
+
+<https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link>
+
+The recent Bank of America Q10 Quarterly report
+
+I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem.
+
+The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7)](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7)
+
+Page 47 on their recent Q-10
+
+<https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf>
+
+The Bullshit Push for Silver
+
+Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit.
+
+<https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790>
+
+<https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/>
+
+The Roaring Kitty
+
+It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff.
+
+[![r/Superstonk - The Complete Bank of America Gamestop DD](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5)](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5)
+
+Bank of America ATM and the GME logo
+
+The closed locations:
+
+Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look).
+
+Bank of America Analyst Shitting On GME
+
+"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%"
+
+"This is not a good quarter," Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company."
+
+Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January.
+
+<https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus>
+
+Conclusion: Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions.
+
+Note: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks.

DD/2021-06-04-There-is-Statistical-Significance-in-Meme-Stock-Price-Movement.md

@@ -0,0 +1,276 @@
+Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).
+========================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/squirrel_of_fortune](https://www.reddit.com/user/squirrel_of_fortune/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns8dhk/yes_those_patterns_yall_keep_posting_are_real_the/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+So, this post is in response to [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) 's request for DD into correlation between stock price movements.
+
+TL/DR:
+
+1.  Two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
+
+2.  A machine learning method asked to put stonk data into clusters based on their patterns over the last half year put the meme stonks GME, AMC, KOSS, and others together regardless of which bit of price data you choose to look at. Look at the pictures!
+
+3.  Before Jan 2020, meme stocks (as a group) were not particularly correlated with each other, after Jan they were very well correlated with each other. (In fact before Jan AMC and GME were negatively correlated, after Jan they were very closely correlated).
+
+4.  On average, a control basket of boomer stocks have not changed in their correlation to each other. The basket of meme stonks have changed (after Jan 2021) to become highly correlated with each other (to a high statistical significance).
+
+Pearson R2 (r-squared) is a quick n dirty way to do the comparison between stonks, so I also wanted to put the data into an ML algorithm that would look for clusters in it, and see if that algorithm, knowing nothing about the situation other than the stock price and volume info, would group the stocks the same way we might by eye.
+
+Question 1: Would a machine learning algorithm cluster the stocks into meme and boomer? As in, what general patterns exist in these stock movements?
+
+Question 2: Are meme stocks significantly correlated with each other? Are they correlated more than a control set of boomer stocks?
+
+Bag of meme stocks as suggested by [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/): GME, AMC, KOSS, NAKD, NOKK, BBBY, VIX
+
+Control bag of boomer stocks: AMZN, CVS, GSK, RDS-B, WEN, GM, IBM. These were selected semi-randomly to try and come from different areas of the economy. And I added Wendy's just cos. And I think I picked general motors randomly, but maybe I was primed by GME's ticker.
+
+See picture below: normalising the daily high price to the highest price over the year to date, boomer stocks are dotted lines, meme stocks solid lines, they look different to me.
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb)](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb)
+
+This is the high price, after normalisation to the higher price seen in the last year to date. I don't wanna lead you apes, but I would say that the boomer stocks (dashed) look different to the meme stocks (non-dashed). But that is not scientific enough!
+
+Next picture: after the normalisation described in the methods section below to remove the general background movement of the stock market. I did not expect KOSS to be that similar. Maybe Hank did. The numbers in this plot are large due to the normalisation, but we don't care about the exact numbers we care about the patterns here. This graph shows us that GME and its friends are doing something really fucking odd this year to date!
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b)](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b)
+
+Normalised as described to remove the NASDAC background
+
+Question 1. Are meme stocks similar to each other? Would they be clustered together?
+
+We get very similar results for the 5 dimensions of the data (high price, low price, open price, close price , adjusted close price and volume). Low and high prices results showed the largest effect. The algorithm doesn't have a great time clustering over the entire time period, but we see something interesting when we split the data into June-Dec 2020 (before) and Jan-June 2021. I think low price is the most interesting so I will use this as an example. All the data from here on is the Low price of the day, although similar things were seen with the other prices.
+
+How to 'read' these pictures, the grey lines are the stocks over the time period, the red line is what the algorithm thinks is the middle of this cluster of stocks (sort of like a corrected average). The data is normalised for the algorithm, so the y axis is a relative price, the days are days since the start of the time period (6 june 2020 (before) or 1st Jan 2021 (after)).
+
+Before (in 2020):
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac)](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac)
+
+Stonks behaving normally. Note AMC and GME are in different clusters. Cluster 1 is stocks that go down, cluster 2 is stocks that go up. This is for the June 2020 to Dec 2020
+
+The best answer is 2 clusters:
+
+Cluster 1: ['AMC', 'NAKD', 'NOKK', 'VIX', 'CVS', 'GSK', 'RDS', 'WEN', 'IBM']
+
+Cluster 2: ['GME', 'KOSS', 'BBBY', 'AMZN', 'GM']
+
+After (2021):
+
+The two measures gave the best answer 2 clusters and four clusters.
+
+The two cluster answer:
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58)](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58)
+
+Meme stonks in cluster 1, boomer stocks in cluster 2, roughly. (y axis is mislabelled sorry, these are low prices). This is Jan 2021-June 2021
+
+*2 clusters (best on one measure)*
+
+Cluster 1: ['GME', 'AMC', 'KOSS', 'NAKD', 'BBBY', 'GM']
+
+Cluster 2: ['NOKK', 'VIX', 'AMZN', 'CVS', 'GSK', 'RDS', WEN, IBM]
+
+The 4 cluster answer
+
+*4 clusters (best on another measure)*
+
+[![r/Superstonk - Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3)](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3)
+
+Cluster 1. Some meme stocks and GM, peak around Jan, cluster 4, GME and AMC, doing their squeeze thing? Cluster 2 and 3, normal stocks doing normal things. (Again mislabelled y axis, sorry, is defo low prices). Jan 2021- June 2021
+
+Cluster 1: ['KOSS', 'NAKD', 'BBBY', 'GM']
+
+Cluster 2: ['VIX', 'AMZN', 'GSK', 'RDS']
+
+Cluster 3: ['NOKK', 'CVS', 'WEN', 'IBM']
+
+Cluster 4: ['GME', 'AMC']
+
+I got the same general pattern on the high price as well. AMC GME KOSS BBBY tend to be clustered together.
+
+Look at cluster 4's graph, isn't it pretty? And after the normalisation and all that shit (removing market background), we see that GME and AMC are higher than they were in Jan. Maybe they got a way to run?
+
+Conclusion 1:
+
+There is something similar in the meme stock price movement that causes the algorithm to put them together and this is seen across the 5 data dimensions (high price, low price etc). Looking at the four cluster answer, we see there are two different meme stock behaviors, the Jan price increase then settle for KOSS NAKD BBBY and GM (GM is following GME possibly cos of fat fingers, see later), whilst our meme stonks AMC and GME are increasing from Jan til now...
+
+Question 2.
+
+Is there a statistically significant correlation between the price action of meme stocks?
+
+Significance: how this works:
+
+The Pearson R2 measure (R2, should be R2 but I don't know how to superscript) is a measure of how correlated the stocks are. An R2 of +1 means an exact positive correlation (e.g. $GME goes up when $MEH goes up), an R2 of -1 means an exact negative correlation ($GME goes down when $MEH goes up), and R2 of 0 means no correlation (i.e. the two stonks are unrelated). It's not the best method to do this comparison, but it's the one we got!
+
+The p value is a measure of significance, if it is over 0.05 then the results are considered not statistically significant at all. The smaller the p value is, the more significant. (In more statistical language, a small p value relates to a small chance that the result seen is due to random fluctuations and not a relationship between the stonks). A p value under 0.0001 is highly significant. Where I've put p << 0.0001 I saw some TINY numbers, like a p values in the 1x10^{-20} region. You need to have significant results for your results to mean anything. (Any stats geeks in da house? Yes, we could discuss the difference between statistical significance and scientific significance, here, but we didn't. soz).
+
+If we have a large R2 there is a correlation, if it is backed up by a small p number it is a significant correlation and therefore we believe it is not a spurious correlation (i.e. bullshit).
+
+We use IBM as our archetypal boomer stock as no one ever got fired for buying IBM!
+
+OK so looking at GME's price movement against other stonks before 2021:
+
+Looking at the R2 on low and high prices BEFORE (June - Dec 2020):
+
+MEME to MEME
+
+GME to AMC : R2 = -0.73, p ~<<0.0001 (Negative CORRELATION! Very significant) (p value is 1X10^(-25)!)
+
+GME to KOSS : R2 = 0.55 , p <<0.0001 (middling correlation, Very significant)
+
+MEME to Boomer
+
+GME to IBM : R2 = -0.7, p << 0.0001 (neg correlation, very significant)
+
+BOOMER to BOOMER
+
+IBM to GSK -- R2 = 0.94, p << 0.0001 (high correlation, highly significant
+
+Fat fingered test
+
+GME-GM -- R2 = 0.79. p << 0.0001 (high correlation, highly significant)
+
+Looking at the R2 on low and high prices AFTER (Jan-Jun 2021):
+
+MEME to MEME
+
+GME to AMC : R2 = 0.83, p << 0.0001 (positive CORRELATION! Significant)
+
+GME to KOSS : R2 = 0.77 , p << 0.0001 (positive CORRELATION, very significant)
+
+MEME to Boomer
+
+GME to IBM : R2 = 0.47, p << 0.0001 (positive CORRELATION, significant)
+
+BOOMER to BOOMER
+
+IBM to GSK : R2 = 0.62, p << 0.0001 (mid correlation, highly significant
+
+Fat fingered test
+
+GME to GM : R2 = 0.72. p << 0.0001 (high correlation, highly significant)
+
+With a p value of p << 0.0001, GME is correlated with AMC (before and after, although switches direction), KOSS (before and after), NOKK (after), BBBY (before and after).
+
+*Fat fingers*: Humorously, there is a correlation between GME and GM, obviously people are buying the wrong ticker, so I guess my 'random' choice of GM was actually not that random, as I made the same mistake! N.B. GME-GM's correlation is the outlier in the boomer stock basket, but I left it in anyway.
+
+So what have we found?
+
+After January the meme stocks (GME, AMC, KOSS, BBBY) became positively correlated if they weren't and the positive correlation increased. So these stocks started to move together and only GME and KOSS were moving together before. The IBM-GSK comparison shows two different boomer stocks from the control group, they come from different industries (GSK was affected more by covid than IBM) and we see a standard sort of movement, they're both positively correlated and generally following the wider economy.
+
+And here's the data for all (average used is the median, error is standard error, 42 pairwise comparisons).
+
+Average R2 of meme stock before : -0.42 (+/- 0.09)
+
+Average R2 of meme stock after : 0.32 (+/- 0.05)
+
+Average R2 of boomer stock before : 0.34 (+/- 0.08)
+
+Average R2 of boomer stock after : 0.25 (+/- 0.05)
+
+Difference in meme stocks: + 0.74, this is a huge change.
+
+Difference in boomer stocks: -0.11, this is small, (but is it actually significantly different from no change?)
+
+So from this and the graphs we can see before both boomer stocks were on average not particularly correlated with each other. On average, meme stocks were weakly anti-correlated. But after, meme stocks on average move to be more positively correlated.
+
+Another hypothesis test! Yay! My favourite thing!
+
+Are these populations significantly different? i.e. is the change of the r2 of these stonks before and after significant. (geek note, we use the mann whitney u test here, and I used the Hedges effect size test (thought you'd like that!)).
+
+For the meme stocks:
+
+Yes! The correlation after is GREATER with a p-value of 0.0079 (so statistically significant) and an effect size of 0.7 (a medium sized effect). So the average change in correlation between the meme stocks is a (statistically) significant increase.
+
+For the boomer stocks:
+
+No! The correlation after is LESS with a p-value of 0.54 (so NOT statistically significant) and an effect size of 0.1 (no real effect). So no real correlation either way, I,e, the relationship between the boomer stocks hasn't changed over the last year to date (cos the change I found is small above enough that it could be random noise). So the average change in correlation between the boomer stocks is (statistically) insignificant.
+
+So what's the point?
+
+The meme stocks have become significantly more correlated since January, and our control basket of boomer stocks have not. I will not speculate as to why this is the case. Again, Hank asked on here for this information, so I presume he has an idea. At the very least, it is nice to know that the similarity in the price action that everyone keeps posting is statistically significant. I only looked at daily data (where do you get the 5 minute data?) and I expect that the GME AMC correlations on this timescale would be fun to look at, and perhaps something of a smoking gun.
+
+Final point, correlation does not imply causation. Although I've not made any comments as to why these correlations exist. All we've got here is two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
+
+The end unless you want to know the details:
+
+Methods:
+
+*Data pre-processing:*
+
+We want to look at the patterns in the data and relative change rather than overall price movement, so we normalise the data to try and compare the datasets.
+
+Data was taken a year to date from yesterday (6/3) and all stocks were normalised to the first day, so that the first day normalised prices was 100. The NASDEC ($IXIC) was also normalised the same way to the same day. To remove the background effect of the stock market's general movements, each dataseries was then divided by the normalised IXIC (day for day), and then renormalized back to 100 at the start of the data. The numbers get huge for GME due to it's huge price movement.
+
+*Time horizon:*
+
+The data for the whole year to date was compared but more interesting results were seen if we split the data into pre and post January 1st. Data was daily price data, including, high, low, open, close, adjusted close and volume).
+
+*Correlation tests:*
+
+After normalisation, datasets were tested for how correlated they were using the Pearson R2 measure and corresponding p-value using SKlearn.
+
+*Clustering!*
+
+We want to find similar patterns in the stock movements without assuming a. that we would see exact changes at the exact same time point and b, that the changes will be the same size. We cope with assumption a by using dynamic time warping distance metric (and b was the reason we did some of that normalisation). We use a machine learning clustering algorithm that can work with time-series data and compare the stonks using this dynamic time warping stuff. We test from 1 cluster up to 7 clusters using standard methods to determine which cluster is the best (inertia+elbow method and silhouette score), then we look at the clusters and see which stocks were put where.
+
+(see <https://github.com/tslearn-team/tslearn> <https://towardsdatascience.com/how-to-apply-k-means-clustering-to-time-series-data-28d04a8f7da3>)
+
+We do all this with each of the data dimensions (i.e. high, low, open, close, adjusted close and volume) and also with ALL OF THEM. And get pretty much the same results, btw, only LOW data is covered in this write up.
+
+Appendix:
+
+Comparing GME, AMC\
+Before: Pearson r: -0.73 and p-value: 1.1e-25\
+After: Pearson r: 0.83 and p-value: 7.6e-27
+
+Comparing GME, KOSS\
+Before: Pearson r: 0.55 and p-value: 2.8e-13\
+After: Pearson r: 0.77 and p-value: 1.1e-21
+
+Comparing GME, NAKD\
+Before: Pearson r: -0.68 and p-value: 3.2e-21\
+After: Pearson r: 0.043 and p-value: 0.66
+
+Comparing GME, NOKK\
+Before: Pearson r: -0.87 and p-value: 1e-47\
+After: Pearson r: 0.39 and p-value: 3.9e-05
+
+Comparing GME, BBBY\
+Before: Pearson r: 0.8 and p-value: 1.9e-34\
+After: Pearson r: 0.53 and p-value: 7.3e-09
+
+Comparing GME, VIX\
+Before: Pearson r: -0.42 and p-value: 1.5e-07\
+After: Pearson r: -0.3 and p-value: 0.0022
+
+Comparing IBM, AMZN\
+Before r: 0.25 and p-value: 0.0024\
+After Pearson r: 0.15 and p-value: 0.12
+
+Comparing IBM, CVS\
+Before r: 0.75 and p-value: 4.8e-28\
+After Pearson r: 0.83 and p-value: 6.9e-28\
+Comparing IBM, GSK\
+Before r: 0.94 and p-value: 5.8e-72\
+After Pearson r: 0.62 and p-value: 2.4e-12\
+Comparing IBM, RDS\
+Before r: 0.64 and p-value: 3.1e-18\
+After Pearson r: 0.16 and p-value: 0.11\
+Comparing IBM, WEN\
+Before r: 0.82 and p-value: 1.2e-36\
+After Pearson r: 0.85 and p-value: 5.8e-30\
+Comparing IBM, GMBefore r: -0.6 and p-value: 9.9e-16\
+After Pearson r: 0.39 and p-value: 4.6e-05
+
+If people want, I can run the code to do this for the whole set of measurables and write it out to a .csv file?
+
+Final disclaimer: I know fuck all about finance, but I know about data science and stats! Yay stats!

DD/2021-06-05-A-Look-into-GME-without-the-Squeeze.md

@@ -0,0 +1,140 @@
+Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze
+====================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/jarofmy](https://www.reddit.com/user/jarofmy/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt31x2/came_for_the_memes_stayed_for_the_fundamentals_a/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+**Intro/Observation:
+
+God damn, god damn! Some of us have really come a long ass way since January. Might've even gained a few wrinkles along the way. Like many, I joined the party on the hype regarding "meme-stocks". I joined for the "squeeze", or more importantly, the MOASS. After months of constant hedge-fuckery, straight overdosing on hardcore DD, and everyone talking about squeeze this and squeeze that, I had completely forgotten that normally, people would simply invest in companies for FUNDAMENTAL reasons.
+
+[](https://preview.redd.it/1qn8uqovkn371.gif?format=mp4&s=fcb739f25ddcefdf1b0cdc01c2b7108cc66dba8f)
+
+Snorting god-tier DD, I said god damn!
+
+This thought occurred to me when talking to someone this past week about other rising stocks. They said: "if you inflate the value of (insert rising meme-stock) to drive out the short sellers but in the end you own a company that was struggling. What gives?"
+
+As fun as the squeeze will be, I wanted sound reasons to definitively YOLO. I wanted concrete evidence to harden my resolve. I wanted to be assured that, even without a squeeze, the company would still be a great investment. And so my goal is to completely ignore any potential squeeze theories, and explain why the current valuation of GME, on a fundamental basis, is STILL deeply undervalued. None of this is financial advice. I just like the freaking stock.
+
+TL;DR:
+
+Fundamentally, there are so many reasons why Gamestop is still deeply undervalued. By simply expanding their total accessible market, this stock is worth 100x AT A MINIMUM WITHOUT THE SQUEEZE. This is only possible due to the unique situation GME has, which is having a small amount of public float of shares "available to trade".
+
+I am not a financial advisor, and none of this is financial advise. I am just documenting what I've observed after shoving some crayons too far up my nose.
+
+**Thesis:
+
+To some, the valuation of GME may seem absurd in isolation. However, when compared to its potential accessible market, it becomes clear that Gamestop is deeply undervalued.
+
+For example: "GME at $250 per share is a really high price!" vs "GME at $250 per share means that it's market cap is valued at only $17 billion, in a potentially $2 TRILLION accessible industry"
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de)](https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de)
+
+Gamestop's previous brick-and-mortar focused model limited the company's accessible market. The new transformation under Ryan Cohen's helm will lead to the company's explosion into capitalizing on various untapped, and growing markets. And if you want to see what someone can do, you should look at what they've already done...
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f)](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f)
+
+Brief History Lesson, Chewy was the Blueprint
+
+Ryan Cohen founded Chewy in 2011, in the face of industry competition such as Petsmart, Petco, and Amazon. He began by poaching talents from Amazon, Petsmart, and Wayfair (any of this sound familiar?). In their first year, despite losing money in the first half year, Chewy had a $26 million dollar revenue. It is widely known that Ryan Cohen follows a business model that priorities customer experience.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a)](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a)
+
+"If you take a carload of this, you'll make more money. But if you take a carload of that, you'll make less money, but you'll keep the customer. So take a carload of that." - Ryan's father
+
+With a heavy focus on customer service and user experience, by 2017, Chewy was offered a merger deal by both Petco and Petsmart, and was finally acquired by Petsmart for $3.35 billion dollars, which at the time was the [largest merger acquisition](https://www.vox.com/2017/12/6/16681040/ryan-cohen-chewy-recode-100) of an e-commerce business. How's it doing now? Thriving. Not only did Chewy survive against established industry players, Chewy now has a respectable portion of the pet industry market.
+
+**CHEWY:
+
+Current market cap: $32b @ $77/share
+
+[Pet Industry TAM](https://www.americanpetproducts.org/press_industrytrends.asp): $103b in 2020
+
+Market percentage: 30% of market
+
+[](https://preview.redd.it/chwh6fj5ln371.gif?format=mp4&s=0a40d29a4c361f5000a96369adc703cbcc70cf58)
+
+Gamestop's back alright!
+
+Where are we now?
+
+**GAMESTOP:
+
+Current market cap: $20b @ $280/share (at the time of writing this)
+
+Video Game TAM: $159b
+
+Market percentage: 12.5% of market
+
+**Previous Business Model (Pre-Cohen):
+
+Video Game Retailer: limited to games, relying on seasonal console releases to help boost general sales.
+
+As a result, while Amazon has been the most popular stop for digital/online video game purchases, Gamestop still remains the leader in hard copy video games and consoles.
+
+This business model "over-prioritizes its brick-and-mortar footprint, and stumbles around the online ecosystem." - a direct quote directly from Ryan Cohen.
+
+PLEASE TAKE SOME TIME TO READ RYAN COHEN'S LETTER TO THE GME Board on 11/16/2020. This man has been planning everything we've talked about all along.
+
+<https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf>
+
+**New Business Model (Since Ryan Cohen):
+
+*Retail Expansion:
+
+We are already seeing an influx of computer hardware, GPUs, TV's, Cameras, Audio, Clothing, and general expansion of consumer electronic products added to Gamestop's accessible inventory.
+
+Why is this important?
+
+GME is not only transitioning to remain a leader in the video game retail industry, but they are also expanding their market into the [computer hardware industry ($863 billion market)](https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report-2020-30-covid-19-impact-and-recovery) along with [general consumer electronics](https://www.statista.com/study/55488/consumer-electronics-market-report/) (~$1 trillion dollar market). We're not even talking about e-commerce yet either. This is simply general product/market expansion.
+
+Just think about this: The bear thesis of GME being undervalued implies that expanding to a $1.8 trillion market (while being debt-free by the way) will somehow decrease revenue.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084)](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084)
+
+So you're telling me expanding to a $1.9 trillion accessible market will decrease GME's value?
+
+[*New Microsoft Deal:](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/)
+
+"This partnership aims to advance Gamestop's key strategic pillars and extend its digital omni-channel ecosystem" - Microsoft
+
+In other words, Microsoft is jacked to the tits about Gamestop's move into digital sales. How jacked are they? This deal gives percentage royalty on all digital goods bought on xbox consoles that are sold at gamestop. This deal also notes that Microsoft is essentially decking out Gamestop retail locations with tech/hardware necessary to improve the workflow/life of the people actually working at Gamestop and therefore indirectly improving customer service.
+
+So on top of already leading video game retail revenue, and adding the expansion of accessible market revenue, GME will also pull revenue percentages from all digital sales on xbox consoles.
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e)](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e)
+
+Yo we heard you liked revenue, so we added revenue on your revenue on top of your revenue!
+
+[*Service and Delivery:](https://www.gamestop.com/collection/same-day-delivery)
+
+Gamestop has already proven that it can out-price-match and out-deliver current "giant" Amazon. On top of brand new [major distribution warehouses](https://www.foxbusiness.com/retail/gamestop-opening-new-distribution-center-to-support-e-commerce-push), Gamestop has started utilizing their (already 4,816) locations as smaller distribution centers.
+
+By expanding their retail locations to act as mini-distribution centers, Gamestop has potential to deliver products within [2 hours or less](https://www.reddit.com/r/GME/comments/mgo5df/gamestop_2_hour_delivery/).
+
+[](https://preview.redd.it/vevbawfbln371.gif?format=mp4&s=f8ce3e9b0c6b57123a6d27923ef23b5df51bc83b)
+
+But wait, there's more!
+
+[*eSports/Gaming:](https://gspc.gg/)
+
+Gamestop has signed a [multi-year deal](https://esportsobserver.com/gamestop-jan2021-market-upset/) with multiple esports companies, such as Complexity Gaming, sharing a new 11,000 sqft Gamestop Performance Center with the Dallas Cowboys. This expansion into the eSports industry opens Gamestop's exposure to an additional [$1 billion market](https://www.statista.com/statistics/490522/global-esports-market-revenue/#:~:text=In%202021%2C%20the%20global%20eSports,billion%20U.S.%20dollars%20in%202024).
+
+Conclusion:
+
+Gamestop is primed to be transformed by Ryan Cohen, the same way he transformed Chewy. (PLEASE REFER TO HIS LETTER TO THE BOARD)
+
+While Chewy occupies about 30% of the pet industry, if we assume Gamestop can access 30% of it's new total accessible market (modest estimate of $1.8 trillion), that puts GME at $8,400 per share. If we assume only 10% of its new market, that still puts GME at $2,500 per share. THIS IS ALL STILL ASSUMING NO SQUEEZE!
+
+[![r/Superstonk - Came for the Memes, Stayed for the Fundamentals: A Look into GME Without The Squeeze](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f)](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f)
+
+Don't just take it from me....
+
+(I hadn't even brought up their NFT-platform yet because the automod keeps deleting my post, but just know that this would further open GME's accessible market.)
+
+I cannot emphasize this enough, GME is currently debt free with over half a billion dollars in additional cash on hand to jumpstart Ryan Cohen's transformation. As of writing this, Ryan Cohen still is not "officially" chairman of the board yet (this will happen on 6/9). The proxy votes have not been released. There has been no official announcements from Ryan at all. The stock is still up $25 from last week's close. I'm so freaking jacked.

DD/2021-06-06-Synopsis-of-GMEs-One-Percent-Borrow-Rate.md

@@ -0,0 +1,116 @@
+Never a Borrower Be: A synopsis of GME's 1% Borrow Rate
+=======================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntpkuy/never_a_borrower_be_a_synopsis_of_gmes_1_borrow/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Hello Superstonk!
+
+I just wanted to do another compilation this weekend. Re-iterating some old DD I have written as it starts to become applicable to the current situation.
+
+Jefferies and BOA coming out this week and declaring no more short positions would be allowed to be taken, added some weight to a thesis I had come up with a few weeks ago. I was getting frequently asked on reddit and YouTube. Why is GME's borrow rate so low. Well I came up with a logical answer and now as I feel that theory is becoming more likely I wanted to re-iterate it hopefully to a broader audience as I feel that this is something we should all understand.
+
+So here it is...
+
+Why so short? or Lender's Fuk Hedges?
+
+This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. (no more so than when I originally wrote this)
+
+Why keep making or buying these synthetic shares?
+
+If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?...
+
+Incentive.
+
+I was looking through the Dave Lauer AMA and he kept mentioning rebates, not related, but it triggered this thought. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up.
+
+Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee
+
+*value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*
+
+In addition you must post collateral of:
+
+*value of securities borrowed X the agreed margin = stock loan collateral*
+
+This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral.
+
+Now here is what intrigued me.
+
+Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties.
+
+So how does all this tie into GME?
+
+The first thing that got me looking into this was a question I get five times a day on my stream, at least.
+
+"Why is the borrow rate on GME so low?"
+
+GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME.
+
+This led me to the thought
+
+"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"
+
+It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this.
+
+[![r/Superstonk - Never a Borrower Be: A synopsis of GME's 1% Borrow Rate](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75)](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75)
+
+Incentivized borrowing agreement
+
+So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral.
+
+The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock.
+
+Sounds like the deal of a lifetime. So, what's in it for the lender?
+
+Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral.
+
+Why would I only want some of their collateral when I found a way to have it all.
+
+Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out.
+
+Conclusion
+
+So I am gonna attempt to tie all this together.
+
+My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely.
+
+What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out.
+
+The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default.
+
+The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets. (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop)
+
+The only missing piece of this,
+
+Do lenders pay taxes on seized collateral from a defaulted loan?
+
+I'm currently unsure it looks like they do, but I am not experienced with tax law I have no idea the value of unrecovered synthetic shares that could be claimed as a loss.
+
+Normally I don't post my video's directly on here but this topic came up on my livestream on Friday and I covered some Q&A on it. I do not have time to transcribe it as this is the first of two DD's I will be writing today.
+
+Video Q&A
+
+Additionally for anybody with reading comprehension issues I hope this helps in understanding this complex topic.
+
+**This video is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.*
+
+[Video Q&A](https://youtu.be/EIs5Ay6OEYk)
+
+As always thank you all, my weekly technical analysis DD will coming out later tonight I will link it here when it is up
+
+❤️🦍
+
+- Gherkinit
+
+Edit 1: [Weekly TA DD up for 6/7](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/)
+
+Edit 2: I believe the order of liability to cover FTDs goes like this
+
+[![r/Superstonk - Never a Borrower Be: A synopsis of GME's 1% Borrow Rate](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448)](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448)
+
+FTD clearing chain in the event of liquidation

DD/2021-06-07-Hanks-Big-Bang-Quant-Apes-Glitch-the-Simulation.md

@@ -0,0 +1,226 @@
+Hank's Big Bang: Quant Apes Glitch the Simulation
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+********** I am not a financial advisor, this is not financial advice **********
+
+Edit: Credit for the correlation tables to [u/phalanxhydra](https://www.reddit.com/u/phalanxhydra/)
+
+Edit 2: I am retarded. It's [u/Ivorypetal](https://www.reddit.com/u/Ivorypetal/).
+
+Introduction
+
+Apes, because of the sheer amount of information in this post and because I wanted to get it to you at the beginning of this week because of earnings and the meeting, this post will not have the usual funny intro and memes.
+
+Usually, my DDs are done completely by me with maybe some inspiration from a few apes or a section/link from an ape or two. This one is not that. This DD is an orgy. Apes, I have gathered an army. A fucking army of quant apes. They have been gracious enough to team up and answer the questions that I posed in my previous post and..... I am astonished at what they did. Seriously, I didn't expect this in my wildest dreams. Quant apes, I am eternally grateful for what you've done and I know that this sub is too. Again, this just shows how many extremely smart apes we have in this fight. This is going to be by far my most data-driven DD of all time.
+
+Many of you have probably seen the spoilers that I gave in my request for data that this DD would be about using correlations, models, and data to get to an extremely high level of certainty that shorts have indeed not covered by analyzing GME as compared to the other meme stocks and some other indicators as well. This was inspired by the pretty obvious fact that they all have traded in very similar patterns since around December. I also noticed that they all seemed to have some sort of FTD cycle component to them as well. I really drew the line when all of these stocks started this upward momentum in the past week - it was just too much of a coincidence for there not to be a relationship. A short squeeze is rare. Stocks following the same trading pattern is weird. A stock squeezing two times in less than a year is weird. A stock trading at over 4x it's book value consistently for months is weird. But 6 stocks doing all of those things simultaneously is..... ASININE. Some might call it improbable, but I think we all know what it is. This DD will use data, a shit ton of it, to give us the closest proof next to actually seeing HFs positions that they have indeed not covered..... ENJOY
+
+Roadmap
+
+In this DD, I will discuss why the meme stock craze is not a just a bunch of retail traders pumping up stocks. Instead, it is the product of the greatest shorting fail in the market of all time that was made possible by easy money policies and apes' uncanny ability to buy and hold. Next, I will discuss the statistical significance and origin of the FTD cycle. Finally, I will give you a random dump of DD at the end of my thoughts.
+
+Part 1: A data driven approach to the meme stock craze
+
+A visualization of what you already knew
+
+As many of you know from some of my previous posts, my thesis is that the "meme stocks" are all related. This was based on observations that the charts looked similar from December to now in terms of price action and volume. The quant apes did an excellent job of visualizing this. Below is a visualization of the meme stocks compared to cryptos and boomer stocks for reference. The parameters are volatility and volume.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/sfs0rlgprt371.png?width=1626&format=png&auto=webp&s=f28599498018462de65d04a0663206ff4d64a623)](https://preview.redd.it/sfs0rlgprt371.png?width=1626&format=png&auto=webp&s=f28599498018462de65d04a0663206ff4d64a623)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/ckanpxbqrt371.png?width=1652&format=png&auto=webp&s=553e7ceae6eddd1a387febf88e0e1a3ffe03e117)](https://preview.redd.it/ckanpxbqrt371.png?width=1652&format=png&auto=webp&s=553e7ceae6eddd1a387febf88e0e1a3ffe03e117)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/6wb6ze0rrt371.png?width=1624&format=png&auto=webp&s=46a16bda7b06735d23ed2b6cb9def15472d53703)](https://preview.redd.it/6wb6ze0rrt371.png?width=1624&format=png&auto=webp&s=46a16bda7b06735d23ed2b6cb9def15472d53703)
+
+(Credit for above three charts to u/Ivorypetal)
+
+A visualization of what you already assumed
+
+This is a visualization of what we already know but haven't been able prove: the stocks are related. Looks like there's a relation, right? How can we be sure? If you took a college or high school statistics course, you probably know that there are certain tests you can run to determine if inputs are correlated, the degree of the correlation, the certainty, and the statistical significance. Below, the quant apes used a statistical test (I won't explain it because if you aren't familiar with statistics it'll take too long to explain, but this is not a guess, it uses an equation to determine the level of correlation, so it is extremely accurate) to determine the correlation of GME to other meme stocks and the VIX. I put GME in red because it's all we care about right now. The top is a comparison of these stocks entire data (i.e. all time), while the bottom compares them in the last year:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/92ks0y4trt371.png?width=860&format=png&auto=webp&s=03932694664e27f9dbfde8042d03f3be181a2559)](https://preview.redd.it/92ks0y4trt371.png?width=860&format=png&auto=webp&s=03932694664e27f9dbfde8042d03f3be181a2559)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/hbahq3rtrt371.png?width=862&format=png&auto=webp&s=328a0b47ad63faae068e12c847dacdc1df2ef9bb)](https://preview.redd.it/hbahq3rtrt371.png?width=862&format=png&auto=webp&s=328a0b47ad63faae068e12c847dacdc1df2ef9bb)
+
+(Credit to u/phalanxhydra)
+
+As you can see, the difference between all time and the last year is striking. The above decimals are called correlation coefficients. They go up to 1 (which means they are identically correlated). Anything above 0.7 is considered a strong correlation. As you can see all of them except for NAKD and NOK have a strong correlation to GME. What really struck me was the VIX. Because the market usually goes down when the VIX goes up, the fact that GME and the VIX have such a strong correlation in the past year is extremely important for our thesis that HFs are actively acting against it.
+
+OTC Data
+
+The chart below takes the OTC data from FINRA and plots it for each of the meme stocks. Notice how they all seem to follow a pattern of spiking every few weeks (FTD cycle) except for the blue one. The blue one is not a meme stock, it's Apple. I used Apple as a reference security so you can contrast how weird this is. Sadly, we don't have FINRA data before 2019, so it's difficult to analyze this in terms of when it started, but you can definitely see a related pattern of abnormality:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/psbp9arwrt371.png?width=2766&format=png&auto=webp&s=1286b2fb12123ba6bf01eaf408917a7f47915530)](https://preview.redd.it/psbp9arwrt371.png?width=2766&format=png&auto=webp&s=1286b2fb12123ba6bf01eaf408917a7f47915530)
+
+(Credit to all of the quant apes who made this customizable program that allowed me to do this)
+
+How common are squeezes?
+
+Squeezes are rare. Extremely rare. Whether you think the January price run up was a short squeeze, a gamma squeeze, or just a big price increase does not matter because, in asking the quant apes to find the exact number of short squeezes that have occurred in the stock market, I gave them VERY broad parameters. The parameters I gave them were: any stock that has doubled in price within a week. Because of this, this is undoubtedly a gross overestimate of the number of short squeezes in the history of the market (i.e. some little known penny stock getting FDA approval and going 4x overnight). The numbers that they found show us just how rare a short squeeze is, and remember, even this is an overestimate, so they're probably even rarer. The quant apes used the major exchanges NYSE, NASDAQ, and AMEX. Here are the results:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/o1rcuupyrt371.png?width=2032&format=png&auto=webp&s=a16b8200dde9417a18b25c4eed0e353557879555)](https://preview.redd.it/o1rcuupyrt371.png?width=2032&format=png&auto=webp&s=a16b8200dde9417a18b25c4eed0e353557879555)
+
+(Credit to u/jyzaya)
+
+If you can't understand that data, here's the point: they are rare, even with parameters that purposefully overestimate it. They are so rare that you could call them an anomaly because that's what they are. Remember that's a purposeful overestimate that allows small stocks getting good news, IPOs, etc. to be considered. So yes, short squeezes are rare. Multiple squeezes following the same pattern and all squeezing at the exact same time? Some might call it improbable, but we all know what we call it.
+
+My take
+
+So, you've seen the data. These stocks are correlated. Does a correlation mean that there is some orchestration going on or that something is forcing them to move in concert? No. It means that they typically move in the same direction, reason unknown. A statistical test can't tell us the reason for the correlation, it can just tell us the correlation. I think I know the reason.
+
+What I think many people, especially the media, take for granted is just how weird January was. As you now know from above, short squeezes are rare. Stocks correlating is weird. Stocks correlating for months is weird. Stocks squeezing at the same time is weird. Stocks doing all of those things at the same time is unheard of. The weird thing about January is that brokers, all of them, simultaneously restricted the buying of all of these stocks. Because liquidity works both ways (buy and sell), if they really had liquidity issues, they would've stopped buying and selling. Also, does it make any sense that every single broker would have liquidity issues at the exact same time during the times of the lowest interest rates ever and an easing of banking restrictions? No. None of that makes sense. My thesis is that all of these stocks are related and the data backs that up. I believe that the brokerages saw that these stocks posed a SYSTEMIC risk because of how exposed major market makers and HFs were on the short side. Why else would they all simultaneously ban only buying?
+
+To add even further to that, many brokerages have banned the shorting of these stocks (months after the squeeze). Even more is all of the shill activity of people messaging us saying "I'll pay you to write something bad about GME." Moreover, the brokerages must have seen that retail, and now the rest of the market, was piling on buying orders and that eventually, some of the most important institutions could go bankrupt and cause an economic crisis. So what did they do? They restricted all buying. Even if every single ape hodled, the price would still be able to go down significantly due to shorting and institutional selling. So yes, they forced it to go down. Now, what was that systemic risk I was talking about? What exactly did the HFs do? As most of you know, I was one of the apes that started the talk of FTD cycles and found many of the rules behind it. The FTD cycle has been the only thing that we've been able to consistently predict (well that and the media being retarded but I digress). IMO, the FTD cycle is our clue into what the HFs did to cause a systemic problem. The FTD cycle has been increasing exponentially, which leads me to believe that the systemic risk has only gotten worse, and I think I've discovered it's origins...
+
+PART 2: The statistical significance and origins of the FTD cycle
+
+Now that I've left you with that cliff hanger and probably a half chub, it's time to take an extremely in-depth dive into the FTD cycle. First, I will be demonstrating the statistical significance of the FTD cycle, so that we know it's not just a fluke. Next, I will discuss the origins of the FTD cycle. Finally, I will discuss what I think it all means.
+
+First, let's start with a brief summary and update on the FTD cycle. The FTD cycle is the idea that because of SEC regulations requiring market makers to cover FTDs within 35 calendar days, there is a predictable increase in price and volume every 21ish trading days or 35 calendar days. So far, it has continued to repeat itself. The idea is that shorts are in so deep that they are doing the bare minimum to cover and continue to dig themselves in a deeper hole by kicking the can down the road. It is currently increasing exponentially, which indicates that it is getting more and more expensive for shorts to stay in the game.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/pgikvf01st371.png?width=1412&format=png&auto=webp&s=8eecc3c7176aa22a77b37c302a9d57bc197f7477)](https://preview.redd.it/pgikvf01st371.png?width=1412&format=png&auto=webp&s=8eecc3c7176aa22a77b37c302a9d57bc197f7477)
+
+Orange line represents FTD cycle increases each month. Yellow lines are FTD cycles. Disregard the red lines, those were my trend lines before we broke out
+
+SI by the charts
+
+Below is a chart that the quant apes gathered from Ortex showing the SI of the meme stocks over time. Many of you will say that this is inaccurate because the real SI is hidden. While we have many instances of that being true, this is the best concrete data that we can gather (much better than Fintel and FINRA), so it's what we must use to avoid speculation. So, yes these numbers are probably an understatement but that's a good thing because we do not want to speculate. If we can find significant results on incomplete data, our thesis is strengthened:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/88i9r528st371.png?width=1750&format=png&auto=webp&s=89c540227a2e8d7f969d110a7d0ef60042ec423b)](https://preview.redd.it/88i9r528st371.png?width=1750&format=png&auto=webp&s=89c540227a2e8d7f969d110a7d0ef60042ec423b)
+
+(Credit to u/orangecatmasterrace)
+
+I noticed some very interesting things from this chart. First, I noticed that the SI of most of the meme stocks markedly increased in mid 2019. GME had an exceptional increase (I think because of their issuance of bonds, shorts saw that as a debt death sentence). There was also a slight, but noticeable, rise in SI of most of these in mid 2016 as well. Hmmmmmm. My original thesis was that they were all heavily shorted after the covid crash because HFs predicted a bad economy and the destruction of brick and mortars, so they used the low interest rate and low liquidity environment to their advantage. That is still probably true as I bet they did it with naked shorts, but this chart made me think even more. What happened before Covid that could've led to these SI increases.
+
+Friend of the shorts: The US economy
+
+The first thing I did was get a chart of short volume data in the stock market over time to get the big picture:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/lhxdy8t9st371.png?width=1374&format=png&auto=webp&s=f8f711ef8dab8cc36f77ee6d55fc852ed693393b)](https://preview.redd.it/lhxdy8t9st371.png?width=1374&format=png&auto=webp&s=f8f711ef8dab8cc36f77ee6d55fc852ed693393b)
+
+As you can see SI has increased markedly in 2015 and 2019. So that got me thinking, there must be some kind of law, some correlation with FED policy, or some kind of macroeconomic happening that led to this. So next, I looked at the interest rates for interbank lending:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/z3677egbst371.png?width=1234&format=png&auto=webp&s=ac740b8236851f40bb01e0eb7fce99a80b550396)](https://preview.redd.it/z3677egbst371.png?width=1234&format=png&auto=webp&s=ac740b8236851f40bb01e0eb7fce99a80b550396)
+
+This is not mortgage interest rate, this is federal funds interest rate, which is essentially the interbank interest rate for excess lending. As you can see it's been insanely low since the 1990's, but particularly low as of recently. Next, I looked at the balance sheet of the FED. This essentially shows the Fed's buying of assets over time.
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/rd1ye3ddst371.png?width=1630&format=png&auto=webp&s=f284394415c8cd127d750bbcd45f55ef676d0fd0)](https://preview.redd.it/rd1ye3ddst371.png?width=1630&format=png&auto=webp&s=f284394415c8cd127d750bbcd45f55ef676d0fd0)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/ygpfqudest371.png?width=1554&format=png&auto=webp&s=5cf6fa82247426f7a83db8d202be1f85b3c5f8be)](https://preview.redd.it/ygpfqudest371.png?width=1554&format=png&auto=webp&s=5cf6fa82247426f7a83db8d202be1f85b3c5f8be)
+
+The above graph is especially striking. It shows the FED's balance sheet is increasing proportionately with the SP500. The FED's Quantitative easing policies have been extremely aggressive since 2008. QE is where the FED purposefully stimulates the economy by buying assets like bonds. This was necessary after 2008 and the FED kept it going for a while then started tightening (QT). However, and this chart doesn't show it, the FED had to parabolically increase its QE policies duirng covid. You know what else parabolically increased? Yep, the stock market.
+
+The statistical significance of the FTD cycle
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/79rg4j9gst371.png?width=1284&format=png&auto=webp&s=33e2deedfeb5f2caa5c1914e8caa828071214862)](https://preview.redd.it/79rg4j9gst371.png?width=1284&format=png&auto=webp&s=33e2deedfeb5f2caa5c1914e8caa828071214862)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/3qzw1f0hst371.png?width=1274&format=png&auto=webp&s=5b591b0a0bfe04debd67f0561a971ac797651e78)](https://preview.redd.it/3qzw1f0hst371.png?width=1274&format=png&auto=webp&s=5b591b0a0bfe04debd67f0561a971ac797651e78)
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/y9iekcuist371.png?width=1284&format=png&auto=webp&s=39b9bc492e20a346bdeef2ab210cdf6d9196303a)](https://preview.redd.it/y9iekcuist371.png?width=1284&format=png&auto=webp&s=39b9bc492e20a346bdeef2ab210cdf6d9196303a)
+
+(User wished to remain anonymous for this)
+
+The above charts show GME's FTD cycle increases after a certain number of days. I put TSLA and MSFT in there so that you could see how abnormal GME is. Even compared to a volatile stock like TSLA, GME has a way more recognizable pattern, which gives us further statistical evidence of the FTD cycle. Also, note that there were many other users in different posts on this sub who found the FTD cycle statistically significant, this is another view to add to the body of work. Below shows the short interest of the meme stocks in relation to each other, so you can see when they started and how they've increased together:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/765vp0kqst371.png?width=510&format=png&auto=webp&s=03d70c989c96d63c0d3321acdd8e081b9ed903c8)](https://preview.redd.it/765vp0kqst371.png?width=510&format=png&auto=webp&s=03d70c989c96d63c0d3321acdd8e081b9ed903c8)
+
+(credit to u/orangecatmasterrace)
+
+Keep the above chart in mind while reading below.
+
+The takeaway:
+
+We are in an EXTREMELY easy lending environment. Rates are dirt cheap. The FED is buying up assets, which is pushing up the prices of literally all assets. The market is flush with liquid assets, so much so that the FED was trying to slow it down. This makes the perfect storm for a short-friendly environment. We were also in the longest and biggest bull market run of all time in 2010's, so it would make sense for it to come to an end soon - that's where shorts really make a killing.
+
+What I think happened is that we saw the longest bull market of all time in the 2010 decade. HFs realized that this bull market was propped up on the FED's massive balance sheet and that there would need to be more economic tightening soon and/or a correction. Anticipating an end to the bull market, they initiated a giant short campaign in 2019 with the aforementioned meme stocks and probably tons of others (the meme stocks are just the ones that retail investors took interest in). Once Covid hit, their campaign was successful, but they wanted more. They wanted to hit the bankruptcy jackpot, so they turned it up with the naked shorts, which is why the data doesn't show that, in an attempt to put brick and mortars out of business.
+
+Instead, the FED accelerated its easy money policies and the economy had one of the quickest recoveries of all time. This is why I think we started seeing the FTD cycle in late 2020 - it was a result of their failed mega short during covid. This alone would've made them lose money but they've run into roadblocks like this before so it's not what caused the squeeze and mania. What caused that was the fact that apes literally buy and hold but never sell. This essentially created a giant wall that wouldn't allow the HFs to short down out of their positions and got them into this mess. Then some retail investors caught wind of it and bought into some of their most shorted stocks, which is why we saw what happened in January. They are still in that hole because the brokers' pausing of buying didn't solve the problem, it just delayed it. That's why we see the FTD cycle exponentially increasing. This economic environment has been brewing for this for a long time, and it would have continued if not for reddit (mainly DFV). I mean how crazy is it that GME's SI was over 100% for so long and no one noticed?
+
+I am convinced that this would not have been able to continue to happen if apes didn't hold. That's why this was all able to happen. It's because there has never been a phenomena in the market where a significant portion of investors in a stock will hold it no matter what the market conditions are. So when shorts started aggressively shorting and things turned south because of the FED's recovery policies, retail's refusal to sell just added insult to injury and is why we are in this position now.
+
+(Please note that the above data I only actually displayed a fraction of the quant apes' data. They gave me an amazing amount. I used some of it to inform my/guide myself and displayed charts that went well with my DD, so believe their work is even more in-depth than this post portrays)
+
+Part 3: DD Drop
+
+Alright apes, the above was a mouthful, but wow aren't our quant apes amazing! Now that you've read all of that, I am going to do another one of my DD drops on some random theories, updates, etc.
+
+Everyone remember what happened with Archegos? That was a real funny one wasn't it? Bill Hwang plead guilty to insider trading, so he had to operate a family office. The man lost $20 billion in the span of 2 days, now that's a level of yolo retardation we should all strive for. One of the companies that Hwang invested in was Discovery, here's it's chart:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/4qnz2xesst371.png?width=2206&format=png&auto=webp&s=f4c7320665b27f95a8b9ffe05328d7e93bb26b3a)](https://preview.redd.it/4qnz2xesst371.png?width=2206&format=png&auto=webp&s=f4c7320665b27f95a8b9ffe05328d7e93bb26b3a)
+
+See that purple line? I bet you probably think that's VWAP or a SMA line, right? NOPE. That's VIAC (Viacom CBS), one of the other companies he bet big on. Hwang used an instrument called total return swaps, which basically allow you to "swap" the delta of one baseline security for another. Here's an example: a total return swap of Apple and SPY. You get the returns of APPL. If AAPL outperforms SPY, you make money, but if not, you owe them money. That was all a huge oversimplification but essentially, it allows you to have exposure to a company without owning it (derivative). That above chart was just a 1 year chart, but essentially, Hwang applied so much leverage to these companies through these swaps that they were trading at double their fair market price.
+
+This hypothesis is backed by no data whatsoever and is really just a thought experiment. Based on the fact that meme stocks correlate (as shown above), what if HFs are using some type of swap on them? It would make sense given the extremely low interest rates. It would make even more sense given the negative beta of GME (i.e. SPY would be the reference security). Perhaps they use total return swaps or another instrument to cover or to add more pressure? Idk. Just a thought.
+
+Another hypothesis: could this all be the work of an algo? I mean, there's no more observing the similarities, we now know they are statistically significant and related. IMO, it's impossible for human traders to create this pattern -- it's just too precise and based on too much volume, so the options are either they shorted all of these at the exact same time and are being forced to cover at the exact same time (FTD cycle), an algo is doing that for them, or some algo is orchestrating all of this. I find that unlikely because of the difficulty and obvious market manipulation charge they'd get but we have to consider it! Again, just another thought, not much else to it.
+
+The Midday Spikes: An Answer
+
+Apes, we might have an answer to the midday volume spike phenomena. If you don't know what I'm talking about, see my other post. My hypothesis was that these midday spikes were HFs covering to satisfy some kind of requirement or to avoid some kind of FTD cycle. I had no evidence for the cause, I just had tons of observations for the occurrence. Let tell you though, if there's one thing I know, it's that it's not retail. Whatever is behind the midday spikes is a single entity. It is impossible for a bunch of unorganized people to consistently buy a stock in the same minute interval in mass. That is a single entity doing that and I think whoever it is is our enemy. A beautiful ape by the name of [u/KFC_just](https://www.reddit.com/u/KFC_just/) turned me on to the idea that it may be to comply with net negative rules. I scoured the interwebs and found this on NASDAQ:
+
+[![r/Superstonk - Hank's Big Bang: Quant Apes Glitch the Simulation](https://preview.redd.it/qvze3s1vst371.png?width=1954&format=png&auto=webp&s=296a2ead951725c90722f157d402a86b34854748)](https://preview.redd.it/qvze3s1vst371.png?width=1954&format=png&auto=webp&s=296a2ead951725c90722f157d402a86b34854748)
+
+Notice that it also talks about clearing corporation requirements, which adds another elements into the mix. Though I can't find any information about exact requirements in terms of liquidity/numbers, I think that this is pretty definitive proof of the reasons for the midday spikes. Essentially, it seems as though these midday spikes are some fund covering in order to "maintain net capital sufficient to comply with the requirements of the Clearing Corporation." Also, the final sentence explains why they need to cover (i.e. to remain positive).
+
+Earnings and 6/9
+
+A lot of you are probably extremely excited for earnings and the annual meeting on 6/9. I am too. However, I wanted to make this to tell you to not get your hopes up too much and to not be surprised if it doesn't go our way. What I will say is, I am confident that we will see a dildo candle one way or another. For earnings, remember that last quarter the earnings were not even bad and the stock had a GIANT red dildo candle. Unless earnings are absolutely spectacular, I could see HFs using it as a way to put negative momentum on the stock (remember, it's all about the narrative). Now, earnings could be spectacular. GME has gotten so much more attention this past quarter and I know that apes have been feverishly shopping there, so we do have hope.
+
+As far as the annual meeting I have absolutely no clue what to expect. However, like earnings, I expect another dildo one way or another. If you remember last earnings, we all thought that the guidance/conference call is what would put us over the edge. Instead, it was barebones minimum, and we succumbed to the HFs earnings downward momentum. I expect this to be different. An annual meeting is different from an earnings call and definitely warrants more speaking, more guidance, and more detail. If GME was going to announce some blockbuster move, it would be during this because, assuming they know about the massive short interest, that gives them plausible deniability against market manipulation charges. Some important topics we could hear about are: Ryan Cohen speaking in general, a new CEO, crypto/NFT, acquisitions, digital transformation / direction, and, most importantly, the voting results. Is there a guarantee that these things will be discussed? No. Do I expect many of them to be discussed? Yes. Similar to earnings, we could get great news and see a giant red dildo candle. Remember, expect anything. If we get more shorting on positive news, it just keeps proving we are right.
+
+As for my thoughts on when we moon, I personally don't think we'll moon here almost no matter what. I think that it will be overall good and that we will see a very significant jump, but instead of that being the MOASS, I think it will be what starts the MOASS. The only thing we've been able to predict has been FTD cycles so far. The MOASS will come when a HF gets margin called and we just can't predict the exact time for that. So, I believe that if we see a big jump next week, the MOASS should be coming in the near future but will nevertheless be unpredictable.
+
+Clarification of my statements about retail buying
+
+In one of my past posts, I said something along the lines of "retail is tapped out." Thankfully, another user made a post disagreeing with that and it got tons of replies of apes saying things like "I have tripled my position in the past month." If you haven't seen that post, I'd look at it, the responses are amazing. With that in mind, I wanted to clarify what I said about that. What I meant in that post is that retail is not responsible for the mass, synchronized buying that we've seen in the past week or so, I think that is HFs being forced to cover. Retail, instead, has been holding like champs and steadily buying. IMO it's pretty hard to believe that retail just randomly decided to buy every stock that squeezed in January at the same time. Instead, I think it's something much bigger but apes' ability to hold is why it's able to happen. However, I do think that once we start squeezing again, it will bring in a new wave of retail that formerly wasn't in just like January, so we still do have gas in the tank (or ions in the battery if you drive electric).
+
+Big Thanks to the Quant Apes
+
+I can't tell you how seriously amazing the quant apes are. They deserve all of the credit in the entire world and they are one of the most valuable parts of this sub.
+
+Here is a list of some of the quants who helped with this post (this is not exhaustive as some wanted to remain anonymous)
+
+[u/orangecatmasterrace](https://www.reddit.com/u/orangecatmasterrace/)
+
+[u/spambot9k](https://www.reddit.com/u/spambot9k/)
+
+[u/rubberbootsinmotion](https://www.reddit.com/u/rubberbootsinmotion/)
+
+[u/Ivorypetal](https://www.reddit.com/u/Ivorypetal/)
+
+[u/creativelord](https://www.reddit.com/u/creativelord/)
+
+[u/collegeneral](https://www.reddit.com/u/collegeneral/)
+
+[u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)
+
+[u/jyzaya](https://www.reddit.com/u/jyzaya/)
+
+[u/epk-lys](https://www.reddit.com/u/epk-lys/)
+
+[u/head4headsup](https://www.reddit.com/u/head4headsup/)
+
+[u/squirrel_of_fortune](https://www.reddit.com/u/squirrel_of_fortune/) (he made a great DD as well and I would encourage you to check that out to see another perspective with a very interesting, advanced method)
+
+[u/sudoshu](https://www.reddit.com/u/sudoshu/) (Special thanks to him as he was the organizer of the group. If you are a quant ape, he said to message him if you are interested in being in the group, but serious inquiries only).
+
+Mods: many of these users do not have the karma requirements to comment on posts. If you could somehow waive that requirement for the listed users, I think it would really benefit the sub because the amount of knowledge that these apes possess is amazing. They put so much time into this and gathered so much data (I literally couldn't even show close to all of it) and I believe that they will be integral to the continued success of this sub.
+
+Finally, the quant apes have created a website: <https://www.superstonkquant.org/>
+
+They are still currently working on the mechanics of it but I encourage you to monitor it in the future because I have witnessed first hand what they are capable of and it is nothing short of amazing.
+
+Conclusion
+
+Alright apes, that was very long but I appreciate you for reading. This sub keeps doing a great job of pumping out DD and I think we will be rewarded for it in the very near future. I am going to take a break from making DDs because it is really time consuming and can be extremely tiring, but I will still be looking at this sub, commenting, and possibly making short posts. As always,
+
+*Stay strong, apes.*
+
+********** I am not a financial advisor, this is not financial advice **********

DD/2021-06-07-How-to-Fill-out-a-FOIA-Request.md

@@ -0,0 +1,169 @@
+SR-DTC-2021-005 FOIA's & Option Flow Analysis
+
+=============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Leenixus](https://www.reddit.com/user/Leenixus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu8uex/srdtc2021005_foias_option_flow_analysis/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Hi all,
+
+Before starting with this informative data DD or whatever you want to call it, i'd like to bring to your attention the subject matter of the missing ruling/filing in regards to SR-DTC-2021-005.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/3uni4sgq6t371.jpg?width=500&format=pjpg&auto=webp&s=2dec37fcb6695f8d303b02eb942d3d079b6e25ff)](https://preview.redd.it/3uni4sgq6t371.jpg?width=500&format=pjpg&auto=webp&s=2dec37fcb6695f8d303b02eb942d3d079b6e25ff)
+
+This ruling was filed by the SEC with the DTC and it was going to fix share rehypothecation, but someone removed it completely from the DTC website with no prior or post notice.
+
+Me and other apes have contacted the SEC and have requested information asking what happened to this document/ruling/filing and have used the FOIA / Freedom of information act to get this information.
+
+Since it's been 1-2 months of no communications in regards to the removal of this critical ruling, i believe it's extremely appropriate for anyone interested to ask the SEC about information in regards to SR-DTC-2021-005. It's your right and anyone telling you otherwise in my opinion is misinformed or has an agenda. You're not going to cause "Delays" as some people would like you to think by submitting these types of requests, the SEC has a department and people at hand specifically for processing FOIA requests.
+
+Besides, even if somehow you were creating "delays"... create delays in WHAT? The document has been removed and doesn't exist. By remaining silent and not exercising your right for information on this subject that directly affects you, you're indirectly contributing to the issue. If someone's truly removed SR-DTC-2021-005 maliciously, your silence is exactly what is needed for SR-DTC-2021-005 to never be seen again.
+
+So again, please don't mindlessly parrot things like:
+
+-   "You'll cause delays"
+
+-   "Don't spam the SEC with FOIA requests"
+
+-   "It doesn't matter"
+
+SR-DTC-2021-005 is GONE. It affects YOU and ME. Stay silent if you will. There are those of "us" who prefer action over inaction.
+
+Me
+
+I've already filed my own FOIA request about a week ago with some replies so far. My intentions are to light a fire under whoever's ass it was that removed the SR-DTC-2021-005 document without following appropriate procedures (no notice of removal before or after).
+
+My hope is that by filing a FOIA with the SEC in regards to the SR-DTC-2021-005, the SEC people will have a small investigation and check up with the person who signed SR-DTC-2021-005 and the person who filed and authored it.
+
+Once questions are asked in regards to this SR-DTC-2021-005 and it's whereabouts with the SEC and DTCC, the internal paper trails should show where SR-DTC-2021-005 is, what happened to it, and who's responsible for it in general.
+
+In the end, i filed a FOIA appeal form and personally requested to pay up to $1500 so that they'd spend more than 2hours of work checking this subject. I didn't have to. I offered because i think SR-DTC-2021-005 is important and i also want to light a fire under the ass of whoever intentionally or unintentionally removed it and i'm willing to pay to see that happen. Also i hold tons of GME, i'm not gonna have some guy at the DTC arbitrarily remove critical documents like this that affect me and you.
+
+You
+
+I don't know what your intentions are with SR-DTC-2021-005 and honestly they don't concern me and neither should they concern my in any way. You're an ape, i'm an ape. There is no "we".
+
+I'm only pointing you to publicly available information. The Freedom of Information Act is literally your right. I would be skeptical of someone's intentions if someone told me not to submit a FOIA...
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/kxbeu37wat371.jpg?width=500&format=pjpg&auto=webp&s=f61a979709f7903d88cc5a3edcf1c11e4207b1d9)](https://preview.redd.it/kxbeu37wat371.jpg?width=500&format=pjpg&auto=webp&s=f61a979709f7903d88cc5a3edcf1c11e4207b1d9)
+
+BE POLITE. BE RESPECTFUL.
+
+If you're going to fill in a FOIA request, don't be vulgar. Don't be just polite, be MORE than polite. There are people on the other side of the conversation.
+
+-   You shitting on them in a FOIA request makes apes/retail look bad.
+
+-   You shitting on them will get your FOIA rejected.
+
+-   You being SNARKY in your FOIA request is likely not to get you the information you want.
+
+BE POLITE. BE RESPECTFUL. If you can't write a FOIA to the SEC without your blood boiling and letting your emotions overwhelm you, you have no business writing a FOIA request to the SEC.
+
+Really, even if you are an ape, you can't just shit where you want to eat. Be polite.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/efg4d6g9bt371.jpg?width=720&format=pjpg&auto=webp&s=0e7a7b36d6be14be6c237177f84ee11d8b03e608)](https://preview.redd.it/efg4d6g9bt371.jpg?width=720&format=pjpg&auto=webp&s=0e7a7b36d6be14be6c237177f84ee11d8b03e608)
+
+Submitting a FOIA request
+
+Now, IF you TRULY want to be constructive and TRULY want to exercise your right in accordance to the FOIA / Freedom of information act, you can simply fill in the form below and submit it. That's it.
+
+This is the form: <https://www.sec.gov/forms/request_public_docs#no-back>
+
+ANYONE CAN SEND A FOIA. Call me Mr Worldwide because i'm from the EU and i've submitted a FOIA. If i can do it, you can do it.
+
+It's NOT ROCKET SCIENCE.
+
+Extra information about FOIAs
+
+If the SEC finds your FOIA request to be reasonable and does decide to service it, they'll likely assign 2 hours of free research to you as well as 100 pages max worth of print out material on the subject you requested.
+
+*Mind you that they reserve the right to request $61 dollars up to $250 to process your FOIA request.*
+
+You can offer to sponsor/pay any amount you like. If accepted, this will increase the research duration period & amount of print outs they'll make for the subject you requested.
+
+List of costs: <https://www.sec.gov/Article/foia-reference-guide.htm>
+
+Free to paid cost tiers: <https://www.sec.gov/foia/howfo2.htm>
+
+Special fields and how to fill them
+
+There's a few fields in the electronic form that you may not be aware on how to fill. Here's a quick and easy guide/way on how to fill them.
+
+Also here's the missing SR-DTC-2021-005 PDF
+
+-   <https://www.file.io/download/thMvWcJ8wirp>
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/teisku3vct371.png?width=1226&format=png&auto=webp&s=a08aa49cbc3bc39706f83f5604795e0c2fe88630)](https://preview.redd.it/teisku3vct371.png?width=1226&format=png&auto=webp&s=a08aa49cbc3bc39706f83f5604795e0c2fe88630)
+
+Fee authorization
+
+The FOIA is likely to be free, however you'll need to show your willingness to pay at least a certain amount for processing fees. If you're not willing to pay anything, click on "Other Amount" and put 0.
+
+I initially put $100 dollars in the field, they e-mails me back and said they'll do 2 hours of research for free and 100 pages of print outs. This is the free tier that is reserved for non-organizations e.g retail like you and me.
+
+*Mind you that they reserve the right to request $61 dollars up to $250 to process your FOIA request.*
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/xo980wc9dt371.png?width=1204&format=png&auto=webp&s=5f0a16f0b9436a6d9b5e085e835b45ba78902aa3)](https://preview.redd.it/xo980wc9dt371.png?width=1204&format=png&auto=webp&s=5f0a16f0b9436a6d9b5e085e835b45ba78902aa3)
+
+Fee Waiver
+
+The SEC is very unlikely to waive your FOIA fee. It's more likely to assign you directly to their free service tier of 2hrs of research and 100 pages of print outs. They also still reserve the right to charge you or reject you. See previous terms above.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/kjqp6ux6et371.png?width=1213&format=png&auto=webp&s=85c6993c69f5a3aa751dbd7ed5c6322afe642697)](https://preview.redd.it/kjqp6ux6et371.png?width=1213&format=png&auto=webp&s=85c6993c69f5a3aa751dbd7ed5c6322afe642697)
+
+Expedited Request
+
+Fill this with: "NO"
+
+Simply because expedited delivery is only for critical situations like a court case and things like that. Since you're just requesting information just for the information, you don't fulfill the requirements for expedited treatment.
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/tsv8wgweet371.png?width=1264&format=png&auto=webp&s=41403e18e55bf4495db0a25c341c3f5dda06fcb8)](https://preview.redd.it/tsv8wgweet371.png?width=1264&format=png&auto=webp&s=41403e18e55bf4495db0a25c341c3f5dda06fcb8)
+
+Now onto the option flow DD
+
+*(This was supposed to be an option flow DD only but then i the spirit of SR-DTC-2021-005 came to my sleep and told me to avenge it).*
+
+Here's some basic legends:
+
+-   DTE: Days to expiry
+
+-   OI: Open Interest (Current snapshot of how many contracts have been purchased)
+
+-   Premium: Amount paid in $ for those option contracts
+
+-   Volume: Amount of option contracts purchased
+
+The source of the data is a live option flow streaming service called BlackBoxStocks. It's pretty expensive, but i pay for it so i can get this nice juicy data.
+
+1 Month Option Flow (May 5 - June 4)
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/2wfr6dq5gt371.png?width=1611&format=png&auto=webp&s=9e4c8a30a2203496aa5cb38734f361d577e8240d)](https://preview.redd.it/2wfr6dq5gt371.png?width=1611&format=png&auto=webp&s=9e4c8a30a2203496aa5cb38734f361d577e8240d)
+
+-   As i posted in my previous DD about the option flow, those big spikes for PUTs at the $0.5 - 5$ range were made in 1 single multi-leg order all at the same time for a premium of around $61 million dollars on the 23'rd of May with an expiry of January 2022 and January 2023.
+
+-   Additionally, there was a huge amount of ITM puts purchased near the end of May at $300 puts. I speculated that these were somehow a safety buffer so that they could flash crash the price when we reached a price near $300 and indeed that's what happened once we touched $292 and got puked down to $252.Market mechanics don't work like that. Buying puts at $300 and exercising them shouldn't do that. It's not how it works. I do have my own theory on how they're using those $300 puts though to achieve a "crash" and it's ridiculous to believe that they'd go this far... but i won't mention it here. Let's keep this purely data driven and speculation-less.
+
+-   Call open interest at $800 is still as huge as ever, about 120 million shares worth.
+
+1 Week Option Flow (May 31 - June 4)
+
+[![r/Superstonk - SR-DTC-2021-005 FOIA's & Option Flow Analysis](https://preview.redd.it/wqvyb8626t371.png?width=1614&format=png&auto=webp&s=0b5cc94f4900ebda1319f3f288ae6ec881208c42)](https://preview.redd.it/wqvyb8626t371.png?width=1614&format=png&auto=webp&s=0b5cc94f4900ebda1319f3f288ae6ec881208c42)
+
+This data indicates last week's option flow. You can purely see what was done in terms of options last week.
+
+-   We can see a spike in volume for $300 calls all mostly short expiry dated. Indicates the likeliness of retail and less likely to be big money.
+
+-   We can see that puts still prefer those 2022 January and 2023 January dates. Very sus. Indicates someone with big money and not retail.
+
+-   OTM put options purchased at $20-50 ranges. At least they didn't go for the super OTM $0.5 to 5$ range they usually do.
+
+-   Some decent put purchases at the $230 range.
+
+I have another chart/analytic that shows me the Max Pain based on a few or all days of the last week. I've seen that if i adjust the max pain analytic to only use 1-2-3 days of the week that the Max Pain point moves almost exactly as GME's price. Last week's Max Pain was fluctuating between $250 - $290 with the majority of the time being at the $290 range.
+
+Current full week data still indicate that Max Pain is at $290. If this IS true, then it means the $250 dump is 100% artificial and done via ETFs or something else we're not aware of and that it will recover to $290 and likely more due to the momentum from $250 to $290. My educated guess is that we're going to see $317 tomorrow 6/8/2021 and that's just the start as the option tug of war is lost by the other side.

DD/Danger-Zone-by-Criand/2021-05-07-All-Shorts-Must-Cover-and-the-SI-Report-Loop-is-Bringing-us-Closer-to-the-Squeeze.md

@@ -0,0 +1,171 @@
+All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.
+==============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+This is your daily hit of hopium. In this case maybe a full rip of it since I see many people discouraged about 002 - but there is no need to worry. I want to show you that apes are winning and shorts are losing. You hold, you win. (But please note I am not a financial advisor. I don't want you guys bitching at me if you YOLO it on deep OTM options expiring within 24 hours).
+
+It is my belief that we do not need ANY of the new rules for the MOASS to occur. These rules were created for the purpose of preventing future stocks from ever being in the same position that GameStop is in. Think of it as they're introducing rules to ensure that a January runup in another stock never occurs again post GameStop MOASS:
+
+-   The DTCC will no longer have a 'pool' of collateral. Now the members will be hurting more and its easier to hit a margin call. High volatility up = 1 hour margin call from 801.
+
+-   No more delaying FTDs. The DTCC will catch any attempt at this and shut it down. Volatility from FTDs can't be suppressed = 1 hour margin call is easier to push through.
+
+-   Positions will have much more visibility to the DTCC and risk always calculated. No more hiding from the margin calls during high volatility.
+
+Again, all the bullets above are to prevent future stocks from squeezing. They never want this to happen again. Remember Tesla? It slow squeezed upward without any of these rules on a 15% SI. It's going to happen to GameStop eventually.
+
+All I'm saying is don't get discouraged! Things can ignite literally any moment - and they will ignite, with or without the DTCC rules.
+
+1\. The Price Floor Is Moving Towards The Danger Zone.
+
+On January 25th, 2021, Melvin received a total cash injection of $2.75 Billion. The price spiked to $159.18. So they were cutting it pretty close at that point - or at least, it was preemptive because Shitadel and Point72 knew things would spike a little bit more and this was to avoid the inevitable call from Marge. On another note, they absolutely hate the price of $350, which is where we saw the January and March peaks.
+
+So it's probably safe to assume that somewhere in the range of $160 and $350 is when our good friend Marge will give them a call. We can apply $160 here because that's around when Melvin got bailed out by his buddies, and them bleeding money over time could eventually make $160 the margin call price point. They can't continue this forever. And it shows. They are slowly but surely running out of time. How fast they are bleeding money? Eh, I don't know. I saw some linear predictions of the margin call price and that prediction could very well be true or very close to being accurate, but I'll leave it as a range for now instead of a "THIS IS THE PRICE TARGET WE'RE WAITING FOR!"
+
+It's literally just a war of attrition while the apes have infinite supply of time as we approach and enter what I like to call the DANGER ZONE. Kenny G and his friends are on that highway right now and have been ever since January.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)
+
+Source: Ryan Cohen in Top Gun (1986)
+
+You'll start to notice something wonderful when you look at the charts starting from January and ignore the trend downward but rather look at the trend upward. Your doubts should erase from your mind when you notice it.
+
+GME did a very quick decay from the January spike, and then a very slow decay from the March spike. Felt like it was going down in price, and the shorties were winning, huh? So I'm just wondering - how would you have felt if this was the chart we saw instead? What if the price decayed really quick in March again and then settled around $120?
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675)](https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675)
+
+Hm. I'd feel completely different. Give me that sweet sweet hopium hit. It would have no longer felt like it was going down in price but continuing to rise in price. The slow bleed from around $220 to $160 sucked - though trusting in the DD certainly helped. Now, imagine that SAME squeeze pattern on top of the arrows I drew. Let the price decay quickly in your mind. See what's going on here?
+
+I only needed to bust out one crayon 🖍️ from my mega 96-crayon pack for this chart. The price floor (blue line) is continuing to rise. Not only this, we're just now entering the DANGER ZONE!! (purple box). While it appears we are on a downtrend from looking at the decay in price from $220 to $160, GME is in fact going to higher and higher floors on these smaller and smaller bursts up. (FTD loop theory is right boys and girls, but I don't think it's been ironed out yet).
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)
+
+GME Price Floor Rising Into The Danger Zone
+
+Well well well. The price floor continues to rise in this dampening effect of price peaks and troughs. It's not going down! It's already going into the GODDAMN DANGER ZONE! They are growing weak at trying to suppress the price. Their efforts can't contain it forever.
+
+Now keep in mind, this is not to say that it is over once we're in the purple box. It is to say that the longer we stay in the purple box, the closer and closer we get to the margin call price. I can hold out for it - can't you? It's almost time for you to pick out your favorite lambo model.
+
+Anything can kick this over the edge and finally trigger the MOASS without 002 and 801. We're already stable at the price that GME spiked when Melvin received their cash injection. It's really just a matter of time at this point, because their attempts to kick the price back down are dampening.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb)](https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb)
+
+The longer this drags out, the higher the price floor becomes, until it kicks off.
+
+-   GameStop could find over 100% of their float voted and initiate a price spike, possibly through a recall.
+
+-   The entire market could tip just one way out-of-favor of the shorts, causing their margin price to drop.
+
+-   A long whale gamma squeeze can spike us into margin call territory long enough for the natural margin call (non-801) to occur.
+
+-   GameStop can slowly bleed upward until the critical danger zone price is hit with no other catalysts.
+
+-   Or perhaps, another FTD loop spike pushes GME over the edge. Let's investigate this to try to iron out the missing pieces of the FTD loop theory.
+
+2\. Hello FTD Loop - Or Should I Say SI Report Loop
+
+This isn't T+21 or T+35 or anything. But I think it might finally paint the picture of why we have theories ranging from T+13 to T+21 to T+35, and everything in between. We definitely have a loopthat is occurring. And it's most likely due to something called [Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) from FINRA.
+
+Short interest?! That's two words we're all very familiar with. What exactly is this?
+
+> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
+
+There's three columns on that link. What are they:
+
+-   Settlement Date: The date at which short interest positions must be determined.
+
+-   Due Date: The date at which the report of the SI from the settlement date is due by.
+
+-   Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
+
+Ah nice. So if you were a shortie in January and your SI% is well over 100% of the float, and the world thinks you haven't covered because of the high SI%, then you might want to drop that SI% number down! If you maintain a low SI% for a long time, then the world will believe the squeeze is done for and you can claim that you've covered your positions. In order to drop your SI% that will be reported on the Receipt Date, you'd want to hide your short position before EOD of the Settlement Date.
+
+You risk causing a mini squeeze right here. AKA the "Fake Squeeze" of January. But you MUST try it to shake off the holders. Dump it all. Pretend you covered. Hope that the apes sell.
+
+Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
+
+| Settlement Date | Due Date | Exchange Receipt Date |
+| --- | --- | --- |
+| January 15 | January 20 | January 27 |
+| January 29 | February 2 | February 9 |
+| February 12 | February 17 | February 24 |
+| February 26 | March 2 | March 9 |
+| March 15 | March 17 | March 24 |
+| March 31 | April 5 | April 12 |
+| April 15 | April 19 | April 26 |
+| April 30 | May 4 | May 11 |
+| May 14 | May 18 | May 25 |
+| May 28 | June 2 | June 9 |
+| June 15 | June 17 | June 24 |
+
+You could look at the Receipt Dates and say, "Hey! We spiked/dipped there! January 27, February 24, March 9, March 24! So the next spike would be May 11!", but not necessarily. It's interesting how some spikes occurred on a few of the receipt dates. I mean, the price certainly could spike again on May 11, but that's probably going to be a coincidence once more. I'm more interested in the Settlement Date column.
+
+Like I said earlier, it appears that they'll want to stuff away their shorts on days up to and including the settlement date. When this happens, we get volatility in the price due to the ITM CALL + OTM PUT tricks they've been using. The price spikes up, then crashes down. Or vice-versa. And this is consistently happening. Here's a few thoughts that I'm unsure of, but would like to propose:
+
+-   It's possible that a bunch of their shorts pour out after being hidden at critical dates, which result in massive ITM CALL and OTM PUT purchases prior to settlement dates, which consequently spikes/crashes the price in much larger movements. This could be why we're seeing smaller movements (February 12, April 15, April 30) because fewer shorts are popping out and we're waiting for a big pour out again.
+
+-   They like to waste money on flash-crashing the price, probably through exercising a bunch of PUT ammo, while simultaneously suppressing the SI% and moving FTDs out once more with ITM CALL and OTM PUTs (February 26, March 15, March 31). This bleeds them money when spikes occur, and thus makes the Danger Zone ever closer with a slowly incrementing price floor.
+
+-   The overlap of a bunch of their shorts pouring out and FTDs having to be reset occurs on these large movements (January 29, March 15, Some future date?)
+
+-   This is why we see discrepancies between T+21 and T+35 and dates in-between. It's not a cycle on those exact dates but rather any days before the settlement date.
+
+To help visually, I plotted each settlement date on the lovely GameStop chart starting in January. You can see that prior to every single receipt date, some kind of volatility occurs. Even for February 12, I would argue that the spike/drop from February 5 to February 6 was one of these volatile movements, though ever slight of a movement like we're seeing now.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769)](https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769)
+
+So, what does this mean? Well, it's not a date but more of a "watch for shit to go down close to or on these Settlement Dates (May 14, May 28, June 15, etc.)". The next few Settlement Dates could continue to be dampening with smaller and smaller volatile movements. But they could also be a repeat of the January, February, or March spikes due to the possibility that a ton of shorts and FTDs will need to be brushed under the rug once more.
+
+-   If GME spikes again due to this, they could attempt to flash crash the price once more.
+
+-   If GME spikes again due to this, and they are unable to flash crash the price, they'll be sitting higher in the DANGAH ZONE.
+
+-   Regardless, we can assume the price floor will continue to rise. Perhaps since we are at a critical point here of $160 and it has been dampening to an ever smaller volatile swings around $160 - that we will see a huge burst again just like January, February, and March in order to maintain that ever-increasing price floor.
+
+It sounds like I'm covering my ass because I said it could spike significantly or not at all lol. But I think there's enough data points here to assume that volatility will always occur prior to the next SI Report Settlement Date. Whether or not it is a big jump depends entirely on the amount of shorts and FTDs they need to hide. When do those pour out? Is it a specific date? That's what I'd like to find out.
+
+Personally I still believe April 16, 2021 caused something big that is coming. You don't just have all these banks + Shitadel working overtime day and night as of that date and not prior to it. If a big amount of shorts popped out of April 16 and they did not hide a lot of them prior to April 30 settlement, then the receipt date of those positions is May 11.
+
+-   Note: Receipt date of May 11 does not imply a price spike will occur. This implies that the next SI% report could cause a SI% spike if April 16 shorts popped out and were unable to be hidden by April 30.
+
+-   If the next SI% report date shows a spike in SI%, then its very possible that a portion of their hidden short position will be calculated into their risk, and the margin call price will go further down in the danger zone, making the tendies that much closer.
+
+3\. Conclusion
+
+We're reaching a critical point here, and its obvious that the shorters are going to lose. Apes will win. Don't get discouraged. Anyone telling you you're crazy might be right - that you're crazy just in a general sense - but you're not crazy for believing in GME.
+
+[![r/Superstonk - All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.](https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0)](https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0)
+
+Blast off from here with some hopium / TLDR:
+
+-   Melvin received a $2.75B injection on the day GameStop spiked to $160. They have flash crashed the price from going above $350 every time. It's probably safe to assume they are entering the Kenny Loggin's DANGER ZONE as of this week which ranges from $160 to $350. This zone is where the margin call price theoretically lives.
+
+    -   GME is already stabilizing around this $160 price point. Melvin, are you scared?
+
+-   The Danger Zone will continue to shift down while they bleed money attempting to suppress the price. The margin call is inevitable. All shorts must cover.
+
+-   We consistently see volatile movement at some point in the week or week before a SI Report Settlement Date. EVERY single date has had this occur. The next settlement date is May 14.
+
+    -   This could be only a slight movement just like the past few Settlement Dates.
+
+    -   This could be a big movement due to April 16 from an overlap of a large amount of shorts having to be suppressed and FTDs shifted out (but who knows).
+
+-   Every Settlement Date spike results in an ever higher price floor. The past few floors, starting Feb 26 through May 7 = $100, $120, $140, $150, $160. This brings us closer to, and into, the Danger Zone.
+
+-   The Settlement Date following April 16 was on April 30. If a bunch of shorts spilled out from April 16 and they are no longer able to suppress them, then the Receipt Date on May 11 can result in a spike of SI%. Note: not price spike. SI% spike.
+
+    -   If the SI% spikes and they now have to include those shorts in their risk calculations, then that might shift the Danger Zone even lower and make the margin call price even closer.
+
+Also note to not day trade. Imagine you make the wrong mistake and the volatile movement ends up being the MOASS. See ya.
+
+The end feels so close. We'll see what the next few weeks bring. 😎

DD/Danger-Zone-by-Criand/2021-06-10-Danger-Zone-Part-II.md

@@ -0,0 +1,251 @@
+Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.
+===============================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+0\. Preface
+
+Welcome. WELCOME. More patterns. More dates (T+21 dates).
+
+I'm not a financial advisor - I don't provide financial advice. Also, you must be pretty nuts to be listening to a Pomeranian.
+
+I made a post before about the price entering the DANGER ZONE and thought it was above $160. Well, let's revisit that topic because of the interesting price movement we have been getting.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/9qtq30dyyc471.png?width=1556&format=png&auto=webp&s=0b90f2fc1155023373ec3c79ab08a03cba9d1c01)](https://preview.redd.it/9qtq30dyyc471.png?width=1556&format=png&auto=webp&s=0b90f2fc1155023373ec3c79ab08a03cba9d1c01)
+
+Somebody. PLEASE call Kenny. Marge? You there?
+
+TLDR: Danger Zone part 2
+
+-   The price floor continues to rise each T+21 cycle.
+
+-   Price goes on a Crabby Move 🦀on normal T+21 dates - floor rises about $30 each time.
+
+-   Price goes on a Parabolic Move 🚀between T+21 dates where major options come into play (January 15, April 16, July 16) - floor rises about $80 each time.
+
+-   If the price pattern continues, we should see a $500 floor by January 2022.
+
+-   Shorts haven't covered. They post unrealized losses and unrealized gains to mess with you.
+
+-   Retail average base cost is (probably) around $156.57. This is most likely the shorter average short price.
+
+-   Shorts with an average price of $156.57 would experience 100% loss around $313.14. (Speculative based on data - the real cost could be around $350).
+
+-   Shorters are terrified of $300+, there's been a big battle here for a few days, hinting that small short positions are about to hit margin call territory (the Danger Zone).
+
+-   The current price momentum in this gamma is much stronger than the previous two gammas of January and March. They're trying desperately to not let it take off.
+
+-   The moment one shorter falls, the dominos fall.
+
+-   I like the stock. I also like you. 😉
+
+1\. Ever-Rising Price Floor And Projection For The Next Few Cycles
+
+I've been getting pinged a lot on the next T+21 dates and when the next possible parabolic move could be coming. You might say "Past performance is no guarantee of future results" and generally I would agree. But with T+21 consistently occurring and the parabolic moves so far looking like they were triggered by major option dates, I'd say it's a pretty good bet that past performance will guarantee future results.
+
+-   Every 21 trading days a price spike occurs. Upon each spike, the clock resets to 0, and you count up 21 trading days following. Note that you must ignore holidays.
+
+-   Major options dates appear to drive parabolic moves upward. "Major dates" are the only option dates which were available early last year for the 2021 trading year.
+
+    -   January 15 --> February 24 - March 10; Parabolic Move
+
+    -   April 16 --> May 25 - June 9; Parabolic Move (Maybe more movement to come)
+
+    -   July 16 --> August 24 - September 8; Parabolic Move (Projected)
+
+I will say, the only thing that could make this crap the bed is if [DTC-2021-009](https://www.reddit.com/r/Superstonk/comments/nvlykp/dtcc2021009_dropped_today_lets_get_some_eyes_on/) somehow affects T+21. Guess we'll have to see what happens on June 24th, the next T+21. I'm thinking it does not, since T+21 is most likely not caused by a DTC rule, and therefore the DTC can't mess with that timeframe.
+
+On another note, [there is speculation that T+21 is not actually a thing](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/). It could be due to other mechanics we don't fully understand (T+35 rule or Net Capital for example). That being said, we're consistently in this loop so far. So, for the sake of making it easy to understand the loop, I think it's safe to continue calling it T+21.
+
+Without further ado, here you go! Projection of price movements with T+21 dates labeled for the next few months.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/qjk1wao6tc471.png?width=1435&format=png&auto=webp&s=e0b15daee115b3bfa3bacce059dd64612aac6dc8)](https://preview.redd.it/qjk1wao6tc471.png?width=1435&format=png&auto=webp&s=e0b15daee115b3bfa3bacce059dd64612aac6dc8)
+
+Price Projection Based On Rising Floor Every T+21 Days And Major Option Expirations
+
+It's a bit of a wild chart, so I'm sorry if it's cluttered. I've plotted with curvy lines the parabolic momentum that we see, and the crabby moves we get dependent on the different factors at play that cycle:
+
+1.  February 24 -> March 25: Parabolic Move 🚀 (January 15 options)
+
+2.  March 25 -> April 26: Crabby Move 🦀
+
+3.  April 26 -> May 25: Crabby Move 🦀
+
+4.  May 25 -> June 24: Parabolic Move 🚀 (April 16 options)
+
+5.  June 24 -> July 26: Crabby Move 🦀
+
+6.  July 26 -> August 24: Crabby Move 🦀
+
+7.  August 24 -> September 8: Parabolic Move 🚀 (July 16 options)
+
+In the chart, there's blue boxes starting at the floor of the previous cycle and ending at the floor of the next cycle. I drew them very roughly, so the numbers on the graph aren't exact. Sorry. I'm moving a bit quick.
+
+You'll see that the floor has continued to rise. Although I'm sure many have already seen that from the exponential floor posts! This is expanding on those posts and is a visualization to show that the floor rises every T+21 day cycle. So far, it looks like it rises at a very nice rate, even with the crabby cycles:
+
+-   Crabby Moves 🦀 increase the floor roughly $30 each time.
+
+-   Parabolic Moves 🚀 increase the floor roughly $80 each time.
+
+If the patterns follow, we could see the following price floors. Note that between April 26 and May 25 that the price broke below the previous floor. That's ok and expected. They can short a hell of a lot more shares to try to pull the price down between these cycles, but the floor continues to rise upon each T+21 date, despite this trickery.
+
+| T+21 Date | Price Floor (Roughly) | $ Increase From Previous | % Increase From Previous (Rounded) |
+| --- | --- | --- | --- |
+| February 24 | $45 | - | - |
+| March 25 | $116 | $71 | 157% |
+| April 26 | $148 | $32 | 28% |
+| May 25 | $182 | $34 | 23% |
+| June 24 | $259 | $77 | 42% |
+| July 26 (Projected) | $289 | $30 | 12% |
+| August 24 (Projected) | $318 | $29 | 10% |
+| September 8 (Projected) | $396 | $78 | 25% |
+
+After September 8 I don't think we'll see another parabolic move for a while, since that would be due to the last "major option date" of 2021 (July 16 options). The next "major option date" would be for January 2022. But, if the pattern continues, then the price floor would be around $500 by January 2022. Ooftah. Think they could last that long?
+
+2\. Short Position "Gains" And "Losses" Are Unrealized. They Averaged Up.
+
+I want to bring your attention to another matter that has popped up a lot, and there's a lot of celebration around it. The articles about short sellers "losing" billions of dollars in short positions on meme stocks. Horray!!! Shorts are bleeding money! Right? I don't think so. They're bleeding, but not for this reason.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/kofqhc17vc471.png?width=1214&format=png&auto=webp&s=f33807074f7ea49bb10549e9cc4172ea0c12a02e)](https://preview.redd.it/kofqhc17vc471.png?width=1214&format=png&auto=webp&s=f33807074f7ea49bb10549e9cc4172ea0c12a02e)
+
+https://www.cnbc.com/video/2021/06/03/short-sellers-lose-almost-5-billion-in-one-day-on-meme-stocks.html#:~:text=CNBC's%20Kristina%20Partsinevelos%20reports%20on,investors%20push%20the%20names%20higher.
+
+I've always thought these articles being posted were interesting.... almost as if they wanted to convey that the shorters "covered". (A few small shorters, like new retail shorters, might have covered. But not the big ones).
+
+Hint hint. They haven't covered. They do not plan to cover. The margin call Thanos snap when they get liquidated will finally make them cover.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/zykwvr337d471.png?width=866&format=png&auto=webp&s=6dbc94d107f4d096bface007717ca9fbb9fd4860)](https://preview.redd.it/zykwvr337d471.png?width=866&format=png&auto=webp&s=6dbc94d107f4d096bface007717ca9fbb9fd4860)
+
+https://www.reddit.com/r/wallstreetbets/comments/lawubt/hey_everyone_its_mark_cuban_jumping_on_to_do_an/
+
+I always look back at the total PUT OI going on an absolute tear in January when they hid SI% and think to myself, "Damn. That's totally ~~not~~ normal."
+
+Take a look at this. PUT OI spikes to 2e6 OI = 200m shares worth in PUTs. These PUTs were spread far and wide to many options expiring from February 5 all the way to January 2023. What in the hell? Totally normal hedge move, yup. Totally normal.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/zc7xcrch7d471.png?width=399&format=png&auto=webp&s=6c28ec2b8a9f72f0b987c917a05784f1e68b9e5c)](https://preview.redd.it/zc7xcrch7d471.png?width=399&format=png&auto=webp&s=6c28ec2b8a9f72f0b987c917a05784f1e68b9e5c)
+
+CALL and PUT OI Comparison; Data from /u/yelyah2
+
+They're not covering. They're hiding their shorts and trying everything they can to scare you off.
+
+So in my eyes these articles are all bull. Especially this one from the start of March:
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/cpp93z94vc471.png?width=1124&format=png&auto=webp&s=369820614b757f66a48575a2b8cabdb233d9b410)](https://preview.redd.it/cpp93z94vc471.png?width=1124&format=png&auto=webp&s=369820614b757f66a48575a2b8cabdb233d9b410)
+
+https://www.cnbc.com/2021/03/03/melvin-capital-posts-return-of-more-than-20percent-in-february-sources-say.html
+
+I remember getting pinged about this article and being told that Melvin won, shorters exited, blah blah blah, that was the FUD back then.
+
+How could they possibly gain 20% in February after getting obliterated in January? Well... they, and other shorters, must have averaged up their short position price. Anyone who took advantage of the GME peak price in January was able to have a fun time with gains.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/jg8yflcpwc471.png?width=1435&format=png&auto=webp&s=ab99e5fe95799b7f65f76293d72366fee57e4591)](https://preview.redd.it/jg8yflcpwc471.png?width=1435&format=png&auto=webp&s=ab99e5fe95799b7f65f76293d72366fee57e4591)
+
+Short Position Unrealized Gains / Losses Based On Opening New Shorts
+
+Their overall short position price went up, so they could post that they had returns/gains on that massive downward momentum in February. But these gains are all unrealized. They aren't covering, they're just digging a deeper hole because that's all they can do.
+
+3\. Average Retail Buy Price; Average Short Position Price
+
+It's an absolute WARZONE right now. The price is so desperately trying to go on a run upward.
+
+Last week I was noticing [how similar this run was to February](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/), and I was predicting that we'd see [another Gamma Neutral spike](https://www.reddit.com/r/Superstonk/comments/nrwp82/gamma_bombs_all_over_the_market_today/) on June 4th. BUT IT SPIKED UP TWO DAYS EARLIER THAN EXPECTED ON JUNE 2nd. [Data courtesy of [/u/yelyah2](https://www.reddit.com/u/yelyah2/)]
+
+That was a big, "Wait. What?" moment for me because it implied this gamma was ready to take off much sooner than the previous gamma run of February 24 - March 10. I should have noticed earlier at how much stronger this run was compared to the previous two gammas. Check out this comparison of the price hammers for January, March, and June gamma runs. Big shout out to [/u/sharp717](https://www.reddit.com/u/sharp717/) for identifying [the similarities to the January run as well](https://www.reddit.com/r/Superstonk/comments/nrud2r/price_action_is_shockingly_similar_to_not_only/).
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/eyb1v0rldd471.png?width=1434&format=png&auto=webp&s=6a3342786074385bc694fcae316d116af4160946)](https://preview.redd.it/eyb1v0rldd471.png?width=1434&format=png&auto=webp&s=6a3342786074385bc694fcae316d116af4160946)
+
+Price Momentum Being Contained. January, March, and June Gamma Squeezes
+
+There's huuuuge momentum that they have been trying to contain ever since May 25th. The price has been swinging up and down massively each day in this parabolic cycle🚀.
+
+Have they succeeded with suppressing the gamma squeeze? I mean, time will tell. June 9th is when I expected it to either start to go parabolic or be flash crashed down. But it's a goddamn battlefield right now! And this parabolic run is much different and stronger than the previous one. I personally think this run isn't over with. Their attacks are weaker every time, and there's so much strength still in this parabolic cycle🚀.
+
+There's so much ammunition being thrown because it truly is getting close to margin call territory, and they're most likely hurting even more in captial from January 15 and April 16 options expiring.
+
+Did I say margin call territory? I mean - the DANGER ZONE. Marge, call Kenny. Please.
+
+Some big brain apes discussed this Webull chart and the implications of it relating to their "Danger Zone price". It truly is a goldmine. With how popular Webull is it's probably safe to use this as a baseline for retail (and indirectly a baseline for shorters).
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/tyfsbj2cuc471.png?width=947&format=png&auto=webp&s=a8414ca7d6e6866e8d5ba420f79114065e6cc1e3)](https://preview.redd.it/tyfsbj2cuc471.png?width=947&format=png&auto=webp&s=a8414ca7d6e6866e8d5ba420f79114065e6cc1e3)
+
+Webull GME Statistics. Average share cost of $156.57
+
+What is this telling us?
+
+1.  Each horizontal bar represents a cluster of cost basis for retail shares. For example you can see a huge cluster between $76.83 and $156.57. There's way more retail that own shares at that price point than anything above $302.56.
+
+2.  The red indicates that the shares owned above $302.56 (price point when this screenshot was captured) currently have unrealized losses. "They're in the red"
+
+3.  Likewise, the green indicates that the shares owned below $302.56 currently have unrealized gains. "They're in the green".
+
+4.  The blue price point of $156.57 is the average ownership price.
+
+Seems fair. We can most likely assume that retail's average base cost is around $156.57. Most retail probably started buying in around December, because that's when the news of a GME short squeeze started to really take off. We can now indirectly say that this is also the average short position price.
+
+GME was over 100% shorted in December:
+
+-   You have to have naked shorts to get over 100% in the first place.
+
+-   OBV implies that barely anyone is selling.
+
+-   This signifies a liquidity issue where synthetics are created, ever-increasing the SI%.
+
+-   Any retail buy was most likely a new short position that was opened or a swap between paper hands and diamond hands.
+
+Our dear shorties might have an average short position of around $156.57. Give or take a little bit.
+
+If you have a long position that you opened up at $156.57, and the price goes down to $78.28, you'll be down 50%. If it continues down to $39.14, you'll be down 75%.
+
+If you have a short position that you opened up at $156.57, and the price goes up to $234.855, you'll be down 50% on margin. If it continues up to $313.14, you'll be down 100% on margin. BOOM. Marge starts calling.
+
+Assumptions per a big brain ape who discussed this:
+
+1.  Generally the margin requirements on short positions is 100% cash value of the position
+
+    1.  When you hit 100% loss, marge starts to call. Example of $156.57 short hitting $313.14. You need $156.57 posted to cover your margin requirement.
+
+2.  WeBull is a large enough broker to likely be considered a representative sample of all GME holders.
+
+3.  This is assuming the positions are unlevered - levering would reduce the margin call point.
+
+4.  This is assuming additional capital was not raised against the positions [Such as shill stock tickers pumped and dumped / Crypto / etc].
+
+4\. Danger Zone Part 2
+
+They dun goofed. Their FUD attack today (which we expected) was fruitless. All their tricks have been found out lmao.
+
+Guess what, Ken? Here's my trick. It's crayons showing the goddamn Danger Zone you're entering and so desperately trying to stay out of.
+
+The new and improved danger zone is based on the average short price of $156.57 which would trigger 100% losses at $313.14 assuming 100% margin requirements.
+
+[Note: Speculative based on Webull data. This could very well be $350 or higher, but the battle at $300 signals that this is a very rough place for the shorters to be].
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/cquh2loutc471.png?width=1437&format=png&auto=webp&s=cefd9b0a8fd5e4287498468ad3388c1a845bcd4d)](https://preview.redd.it/cquh2loutc471.png?width=1437&format=png&auto=webp&s=cefd9b0a8fd5e4287498468ad3388c1a845bcd4d)
+
+Danger Zone Visualization
+
+Is this why there's such a huge battle around $300 right now? And why the price is SEVERELY smacked down when it tries to reach above $350? It's probably because this danger zone is when small HedgeFunds / shorters begin to fall, and it's getting so close to closing in the zone.
+
+When one of the small shorters fall, it becomes a domino effect. Not only would they initiate buy pressure from covering their short positions, but the banks which are connected to the shorters might get upper-cut just enough to [also send the banks defaulting with the ICC](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/).
+
+This would then cascade to all the other shorters under that bank because their swaps with the bank for assets/liabilities to pump their balance sheets would get rug-pulled. Not just that... but everyone else on the brink of defaulting in the entire financial world connected to that bank would start to fall.
+
+You've all seen the reverse repo market. Things are bad bad BAD in the market. The amount has already reached an all-time high above $500 Billion in a non-quarter end. This is abnormal because quarter-ends are usually the time when banks would take advantage of the repo market to adjust their balance sheets.
+
+> Other than high levels immediately before a quarter-end, these levels of sustained reverse repo activity in excess of $300 Billion have not been seen since the Great Recession. - [Source](https://www.jdsupra.com/legalnews/repo-market-disruptions-in-reverse-6334085/)
+
+Everyone in the repo market is terrified of the 2008 bomb that wasn't allowed to finish going off. They're most likely [colluding to prop each other up](https://www.reddit.com/r/Superstonk/comments/nneg7p/european_financial_news_is_reporting_that_hedge/) because of the absolute insanity that could follow. Not just in the stock market. But the repo market, the crypto market, the treasury market, every market potentially.
+
+[![r/Superstonk - Danger Zone Part 2 - Shorts are terrified of a $310+ close. Projected price movement for the next few months based on T+21, ever-increasing, and poking harder at the first domino just waiting for it to fall.](https://preview.redd.it/6fw8d1jild471.png?width=775&format=png&auto=webp&s=77e35c7d45e37fa81b0cc17e250dce5c13b4892b)](https://preview.redd.it/6fw8d1jild471.png?width=775&format=png&auto=webp&s=77e35c7d45e37fa81b0cc17e250dce5c13b4892b)
+
+Possible Collusion In Repo Market
+
+But hey, all it takes is that one.
+
+GME has to close just high enough for everything, everything, to come crashing down.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-03-100-Million-Dollars-of-Deep-ITM-GME-Call-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,33 @@
+$100MM of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lx5kgk/100mm_of_deep_itm_gme_calls_have_been_purchased/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
+
+UPDATE 3/4: 3:38pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+This brings the net to 131 million on the week and 12,000 calls
+
+Good Afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-04-131-Million-Dollars-of-Deep-ITM-GME-Calls-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,63 @@
+UPDATE (3/4): $131 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lxxaty/update_34_131_million_of_deep_itm_gme_calls_have/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+This brings the net to $162.5 million on the week and 14,500 calls.
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You dont go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+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 confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $100 million of calls on gamestop the last 3 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to sleep inside
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-05-162-Million-Dollars-of-Deep-ITM-GME-Calls-have-been-Purchased-since-March-1st.md

@@ -0,0 +1,63 @@
+UPDATE (3/5): $162.5 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday) NEW DD!
+================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+This brings the net to $162.5 million on the week and 14,500 calls.
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+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 confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-08-246-Million-Dollars-of-GME-Calls-Purchased-since-March-1st.md

@@ -0,0 +1,83 @@
+UPDATE (3/8): $84 MILLION IN CALLS IN LAST HOUR; 246.5M SINCE LAST MONDAY
+=========================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m0pvlc/update_38_84_million_in_calls_in_last_hour_2465m/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
+
+My fellow crayon eaters,
+
+Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
+
+<https://imgur.com/gallery/uHnjFPp>
+
+Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
+
+<https://imgur.com/gallery/5Seid1k>
+
+Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
+
+This brings daily total to $84 million in calls and the overall total $246.5 million and 19,200 calls from PHLX since last Monday. (This is the rights to 1.92 million shares)
+
+Another APE made a solid case for why they think this may be Shitadel and Melvin:
+
+<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
+
+Hard to say for sure but definitely worth at least a skim.
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+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 confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-03-09-286-Million-Dollars-of-Deep-ITM-Calls-have-been-Purchased.md

@@ -0,0 +1,89 @@
+QUICK UPDATE: ADDITIONAL $40 MILLION DEEP ITM CALLS! TOTAL $286.5 MILLION 21,000 CALLS
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/) | 
+
+---
+
+
+[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Good Evenings Tendielovers,
+
+Quick Update 3/9: 3:37pm 1800 calls from PHLX (I know starting to sound like broken record)(1200 $12c 4/16/21 and 600 $15c 4/16/21) for $40 million - underlying share price $237.28
+
+<https://imgur.com/gallery/wzssQ0z>
+
+Overall total $286.5 million and 21,000 calls from PHLX since last Monday. (This is the rights to 2.1 million shares)
+
+Things are shaping up quite nicely. Going to be an exciting couple weeks/months going forward!
+
+My fellow crayon eaters,
+
+Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
+
+<https://imgur.com/gallery/uHnjFPp>
+
+Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
+
+<https://imgur.com/gallery/5Seid1k>
+
+Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
+
+Another APE made a solid case for why they think this may be Shitadel and Melvin:
+
+<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
+
+Hard to say for sure but definitely worth at least a skim.
+
+Salutations Future 1% Apes,
+
+NEW DD!
+
+UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
+
+<https://imgur.com/gallery/G4JgzgP>
+
+Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
+
+Some Additional DD:
+
+First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
+
+Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
+
+Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
+
+Good evening Lady Apes and GMEtlemen,
+
+UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
+
+<https://imgur.com/a/zPNFMi9>
+
+Good afternoon my fellow tendiemen,
+
+I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
+
+(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
+
+(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
+
+(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
+
+<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
+
+In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
+
+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 confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
+
+We are in good hands now APES
+
+TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
+
+P.S. if I'm right my wife's boyfriend says I get to make him dinner
+
+🙌💎 DIAMOND HANDS 🙌💎
+
+Not a financial advisor blah blah you know the deal

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
+
+<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

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-04-106-Million-of-Deep-ITM-Call-were-Purchased-on-April-1st.md

@@ -0,0 +1,23 @@
+$106M of DEEP ITM calls were purchased on Thursday (4/1/21)
+===========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/) | 
+
+---
+
+
+[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
+
+Happy Easter Apes,
+
+The folks at PHLX are back at it again with massive DEEP ITM call purchases before close
+
+[![r/GME - $106M of DEEP ITM calls were purchased on Thursday (4/1/21)](https://preview.redd.it/kqts0fdcf8r61.jpg?width=1222&format=pjpg&auto=webp&s=f4fc1040a414ebc4e5663647038da913ad1d33c8)](https://preview.redd.it/kqts0fdcf8r61.jpg?width=1222&format=pjpg&auto=webp&s=f4fc1040a414ebc4e5663647038da913ad1d33c8)
+
+GME Biggest Trades 4-4-2021
+
+As you can see from the data above a buyer out of PHLX bought $106 million of these DEEP ITM calls at 1:22pm and 3:29pm totaling 5960 calls at assorted strike prices ($12-20). These is a pretty massive purchase and it is my belief they made be using these to hide FTD's (Failed-to-deliver). These all expire 4/16/2021 leading me to believe the next few weeks we will see heightened volatility as we near the quarter's hottest expiry date (4/16). With some potential major catalysts looming things are definitely getting pretty spicy.
+
+Today I eat ~~ramen~~ crayons so I will one day eat banana

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-11-No-Deep-ITM-Calls-were-Bought-April-9th.md

@@ -0,0 +1,26 @@
+NO DEEP ITM CALLS WERE BOUGHT FRIDAY (4/9)
+
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mowbw3/no_deep_itm_calls_were_bought_friday_49/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Hope all of you Apes are having a good weekend,
+
+Sorry for the delay but the weekend is an excellent time to ~~refresh~~ restock on crayons for the coming week.
+
+I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) let's get into it:
+
+As you can see blow there were no large block trades of DEEP ITM calls.
+
+[![r/Superstonk - NO DEEP ITM CALLS WERE BOUGHT FRIDAY (4/9)](https://preview.redd.it/tp9su9gn5ls61.jpg?width=1219&format=pjpg&auto=webp&s=a5bc654e8ad77a3cd711215cbac416768624b1ef)](https://preview.redd.it/tp9su9gn5ls61.jpg?width=1219&format=pjpg&auto=webp&s=a5bc654e8ad77a3cd711215cbac416768624b1ef)
+
+GME Biggest Trades 4-9-2021
+
+I am unsure if this is the last of these DEEP ITM or we have possibly one more wave of them to expect. Time will tell I'll keep you posted. Refer to my recent posts for more discussion on the topic.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-12-No-Large-Block-Trades-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,23 @@
+UPDATE 4/12 (MONDAY) NO LARGE BLOCK TRADES OF DEEP ITM CALLS TODAY
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mpquk6/update_412_monday_no_large_block_trades_of_deep/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Good evening Apes I hope this post finds you well,
+
+I'm your host [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it:
+
+Wanted to provide you all with an update for today. As you can see below there were no deep in-the-money calls purchased today.
+
+[![r/Superstonk - UPDATE 4/12 (MONDAY) NO LARGE BLOCK TRADES OF DEEP ITM CALLS TODAY](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)
+
+GME Biggest Trades 4-12-2021
+
+This makes 5 out of the last 6 days with no large block trades of DEEP ITM calls. The one day being a relatively small amount (compared to prior block purchases). Short and sweet today. Hang in there (pun intended)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-13-Another-Day-Without-Large-Block-Purchases-of-Deep-ITM-Calls.md

@@ -0,0 +1,35 @@
+ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mqiir8/another_day_without_large_block_purchases_of_deep/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Good evening everyone,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here Just wanted to provide you all with the daily update regarding the block trades of DEEP ITM calls that were previously happening.
+
+As can be seen below there were no large block trades of DEEP ITM calls bring the total to 6 out of the last 7 days without any large block purchases.
+
+[![r/Superstonk - ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981)](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981)
+
+GME Biggest Trades 4-13-2021
+
+I just want to be clear that I'm not here to speculate on what I don't know. I just take the dataset I am presented daily and provide my best inferences to the good people of this sub. Nothing here should be taken as fact it is purely my opinion and mine alone. With that being said I think the lack of large block trades of DEEP ITM calls is very telling.
+
+Many have been quick to point out that this doesn't mean there are no DEEP ITM calls being purchased. This is of course true as the "Big Trade Detector" doesn't catch any trades smaller than 100-200 contracts. But let's delve into this more. If they could be making these trades in smaller chunks "off the radar" of things like this Biggest Options trades list from Fidelity why aren't they?
+
+For starters lets talk about risk. These large block trades of DEEP ITM calls were almost always traded in pairs. It has been surmised from some other DD posts that it is very likely that this the whoever buying and then shortly after reselling. Let's take a look at the time period over which these trades took place.
+
+[![r/Superstonk - ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a)](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a)
+
+GME Biggest Options Trades 4-4-2021
+
+The $20 and $12 calls were very likely purchased 13:22:50 and likely sold at 13:22:52 (aka 2 seconds later). Personally I have no idea of the intricacies of how these are used to reset FTD's and I'm not going to sit here and pretend to understand. What I do know is that if I was buying and reselling 100's of millions of dollars of call options on a very volatile stock I would be trying to unload these positions are quickly as possible to minimize my risk exposure. The most efficient way to do this of course is buying and selling these quickly in one large chunk and ended up on our favorite daily chart pictured above. Now you may notice that on the other set of $12 and $15 calls (probably) purchased at 13:58:05 but (likely) sold at 15:29:24. The reason for why they held them this long you may ask; I don't have a goddamn clue. I don't know if this had to do with the reset process, if they used it to further manipulate the stock, or if they just decided to be gamblers for an hour and a half. What I do know is they would've hidden these from us the whole time if they had the ability to. The disappearance of these large block trades is significant and if they are to proceed without them, this will negatively impact them in some way.
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-14-2160-Deep-ITM-Calls-were-Purchased-in-Large-Block-Trades-from-PHLX.md

@@ -0,0 +1,27 @@
+2160 DEEP ITM CALLS WERE PURCHASED IN LARGE BLOCK TRADES FROM PHLX TODAY (4/14)
+===============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mr4ykn/2160_deep_itm_calls_were_purchased_in_large_block/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+What up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) you know the deal.
+
+[![r/Superstonk - 2160 DEEP ITM CALLS WERE PURCHASED IN LARGE BLOCK TRADES FROM PHLX TODAY (4/14)](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d)](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d)
+
+GME Biggest Trades 4-14-2021
+
+Large block purchases out of PHLX at 3:18pm (yeah I can do the conversion). 1160 $1.5 calls for 158.70($15,870 each) = $18,409,200. 500 $12 calls for 148.20 ($14820) = $7,410,000. 500 $25 calls for 135.20 ($13520) = 6,760,000 totaling $32,579,000 all of these calls expiring in two days 4/16/21.
+
+Could this be the start of the (potential) last wave of DEEP ITM calls as we had previously discussed [here](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/). Another interesting thing to note is that these were very frequently traded in pairs previously and so it had been theorized that these were being bought and sold. The ones bought today were not in pairs and so we can narrow it down to three potential options(HA). If they were bought and sold in the same second the size of the trades could be halved and it could essential be its own "pair." This also only captures the data for large trades and so if they were sold in smaller bunches I wouldn't be able to see it. Lastly they could still be holding them.
+
+We shall see if there is more of this tomorrow. As always I will keep you posted.
+
+A far-fetched theory (right?) : I always kind of assumed these calls were being bought but the data set I have doesn't really indicate buy or sell. This is why I have to make some assumptions when it comes to thinking they are often traded in pairs. What if the whole time they were selling them and collecting the premiums. this would go against some of the FTD resetting theories so this is of course just an idea I had but it just caught me off guard as I had never considered it.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-15-No-Block-Trades-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,21 @@
+NO BLOCK TRADES OF DEEP ITM CALLS TODAY (4/15)
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mrr8zv/no_block_trades_of_deep_itm_calls_today_415/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+What up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a super quick update. No additional DD tonight giving myself the night off. Here's todays biggest options trades from Fidelity.
+
+[![r/Superstonk - NO BLOCK TRADES OF DEEP ITM CALLS TODAY (4/15)](https://preview.redd.it/l5i0xjv5dft61.jpg?width=1223&format=pjpg&auto=webp&s=77357f26df390db3d8e7782c70c6539faf793eee)](https://preview.redd.it/l5i0xjv5dft61.jpg?width=1223&format=pjpg&auto=webp&s=77357f26df390db3d8e7782c70c6539faf793eee)
+
+GME Biggest Trades 4-15-2021
+
+See you all tomorrow! Starting to think my wife's boyfriend might be into women.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-16-No-Block-Trades-of-Deep-ITM-Calls-April-16th.md

@@ -0,0 +1,23 @@
+NO BLOCK TRADES OF DEEP ITM CALLS ON FRIDAY (4/16)
+==================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mtpyfw/no_block_trades_of_deep_itm_calls_on_friday_416/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Hope you all had a great weekend,
+
+I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it.
+
+[![r/Superstonk - NO BLOCK TRADES OF DEEP ITM CALLS ON FRIDAY (4/16)](https://preview.redd.it/5pe0ciat51u61.png?width=1230&format=png&auto=webp&s=d9beb8b788aa7b6d97d449d72360e120ee5c306e)](https://preview.redd.it/5pe0ciat51u61.png?width=1230&format=png&auto=webp&s=d9beb8b788aa7b6d97d449d72360e120ee5c306e)
+
+GME Biggest Trades 4-18-2021
+
+As you can see from the image above there were no large block trades of DEEP ITM calls. I think this is likely a result of this being the expiration date of the DEEP ITM calls that were being traded. If you look back at my prior posts you can see that almost every large block trade of DEEP ITM calls were dated for 4/16/21. Seeing as they would be extra volatile on their last day it would make sense why Hedgies wouldn't want to trade them (although DEEP ITM calls have very little theta a.k.a. time value decay). I will be curious to see if these start up again with an expiration on the next large quarterly options date (something like 7/16/21) or if these will disappear entirely. As always I will keep you posted. See you tomorrow.
+
+I may need to invest in Crayola at the end of all this. My Red addiction is getting the best of me.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-19-No-Deep-ITM-Calls-Purchased-in-Large-Quantities-Today.md

@@ -0,0 +1,25 @@
+NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)
+============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mueq2m/no_deep_itm_calls_purchased_in_large_quantities/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+Good evening Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here. Hope everyone had a great Monday as I know I did. The weekends feel like an eternity when you're waiting for the market to open. What a weird world we live in where on the weekend I look forward to Monday. What is wrong with me? Besides the fact that I eat crayons and sleep in my wife's boyfriends Honda Civic. Enough chit-chat let's get into the data.
+
+[![r/Superstonk - NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)](https://preview.redd.it/7d36bp1t38u61.jpg?width=1222&format=pjpg&auto=webp&s=51decc9d6190708a6d7ca15d5d323b3f19841d54)](https://preview.redd.it/7d36bp1t38u61.jpg?width=1222&format=pjpg&auto=webp&s=51decc9d6190708a6d7ca15d5d323b3f19841d54)
+
+GME Biggest Trades 4-19-2021
+
+As you can see from the image above there were no large block purchases of DEEP ITM calls. Nothing really important to note in the options activity (on the Biggest Trades list) as the largest transaction looked to be some $190 calls that traded for less than $1 million. Pocket change compared to the tens of millions we saw in purchases previously. As always I will continue to monitor this on-going situation and keep you posted.
+
+It will be interesting to see if FTD's begin to pile up as we have seen a fairly low amount of these DEEP ITM calls in the recent days. Unfortunately our access to this data is delayed (I believe 2 weeks) and so we will be in the dark on this to some extent. I don't know about you guys but I've reached this Zen phase of "inevitably we will be rich, I don't really care when it happens."
+
+[![r/Superstonk - NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)](https://preview.redd.it/38ppypow48u61.png?width=571&format=png&auto=webp&s=c7068e45be91ac8862b2158283076aa8b01e64df)](https://preview.redd.it/38ppypow48u61.png?width=571&format=png&auto=webp&s=c7068e45be91ac8862b2158283076aa8b01e64df)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-21-No-Deep-ITM-Call-Blocks-Purchased-Today.md

@@ -0,0 +1,44 @@
+NO DEEP ITM CALL BLOCKS PURCHASED TODAY (4/21)
+
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mvv0t9/no_deep_itm_call_blocks_purchased_today_421/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+What up Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a quick update on today's DEEP ITM calls.
+
+[![r/Superstonk - NO DEEP ITM CALL BLOCKS PURCHASED TODAY (4/21)](https://preview.redd.it/0rve0srysmu61.png?width=1226&format=png&auto=webp&s=e12f5155f7ecc8bc1d7e2963ba12eef3863c2e63)](https://preview.redd.it/0rve0srysmu61.png?width=1226&format=png&auto=webp&s=e12f5155f7ecc8bc1d7e2963ba12eef3863c2e63)
+
+GME Biggest Options Trades 4/21/2021
+
+There weren't any. (Large purchases)
+
+Nothing really new on this front so I wanted to take this time explain a bit more into how these DEEP ITM calls were being used to "hide" FTD's(Failed-to deliver).
+
+I personally was not the best when it came to explaining this but an ape with more wrinkles than I summed it up beautifully. BIG shoutout [u/ujar89](https://www.reddit.com/u/ujar89/) for this one:
+
+Here is the process they use to reset/hide FTDs. Please keep in mind Citadel is also a market maker. (Yes I know, conflict of interest). 'A' can be Citadel and 'B' can be Melvin in this example.
+
+1\.  A (the market maker) gives B X amount of synthetic shares (remember only market makers have this power). B gives A collateral so A doesn't get screwed (the collateral is basically the premium A pays to purchase the contracts from B).
+
+2\.  B uses those synthetic shares to close out existing FTD positions.
+
+3\.  B writes deep ITM calls (so A knows it's B).
+
+4\.  A buys the calls and exercises them receiving X shares back as IOUs.
+
+5\.  Now B has effectively closed out old FTDs while creating fresh new IOUs that will become FTDs in due time.
+
+6\.  Repeat as needed to avoid reporting FTDs and pretend like you covered.
+
+I hope this helped cleared up the inner workings of the process for some of you.
+
+See you all tomorrow

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-22-No-ITM-Call-Block-Purchases-Today.md

@@ -0,0 +1,19 @@
+NO ITM CALL BLOCK PURCHASES TODAY (4/22)
+========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mwm16e/no_itm_call_block_purchases_today_422/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+Late post but wanted to get the data out from your friendly neighborhood [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)
+
+[![r/Superstonk - NO ITM CALL BLOCK PURCHASES TODAY (4/22)](https://preview.redd.it/4qbmj7m5auu61.png?width=1226&format=png&auto=webp&s=8b7df47ee1e8fe4e38c3e720f0b39dc69a0d3341)](https://preview.redd.it/4qbmj7m5auu61.png?width=1226&format=png&auto=webp&s=8b7df47ee1e8fe4e38c3e720f0b39dc69a0d3341)
+
+GME Biggest Options Trades 4/22/2021 (from Fidelity)
+
+Brings the running total to 12 out of the last 14 trading days without large purchases that registered on the charts. I haven't heard a thing out of PHLX either but what do I know I've got crayons wedged in my ears. See you tomorrow

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-27-No-Deep-ITM-Call-Blocks-Traded-Today.md

@@ -0,0 +1,23 @@
+NO DEEP ITM CALL BLOCKS TRADED TODAY (4/27)
+===========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n04v84/no_deep_itm_call_blocks_traded_today_427/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+Good Evening Apes and Apettes,
+
+Gonna keep it short and sweet tonight my wife's boyfriend says I get 10 minutes on the computer.
+
+No GME Block trades of DEEP ITM calls today (data below)
+
+[![r/Superstonk - NO DEEP ITM CALL BLOCKS TRADED TODAY (4/27)](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21)](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21)
+
+GME Biggest Options Trades 4/27/21
+
+Just a quick update for everyone to log the data in an easily accessible place. Feel free to reference my prior posts for a deeper explanation if you haven't been following along. I wish you all a crown of crayons someday. Until then, I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) see you tomorrow.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-28-No-Large-Purchases-of-Deep-ITM-Calls-Today.md

@@ -0,0 +1,23 @@
+NO LARGE PURCHASES OF DEEP ITM CALLS TODAY (4/28)
+=================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n0u360/no_large_purchases_of_deep_itm_calls_today_428/) | 
+
+---
+
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) DEEP ITM calls you know what it is.
+
+Were there any large purchases? No
+
+![image](https://user-images.githubusercontent.com/82035192/120925534-fb6c9480-c6a6-11eb-9a5a-1520efff9efa.png)
+
+[GME Biggest Options Trades 4/28/21](https://preview.redd.it/otxd0ghen0w61.png?width=1223&format=png&auto=webp&s=edf36746144054f0251f435f5291353fbbe982da)
+
+Since there's no new news on the DEEP ITM call front (which is always good news). I wanted to take this time to give a shoutout to my fellow ape [u/YoungbloodAA](https://www.reddit.com/user/YoungbloodAA/) for the kickass background. My setup wasn't truly complete until now.
+
+[Disclaimer: I did not pay for this setup with GME stock because that would require me to have ever sold a share](https://preview.redd.it/kbmp96lzo0w61.jpg?width=3818&format=pjpg&auto=webp&s=540511231bf94874a88b3e04d0a0d70e06dd5e76)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-29-No-Large-Purchases-of-Dee-ITM-Calls-Today.md

@@ -0,0 +1,21 @@
+DEEP ITM CALLS - NO LARGE PURCHASES (4/29)
+==========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n1hd5z/deep_itm_calls_no_large_purchases_429/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Good evening Apes,
+
+[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with the quick update for everyone: no large block purchases of DEEP ITM calls today (4/29)
+
+[![r/Superstonk - DEEP ITM CALLS - NO LARGE PURCHASES (4/29)](https://preview.redd.it/gd0arpdo47w61.jpg?width=1220&format=pjpg&auto=webp&s=7c530b5f28750288cb5542c4b3829df821955d3e)](https://preview.redd.it/gd0arpdo47w61.jpg?width=1220&format=pjpg&auto=webp&s=7c530b5f28750288cb5542c4b3829df821955d3e)
+
+GME Biggest Options Trades 4/29/21
+
+Idk about you guys but I loved that AMA today; so informative and feel like [u/Atobitt](https://www.reddit.com/u/Atobitt/) was able to really steer the conversation well and keep us on topic. I know I learned a lot and hope you all took something away from it as well. Those are valuable insights! See ya tomorrow

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-04-30-23-Million-Dollars-of-Deep-ITM-Puts-hav-been-Purchased.md

@@ -0,0 +1,25 @@
+$23 MILLION IN DEEP ITM PUTS PURCHASED IN LARGE BLOCKS ON FRIDAY (4/30) OUT OF CBOE (CHICAGO) AND EMLD (MIAMI) EXCHANGES
+========================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/n3fgt1/23_million_in_deep_itm_puts_purchased_in_large/) | 
+
+---
+
+
+[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
+
+Happy Sunday Apes,
+
+It's your friendly neighborhood [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/). Friday was a spicy day on the options front. Let's get right into it:
+
+[![r/GME - $23 MILLION IN DEEP ITM PUTS PURCHASED IN LARGE BLOCKS ON FRIDAY (4/30) OUT OF CBOE (CHICAGO) AND EMLD (MIAMI) EXCHANGES](https://preview.redd.it/3vl4xbhzqrw61.png?width=1227&format=png&auto=webp&s=d4b5046213e48ee451f8fd84ccf0d341840d3e40)](https://preview.redd.it/3vl4xbhzqrw61.png?width=1227&format=png&auto=webp&s=d4b5046213e48ee451f8fd84ccf0d341840d3e40)
+
+GME Biggest Options Trades 4/30/21
+
+As you can see from the data above there were several large block trades of DEEP ITM Puts which can effectively be used in the same way we had seen the DEEP ITM calls used. On Friday there were 858 trades (in blocks) of the 4/30 $300 Puts for $10,215,018. Additionally there was 1,058 trades of the 5/21 $300 Puts for $13,161,978. All of these trades came out of the EMLD (Miami) and CBOE (Chicago) exchanges.
+
+These purchases are relatively in line with the size of purchases we began to see at the beginning of April and so I will continue into monitor early next week to see if these continue to appear in mass. It is interesting to see these exchanges pop up on the Biggest Options Trades lists as I had not previously seen them buying DEEP ITM calls on here. I wonder what other viable options they had for resetting FTD's and if any of the new DTCC rules and causing them to resort to buying these DEEP ITM CALLS AND PUTS.
+
+TL;DR: Read the title.💎🙌

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-05-06-No-Deep-ITM-Calls-or-Puts-Today.md

@@ -0,0 +1,21 @@
+NO DEEP ITM CALLS OR PUTS TODAY (5/6)
+=====================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6op3b/no_deep_itm_calls_or_puts_today_56/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Quick update for my Apes:
+
+No DEEP ITM Calls or Puts were purchased in large block trades today.
+
+[![r/Superstonk - NO DEEP ITM CALLS OR PUTS TODAY (5/6)](https://preview.redd.it/yi3mfksr4mx61.png?width=1219&format=png&auto=webp&s=dfa1f7dde677de86616639fd1fca4bbd8dd04ab6)](https://preview.redd.it/yi3mfksr4mx61.png?width=1219&format=png&auto=webp&s=dfa1f7dde677de86616639fd1fca4bbd8dd04ab6)
+
+GME Biggest Options Trades 5/6/21
+
+There's been a rather significant reduction in the frequency at which we are seeing these large block purchases. Time will tell the true impact this is having on the FTD's. Keeping it short as there's not much to report on this front. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out 💎🙌 🚀

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-05-11-A-Couple-Deep-ITM-Puts-and-Lots-of-OTM-Calls-were-Bought-Over-the-Last-Three-Market-Days.md

@@ -0,0 +1,33 @@
+A COUPLE DEEP ITM PUTS AND LOTS OF OTM CALLS WERE BOUGHT OVER THE LAST 3 MARKET DAYS (5/7-FRIDAY, 5/11-MONDAY, 5/12-TUESDAY)
+============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Good evening Apes,
+
+Sorry for the lack of posts lately but sometimes life gets in the way. Fortunately I still managed to find time to save the data from each market day. With that said let's get into it.
+
+[![r/Superstonk - A COUPLE DEEP ITM PUTS AND LOTS OF OTM CALLS WERE BOUGHT OVER THE LAST 3 MARKET DAYS (5/7-FRIDAY, 5/11-MONDAY, 5/12-TUESDAY)](https://preview.redd.it/ng46piilwly61.png?width=1229&format=png&auto=webp&s=fa9a79515f490283fabd71060d362cc37d546111)](https://preview.redd.it/ng46piilwly61.png?width=1229&format=png&auto=webp&s=fa9a79515f490283fabd71060d362cc37d546111)
+
+GME Biggest Options Trades 5/7/21
+
+Friday is where we basically saw all of the action. There were block purchases of 684 $300 puts for $9,435,780 with expirations 5/7(same day) and 6/18 out of EMLD (Miami). The other super interesting action can be found within the $800 calls purchased in mass quantities (~5063 calls) expiring July 16. These trades total somewhere in the neighborhood of $1.5 million and came out of BZX (Chicago) and GEMX (regional exchange for Africa, Latin America, and Southeast Asia). Quick crayon break and we'll move on.
+
+[![r/Superstonk - A COUPLE DEEP ITM PUTS AND LOTS OF OTM CALLS WERE BOUGHT OVER THE LAST 3 MARKET DAYS (5/7-FRIDAY, 5/11-MONDAY, 5/12-TUESDAY)](https://preview.redd.it/it074z1jyly61.png?width=1016&format=png&auto=webp&s=0dd1a76bfe824fb1a3dbd678559692c3697c196d)](https://preview.redd.it/it074z1jyly61.png?width=1016&format=png&auto=webp&s=0dd1a76bfe824fb1a3dbd678559692c3697c196d)
+
+GME Biggest Options Trades 5/10/21
+
+Nothing really of note on Monday a relatively quiet day on the options front.
+
+[![r/Superstonk - A COUPLE DEEP ITM PUTS AND LOTS OF OTM CALLS WERE BOUGHT OVER THE LAST 3 MARKET DAYS (5/7-FRIDAY, 5/11-MONDAY, 5/12-TUESDAY)](https://preview.redd.it/henpfgxkyly61.png?width=1174&format=png&auto=webp&s=dbe1c6a84feb7370a83b1d313f77e9cd56fd1b2e)](https://preview.redd.it/henpfgxkyly61.png?width=1174&format=png&auto=webp&s=dbe1c6a84feb7370a83b1d313f77e9cd56fd1b2e)
+
+GME Biggest Options Trades 5/11/21
+
+Today (tuesday) was another seemingly calm day in terms of options although we saw a bit more activity with the $800 OTM calls with roughly 346 purchased in large block trades out of BZX and PEARL with the same July 16 expiration date. Let's keep in mind these $800 DEEP OTM calls are very cheap but they still have a cost. Not sure if these are being used as a bullish bet, as a hedge, or if somehow this all ties back to the FTD resets. Not my job to sit here and speculate, I am just a smooth-brained crayon eating ape that's here to bring you the data. Hopefully will be seeing you again tomorrow. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-05-12-No-Significant-Trades-of-Deep-ITM-Call-or-Put-Options.md

@@ -0,0 +1,23 @@
+NO SIGNIFICANT TRADES OF DEEP ITM CALL OR PUT OPTIONS (5/12)
+============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb35if/no_significant_trades_of_deep_itm_call_or_put/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+Good Afternoon Apes,
+
+Quick update from [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) for all my data loving, crayon munching, smooth-brained apes. (data below)
+
+[![r/Superstonk - NO SIGNIFICANT TRADES OF DEEP ITM CALL OR PUT OPTIONS (5/12)](https://preview.redd.it/wylpkbw81sy61.png?width=934&format=png&auto=webp&s=2323af3dbc309ac0a3ba5ebe5bbb2a62d1a71232)](https://preview.redd.it/wylpkbw81sy61.png?width=934&format=png&auto=webp&s=2323af3dbc309ac0a3ba5ebe5bbb2a62d1a71232)
+
+GME Biggest Options Trades 5/12/21
+
+As you can see from the data above there was very little significant action on the options chain today. I say it that way because we did have one transaction of about 100 DEEP ITM $250 puts but this is rather insignificant in comparison to the bulk we usually see these block trades come in. I will continue to monitor for more DEEP ITM & OTM options later this week. Keeping it brief today hope you all enjoy the rest of your day.
+
+[![r/Superstonk - NO SIGNIFICANT TRADES OF DEEP ITM CALL OR PUT OPTIONS (5/12)](https://preview.redd.it/jb2oert42sy61.jpg?width=888&format=pjpg&auto=webp&s=ccdc036780abdd2b6b40ab41bbb59b7cc469e8e0)](https://preview.redd.it/jb2oert42sy61.jpg?width=888&format=pjpg&auto=webp&s=ccdc036780abdd2b6b40ab41bbb59b7cc469e8e0)

DD/Deep-ITM-Call-Analysis-by-Dan-Bren/2021-05-27-No-Deep-ITM-Calls-have-been-Purchased-All-Week.md

@@ -0,0 +1,41 @@
+NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)
+=======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmozvh/no_deep_itm_calls_have_been_purchased_all_week/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+What up Apes,
+
+Its good to be back. I have about 2 weeks of data to share with you all but for this post we're going to just cover this week. What a week we've had so far and its not over yet! Let's get right into the data:
+
+[![r/Superstonk - NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)](https://preview.redd.it/4hsi872r7s171.png?width=1133&format=png&auto=webp&s=1142cfb61b3572d218b1417466f1820560a91aa3)](https://preview.redd.it/4hsi872r7s171.png?width=1133&format=png&auto=webp&s=1142cfb61b3572d218b1417466f1820560a91aa3)
+
+Monday GME Biggest Options Trades 5/24/21
+
+No DEEP ITM Call options on Monday but some interesting action with some (potentially bullish) DEEP OTM calls.
+
+[![r/Superstonk - NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)](https://preview.redd.it/pkenv32r7s171.png?width=1134&format=png&auto=webp&s=9cb1f4dccd309877dea83a22b71d7beba5336b1c)](https://preview.redd.it/pkenv32r7s171.png?width=1134&format=png&auto=webp&s=9cb1f4dccd309877dea83a22b71d7beba5336b1c)
+
+Tuesday GME Biggest Options Trades 5/25/21
+
+Once again no DEEP ITM call options but some more action on both the $800 call (which we saw on Monday) and the $370 call. We shall see if these become resistance levels in the future.
+
+[![r/Superstonk - NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)](https://preview.redd.it/furlx42r7s171.png?width=1132&format=png&auto=webp&s=ba094b238fd930926032260977e76d9126d091a9)](https://preview.redd.it/furlx42r7s171.png?width=1132&format=png&auto=webp&s=ba094b238fd930926032260977e76d9126d091a9)
+
+Wednesday GME Biggest Options Trades 5/26/21
+
+Quite a bit a of action with both DEEP OTM Puts and Calls being purchased in mass quantities but no large purchases of DEEP ITM Calls.
+
+[![r/Superstonk - NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)](https://preview.redd.it/gxy6o42r7s171.png?width=1134&format=png&auto=webp&s=0bbe8737e338395ef668c7e6895af6626414168b)](https://preview.redd.it/gxy6o42r7s171.png?width=1134&format=png&auto=webp&s=0bbe8737e338395ef668c7e6895af6626414168b)
+
+Thursday GME Biggest Options Trades 5/27/21
+
+Today contained one large block purchases of ITM calls but I wouldn't completely consider this a DEEP ITM calls like we saw with the $12 and $15 calls in the past. This was a purchase (or sale) of 200 of the $130 call. Other than this a pretty uneventful day in terms of large block purchases of options.
+
+I won't keep you all any longer. Its an honor to be back and appreciate all the kind apes who reached out to check in on me. The community around here is what makes this place special. I hope you all have a great rest of your night. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.

DD/ETFs/2021-06-05-ETF-Holdings-of-GME-have-Increased-by-Ten-Percent-Over-the-Past-Three-Months.md

@@ -0,0 +1,23 @@
+ETF Holdings of GME have increased 10.6% over the past 3 months
+===============================================================
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/the_nebraskan](https://www.reddit.com/user/the_nebraskan/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt9vj1/etf_holdings_of_gme_have_increased_106_over_the/) | 
+
+---
+
+TLDR; ETFs are continuing to BUY and HOLD.
+
+3 months ago, on 19 Mar, I created a spreadsheet that tracked the holdings reports of the top 30+ ETFs that hold GME. Today I revisited that spreadsheet and updated the numbers with current reporting. The biggest updates came from Vanguard who published their quarterly holdings update at the end of April. Unlike the other tracked ETFs, Vanguard does not post daily holdings reports. Here are my findings.
+
+Total share count amongst the 32 tracked ETFs increased from 11.7 Million to 13.0 Million (+10.6%). Vanguard specifically had an increase in GME holdings from 3.7 Million to 4.8 Million (+30%).
+
+This increase in position comes with an increase in stock price. On 19 Mar, GME closed at $200.27. On 4 Jun it closed at $248.36. This shows that as a whole, ETFs have increased their total stake in GME and these changes were not due to adjustments from price alone.
+
+Spreadsheet Link
+
+<https://docs.google.com/spreadsheets/d/1SWK2krtYHqrGu222bVGhRwTP9niW-0t-_9Bbpwru3jY/edit?usp=sharing>
+

DD/Gamma-Signals-by-yelyah2/2021-06-02-Gamma-Signals-Firing-Again.md

@@ -0,0 +1,53 @@
+Gamma Signals Firing Again!!
+============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqwtms/gamma_signals_firing_again/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+TLDR: It's baaaacckkk!!! The signals are firing up again for another gamma squeeze!
+
+*BIG Edit:* So excited to see how much this took off in the last few hours! I didn't properly get the chance before, but I'll tell you now why I'm so excited...
+
+As you can see, for the last few months I've been anxiously pulling my options data/running my algos every day, and disappointed when I haven't seen that gamma spike since the beginning of March. I've seen other tickers get their spikes, watched AMC's spike for like 2 weeks straight, but no GME....
+
+Then finally last week there was a spike! And I couldn't wait to tell everyone! But it quickly went away, then the three day weekend happened, and was like... was it just a fluke?
+
+Then today, [u/Criand](https://www.reddit.com/u/Criand/) wrote an epic post that put some pieces together with my gamma spikes and the FTD cycles. I ran my algos between meetings this afternoon, and there she was, that beautiful golden spike came back! I couldn't wait to run onto the internet to tell all my friends! Cause lord knows my husband doesn't get excited about this stuff! And my two young kiddos were having some kind of crisis about cheese (understandable though).
+
+Anyways, it wasn't a fluke, these spikes cluster together for the big ones. I'm excited.... I'm jacked.... I can feel it.... I have a hard time understanding all the dd, but I understand this work that I've poured a lot of myself into, and it's telling me our chances of that MOASS just went up by a lot... like a lot....
+
+I have backtested my method using various machine learning/deep learning methods, and the chances of significant increases (5%+) with one of these spikes is around 70%, and goes up to ~80% with multiple spikes. Chances of big increases (10%+) are around 50%, and in GME's case... well... it likes to go BOOM!
+
+I don't put all my faith into these machine learning methods though, probably the nature of an actuary. Machines get you half way, and you have to read the numbers to make calls for yourself. My machines are telling me the conditions are ready.... the other dd is telling me we're ready... and most importantly for every individual ape to feel for themselves, my gut is telling me we're FUK'ING READY!!! LET'S GOOOOOO!!!!!!
+
+Original Post
+
+So excited to share that another gamma neutral spike started today, up to $9,233 (up from the $7,387 spike last week)!
+
+See this post from today by [u/Criand](https://www.reddit.com/u/Criand/) about the interesting relationship between the T+21/T+35 cycle, the gamma neutral spikes and the fuk'd level of hedgies: [Gamma Spike and T+21/T+35 Cycles](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)
+
+Graph below in log base 10 so you can see this beauty:
+
+[![r/Superstonk - Gamma Signals Firing Again!!](https://preview.redd.it/3as9umpc5x271.png?width=910&format=png&auto=webp&s=3829e979f085bac25fb0b00992d14d45e4fc5505)](https://preview.redd.it/3as9umpc5x271.png?width=910&format=png&auto=webp&s=3829e979f085bac25fb0b00992d14d45e4fc5505)
+
+GME 1/4/2021 - 6/2/2021, Log Base 10 Scale
+
+In the middle of work, but too excited not to send this out. I can comment more later, but yesssssssss gammmmmaaaa!!!!!
+
+copy/paste explanations from prior posts below for more explanation:
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes).
+
+-   Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
+
+Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.

DD/Gamma-Signals-by-yelyah2/2021-06-04-Gamma-Bombs-All-Over-the-Market-Today.md

@@ -0,0 +1,101 @@
+Gamma Bombs All Over the Market Today!
+======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrwp82/gamma_bombs_all_over_the_market_today/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+TLDR: Gamma spikes were firing all over the market today like little bombs, all while the market was tanking... The GME gamma spike from yesterday came back down, but we have a lot to look forward to! Not much reading. Lots of pretty graphs to look at!
+
+Before I dig in... I just have to give a big thank you to this community. This is really special place, filled with the best people, and I'm really proud to be a part of it and contribute however I can.
+
+*Chart Update*
+
+Here's a follow-up to my post from yesterday: [Gamma Signals Firing Again](https://www.reddit.com/r/Superstonk/comments/nqwtms/gamma_signals_firing_again/)
+
+I expanded the GME chart below to further back to 11/2/2020, so you can see more of the spikes as GME starts to move up, and you can see what I mean when I say they start coming in clusters.
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/hg45aqzr46371.png?width=910&format=png&auto=webp&s=54a5121e3391051e3f800512cc9f56dfcaecd2a2)](https://preview.redd.it/hg45aqzr46371.png?width=910&format=png&auto=webp&s=54a5121e3391051e3f800512cc9f56dfcaecd2a2)
+
+GME Log Base 10 Scale, 11/2/2020 - 6/3/2021
+
+I didn't share this with you yesterday, because I didn't want to distract from GME, but yesterday there were gamma neutral spikes happening all over the market, like little bombs going off. I shared these with [u/Criand](https://www.reddit.com/u/Criand/) last night, and we were wondering if the recent wind-down rules coming into effect was starting a little chain reaction. Then today, the whole market was red! I'm not sure what it means yet, but feels like the market is becoming more and more unstable.
+
+Here are a few of the charts from the tickers that were also set off for today. Usually, there's like... one or two a day, and I copied 15 below!
+
+But first, a quick refresher!
+
+*Quick Recap*
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
+
+*Back to the graphs...*
+
+Reminder, this is not to distract you from GME, just to show you what I mean when I say it was strange that these were all firing at the same time today.
+
+I don't know how... or even if... these tickers are all connected, but they definitely do share some interesting timing/patterns.
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/52bmcwgq56371.png?width=910&format=png&auto=webp&s=25e650dcebecc63e513c6a741e5235da31fcddad)](https://preview.redd.it/52bmcwgq56371.png?width=910&format=png&auto=webp&s=25e650dcebecc63e513c6a741e5235da31fcddad)
+
+AMC 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/pl4cqly7g6371.png?width=910&format=png&auto=webp&s=65d7d72d6f2ce01c09e29d93824f8814a6b08958)](https://preview.redd.it/pl4cqly7g6371.png?width=910&format=png&auto=webp&s=65d7d72d6f2ce01c09e29d93824f8814a6b08958)
+
+ABNB 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/ggp9r0h466371.png?width=910&format=png&auto=webp&s=ae5be1250eda029ec639fd75814cb9ba3e7a3a14)](https://preview.redd.it/ggp9r0h466371.png?width=910&format=png&auto=webp&s=ae5be1250eda029ec639fd75814cb9ba3e7a3a14)
+
+RKT 1/4/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/f7syzd0zf6371.png?width=910&format=png&auto=webp&s=4c75c9850d95f4438843baa38a8fcc081ddd2378)](https://preview.redd.it/f7syzd0zf6371.png?width=910&format=png&auto=webp&s=4c75c9850d95f4438843baa38a8fcc081ddd2378)
+
+BLNK 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/mu4aiuz2g6371.png?width=910&format=png&auto=webp&s=2fce5a6af885c0258daca54c833fe8d6b70d8e64)](https://preview.redd.it/mu4aiuz2g6371.png?width=910&format=png&auto=webp&s=2fce5a6af885c0258daca54c833fe8d6b70d8e64)
+
+LMND 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/pw56e3b776371.png?width=910&format=png&auto=webp&s=e26a1ac31911646be8ed66853fc660e8feb67165)](https://preview.redd.it/pw56e3b776371.png?width=910&format=png&auto=webp&s=e26a1ac31911646be8ed66853fc660e8feb67165)
+
+FUBO 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/rmbrwdcc76371.png?width=910&format=png&auto=webp&s=b9ca5760688cf194e26d62c8b6c551267cfaa67c)](https://preview.redd.it/rmbrwdcc76371.png?width=910&format=png&auto=webp&s=b9ca5760688cf194e26d62c8b6c551267cfaa67c)
+
+PLAY 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/9zdhg0rf76371.png?width=910&format=png&auto=webp&s=6325b7f3e95913e820acf5ab69b131330922c2d0)](https://preview.redd.it/9zdhg0rf76371.png?width=910&format=png&auto=webp&s=6325b7f3e95913e820acf5ab69b131330922c2d0)
+
+CCIV 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/b9ng41yne6371.png?width=910&format=png&auto=webp&s=4d81ace4143a8e683459e8ecc5b83f0fe15e2ff1)](https://preview.redd.it/b9ng41yne6371.png?width=910&format=png&auto=webp&s=4d81ace4143a8e683459e8ecc5b83f0fe15e2ff1)
+
+BBBY 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/ekt4974te6371.png?width=910&format=png&auto=webp&s=ae3ccd4c5b983cd94f23c4ad96e78166779dc410)](https://preview.redd.it/ekt4974te6371.png?width=910&format=png&auto=webp&s=ae3ccd4c5b983cd94f23c4ad96e78166779dc410)
+
+TLRY 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/vd4bsp0ye6371.png?width=910&format=png&auto=webp&s=d56b5d48a6f350f2c4798c68e871576ca87cda29)](https://preview.redd.it/vd4bsp0ye6371.png?width=910&format=png&auto=webp&s=d56b5d48a6f350f2c4798c68e871576ca87cda29)
+
+NVAX 1/4/2021 - 6/3/2021
+
+[![r/Superstonk - Gamma Bombs All Over the Market Today!](https://preview.redd.it/klv2kiq1f6371.png?width=910&format=png&auto=webp&s=9fcfc574683e383bb710bd646623a9982884c4da)](https://preview.redd.it/klv2kiq1f6371.png?width=910&format=png&auto=webp&s=9fcfc574683e383bb710bd646623a9982884c4da)
+
+WKHS 1/4/2021 - 6/3/2021
+
+Again, eyes on the prize. I doubled down on my GME stocks today, and I have no doubt these tickers are just the warm-up act for the big show. There are six new tickers firing tomorrow from my top 140, down from 15 in my top 140 today. Still a lot more than usual though, and I'm exciting to see what happens!
+
+*Data Dictionary*
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes).
+
+-   Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
+
+Disclaimer: I'm just a person that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.

DD/Gamma-Signals-by-yelyah2/2021-06-06-Gamma-Signal-Update.md

@@ -0,0 +1,110 @@
+6/6/2021 Gamma Update - Review of Gamma Maximums
+================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntw1h1/662021_gamma_update_review_of_gamma_maximums/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+TLDR: Potential new indicator - Gamma Maximum prices could identify potential ceilings for an underlying price, and a threshold to catapult the stock upwards if it can break through.
+
+Few Quick Words
+
+As my posts have recently gained some attention, thought I'd like say a few quick things before digging in:
+
+-   I use raw options data from [historicaloptiondata.com](https://historicaloptiondata.com/), write my own algos, and these are just Excel graphs I made.
+
+-   I have a few motivations for sharing this information:
+
+    -   Give back to this community. It's awesome, and has given me so much knowledge already.
+
+    -   Get feedback and suggestions. I do this as a hobby. I'm not a professional, and this is a pool of very intelligent people who have a lot of good ideas. This post is dedicated to one suggestion I received this last week, and was excited to dig into. I appreciate all your comments and suggestions.
+
+        -   Just be kind if you see something you don't agree with. I'd love an honest discourse!
+
+-   I try to read/reply to all your comments, messages and chats. If I don't respond and you wanted a chat, just bug me again. Like everyone, I have a lot going on in life, but this is important to me.
+
+-   I'm giving away a lot of my sauce, but I choose to keep some of my sauce secret. Hoping you can understand if I don't give away all secrets of what I do with trading this model.
+
+Recap
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
+
+Usual Graph Update
+
+Here's the graph you're used to seeing, and it includes the Close Price (green), delta neutral (blue), gamma neutral (orange) and max pain (blue).
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/4lrpvevj5p371.png?width=910&format=png&auto=webp&s=7d8a66d7133074756b822614a74b5389553390e3)](https://preview.redd.it/4lrpvevj5p371.png?width=910&format=png&auto=webp&s=7d8a66d7133074756b822614a74b5389553390e3)
+
+GME 12/3/2020 - 6/4/2021
+
+And on a log-based 10 scale:
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/w8hji3wc5p371.png?width=910&format=png&auto=webp&s=e6f2d7ff15bb04826059d30df5e473bef9998ff7)](https://preview.redd.it/w8hji3wc5p371.png?width=910&format=png&auto=webp&s=e6f2d7ff15bb04826059d30df5e473bef9998ff7)
+
+GME 12/3/2020 - 6/4/2021 - Log Base 10 Scale
+
+Some people are expecting another drop as the GME price climbs up. The Delta Neutral was at $164 on Friday, and I am projecting that it will climb to $168 by tomorrow, so if the price does dump, don't panic!
+
+Gamma Maximum
+
+As I said, I try to read/reply to all your comments and appreciate all feedback/ideas. For this post, I want to highlight one idea by [u/pennyether](https://www.reddit.com/u/pennyether/):
+
+*"I have a hunch that the price point that has "peak gamma" is more predictive than the point that has "zero gamma". I would be very interested to "peak gamma price point" plotted with the other values.*
+
+*I think "zero gamma" is overall just indicative of call/put ratio, and how far out they are. It's more of a measurement of "how much are people gambling?".*
+
+*"Peak Gamma" acts more like magnet in some respects. It's easier to move the price around through price points of high gamma (since each buy or sell is magnified by delta hedging). So if you're just below the peak, buying will push you up slightly more than selling will push you down.*
+
+Before I show you GME, I wanted to show you the Amazon graph with the "Max Gamma", in a nice red crayon color, and represents underlying price that would achieve the maximum total gamma for the day. I picked Amazon because it's a stock that behaves really well, it has some of the highest underlying equity and options volume on the stock market.
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/rtcns36a7p371.png?width=910&format=png&auto=webp&s=43fa5f0686002248a5e11f018a4eaf02c096ae87)](https://preview.redd.it/rtcns36a7p371.png?width=910&format=png&auto=webp&s=43fa5f0686002248a5e11f018a4eaf02c096ae87)
+
+AMZN 12/1/2020 - 6/4/2021
+
+A couple quick comments:
+
+-   For Amazon, it does seem like the gamma maximum could be acting like a magnet, as [u/pennyether](https://www.reddit.com/u/pennyether/) suggested.
+
+-   It also seems to act like a ceiling for Amazon on a couple points
+
+So with that here's the GME graph, in all its madness:
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/tamz8rn28p371.png?width=910&format=png&auto=webp&s=ead72bace85cb8bc461acf3292186c10ee5c5274)](https://preview.redd.it/tamz8rn28p371.png?width=910&format=png&auto=webp&s=ead72bace85cb8bc461acf3292186c10ee5c5274)
+
+GME 12/3/2020 - 6/4/2021
+
+I also zoomed in so you could see the run-up to the January squeeze:
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/3a3gy4kb8p371.png?width=910&format=png&auto=webp&s=78f250da0d58caa3a196a6e75f48ad2f9f31604b)](https://preview.redd.it/3a3gy4kb8p371.png?width=910&format=png&auto=webp&s=78f250da0d58caa3a196a6e75f48ad2f9f31604b)
+
+GME 12/3/2020 - 1/24/2021
+
+I'm really interested to hear about what you see here, and what you think the maximum gamma could represent. I have a few thoughts/observations:
+
+-   It does seem like the gamma max could act like a ceiling, as I showed with Amazon
+
+-   but if the price breaks through the gamma maximum barrier, then it seems like it gives it the power to accelerate the underlying price upwards
+
+-   If so, does that mean the ceiling tomorrow is ~$280 that we have to break through to get to the next level? Maybe? It definitely seems like the latest battles have been centered around $280. Here's hoping we can break through it!
+
+Just for fun, here's a logarithmic scale showing the maximum gamma from the January squeeze. As you can see, the gamma maximum would have been $12,270,857,810,209,300,000,000,000,000,000 on 1/28/2021.
+
+[![r/Superstonk - 6/6/2021 Gamma Update - Review of Gamma Maximums](https://preview.redd.it/kxbmw9gq5l371.png?width=910&format=png&auto=webp&s=4b2f236f63e054d5cb07ccd5d7901929ca008c31)](https://preview.redd.it/kxbmw9gq5l371.png?width=910&format=png&auto=webp&s=4b2f236f63e054d5cb07ccd5d7901929ca008c31)
+
+Do I think that was really the ceiling? No.... not really... but I have a feeling some will say it's the new "floor" :) I'm guessing it's an infinite glitch as the optimizer tries to find a solution (I know you love that "g" word...).
+
+Ok that's it for today, see you out there tomorrow! Keep your ideas coming! I love looking at this stuff!!
+
+*Data Dictionary*
+
+-   Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
+
+-   Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes).
+
+-   Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
+
+Disclaimer: I'm just a person that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.

DD/Infinite-Loop-Series-by-draygon-media/2021-05-04-A-Mind-Map-to-Help-Follow-the-Money.md

@@ -0,0 +1,127 @@
+A Mind Map To Help Follow The Money
+===================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/draygon_media](https://www.reddit.com/user/draygon_media/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+[![r/Superstonk - A Mind Map To Help Follow The Money](https://preview.redd.it/w6nodjdny4x61.png?width=1838&format=png&auto=webp&s=8420c3fc3049305457c1c506d674072804fec49f)](https://preview.redd.it/w6nodjdny4x61.png?width=1838&format=png&auto=webp&s=8420c3fc3049305457c1c506d674072804fec49f)
+
+The overview! Click the link below to look closer!
+
+edit for: Thank you all so much for the awards, upvotes, and support!! You are all so amazing
+
+This is not FA... I do not advise doing anything based on this information... I am just a person who likes to look at the big picture. What better way to look at the big picture than with a mind map?!
+
+Click here - - ->>>> <http://go.bubbl.us/b7f901/25d0?/The-Loop>
+
+This is an ever evolving mind map, and made by 1 person at the moment. I have done my best to cross check information, so PLEASE take it with a grain of salt. But know that there is something very interesting within the mess.
+
+TLDR: Just read it please... I am providing a graphic and all to follow along with. Without the following information, the mind map WON'T make much sense.
+
+So... Let's dive in.
+
+My goal here is to demonstrate how big this ALL goes. While we short sightedly focus on AMC and GME, because it is the big thing at the moment; we must look at who is in on this. But, let's go back in time for just a moment.
+
+The year? 2008... This was a big moment of bailouts, and guess who got one of the BIGGEST bailouts.
+
+AIG
+
+(<https://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp#:~:text=The%20amount%20the%20U.S.%20government,79.9%25%20of%20the%20company's%20equity.&text=The%20Federal%20Reserve%20and%20the,to%20an%20estimated%20%24150%20billion>.)
+
+"At its peak, AIG had a market capitalization four times the size of Lehman at the latter's highest. However, AIG was bailed out not purely because of its size, according to Antoncic. "It's not just the size that matters; it is the interconnectedness," she said. If AIG failed, it would trigger a domino effect globally as the insurance giant had provided protections worth more than half a trillion dollars, including $300 billion to banks in the U.S. and in Europe. "Imagine if AIG went away. All of these banks would have had enormous regulatory capital problems. It would have been an extremely systemic macro event." (<https://knowledge.wharton.upenn.edu/article/the-good-reasons-why-lehman-failed/#:~:text=%E2%80%9CLehman%20basically%20put%20the%20nail,its%20size%2C%20according%20to%20Antoncic>.)
+
+AIG was chosen to be saved, which would in turn cause Lehman Brothers to go under. This led me down the track of who was invested into AIG currently.
+
+(<https://my.valic.com/ARO/FundPerformance/Tables.aspx?q=KdNpYAGhdNqIJMQMo7Ew+NkW3KFlOYMTjze/DCmGOiWNUIE9RU3Z9coV6V4mx1/5bt/DhxioxzfifeKvzAiX8rvTcd+aoQRjp/kUTrAIBSkwP0J/NmJQzoeWXlhXXK8p8nk7tKyozrqUIUh8ZvrcKXmP32YoRwjW76AT3AYFxEYeid51ONkOxpas+2gAhCIUE//sXdK/04Gxuh5BOiomoRZx4uAp1F8FQqarTLOtrKBtCrOphygnGm2NXEqg+KXC>)
+
+Through the mind map, I have condensed this information. But you are MORE than welcome to sift through it as well!
+
+You will find some of the big names that we are currently in a situation in as we speak!
+
+Here is the color code surrounding AIG:
+
+Purple- I have not dug into at the moment
+
+Pink- Institution that keeps popping up, and I am keeping an eye on.
+
+Dark Red- Currently have information, but have not been able to add it
+
+Black- Main leads that I wanted to look into
+
+(Vanguard, BlackRock, JPMorgan, Morgan Stanley, SunAmerica, Goldman Sachs, Wells Fargo, BMO, T. Rowe Price)
+
+What I began to find while diving into the 13D holdings was very interesting. (This is different than the 13f filings) *information taken from fintel ownership section, trying to confirm against Bloomberg as soon as possible!)
+
+As you can see, Vanguard has 13D filings in:
+
+BlackRock
+
+AIG
+
+Morgan Stanley
+
+Goldman Sachs
+
+JPMorgan
+
+Ameriprise (check out where it leads to)
+
+Janus Henderson (Another one that leads to the same place)
+
+BlackRock:
+
+Morgan Stanley
+
+Goldman Sachs
+
+JPMorgan
+
+AIG
+
+The other grey boxes surrounding the banks indicates corporations who HAVE 13D filings for the institution.
+
+Morgan Stanley was in interesting one to me, since this is the one I ended up focusing a lot on given their standing with AMC. This is where I found quite the loop in investing.
+
+Morgan Stanley is in AMC > BlackRock is invested into Morgan Stanley > Vanguard has a good size holding in BlackRock> BlackRock is ALSO invested into Vanguard's ETF's> Vanguard and BlackRock also have holdings in AMC and GME>AMC and GME are HELD in ETF's that are owned by Vanguard and BlackRock (along with many others).
+
+This is just ONE loop that I came across that I found fascinating.
+
+Are you still with me? Try to follow the lines of connection on the mind map.
+
+The orange boxes around GME are the 13D filings, and the green boxes around AMC are their 13D filings. (Again, not 13F's)... There are some in here that I am STILL trying to verify because I am getting conflicting information from various sources. Most of these have been checked through Bloomberg, and this will ALL be updated as I find more! Check out the various investors... see any INTERESTING institutions?
+
+You can see that by just looking at the investors, that there are 3 connecting points:
+
+Dimensional Fund Advisors LP, BlackRock, and Vanguard.
+
+"But there has to be more connecting points, right?"
+
+I am happy you asked... Why YES! Yes there is!
+
+This takes me back to February, when I (and all apes who noticed) the charta for AMC and GME were moving in the same manner. I started diving into the research as to what would cause this. My fun friends that I have been tracking since... THE ETF'S!
+
+The ETF bubbles you see have been increased and decreased since this inception due to the increase or decrease of ETF's AMC and GME are held in. There are many of these ETF's that hold other favorites to watch as well (Apple, Tesla, Microsoft... you get the picture). On days that GME and AMC start to move the same way, I tend to watch if Apple, Tesla, and/or other meme/tech stocks who seem to move similarly.
+
+Usually, they do.
+
+Why is that you may ask...
+
+Well you see, there are 21... yes 21 ETF's that hold both AMC and GME... and the one I tend to keep a close eye on is the Russel 2000 ETF's with Vanguard.
+
+In my digging around, I confirmed that this was the one to watch, because our dear friend Morgan Stanley. (I told you they were one to watch)
+
+In February, Morgan Stanley reported a 671.27% increase in ownership. (<https://fintel.io/so/us/vrtix/morgan-stanley>)
+
+I will continue to monitor this one for sure!
+
+I still have a TON of work to do with different connections, and I will release part 2 once that is finished. Part 2 will contain more ETF holdings by institutions, information on the three institutions at the top (and where they are tying into this) as well as any other pertinent information I think is needed.
+
+Part 3... I am looking into the housing market with all of this... but that may be a bit depending on time!
+
+I hope you enjoyed my findings, and feel free to dive deeper into it! If you have information you want me to add or look into let me know!

DD/Infinite-Loop-Series-by-draygon-media/2021-05-12-Infinite-Loop-Parts-II-and-III.md

@@ -0,0 +1,101 @@
+Infinite Loop Part 2 and Part 3
+===============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/draygon_media](https://www.reddit.com/user/draygon_media/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/navdxu/infinite_loop_part_2_and_part_3/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+[![r/Superstonk - Infinite Loop Part 2 and Part 3](https://preview.redd.it/om4eohkucqy61.png?width=1534&format=png&auto=webp&s=704017fd96e28f8e3e54d81cf7e14ca3b7c0c16a)](https://preview.redd.it/om4eohkucqy61.png?width=1534&format=png&auto=webp&s=704017fd96e28f8e3e54d81cf7e14ca3b7c0c16a)
+
+The beast is growing!
+
+Thank you everyone for the love and support!!! I am so happy to see people are able to understand the mess we are seeing!!
+
+The Infinite Loop pt. 2 and 3!
+
+*The regular stuff: this is not financial advice, I am not an advisor, please take this with a grain of salt, research it more yourself... yadda yadda.. On to the good stuff*
+
+Here it is guys... most of part 2 and some of part 3!
+
+*If you have not read Part 1 here it is- <https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/>
+
+**LINK TO THE MAP** <http://go.bubbl.us/b7f901/25d0?/The-Loop>
+
+TLDR: Bearish Side is pretty difficult to find! I put in what I could of Citadel, and people really don't seem to want to do much with them! Housing Bubble is growing... take a look! Other than that.. you know the drill! Reading holds the key to the map! (Starting to feel like Charlie... "Who is Pepe Silvia?")
+
+As I said previously, this is an ongoing mind map, and the more I research and dig around, the more will be added to this!
+
+Let's dive in!
+
+The good news:
+
+I have been able to lock down Citadel, and where they are at in the map. I have found quite a few institutions have 13F filings for Citadel, but no one actually wants to have any ownership of them. So far Wells Fargo, JP Morgan and Bank of America are the ones that are taking a chance on them ( at least from what I have found..). I have also found the 17 broker/dealers that utilize APEX Clearing as their clearinghouse! Interestingly enough, Robinhood does not fall on this list. I will be adding the other broker/dealers and their clearing houses soon.
+
+Some of the names that stuck out to me are M1 finance, Webull, WealthSimple, Ally, and Firstrade
+
+I have not completed the ones who have a PFOF with Citadel, but it's coming. (I am only 1 person).
+
+If you cruise on up to the purple/red bubbles you will see that Citadel has not only shares bought in Vanguard and Blackrock, but they have also decided to place options on them as well. Doing what hedgies do best, I guess.
+
+Moving on up to the north side of Citadel's bubble, we see 1 13 D/A filing (there are more, but not relevant to this...). I found that they have a little bit of control ownership in Susquehanna! The same one that is up with our good friend GAMESTOP!
+
+Citadel is truly the only one I could pin down to being at the center of the mess going on, and the other hedge funds do not have any major link to them.
+
+THIS IS A GOOD THING!
+
+The more I tried to find the bearish side against AMC and GME, the more I found that they had even MORE backing on the bullish side.
+
+At the very top, where my random banks were, we see Charles Schwab has 1.23 Million shares of Gamestop and 1.77 Million shares of AMC. They also have 13F filings for Vanguard and BlackRock. Moving over to the left I found that Bank of America had 13 G/A filings from Berkshire Hathaway (a whopping 1.032 BILLION Shares), Vanguard, and BlackRock. BofA also had investments in BlackRock and Vanguard (along with Citadel and Point72). There are others, but this map would NEVER end.
+
+Deutsche Bank had a 13 D/A filing from BlackRock and had a 13F filing for Citadel.
+
+From what I kept seeing, MOST of the banking institutions have some form of investment into Citadel! Concerning? Not really... Because the almost all that has been invested is so tiny that the banks may only feel a slight pinprick from their investment, in the event Citadel ceases to exist.
+
+The powerhouses are proving to be on the right side of history this time, which is good for economic purposes.
+
+Or are they?
+
+Part 3.
+
+If you notice, there are two new bubbles coming from Vanguard: Invesco and BlackStone.
+
+We know Invesco Kenna... But who is BlackStone?
+
+I am SO happy you have asked that question! Let's head down to the Housing Bubble that is forming.
+
+I am so thankful for my husband for helping to piece a lot of this together! His background? He is a realtor himself and enjoys tracking the market! He started noticing some dangerous trends within the market itself and wanted to dig more into it! He started this research a couple months ago and found that we are gearing towards ANOTHER 08 situation.
+
+People are taking out more subprime mortgages recently, and the fascinating thing is... that it is for rentals! Rental homes have a little more leniency on borrowing since it is for income, and the big investment institutions figured that out. BlackStone SOLD the FIRST single family rental securitization in 2013 for $479 Million!
+
+I Could do an ENTIRE write up, but my husband did an EXCELLENT job dictating his points ON the map... So, I will leave you be for a moment to follow the chart!
+
+The only Key you need for that section:
+
+Subprime Mortgages:
+
+Green- STILL AVAILABLE (one way or another, it could be tricky... but there are lenders for these)
+
+Red- NO LONGER AVAILABLE
+
+Welcome Back!! Hope you found that interesting!
+
+The last thing for this DD is the Housing Insurance Bubble!
+
+A few months ago, we saw whispers of notable names from the '08 era looking into a bubble revolving around homeowner's insurance. The idea was that Climate Change affected zip codes would see an increase in their premium costs. In turn, the monthly cost would be substantially higher than what the owner originally agreed upon. Between the pandemic, and people normally taking out the max they can borrow, their shoestring budget becomes even thinner! Therefore, while interest on the mortgages were low, people in areas where fires, hurricanes, floods and/or tornados occur would see their payments fluctuate drastically! The unfortunate side effect will be people being unable to make their payments, and we could see more people being foreclosed on!
+
+If you will go to the bubble just south of the CDO/BTO web, you will find my area where I am starting to gather article and will be posting stats for updating purposes!
+
+Please note: ALL OF THIS APPLIES to commercial real estate as well as residential!
+
+------------------------------------------------------------------------------
+
+Thank you for taking the time to read through everything and follow along! As far as I can see we are heading towards something pretty incredible... and history books will talk about this for centuries!
+
+Be kind to one another!
+
+Lastly... TO. THE. MOON!!

DD/Margin-Calls/2021-06-08-Squeeze-Only-Starts-when-the-Hedge-Funds-are-Margin-Called.md

@@ -0,0 +1,42 @@
+The squeeze only starts when the hedge funds are margin called. The whole financial industry is complicit the predatory naked shorting scheme.
+==============================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Branch-Manager](https://www.reddit.com/user/Branch-Manager/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv3r0i/the_squeeze_only_starts_when_the_hedge_funds_are/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+The first to be margin called (and eventually liquidated to cover their shorts when they fail to meet margin requirements) are the hedge funds...
+
+They're the small fish. This might cause the price to go into the thousands. The media will put them on blast hoping we believe that once all the hedge funds are margin called that it's over... but this is where it just begins...
+
+Next will be the market makers and prime brokers who've been "operational shorting" to "provide liquidity to the market." As Wes Christian has explained, these are the big fish, the real mother fuckers. This is Citadell, Bank of America, JP Morgan, etc. They're given privileges to short ETFs, fail to deliver, hide shorts/ fails with options, and to skim profits off retail by front running orders, and used these privileges to collude with hedge funds to manipulate prices by diluting the shares in circulation.
+
+This is where we could see the price go into the hundreds of thousands....
+
+But it still ain't over...
+
+Next in line to cover would be the Clearing Houses (collectively the DTCC). They've been allowing all this to occur because they profit off all that sweet liquidity.
+
+This is what they've been wanting to avoid and why the FUD/ bots/ shills leading up to this point will seem like a light seasoning compared to the avalanche we'll see the closer we get to this point.
+
+When the DTCC has to start shelling out, that's when the price could go into the millions/ tens of millions.
+
+And then the final boss would be the Fed. And don't think for a minute their hands are clean of the blood of the innocent that has been shed by this predatory naked short scheme.
+
+Expect fuckery at every step of the way, and don't expect all margin calls to happen in one seamless stream; their goal is to never cover. They will try to drag this thing out and shake as many paper hands as possible.
+
+I posted this as a comment and was encouraged to make it a post for visibility.
+
+Edit: distinguished margin call from liquidation
+
+---
+
+**Relevant comment by [u/SpacedSlayer](https://www.reddit.com/user/SpacedSlayer/)**
+
+Force liquidation is when the squeeze starts. Not a Marge in.
+
+It's what happens after Marge calls and she doesn't like their tone and answers.

DD/Margin-Calls/2021-06-08-Whats-Happening-Today.md

@@ -0,0 +1,54 @@
+What's happening today - 6/8/2021
+=================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv6nmj/whats_happening_today_682021/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+EDIT 1: There is an issue with Reddit right now and my images are not loading. I've added IMGUR links instead. Furthermore, I cannot see the upvote total for this post, which is still stuck at 1.
+
+EDIT 2: The comments in EDIT 1 seem to be fixed now. I also added an example of how the additional deposit could have been made in shares rather than cash. This would force the short seller to buy enough shares to meet their new margin requirement. Otherwise, it was a legitimate margin call to cover a short position.
+
+________________________________________________________________________________________________________________
+
+There are significantly underfunded short positions on GME. With the recent spikes in price, it puts an even bigger strain on these positions because they must deposit more money to keep their accounts current with the new price. I'll use some simple numbers to describe what this means.
+
+If you have $100 in a deposit account to "cover" your short position and the price skyrockets, you must make an additional deposit to meet the new price. So the account holder will deposit an additional $20 to make their account current. To do this, the short seller can either deposit shares or cash in their account. If you cannot meet this requirement, a [margin call](https://www.investopedia.com/terms/m/margincall.asp) will occur. I believe the uptick in volume this morning resulted from short sellers purchasing enough shares to meet the new requirement. It could also be from them covering the position, directly. I could be wrong but the outcome is still the same. Take a look: <https://imgur.com/vdzZUaa>
+
+[![r/Superstonk - What's happening today - 6/8/2021](https://preview.redd.it/qg1iw979a2471.jpg?width=1891&format=pjpg&auto=webp&s=0bd6b0348a886d8fd229f23a213028d94991b8fa)](https://preview.redd.it/qg1iw979a2471.jpg?width=1891&format=pjpg&auto=webp&s=0bd6b0348a886d8fd229f23a213028d94991b8fa)
+
+We had at least 2,000,000 shares traded within 20 minutes which boosted the price by roughly $45. This means there are now MORE positions which are underfunded and must make additional deposits to meet the increase in exposure. Ergo, we should have a domino effect. The "sideways" trading occurs between these purchase periods because retail investors continue to diamond hand their stonk.
+
+____________________________________________________________________________________________________________
+
+What does this mean? Volume upticks like this will drive the price up. Once that spike is over, the price will trade sideways (basically) until another volume spike occurs. We know this because apes basically forgot how to use the sell button. This will send the price up again. Rinse, wash, repeat.
+
+However......
+
+Think back to the House of Cards - Part III. Remember the example I gave of Goldman Sachs when they were being "bought in"? What did they do?
+
+They shorted EVEN MORE than they purchased on that day to keep the price down. As I am writing this, it is literally happening with GME.
+
+<https://imgur.com/abvlt1L> (pictures AND links are really f*ckey with Reddit right now)
+
+[![r/Superstonk - What's happening today - 6/8/2021](https://preview.redd.it/lxhaj37aa2471.jpg?width=1902&format=pjpg&auto=webp&s=c5d787fa3fdcd6cc783da7c052338821129d9874)](https://preview.redd.it/lxhaj37aa2471.jpg?width=1902&format=pjpg&auto=webp&s=c5d787fa3fdcd6cc783da7c052338821129d9874)
+
+I honestly do not believe this is retail selling, but rather, a flash-crash to drive the price down. I wrote about it in Citadel Has No Clothes when it happened on March 10th. I would have a hard time believing this a few months ago, but after seeing Goldman Sachs get caught doing the same exact thing, it's become obvious: this is their textbook move. The goal is to return the price to a point it was at prior to the increase this morning. Obviously, this will prevent more market makers & broker-dealers from having to make additional deposits.
+
+This is not normal behavior and is HIGHLY unlikely that retail is responsible. Prepare for EXTREME volatility and know that these actions are performed to prevent OTHER BROKER-DEALERS from being margin called.
+
+As you continue to hold, THEIR problem will become worse and worse. It will ONLY work if you sell. Once the short attack is over, you should see the price rebound. We know that $350 has been a dangerous point for them because they triggered a flash crash at $350 on Mar10 (Mario day). Low and behold, they *done-did-it* again
+
+<https://imgur.com/NnLH3We>
+
+[![r/Superstonk - What's happening today - 6/8/2021](https://preview.redd.it/d813st4ba2471.jpg?width=1893&format=pjpg&auto=webp&s=e0080c01e8e2a8061c2f771bf4ba9aedf10cf79c)](https://preview.redd.it/d813st4ba2471.jpg?width=1893&format=pjpg&auto=webp&s=e0080c01e8e2a8061c2f771bf4ba9aedf10cf79c)
+
+To me, this is us catching them in their lies. There would be NO NEED for this if their positions were covered. It is blatant market manipulation and we are SUFFOCATING THEM.
+
+DIAMOND.F*CKING.HANDS
+
+*Not financial advice*

DD/Naked-Shorting/2021-06-05-Definitive-Guide-about-Naked-Shorting.md

@@ -0,0 +1,127 @@
+Everything Superstonk Knows About Naked Shorting - A Definitive Guide
+=====================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt0ojl/everything_superstonk_knows_about_naked_shorting/) | 
+
+---
+
+
+[🚀 Moderator 🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&restrict_sr=1)
+
+Hi apes; sharkbaitlol here again chomping away at MSM this time. This is a quick post surrounding a particular news station confirming the concept of naked short selling (for anyone [out of the loop](https://www.reddit.com/r/Superstonk/comments/nspmql/naked_shorts_yeah/)); while this is hilarious, it's something the apes here at Superstonk know all too well as we've been researching this for a while now!
+
+Over the last few months, we've had fantastic DD written on the subject and even had AMA guests come on to speak about it. The great news is, that this topic has picked up so much speed that we even see it trending on Twitter right now across various parts of the world.
+
+With that being said this serves as a great time for us to showcase all the research apes here have worked on over the last several months. If you feel there's a great thread that should be included below (that I've missed); please feel free to comment and I'll edit it in.
+
+[![r/Superstonk - Everything Superstonk Knows About Naked Shorting - A Definitive Guide](https://preview.redd.it/o0nbqlzlfh371.png?width=1091&format=png&auto=webp&s=e9e7cb830ed3490fd11adf58b87db6079c3469ef)](https://preview.redd.it/o0nbqlzlfh371.png?width=1091&format=png&auto=webp&s=e9e7cb830ed3490fd11adf58b87db6079c3469ef)
+
+the world is taking notice
+
+Lets start off with a text book definition of naked short selling:
+
+[![r/Superstonk - Everything Superstonk Knows About Naked Shorting - A Definitive Guide](https://preview.redd.it/yecxm5507h371.png?width=611&format=png&auto=webp&s=59d8c9f2e09a1cd46ed532814ccc7ced06ae2a67)](https://preview.redd.it/yecxm5507h371.png?width=611&format=png&auto=webp&s=59d8c9f2e09a1cd46ed532814ccc7ced06ae2a67)
+
+https://www.investopedia.com/terms/n/nakedshorting.asp
+
+Essentially it is the practice of shorting a stock (which is totally legal), but without the shares on hand (this is what's illegal). This is equivalent to spending shares you do not have; this becomes a slippery slope to create scenarios like what we see with GME where [140% of the float was shorted.](https://en.wikipedia.org/wiki/GameStop_short_squeeze) This shouldn't be possible as it suggests that an incremental 40% of shares (more than exist) were fabricated. This can be put on the same level of severity as printing out currency.
+
+This process artificially increases the amount of shares in circulation without the affected companies approval; devaluing shares significantly. If you own mutual funds, ETFs, retirement plans or straight up stocks this should be a concern for you as these players (naked short hedge funds, financial institutions) are stealing from you. It's through this process that they killed off Toys'r'us, Sears and thousands of other companies.
+
+Some great resources from over the last few months:
+
+-----------------------------------------------------------------------------
+
+AMAs With Wes Christian
+
+-----------------------------------------------------------------------------
+
+Wes Christian joined us recently for two amazing AMAs!
+
+Just as a reminder for his background;
+
+> *Wes Christian is a Texas attorney with* [*an accent as big as his list of accomplishments*](http://www.csj-law.com/attorneys/jchristian.html)*!* *His primary focus in the last 11 years has been suing Wall Street for fraud and is a* *US legal expert on naked short selling.*
+
+[![r/Superstonk - Everything Superstonk Knows About Naked Shorting - A Definitive Guide](https://preview.redd.it/ragcur5s7h371.png?width=170&format=png&auto=webp&s=66da029065ebe745b0b671c1e0f778cf7c3e3bff)](https://preview.redd.it/ragcur5s7h371.png?width=170&format=png&auto=webp&s=66da029065ebe745b0b671c1e0f778cf7c3e3bff)
+
+-   Catch him in part 1 in an interview with the brilliant [u/dlauer](https://www.reddit.com/u/dlauer/) : <https://www.youtube.com/watch?v=2rJujnpKiqM>
+
+-   And part 2 with heavyweight investigative journalist Lucy Komisar: <https://www.youtube.com/watch?v=q8-JO3g5bm4>
+
+I highly suggest watching the AMAs to get an insight into the financial world; but here are some great quotes from Wes himself during the interviews;
+
+> *Lucy:* *"Well, what was going on? What tactics were they using?"*
+>
+> *Wes:* *"Let's see back then what they did is they really naked short sold, what I would call small cap companies, bulletin board companies, not NASDAQ companies, not NYSE Amex companies, bulletin board companies, and back then those companies always needed capital. So they would enter into the the bad guys would enter into a convertible debenture, that is a basically a legal note a promise to pay money. In an exchange for that the note would say we the person who's owed the money can take shares, or we can take cash for payment. Well, the bad guys would always take shares. And so what would happen is the company the public company would sign the note because I needed the money. Because the people said, Oh, we'd love your company, we want to invest, we really think you've got great technology will loan you this money. In fact, we'll even let you repay us in shares with the company thought that's a winning proposition. Because my God, I don't have to part with cash, I'm gonna get cash in the door, it's great. But in reality, what that was, was a predator, or predator who was coming in getting inside information and loaning you money. And at the time, let's say that this company stock which was internet law library was making it up, but it's close $8 a share. And at the time, the amount of shares that would have to be given to the person who the note was made payable to would have been, let's say, a million shares. And it that time the stock started going down and down and down, and the volume of the sales went up and up and up. Of course, as we know, loosely, anytime sales, exceed demand or supply exceeds demand, the price is going to go down. So what was happening is the mission of the bad guys was to loan you two and a half million dollars, and be entitled, at least at that time to a million shares. So by the time sorry that they got through with you, you would have to give them 20 million shares."*
+
+Shark's take: It wasn't always about going after big companies; Wall Street's appetites have grown over time as Wes suggests.
+
+> *Lucy:* *"but just to just to intervene a little bit just to explain what it means. If you make a loan, and I think in this case for Sedona, it was two and a half million, you have to pay back, maybe it was 3 million in shares, but its shares and you think everything's going up, you're getting this loan is going to grow the business. But if they knock the share price down with naked short selling, 3 million worth of shares, may be the whole company, because the shares now are worth what a 10th a 20th. So that the number is important. $3 million worth of shares, gives them the whole company. And that's that's the deal. And that's how it"*
+>
+> ***Wes: "****That is exactly how it works. It is a way when you think about it to take the company over. Over the years, we've done 20 of these cases and and so and we're getting ready to file a couple more, we just found one in the southern district as you know the Harrington case. Basically, it is a way to either destroy the company and bury the dead bodies that the stock certificates that don't exist, or it's a way to steal the technology. I've seen it both ways. If they really like your technology, they will go in and right before the company Totally dies, they'll put it in bankruptcy, buy the assets out of bankruptcy for what they're owed, and go from there. So you're right. Their mission is to start out with 3 million shares and ultimately you owe 100 million shares in order to pay your two and a half million dollars worth of debt."*
+
+Shark's take: This has been ongoing for such a long time that it no longer a new or shocking concept. The process of a naked short company takedown is well documented, and understood. They'll drag the company into significant debt before killing it off.
+
+> ***Dave: "****So I think there are two things that I've seen on the on the subreddit, consistently, and that I think, you know, might be of interest to dive a little deeper into. And so, you know, we've talked about this a lot, and we've thrown the terms around today. But maybe, maybe it would be great to get a little deeper into it, which is the idea of synthetic shares and, and failures, right. And so maybe if you if you don't mind just going a little deeper into that dynamic. You know, what is that mechanism that that that these firms are using to create these synthetic shares? And what have you seen in the past?"*
+>
+> *Wes: "Yeah, and again, I'm going to qualify that my answer, but to make it clear that I'm only using what's in the regulatory actions and out in the public marketplace, because again, I can't use any particular from a specific case. What I'm seeing is, is the creation of futuristic instruments. They've been called rehypothecation instruments they've been called repost certificates. They've been called putting a put in a call together. They've been called reverse conversions. There's many fancy names for them, but I call them I call them the Popeye and Whitby principle, okay. It's like, give me the hamburger today, and I'll pay you next Wednesday. Okay, except next Wednesday, incidentally, never comes okay. So So ultimately, you know, that principle needs to not be allowed because ultimately it culminates in the dissemination of false information. it culminates in that false information comes in several places. David's a great question you pose. Number one, they'll show it to the compliance department because Don't forget, each one of these firms has a compliance department. And that compliance department gets a knock on the door from the regulator or from the auditor that says, hey, what about this Charlie or Sally? And ultimately say, Oh, we got to fix that. Okay. And so they go to the broker and say, What Is this okay? Because Don't forget The proprietary trading desk is a whole section of that firm, there are traders that do nothing, but do prop trading. And so ultimately, they then say, well, we got to, we got to figure this out. So they'll go create this, you know, as to members in the conspiracy that puts in the calls. Or if they're short, they'll get a friend of theirs to sell them a bunch of shares, which, incidentally, are short also, but they'll mark them long. So guess what happens when they when the naked short seller is has this contingent liability on the brokerage firms books, he calls a buddy sell me some long shares, he sells in the long shares, well, that that cancels out net, magically, the number of long shares he got sold, netted out his his naked short to zero, he's he's all good, until the compliance guy comes knocking again. So the mission is to kick the can down the road kick the can down the road. So basically, you know, at the end of the day, it's creating a futuristic instrument it to to, you know, deal with the option market, the repossession or repo? hapa, hapa, rehypothecation. market. And anything else that is a futures contract? It's basically a futures contract to do something, in some form representative of shares that never gets consummated."*
+
+Shark's take: We start venturing into the concept of rehypothecation when we enter into the realm of naked short selling. Of course these "synthetic shares" must be coming from somewhere. Wes confirms that the goal for these naked shorters is to keep kicking the can down the road infinitely. Short hedge funds just keep saying "I'll pay you next Wednesday" and continue saying it every week. Eventually the company gets killed off in this process as this can take months/years. With everything that's happening now, we hope it'll spur change.
+
+-----------------------------------------------------------------------------
+
+AMA With Dr. Trimbath
+
+-----------------------------------------------------------------------------
+
+Dr. Trimbath has been an incredible ally to the ape initiative;
+
+A quick blurb about her incredible work:
+
+> *" Susanne Trimbath holds a Ph.D. in Economics from New York University and received her MBA from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She previously served as a manager in operations at Depository Trust Company in New York and the Pacific Clearing Corporation in San Francisco; she started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. In 2009, she was certified to teach in the distance-learning environment by both Bellevue University (Nebraska) and University of Liverpool (UK, by Laureate International, Amsterdam). "*
+
+You can watch the AMA [here](https://www.youtube.com/watch?v=fGVY2Kco8ng); I also highly recommend her book called "Naked, Short and Greedy" goes into MUCH deeper detail as to the oversight of what went on at the DTC (Depository Trust Company) during her time there as senior management. This is the same security depository which the stock market sits on. It is a large component of how naked shorting is allowed to exist in the current landscape.
+
+Fellow mod [u/atobitt](https://www.reddit.com/u/atobitt/) did a fantastic write up on the very topic of how the DTC has allowed this mess to happen in the first place. Highly recommend reading through his "[A House of Cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)" series.
+
+[![r/Superstonk - Everything Superstonk Knows About Naked Shorting - A Definitive Guide](https://preview.redd.it/t0q55lyxyh371.png?width=1526&format=png&auto=webp&s=57b0a5dc5081fb925a6e5607e2187181790d6310)](https://preview.redd.it/t0q55lyxyh371.png?width=1526&format=png&auto=webp&s=57b0a5dc5081fb925a6e5607e2187181790d6310)
+
+-----------------------------------------------------------------------------
+
+Other fantastic threads by apes:
+
+-----------------------------------------------------------------------------
+
+-   " [Explain w/ Crayons Series: What is Naked Shorting? Indicators GME is Being Naked Short](https://www.reddit.com/r/Superstonk/comments/nk40b6/explain_w_crayons_series_what_is_naked_shorting/) " by [u/AaronJamesArq](https://www.reddit.com/u/AaronJamesArq/)
+
+    -   Great powerpoint type formatting that quickly and easily explains the concept of naked short selling and how it relates to meme stocks
+
+-   " [The naked shorting scam revealed: lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) " by [u/broccaaaa](https://www.reddit.com/u/broccaaaa/)
+
+    -   Amazing deepdive into how the naked short selling scam may work with some intensive mathematical research done around the topic.
+
+-   " [Reason why they didn't speak about naked shorting](https://www.reddit.com/r/Superstonk/comments/n6qilq/reason_why_they_didnt_speak_about_naked_shorting/)" by [u/Badgerv12](https://www.reddit.com/u/Badgerv12/)
+
+    -   Further proving why a slip up on news stations may be important. It's one of the first few times it's heard from MSM them confirming the concept.
+
+-   " [This is HUGE NEWS: Investment Banking Company Jefferies suspends short sells and naked shorts on $GME](https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/) " by [u/FDAz](https://www.reddit.com/u/FDAz/)
+
+    -   News suggesting that multiple financial institutions trying to potentially control the naked shorting issue.
+
+-   " [Naked Short Sellers have set our cancer research back decades from their abusive short selling.](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/) " by [u/phoenixfenix](https://www.reddit.com/u/phoenixfenix/)
+
+    -   The ugly reality of naked short selling and just how damaging it has been to the world historically.
+
+-   " [ELINA (Explain Like I'm Not Ape)](https://www.reddit.com/r/Superstonk/comments/mwylrj/elina_explain_like_im_not_ape/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) " by [u/writerofjots](https://www.reddit.com/u/writerofjots/)
+
+    -   In-case you're still REALLY confused, this one does a good job breaking it down into the barebones.
+
+Just to echo my statement on the daily thread, the mod team will be removing any further content referring to the reporter or the news station in question at this time to make room for the excellent research you all do. I urge you all to rely on your humanity (apemanity?) when discussing this further.
+
+Please remember that the reporter is an individual as well; whether intentional or not, they should not be harassed. This paints a very negative image on the apes, and we're better than that.
+
+Please feel free to retweet my post to get superstonk's voice out there! <https://twitter.com/u_sharkbaitlol/status/1401233432060076032>
+
+With that being said, stay excellent to each other and stay hungry.

DD/Where-Are-the-Shares-by-leavemeanon/2021-06-05-A-Beginners-Guide-to-Hiding-100-Million-FTDs.md

@@ -0,0 +1,412 @@
+# WHERE ARE THE SHARES?? A Beginner's Guide to Hiding 100 Million FTDs - (FINAL)
+
+---
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsuf5l/where_are_the_shares_a_beginners_guide_to_hiding/) | 
+
+---
+
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+## TLDR:
+
+The system is rigged in favor of HFT firms. Because computers are really good at finding derivatives for cheap to hedge sales for profit, naked short selling is no longer *part* of the system, it is the system, short term, over and over and over. What we're seeing might be the product, and possibly the unraveling - of that system.
+
+Man that was melodramatic. Hey, I wouldn't believe me either, to be fair. I still really don't believe it.
+
+//
+
+Acronym Index and Glossary
+
+*Because I wish the SEC would include these, for the Fed if nothing else...*
+
+ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) -
+
+This is a more detailed explanation than the rest, because ETFs are *incredibly* important to understand.
+
+An *Exchange-Traded-Fund* is a fund who's portfolio holdings is represented and traded on open exchanges via shares of the fund: ETF shares. Simply put, ETFs are hybrids between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. The fund's portfolio is typically designed to track some index or sector. Thus, an investor with some opinion about the ETF's portfolio can trade the ETF shares to eliminate some of the risks involved in trading single equities.
+
+The *price* of ETF shares is determined at market value, based on their trading in the market - like any equity stock. The *value* of ETF shares is called their NAV, and when NAV differs from price (which is always true in some ETF, somewhere in the world), a profit opportunity exists via arbitrage (see [Chapter 1 for more](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf).
+
+ETFs also provide a source of dynamic liquidity in the markets. This is because Authorized Participants (APs), acting as 'referees', oversee the markets and allocate supply to meet demand. APs are authorized to *create/redeem* ETF shares *with/for* representations of the ETF's portfolio. This mechanism is integral to liquidity provision, and helps align ETF share prices with their NAV.
+
+The "creation/redemption" mechanism mentioned above is the bridge between *ETF shares*, "*liquidity*", and *particular securities*.
+
+NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Functionally, for ETFs, the NAV is the value of the fund's portfolio, and because ETFs are only rebalanced a few times yearly, the *market price* of shares trading on open exchanges often differ from the NAV of those shares.
+
+FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. FTDs should be rare, because they can build up and cause systemic issues, [as Patrick Byrne explains](https://youtu.be/I0WXg5T3cBE).
+
+AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)...." APs include Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, and Citadel Securities. [BlackRock describes](https://youtu.be/iX7fOx5G40A) APs as referees, monitoring markets to allocate demand to meet supply - resulting in better liquidity and decreased volatility.
+
+MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. The are similar to APs in that they both monitor markets and ensure trades have counter-parties, however, the MM acts as a primary source of the APs information - MMs quote bid/ask spreads, and APs react to these spreads (in real time). This allows the MM to have more direct access to (and influence over) bid/ask quotes in their particular markets, however they rely on the AP to provide market liquidity via ETF creation/redemption.
+
+HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. High-frequency-trading is characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial." This is *how* MMs and APs profit from volume, HFT algorithms scan for arbitrage opportunities.
+
+//
+
+Preface
+
+First of all and for the record, this ape loves his country 🇺🇸. I have no doubt that some apes love their's more, and I'd say that's awesome. I'd probable even say *c'est bonne* (and be rightfully mocked)
+
+It's *because* I love my country, that I am concerned. Deeply.
+
+And despite the fact that my *entire* understanding of the financial system is merely 6 months old and limited to what I can find online - there are much older, much wiser, and much warier opinions than mine. Tendies or not, I absolutely do not wish for disaster or advocate wishing for disaster. I hodl for the same reason I originally bought - I like the stock.
+
+Secondly, I really don't advocate for *anything* except using your own brain, shiny or not, to come to your own conclusions. None of this, including my other posts/comments, is financial advice or intended to be defamatory in any way.
+
+This series is essentially a brain-dump - resulting from my attempts to identify what the hell, *exactly*, has been going since January.
+
+*Why listen to me?* - You shouldn't. Not at face value at least. I have no special insight nor expertise. I like logic and puzzles. That's all.
+
+I may have gone wrong here, way way off even - I'm just not exactly sure how. *insert Michael Burry - 'Big Short' quote* So if you find holes to punch, *please*, punch away. We're all learning here. And frankly, in many ways, I'd love to be wrong on this.
+
+//
+
+Chapter 3: The Machine
+
+Where we Stand
+
+[Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dove into ETFs, and the ever-growing role they play in market liquidity. In principal, the relationship between ETFs/underlying securities is like a hydraulics system. Securities have some of their supply distributed in various ETFs, and the buying pressures in these different markets are the pistons *squeezing* their respective market's liquid. As pressure (demand) builds in a given market, APs can dial pressure up in the ETF markets to force liquid wherever it's needed. *APs can only add pressure.* They cannot reduce buying pressure, except indirectly by providing supply.
+
+This *pressure control* system is vial to keeping markets at bay and keeping ETFs aligned with their NAV. Overall, these are good things.
+
+Chapter One explained the *mechanism* behind that *pressure control* system, and how APs profit from it through arbitrage: if there are price discrepancies between ETF shares and their underlying, APs are profiting on it.
+
+[Chapter Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) looked at options trading and its role in hedging. Both equites and options have Market Makers that hedge their sales with options, and I mentioned the fact that options create "synthetic positions" that mimic the returns of some other position. This creates yet another arbitrage opportunity, as price discrepancies in the synthetic positions and their *analogs* can be profitable.
+
+A few apes mentioned in chapters [One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that a certain... (*don't say je ne sais qoui, don't say je ne sais quoi*...) 'something' was missing. Like trying beer for the first time and it's flat. I'm sure others knew what I was hinting at, and I'm sorry if it felt like I was pandering. I'm going for *no ape left behind*, and I think the overall machine is far better understood in light of it's inner workings.
+
+//
+
+Je Ne Sais Quoi
+
+Okay all five question words let's go -
+
+*Who?*
+
+Citadel, *en masse*: an Authorized Participant, Market Maker, Broker Dealer, Hedge Fund, and probably a dozen other things.
+
+*What?*
+
+Wallstreet's God. Naturally, they adopted the triumvirate of Father Fed, the many (some prodigal) Sons, and the Holy Ghost of Liquidity - always there in the background to fill your purchase orders. Yeah, Citadel accounts for close to half of that Liquid Holy Ghost.
+
+*When?*
+
+For the last 5 years at least, but particularly in January 2021, and *specifically* on January 27th. Ken stated in the [Congressional Hearing](https://youtu.be/lxdp-wU3UZI) that, "on Wednesday, January 27, we executed 7.4 billion shares for retail investors."
+
+*Where?*
+
+Primarily on RobinHood, I'd imagine. At first, at least. Then, a few nanoseconds later, processed through Citadel's network of black boxes to find a better price than you, then sell to you.
+
+*How?*
+
+THIS is why I started with the boring details.
+
+I get to skip this part. Arbitrage is how. Via ETF, forced hedging, all those ways we went through
+
+now for the coolest, most ignored question word
+
+//
+
+Why?
+
+( With a splash of how? )
+
+Arbitrage is great, but it has one major problem. It doesn't make very much money, *per trade*. You're only netting small differences, because these arbitrage trades *should* be for equal things. The only reason arbitrage works is because of inefficiencies in pricing. This is where arbitrage meets its best friend: High Frequency Trading.
+
+[Investopedia](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) includes four types of arbitrage among the 6 listed money-making strategies, one of which is *volatility* arbitrage. I think Ken said it in the Congressional Hearing, but I'm not sure -
+
+HFT firms make SIGNIFICANTLY more money in VOLATILE markets.
+
+I mean I can't believe I have to point this out, someone must be saying something, but this creates a CLEAR CONFLICT OF INTEREST when the HFT firm is an Authorized Participant.
+
+*Why?* because, APs CONTROL THE LIQUIDITY in the ETF market, and, indirectly, the markets of the underlying securities.
+
+Maximum volatility = maximum profit per arbitrage trade = *$$$$$$$$* for HFT/AP firms
+
+It's a simple move and I mean - just pick a couple of GME's ETFs and look at ownership since 2015, I'd guess it's up 500% on average, probably more. Whether this was natural (as underlying price decreased) or intentional, I don't know. *But*, if there happens to be both 1) more volume in the underlying than in the ETF and 2) underlying NAVs consistently dropping lower than ETF price, APs have an opportunity for massive profit.
+
+So to earn that $200m bonus, you look for an ETF with *just* the right blend of wimpy and popular. Then have your trading firm buy ETF all day, or turn the AP's "gobble ETF shares" dial up a few notches, maybe tell your buddies how cool the fund is, anything you can to increase buying in the ETF. AP is *required* to siphon supply from the underlying to meet the ETF demand.
+
+Easy. Done.
+
+Over time, your own ETF buying increases the price of your own holdings. And these are *funds*, they're meant to be stable. And many of them are illiquid - so when ETF buyers show up, APs likely *need* to siphon underlying shares. All this *siphoning* makes the underlying more volatile, so when you're responsible for putting the shares back to meet demand, you can take your sweet time and suck as much money as possible from regular investors. Every millisecond counts.
+
+And as long as you keep buying ETF, or convincing someone to buy ETF, after each ETF rebalancing, the ETF inflation will dictate that ETF price is higher than NAV, *forcing* you, as an AP, to buy underlying until they equate (then maybe you buy again). I think you can see how this quickly becomes a vicious cycle.
+
+Do I sound crazy yet? Oh, *long time ago?* I know, I've felt crazy for weeks. I cannot prove that this happens, I can only say that the system exists such that it is possible, and very profitable. And frankly it's very likely that the cycle is a natural byproduct of increasing interest in ETFs. Whether or not it's intentional:
+
+"ETFs have grown to $131.2 billion in assets under management by 2016, up from only $3.9 billion in 2007 representing a growth rate of 3300% over ten years."
+
+That information is remarkably hard to find, but [this Harvard paper](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf) mentioned it.
+
+Oh wait, lol no it's not hard to find - [Statista (not sure if reliable but looks legit)](https://www.statista.com/topics/2365/exchange-traded-funds/#:~:text=The%20assets%20under%20management%20%28AUM%29%20of%20global%20ETFs,5.6%20trillion%20U.S.%20dollars%20of%20the%20global%20total.) reported -
+
+"he assets under management (AUM) of global ETFs increased from 417 billion U.S. dollars in 2005 to over 7.7 trillion U.S. dollars in 2020. The regional distribution of the AUM of ETFs was heavily skewed towards North America, which accounted for around 5.6 trillion U.S. dollars of the global total."
+
+Holy Liquidity Mother of Fed, that is a f*cking ton money. 5.6 TRILLION DOLLARS worth of North American stocks trading instead in ETFs. *All that illiquidity, all that volatility...* see what I mean?
+
+//
+
+GameStop, The Machine, and The House of Cards
+
+I took some Philosophy in college. Non-metaphorically, even. And if you've ever taken a Philosophy class, you've likely asked yourself why everyone in it thinks everything has to be an argument all the time.
+
+Well, as I would for my apes, I'll stand up for my fellow philosophers by saying that sometimes - and *particularly* when you don't know what the hell you're talking about - the safest way to move forward is to:
+
+First, break things down into facts, or get as close as possible.
+
+(Descartes currently holds the record at one... though, naturally, it's disputed. Getting all the way to 0 earns you a clinical diagnosis, and trying to prove it earns you *at least* one more, and possibly a PhD)
+
+Then, use logic, as best as you can, to propose *new facts* based on the old facts. They call these new facts 'conclusions', I think. Or 'heresy', maybe, depending.
+
+The *goal* of an argument, formally, is to reach a valid conclusion. The *utility* of these conclusions is... something non-philosophers bother with.
+
+Valid conclusions are reached by using facts and logic mathematically. If the facts are verifiable and the logic is sound, the conclusion is valid.
+
+So why is everyone always arguing? Philosophers, a significant portion of college kids, and, ironically, HFT algorithms, *think* in the structure of argument.
+
+Alright lets try one -
+
+//
+
+Facts
+
+Quotes [directly from the SEC](https://www.sec.gov/investor/pubs/regsho.htm) :
+
+"Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand or to hedge the risk of a long position in the same security or a related security."
+
+and how *should* this done?
+
+"Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender."
+
+and if, say, there are no shares to borrow anymore, where else can shares be found?
+
+"In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail")."
+
+and, um, *why* is that legal?
+
+*(try not to read this in Ken G's voice from the first congressional GameStop hearing btw... If you don't remember how it sounded, its eerily similar to Michael Scott - but really nasal like Steve has a terrible cold, and choppy like he's short circuiting from the cognitive dissonance.)*
+
+"There may be legitimate reasons for a failure to deliver. For example...delays can result from transferring securities in physical certificateobsolete ... A fail may also result from "naked" short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives."
+
+""Naked" short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, "naked" short selling contributes to market liquidity. For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time. "
+
+Speaking of the hearing, here's another fact: Ken stated in the Congressional Hearing that, "on Wednesday, January 27, we (Citadel) executed 7.4 billion shares on behalf of retail investors. To put this into perspective, on that day, Citadel Securities cleared more trades for retail investors than the entire average daily volume of the entire US equities market in 2019."
+
+I shit you not, [at 24:35](https://youtu.be/lxdp-wU3UZI).
+
+He also said, "During the frenzied period of retail trading, Citadel Securities was able to provide continuous liquidity every minute of every trading day. When others were unable... or willing to meet the demand, Citadel Securities was there. I could not be more proud of our team."
+
+//
+
+Logic
+
+If demand for a particular security *rapidly* increases, the AP, or some AP, must provide (as I've quoted a few times now) liquidity to meet that demand, even though the demand was for a *particular security*.
+
+If supply is lacking in a *particular security*, APs have a responsibility to provide it. Throughout January 2021 and *particularly* on the 27th, there was unprecedented volume -
+
+whether this was shorts covering, regular retail trading, apes gobbling GME pacman style, some of which are among the thousands of high schoolers with pandemic stimulus money and almost nothing to spend it on except a free iPhone app that lets them buy cool stocks they saw online like a video game at zero commission -
+
+all of that buying pressure - much of which was heavily skewed toward a few dozen securities, likely required unprecedented liquidity in those *particular securities.*
+
+As beaten to death at this point, ETF redemption and hedging are ways of turning "liquidity" into *particular securities*.
+
+To take full advantage of *both* of those, it helps to be an Authorized Participant *and* a Market Maker in the markets in question.
+
+//
+
+Facts, again, but with some logic too
+
+Directly from [Citadel's Website](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/) -
+
+"Citadel Securities is a leading market maker to the world's institutions and broker-dealer firms. Our automated equities platform trades approximately 26% of U.S. equities volume....We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker. Citadel Securities acts as a specialist or market maker in more than 3,000 U.S. listed-options names, representing 99% of traded volume, and ranks as a top liquidity provider on the major U.S. options exchanges."
+
+Citadel is a Market Maker *and* an Authorized Participant - capable of capitalizing on liquidity provision *and* hedging responsibilities.
+
+but.. how again, exactly? Like, cash to GME, what's in the middle?
+
+Hedging is the easy part. Well easier to explain at least. 2 options:punintended 1) directly sell short and hedge with some long options position. 2) sell calls / buy puts (as MMs, they can influence these prices and choose which trades to take), and then sell the shares you were forced to hedge with
+
+I'm not *entirely* sure #2 is legal but #1 most definitely is.
+
+Directly selling short is the way to go, though, because you don't increase the buy pressure, whereas hedging would force you to buy then resell.
+
+I really should say: "Directly selling short is the way to go because you get to force the price down, whereas hedging would allow the movement to remain natural."
+
+I've been reading too much of this shit...
+
+Anyway, there's another way to sell without buying, directly forcing the price down: Get the shares from an ETF:
+
+From [BlackRock's iShares IWM prospectus](https://www.ishares.com/us/literature/prospectus/p-ishares-russell-2000-etf-3-31.pdf?stream=reg&product=I-R2000&shareClass=US+Class&documentId=925868%7E926239%7E926348%7E925613%7E925577&iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-russell-2000-etf-3-31.pdf) -
+
+"...the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash, subject to the conditions described below under Creations and Redemptions."
+
+*to the fine print we go*
+
+"A creation transaction, which is subject to acceptance by the Distributor of the Fund, generally takes place when an Authorized Participant deposits into the Fund a designated portfolio of securities, assets or other positions (a "creation basket"), and an amount of cash (including any cash representing the value of substituted securities, assets or other positions), if any, which together approximate the holdings of the Fund in exchange for a specified number of Creation Units."
+
+So if I'm reading that right, [any pile of securities, short sales, derivates, or cash] = [ETF shares]...
+
+And, of course, it works backward as well:
+
+"Similarly, shares can be redeemed only in Creation Units, generally for a designated portfolio of securities, assets or other positions (a "redemption basket") held by the Fund and an amount of cash (including any portion of such securities for which cash may be substituted)."
+
+So *actually* -
+
+[any pile of securities, short sales, derivates, or cash] = [ETF shares] = [Underlying Shares]
+
+Oh, and to reiterate from the first post:
+
+"To the extent the Fund engages in in-kind transactions, the Fund intends to comply with the U.S. federal securities laws in accepting securities for deposit and satisfying redemptions with redemption securities by, among other means, assuring that any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933..."
+
+So, naturally, they don't have to report these shares.
+
+You should really skim through that IWM prospectus. Especially the 'Creation and Redemption' section.
+
+And, obviously, no physical shares are being exchanged - it's all data. Specifically, the ETF issuer treats the deposits as "redemption credits", basically looking at the 'asset/cash' pile and saying - *can't tell if that's ETF or underlying, so we'll just say it's both*. So if the AP prefers the underlying (to meet demand there), ETF issuer returns so called ["redemption credits"](https://www.sec.gov/rules/sro/nscc/2017/34-82193.pdf) for the asset/cash deposit, and these trade just like real shares.
+
+Why doesn't the ETF just use the shares it owns? Well maybe because redemption credits are written against taxes, but probably because the fund already lent all of its real shares. A couple times. Each. That's what they do.
+
+and these "redemption credits" are used cumulatively for tax write-offs, so they are tracked somehow. Not reported of course, and there's a little blurb in the IWM prospectus that says something like "we've elected to not adopt an automated regulation system for the creation/redemption deposits..."
+
+Oh wait, here it is -
+
+"The Board has adopted a policy of not monitoring for frequent purchases and redemptions of Fund shares ("frequent trading") that appear to attempt to take advantage of a potential arbitrage opportunity presented by a lag between a change in the value of the Fund's portfolio securities after the close of the primary markets for the Fund's portfolio securities and the reflection of that change in the Fund's NAV ("market timing"), because the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash..."
+
+Unbelievable.
+
+so the only intermediaries between infinite derivative/cash deposits and infinite liquidity is 1) the algo's ability to find a synthetic that's cheaper than the shares (arbitrage) within 3 days (or 4 in 2018, or 6 in 2020, but really the max has always been 35 days...) and 2) blessing of the Distributor, BlackRock, who doesn't monitor this activity, and 3) the custodian's stamp of approval.
+
+*Who* is that custodian, sweeping up garbage and reporting the load to BlackRock?
+
+State Street.
+
+Seriously. I felt like someone was just messing with me when I read all this.
+
+(( The very *existence* of this mechanism depicts the chasm between Wall Street and the public. They would say it improves liquidity and decreases volatility. I would say it's potentially manipulative, potentially *deflationary* to underlying securities, and I'd argue that [it's actually major culprit in liquidity issues](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf). Which isn't so surprising since it's the very mechanism siphoning liquidity away in the first place. ))
+
+//
+
+GameStop, for real this time
+
+So after *all that* - this next part, uh... this might be a little awkward, but.. back to those 7.4 billion shares Citadel executed for *retail investors alone* on a single freaking day. Do you remember the price increases of some *particular securities* that were sold?? Can you imagine filling all of those buy orders?
+
+Probably not, and I don't know if Ken did, either. Remember, this is the system, or roughly half of it. This is where your trades go, and how the system is *designed* to react.
+
+The *other* half would be the other APs. JP, GS, you know the crew. The ones that all reported ownership of GME's ETFs in the last few months.
+
+Why is that relevant? Well, as GME buying pressure goes up, APs need ETF to redeem. So the buying pressure in ETFs goes up but *uh oh* - who's selling the ETF? Some of them are pretty illiquid to begin with, so which AP bites the bullet, and shorts the ETF?
+
+That'd be the one that didn't report buying them. Because they can't. Citadel Securities LLC.
+
+I'm probably just seeing things, but those 13F filings, to me, say *Wasn't me!* To me, they may as well be fingers pointing at Ken.
+
+Now, I have absolutely no idea *why* Ken bit the bullet in January. It could be that the technology netting him half of retail's trades, possibly their risk profiles, and the capability of that technology to generate the liquidity provided to *literally* keep the system from collapsing - it is possible that their technology may have been uniquely capable of handling the demand.
+
+It is also possible that all of the APs and Market Makers share pieces of the GME debt-*gâteau*.
+
+I believe based on, well, the above and the work of [u/atobitt](https://www.reddit.com/u/atobitt/), Wes Christian and the like, that the true answer is some combination of those two and the following -
+
+//
+
+Guesses, as educated as I can make them
+
+It is likely that GameStop has been aggressively sold short for many years - particularly since 2014. And as the ETF market grew from $100 billion to $5.6 Trillion in assets, I'd argue that ETF creation/redemption, intentionally or not, facilitated this process.
+
+Remember the ETF gobble/profit cycle I mentioned earlier? Maybe, and this is just a guess, this is some part of the "distribution" BlackRock is referring to in IWM's prospectus -
+
+"Because new shares may be created and issued on an ongoing basis, at any point during the life of the Fund a "distribution," as such term is used in the 1933 Act, may be occurring."
+
+Well, that gobble/profit cycle would *love* for Hedge Funds and other firms to short sell GME, right? Price goes down, you get to make more ETF. It feeds directly into the cycle.
+
+So, in my worthless opinion, I think there's a significant possibility that many firms were short GME for many years, then ETFs came along, allowing APs to get in on the action, then HFT came along and combined a targeted short attack with a arguably dodgy, yet profitable trading tool and "accidentally" created a massive ocean of rolling FTDs, ...
+
+Yes that sounds crazy. But I'm not pulling that out of thin air. I remember even MarketWatch said GME had over 60 million shares short on January 15, and I went through like 10 ways to skirt reporting. Look at the ETF growth: $4 billion in 2007 to $7.7 trillion last year. That's over 192,000%. 15,000% a year on average.
+
+Honestly, from everything I read, naked short selling is the primary route of HFT liquidity. That's terrifying because these are just computers programmed within certain parameters, but I think that's *why* naked short selling is the go-to: these things don't locate, it's far simpler and far faster to just sell now and use the 35 day settlement cycle to look for a cheaper long synthetic position to hedge with.
+
+And when the delivery day comes, they do it again, and again, and again, because they're coded to look for profits, to *make money*, and I don't know if there's a parameter than accounts for all the shares sold, trading, and collateralized on the books with derivatives that build up over time as excess supply.
+
+I could go on and on.. how spikes in GME FTD volume are perfectly in between those of its ETFs. How the spikes in options OI also line up perfectly. Or how creation baskets can even be "custom" and just theoretically be 50,000 GME's. It doesn't matter, the bottom line is - it's a mess.
+
+*So why hasn't BlackRock laid the hammer? And who even gets the hammer?*
+
+actually, I'll let BlackRock tell you,
+
+"Close-Out Risk for Qualified Financial Contracts.
+
+Regulations adopted by global prudential regulators that are now in effect require counterparties that are part of U.S. or foreign global systemically important banking organizations to include contractual restrictions on close-out and cross-default in agreements relating to qualified financial contracts."
+
+note - "contractual restrictions", not "restrictive contracts"
+
+they restricted from forcing the close-outs.
+
+"Qualified financial contracts include agreements relating to swaps, currency forwards and other derivatives as well as repurchase agreements and securities lending agreements."
+
+"The restrictions prevent the Fund from closing out a qualified financial contract during a specified time period..."
+
+So they can't even touch the hammer. In favor of -
+
+"Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory underwriters subject to the prospectus delivery and liability provisions of the 1933 Act."
+
+So it's the *underwriters* that are *underwater*.
+
+❤️
+
+Oh and the buyers of that underwritten pile get the hammer too.
+
+"Broker-dealers...that are part of an "unsold allotment"...would be unable to take advantage of the prospectus delivery exemption..."
+
+//
+
+If you're learning all of this for the first time, *shit*, honestly I can't imagine it. Like I said in the first post, it's taken me months to put all of this together - and I've felt crazier by the week. Maybe I'm missing something huge here, but 5.6 Trillion dollars is a lot of dollars, so this ETF thing seems kind of important. And really, I think I just needed to get it out of my brain and into words.
+
+and make no mistake, there were 1 billion GME shares traded in the January run up. Idk if the original shorts were able to actually cover *anything*, but even if they *did* - those buy orders were filled with short sales all the way up, just like the system was coded to do.
+
+Almost $500 billion in GME was sold in January. Of all the *concentrated*,*particular stocks* in January's madness - GME sold the highest dollar amount by $496 billion. Second was AMC, at $4b. AMC has since surpassed its January peak by over 350%. Just saying.
+
+//
+
+3 tiny little things before I go...
+
+First, this overall explanation of the market does a great job of explaining similar price movements we see in multiple stocks. In the face of HFT algos naked short selling possibly *billions* of shares in a single day, we see multiple prices move along the FTD cycles.
+
+First and a half, it also explains TSLA - the notoriously shorted, Meme Lord/Destroyer-of-Shorts owned recipient of a 800% run since 2020. TSLA traded over 6 billion shares in early 2020 between $70-$140. It proceeded to reach $800 the following year.
+
+Second, it also connects the treasury markets - because as [u/atobitt](https://www.reddit.com/u/atobitt/) explained, the 10-20 year treasury bonds are the preferred collateral of the Repo Market, the largest and most liquid market on the planet (I think). AP buys (or otherwise obtains) treasury ETF shares, redeems them for bonds, and go to the Repo Market. *voila* cash to do everything I just described.
+
+Second-and-a-half, Michael Burry shorted a 20 year treasury ETF for like 500mil I think. TLT.
+
+Last thing - IWM rebalances every February, May, August, and November. If you look at GME toward the ends of months, price and volume tend to increase. Which is weird, since GME has been in increasing in price since last November.
+
+While increasing, you'd expect the ETF to be redeemed for shares (ownership decreases), and if the price in February greater than in November (it was, $15 to $50, and $15 may have been what they were shooting for...), then the ETF should have to sell GME shares to maintain its proportions.
+
+So why is GME's price going up while its ETFs are selling shares?
+
+Dr. Burry, again, comes to mind. Remember when he sold in October, and it took his brokers weeks to find his shares? If an ETF needs to sell shares to maintain the portfolio, but previously lent all its shares, it needs to recall enough shares to meet the sale. And if the shares were borrowed and re-borrowed and re-borrowed, they'd need bought and rebought and rebought.
+
+GME price, on average, has steadily increased since August. At the end of those months, GME price rapidly goes up further, despite ETF selling. GME went from ~$15-25 in November and then January happened. And the end of February happened.. and May..
+
+//
+
+So, all put together, it almost looks like the shorts tried to cover, failed, almost broke the system by doing it at the same time as everybody else, and now the system that was coded to prevent the MOASS, and was successful, is trying to release all that pressure into *fractions* of the volume that created it.
+
+*There are the shares.*
+
+Naked shorts and derivative collateral and cash covered ETF swaps, maybe buy-writes and married puts too - and when it comes time to cover just do it again, because it's cheaper that way.
+
+And if you need *cash* to do all of this 10 times over to prevent the system from collapsing, formally known around here as the *delaying the MOASS*, maybe you buy treasury ETF for the bonds inside, probably derive some synthetic collateral too, and take the bonds to the Repo market.
+
+Well wouldn't that just make the whole problem worse, now that all of January's volume is gone and the volume is dry?
+
+*That, maybe, is the House of Cards.*
+
+//
+
+If you heard me out and still think it's too crazy, I don't blame you. Thank you for humoring my brain dump. And I hope I didn't offend my French apes, really Idk why I ran with that theme.
+
+HODL 🚀🚀

DD/Where-Are-the-Shares-by-leavemeanon/2021-06-05-Where-Are-the-Shares-Part-II.md

@@ -0,0 +1,194 @@
+RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 2) Resurrected
+==============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) resurrected by [u/VoxUmbra](https://www.reddit.com/user/VoxUmbra/)| [Reddit](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) | 
+
+---
+
+[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+[[Part 1]](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/)
+
+[[Part 3]](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/)
+
+Hi all,
+
+There were a lot of apes in the daily discussion thread wondering why the DD by [/u/leavemeanon](https://www.reddit.com/u/leavemeanon/) was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to <https://camas.github.io/reddit-search>), which I'll be shamelessly reposting as there seems to be some demand:
+
+[![r/Superstonk - RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 2) Resurrected](https://preview.redd.it/pbclog2zbj371.png?width=800&format=png&auto=webp&s=6c8fe49a4a3fb88e4e1fb98b9160acf4c39ef473)](https://preview.redd.it/pbclog2zbj371.png?width=800&format=png&auto=webp&s=6c8fe49a4a3fb88e4e1fb98b9160acf4c39ef473)
+
+So, without further ado:
+
+-----
+
+Acronym Index and Glossary
+
+Because I always wish the SEC included these, for the Fed if nothing else
+
+ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) - Simply put, ETFs are a hybrid between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. For example, SPY is an ETF with a portfolio designed to mimic the S&P 500 index.
+
+NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Regarding ETFs, the NAV is the value of the underlying, as opposed to the trading price of ETF shares.
+
+FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD.
+
+AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)....When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV)."
+
+MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way.
+
+HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds...In addition to the high speed of orders, high-frequency trading is also characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial."
+
+//
+
+TLDR:
+
+Various "financial instruments" can be combined to create *synthetic* positions. These often include options, and, with respect to the positions they aim to "synthesize", they are frequently cheaper and carry the benefit nondisclosure. [This SEC risk alert from 2013](https://www.sec.gov/news/press-release/2013-151) discusses the potential for the combination of 'profit and nondisclosure' to promote dishonest (and possibly fraudulent) bookkeeping. This post discusses these positions, the bookkeeping tricks, how hedging is involved, and how it might all relate to GME.
+
+If you like taking things apart to see how they work, you're in the right place. If you prefer to throw things at the wall to see how they break, the final chapter should be done in a day or two. It's the coolest, imo
+
+A Step Back
+
+This post contains the second of 3 chapters. [Chapter One, on ETF arbitrage](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), discussed AP's crucially important role in supplying market liquidity, their reliance on ETFs to fulfill this role, and the 20 million share tip of the Glacier that merely the *reported* ETF shares outstanding represent.
+
+It was technical and complicated, I know (there were some fantastic questions in the comments, however, so keep em coming). Unfortunately, this post, too, is technical and complicated. And long. Imo, I *have* to start with the boring stuff, because, frankly, the *very fact* that it is so boring is partially what makes it so dangerous. Chapters One and Two examine the moving parts. Chapter 3 will zoom out and look at the whole machine.
+
+To be clear, I am *very intentionally* presenting the information in this specific order - from granular to grand. *Everyone* knows something is wrong when you see smoke, but to truly understand the problem, you *must* try to understand the moving parts. Otherwise, when the machine's owner shows up and says - *ehh, it was steam* - you might go back to work and end up smelling like smoke for 6 months. Or worse.
+
+Keeping that in mind, I hope you stick with me - it will make sense in the end.
+
+//
+
+If you grudged through [Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), hopefully you got a sense of how APs oversee the markets like a referee, moving shares from ETFs into securities (and vice versa) to meet demand wherever it shows up. [This post, by u/made_thisforhelp](https://www.reddit.com/user/made_thisforhelp/comments/nqq7t6/response_to_uleavemeanon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) brilliantly explains this process with a simple example.
+
+APs have a responsibility to meet increases in buying or selling pressure via so-called *liquidity provision* mechanisms, and, "Traditionally, authorized participants are large banks, such as Bank of America (BAC), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS)." - Investopedia.
+
+Citadel Securities, LLC is *also* an AP in many markets, and before discussing them further, I think it's vital to consider them in light of a few important facts -
+
+1)Citadel Securities takes pride in being able to "provide continuous liquidity - every second of every trading day." per their founder. They take this responsibility very seriously, and through arbitrage, it is *extremely* profitable for them.
+
+2)Citadel Securities is among the largest, if not [THE largest](https://www.insidermonkey.com/blog/10-biggest-hft-firms-in-the-world-586528/?singlepage=1) HFT firm in the world. They handle that remarkable volume with lines of code stuffed into black boxes - stacked by the thousands in some data center - monitoring exchanges around the world and trading in microseconds to net pennies on price discrepancies through arbitrage.
+
+3)Liquidity provision (the providing of liquidity) regulations were written by the SEC, and I *highly* doubt that all of the provisions (*and* their amendments) were proposed internally. It is far more likely that big banks (who had watched Citadel do this for years before the SEC gave in and let them have HFT desks) and Citadel suggested the changes be made to improve their *beloved* liquidity power. Naturally, they omitted the 'free money' part.
+
+To be fair, I don't know wether the SEC was complicit with, or ignorant to, the implications that this level of control over liquidity provide. Either way, Citadel is not just Ken standing on a balcony and yelling out trades. A "citadel" is, by definition, a *fortress* - in this case the fortress is some data center. They make money by filling your buy order with a cheaper version of whatever you're buying. That *is* arbitrage: buy low, sell high.
+
+These facts are important to consider in unison. When buyers flood the markets - arbitrage provides a profit opportunity, HFT is designed to seize that opportunity as many times as possible, and the SEC calls that opportunity a *responsibility* in the name of providing liquidity.
+
+In practice, when liquidity is needed, the black boxes monitor markets and look for arbitrage profit opportunities. This is what the black boxes are told to do. My last post discussed one of these opportunities via ETF creation/redemption, and here I discuss another: options.
+
+Chapter Two: Options and Hedges
+
+The 3 Levels
+
+If you read the intro, I apologize for rambling on about Citadel but this is why I did it -
+
+We're about to get down and dirty and it might get dense pretty quick, so while you're flexing that wrinkle try to pretend you are *the eye of Citadel* - an etherial codebender controlling a Market Maker, Authorized Participant, and the biggest, fastest HFT firm on the block - you oversee the markets, create the spreads, and distribute liquidity where its needed - all the while looking for split-second arbitrage opportunities to profit from.
+
+Also some of you apes are probably levels beyond this stuff so read (or not) as you please
+
+Level 1
+
+A single options contract has a value, called a premium, that is derived from the price movements in some security. Options are bets for/against a stock's trading price to reach some strike price by a set expiration date. You can bet it'll go up (call) or you can bet it'll go down (put). Note though - these are *contracts*, not stocks - they have an assigned expiration date and their ownership is bilateral, meaning every contract, until settled, represents open interest between the two parties.
+
+Specifically, a call option is the right to *buy* 100 shares for the strike price and a put option is the right to *sell** 100 shares at the strike price. And because these are contracts, positions can be opened by buying *or* selling a call *or* put.
+
+Those are the four trades in Level 1 of this hierarchy I just made up. Buy/Sell a Call/Put. It's the most innocuous level, yet its important. Consider *selling* a call - the buyer owns the right to buy 100 shares, meaning you have an *obligation* to deliver those 100 shares.
+
+Some traders mitigate the risk of this obligation by "covering the call", leading me to -
+
+Level 2
+
+["Covering a call"](https://www.tastytrade.com/definitions/covered-call) is a hedge against the sale of a call. A simple example to follow will make this smoother -
+
+Call seller (S) simultaneously sells a call for XYZ and buys 100 XYZ shares. This way, S can deliver the 100 shares if the call buyer (B) exercises the call option. If B does *not* exercise the call because the price of XYZ fell, S sells the XYZ he bought to "cover" for a net loss (that is equal to the premium he received for selling the call.
+
+(( Note that the *premium* B payed for the option is calculated such that this "covered call" position is perfectly hedged. ))
+
+In English, options can be hedged with shares. In fact, [delta-gamma hedging](https://www.investopedia.com/terms/d/deltagamma-hedging.asp#:~:text=Delta-gamma%20hedging%20is%20an%20options%20strategy%20that%20combines,refers%20to%20the%20rate%20of%20change%20of%20delta.) is common Market Maker practice.
+
+P.s.) if you've ever heard the term "gamma squeeze", this is what the "gamma" refers to. Rapid call buying forces Market Makers to buy shares to hedge, and the buying pressure forces the price up. P.s.s.) Calls *expiring* ITM/OTM, as far as I understand, shouldn't really matter unless those investors are buying more calls to extend their position, or... the marker maker is a little late on hedging..
+
+Level 2 is the bilaterally hedged option - using (s) to hedge position (L) or vice versa
+
+Buying calls is a long position (L), its bullish. Thus, selling calls is a short position (s).
+
+Conversely,
+
+Buying puts is a short position, its 🌈🐻ish. Thus, selling puts is a long position.
+
+The nature of the options position (L)/(s) determines the nature of its hedge, and the hedge can consist of a (L)/(s) trade in the security *or* the option.
+
+For example, S sells *puts* (L) on XYZ. He can hedge this position by shorting x number of XYZ shares (s), selling XYZ calls (s), or buying XYZ puts. The *degree* of the hedge would depend on the strike prices (or x).
+
+Market Makers are constantly hedging against options trades. Its another responsibility they enjoy. Because, through arbitrage, any trade they're responsible for is a potential profit opportunity.
+
+The essence of hedging is combining a long position with a short position. Well that's pretty broad so let's step it up a notch to -
+
+Level 3
+
+The compound hedges. The synthetic positions. If you're still reading after that last section, I'll just save you the headache on this one.
+
+Just know a few things. Generally, that (L) hedges (s) and vice versa - and (L)/(s) could be any combination of options, equities, etc. Also, "synthetic positions" mimic the risk profile of other positions, and creating a synthetic position is often cheaper than closing a real one.
+
+Oh and one last thing, **[any shares CLOSED FUNDS use for hedging are NOT reported, as of July 1, 2000](https://www.sec.gov/news/press-release/2018-291).
+
+Naturally, it's in the fine print at the bottom. [This article](https://capitalmarkets.lockelord.com/2019/01/02/secs-new-rules-on-hedging-disclosure/) discusses, however:
+
+"The SEC excluded closed-end funds from the requirements of Rule 407(i). It noted that the special structure, regulatory regime and disclosure obligations of registered closed-end funds makes the new disclosure requirements less useful to fund investors."
+
+lol how dare disclosure and regulation made something less useful
+
+"In addition, the SEC noted that the compensation scheme often associated with closed-end funds is either inapplicable to the new disclosure requirements (as shares are not typically a component of incentive-based compensation), or if compensation does occur in the form of shares, it is often difficult to hedge these shares. Thus, Congress' concern about the undermining of the objectives of long-term compensation through hedging is unlikely to be raised in the case of closed-end funds."
+
+Not sure what the "compensation scheme" was/is, but I'd guess it's either [front running](https://www.investopedia.com/terms/f/frontrunning.asp#:~:text=Key%20Takeaways%201%20Front-running%20is%20illegal%20and%20unethical,reasoning%20behind%20it.%20Transparency%20and%20honesty%20are%20key.) with HFT or the arbitrage/liquidity provision stuff.
+
+Oh, and unless the big banks swallow the profit and file their HFT trading desks as separate, closed funds - there's only one big league AP with a closed fund: Citadel Securities.
+
+Here They Are
+
+If, like me, you've lurked on [r/superstonk](https://www.reddit.com/r/superstonk/) for a while, you probably remember seeing some stuff about some weird puts or something. I can't see into the past, but we can try to break things down a little -
+
+[GME options data](https://www.barchart.com/stocks/quotes/GME/options) is.. well, just go look at it.
+
+I've been watching it for a while and I can tell you - there are far more expiration dates (potential contracts) right now than there were 3 weeks ago. The suspicious dates, however, are 7/16 and 1/21/22.
+
+The open interest (OI, total number of contracts yet to be settled) for puts expiring on those two dates is over 650,000. Multiples of other dates.
+
+Even weirder, almost 350k of that OI is at $0.50 and $1.00 strike prices. Those strikes prices don't even exist on any other dates.
+
+*So what can this mean?*
+
+Who tf knows. It is really weird, I'll say. I mean, can those puts even *be* relevant at $0.50?...
+
+//
+
+Well, [this SEC risk alert from 2013](https://www.sec.gov/news/press-release/2013-151) discusses one way they could be. This is highly speculative, but, I think, worth mentioning.
+
+That document discusses two (illegal) practices in regard to covering short positions with options. Buy-Writes and Married-Puts.
+
+Apes sniffed Buy-Writes out pretty quick, which I'd imagine pissed somebody off beyond belief. The Buy-Writes were those deep ITM calls that were executed immediately, and they functionally serve to rent the Market Maker's 35 day FTD extension to some firm that was short.
+
+The FTD settlement dates are reviewed in that document, too - T+3,6 or 35 calendar days. But I just wanna note, directly after a social media avalanche and GME on the news everyday, whoever (Citadel or not), was conducting those Buy-Writes either has titanium balls or is painfully desperate. I mean I found that at the top of the search page.
+
+So Buy-Writes are sneaky-ish and add 35 days, but Married Puts work slightly differently. From what I can tell, they're less honest, harder to prove, and can roll FTD's over indefinitely. Yeah...
+
+To prevent a FTD, a firm buys a put (s) *and* XYZ shares (L) to hedge. The firm uses the XYZ shares to settle the fail, but on the books they're still marked as married to the put. The firm can then sell the shares (again), keep the put, and maintain the short position until the puts expire.
+
+This leaves the put behind, though. So could those 350k cheap puts be *divorced* puts?
+
+I kinda doubt it, but barchart let's you see each contract's price history, and I think it's worth mentioning that over half of those 350k puts at $0.50/$1.00 were purchased between Jan 24 and Feb 2. And these worthless puts *increased* in price by up to 1000% during that time.
+
+That's a lot of demand for worthless puts, and considering the only real function of the *put* in Married-Puts is a placeholder to prevent a FTD - if I were short 100 million GME shares, I might buy as Married-Puts as I can, as cheap as I can, just so I can resell the shares and prevent the losses.
+
+Also, "put options can be extended very cost-effectively. If an investor has a six-month put option on a security with a determined strike price, it can be sold and replaced with a 12-month put option with the same strike price. This strategy can be done repeatedly and is referred to as rolling a put option forward." - [Investopedia](https://www.investopedia.com/articles/optioninvestor/07/affordable-hedging.asp)
+
+For this reason (and this is highly speculative), the high activity on puts at such low, OTM strike prices, could suggest involvement in a larger open position. Possibly a position from years ago, when some group of people thought they could profit from selling 35 million GME shares at 50 cents each.
+
+Honestly I'm not sure, and I don't think it matters all that much.
+
+Don't forget that a share recall sucks everything back in. All the IOUs, the positions rolled forward, the shares re-re-reborrowed...
+
+You know, when I started down this rabbit hole, I thought the best answer to the question would be some complicated formula or 300 page document. I no longer think this. These detailed hiding places show that it's *possible* to hide shares. All I've done is confirm what you already know - they can put shares wherever they please and never tell anyone.
+
+In fact, that *is* liquidity. Credit. Flexibility. That's why, I think, the answer to the problem may have looking us right in the face since January.

DD/Where-Are-the-Shares-by-leavemeanon/2021-06-05-Where-Are-the-Shares-Part-III.md

@@ -0,0 +1,382 @@
+RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 3) Resurrected
+==============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) resurrected by [u/VoxUmbra](https://www.reddit.com/user/VoxUmbra/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) | 
+
+---
+
+[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
+
+[[Part 1]](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/)
+
+[[Part 2]](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/)
+
+Hi all,
+
+There were a lot of apes in the daily discussion thread wondering why the DD by [/u/leavemeanon](https://www.reddit.com/u/leavemeanon/) was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to <https://camas.github.io/reddit-search>), which I'll be shamelessly reposting as there seems to be some demand:
+
+[![r/Superstonk - RIP /u/leavemeanon - WHERE ARE THE SHARES (Part 3) Resurrected](https://preview.redd.it/cac5evmlcj371.png?width=800&format=png&auto=webp&s=167ecf5eb769ad66b6e700dec4c01ab5451f47ef)](https://preview.redd.it/cac5evmlcj371.png?width=800&format=png&auto=webp&s=167ecf5eb769ad66b6e700dec4c01ab5451f47ef)
+
+So, without further ado:
+
+-----
+
+TLDR:
+
+The system is rigged in favor of HFT firms. Because computers are really good at finding derivatives for cheap to hedge sales for profit, naked short selling is no longer *part* of the system, it is the system, short term, over and over and over. What we're seeing might be the product, and possibly the unraveling - of that system.
+
+Man that was melodramatic. Hey, I wouldn't believe me either, to be fair. I still really don't believe it.
+
+//
+
+Acronym Index and Glossary
+
+*Because I wish the SEC would include these, for the Fed if nothing else...*
+
+ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) -
+
+This is a more detailed explanation than the rest, because ETFs are *incredibly* important to understand.
+
+An *Exchange-Traded-Fund* is a fund who's portfolio holdings is represented and traded on open exchanges via shares of the fund: ETF shares. Simply put, ETFs are hybrids between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. The fund's portfolio is typically designed to track some index or sector. Thus, an investor with some opinion about the ETF's portfolio can trade the ETF shares to eliminate some of the risks involved in trading single equities.
+
+The *price* of ETF shares is determined at market value, based on their trading in the market - like any equity stock. The *value* of ETF shares is called their NAV, and when NAV differs from price (which is always true in some ETF, somewhere in the world), a profit opportunity exists via arbitrage (see [Chapter 1 for more](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf).
+
+ETFs also provide a source of dynamic liquidity in the markets. This is because Authorized Participants (APs), acting as 'referees', oversee the markets and allocate supply to meet demand. APs are authorized to *create/redeem* ETF shares *with/for* representations of the ETF's portfolio. This mechanism is integral to liquidity provision, and helps align ETF share prices with their NAV.
+
+The "creation/redemption" mechanism mentioned above is the bridge between *ETF shares*, "*liquidity*", and *particular securities*. For example:
+
+Say demand increases for security XYZ, thus increasing the trading price of XYZ shares. XYZ's increased price might mean that NAV > "trading price" for some ETF containing XYZ. APs, who are are responsible for providing supply of XYZ, can then redeem a "basket" of value equal to 50,000 ETF shares in exchange for 50,000 shares representative of the ETF's portfolio. Only APs are authorized to do this.
+
+Don't let the numbers and letters confuse you, it's simpler than it sounds. For an AP: 50,000 ETF shares = 50,000 individual security shares in *price,* but not in value. When they differ in value, the AP can profit. Of course, the liquidity responsibility ensures that the AP is always buying the cheaper of the two and exchanging for profit. SPY is an ETF with a portfolio designed to mimic the S&P 500 index; XRT is designed to track the retail sector.
+
+NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Functionally, for ETFs, the NAV is the value of the fund's portfolio, and because ETFs are only rebalanced a few times yearly, the *market price* of shares trading on open exchanges often differ from the NAV of those shares.
+
+FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. FTDs should be rare, because they can build up and cause systemic issues, [as Patrick Byrne explains](https://youtu.be/I0WXg5T3cBE).
+
+AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)....When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV)." APs include Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, and Citadel Securities. [BlackRock describes](https://youtu.be/iX7fOx5G40A) APs as referees, monitoring markets to allocate demand to meet supply - resulting in better liquidity and decreased volatility.
+
+MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. The are similar to APs in that they both monitor markets and ensure trades have counter-parties, however, the MM acts as a primary source of the APs information - MMs quote bid/ask spreads, and APs react to these spreads (in real time). This allows the MM to have more direct access to (and influence over) bid/ask quotes in their particular markets, however they rely on the AP to provide market liquidity via ETF creation/redemption.
+
+HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds...In addition to the high speed of orders, high-frequency trading is also characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial." This is *how* MMs and APs profit from volume, HFT algorithms scan for arbitrage opportunities.
+
+OTM/ITM - [Out of the Money / In the Money](https://www.investopedia.com/ask/answers/042715/what-difference-between-money-and-out-money.asp) - ITM/OTM refers to an option's strike price in relation to the underlying's trading price. ITM options hold inherent value (ITM call = strike < trading price; ITM put = strike > trading price). OTM options have no inherent value and expire worthless (OTM call = strike > trading price; OTM put = strike < trading a price). There is also *deep* ITM/OTM. This simply means the option's strike price is relatively *distant* from the underlying's trading price. Options with strikes *near* the underlying's trading price are said to be At-the-Money (ATM).
+
+//
+
+Prior Chapters
+
+[CHAPTER 1: ETF ARBITRAGE](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[CHAPTER 2: OPTIONS AND HEDGES](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+Preface
+
+First of all and for the record, this ape loves his country 🇺🇸. I have no doubt that some apes love their's more, and I'd say that's awesome. I'd probable even say *c'est bonne* (and be rightfully mocked)
+
+It's *because* I love my country, that I am concerned. Deeply.
+
+And despite the fact that my *entire* understanding of the financial system is merely 6 months old and limited to what I can find online - there are much older, much wiser, and much warier opinions than mine. Tendies or not, I absolutely do not wish for disaster or advocate wishing for disaster.
+
+Secondly, I really don't advocate for *anything* except using your own brain, shiny or not, to come to your own conclusions. None of this, including my previous posts/comments, is financial advice or intended to be defamatory in any way.
+
+This series is essentially a brain-dump - resulting from my attempts to identify what the hell, *exactly*, has been going since January.
+
+*Why listen to me?* - You shouldn't. Not at face value at least. I have no special insight nor expertise. I like logic and puzzles. That's all.
+
+I may have gone wrong here, way way off even - I'm just not exactly sure how. *insert Michael Burry - 'Big Short' quote* So if you find holes to punch, *please*, punch away. We're all learning here. And frankly, in many ways, I'd love to be wrong on this.
+
+Chapter 3: The Machine
+
+Where we Stand
+
+[Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dove into ETFs, and the ever-growing role they play in market liquidity. In principal, the relationship between ETFs/underlying securities is like a hydraulics system. Securities have some of their supply distributed in various ETFs, and the buying pressures in these different markets are the pistons *squeezing* their respective market's liquid. As pressure (demand) builds in a given market, APs can dial pressure up in the ETF markets to force liquid wherever it's needed. *APs can only add pressure.* They cannot reduce buying buying pressure, except indirectly by providing supply.
+
+This *pressure control* system is vial to keeping markets at bay and keeping ETFs aligned with their NAV. Overall, these are good things.
+
+Chapter One explained the *mechanism* behind that *pressure control* system, and how APs profit from it through arbitrage: if there are price discrepancies between ETF shares and their underlying, APs are profiting on it.
+
+[Chapter Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) looked at options trading and its role in hedging. Both equites and options have Market Makers that hedge their sales with options, and I mentioned the fact that options create "synthetic positions" that mimic the returns of some other position. This creates yet another arbitrage opportunity, as price discrepancies in the synthetic positions and their *analogs* can be profitable.
+
+A few apes mentioned in chapters [One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that a certain... (*don't say je ne sais qoui, don't say je ne sais quois*...) 'something' was missing. Like trying beer for the first time and it's flat. I'm sure others knew what I was hinting at, and I'm sorry if it felt like I was pandering. I'm going for *no ape left behind*, and I think the overall machine is far better understood in light of it's inner workings.
+
+Je Ne Sais Quois
+
+Okay all five question words let's go -
+
+*Who?*
+
+Citadel, *en masse*: an Authorized Participant, Market Maker, Broker Dealer, Hedge Fund, and probably a dozen other things including (probably) the world's largest HFT firm. They account for [almost 30% of ALL U.S. equities volume and almost half of retail volume](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/). Oh and in 2020 they paid RobinHood (10x more than any other brother) for order flow, buying the rights to clear over 60% of RobinHood's trades. (can't post RH link)
+
+*What?*
+
+Wallstreet's God. Naturally, they adopted the triumvirate of Father Fed, the many (some prodigal) Sons, and the Holy Ghost of Liquidity - always there in the background to fill your purchase orders. Yeah, Citadel accounts for close to half of that Liquid Holy Ghost.
+
+*When?*
+
+For the last 5 years at least, but particularly in January 2021, and *specifically* on January 27th. Ken stated in the [Congressional Hearing](https://youtu.be/lxdp-wU3UZI) that, "on Wednesday, January 27, we executed 7.4 billion shares for retail investors."
+
+*Where?*
+
+Primarily on RobinHood, I'd imagine. At first, at least. Then, a few nanoseconds later, processed through Citadel's network of black boxes to find a better price than you, then sell to you.
+
+*How?*
+
+THIS is why I started with the boring details.
+
+I get to skip this part. Arbitrage is how. Via ETF, forced hedging, all those ways we went through
+
+now for the coolest, most ignored question word
+
+//
+
+Why?
+
+( With a splash of how? )
+
+Arbitrage is great, but it has one major problem. It doesn't make very much money, *per trade*. You're only netting small differences, because these arbitrage trades *should* be for equal things. The only reason arbitrage works is because of inefficiencies in pricing. This is where arbitrage meets its best friend: High Frequency Trading.
+
+[Investopedia](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) includes four types of arbitrage among the 6 listed money-making strategies, one of which is *volatility* arbitrage. I think Ken said it in the Congressional Hearing, but I'm not sure -
+
+HFT firms make SIGNIFICANTLY more money in VOLATILE markets.
+
+I mean I can't believe I have to point this out, someone must be saying something, but this creates a CLEAR CONFLICT OF INTEREST when the HFT firm is an Authorized Participant.
+
+*Why?* because, APs CONTROL THE LIQUIDITY in the ETF market, and, indirectly, the markets of the underlying securities.
+
+Maximum volatility = maximum profit per arbitrage trade = *$$$$$$$$* for HFT/AP firms
+
+It's a simple move and I mean - just pick a couple of GME's ETFs and look at ownership since 2015, I'd guess it's up 500% on average, probably more. Whether this was natural (as underlying price decreased) or intentional, I don't know. *But*, if there happens to be both 1) more volume in the underlying than in the ETF and 2) underlying NAVs consistently dropping lower than ETF price, APs have an opportunity for massive profit.
+
+So to earn that $200m bonus, you look for an ETF with *just* the right blend of wimpy and popular. Then have your trading firm buy ETF all day, or turn the AP's "gobble ETF shares" dial up a few notches, maybe tell your buddies how cool the fund is, anything you can to increase buying in the ETF. AP is *required* to siphon supply from the underlying to meet the ETF demand.
+
+Easy. Done.
+
+Over time, your own ETF buying increases the price of your own holdings. And these are *funds*, they're meant to be stable. And many of them are illiquid - so when ETF buyers show up, APs likely *need* to siphon underlying shares. All this *siphoning* makes the underlying more volatile, so when you're responsible for putting the shares back to meet demand, you can take your sweet time and suck as much money as possible from regular investors. Every millisecond counts.
+
+And as long as you keep buying ETF, or convincing someone to buy ETF, after each ETF rebalancing, the ETF inflation will dictate that ETF > NAV, *forcing* you, as an AP, to buy underlying until they equate (then maybe you buy again). I think you can see how this quickly becomes a vicious cycle.
+
+Do I sound crazy yet? Oh, *long time ago?* I know, I've felt crazy for weeks. I cannot prove that this happens, I can only say that the system exists such that it is possible, and very profitable. And frankly it's very likely that the cycle is a natural byproduct of increasing interest in ETFs. Whether or not it's intentional:
+
+"ETFs have grown to $131.2 billion in assets under management by 2016, up from only $3.9 billion in 2007 representing a growth rate of 3300% over ten years."
+
+That information is remarkably hard to find, but [this Harvard paper](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf) mentioned it.
+
+Oh wait, lol no it's not hard to find - Statista (not sure if reliable but looks legit) reported -
+
+"he assets under management (AUM) of global ETFs increased from 417 billion U.S. dollars in 2005 to over 7.7 trillion U.S. dollars in 2020. The regional distribution of the AUM of ETFs was heavily skewed towards North America, which accounted for around 5.6 trillion U.S. dollars of the global total."
+
+Holy Liquidity Mother of Fed, that is a f*cking ton money. 5.6 TRILLION DOLLARS worth of North American stocks trading instead in ETFs. All that illiquidity, all that volatility...* see what I mean?
+
+//
+
+GameStop, The Machine, and The House of Cards
+
+I took some Philosophy in college. Non-metaphorically, even. And if you've ever taken a Philosophy class, you've likely asked yourself why everyone in it thinks everything has to be an argument all the time.
+
+Well, as I would for my apes, I'll stand up for my fellow philosophers by saying that sometimes - and *particularly* when you don't know what the hell you're talking about - the safest way to move forward is to:
+
+First, break things down into facts, or get as close as possible.
+
+(Descartes currently holds the record at one... though, naturally, it's disputed. Getting all the way to 0 earns you a clinical diagnosis, and trying to prove it earns you *at least* one more, and possibly a PhD)
+
+Then, use logic, as best as you can, to propose *new facts* based on the old facts. They call these new facts 'conclusions', I think. Or 'heresy', maybe, depending.
+
+The *goal* of an argument, formally, is to reach a valid conclusion. The *utility* of these conclusions is... something non-philosophers bother with.
+
+Valid conclusions are reached by using facts and logic mathematically. If the facts are verifiable and the logic is sound, the conclusion is valid.
+
+So why is everyone always arguing? Philosophers, a significant portion of college kids, and, ironically, HFT algorithms, *think* in the structure of argument.
+
+Alright lets try one -
+
+//
+
+Facts
+
+Quotes [directly from the SEC](https://www.sec.gov/investor/pubs/regsho.htm) :
+
+"Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand or to hedge the risk of a long position in the same security or a related security."
+
+and how *should* this done?
+
+"Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender."
+
+and if, say, there are no shares to borrow anymore, where else can shares be found?
+
+"In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail")."
+
+and, um, *why* is that legal?
+
+*(try not to read this in Ken G's voice from the first congressional GameStop hearing btw... If you don't remember how it sounded, its eerily similar to Michael Scott - but really nasal like Steve has a terrible cold, and choppy like he's short circuiting from the cognitive dissonance.)*
+
+"There may be legitimate reasons for a failure to deliver. For example...delays can result from transferring securities in physical certificateobsolete ... A fail may also result from "naked" short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives."
+
+""Naked" short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, "naked" short selling contributes to market liquidity. For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time. "
+
+Speaking of the hearing, here's another fact: Ken stated in the Congressional Hearing that, "on Wednesday, January 27, we (Citadel) executed 7.4 billion shares on behalf of retail investors. To put this into perspective, on that day, Citadel Securities cleared more trades for retail investors than the entire average daily volume of the entire US equities market in 2019."
+
+I shit you not, [at 24:35](https://youtu.be/lxdp-wU3UZI).
+
+He also said, "During the frenzied period of retail trading, Citadel Securities was able to provide continuous liquidity every minute of every trading day. When others were unable... or willing to meet the demand, Citadel Securities was there. I could not be more proud of our team."
+
+//
+
+Logic
+
+If demand for a particular security *rapidly* increases, the AP, or some AP, must provide (as I've quoted a few times now) liquidity to meet that demand, even though the demand was for a *particular security*.
+
+If supply is lacking in a *particular security*, APs have a responsibility to provide it. Throughout January 2021 and *particularly* on the 27th, there was unprecedented volume -
+
+whether this was shorts covering, regular retail trading, apes gobbling GME pacman style, some of which are among the thousands of high schoolers with pandemic stimulus money and almost nothing to spend it on except a free iPhone app that lets them buy cool stocks they saw online like a video game at zero commission -
+
+all of that buying pressure - much of which was heavily skewed toward a few dozen securities, likely required unprecedented liquidity in those *particular securities.*
+
+As beaten to death at this point, ETF redemption and hedging are ways of turning "liquidity" into *particular securities*.
+
+To take full advantage of *both* of those, it helps to be an Authorized Participant *and* a Market Maker in the markets in question.
+
+//
+
+Facts, again, but with some logic too
+
+Directly from [Citadel's Website](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/) -
+
+"Citadel Securities is a leading market maker to the world's institutions and broker-dealer firms. Our automated equities platform trades approximately 26% of U.S. equities volume....We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker. Citadel Securities acts as a specialist or market maker in more than 3,000 U.S. listed-options names, representing 99% of traded volume, and ranks as a top liquidity provider on the major U.S. options exchanges."
+
+Citadel is a Market Maker *and* an Authorized Participant - capable of capitalizing on liquidity provision *and* hedging responsibilities.
+
+but.. how again, exactly? Like, cash to GME, what's in the middle?
+
+Hedging is the easy part. Well easier to explain at least. 2 options:punintended 1) directly sell short and hedge with some long options position. 2) sell calls / buy puts (as MMs, they can influence these prices and choose which trades to take), and then sell the shares you were forced to hedge with
+
+I'm not *entirely* sure #2 is legal but #1 most definitely is.
+
+Directly selling short is the way to go, though, because you don't increase the buy pressure, whereas hedging would force you to buy then resell.
+
+I really should say: "Directly selling short is the way to go because you get to force the price down, whereas hedging would allow the movement to remain natural."
+
+I've been reading too much of this shit...
+
+Anyway, there's another way to sell without buying, directly forcing the price down: Get the shares from an ETF:
+
+From [BlackRock's iShares IWM prospectus](https://www.ishares.com/us/literature/prospectus/p-ishares-russell-2000-etf-3-31.pdf?stream=reg&product=I-R2000&shareClass=US+Class&documentId=925868%7E926239%7E926348%7E925613%7E925577&iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-russell-2000-etf-3-31.pdf) -
+
+"...the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash, subject to the conditions described below under Creations and Redemptions."
+
+*to the fine print we go*
+
+"A creation transaction, which is subject to acceptance by the Distributor of the Fund, generally takes place when an Authorized Participant deposits into the Fund a designated portfolio of securities, assets or other positions (a "creation basket"), and an amount of cash (including any cash representing the value of substituted securities, assets or other positions), if any, which together approximate the holdings of the Fund in exchange for a specified number of Creation Units."
+
+So if I'm reading that right, [any pile of securities, short sales, derivates, or cash] = [ETF shares]...
+
+And, of course, it works backward as well:
+
+"Similarly, shares can be redeemed only in Creation Units, generally for a designated portfolio of securities, assets or other positions (a "redemption basket") held by the Fund and an amount of cash (including any portion of such securities for which cash may be substituted)."
+
+So *actually* -
+
+[any pile of securities, short sales, derivates, or cash] = [ETF shares] = [Underlying Shares]
+
+Oh, and to reiterate from the first post:
+
+"To the extent the Fund engages in in-kind transactions, the Fund intends to comply with the U.S. federal securities laws in accepting securities for deposit and satisfying redemptions with redemption securities by, among other means, assuring that any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). Further, an Authorized Participant that is not a "qualified institutional buyer," as such term is defined in Rule 144A under the 1933 Act, will not be able to receive restricted securities eligible for resale under Rule 144A."
+
+So they don't have to report these shares - that's bad enough. But what's that part at the end? Does that imply the AP's who *are* institutional buyers *can* receive "restricted securities eligible for resale"? How much borrowing do they have to account for *in the prospectus?*
+
+(( The very *existence* of this mechanism depicts the chasm between Wall Street and the public. They would say it improves liquidity and decreases volatility. I would say it's potentially manipulative, potentially *deflationary* to underlying securities, and I'd argue that [it's actually major culprit in liquidity issues](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf). Which isn't so surprising since it's the very mechanism siphoning liquidity away in the first place. ))
+
+//
+
+GameStop, for real this time
+
+So after *all that* - this next part, uh... this might be a little awkward, but.. back to those 7.4 billion shares Citadel executed for *retail investors alone* on a single freaking day. Do you remember the prices increases of some *particular securities* that were sold?? Can you imagine filling all of those buy orders?
+
+Probably not, and I don't know if Ken did, either. Remember, this is the system, or roughly half of it. This is where your trades go, and how the system is *designed* to react.
+
+The *other* half would be the other APs. JP, GS, you know the crew. The ones that all reported ownership of GME's ETFs in the last few months.
+
+Why is that relevant? Well, as GME buying pressure goes up, APs need ETF to redeem. So the buying pressure in ETFs goes up but *uh oh* - who's selling the ETF? Some of them are pretty illiquid to begin with, so which AP bites the bullet, and shorts the ETF?
+
+That'd be the one that didn't report buying them. Because they can't. Citadel Securities LLC.
+
+I'm probably just seeing things, but those 13F filings, to me, say *Wasn't me!* To me, they may as well be fingers pointing at Ken.
+
+Now, I have absolutely no idea *why* Ken bit the bullet in January. It could be that the technology netting him half of retail's trades, possibly their risk profiles, and the capability of that technology to generate the liquidity provided to *literally* keep the system from collapsing - it is possible that their technology may have been uniquely capable of handling the demand.
+
+It is also possible that all of the APs and Market Makers share pieces of the GME debt-*gâteau*.
+
+I believe based on, well, the above and the work of [u/atobitt](https://www.reddit.com/u/atobitt/), Wes Christian and the like, that the true answer is some combination of those two and the following -
+
+//
+
+Guesses, as educated as I can make them
+
+It is likely that GameStop has been aggressively sold short for many years - particularly since 2014. And as the ETF market grew from $100 billion to $5.6 Trillion in assets, I'd argue that ETF creation/redemption, intentionally or not, facilitated this process.
+
+Remember the ETF gobble/profit cycle I mentioned earlier? Maybe, and this is just a guess, this is some part of the "distribution" BlackRock is referring to in IWM's prospectus -
+
+"Because new shares may be created and issued on an ongoing basis, at any point during the life of the Fund a "distribution," as such term is used in the 1933 Act, may be occurring."
+
+Well, that gobble/profit cycle would *love* for Hedge Funds and other firms to short sell GME, right? Price goes down, you get to make more ETF. It feeds directly into the cycle.
+
+So, in my worthless opinion, I think there's a significant possibility that many firms were short GME for many years, then ETFs came along, allowing APs to get in on the action, then HFT came along and combined a targeted short attack with a arguably dodgy, yet profitable trading tool and "accidentally" created a massive ocean of rolling FTDs, ...
+
+Yes that sounds crazy. But I'm not pulling that out of thin air. I remember even MarketWatch said GME had over 60 million shares short on January 15, and I went through like 10 ways to skirt reporting. Look at the ETF growth: $4 billion in 2007 to $7.7 trillion last year. That's over 192,000%.
+
+Honestly, and I mean this *can't* be right... but from everything I read, naked short selling is the clear, primary route of instant liquidity. That's terrifying because these are just computers programmed within certain parameters, but I think that's *why* naked short selling is the go-to: these things don't locate, it's far simpler and far faster to just sell now and use the three day (or 6 day, or 35 day, or *perpetual*) settlement cycle to look for a cheaper long synthetic position to hedge with.
+
+And when the delivery day comes, they do it again, and again, and again, because their coded to look for profits, to *make money*, and I don't know if there's a parameter than accounts for all the shares sold, trading, and collateralized on the books with derivatives that build up over time as excess supply.
+
+I could go on and on.. how spikes in GME FTD volume are perfectly in between those of its ETFs. How the spikes in options OI also line up perfectly. Or how creation baskets can even be "custom" and just theoretically be 50,000 GME's. It doesn't matter, the bottom line is -
+
+actually, I'll let BlackRock tell you,
+
+"Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory underwriters subject to the prospectus delivery and liability provisions of the 1933 Act."
+
+luv u Ryan ❤️
+
+//
+
+If you're learning all of this for the first time, *shit*, honestly I can't imagine it. Like I said in the first post, it's taken me months to put all of this together - and I've felt crazier by the week. Maybe I'm missing something huge here, but 5.6 Trillion dollars is a lot of dollars, so this ETF thing seems kind of important. And really, I think I just needed to get it out of my brain and into words.
+
+and make no mistake, there were 1 billion GME shares traded in the January run up. Idk if the original shorts were able to actually cover *anything*, but even if they *did* - those buy orders were filled with short sales all the way up, just like the system was coded to do.
+
+Almost $500 billion in GME was sold in January. Of all the *concentrated*,*particular stocks* in January's madness - GME sold the highest dollar amount by $496 billion. Second was AMC, at $4b. AMC has since surpassed its January peak by over 350%. Just saying.
+
+//
+
+3 little things before I go...
+
+First, this overall explanation of the market does a great job of explaining similar price movements we see in multiple stocks. In the face of HFT algos naked short selling possibly *billions* of shares in a single day, we see multiple prices move along the FTD cycles.
+
+Second, it also connects the treasury markets - because as [u/atobitt](https://www.reddit.com/u/atobitt/) explained, the 10-20 year treasury bonds are the preferred collateral of the Repo Market, the largest and most liquid market on the planet (I think). One could buy (or otherwise obtain) treasury ETF shares, redeem them for bonds, and go to the Repo Market. *voila* cash to do everything I just described.
+
+Oh and, second-and-a-half, Michael Burry shorted a 20 year treasury ETF for like 500mil I think. TTT. You should check it out.
+
+Last thing - Idk if this is common across ETFs, but IWM rebalances ever February, May, August, and November. If you look at GME toward the ends of months, price and volume tend to increase. Which is weird, since GME has been in increasing in price since last November.
+
+While increasing, you'd expect the ETF to be redeemed for shares (ownership decreases), and if the price in February greater than in November, (it was, and this may have been what they were shooting for.. *sooo close*, kinda, not really), then the ETF should have to sell GME shares to maintain its proportions.
+
+So why is GME's price going up while its ETFs are selling shares?
+
+Dr. Burry, again, comes to mind. Remember when he sold in October, and it took his brokers weeks to find his shares? If an ETF needs to sell shares to maintain its portfolio, but it's lent all its shares, it needs to recall enough shares to meet the sale, and every borrow and re-borrow and re-borrow needs bought and rebought and rebought.
+
+That both explains the run-ups and confirms the shit outta my bias. And don't forget that ETF ownership *increased* since November, so any ETF un-siphoned to meet demand in January and re-siphoned by February. And then some.
+
+So, all put together, it almost looks like the shorts tried to cover, failed, almost broke the system by doing it at the same time as everybody else, and now the system that was coded to prevent the MOASS, and was successful, is trying to release all that pressure at factions of the volume that created it.
+
+*There the shares.*
+
+Naked shorts and derivative collateral and cash covered ETF swaps, maybe married puts too and when it comes time to cover, do it again, because it's cheaper that way.
+
+And if you need cash to do all of this 10 times over to prevent a system collapse, formally known around here as the MOASS, you derive collateral for the treasury ETFs too and make the whole problem worse when now that the sell pressure is gone.
+
+*That, maybe, is the House of Cards.*
+
+//
+
+If you heard me out and still think it's too crazy, I don't blame you. Thank you for humoring my brain dump. And I hope I didn't offend my French apes, really Idk why I ran with that theme.
+
+HODL 🚀🚀

Daily-Synopsis-Archives/2021-06-01-Synopsis.md

@@ -0,0 +1,163 @@
+The Daily Stonk 06-01-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/npq4vp/the_daily_stonk_06012021/) | 
+
+---
+
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66)](https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628)](https://preview.redd.it/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628)
+
+Let's start with the basics once more!
+
+0:00
+
+1:07
+
+VOTE!
+
+Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
+
+Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
+
+Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
+
+<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608)](https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608)
+
+Congrats on the upgrades!
+
+First of all I'd like to start with giving a shout out to two fellow mods, [u/bye_triangle](https://www.reddit.com/u/bye_triangle/) and [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/), as has become normal for us, in the beginning moderators get limited powers (just so we know they're doing a good job etc etc), well both [u/bye_triangle](https://www.reddit.com/u/bye_triangle/) and [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) have gone above and beyond on many occasion and are as of right now full moderators.
+
+[u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) had already made a post announcing this but I just wanted to give these awesome apes a shout out myself and congratulate them <3
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b)](https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b)
+
+Having a friend at a HF is so hot right now....
+
+Gamestop stopped geoblocking their website
+
+As some people over the past week have noticed GameStop has opened up their websites accessibility to worldwide instead of usa only, this is very bullish imo. This because if you look at websites like Amazon they have the same website available everywhere, and the products available change, meaning there is a fairly decent chance we can see a worldwide shift in how they do business.
+
+Gamestop used to be very different from how their German/Australian/Usa/Canadian stores did business, among which there were different names (GameStop, Ebgames, Gamestopzing, etc) so there is a shot they will be looking into unifying these (given the international recognition the brand now has it would be smart), then adding fulfillment centers outperforming Amazon in delivery time, this is a lot but it all starts with a simple website being accessible to everyone.
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e)](https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e)
+
+DTC-2021-005
+
+I just want to remind everyone that this document has been missing for a few months now, it was "offline te be reformatted" due to a "formatting issue", but Gary Gensler has only been working for 7 weeks...
+
+Not a lot of comments here, just making sure (just like other apes on the sub) that this important document doesn't fade into obscurity).
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d)](https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d)
+
+Fud
+
+A clever ape did a writeup of all the FUD we have already seen and overcome, it's nice to look back because the only way to make sure we don't repeat history is to study it.
+
+<https://www.reddit.com/r/Superstonk/comments/np3v7r/fud_campaigns_weve_endured_so_far/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172)](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172)
+
+All apes this long weekend
+
+Etoro
+
+Now this is the juicy bit, we've seen a lot of speculation on this one, we have seen people extrapolate information from the statement that Etoro has 1.5% of GME holders, then we've seen people think that this means that we have a couple of options
+
+1.  gme has 89 million sharews
+
+2.  gme has over 1000 million shares
+
+3.  etoro is stating amount of users that they have they have 1.5% (meaning 98.5% of their users dont have gme)
+
+4.  something else entirely
+
+Now we can't answer for sure what this means, I'll be looking into it today and reading peoples DD on this and see if I can form a wrinkle, after that I'll be contacting the CEO from Etoro (full transparency like always: due to some weird happenstance a twitter user put us in contact and we had a brief interaction, hopefully due to having this line of communication open I can ask him a question about this, but again there is no security that he will even answer, nor does he have to as I'm still just a regular ape and not some bigshot), and for the people saying "why the hell would he talk to you?"... dude I've been wondering the same thing 🤷‍♂️
+
+Again take these numbers with a grain of salt and a bucket of "inconclusive"
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d)](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d)
+
+For (R)/Cohan!
+
+Citadel is filing form D's
+
+A smarter ape has written a piece about the recent filings of Citadel, namely their form D amendments, and what they mean and what it could imply, give it a read [here](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+I wont give a synopsis of this because it's fairly short and well and easily understandable.
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e)](https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e)
+
+Parting thoughts
+
+Now before I go slip back into my cave for the day I do have some thoughts that wont fit in the news stories naturally so I'd rather do it here separate from the rest.
+
+First of all guys chill the fuck out, there are trolls, shills etc, these people are doing what they're doing for one thing only, to get you to respond on an emotional level, don't get lured out and just relax, remember who benefits from shaking["The jar of ants"](https://www.reddit.com/r/Superstonk/comments/nn5xnf/the_jar_of_ants/)?
+
+There is no sense of urgency to speculate on Etoro or other traders total amount of shares, this has become a game of patience, if Etoro/degiro/yomama has 10% of the float or a 100%, I believe at this point we've found out that we at least own the float (AT MINIMUM) atleast once, meaning... it doesn't matter how many shares there are (even though it would be cool to know) again, the mantra of "Buy-Hold-vote-zen" applies, be zen, be chill just wait.
+
+The shareholders meeting, I've seen a lot of people talking in a way that everything will pop off at the meeting itself, don't hype yourself up to much my friend, even though I would love to have this pop off then I believe that the day of the annual sharehodlers meeting may be a sideways day. Again No dates, so only Jaques your tits to about 60%, no full Jaquesing (even if I personally hope it will pop off at the same day, lets remain realistic ;) )
+
+And as always, Expect fuckery
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48)](https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-01-2021](https://preview.redd.it/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023)](https://preview.redd.it/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Edit:
+
+DFV HAS SPOKEN!, HE IS INDEED A CAT!
+
+<https://twitter.com/TheRoaringKitty/status/1399727581369409539>

Daily-Synopsis-Archives/2021-06-02-Synopsis.md

@@ -0,0 +1,202 @@
+The Daily Stonk 06-02-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqhkj5/the_daily_stonk_06022021/) | 
+
+---
+
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/6v9d6yjegu271.png?width=1600&format=png&auto=webp&s=81e2c4a9c5be73110a35260e84126bf0b52d4b2c)](https://preview.redd.it/6v9d6yjegu271.png?width=1600&format=png&auto=webp&s=81e2c4a9c5be73110a35260e84126bf0b52d4b2c)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/syeowj1ggu271.png?width=680&format=png&auto=webp&s=b4e14923782fca77558ba56a2d9cc5c20f9efb8d)](https://preview.redd.it/syeowj1ggu271.png?width=680&format=png&auto=webp&s=b4e14923782fca77558ba56a2d9cc5c20f9efb8d)
+
+0:00
+
+1:07
+
+Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
+
+Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
+
+Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
+
+<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/6hcar3ywgu271.png?width=1440&format=png&auto=webp&s=eae379185d20bb181fe25312e04ac4fbcd9aa553)](https://preview.redd.it/6hcar3ywgu271.png?width=1440&format=png&auto=webp&s=eae379185d20bb181fe25312e04ac4fbcd9aa553)
+
+DFV IS BACK BABY!
+
+After being silent for a few weeks our boy is back shitposting once again, even if he's not putting new DD forward or doing videos at the moment, but just seeing signs of life brings me joy to see.
+
+Now there have been some people posting yesterday "oh we shouldn't look up to dfv, no hero worshipping" I'd say you're right, no one should be hero worshipped (we've seen this go wrong many a time) but DFV is our boy, a friggen time traveling cat so I'll just quote a person who is smarter then me to give a retort
+
+" Authority is not given to you to, steward, to deny the return of the king."
+
+0:00
+
+0:09
+
+credit to u/TheOtherCausby
+
+There is also a theory going around as to why he went silent, and lets go over some of the logical ones. He was being sued in what may be called a "slap suit" a lawsuit making sure someone stays silent, his lawyers would have most likely advised him to stay silent for a while, to show there is no involvement between him tweeting and the price going up or not.
+
+Meaning that at minimum his lawyers have said "yeah sure you can shitpost again", which is always a good sign! glad to have the king back, and would love to see him post here on superstonk, wsb or anywhere tbh, and I'm looking forward to him livestreaming once more.
+
+And for the people who say "don't hero worship", he's the OG, he had the foresight none of us had, and none of us would be here today if he didn't see it first.
+
+(caveat: even though he was the first and the og, we are not here because he is here, but because he raised a good point and that made us look into the stock of GME and we agreed on our own accord that it would be a good investment, we in no sense imply that Deepfuckingvalue himself has had any affect in our decision making.
+
+The we in the above segment is the "royal we" so in no sense meant as "us" in a collective sense)
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/1h68oj11hu271.png?width=4096&format=png&auto=webp&s=884ea6ad5704fea58194ade954252a57ba262354)](https://preview.redd.it/1h68oj11hu271.png?width=4096&format=png&auto=webp&s=884ea6ad5704fea58194ade954252a57ba262354)
+
+Short data
+
+This was made by a friend of mine on twitter and shared publicly [here](https://twitter.com/js76651030/status/1399852769058693120?s=27)
+
+This data in and of itself does not tell us how much has been shorted, how many short/synthetic shares are out there, but it does tell us that they are shorting it even now, even at these high prices (high in contrast of the $3 usd we've seen last year where they started shorting it into oblivion), that in and of itself does tell us one thing, it's not over, and like Kenny said about the 2008 situation still Applies here and I'll paraphrase:"we where working every day to get one more day"
+
+Keep going Kenny, dig me that infinity pool just a lil bit deeper plox <3
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/vxekubh2hu271.png?width=640&format=png&auto=webp&s=0ef79586e6fda50923c7ab89eed47996294fff49)](https://preview.redd.it/vxekubh2hu271.png?width=640&format=png&auto=webp&s=0ef79586e6fda50923c7ab89eed47996294fff49)
+
+DTC-2021-005
+
+Seems an awesome ape here finally got a response to their Foia request
+
+as you can see in their thread [here](https://www.reddit.com/r/Superstonk/comments/nq2l2f/sec_acknowledges_foia_request_on_everything_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+it's short so, just go look 😉
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/ex5762h5hu271.png?width=599&format=png&auto=webp&s=5e7a72f1c019a11116a6f5152fefa43f322de3d8)](https://preview.redd.it/ex5762h5hu271.png?width=599&format=png&auto=webp&s=5e7a72f1c019a11116a6f5152fefa43f322de3d8)
+
+Bloomberg
+
+Another awesome ape was kind enough to share some screenshots of their bloomberg terminal [here](https://www.reddit.com/r/Superstonk/comments/nq3o0g/01062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+I always love seeing these, my brain may be to smooth for me to completely understand this but I enjoy the bright colors on the screen, and the wrinkly brained smarties between us can explain quite a bit to us using these bright screens.
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/m4mhpjd7hu271.png?width=640&format=png&auto=webp&s=7ccf7165bd20d298db00bc2264ab4acc4c908415)](https://preview.redd.it/m4mhpjd7hu271.png?width=640&format=png&auto=webp&s=7ccf7165bd20d298db00bc2264ab4acc4c908415)
+
+Sec statement regarding proxy voting
+
+found and shared by [u/Staccado](https://www.reddit.com/u/Staccado/)
+
+<https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01>
+
+I have no clue what this means but something tells me.. something is up
+
+Reverse Repo Rates
+
+the reverse repo rates have decreased
+
+But the amount of participants has also decreased. Past Friday saw 479.5 billion for 50 participants, and today's rate is 448 billion for only 43 participants.
+
+<https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000>
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/f4kb32xchu271.png?width=640&format=png&auto=webp&s=c28f401c14d3e8f6f1be4b8323694d6dd0a1f9b8)](https://preview.redd.it/f4kb32xchu271.png?width=640&format=png&auto=webp&s=c28f401c14d3e8f6f1be4b8323694d6dd0a1f9b8)
+
+Gamestop NFT
+
+I've been seeing some misinformation about this in the past few days, this either stems from people not understanding it or not having all the info available, for those I'd advise checking this one out:
+
+<https://gmedd.com/transformation/gamestop-unveils-official-nft-project/>
+
+It has all the information currently available on the NFT so it would be a good start for anyone who feels like they need some help, or want some additional information.
+
+The japanese are calling for our aid
+
+And the Ameritards and Europoors will answer
+
+[u/StupidMonsters](https://www.reddit.com/u/StupidMonsters/) started a thread [here](https://www.reddit.com/r/Superstonk/comments/nq8idk/japanese_apes_calling_for_support_please_im/)
+
+Going over some problems our Japanese apes are facing, give it a read and look if you can help in any way shape or form, what I've read so far I fucking love it, people have an issue and 300+k people pile in to see how they can help one and other <3
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/q5i5idehhu271.png?width=625&format=png&auto=webp&s=142d55674d695dac5df8ac9561ff0b37c1c9a717)](https://preview.redd.it/q5i5idehhu271.png?width=625&format=png&auto=webp&s=142d55674d695dac5df8ac9561ff0b37c1c9a717)
+
+You want another Gamma?
+
+Our in house wrinkle brained [u/Criand](https://www.reddit.com/u/Criand/) just posted a thread [here](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)
+
+in his own words a TLDR
+
+> June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.
+
+Not saying there will be another Gamma right now, but it seems that there are some markers which would leave one to believe it's at least likely that we see something like that happen again.
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/qr5jbuskhu271.png?width=554&format=png&auto=webp&s=26133806662ba0a861c32f8134cedb53decb3d20)](https://preview.redd.it/qr5jbuskhu271.png?width=554&format=png&auto=webp&s=26133806662ba0a861c32f8134cedb53decb3d20)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/1bxcv7wmhu271.png?width=400&format=png&auto=webp&s=93adb3ca499017a7335fcf73eea087b9427c2b2f)](https://preview.redd.it/1bxcv7wmhu271.png?width=400&format=png&auto=webp&s=93adb3ca499017a7335fcf73eea087b9427c2b2f)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting 7 days to go
+
+Edit 1: AnnihilationGod was kind enough to also research the trades starting April 1st, 53,40% of all gme shares traded during market hours were traded short.
+
+[![r/Superstonk - The Daily Stonk 06-02-2021](https://preview.redd.it/05enpnophu271.png?width=1061&format=png&auto=webp&s=54d729bea3357b40fc71bac085c7e76030d76a4c)](https://preview.redd.it/05enpnophu271.png?width=1061&format=png&auto=webp&s=54d729bea3357b40fc71bac085c7e76030d76a4c)
+
+<https://twitter.com/js76651030/status/1400035934716968963?s=21>
+
+Edit 2: updated the Short data up top, AG had to make a change so I changed the image.
+
+in his words:
+
+> Looks like i got an error in my chart from yesterday - Doesnt change much - forgot to add the short exempt vol to Total short, this increases the number of shorts during market hour. This lead to an amount of 0.5% up to 4.4% of market hours shorts missing in my chart.
+
+Edit 3: something went wrong with the formatting of the post so redid it.
+
+Edit 4: DFV tweeted\
+<https://twitter.com/TheRoaringKitty/status/1400089824015626240>
+
+The gains so green,
+
+Skies so blue
+
+Gamestop is Really great!

Daily-Synopsis-Archives/2021-06-03-Synopsis.md

@@ -0,0 +1,161 @@
+he Daily Stonk 06-03-2021
+=========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nr8uzl/the_daily_stonk_06032021/) | 
+
+---
+
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/6vfsw0r3g0371.png?width=1600&format=png&auto=webp&s=e4455cda2c208b209331282b323ea437a0c81d6d)](https://preview.redd.it/6vfsw0r3g0371.png?width=1600&format=png&auto=webp&s=e4455cda2c208b209331282b323ea437a0c81d6d)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/80hzvyw5g0371.png?width=680&format=png&auto=webp&s=f13e3d82941049d7badb8db3b8c4ad6ca11b7ce4)](https://preview.redd.it/80hzvyw5g0371.png?width=680&format=png&auto=webp&s=f13e3d82941049d7badb8db3b8c4ad6ca11b7ce4)
+
+0:00
+
+1:07
+
+Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
+
+Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
+
+Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
+
+<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
+
+Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th.
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/58ixaebhg0371.png?width=960&format=png&auto=webp&s=88882a431fbbc1502dee3c0d60ee31dc3b4b231b)](https://preview.redd.it/58ixaebhg0371.png?width=960&format=png&auto=webp&s=88882a431fbbc1502dee3c0d60ee31dc3b4b231b)
+
+DTCC Notice - FICC - Requirements for Clearing Members Reset
+
+The Mortgage-Backed Securities Division ("MBSD") of the Fixed Income Clearing Corporation ("FICC") will reset the CCLF® requirement for all Clearing Members that selected Option 1 or 2 on the Officers' Certificate. The reset will be effective as of July 1, 2021.
+
+<https://www.dtcc.com/-/media/Files/pdf/2021/6/2/MBS988-21.pdf>
+
+As [u/criand](https://www.reddit.com/u/criand/) was kind enough to respond on a thread about this:
+
+> Might not mean anything, these resets are standard every ~6 months. HOWEVER...
+>
+> The CCLF increased the liquidity requirement of members earlier this year. The funds help the FICC in the event of a member default. I believe the below post is much more interesting than this reset.
+>
+> <https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/?utm_medium=android_app&utm_source=share>
+
+Volume difference
+
+So I've seen some troll posts talking about how hodling doesn't work, I also found a thread by [u/GoochTainter](https://www.reddit.com/u/GoochTainter/) [here](https://www.reddit.com/r/Superstonk/comments/nqtcd8/hooolllly_fuck_look_at_the_volume_on_january/)
+
+In January we had movement (volume) that reached into the millions but the past weeks volume has been fairly low in comparisson, How low you ask?
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/okqp0nr5h0371.png?width=960&format=png&auto=webp&s=448549f1c56301309eecc93d5c05dbf8a2396f69)](https://preview.redd.it/okqp0nr5h0371.png?width=960&format=png&auto=webp&s=448549f1c56301309eecc93d5c05dbf8a2396f69)
+
+Look at that, the price is almost at the squeeze levels of January with close to no volume, this is insane! this proves to me (personally) that we are correct about most of the DD we've seen, we've proven that the FTD cycles of both T+21 for regular shorts and T+35 for options are real, we've seen them push other stocks (silver, amc, BB, nok) on MSM while completely ignoring GME and only making posts "15 stocks to make you forget GME" and we've found that our tits are indeed, Jaqued.
+
+If you own one of those other stocks, awesome I'm genuinely happy for you guys, but remember this is a GME sub, so lets keep those stocks to a minimum, again if you have a correlation between them it's ok to post it here, or a theory how they all connect etc, but not oh look at my XXX stock, the first one is helping, the latter is seen as a distraction.
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/h95s8ir5i0371.png?width=960&format=png&auto=webp&s=e0307e0ae5d9ea12459865edba59dfafc3611e30)](https://preview.redd.it/h95s8ir5i0371.png?width=960&format=png&auto=webp&s=e0307e0ae5d9ea12459865edba59dfafc3611e30)
+
+Gamestop confirms release of Q1 results and meeting date
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/y9r27ej8i0371.png?width=960&format=png&auto=webp&s=fb6d963fd40936a4563f7c8e2281b20a818f8ab2)](https://preview.redd.it/y9r27ej8i0371.png?width=960&format=png&auto=webp&s=fb6d963fd40936a4563f7c8e2281b20a818f8ab2)
+
+Now this is a fun one so let's go over this because there is a lot of information in this even if it looks fairly plain from first glance.
+
+First all the date, 6/9 is the date they also released their Q1 numbers in 2020, so they are keeping the same schedule ( I've seen post saying this is earlier than normal but it seems to be the exact date like last time).
+
+Last years Q1:<https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results>
+
+After this call all the information released by GME HQ will be available on their website
+
+They will host an Investor conference call at 5 PM ET the same day to review the companies financials.
+
+The phone number for investor conference call is 877-451-6152 Code to enter is 13720011
+
+The annual shareholders meeting will be held at 6/9 11 AM ET and will only last 15 minutes
+
+George Sherman will be attending the physical meeting and the other directors will be there via zoom/skype etc.
+
+Now what does this all tell us?
+
+They have a seperate call for the Q1 earnings report (look back at the Q4 call that lasted 20 minutes with sherman phoning it in), this will focus on the direct financial side of things, meaning their actual earnings (duh).
+
+The Annual shareholders meeting however is a different beast entirely, with this one we can hear a lot of things coming, we can hear the roadmap the company is going to use in the coming years, we can hear how the board will be placed, who will become the new CEO but also one thing that I'd be remiss if I didn't mention
+
+The Share count, at most we will hear a preliminary counting, because if our theory about the huge amount of phantom shares is true (yes until confirmed by the company its still a theory and yes these numbers can be fucked with before it even gets to the company), the cut off date for counting is the 6th of June, meaning if they get millions more it will take some time to get through this.
+
+HOWEVER, this is also a good thing, if they can see from preliminary numbers that the sharecount is out of wack, they can get an Auditor, just to make sure the shares are correct.
+
+Also keep in mind we may not hear everything we want to hear at the shareholders meeting because after this meeting GME will be more "free" to discuss which direction they want to go into and the "silent" period for the company may be over.
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/jp2wyi3xk0371.png?width=960&format=png&auto=webp&s=6e18421628127d5cd273b0b965dcbcd76703961b)](https://preview.redd.it/jp2wyi3xk0371.png?width=960&format=png&auto=webp&s=6e18421628127d5cd273b0b965dcbcd76703961b)
+
+Remember my Favorite book series?
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/gnrd8lo3l0371.png?width=242&format=png&auto=webp&s=6b54ec77d30baa123ef78e87da1226e7810366f4)](https://preview.redd.it/gnrd8lo3l0371.png?width=242&format=png&auto=webp&s=6b54ec77d30baa123ef78e87da1226e7810366f4)
+
+Expect it, just saying, I'm constantly waiting to get a rug pull as a last sort of hail mary, but the awesome part is that I can see in the posts that I'm far from the only one and I've seen a lot of people discussing "what could they do next?" which is awesome because last time we foresaw them pulling the rug at 300 and everyones reaction was just "oh... ok, so hodl?"
+
+No one panics if everything goes to plan - weird clown guy
+
+Also Yes I realise the news is fairly... "short" today, I expect it to become less and less as we get nearer to the shareholders meeting, this because well the company wont say shit now they'd rather bring it to the table on the annual shareholder meeting right?
+
+So the only things I'd be able to get is information from the DTC/DTCC/FINRA/FINTEL/ and Data provided by awesome members we have here and outside of the sub. so don't worry we're just in a period that's called a "silent period" which a company usually has before meetings like this.
+
+We don't know what the annual shareholders meeting will bring, but I'm excited as all hell.
+
+(also little side note, keep in mind we wont see shit happen on the Annual shareholder meeting because its after market close, we'll see the affects of it in the days/weeks after it 😉)
+
+So stay classy, stay Jaqued!
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/2thk8upcm0371.png?width=554&format=png&auto=webp&s=c6a0195860eb788c0fa04f4ddd36fdb5a7e2c3c5)](https://preview.redd.it/2thk8upcm0371.png?width=554&format=png&auto=webp&s=c6a0195860eb788c0fa04f4ddd36fdb5a7e2c3c5)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-03-2021](https://preview.redd.it/b7ho3lbfm0371.png?width=400&format=png&auto=webp&s=3fe0efea8f6fd42e751aa468a6eb0060d92a4c6d)](https://preview.redd.it/b7ho3lbfm0371.png?width=400&format=png&auto=webp&s=3fe0efea8f6fd42e751aa468a6eb0060d92a4c6d)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting 6 days to go

Daily-Synopsis-Archives/2021-06-04-Synopsis.md

@@ -0,0 +1,163 @@
+The Daily Stonk 06-04-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns0ngh/the_daily_stonk_06042021/) | 
+
+---
+
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/h4yf2ga1m7371.png?width=1600&format=png&auto=webp&s=141c39c84ace8e358ed7dd0e8dbc0a63768c03e0)](https://preview.redd.it/h4yf2ga1m7371.png?width=1600&format=png&auto=webp&s=141c39c84ace8e358ed7dd0e8dbc0a63768c03e0)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/5959ao23m7371.png?width=680&format=png&auto=webp&s=d5dfef5ad7866f3691b9cbc9640db9f0613da721)](https://preview.redd.it/5959ao23m7371.png?width=680&format=png&auto=webp&s=d5dfef5ad7866f3691b9cbc9640db9f0613da721)
+
+0:00
+
+1:07
+
+Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
+
+Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
+
+Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
+
+<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
+
+Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th.
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/3x052r4im7371.png?width=680&format=png&auto=webp&s=5300c8a9122c11248fe20fbf7470b3ce96c49488)](https://preview.redd.it/3x052r4im7371.png?width=680&format=png&auto=webp&s=5300c8a9122c11248fe20fbf7470b3ce96c49488)
+
+Reverse Repo
+
+And it's back up ladies and gentlemen, as of 6/3/2021 it has increased back to $479B with only 40 counterparties. This nearly matches the all-time-high with 13 less members meaning they'll soon be hitting that sweet 80 billion limit, after that... no clue what will happen.
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/sczlf0byr7371.png?width=960&format=png&auto=webp&s=1a1c4bf1823a49836a96bd7a54b474a73c1c3faf)](https://preview.redd.it/sczlf0byr7371.png?width=960&format=png&auto=webp&s=1a1c4bf1823a49836a96bd7a54b474a73c1c3faf)
+
+*plays it's always sunny in Philadelphia theme*
+
+Morning Sunshine
+
+It seems that the SEC meeting of the sunshine act finally went through, this meeting was cancelled about 5 or 6 times in the past months, but it's only Gary's 7th week, he can't be expected how to do meetings so fast.
+
+<https://www.sec.gov/news/upcoming-events/closed-meeting-060321>
+
+OCC-2021-003 to be implemented TODAY
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/vl3ndaupo7371.png?width=828&format=png&auto=webp&s=d9a8cf35a74a778482f27e3db09465e81f61c711)](https://preview.redd.it/vl3ndaupo7371.png?width=828&format=png&auto=webp&s=d9a8cf35a74a778482f27e3db09465e81f61c711)
+
+Kowalski? Boom?
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/hi3bafhan7371.png?width=960&format=png&auto=webp&s=adb25fe649f22f9fd13e2b0330987715946ecdfa)](https://preview.redd.it/hi3bafhan7371.png?width=960&format=png&auto=webp&s=adb25fe649f22f9fd13e2b0330987715946ecdfa)
+
+Also this one is still missing
+
+When someone gives you a Jeffrey
+
+Ok seems someone found something big yesterday <https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/>
+
+The tldr is Investment banking Company Jeffries suspends short sells on GME AMC and MVIS
+
+Jeffries is a prime broker, and is used by GME for their Share offerings, so they are not the biggest player, but big imo nonetheless.
+
+His thread has a bit more details so if you'd like to know more I'd advise checking that out ;)
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/nsqhaqmuq7371.png?width=640&format=png&auto=webp&s=ab894aa5b3b1a7809f1b544c1f4b33e8eaa1c751)](https://preview.redd.it/nsqhaqmuq7371.png?width=640&format=png&auto=webp&s=ab894aa5b3b1a7809f1b544c1f4b33e8eaa1c751)
+
+Gamestop 10k filing from march
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/ijtz8au6o7371.png?width=600&format=png&auto=webp&s=75be5571808d0a52c98e85e61ebb9e2e4ea8a0d2)](https://preview.redd.it/ijtz8au6o7371.png?width=600&format=png&auto=webp&s=75be5571808d0a52c98e85e61ebb9e2e4ea8a0d2)
+
+Now onto something a bit more speculative
+
+TWEETS!
+
+Going to be honest seeing [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) shitpost memes again, I just love it but lets focus on our boy RC first,
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/sfrfkr3kp7371.png?width=462&format=png&auto=webp&s=feb60a05885200a78fda27f32a56a1ec7d0897af)](https://preview.redd.it/sfrfkr3kp7371.png?width=462&format=png&auto=webp&s=feb60a05885200a78fda27f32a56a1ec7d0897af)
+
+I personally think that R.I.P. Dumb ass is litteral, there is no hidden meaning here other then he's finished the backroom stuff and is now just gloating, the dumb ass who tried to fuck GME over are now on the brink of collapse themselves.
+
+Now the Sears being demolished is a tricky one as there are a lot of different options as to what it can pertain to.
+
+it could be a link to the SEC's ARS
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/da8sfmchq7371.png?width=640&format=png&auto=webp&s=e7b9c1bc7187712261cf3bd65b9def33bb2211d7)](https://preview.redd.it/da8sfmchq7371.png?width=640&format=png&auto=webp&s=e7b9c1bc7187712261cf3bd65b9def33bb2211d7)
+
+credit to u/piefke_
+
+it could be how Sears had it's downfall in 2018 <https://www.investopedia.com/news/downfall-of-sears/>
+
+or it could be a cheeky reference with the "Rip Dumb ass" tweet that this is slowly happening to the SHF
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/jdx30oq0r7371.png?width=960&format=png&auto=webp&s=2e88d5d1141bd7f2a6f477d807d4149c00aae4cf)](https://preview.redd.it/jdx30oq0r7371.png?width=960&format=png&auto=webp&s=2e88d5d1141bd7f2a6f477d807d4149c00aae4cf)
+
+Now onto some exciting news
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/hf7r4xc5r7371.png?width=960&format=png&auto=webp&s=f3fbf1d1da6be19399f8060ee5aa72ad45b07f59)](https://preview.redd.it/hf7r4xc5r7371.png?width=960&format=png&auto=webp&s=f3fbf1d1da6be19399f8060ee5aa72ad45b07f59)
+
+4 Trading days left
+
+There are only 4 trading days left until the annual shareholder meeting. Again I'd say expect fuckery as always, expect them trying to tank the price, expect idiots spreading FUD expect everything.
+
+But I'm still bullish for the Annual shareholders meeting, Again I personally don't expect them to know the full amount of naked shares out there by then, but I do expect some sort of message saying they're officially going to look into it, I'm expecting a roadmap of the future of the company, I expect some AWESOME Q1 numbers (with the hype that's been on GME since early jan, the amount of consoles bought of the new cycle, nintendo switches donated to childrens hospitals, apes saying "nah not going to amazon I'll get it from GME", all that combined will make for some killer announcements and earnings.
+
+I'm Jaqued because of this alone.
+
+But do keep in mind, if you were on the other side, you'd try to stretch the inevitable until you couldn't anymore and it just blows up, so don't expect anything to happen on the day itself, as I've seen here on the sub many a times
+
+"it can be the best day ever, or it can be just another ordinary day"
+
+so.. be Jaqued, but only to about 60%, we can party once this is over 😉
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/y8eg6szjs7371.png?width=554&format=png&auto=webp&s=46ecd2471dd9ea27f05ebfa006357b7caa2c3482)](https://preview.redd.it/y8eg6szjs7371.png?width=554&format=png&auto=webp&s=46ecd2471dd9ea27f05ebfa006357b7caa2c3482)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-04-2021](https://preview.redd.it/wleo70tms7371.png?width=400&format=png&auto=webp&s=03bfc62b5516d1d32306ca061f3f373da44bf307)](https://preview.redd.it/wleo70tms7371.png?width=400&format=png&auto=webp&s=03bfc62b5516d1d32306ca061f3f373da44bf307)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting 5 days to go, and only 4 trading days, LETSGOOO! LFG

Daily-Synopsis-Archives/2021-06-07-Synopsis.md

@@ -0,0 +1,162 @@
+The Daily Stonk 06-07-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nu86hd/the_daily_stonk_06072021/) | 
+
+---
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/miuejcn52t371.png?width=1600&format=png&auto=webp&s=c81b9391048dd0772588d10757e4b956f6ffe14f)](https://preview.redd.it/miuejcn52t371.png?width=1600&format=png&auto=webp&s=c81b9391048dd0772588d10757e4b956f6ffe14f)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/9ydyg4o72t371.png?width=680&format=png&auto=webp&s=67d73004905004c58250e8ec85c046a290c7f04d)](https://preview.redd.it/9ydyg4o72t371.png?width=680&format=png&auto=webp&s=67d73004905004c58250e8ec85c046a290c7f04d)
+
+Reverse Repo rates
+
+Big thank you to [u/ajquick](https://www.reddit.com/u/ajquick/)
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/6tlvxqye3t371.png?width=960&format=png&auto=webp&s=ead35a24f52e0e486dab971edcee1bb0047193b7)](https://preview.redd.it/6tlvxqye3t371.png?width=960&format=png&auto=webp&s=ead35a24f52e0e486dab971edcee1bb0047193b7)
+
+May 25: $432 billion - Participating Counterparties: 48 - Average per participant = $9 billion
+
+May 26: $450 billion - Participating Counterparties: 46 - Average per participant = $9.78 billion
+
+May 27: $485 billion - Participating Counterparties: 50 - Average per participant = $9.7 billion
+
+May 28: $479 billion - Participating Counterparties: 50 - Average per participant = $9.58 billion
+
+June 1: $447 billion - Participating Counterparties: 43 - Average per participant = $10.39 billion
+
+June 2: $438 billion - Participating Counterparties: 46 - Average per participant = $9.52 billion
+
+June 3: $479 billion - Participating Counterparties: 40 - Average per participant = $11.97 billion
+
+June 4: $483 billion - Participating Counterparties: 42 - Average per participant = $11.5 billion
+
+Seems this is increasing a lot and very fast 🤔
+
+0:00
+
+0:46
+
+cnbc did a fucky wucky
+
+As most of you have heard by now past saturday CNBC had a couple of "experts" on to talk about what is going on and blurted out naked short selling, after that there was a huge spike in the "google analytical" side and searches for naked short selling were through the roof (you can use [trends.google.com](https://trends.google.com/) and check out "naked Shorts" for yourself ;) )
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/j2ls4aji8t371.png?width=960&format=png&auto=webp&s=f5a4000a6797a2949f0b1d9fd8f28fd3abc825d0)](https://preview.redd.it/j2ls4aji8t371.png?width=960&format=png&auto=webp&s=f5a4000a6797a2949f0b1d9fd8f28fd3abc825d0)
+
+#nakedshorts
+
+Also a funny comment the guy had was " don't think for a minute that hedgefunds haven't hired people and put them into these chatrooms (reddit) to keep these flames going"... hmmm who else had talked about paid shills before 🤔 not sure sounds very familiar though.
+
+People also seem to be making waves with #nakedshorts, so lets just say I hope this stays trending for a long while so more people can see wtf is going on and get more peoples eyes on this.
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/97szuksg5t371.png?width=960&format=png&auto=webp&s=7ebebe5e3f294d65af9109a7b85903f25cd15a64)](https://preview.redd.it/97szuksg5t371.png?width=960&format=png&auto=webp&s=7ebebe5e3f294d65af9109a7b85903f25cd15a64)
+
+Short selling restrictions
+
+This is also something I've seen come by around friday/saturday, Big banks and prime brokers are now restricting short positions on GME AMC and MIcroVision (who the fuck is Microvision?)
+
+Goldman Sachs, Bank of America, Citigroup and Jeffries are among those who have restricted them, expect more of them to follow.
+
+Source: <https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.html>
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/cgh72iy57t371.png?width=960&format=png&auto=webp&s=78de9fab5a9593323a4c1d49a86c12a5e5cba892)](https://preview.redd.it/cgh72iy57t371.png?width=960&format=png&auto=webp&s=78de9fab5a9593323a4c1d49a86c12a5e5cba892)
+
+SEC Fires head Auditor
+
+Possibly because he was "too friendly" with institutions he was supposed to be investigating and not taking the proper actions, as he mismanaged the regulator, so even if Gary is only on his 7th week, at least he is firing someone... cmon Gary move it buddy you have 2 days till the meeting.
+
+source: <https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html>
+
+<https://www.reuters.com/business/us-sec-ousts-head-accounting-watchdog-puts-rest-board-notice-2021-06-04/>
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/que5mc2l9t371.png?width=640&format=png&auto=webp&s=9a710f84a661242d57d33238cc351b749fec3a52)](https://preview.redd.it/que5mc2l9t371.png?width=640&format=png&auto=webp&s=9a710f84a661242d57d33238cc351b749fec3a52)
+
+Just feel like this should need a reminder;
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/j41ju0ib7t371.png?width=828&format=png&auto=webp&s=5c897c7dad9e922006bfc0d2a6088422d3b058cf)](https://preview.redd.it/j41ju0ib7t371.png?width=828&format=png&auto=webp&s=5c897c7dad9e922006bfc0d2a6088422d3b058cf)
+
+I'm gonna be honest I like the guy (charles), but at the same time he works for MSM, that means I don't trust him, there usually narrative they want to push or whatever, but for this moment I'm giving him the benefit of the doubt. I've seen this guy say stuff that he seems to be on the side of the apes but again I'd rather be carefull then get bent over, especially since he's been fined before for not mentioning that he received payment to promote a stock. [(found here)](https://www.reddit.com/r/Superstonk/comments/nu29ec/charles_payne_og_90s_shill_litigation_release_no/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/m7ibugm88t371.png?width=467&format=png&auto=webp&s=f12fb7d5c030c2994b29571e78b051e56e939832)](https://preview.redd.it/m7ibugm88t371.png?width=467&format=png&auto=webp&s=f12fb7d5c030c2994b29571e78b051e56e939832)
+
+GameStop Removed from Russell Microcap, May be Added to Russell 1000
+
+Great write-up by [u/DrGigaChad_MD](https://www.reddit.com/u/DrGigaChad_MD/) which you can read [here](https://www.reddit.com/r/Superstonk/comments/nsmgy0/gamestop_removed_from_russell_microcap_may_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/gro7xmub9t371.png?width=640&format=png&auto=webp&s=401633ea01394c56af7a3c09b647cfd4a5cd1d3f)](https://preview.redd.it/gro7xmub9t371.png?width=640&format=png&auto=webp&s=401633ea01394c56af7a3c09b647cfd4a5cd1d3f)
+
+SEC littigation against Robbinhood filed friday
+
+AAhahahahaha..... hahahaha sorry something something karma,
+
+[u/tophereth](https://www.reddit.com/u/tophereth/) made a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nspp9u/sec_litigation_against_robbinghood_filed_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) with a write-up of what's up and and links to the litigation and such.
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/8e1tk2tcat371.png?width=640&format=png&auto=webp&s=72f02e5e18b437a22a11533e4d1558456e35d6f8)](https://preview.redd.it/8e1tk2tcat371.png?width=640&format=png&auto=webp&s=72f02e5e18b437a22a11533e4d1558456e35d6f8)
+
+G7 agree on worldwide taxation
+
+Ok so this is something I've heard something about in the past few years, but to be honest I don't think anyone would ever actually make this deal but here we are.
+
+The g7 (the richest 7 economies/countries of the world) agreed on a universal taxation across the board, meaning it would be increasingly difficult to hide their money in tax havens like the caymans and such. this would mean if a company (like amazon or FB or Citadel) operates in a country then they have to pay 15% tax THERE, not just where they store their money, but the countries they're profiting of.
+
+<https://www.bbc.com/news/world-57368247>
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/fzpciljeat371.png?width=640&format=png&auto=webp&s=8fc05dbe8ce21dfcb64190ba4f7a290016aec3b4)](https://preview.redd.it/fzpciljeat371.png?width=640&format=png&auto=webp&s=8fc05dbe8ce21dfcb64190ba4f7a290016aec3b4)
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/4pw7s96jat371.png?width=554&format=png&auto=webp&s=a54b1b6c0af6fbf556e93bce7767b3ade0a6b51a)](https://preview.redd.it/4pw7s96jat371.png?width=554&format=png&auto=webp&s=a54b1b6c0af6fbf556e93bce7767b3ade0a6b51a)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/52jny9mlat371.png?width=400&format=png&auto=webp&s=5c6b416bfed7c80318910c39f32cbec5ea9ea9bf)](https://preview.redd.it/52jny9mlat371.png?width=400&format=png&auto=webp&s=5c6b416bfed7c80318910c39f32cbec5ea9ea9bf)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting 3 days to go, and only 3 trading days, LETSGOOO! LFG
+
+[![r/Superstonk - The Daily Stonk 06-07-2021](https://preview.redd.it/9wo5zcvtat371.png?width=1280&format=png&auto=webp&s=d1290856c61b3a952dd8632bdc81344327f67d37)](https://preview.redd.it/9wo5zcvtat371.png?width=1280&format=png&auto=webp&s=d1290856c61b3a952dd8632bdc81344327f67d37)
+
+Majora's short

Daily-Synopsis-Archives/2021-06-08-Synopsis.md

@@ -0,0 +1,182 @@
+The Daily Stonk 06-08-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv0kes/the_daily_stonk_06082021/) | 
+
+---
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/n1fmh51o50471.png?width=1600&format=png&auto=webp&s=2ddc19921e67aec17363bd79e36b8bab3d49ae37)](https://preview.redd.it/n1fmh51o50471.png?width=1600&format=png&auto=webp&s=2ddc19921e67aec17363bd79e36b8bab3d49ae37)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/3kljlpxp50471.png?width=680&format=png&auto=webp&s=c9e30be6231a5c6e5c448c80a5e2e7ed3727ce10)](https://preview.redd.it/3kljlpxp50471.png?width=680&format=png&auto=webp&s=c9e30be6231a5c6e5c448c80a5e2e7ed3727ce10)
+
+Happy Birthday [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/)!!!
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/zpn5qrjbe0471.png?width=674&format=png&auto=webp&s=52238546149eb873d4e44644d8cd0c5db4883318)](https://preview.redd.it/zpn5qrjbe0471.png?width=674&format=png&auto=webp&s=52238546149eb873d4e44644d8cd0c5db4883318)
+
+Happy birthday buddy, I hope people won't spam the sub with these messages and keep it all in one single thread somewhere
+
+Direct from the source! Eric Cerny, Head of Investor Relations
+
+originally screenshot posted by [u/Lancerevo012](https://www.reddit.com/u/Lancerevo012/)
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/zvp3vq7460471.png?width=640&format=png&auto=webp&s=b027517262a0fa4430a841b9dcf8340291b28b48)](https://preview.redd.it/zvp3vq7460471.png?width=640&format=png&auto=webp&s=b027517262a0fa4430a841b9dcf8340291b28b48)
+
+"SEC filing with the final results of voting...within four business days of the meeting date"
+
+Just so people are aware you won't hear about the Vote count ON THE DAY itself, it will be a few days.
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/kia93ama60471.png?width=960&format=png&auto=webp&s=4332d87c4029c7678962b1233476411b20259352)](https://preview.redd.it/kia93ama60471.png?width=960&format=png&auto=webp&s=4332d87c4029c7678962b1233476411b20259352)
+
+Also another thing we do need to keep in mind is that even though we'll be getting the numbers we have heard from previous AMA guests that they can do everything they can to make it look like it isn't as bad as it is, I know because suddenly my Bank couldn't let me vote because there was an "error" with uploading all the people in the database for american voting and would be resolved the 18th.
+
+So I have a gut feeling that we will have millions of users all around the world who will be fed some form of BS why they can't vote, and GME won't know about it.
+
+Update on GME short Data
+
+The following Data is from <https://twitter.com/Annihil4tionGod> he's great with data and I'm very thankful for him being so kind to provide this to us.
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/7fz5sh6k70471.png?width=4096&format=png&auto=webp&s=b924ab9a87f454ca6edb8d657ea541e81bfe1f13)](https://preview.redd.it/7fz5sh6k70471.png?width=4096&format=png&auto=webp&s=b924ab9a87f454ca6edb8d657ea541e81bfe1f13)
+
+I can finally provide an update on GME Short data. Compared with my earlier work this contains the information provided by: [http://regsho.finra.org/regsho-May.html](https://t.co/6BwhxUpWP6?amp=1) and new: [https://cboe.com/us/equities/market_statistics/short_sale/?mkt=byx...](https://t.co/k9fRZmaL0O?amp=1) Still not accurate because data is not available, but more accurate then before. [#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [#Superstonk](https://twitter.com/hashtag/Superstonk?src=hashtag_click)
+
+[@rensole](https://twitter.com/rensole) [@RedChessQueen99](https://twitter.com/RedChessQueen99)
+
+[http://fintel.io](https://t.co/pCTwICFshn?amp=1): "If the short sale volume increases as a percentage of the total volume, then that suggests a bearish sentiment [...]. If short sale volume decreases as a percentage of total volume, then that suggests a bullish sentiment."
+
+-----
+
+Dear fellow investors, I took me some time to produce all these charts, but its finally done! Heureka! I can give you an insight on "How to trick retails with data" - based on the data published by [https://fintel.io/ss/us/gme](https://t.co/l9FCWviIol?amp=1) for GME. 1/5
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/ayg0432080471.png?width=4096&format=png&auto=webp&s=d0868dac55b96962351708100bc329cc8cfea33a)](https://preview.redd.it/ayg0432080471.png?width=4096&format=png&auto=webp&s=d0868dac55b96962351708100bc329cc8cfea33a)
+
+As you can see below - I got another results for the Short Volume Ratio. But how is this possible? The next picture will tell you why. 2/5
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/8sxo42z280471.png?width=4096&format=png&auto=webp&s=bcbcf9fbdc594ac70d0484e54064c1b3ded6be23)](https://preview.redd.it/8sxo42z280471.png?width=4096&format=png&auto=webp&s=bcbcf9fbdc594ac70d0484e54064c1b3ded6be23)
+
+Instead of calculating the Short Volume Ratio = Reported Shorts in Data you use / ( Reported Volume in Data you use / 100 ) - [@fintel_io](https://twitter.com/fintel_io) decided to use: Reported Shorts in Data you use / ( Total Daily Volume / 100 ) Perhaps just a mistake, fixed that for you - oh SVR is high. 3/5
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/o81uu6u780471.png?width=4096&format=png&auto=webp&s=feb5caa7090e9d19a86b594e6411c283a80f1b79)](https://preview.redd.it/o81uu6u780471.png?width=4096&format=png&auto=webp&s=feb5caa7090e9d19a86b594e6411c283a80f1b79)
+
+The Following Charts shows my Calculation on Short Volume Ratio (based on Data from RegSho and CBOE) - [@fintel_io](https://twitter.com/fintel_io) s calculation in orange while the grey line is the SVR i fixxed for [http://fintel.io](https://t.co/pCTwICFshn?amp=1) No need to thank me. 4/5
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/qn81b10c80471.png?width=4096&format=png&auto=webp&s=37c5646667c955c949aebcf08ce45fcd5d25071b)](https://preview.redd.it/qn81b10c80471.png?width=4096&format=png&auto=webp&s=37c5646667c955c949aebcf08ce45fcd5d25071b)
+
+Last but not least a short comparison of [http://fintel.io](https://t.co/pCTwICFshn?amp=1) and me. - And to conclute the results short📷: The Short Volume Ratio is way higher then [http://fintel.io](https://t.co/pCTwICFshn?amp=1) is reporting what could mislead investors. 5/5
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/xw17p0af80471.png?width=1649&format=png&auto=webp&s=824198d321e261d0aca233a75961467dafcc921d)](https://preview.redd.it/xw17p0af80471.png?width=1649&format=png&auto=webp&s=824198d321e261d0aca233a75961467dafcc921d)
+
+----------------------------------
+
+I've copied his screenshots and his comments verbatim, as it's either ok to use all of it or none of it 😉
+
+So Judging by this I AM BULLISH MY BOYS!
+
+the fact that an institution like Finra and Fintel are able to blatantly manipulate their numbers in such a way and still be able to get corrected by a couple of smooth brained apes is amazing in my book and not in a good way, which also wraps up nicely into my next point.
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/b8nrrptk90471.png?width=680&format=png&auto=webp&s=4f2c7e047610176963ad51671406c0407428cecc)](https://preview.redd.it/b8nrrptk90471.png?width=680&format=png&auto=webp&s=4f2c7e047610176963ad51671406c0407428cecc)
+
+Fintel knows it did a fucky wucky
+
+[u/dlauer](https://www.reddit.com/u/dlauer/) did a thread on it [here](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/mq13nwqy90471.png?width=960&format=png&auto=webp&s=96603904e010bbd97d4cf33bc59f9562b66f9a6c)](https://preview.redd.it/mq13nwqy90471.png?width=960&format=png&auto=webp&s=96603904e010bbd97d4cf33bc59f9562b66f9a6c)
+
+Largest Reverse Repo of all time..
+
+0:00
+
+4:30
+
+Wes Cristion's interview from yesterday
+
+"The FCC has fined a bunch of them ... for pre-programing computers to say a hard to borrow stock is easy to borrow" - Wes Christian
+
+So...
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/ofpbwxukb0471.png?width=1191&format=png&auto=webp&s=67e9d71d8a2c4317c644888fafce90c1b993de0a)](https://preview.redd.it/ofpbwxukb0471.png?width=1191&format=png&auto=webp&s=67e9d71d8a2c4317c644888fafce90c1b993de0a)
+
+This 1% has been bullshit all this time? it's almost like... oh I don't know, the "dumb money" was right all along?
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/0q38n8crb0471.png?width=960&format=png&auto=webp&s=3e72b9dbdae78f1534d7bf22223966adb0b2d7c4)](https://preview.redd.it/0q38n8crb0471.png?width=960&format=png&auto=webp&s=3e72b9dbdae78f1534d7bf22223966adb0b2d7c4)
+
+go get m boys
+
+The Russel 1000
+
+You've most likely been hearing a lot of this in the past week, and just like me you have no clue what the difference is/was with the russel 1000 and 2000, what it means and how it works.
+
+Thank god for smarter apes like [u/Region-Formal](https://www.reddit.com/u/Region-Formal/) for making awesome threads like this one [here](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+he goes over the facts of what the difference is, what it can mean for the stock price what it can mean when it moves and everything you should know about the topic.
+
+The exponential floor
+
+Thanks to [u/JTH1](https://www.reddit.com/u/JTH1/) for making this
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/k7n3buznc0471.png?width=640&format=png&auto=webp&s=93897e3fc787e45e3bbbda7ea3cfbfc04d33c766)](https://preview.redd.it/k7n3buznc0471.png?width=640&format=png&auto=webp&s=93897e3fc787e45e3bbbda7ea3cfbfc04d33c766)
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/xteqz4lfc0471.png?width=888&format=png&auto=webp&s=fd2cc78937356c12bb42265ab1064349ac79b20a)](https://preview.redd.it/xteqz4lfc0471.png?width=888&format=png&auto=webp&s=fd2cc78937356c12bb42265ab1064349ac79b20a)
+
+How GameStop is using it's 10k to fight back against targeted naked short selling.
+
+Written by our very own lovely [u/luridess](https://www.reddit.com/u/luridess/) in her thread [here](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+It's written so well that it would be a disservice to do a TLDR, just go check her thread.
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/ooj2h59hd0471.png?width=554&format=png&auto=webp&s=615213948440b3c5ae8ba3a05d2950843efd8b43)](https://preview.redd.it/ooj2h59hd0471.png?width=554&format=png&auto=webp&s=615213948440b3c5ae8ba3a05d2950843efd8b43)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/bdkfrtcjd0471.png?width=400&format=png&auto=webp&s=94878e83002b367b62eed75e2165aff981c95048)](https://preview.redd.it/bdkfrtcjd0471.png?width=400&format=png&auto=webp&s=94878e83002b367b62eed75e2165aff981c95048)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting 1 days to go, and only 2 trading days, LETSGOOO! LFG
+
+[![r/Superstonk - The Daily Stonk 06-08-2021](https://preview.redd.it/uokqs8nnd0471.png?width=1280&format=png&auto=webp&s=ceb45e4b3dbe26a2907283a8361f064d5ac974c3)](https://preview.redd.it/uokqs8nnd0471.png?width=1280&format=png&auto=webp&s=ceb45e4b3dbe26a2907283a8361f064d5ac974c3)
+
+Majora's Short

Daily-Synopsis-Archives/2021-06-09-Synopsis.md

@@ -0,0 +1,200 @@
+The Daily Stonk 06-09-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvrh9t/the_daily_stonk_06092021/) | 
+
+---
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/nzghkpxaa7471.png?width=1600&format=png&auto=webp&s=7348286dfd1c249e7f1b8e51fc4f9079cc64aaac)](https://preview.redd.it/nzghkpxaa7471.png?width=1600&format=png&auto=webp&s=7348286dfd1c249e7f1b8e51fc4f9079cc64aaac)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/jrm3zdgca7471.png?width=680&format=png&auto=webp&s=a3c30c7c5ce8d4d8e9717d607dae452c83d62d9d)](https://preview.redd.it/jrm3zdgca7471.png?width=680&format=png&auto=webp&s=a3c30c7c5ce8d4d8e9717d607dae452c83d62d9d)
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/58yyntlpe7471.png?width=960&format=png&auto=webp&s=3d2ea206ff4032c5571e42402210c6dab427297a)](https://preview.redd.it/58yyntlpe7471.png?width=960&format=png&auto=webp&s=3d2ea206ff4032c5571e42402210c6dab427297a)
+
+SPARTAAAANS!
+
+Reverse Repo
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/yp0wzov0b7471.png?width=960&format=png&auto=webp&s=1c88d35ea2d5e96002e8b1a558bc783fa6fb4134)](https://preview.redd.it/yp0wzov0b7471.png?width=960&format=png&auto=webp&s=1c88d35ea2d5e96002e8b1a558bc783fa6fb4134)
+
+Just like clockwork, the reverse repo is going up once again, 497 Billion for 46 participants.
+
+Yeah they need cash for some reason, and the most logical one for me is the meme stocks (GME AMC BB NOK etc), because [u/Rossaldihno](https://www.reddit.com/u/Rossaldihno/) found something yesterday which is a headscratcher at minimum.
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/fe3nrwmkb7471.png?width=3088&format=png&auto=webp&s=d969c328c820e9916ce2b5dacef4bf2947cab0ad)](https://preview.redd.it/fe3nrwmkb7471.png?width=3088&format=png&auto=webp&s=d969c328c820e9916ce2b5dacef4bf2947cab0ad)
+
+BRK-A inversed of GME
+
+at the same time we've seen gme spike we have seen everything else go down, from the rest of the market they normally hedge with, to even crypto going down just before Green days.
+
+if it happens once or twice it can be a coincidence, when it keeps happening it's a pattern.
+
+$clov
+
+So you've most likely seen the ticker $clov get spammed lately, but some smart apes found out Citadel LLC 13-F filing for 523,775 shares of $CLOV. and guess what sub is currently shilling this one hard.
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/grumfuy8c7471.png?width=1080&format=png&auto=webp&s=af8fc93b3d0e5b8c7ca28abb158aee98964669c4)](https://preview.redd.it/grumfuy8c7471.png?width=1080&format=png&auto=webp&s=af8fc93b3d0e5b8c7ca28abb158aee98964669c4)
+
+u/StarPlatinum82
+
+SEC webinar
+
+Thanks to [u/chosedemarais](https://www.reddit.com/u/chosedemarais/) we have a play by play of this meeting, just like the House of financial hearing, it was nothing more than a circle jerk and everyone saying we are doing the best with giving non answers.
+
+He has posted a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nvahgb/reminder_sec_webinar_for_retail_investors_at_5pm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/e05tgib8d7471.png?width=681&format=png&auto=webp&s=2337340a3c601065af4bddebd83c6b243c75699e)](https://preview.redd.it/e05tgib8d7471.png?width=681&format=png&auto=webp&s=2337340a3c601065af4bddebd83c6b243c75699e)
+
+Mark the naked shorts as NSFW maybe these idiots will find it then
+
+The corruption of the SEC, over decades and till today
+
+Lucy Komisar has written a piece on how corrupt these guys have been since the beginning, be sure to check it out here:
+
+<https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/>
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/krzx0subi7471.png?width=960&format=png&auto=webp&s=73b14ee5d8abccfd51beed1d89c6c99fd994854f)](https://preview.redd.it/krzx0subi7471.png?width=960&format=png&auto=webp&s=73b14ee5d8abccfd51beed1d89c6c99fd994854f)
+
+DTC-2021-009 is out.
+
+I've not yet had the chance to read it, but it's out and perhaps another smarter person could take a look at this ;)
+
+<https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=DTC&pgs=1>
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/szbvrfzqi7471.png?width=640&format=png&auto=webp&s=9863c16b57cbbe8db98ccabfd2637f7d5af3dbcc)](https://preview.redd.it/szbvrfzqi7471.png?width=640&format=png&auto=webp&s=9863c16b57cbbe8db98ccabfd2637f7d5af3dbcc)
+
+From russel 2000 to 1000
+
+Yesterday I linked to a thread going into some detail on the entire thing that is the change of the russel 2000 to 1000, that user has given an update on that so I thought I should link it for everyone to see ;)
+
+check the thread out [here](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/84a8k7zci7471.png?width=960&format=png&auto=webp&s=f546bf54a3b069e48e601d3165ddd542107d086d)](https://preview.redd.it/84a8k7zci7471.png?width=960&format=png&auto=webp&s=f546bf54a3b069e48e601d3165ddd542107d086d)
+
+Satori: The One Week Security Update
+
+Our very own Optimus Primal (robo Harambe) has been active for over a week now so one of it's creators has written an update about the entire thing, there are some import bits of information in there regarding Satori so be sure to check [This thread](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/l1hvb1yxe7471.png?width=532&format=png&auto=webp&s=db3c61ca76955dc3e0dde6f1aab33bd3736f7288)](https://preview.redd.it/l1hvb1yxe7471.png?width=532&format=png&auto=webp&s=db3c61ca76955dc3e0dde6f1aab33bd3736f7288)
+
+The annual shareholder meeting
+
+Ok let's get over a couple of basics here just to be sure.
+
+There is no media allowed to attend the meeting, from experience this tells me that they wont be able to get inside but they will still be outside trying to make every retail investor look like a fucking idiot.
+
+There will be paid shills outside making a mockery or trying to pull some bullshit, so lets agree on some guidelines if you're a real ape attending.
+
+1.  Dress accordingly, this doesn't mean wear a suit but don't look like a basement dweller who never sees sunlight.
+
+2.  Be polite, be OVERLY nice, remember be excellent even outside the sub, they want to paint you as retards, don't give them the chance
+
+3.  Be sure to pick up your trash, don't dump shit and just let it sit there, clean up after yourselves.
+
+4.  If you guys gather do so peacefully
+
+5.  There will be people trying to cause a scene (remember the paid shills here?), distance yourselves from them, do not engage no matter what
+
+6.  Keep in the back of your mind that everyone will be watching, they've said horrible things about us, prove them wrong by being the most respectable, most Excellent shareholders ever.
+
+I have faith that even the most smooth brained apes here can do this without any trouble, make papa Cohen proud.
+
+But it will be more than just GME doing the streaming, we'll be joining in as well!
+
+Because we expect George Sherman to have the same monotone and deadpan delivery (I'm still expecting him to be booted after this), we're going to go over their Annual shareholder meeting live on the Superstonk youtube channel.
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/ziur0g68h7471.png?width=886&format=png&auto=webp&s=bc116c4d64cc16d6ba88d6f5f1ce6cad35ec52e6)](https://preview.redd.it/ziur0g68h7471.png?width=886&format=png&auto=webp&s=bc116c4d64cc16d6ba88d6f5f1ce6cad35ec52e6)
+
+Shareholder Meeting Coverage
+
+10 a.m. Eastern / 9:00 a.m. CT (16:00 European time)
+
+Stream: <https://youtu.be/a4SicgRYTmk>
+
+Join us for a live stream like no other, with apes in Grapevine, TX ready to share footage and feedback on the GameStop Shareholder Meeting on June 9, 2021.
+
+10 a.m. EDT / 9 a.m. CT - Live Pre-Meeting Commentary
+
+11 a.m. EDT / 10 a.m. CT - Shareholder Meeting Live Coverage
+
+11:30 a.m. EDT / 10:30 a.m. CT - Live Post-Meeting Commentary
+
+12:00 p.m. EDT / 11:00 a.m. CT - Additional Commentary and Discussion
+
+Monkey Business
+
+4:30 p.m. Eastern / 3:30 p.m. (22:30, Eastern Time (ET) )
+
+CT Stream: <https://youtu.be/UDKC_oXqhGM>
+
+Join the ape community for a panel discussion about the current events of the stock trading world.
+
+Today's session will be hosted by jsmar18 and sharkbaitlol with various apes as guests!
+
+Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure.
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/zn8g55gsi7471.png?width=554&format=png&auto=webp&s=17e464e69c4e4e1d835074fd5908aee5230f7d48)](https://preview.redd.it/zn8g55gsi7471.png?width=554&format=png&auto=webp&s=17e464e69c4e4e1d835074fd5908aee5230f7d48)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/pf0b1ymui7471.png?width=400&format=png&auto=webp&s=928125a760a9534eacaba34b499b4cf09e98eaed)](https://preview.redd.it/pf0b1ymui7471.png?width=400&format=png&auto=webp&s=928125a760a9534eacaba34b499b4cf09e98eaed)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Countdown to the Annual shareholder meeting is today, LETS GO!
+
+[![r/Superstonk - The Daily Stonk 06-09-2021](https://preview.redd.it/rw6mu9p0j7471.png?width=1280&format=png&auto=webp&s=55b5e06fc6cb8838b9192cecf1fe74fd0b1d6c39)](https://preview.redd.it/rw6mu9p0j7471.png?width=1280&format=png&auto=webp&s=55b5e06fc6cb8838b9192cecf1fe74fd0b1d6c39)
+
+Majora's Short
+
+Before I go there are a few things I want to make clear to everyone, today is the shareholders meeting, this doesn't mean everything will pop off today, the announcements that are being made today can take weeks to take full swing.
+
+If we hear about NFT dividends, it wont be issued right here right now, the odds are greater we'll see this in a few weeks, if we hear about new business ventures, mergers etc these things take time.
+
+Remember we can stay ape longer then they can stay solvent ;)
+
+For all my apes out there I love you and if you're out there in Grapevine, you may see some familiar faces from here pop up <3 be Excellent to each other !

Daily-Synopsis-Archives/2021-06-10-Synopsis.md

@@ -0,0 +1,248 @@
+The Daily Stonk 06-10-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwj95f/the_daily_stonk_06102021/) | 
+
+---
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/p7qh3whzde471.png?width=1600&format=png&auto=webp&s=87579d5918f1efd7a7c98234519b6c2d6b2a3070)](https://preview.redd.it/p7qh3whzde471.png?width=1600&format=png&auto=webp&s=87579d5918f1efd7a7c98234519b6c2d6b2a3070)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/nqplhq91ee471.png?width=680&format=png&auto=webp&s=b1e578460e7b924a8d1f3c560507c8ba95d19ff5)](https://preview.redd.it/nqplhq91ee471.png?width=680&format=png&auto=webp&s=b1e578460e7b924a8d1f3c560507c8ba95d19ff5)
+
+GME what we learned yesterday
+
+-   Smaller than expected net income loss
+
+-   More than $770MM cash on the balance sheet
+
+-   Poached key Amazon executives
+
+-   Pivot to E-commerce
+
+-   In addition to ex-Amazon hires, ex-FB and google
+
+-   New NFT platform
+
+-   No debt
+
+-   Price matching
+
+-   Same day delivery, new fulfilment centres
+
+-   Social media presence
+
+-   Opening community hubs for gaming
+
+-   Brand recognition
+
+All this aaaaand the stock price goes down... wut?
+
+A lot of information was dumped yesterday all at once, so let's get cracking shall we dudes?
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/2vay5eisee471.png?width=1286&format=png&auto=webp&s=2abf52e1bdd33cbe4a4958436701447f6e2e3a10)](https://preview.redd.it/2vay5eisee471.png?width=1286&format=png&auto=webp&s=2abf52e1bdd33cbe4a4958436701447f6e2e3a10)
+
+Diana Saadeh-Jajeh (current interim Chief financial officer) will be replaced by Mike Recupero, and will be stepping down to her old position.
+
+Matt Furlong will be the new CEO for GME, start date is June 21st.
+
+Mike Recupero the new CFO Start July 12th
+
+[Source](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and)
+
+Matt Furlong:
+
+Matt has been with Amazon for the past 8/9 years and has extensive knowledge of the technical side of things and has been the "country leader" for amazon for the past 2 years.
+
+Mike Recupero:
+
+Mike has been with Amazon for the past 17 years, he has experience with among other things the financial planning, digital advertisement, consumer business end, being the VP finance and CFO for Amazon Prime video and was the vp and CFO for north america.
+
+Even though we may not know a lot about these guys right now I'm sure that RC has chosen these people for a reason and as he said it "putting the right pieces in the right places".
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/ezkb709fge471.png?width=661&format=png&auto=webp&s=75f898434ca538b493ac64799bf9495d1b7d2a2b)](https://preview.redd.it/ezkb709fge471.png?width=661&format=png&auto=webp&s=75f898434ca538b493ac64799bf9495d1b7d2a2b)
+
+GameStop Releases First Quarter 2021 Financial Results
+
+Form 8-K
+
+<https://gamestop.gcs-web.com/node/18941/html>
+
+Ok wow, lets go over some bulletins points what is in the 8k (I'll go over the details in a bit).
+
+First Quarter Fiscal 2021 Highlights
+
+-   Net sales increased 25.1% to $1.277 billion, compared to $1.021 billion in the fiscal 2020 first quarter, overcoming a nearly 12% reduction in the Company's global store base due to strategic de-densification efforts, and continued store closures across Europe due to the COVID-19 pandemic;
+
+-   Gross margin was 25.9%, a decline of 180 basis points compared to the fiscal 2020 first quarter;
+
+-   Reported selling, general and administrative expenses were $370.3 million, a decline of $16.2 million, or 4.2%, from $386.5 million in the fiscal 2020 first quarter. Adjusted for severance, transformation and other costs, selling, general and administrative expenses were $351.7 million, a decline of $29.5 million, or 7.7%, from $381.2 million in the fiscal 2020 first quarter;
+
+-   Operating loss of ($40.8) million compared to ($108.0) million in the fiscal 2020 first quarter. Adjusted operating loss of ($21.6) million compared to ($98.8) million in the fiscal 2020 first quarter;
+
+-   Net loss of ($66.8) million, or ($1.01) per diluted share as compared to net loss of ($165.7) million, or ($2.57) per diluted share, in the fiscal 2020 first quarter. Adjusted net loss of ($29.4) million or ($0.45) per diluted share, compared to adjusted net loss of ($157.6) million or ($2.44) per diluted share in the fiscal 2020 first quarter;
+
+-   Adjusted EBITDA of ($0.7) million compared to ($75.5) million in the fiscal 2020 first quarter, and;
+
+-   Income tax expense was $1.3 million compared to income tax expense of $50.4 million in the fiscal 2020 first quarter.
+
+Ok so this is all good news right? then why the fuck is MSM reporting it like they had extreme losses?
+
+Going off of these numbers alone its amazing, zero debt, an increase in sales and cutting global operating by over half
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/taktybdehe471.png?width=1182&format=png&auto=webp&s=0f805e5ce78e66d29bb4e56a0e546c0e836dc6e4)](https://preview.redd.it/taktybdehe471.png?width=1182&format=png&auto=webp&s=0f805e5ce78e66d29bb4e56a0e546c0e836dc6e4)
+
+the 5.000.000 share offering
+
+<https://gamestop.gcs-web.com/node/18961/html>
+
+I still need to go over this one with a fine tooth comb to find everything that is in this document, the things that do stand out to me are just with the last share offering, they can offer up to 5 million shares OR a max aggregate of $1,276,950,000 usd.
+
+What the exact details of the share offering is right now, I can't say but I will be going over everything as well as I can along with others and expect us to have more information in the days to come.
+
+The 10-Q
+
+<https://gamestop.gcs-web.com/node/18951/html>
+
+this one ties back to the quarterly report, but with more details inside, one of those details that caught my eye however is the last sentence of page 21
+
+> On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us.
+
+Hmm may 26th what did Cohen post a few days later? oh yeah riiiight RIP DUMBASS
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/yq9cpc17je471.png?width=461&format=png&auto=webp&s=4c20c655e5592c3f470ef8b48dba0ecb40c4b230)](https://preview.redd.it/yq9cpc17je471.png?width=461&format=png&auto=webp&s=4c20c655e5592c3f470ef8b48dba0ecb40c4b230)
+
+The 14-A
+
+<https://news.gamestop.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc>
+
+2021 Proxy Statement Notice of 2021 Annual Meeting of Stockholders to Be Held on June 9, 2021
+
+This seems to be the proxy voting materials that other people had already received before the meeting, but as per rules they have to disclose this after, as per the rules
+
+I want to give a shoutout to [u/jth1](https://www.reddit.com/u/jth1/) for his exponential floor, because it seems to be accurate as hell for at least finding the lowest points for the stonk, which is awesome to have right now
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/uj0tiophje471.png?width=640&format=png&auto=webp&s=e8d0b5b61be2106ba3e324f1e2dce8cc65d7dcdb)](https://preview.redd.it/uj0tiophje471.png?width=640&format=png&auto=webp&s=e8d0b5b61be2106ba3e324f1e2dce8cc65d7dcdb)
+
+So buckle up
+
+Reverse Repo hit 502.904 billion with 59 party members
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/ur2oge7nje471.png?width=960&format=png&auto=webp&s=f8c21a2d44ace62da2eb77f71302426d6954af03)](https://preview.redd.it/ur2oge7nje471.png?width=960&format=png&auto=webp&s=f8c21a2d44ace62da2eb77f71302426d6954af03)
+
+For the people who expected yesterday we'd hear the overvoting, lets remember what Wes Christian said;
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/hey09fyuje471.png?width=828&format=png&auto=webp&s=8b29000f6a5dede2a3f71948d9ba3354abe8514b)](https://preview.redd.it/hey09fyuje471.png?width=828&format=png&auto=webp&s=8b29000f6a5dede2a3f71948d9ba3354abe8514b)
+
+Also lets look at some of the data we DO have.
+
+The float on april 14th/15th was 54.16M [source](https://web.archive.org/web/20210414170020/https://finviz.com/quote.ashx?t=GME)
+
+The votes yesterday came to about 55M Votes that's the entire float right?
+
+So how come a lot of apes couldn't vote, lots of people being locked out, Etoro reporting only 63% have voted!
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/74o6bhbeke471.png?width=640&format=png&auto=webp&s=ae12f546f4d6dd2eccf5a9dcf21f055a8bbfb373)](https://preview.redd.it/74o6bhbeke471.png?width=640&format=png&auto=webp&s=ae12f546f4d6dd2eccf5a9dcf21f055a8bbfb373)
+
+Not only to mention all the people who couldn't vote at all, the people who have added more shares to their account since april 15th (2 months of buying the dip), and brokers perhaps culling the voting numbers because let's remember what we have heard from the past ama's
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/47oigizale471.png?width=640&format=png&auto=webp&s=d154ad30d59d15240a455cd295f80cd25591d114)](https://preview.redd.it/47oigizale471.png?width=640&format=png&auto=webp&s=d154ad30d59d15240a455cd295f80cd25591d114)
+
+Also on the votes check out this [thread](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) by [u/stronkape89](https://www.reddit.com/u/stronkape89/)
+
+You can't report an overvote on an 8k form, we have seen fud like this before were we EXPECTED to see some sort of information in the document only to not have it and people would spread fud about it.
+
+Or as the top comment on there even says by [u/Sioned-Song](https://www.reddit.com/u/Sioned-Song/)
+
+> Gamestop 8K doesn't have a final vote count.
+>
+> Compare last year's:<https://investor.gamestop.com/node/18081/html>
+>
+> To this year's:<https://investor.gamestop.com/node/18956/html>
+>
+> Last year there is a statement with the total number of votes. That statement is missing from this year's document.
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/gwom0rdxne471.png?width=960&format=png&auto=webp&s=0972fc548f55e1b5db812f398248dd59ff59f29d)](https://preview.redd.it/gwom0rdxne471.png?width=960&format=png&auto=webp&s=0972fc548f55e1b5db812f398248dd59ff59f29d)
+
+it always was
+
+this along with the SEC probe leads me to believe there is more at play here in the backstage that we just don't know about and we will have to wait to see what the results are regarding this, However reading all this I personally believe that we do still own the float, and nothing has changed.
+
+Yesterday we saw a lot of attempts of FUD, and my god do I love Satori it was easy and simple to actually pick a lot of these idiots out, mostly new or newish accounts or revived dead accounts suddenly springing back to life to attack every chance they got, be it from attacking mods, people and the always classic "better sell, it's over" schtick.
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/6e3vgpmrne471.png?width=577&format=png&auto=webp&s=49a087966b762bdc325def13727ac888e59aecbf)](https://preview.redd.it/6e3vgpmrne471.png?width=577&format=png&auto=webp&s=49a087966b762bdc325def13727ac888e59aecbf)
+
+Breaking news, GME price falls to levels not seen since... 3 days?
+
+Seriously for the new apes just relax guys, we expected this to be a long hard ride, but... a flash crash attempt and the stock only goes down 30/40 bucks... ok... that's nothing lol.
+
+The thesis still stands
+
+Buy and hold, and now we can add "buckle up" to it.
+
+there are still a lot of things we don't know what GME is going to do with them, the Microsoft partnership, the nft, the ecommerce side of things, how they're going to adapt and pivot exactly (futures road map) so we hodl.
+
+Again there was a lot of information that got dumped yesterday so it will take a few days until we have combed through everything and found all the information, so everything in here is just preliminary.
+
+As soon as we all find stuff you'll see it pop up, I know lots of apes are currently hard at work getting to the bottom of everything because I'm with a group of people investigating some parts and I'm sure we are not the only ones, so relax sit back, read the documents, and if you grow a wrinkle share it with the group <3
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/8qgymimloe471.png?width=554&format=png&auto=webp&s=37ed9b2bfa93f8c4bec798af80da52bee95ab282)](https://preview.redd.it/8qgymimloe471.png?width=554&format=png&auto=webp&s=37ed9b2bfa93f8c4bec798af80da52bee95ab282)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/za8fahwnoe471.png?width=400&format=png&auto=webp&s=2b2ce96b144548800f99aa25382df3d8f0b41c67)](https://preview.redd.it/za8fahwnoe471.png?width=400&format=png&auto=webp&s=2b2ce96b144548800f99aa25382df3d8f0b41c67)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+Edit 1:
+
+Short Volume Ratio Update for 9. June 2021 [#GME](https://twitter.com/hashtag/GME?src=hashtag_click) from AnnihilationGod
+
+<https://twitter.com/Annihil4tionGod/status/1402908783525961729>
+
+[![r/Superstonk - The Daily Stonk 06-10-2021](https://preview.redd.it/ggwxmpw5re471.png?width=4096&format=png&auto=webp&s=25378ad9313ffe18a97dc465d17b4a45785e8296)](https://preview.redd.it/ggwxmpw5re471.png?width=4096&format=png&auto=webp&s=25378ad9313ffe18a97dc465d17b4a45785e8296)
+
+hmmmm my wrinkle in crinkling 🤔

Daily-Synopsis-Archives/2021-06-11-Synopsis.md

@@ -0,0 +1,185 @@
+The Daily Stonk 06-11-2021
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxbw7s/the_daily_stonk_06112021/) | 
+
+---
+
+[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/xsswlws4ol471.png?width=1600&format=png&auto=webp&s=558b04ade84e360e8b261b2920e4a1029234320b)](https://preview.redd.it/xsswlws4ol471.png?width=1600&format=png&auto=webp&s=558b04ade84e360e8b261b2920e4a1029234320b)
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+*insert flashy intro card*
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/b55a4qk6ol471.png?width=680&format=png&auto=webp&s=2c8631147372ac92efd6b5bebe97fcbf6296828e)](https://preview.redd.it/b55a4qk6ol471.png?width=680&format=png&auto=webp&s=2c8631147372ac92efd6b5bebe97fcbf6296828e)
+
+You get a reverse repo, you get one, everyone gets one!
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/kwcoif2lol471.png?width=640&format=png&auto=webp&s=a0ed060a09ae96513d640e101c23393c145a163d)](https://preview.redd.it/kwcoif2lol471.png?width=640&format=png&auto=webp&s=a0ed060a09ae96513d640e101c23393c145a163d)
+
+Reverse repo's have hit a all time high again for the 5th day in a row?
+
+I remember reading there was a 500 B maximum or 80 B per participant max, but then again what is 4 trillion split among friends right?
+
+Also because there seems to be some misinformation regarding repo's lets check it real quick
+
+*In a macro example of RRPs, the Federal Reserve Bank (Fed) uses repos and RRPs in order to provide stability in lending markets through open market operations (OMO). The RRP transaction is used* *less* *often than a repo by the Fed, as a repo puts money into the banking system when it is short, whereas an RRP borrows money from the system when there is too much liquidity. The Fed conducts RRPs in order to maintain long-term monetary policy and ensure capital liquidity levels in the market.*
+
+Source: <https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp>
+
+A lot of people here seem to think that the fed is lending the hedgefunds money but this time its the other way around, the feds are the ones taking money and not lending it, but again seeing that it has a 0.0% award (no motivation for the others to participate) I believe they are "parking" money there because there is nothing out there that's a better spot.
+
+Seeing a lot of people (like big brain Dr. Michael Burrrrrry) believe there is a huge market crash coming, it may be one of the better places to park your money because even if the rest of the market goes bust, the government (fed) will still have most of your money, so the reverse repo could in theory be used as a hedge against a market crash.
+
+(or as I believe may be the problem, hedgefunds like Citadel going bust would cause a "contagion" effect once they go bust, resulting in an overall market crash)
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/btg538upql471.png?width=855&format=png&auto=webp&s=31c37a5ae0d163bcfee15ef33c6aa6b5ba8afbf9)](https://preview.redd.it/btg538upql471.png?width=855&format=png&auto=webp&s=31c37a5ae0d163bcfee15ef33c6aa6b5ba8afbf9)
+
+thanks to u/Shiba_me_timbers
+
+New fair value for the stonk
+
+Morning star has released their new "fair value" estimation for the stock.
+
+it currently sits at 315.98 usd per share, meaning that by todays estimates of the stock (current price is 231.80) is heavily underpriced.
+
+But that dip yesterday... hmmm gme said they may offer 5 million more shares right ? and the float was 70.7 million shares
+
+Addendum:
+
+it seems that the ortex data picture was debunked so I've removed it, as we can not confirm this is indeed a share offering or not (the filing is worded in a way that they reserve the right to do so and this is very normal for any annual meeting docs, then we don't know if and when they will be offered) so the next segment will be crossed out as I no longer believe these parts to be correct
+
+~~Seems GME has added 3.57 million shares yesterday, meaning that today they can offer another 1.43 million shares, we get a massive dip and most likely see it rebound back to (at least) the minimum fair value.~~
+
+And I'm currently still going through the filings from the annual shareholder meeting, but this would give them over a billion dollars extra bringing up their cash in hand to almost two billion usd. they could use that money for an extremely big variety of reasons, they can buy other companies, they can expand in certain areas they're not currently in or even pay for a special dividend
+
+filing that seems to be connected to this: <https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm>
+
+One thing that I also believe that may be an option as of right now but is extremely tinfoilling hard.
+
+Currently RC owns 12% and had a deal with the old board that he wouldn't buy more then 20%, perhaps with the new board in place his deal gets changed and he can buy more than the originally agreed 20%, or with the new share offering he can buy those and get up to the 20% mark and not be in breach of the contract.
+
+Again that last part is pure speculation on my end and have nothing to back that up with.
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/9hnrxszksl471.png?width=600&format=png&auto=webp&s=dac32185118bf43ea270fe72c60424c5a2d004f0)](https://preview.redd.it/9hnrxszksl471.png?width=600&format=png&auto=webp&s=dac32185118bf43ea270fe72c60424c5a2d004f0)
+
+our in house exponential floor guy [u/JTH1](https://www.reddit.com/u/JTH1/) has been doing a chart for some time now and god damn it holds up...
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/7blmqibrsl471.png?width=640&format=png&auto=webp&s=2637348278dd874bea3a6dc114c6effdca595577)](https://preview.redd.it/7blmqibrsl471.png?width=640&format=png&auto=webp&s=2637348278dd874bea3a6dc114c6effdca595577)
+
+in his own words:
+
+06/10 UPDATE: Broke the log-floor by ~1% ( ~5% in linear price scale ). I'd say that's within the reasonable margin of error for an equation I eyeballed ~4 weeks ago,
+
+he originally made this weeks ago and posted [here](https://www.reddit.com/r/Superstonk/comments/ng2uzn/exponentially_increasing_floor_confirmed/) on how the floor is linear and exponential and other smart brain talk but, seeing he eyeballed this motherfucker 4 weeks in advance within a <1% margin of error... he may be the most wrinkly log ape we have here.
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/runh2auqtl471.png?width=860&format=png&auto=webp&s=bb2a62fb4300e7c9a96772b2e8a0ee153404e7e7)](https://preview.redd.it/runh2auqtl471.png?width=860&format=png&auto=webp&s=bb2a62fb4300e7c9a96772b2e8a0ee153404e7e7)
+
+Melvin loses more paper... again
+
+<https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510>
+
+Remember until they close out their positions all these losses you hear about are losses on paper alone.
+
+Looks like the SEC finally has a porn blocker
+
+<https://twitter.com/domocapital/status/1403071172141531138?s=27>
+
+"At a Wall Street Journal conference earlier this week, Gensler said that the agency was looking at how an increasing proportion of trading occurs off exchanges, on platforms run by high-frequency traders." Now we know where Gary gets his DD: [r/Superstonk](https://www.reddit.com/r/Superstonk/)
+
+Rememeber that 10Q filing ?
+
+<https://gamestop.gcs-web.com/node/18951/html>
+
+> On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us.
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/0ovnjmrmul471.png?width=480&format=png&auto=webp&s=3367ab839ebf5b50ba5d72f358001f1bbb181b4f)](https://preview.redd.it/0ovnjmrmul471.png?width=480&format=png&auto=webp&s=3367ab839ebf5b50ba5d72f358001f1bbb181b4f)
+
+Inflation is up once more
+
+<https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live>
+
+And remember everyone the weekend is upon us, go outside have some fun, there is no need to fight the trolls/shills here in the weekend ;)
+
+go and have some fun
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/6prxhq2mvl471.png?width=554&format=png&auto=webp&s=c5a5fd40d4f3afbfec73b0fd314071129690adac)](https://preview.redd.it/6prxhq2mvl471.png?width=554&format=png&auto=webp&s=c5a5fd40d4f3afbfec73b0fd314071129690adac)
+
+EXCELLENT!
+
+Be friendly, help others!
+
+as always we are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+Ape don't fight ape, apes help other apes
+
+this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
+
+remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can!
+
+Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/z5pmcmgovl471.png?width=400&format=png&auto=webp&s=51f5c8819f388d55b47f218bada2e3890851b2be)](https://preview.redd.it/z5pmcmgovl471.png?width=400&format=png&auto=webp&s=51f5c8819f388d55b47f218bada2e3890851b2be)
+
+remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
+
+If anything happens throughout the day we will be adding it here.
+
+backups:
+
+<https://twitter.com/rensole>
+
+<https://twitter.com/PinkCatsOnAcid>
+
+<https://twitter.com/RedChessQueen99>
+
+<https://twitter.com/ByeTriangle>
+
+<https://twitter.com/u_sharkbaitlol>
+
+<https://twitter.com/BradduckF>
+
+Edit: AnnulationGod's daily tracking of the volume
+
+[![r/Superstonk - The Daily Stonk 06-11-2021](https://preview.redd.it/soyiftgpwl471.png?width=4096&format=png&auto=webp&s=20670783d1265620d677c4034e2404bf33ced9cc)](https://preview.redd.it/soyiftgpwl471.png?width=4096&format=png&auto=webp&s=20670783d1265620d677c4034e2404bf33ced9cc)
+
+Edit 2:
+
+Due to a mix up on my part earlier (i included an Ortex image which was debunked) there have been some posts about the amount of shares
+
+Credits: [u/karasuuchiha](https://www.reddit.com/u/karasuuchiha/)
+
+> Edit: I want to be clear the dip can be both the ETF Shorting and a Gamestop Offering, but 🦍s wouldn't find out until well later during a quarterly report or announcement if Gamestop sells any shares.\
+> From an 🦍, the increase is from shares for the CEO and CFO, Shares sold from the offering won't be shown if any have been sold , atm we only know of Kenny doing the dip via ETFs and Mayo.\
+> Extra Data:\
+> The 71.9 (estimation so 71.8) Million shares is also in Gamestops 2021 Financial News Release\
+> "On April 26, 2021, the Company announced it raised approximately $551.7 million in net proceeds through the issuance of 3.5 million shares of common stock under its "at-the-market" equity offering program, resulting in total shares outstanding of approximately 71.9 million."
+
+Credits: [u/hudnetj23](https://www.reddit.com/u/hudnetj23/)
+
+> The part about the offering seems wrong. I don't know how to raise awareness about this other than commenting. I wrote you a message fering. The shares outstanding was 74.2718 but they recently restricted 2.436M shares which I presume to be for the CEO, CFO and Board members.\
+> Per Prospectus "The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date."\
+> "Common stock to be outstanding: Up to 76,815,131 shares (as more fully described in the notes following this table), assuming sales of 5,000,000 shares of our common stock in this offering."\
+> Source: sec.report and my bloomberg terminal. We won't know once the ATM offering is complete until they file with the SEC
+
+Thank you guys for giving feedback so fast and making sure we keep the info accurate
+
+Team work makes the dream work! Thank you!

Economic-Crisis/2021-05-12-US-Consumer-Prices-at-Highest-Level-since-2008.md

@@ -0,0 +1,13 @@
+US consumer prices at highest level since 2008 and core inflation at highest level since 1995
+=============================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/d14m0ndh4nd5](https://www.reddit.com/user/d14m0ndh4nd5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nansur/us_consumer_prices_at_highest_level_since_2008/) | 
+
+---
+
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+[![r/Superstonk - US consumer prices at highest level since 2008 and core inflation at highest level since 1995](https://i.redd.it/w0uaecjtqoy61.jpg)](https://i.redd.it/w0uaecjtqoy61.jpg)

Economic-Crisis/2021-05-13-Feds-are-Issuing-Billions-in-Emergency-Bail-Out-Loans-to-Financial-Institutions.md

@@ -0,0 +1,49 @@
+European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street... and the Feds Have Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days
+======================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/CuriousCatNYC777](https://www.reddit.com/user/CuriousCatNYC777/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) | 
+
+---
+
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+Original article: <https://www.money.it/Fed-repo-miliardi-Wall-Street>
+
+Translated from Italian to English using Google Translate (Italian Apes, feel free to correct)
+
+The Fed has guaranteed repo for 400 billion in two days: what happens on Wall Street?
+
+By Mauro Bottarelli (Money.it)
+
+ May 12th 2021
+
+*After yesterday's $181 billion, today another $209 towards 39 requesting institutions. Is someone running into margin calls that risk turning the snowball into an avalanche? Two clues: the greatest contribution to the record leap in inflation came from used cars (consumer credit). While the largest corporate bond ETF has just seen short interest soar over 20%. A tip: fasten your seat belts*
+
+[![r/Superstonk - European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street... and the Feds Have Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days](https://preview.redd.it/g0g840rgtty61.png?width=680&format=png&auto=webp&s=1a3629686110ec4830068c0f6b54325eb8553d1a)](https://preview.redd.it/g0g840rgtty61.png?width=680&format=png&auto=webp&s=1a3629686110ec4830068c0f6b54325eb8553d1a)
+
+It is not the deep red numbers of the indices that are scary, but what moves under the track. After the 181.8 billion in reverse repo kindly guaranteed by the Fed at zero interest to 28 financial institutions yesterday, it was repeated today. Another $ 209.25 billion at 0% against 39 bidders. In fact, in two days the Federal Reserve "lent" about 400 billion dollars to interest-free banks against collateral whose real mark-to-market seems to be implicitly priced in the crashes in progress. Translated further, someone in the last 48 hours had to cover something.
+
+Most likely, margin calls ready to explode. Exactly as happened overnight on the Taiwan Stock Exchange. There is no point in using polite euphemisms: for two days in a row, someone on Wall Street was bailed out by the Fed. And to do so they were forced to field just under half a trillion dollars. It means that what was about to happen was of enormous magnitude. The mind obviously runs to the wild leverage of subjects like ARK Investment or Ponzi schemes like that of Archegos or Greensill. In short, Level 3. But unfortunately, perhaps what is taking place is the classic historical moment in which resorting to Occam's razor guarantees the most effective result. Quite simply, the system is imploding from its excesses. And, even worse, the Fed is increasing its exposure in an emergency and forced attempt to plug the biggest holes.
+
+Today, the US CPI figure made an impression, the highest since 1981 with its + 0.9% on a monthly basis against expectations for 0.3%. But the disturbing data is contained in this graph:
+
+[![r/Superstonk - European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street... and the Feds Have Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days](https://preview.redd.it/hwnu7vmrtty61.png?width=528&format=png&auto=webp&s=38b2ca1b3f751e0f2e1ea8815e113f0c30c1ebbc)](https://preview.redd.it/hwnu7vmrtty61.png?width=528&format=png&auto=webp&s=38b2ca1b3f751e0f2e1ea8815e113f0c30c1ebbc)
+
+Source: Pearkes
+
+from which it is clear that the greatest contribution to that leap comes substantially from the used car sector. In fact, a critical multiplier within the real economy. On the one hand, in fact, it acts as a proxy for the production difficulties in the "new" branch due to the shortage of semiconductors, on the other it shows the nefarious and immediate effects of the deluge of liquidity that rained down on the current accounts of millions of Americans with the federal check Biden pandemic support plan.
+
+Further problem? Consumer credit based on this trend is, in fact, securitized in real time: when the frenzy of transfers through subsidies will end and purchasing power will be halved, what dynamics will be activated in the sector? The mind runs to subprime mortgages. But even worse is the scenario that this second graph shows us:
+
+[![r/Superstonk - European Financial News is Reporting Major MARGIN CALLS are Already Happening on Wall Street... and the Feds Have Quietly Issued Billions in Emergency Bail Out Loans to Financial Institutions Over the Past Two Days](https://preview.redd.it/fltyylzutty61.png?width=1200&format=png&auto=webp&s=486bb2934b4e4eb95cdf63be55da63515c5ad41d)](https://preview.redd.it/fltyylzutty61.png?width=1200&format=png&auto=webp&s=486bb2934b4e4eb95cdf63be55da63515c5ad41d)
+
+Source: Bloomberg
+
+which shows how the largest ETF linked to corporate debt, iShares iBoxx $ Investment Grade Corporate Bond (LQD), a $ 41 billion colossus, has just registered a short interest at 21.5% of the outstanding. The boiling price is frightening credit investors, so much so that in the face of a $ 15 billion inflow in 2020, the fund has already suffered $ 11.3 billion outflows since the beginning of the year.
+
+Excessive fear? Maybe. But only on one condition can a trend similar to a passing jolt be realistically declassified: a Fed that does not move an inch from its expansive profile. And, indeed, you increase the value of the intervention. Otherwise, the pressure will become unbearable. And those 400 billion reverse repo put in place in the last two days, in the light of all this, appear more and more the canary in the mine of a credit event waiting to be revealed. On the other hand, it was precisely an overnight jolt in September 2019 that brought the Fed back into the field after ten years on autopilot: it had to be a buffer intervention with repo auctions for a week. They turned into over seven months of billionaire tri-weekly allotments, in repo but also term mode. Dèjà vu, definitely dangerous?
+
+HOLY MOLY

Economic-Crisis/2021-06-06-Fourth-Largest-Canadian-Bank-to-Ban-Short-Selling-of-GME.md

@@ -0,0 +1,12 @@
+4th largest Canadian bank to ban short selling of GME and others. Buddy sent me this pic. Can this be confirmed?
+================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/speedyturtle4](https://www.reddit.com/user/speedyturtle4/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ntwd6q/4th_largest_canadian_bank_to_ban_short_selling_of/) | 
+
+---
+
+[Question ❓](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&restrict_sr=1)
+
+[![r/Superstonk - 4th largest Canadian bank to ban short selling of GME and others. Buddy sent me this pic. Can this be confirmed?](https://preview.redd.it/ixluw23nsp371.png?width=640&crop=smart&auto=webp&s=36f8a397f24777004792c86d0275f6318d89f89f)](https://i.redd.it/ixluw23nsp371.png)

Economic-Crisis/2021-06-07-Reverse-Repo-Reaches-Highest-Amount-Today.md

@@ -0,0 +1,12 @@
+So, the largest reverse repo in history was today, $486 billion..😳🍿👀 not my image. WRINKLES! where art thou? Does this mean what i think it means? Is this a metrick F@%! Ton of tiddies and tendie fuel?
+============================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Rowspicyplaydoe](https://www.reddit.com/user/Rowspicyplaydoe/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nuifwi/so_the_largest_reverse_repo_in_history_was_today/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+[![r/Superstonk - So, the largest reverse repo in history was today, $486 billion..😳🍿👀 not my image. WRINKLES! where art thou? Does this mean what i think it means? Is this a metrick F@%! Ton of tiddies and tendie fuel?](https://preview.redd.it/to6vvkqrqv371.jpg?width=960&crop=smart&auto=webp&s=e26ebcf50240e048e06bdafafafe3856581769c2)](https://i.redd.it/to6vvkqrqv371.jpg)

Economic-Crisis/2021-06-10-AMC-and-GME-will-be-apart-of-the-Next-Financial-Crisis.md

@@ -0,0 +1,82 @@
+AMC, GME Squeeze will be apart of the next financial crisis. Reverse Repo market and Synthetic Shares.
+======================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/scubasteve1234](https://www.reddit.com/user/scubasteve1234/) | [Reddit](https://www.reddit.com/r/amcstock/comments/nwc6vx/amc_gme_squeeze_will_be_apart_of_the_next/) | 
+
+---
+
+[DD](https://www.reddit.com/r/amcstock/search?q=flair_name%3A%22DD%22&restrict_sr=1)
+
+Hello, my fellow apes
+
+I am a 20 year old Canadian university student that invested in the original AMC "squeeze". I had little investing experience and knowledge, but over the past 6 months I have read so much to do with AMC and GME stock that I think this is going to be the next financial crisis. Here's a screenshot of my positions, as well you can check my post history. I am no shill.
+
+<https://imgur.com/a/e2kXPZ8>
+
+Let's begin, over the past few weeks the FED has been going crazy with reverse repo operations. Today they past their cap of 500 billion dollars and settled a reverse repo operation of 502.904 billion dollars. Here is the history of reverse repos.
+
+<https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000>
+
+What is a reverse repo? Well from Investopedia "A [reverse repurchase agreement (RRP)](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) is an act of buying securities with the intention of returning, or reselling, those same assets back in the future at a profit. This process is the opposite side of the coin to the repurchase agreement. To the party selling the security with the agreement to buy it back, it is a repurchase agreement. To the party buying the security and agreeing to sell it back, it is a reverse repurchase agreement. The reverse repo is the final step in the repurchase agreement, closing the contract."
+
+<https://www.investopedia.com/ask/answers/041615/what-difference-between-repurchase-agreement-and-reverse-repurchase-agreement.asp>
+
+Why has the FED been going so crazy with these reverse repo agreements? Simple, there is way too much money in the American economy. Since the pandemic started, the FEDs money printer has been going BRRRRRRRRRRRRR. Here is a screen shot of the current inflation adjusted charts of the S&P 500, Dow and NASDAQ:
+
+<https://www.advisorperspectives.com/dshort/updates/2021/06/04/the-s-p-500-dow-and-nasdaq-since-their-2000-highs>
+
+Why is this an issue? Well, because the fed has been printing money and giving it to the American people through stimulus checks and the amount of spending has gone down through the pandemic, the American people have more money parked in the big banks than ever before. The big banks are currently losing money on interest payments because of all this money. This is where the repo market comes into play. The banks don't want all this money, so they perform repo contracts with the FED. The banks are buying securities in the form of treasury bonds from the fed in order to get rid the money. The Fed then has to buy these securities back at a later date, and higher price. This is the essence of the repo market. The banks and the fed are using the repo market as a way to keep interest rates within their targets and control the amount of liquidity they both have. The FED wants to keep printing money to keep the economy running and the banks want to get rid of the printed money to keep the lights on. Now, how does this tie in with AMC and GME? Throughout the pandemic, large hedge funds such as shitadel have been shorting the absolute shit out of everything. This includes AMC, GME and other "meme" stocks, as well as treasury bonds. Yes, citadel has been even shorting treasury bonds.
+
+<https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/>
+
+This is where it gets interesting. Since apes like you and I have been buying and holding AMC, GME the price has gone up due to gamma squeezes, momentum and some legal shorts covering. Shorts have been losing hundreds of millions of dollars on these stocks every day. The hedge funds currently are using options contracts, along with purchased shares to keep some profits going from the rising price, in order to short the stock even more. This is why it has been going on for so long. They lose money from these terrible short bets, but allow the price to rise and gain some cash from options contracts and other derivatives. As well, they route buying trades through the dark pools so it does not affecting the current market price, but then sell those same shares on the open market, which lowers the price. There is a feedback loop between the banks, FED and hedge funds.
+
+FED prints money which goes into economy.
+
+Banks receive this money and have to pay interest
+
+Banks perform repo operations with the FED to get rid of this money
+
+FED then has to buy these securities back at a higher price, as seen today with 502.904 billion dollars bought back of these securities.
+
+Since citadel is a market maker, they allow the flow of these securities. But they have been shorting the fuck out of these bonds and a lot of different stocks throughout the pandemic. So how does it all end? The feedback loop will eventually be broken due to the increasing interest payments of losing short positions. When this happens, the banks won't be able to keep performing these repos, the FED won't be able to perform reverse repos, interest rates will either sky rocket or go negative I'm not sure which but I can tell you either one of those options will crash the economy. The FED and the banks have two options right now, hyperinflation and great depression. They can't keep this dance going for much longer since it is pretty much confirmed today that there is indeed ILLEGAL shorting happening to AMC and probably GME too.
+
+<https://investor.amctheatres.com/newsroom/news-details/2021/AMC-Entertainment-Holdings-Inc.-Announces-Shareholder-Count/default.aspx#:~:text=Commenting%20about%20the%20share%20count,holding%20of%20around%20120%20shares>.
+
+"Commenting about the share count, AMC President and CEO Adam Aron said, "The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares."
+
+Taken from Yahoo finance:
+
+Shares Outstanding 513.33M
+
+% Held by Insiders 0.33%%
+
+% Held by Institutions 23.33%
+
+Apes own at least 80% of the shares
+
+513.33MM *.8 = 410.664MM shares owned by retail.
+
+Let's take a look at institutional ownership.
+
+<https://fintel.io/so/us/amc>
+
+Institutional Shares 135,848,911. Uh oh, let's add these shares up now.
+
+410.664mm + 135,848,911 = 546.492911MM shares
+
+Oh no! There is more shares owned then what the company publically states is available. What does this mean? NAKED FUCKING SHORTING/SYNTHETIC SHARES ARE REAL. Oh boy oh boy are we ever in for a shit show now. The FED will keep printing money, but the banks can no longer get rid of it because shitadel and friends are getting squeezed up the ass by apes like us, the whole market crashes worse than anything we have ever seen before. Before every historic market crash the margin debt of the market hits new highs, take a look what it's at now.
+
+<https://www.investors.com/how-to-invest/investors-corner/what-is-margin-debt/>
+
+<https://www.advisorperspectives.com/dshort/updates/2021/05/19/margin-debt-and-the-market-up-another-3-in-april-continues-record-trend>
+
+I can also talk about Michael burry (the big short) taking short positions against tesla and the S&P 500, big institutions such as banks and insurance firms taking large long positions and how the price of AMC remained at around 5-8 dollars for many weeks during February, even though I would check the subredddit every day and it would be nothing but people posting how much stock they have been buying with stimulus checks, but I think this post is enough evidence for anyone with a mind to understand AMC,GME will moon and the market will crash. It will rebound because apes will buy up the cheap blue chip stocks and live of dividends for the rest of their lives, at least that's what I am planning to do. I am liquidating any amount of cash I can get my hands on and buying more AMC, GME. It is all in my tax free Canadian savings account so the tax man won't fuck me.
+
+TL; DR: The banks and the fed perform repo operations with each other to keep the economy afloat. Shitadel and friends have been shorting the securities used in these operations. Synthetic shares are real and there is at least 30ish millions of them, but there could easily be billions off the books. Add that on to a known REPORTED short interest of around 20% or 100MM shares and we are in for the biggest transfer of generational wealth in history.
+
+I am not a financial advisor, this is not financial advice, and I am just a 20 year old student that really likes the stock and sharing publically available information to other people that like the stock. Thanks!
+
+Edit: I'm jacked right to the fucking tits. Thanks for support, will try to reply as much as possible.

Economic-Crisis/2021-06-10-US-Inflation-Rate-Jumps-to-Five-Percent-Highest-Since-2008.md

@@ -0,0 +1,65 @@
+US Inflation Rate Jumps to 5%, Highest Since 2008... The Ground is Rumbling.
+============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/RallyInTheNorth](https://www.reddit.com/user/RallyInTheNorth/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwopua/us_inflation_rate_jumps_to_5_highest_since_2008/) | 
+
+---
+
+[theguardian.com/busine...](https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live)
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+---
+
+**Article uploaded by [u/Meticulous-](https://www.reddit.com/user/Meticulous-)**
+
+US inflation climbs to highest rate since 2008
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [Julia Kollewe](https://www.theguardian.com/profile/juliakollewe) and [Graeme Wearden](https://www.theguardian.com/profile/graemewearden)| [The Guardian](https://www.theguardian.com/business/2021/jun/10/us-inflation-highest-rate-stocks-consumer-price-index) | 
+
+---
+
+## Stocks rally to fresh highs as data shows consumer price index rose at annual rate of 5% in May
+
+![The S&P 500 stock market index hit a record high after the inflation announcement.](https://i.guim.co.uk/img/media/4249a7618cad7be3a26fc4279cb69e0dd64ec956/0_0_5685_3410/master/5685.jpg?width=445&quality=45&auto=format&fit=max&dpr=2&s=438a5f9f8b922b558ac2f0ed6afe3c02)
+
+The S&P 500 stock market index hit a record high after the inflation announcement. Photograph: Angela Weiss/AFP/Getty
+
+Inflation in the US has jumped to the highest rate since 2008 as the world's largest economy rebounds strongly from the coronavirus crisis.
+
+The consumer prices index rose at an annual rate of 5% in May, up from 4.2% in April and the highest since August 2008, [according to the US Bureau of Labor Statistics](https://www.bls.gov/news.release/cpi.nr0.htm). Inflation has steadily climbed since January, when it was 1.4%.
+
+Fears over rising prices in the US have gripped markets, with investors fearing that pent-up demand and supply chain bottlenecks would create inflationary pressures, forcing central bankers at the Federal Reserve to slow their stimulus programme.
+
+But US stocks rallied on the news, with the S&P 500 touching a new high as traders anticipated that the inflationary surge would be temporary, allowing the Fed to put off tapering a bond-buying policy that has pumped money into global markets.
+
+**"**US stocks rallied to a fresh record high after investors realised the punchbowl of stimulus is not going away any time soon," said Edward Moya of trading platform Oanda.
+
+Core inflation, which strips out volatile items such as food and energy, leaped to the highest level since 1992. It rose 3.8% year-on-year, up from 3% in April.
+
+Other official data showed that the number of initial claims for jobless benefits fell to its lowest since mid-March 2020, when the first wave of Covid-19 hit. There were 376,000 initial claims for state unemployment benefits last week, a drop of 9,000 from the 385,000 recorded in the prior week, and a near 15-month low.
+
+This continues the steady fall in jobless claims in recent months, since the rapid Covid-19 vaccination programme has allowed the [US economy](https://www.theguardian.com/business/useconomy) to reopen and stage a recovery.
+
+The cost of used cars and trucks climbed 7.3% in May from April, accounting for a third of the increase in inflation. Prices were 29.7% higher than a year earlier. They have risen in recent months because of a global semiconductor shortage that has held back car production, pushing people to enter the market for second-hand vehicles instead.
+
+Energy prices also rose, by 28.5% year-on-year, including a 56% jump in gasoline prices compared with May 2020, when demand slumped due to the pandemic.
+
+The cost of flights, household furnishings, new cars, rental cars and clothing rose during May.
+
+Guardian business email sign-up
+
+However, there was no need to panic about the jump in US inflation, said Ron Temple, the head of US equities at Lazard Asset Management. "Before hitting the panic button, investors should recognise that used cars, auto insurance, and air fares drove nearly half of the core CPI increase.
+
+"These increases are all easily explained by depressed prices a year ago and the semiconductor shortage that has turbocharged used car prices. The next few months are likely to be noisy, and investors should focus on data this fall when schools are fully reopened and several million workers can rejoin the labour force."
+
+The S&P 500 hit a fresh record high of 4,249.74 after the inflation report, before easing back a little.
+
+Alastair George, the chief investment strategist at the investment firm Edison Group, said:"There is a lot of debate about the spectre of fast-rising inflation pressuring central banks to raise rates, or an unwelcome bond market selloff.
+
+"We believe the data is still very noisy and say more about the rapidity of the rebound in demand which is welcome, rather than any signal about the long-term outlook for inflation."

Economic-Crisis/Reverse-Repo-Operations/2021-05-13-Reverse-Repo-Loan-Amounts-since-January.md

@@ -0,0 +1,13 @@
+Reverse Repo loan amounts by day since January
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/xpurplexamyx](https://www.reddit.com/user/xpurplexamyx/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/) | 
+
+---
+
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[![r/Superstonk - Reverse Repo loan amounts by day since January](https://preview.redd.it/gu4438m7huy61.png?width=960&crop=smart&auto=webp&s=9140543415f858fc1ec6e0dace60e2bd3d3a3f6f)](https://i.redd.it/gu4438m7huy61.png)

Economic-Crisis/Reverse-Repo-Operations/2021-06-08-Reverse-Repo-Rate-reaches-Record-High-Two-Days-in-a-Row.md

@@ -0,0 +1,12 @@
+Another record! $497.428 in Reverse Repo operations occurred today. Yesterday it was $486.097 0% to 46 participants. Today is $497.428 0% interest to 46 participants.
+======================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nv9990/another_record_497428_in_reverse_repo_operations/) | 
+
+---
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+[![r/Superstonk - Another record! $497.428 in Reverse Repo operations occurred today. Yesterday it was $486.097 0% to 46 participants. Today is $497.428 0% interest to 46 participants.](https://preview.redd.it/5m9m4381s2471.png?width=960&crop=smart&auto=webp&s=5bd8612dc15fc022214b22ddaf67fa258944f806)](https://i.redd.it/5m9m4381s2471.png)

Economic-Crisis/Reverse-Repo-Operations/2021-06-09-Reverse-Repo-Reaches-All-Time-High-for-a-Third-Day-in-a-Row.md

@@ -0,0 +1,12 @@
+Reverse Repo Update $502.904 Billion with 59 party members.
+===========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Im_The_Goddamn_Dumbo](https://www.reddit.com/user/Im_The_Goddamn_Dumbo/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw17jd/reverse_repo_update_502904_billion_with_59_party/) | 
+
+---
+
+[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
+
+[![r/Superstonk - Reverse Repo Update $502.904 Billion with 59 party members.](https://preview.redd.it/9hetr5vox9471.jpg?width=960&crop=smart&auto=webp&s=bf884487ce1bcaa1165c3c9c3e03bd12f8a66eea)](https://i.redd.it/9hetr5vox9471.jpg)

GameStop-News-and-Information/2021-06-09-GameStop-Announces-New-CEO-and-CFO.md

@@ -0,0 +1,35 @@
+GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer
+======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/sha_dow_fax](https://www.reddit.com/user/sha_dow_fax/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nw50qe/gamestop_announces_appointments_of_chief/) | 
+
+---
+
+[news.gamestop.com/news-r...](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and)
+
+[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
+
+---
+
+**[Source](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) posted by [u/Meticulous](https://www.reddit.com/user/Meticulous-/)**
+
+# GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer
+
+
+***Matt Furlong, Veteran E-Commerce Leader and Technology Industry Executive, Appointed CEO***
+
+***Mike Recupero, Seasoned Technology Industry Finance Executive, Appointed CFO***
+
+GRAPEVINE, Texas, June 09, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today announced that it has appointed Matt Furlong as Chief Executive Officer and Mike Recupero as Chief Financial Officer. Mr. Furlong and Mr. Recupero join from Amazon, where they each held senior roles and oversaw various growth initiatives during their respective tenures. Mr. Furlong's start date is June 21, 2021 and Mr. Recupero's start date is July 12, 2021.
+
+Mr. Furlong is a veteran e-commerce leader with significant experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon's Australia business during a period of substantial growth. He was previously a Technical Advisor to the head of Amazon's North America Consumer business. Throughout his nearly nine years at Amazon, he also ran a variety of product categories and oversaw strong market share expansion. Mr. Furlong began his career at Procter & Gamble, where he was an executive focused on brand, marketing and sales strategies.
+
+Mr. Recupero is a seasoned technology industry finance executive, who spent more than 17 years at Amazon supporting growth across global geographies and product categories. He most recently served as Chief Financial Officer of the North American Consumer business after serving as Chief Financial Officer of Prime Video. He previously served as the Chief Financial Officer of the European Consumer business. He began his career at Amazon, holding Analyst, Manager and Director roles of increasing responsibility.   
+
+These appointments reflect the refreshed Board's focus on building a technology company and investing in growth.
+
+**About GameStop**
+
+GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. Visit [www.GameStop.com](https://www.globenewswire.com/Tracker?data=6ViyNfGuk-ZrK6kEnSazoV_G5A9hIp4eAIzJDOP7YzvADa64q7fX6VJPMpH_ShLEjdkI_dMO0OyTf2VrprsA1A==) to explore our products and offerings. Follow @GameStop and @GameStopCorp on Twitter and find us on Facebook at [www.facebook.com/GameStop](https://www.globenewswire.com/Tracker?data=phg7Zp7EY9GciMfxRF9TJH3nqUV51U68vNHfEGXdUwj2SpUTEWe89DKPQhT4IzR2641OL5zvdGc-R8Ba2fBAdKaBGqhj7P4CTPGzgu0PhpM=

Government/2021-05-07-US-House-Financial-Services-Committee-Considering-a-Ban-on-Payment-for-Order-Flow.md

@@ -0,0 +1,11 @@
+US House Financial Services Committee Considering a Ban on Payment for Order Flow
+=================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/ledonskim754](https://www.reddit.com/user/ledonskim754/) | [Reddit](https://www.reddit.com/r/finance/comments/n6uv7c/us_house_financial_services_committee_considering/) | 
+
+---
+
+
+[tokenist.com/us-hou...](https://tokenist.com/us-house-financial-services-committee-considering-a-ban-on-payment-for-order-flow/)

Government/2021-06-07-SEC-to-start-Monitoring-Meme-Stocks-for-Fraud.md

@@ -0,0 +1,35 @@
+SEC is monitoring meme stocks for fraud
+=======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/AdhesivenessRich2581](https://www.reddit.com/user/AdhesivenessRich2581/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nufn54/sec_is_monitoring_meme_stocks_for_fraud/) | 
+
+---
+
+[𝗡𝗲𝘄𝘀](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A1%F0%9D%97%B2%F0%9D%98%84%F0%9D%98%80%22&restrict_sr=1)
+
+<https://www.reuters.com/world/us/us-sec-says-observing-market-meme-stocks-rally-2021-06-07/>
+
+"In addition, we will act to protect retail investors if violations of federal securities laws are found."
+
+--- 
+
+**Full Article posted by [u/Meticulous-](https://www.reddit.com/user/Meticulous-/)**
+
+June 7, 20212:48 PM EDT
+
+#### [Litigation](https://www.reuters.com/legal/litigation)
+
+U.S. SEC says observing the market as "meme stocks" rally
+=========================================================
+
+[Reuters](https://www.reuters.com/authors/reuters/)
+
+The Securities and Exchange Commission is observing markets and looking for any signs of misconduct and manipulation, the U.S watchdog said on Monday, as "meme stocks" including theater operator AMC Entertainment [(AMC.N)](https://www.reuters.com/companies/AMC.N) continued to gain.
+
+Shares of AMC, supported by a pack of small-time individual traders jumped another 20% in morning trade, extending gains into a third week as message boards hummed with hype about the potential to squeeze Wall Street short-sellers. [read more](https://www.reuters.com/business/amc-jumps-19-funds-eye-bearish-bets-2021-06-07/)
+
+"SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading, or other misconduct," a spokesperson for SEC said in a statement.
+
+"In addition, we will act to protect retail investors if violations of federal securities laws are found."

Hedge-Funds/Citadel/2021-05-07-Citadel-Securities-has-over-57-Billion-in-Open-Short-Positions-on-its-Books.md

@@ -1,122 +0,0 @@
-Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...
-===============================================================================================================================================================
-
-| Author       | Source       | 
-| :-------------: |:-------------:|
-|  [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/) | 
-
----
-
-[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
-
-<https://imgur.com/MWZFUUe>
-
-<https://sec.report/Document/0001616344-21-000004/>
-
-I see you Kenny. I used to think that you were just a bystander in this, and caught up in your friends bad bets; you turned out to be the main villain.
-
-And $57,500,000,000 (billion with a B... that's 57 thousand million for all the non-US apes) is the bare minimum you owe. Why do I know this? Because it's on your annual frickin' report, and you spend 12 months a year cooking those numbers to look as positive as possible to your investors. You don't put your worst numbers in a published report...
-
-What were your short positions from the year before?
-
-<https://sec.report/Document/0001146184-20-000006/>
-
-$27.5b...
-
-You doubled your position last year, Kenny.
-
-* * * * *
-
-Citadel claims on their own page that they process over 25% of all market trades, and close to 50% of all retail trades.
-
-<https://www.citadelsecurities.com/products/equities-and-options/>
-
-Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker.
-
-In this post: <https://old.reddit.com/r/Wallstreetbetsnew/comments/m6xehe/robinhood_the_missing_link/> - I talked about how RobbingYourAss and Citadel are engaging in CFD-like activities; legally floating orders to close at better prices, if you will. I believe Citadel's annual report just solidified that, in my mind.
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-*Note: Understand, I'm not exactly talking about rehypothecation or naked shorting of any individual company here... I believe he's issuing short shares "legally" under his Market Making abilities... *
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-Citadel's plan is to route as much of retails orders through its system as possible, and issue a short share for whatever trade is sent to them through a retail platform.
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-70-90% of retail trades lose money. By issuing a short share on the trade instead of locating a real share to transact, they are simultaneously "providing liquidity", while also betting directly against retail. It used to be a hugely safe bet. It was making money both ways. They collect free money on the share sale, make money by selling off the short positions in a bond (more on this in a second), and make money by the separate entities holding the short positions while Citadel Securities continues to drive the price down.
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-But then retail won a bet. And not just one bet, but they won multiple bets simultaneously. In late January, multiple stocks spiked at the same time: Gamestop, Nokia, AMC, BlackBerry, etc...
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-THAT is why Citadel had to shut down trading, and why RobbingYourMum only shut down trading on specific stocks. And THAT is why we just heard in the last congressional hearing directly from the DTCC, that the DTCC did NOT raise margin requirements and cause a halt to any trading.
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-Citadel, as the market maker for 50% of all retail trades, was short on positions that were processed through RubbingYourCuck... and every single position went up huge at the exact same time. Citadel was caught on the line for every single short position that they created and that was held by RibbedCondom users.
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-And they still are.
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-They were providing liquidity to retail the entire time before the squeeze at the pre-squeeze prices.
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-And yes, I already hear you: "But those short positions could just be their daily market making activity and completely normal in a day-to-day operation."
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-The truth is: It doesn't matter.
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-It only matters that those positions existed before the squeeze. The initial run-up happened so fast that there was no time to reverse their positions. The prices went up by multiples in a single day. Any short position they held, they were now locked in to.
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-And that's assuming that every share purchased *during* the run-up, also wasn't just short shares going out the door. Citadels page states:
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-"Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker."
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-Automated.
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-If they had the automated system programmed to create a short position for a percentage of all retail shares routed to it... THAT explains why trading was completely shut off. The system was just generating short shares the entire time, and Citadel was (and is) the one on the line for all of it. THAT is also why they allowed selling and not buying. It allowed them to try and purchase back their shares at the same prices they shorted them at, with no buying interference.
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-Know what the best part of all this is?
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-That $57,500,000,000 was what they had on the books as of 12/20/20... it doesn't even count what happened in January.
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-Kenny, my man... Exactly how deep are you right now?...
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-If Citadel executes 50% of all retail trades, and there were 800,000,000 trades on GME alone between Jan 21 and Jan 29 (<https://finance.yahoo.com/quote/GME/history?p=GME>)... how many of those 400,000,000 shares did you short to provide liquidity, Kenny? How many did you cover?...
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-How many are still owed after exercising all of your options for the last 4 months?
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-Is that why Citadels corporate bonds were rated BBB-? The absolute lowest rating you can get for investment grade bonds? Is it because your updated liabilities page looks like a raging dumpster fire?
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-That is why Citadel keeps being called out by name in the congressional hearings and being asked if they should be allowed to fail. Because I now firmly believe that Citadel is the ultimate bagholder of all of this.
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-Remember, not only did Citadel bail out Melvin to avoid the margin call dominoes from falling, Citadel Advisors also personally lost over 3% of their worth in January alone (what was reported): <https://markets.businessinsider.com/news/stocks/here-are-the-hedge-fund-winners-and-losers-amid-januarys-gamestop-mania-2021-2-1030034341>
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-Citadel Advisors showed $234bil in AUM in 05/01/20: <https://aum13f.com/firm/citadel-advisors-llc>
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-(Remember, Citadel Advisors is separate from Citadel Securities)
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-If they lost 3%, that's $7,000,000,000 in losses in January alone, not counting the Cohen bailout.
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-So how do I think Citadel Advisors and Melvin Capital wound-up holding short positions created by Citadel Securities if there is supposed to be a firewall between the two of them? By re-packaging the short positions and selling themselves collateralized trust bonds. Crazy Melon ([u/sydneyfriendlycub](https://www.reddit.com/u/sydneyfriendlycub/)) has a very well-written group of posts about it here: <https://old.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/>
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-Citadel Securities would sell short positions to facilitate liquidity on retail trades, and simultaneously bet against retail. Citadel Securities would package those short positions in Collateralized Trust Bonds, and sell those bonds to Citadel Advisors and Melvin Capital.
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-That would get the short positions off of Citadel Securities books, effectively "covering" them, and allow them to show FINRA a lower short position holding. They then use their Market Maker status to continue issuing shorts on a stock like GME, causing the price to fall, and the short positions of Melvin and Citadel Advisors to go up in value. It was an infinite money glitch, until retail won a trade.
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-* * * * *
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-Want proof of more insider fuckery?
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-Explain to me how Melvin just filed an amended report, showing that he magically found a holding position of $121,500,000 worth of PUT options of VIACOM from December, right after the Archegos liquidation happened?
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-<https://www.sec.gov/Archives/edgar/data/1628110/000090571821000618/xslForm13F_X01/infotable.xml>
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-I'm sure that the SEC finds that reporting those puts 4 months after the due date is completely normal... considering the circumstances.
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-Sorry to cut this off abruptly, but I'm tired and the screen is going hazy. Time for ape to sleep. If I tie anything else together, I'll be sure to break the tin-foil hat back out later.
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-If I got anything wrong that you think needs attention, lemme know so I can edit it. I like my conspiracy theory, but it doesn't mean its 100% correct.
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-TL;DR:
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-Heg r fuk