Rename 02-Resources.md to 02-Resources/2021-07-01-Resources.md

- Created Banks directory

00-Getting-Started/2021-06-30-Anatomy-of-Parabolic-Movement.md

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+Anatomy of parabolic moves and how GME is heading to 1000$ a share.
+===================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/eoneqeip](https://www.reddit.com/user/eoneqeip/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oaqqry/anatomy_of_parabolic_moves_and_how_gme_is_heading/) | 
+
+---
+
+[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 day apes ~~and apettes~~ (thanks [u/kibblepigeon](https://www.reddit.com/u/kibblepigeon/) for teaching me that "ape" is already a gender inclusive term), just wanted to jacque your tettitas a lil more if I can.
+
+Here's the dissection of a parabolic move on an x security, movement to 1 is parabolic but is also a little parabolic move inside a bigger parabolic move (5). What is interesting is price behaviour: after first big move up (1), usually there's a circa 50% retracement of that move (2) then sellers come back until price close above 2 (3), then at (4) the last small dip before (5) meaning the sellers capitulated.
+
+Small dip move from (3) to (4) is KEY because here happens the shift of power from sellers, which were in control of price since (1) finished, to buyers.
+
+Move (5) as now went to about 3X the price of move (1).
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/95jyxija8c871.jpg?width=1035&format=pjpg&auto=webp&s=870ec16616f570db7a4b9868e549539569919d3c)](https://preview.redd.it/95jyxija8c871.jpg?width=1035&format=pjpg&auto=webp&s=870ec16616f570db7a4b9868e549539569919d3c)
+
+a common graph of a common parabolic move
+
+Now let's get straight to the jacque part of my kindergarten analysis
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/snfq6cue8c871.jpg?width=1035&format=pjpg&auto=webp&s=12b0f550b2f3d169e548710ea24135c74ad4719a)](https://preview.redd.it/snfq6cue8c871.jpg?width=1035&format=pjpg&auto=webp&s=12b0f550b2f3d169e548710ea24135c74ad4719a)
+
+a graph of a well known idiosyncratic stock
+
+To me the situation seem pretty darn parabolic and I see the same behaviour described above...
+
+Only differences are related to time scales (first case was weekly, second was daily) and move 1 retracement (2) which in 1st case was 50% while on GME is >50% (meaning buying was more aggressive in this case).
+
+I don't want to hype dates or anything but I think we are in (4) now, that small but very important dip where power shift happens and up up up the parabolic flight begins.
+
+So buckle up and enjoy the flight.
+
+EDIT1: more evidence of this pattern in a fairly known movie theaters stock which recently exihibited a parabolic move (here as well as now price in (5) has tripled maximum price of move (1)).
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/nxqb21ej8c871.jpg?width=1034&format=pjpg&auto=webp&s=6d59e58c01981a10312b3c3361ad1724241a5220)](https://preview.redd.it/nxqb21ej8c871.jpg?width=1034&format=pjpg&auto=webp&s=6d59e58c01981a10312b3c3361ad1724241a5220)
+
+EDIT2: another one, this is interesting because move (5) almost 3X move (1) but had a more bumpy development (lower timeframe here with more noise maybe?)
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/8w3i4a5m8c871.jpg?width=1037&format=pjpg&auto=webp&s=215999c3c075d3417c64dba5ab72e06906c964cf)](https://preview.redd.it/8w3i4a5m8c871.jpg?width=1037&format=pjpg&auto=webp&s=215999c3c075d3417c64dba5ab72e06906c964cf)
+
+EDIT3: another one in which move (5) max price triples parabolic move (1) max price.
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/dnw5eg2p8c871.jpg?width=1039&format=pjpg&auto=webp&s=d311db539deca12a117e584c0ea8d766bd649385)](https://preview.redd.it/dnw5eg2p8c871.jpg?width=1039&format=pjpg&auto=webp&s=d311db539deca12a117e584c0ea8d766bd649385)
+
+EDIT4: a famous e-commerce giant which GME is going to replace, here move 5 did 33X the max price of move 1 (obviously fundamentals here helped)
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/hcp8j0ur8c871.jpg?width=1040&format=pjpg&auto=webp&s=fe3b05a176aeedff20023e0a3d93b3dcf8e7b377)](https://preview.redd.it/hcp8j0ur8c871.jpg?width=1040&format=pjpg&auto=webp&s=fe3b05a176aeedff20023e0a3d93b3dcf8e7b377)
+
+EDIT5: another big weekly case on a big tech, from max price of 1 (37$) to price to date in 5 (799$) it 23X. Notice how sometimes these parabolic moves requires years (move 5 started in the end of 2012).
+
+[![r/Superstonk - Anatomy of parabolic moves and how GME is heading to 1000$ a share.](https://preview.redd.it/sr4lt1su8c871.jpg?width=1037&format=pjpg&auto=webp&s=a1edf81b6795e1d8b4ec5248f294fffe3f31c667)](https://preview.redd.it/sr4lt1su8c871.jpg?width=1037&format=pjpg&auto=webp&s=a1edf81b6795e1d8b4ec5248f294fffe3f31c667)
+
+Based on these examples I think we are set on GME for a move 5 which will at least triple the max price of move 1 of january (345x3=1035$), notice I'm using the price of line graph and not candlestick price of january pick (482,55$), this doesn't mean GME won't go past 1000$, we saw before that with strong fundamentals and time move 5 can easily go 20X and beyond move 1.
+
+I don't know about other securities but GME is a unique case for short interest and for retail interest in it so it is very possible that it will set an unprecendent, idiosynchratic, to the moon move 5.
+
+Prepare to see your most liked stock at least at 1000$, I'm preparing for this and zenfully reminding myself that at 1k we still trading sideways. I just want you to be prepared as well for what is coming (I predict future fud at 1k stating HF have covered and so on...(yeah like they covered in january! - we own the float x times bitch! - when in doubt bath yourself with the DDs)).
+
+Buckle up.

01-Must-Read/MOASS-Preparation-Guide-by-socrates6210/2021-06-29-MOASS-Preparation-Guide-2.md

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+The MOASS Preparation Guide 2.0
+===============================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/socrates6210](https://www.reddit.com/user/socrates6210/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oakqvt/the_moass_preparation_guide_20/) | 
+
+---
+
+[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 just gonna start off by saying that this is a sequel to* [*The MOASS Preparation Guide*](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/)*, a post I wrote a few months ago. I felt it deserved an updated version considering so much that has happened recently, also i've learned a lot since then. This guide will be pretty in depth but don't worry, my view is that when you're explaining something, always imagine you're talking to a 5 year old (ELI5). So make yourself a cup of coffee, and grab a tasty crayola and enjoy.*
+
+*The subsequent sections are as follows:*
+
+-   *Pre-liftoff preparation*
+
+-   *D-Day*
+
+-   *During the MOASS*
+
+-   *Immediate Aftermath*
+
+-   *Long term aftermath*
+
+*******************************************************
+
+Please read though this as i believe it is important that we all have an understanding on the game plan 🚀
+
+Pre-liftoff Preparation
+
+[![r/Superstonk - The MOASS Preparation Guide 2.0](https://preview.redd.it/pskg3gxrka871.jpg?width=1280&format=pjpg&auto=webp&s=09b3bccc95d16594bc2a8cf9e5307e08eaf11058)](https://preview.redd.it/pskg3gxrka871.jpg?width=1280&format=pjpg&auto=webp&s=09b3bccc95d16594bc2a8cf9e5307e08eaf11058)
+
+-   Brokers preparation - I think everyone should take the time to understand the nuances and rules that the broker applies on trading. Some brokers may have some sneaky fine prints. So you should make sure that nothing can get in the way of you and your tendies.
+
+    -   Take note of the brokers that previous placed trade restrictions [here](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/).
+
+    -   some brokers (Trading212 for example) have decided to restrict buying if you do not agree to their share lending program (*Do* *NOT* *agree to this.*)
+
+    -   If you have all your shares in one of these bad brokers and can't transfer, don't sweat it too much. JUST DO NOT SELL YOUR SHARES. The message was clear as crystal in January: if they prevent free trade like Robinhood did then that means they will lose customers and face litigation, so i *hope* for their sake that they have prepared for this.
+
+    -   It also wouldn't hurt to email your brokers customer service and ask them "*will you prevent me from selling if the price goes to X amount?*". Additionally, i would recommend keeping documentation, screenshots and recordings of your positions just incase f*ckery arises. It's good to create a paper trail just incase you need to bring them to court.
+
+-   Back up broker - If you can, open up an account as soon as possible on a reputable broker and buy at least 1 share. Don't aim to maximize gains but to minimize the regret of missing out just in case your broker decides to f*ck you. The rule of thumb is usually that commission based boomer brokers with horrible user interfaces are the most trustworthy. See the "good brokers" in the link above.
+
+-   Diversify Brokers - if you can, spread out your holdings across multiple brokers. Also take note of what clearing house they use. You don't want to be caught up in some f*ckery where both brokers wont let you sell because they share the same clearing house. A solution to this could be to transfer shares. Some brokers allow you to transfer shares to others, but small "shit" brokers like eToro for example, do not. If thats the case then hold tight and buy on a different broker, if you wanna buy more shares.
+
+    -   Here is a [list of some brokerages](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) and the respective clearing houses they use.
+
+    -   Here is a list of [brokers who placed restrictions](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) in a follow up post i made.
+
+    -   Trading212 for example: they're becoming Robinhood 2.0 now as they decided [to place buy restrictions](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) if you don't agree to their share lending program. Admittedly, I am a Trading212 customer. So this is why you should diversify brokers, you never know when they are going to pull some shady shit.
+
+    -   *side-note*: I would stay away from brokers that use Apex Clearing, they're shady as shit.
+
+-   Order Routing - Order routing is when an order to buy or sell a stock is sent from your broker to an exchange. There are two kinds of exchanges: *Lit pools and Dark pools.*
+
+    -   Dark pools do not display prices at which participants are willing to trade (ie; in the dark), whereas lit pools do show these various bids and offers in a stocks. It's been said that the naked shorting gang pay millions to brokers to have millions of orders routed through their own dark pools, to which they can perform shady business (skimming cents off the spread of every order, suppressing buying pressure etc).
+
+    -   This brings me to my point: If you are thinking about buying some shares, you should route it through IEX, which is an exchange that was made in order to mitigate the affects of high frequency trading. [Oh hey, look! Our friends at Citadel don't like IEX](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/?utm_source=share&utm_medium=web2x&context=3).
+
+-   Cash account, not margin - if you haven't already, request your broker to change your account from a margin account to a cash account. This way your shares are entirely your own and aren't being lent out to short sellers. Note that you need to have no options or short positions active with your account before you do this. If you are reluctant to switching your account then make sure that you have no withstanding deficits in your account so you don't get margin called and your broker automatically closes positions without your consent. Yes, this has happened to people before.
+
+-   Online Security - If you have learned anything from all this it's that you should not trust anyone. Take the time to enable two-factor authentication on your bank/broker accounts. Also you should have a different password for each account, preferably 20+ characters with a mixture of alphanumeric characters and symbols.
+
+    -   Do not use public wifi to log into your broker account.
+
+    -   Use a VPN when possible.
+
+-   Taxes - It is crucial that you learn about your countries [capital gains taxes](https://www.investopedia.com/terms/c/capital_gains_tax.asp). I would go deeper into this, However different tax rates apply in different countries depending on how long you are holding the stock. To keep this general for all users i will say Just google "*what are the tax laws for stocks in <my country>?*". (If you're a smooth brain, dont worry. I have the solution for you in immediate aftermath section)
+
+-   Prepare a personal balance sheet - It may be a good idea to prepare a balance sheet. A balance sheet is a snapshot of net worth and lists all your assets, liabilities, cash etc. This will make your life (*and your accountants life*) easier when you need an accountant. If you need a better understanding of balance sheets see this [video here](https://www.youtube.com/watch?v=hhKO6MRvk_c).
+
+-   Mental preparation - This one isn't so obvious, but please prepare yourself for seeing life changing money in your possession. Have a long think what you are going to do with this money. And as a side note: try to not tell too people you're invested, the less people know the easier your life will be.
+
+D-Day
+
+0:04
+
+0:08
+
+-   Take care of your health - Firstly, on the day of lift off you will definitely feel overwhelmed with emotions and anxiety. You're probably going to feel a little dizzy seeing the price increase exponentially. Please sit down when you are checking the price. The last thing i want to hear is that a fellow ape fainted and cracked their head because of being overwhelmed with emotions. In my opinion, deep slow [diaphragmatic breathing](https://my.clevelandclinic.org/health/articles/9445-diaphragmatic-breathing) really helps to slow down your heart rate and reduce anxiety.
+
+-   Expect Trading Halts - There is a difference between trading suspension and trading halt. Securities exchanges have the power to temporarily [halt](https://www.investopedia.com/terms/t/tradinghalt.asp), in the middle of the trading day, or delay, at the beginning of the trading day, trading on a stock. halts and delays usually last less than one hour. As opposed to suspensions, which can last two weeks. Suspensions are enforced by the SEC
+
+    -   In the case of trading halt: The NYSE may stop trading if the price rises too quickly. This is usually done to prevent massive impulse waves and let people calm down for a few minutes. But this is futile in the setting of a short squeeze, because all shorts must cover regardless. You can also check when GME is halted [here](https://www.nyse.com/trade-halt-current). Do not freak out if the graph flatlines.
+
+    -   In the case of trading suspension: I believe that if the infinity pool happens, meaning shorts literally will not be able to cover the potentially billions of synthetic shares they have created, driving the price to literally infinity, that the SEC most likely implement a trading suspension. We won't know unless it happens. But, who knows? They might not. You can read about trading suspensions [here](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tradingsuspensions).
+
+-   BOTS, BOTS EVERYWHERE - This could go two ways: either the shorts don't have anymore money to pay shills or we will have a massive influx of bots/shills on here and <*other stonk subs*> trying to nudge people to sell. They will say something like "wow i sold my 3 shares for 30K" and try to create a narrative that below 100K is the peak. 100K is not the peak. don't listen to it. we set the price.
+
+-   Reddit might be down - during the rally from $40 to $90 in February Reddit inexplicably went offline. It happened a couple of other times before when the price rose considerably. This could be due to a DDOS attack or just too much traffic to the site. Either way, if Reddit does go down don't worry. We are all still here.
+
+    -   The only call to action would be to go to the [SuperStonk youtube](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) channel, which the mods said they will do an emergency broadcast when things kick off. So go there for communication.
+
+    -   Backup places to check out would be the mods twitter pages
+
+        -   <https://twitter.com/rensole>
+
+        -   <https://twitter.com/RedChessQueen99>
+
+        -   <https://twitter.com/PinkCatsOnAcid>
+
+During the MOASS
+
+[![r/Superstonk - The MOASS Preparation Guide 2.0](https://preview.redd.it/54mzc28uka871.png?width=1890&format=png&auto=webp&s=e6554f4f0e276f93d84d22c6cd766167638bd9c1)](https://preview.redd.it/54mzc28uka871.png?width=1890&format=png&auto=webp&s=e6554f4f0e276f93d84d22c6cd766167638bd9c1)
+
+-   Diamond hands - This one i cannot stress enough, the mantra is clear: HOLD! If you sell early you creating downward pressure against the MOASS. If the short position is in the billions of shares (which has been theorized) then this shouldn't be too much of a problem, but regardless - KEEP THOSE HANDS DIAMOND! The squeeze could last a few days, week or indefinitely. At this point no one knows. Don't feel pressure to sell when it goes $100K+, if the DD is correct (and it has been so far) then we are not stopping add measly hundreds of thousands.
+
+    -   A forced buy-back differs from a Margin call, in which a margin call is just a notice to "*increase the amount of money in your account before we close your positions, because you won't be able pay us if this goes any higher*"
+
+    -   Prime brokers will implement forced buy-back of hedge funds to cover their short positions. This means they will go the open market and buy them for what ever someone is will to sell them for.
+
+    -   The stock price = the last price it sold for. If the only sells available were asking for 1 million, then that means the price will be 1 million. And since it's likely there aren't enough shares in existence to cover the amount of shorting that went on then theoretically this ape filled rocket could blast through the moon and land on Alpha centauri B.
+
+-   Whats an exit strategy? - This one isn't so obvious because the we don't know what the peak will be, but you should have an exit strategy: Plan out what you need on the day of selling, where do you need to be? think about that day and visualize it so you aren't overwhelmed with anxiety when it actually happens. As for selling: all i can say on this matter is do not sell on the way up as it's a bad idea. ([~~explained here that you should~~](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) Use [this exit strategy](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) instead by [u/gherkinit](https://www.reddit.com/u/gherkinit/):
+
+-   Understand the different types of orders - Limit Order, Market Order, Stop Limit Order and Stop Loss Order, explanations on the pro's and cons of each can also be found [here](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/)
+
+    -   Some people have noted that certain brokers have limits on the amount you can place an order for online (in terms of dollar value). Just to be safe make sure you have phone credit and the number for your broker ready to contact them to execute an order if this applies to you.
+
+    -   Also, some brokers may not even limit orders (Revolut as far as i know). Don't sweat it, this is beyond your control. Just sell on the way down, or don't. I don't care this is not financial advice.
+
+-   Sit down when you decide to take gains - When the dust has settled and you decide to take gains, again, sit down and drink some water and breath.. because you may faint or possibly get sick from seeing that you have sold a single share for an ungodly amount.
+
+-   Don't publish your realised gains publicly - Obvious one, don't be that person who flaunts the gains online. You are going to cause a lot of fair-weather friends and family to crawl out of the woodwork trying to get their hands on your tendies. It may be tempting to rub it in the faces of the people who doubted you, but just don't. It's not worth it.
+
+-   T+2 settlement - When you sell a share, it actually doesn't get settled until 2 days after it's executed, meaning you don't actually have the money in your brokerage until 2 days later. Learn about the [settlement violations here](https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations) before you start going off buying other stocks with your gains. This T+2 settlement also gives the SEC the power to reverse any transactions they seem fit due to violations. Not meant to be FUD, i just thought its useful to know. I doubt they will start reversing transactions during the MOASS, but if it does occur. Hold tight, again: we set the price.
+
+-   WHAT DO WITH MONEY? - It should be known that your regular current/checking account is only insured up to $250,000 if you're in the [US under the FDIC](https://www.fdic.gov/deposit/deposits/faq.html) and €100,000 if you are [in the European Union](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en). So its not advised to dump all your money into your bank account straight away. I would wait for T+2 settlement to clear then invest in value stocks, so you're money isn't tied to your broker, should they have issues. This brings me to the next section...
+
+Immediate Aftermath
+
+0:00
+
+0:02
+
+-   Assemble a team of legal and financial advisers:
+
+    -   Lawyer up - Hire a [tax attorney](https://www.moneycrashers.com/when-to-hire-a-tax-attorney/) to deal with any problems that may arise from all of this. Hire a family law or estate planning attorney that can arrange a Will for your family immediately.
+
+        -   side note: do NOT sign anything, from your broker/bank/crayon dealer or anyone if you do not understand it. Make sure you have an attorney read anything you may or may not be asked to sign.
+
+    -   Get an accountant - Get certified public accountant who helps wealthy families organize their finances and guide you through your finances.
+
+    -   Hire a financial advisor - Make sure you hire a financial advisor that is sworn to act as a fiduciary (*acting in your best financial interests, not theirs*), preferably with experience managing significant wealth. Make sure you check their certifications and that they aren't trying to push you to buy some insurance policy. The requirements to be a FA aren't concrete so there are a lot of snake oil salesmen that really don't have your best interests at heart. Make sure how you ask how they profit from you being their client and make sure they aren't trying to make commissions. Also, look out for high fees. Minimum advisor fees based on AUM should not be over 1% unless they can justify it with amazing historical returns.
+
+-   Expect to vilified by MSM - In the case of a financial crisis, i can nearly guarantee that they will try to blame us rather than the hedgies and regulators who caused it. Pay no mind to mainstream media and stand your ground.
+
+    -   Expect people to say you just got lucky, expect them to speak as though we are ones who caused this. They will lie, twist and corrupt the truth. Expect your friend who paper-handed a few months back and still think's GameStop is dying brick-and-mortar resent you. You don't need to justify yourself. All of our research has been documented, archived and literally shouted from the rooftops for months. As Michael brrry would say "*I warned, but no one listened*".
+
+    -   They may also try and backtrack to a pro-GME narrative now that it's not financial in their interest to side with SHFs. Just remember: MSM is not your friend, these people are allows pushing the narrative that they are paid push. It's literally their business model.
+
+-   Do nothing with the money - this kind of piggy backs off the first point about assembling a team of advisors, but please don't just cash out and go crazy with the money. Sit and think about it for some time. Let reality settle in and decide how are you going to use this money to help yourself and the people around you. Lambos are great but they won't bring you happiness forever. Don't blow that money down the drain. Educate yourself on how wealthy people maintain their wealth.
+
+Longer Term aftermath
+
+-   Expect turbulence in the economy - this wont be just contained to the world of GME. This is going to have a ripple affect across the world economy as the powers-that-be, who have been taking advantage of the system loops holes, finally pay their debt. Here is some essentials you should check out (in order) if you haven't already, this is 2008 ~~all over again~~ continued:
+
+1.  [Inside Job (Full movie)](https://www.youtube.com/watch?v=T2IaJwkqgPk) - by [Charles Ferguson](https://en.wikipedia.org/wiki/Charles_Ferguson_(filmmaker))
+
+2.  [The Bigger Short. How 2008 is repeating](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) - by [u/Criand](https://www.reddit.com/u/Criand/)
+
+3.  [A House of Cards](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) - by [u/atobitt](https://www.reddit.com/u/atobitt/)
+
+4.  [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) - by [u/atobitt](https://www.reddit.com/u/atobitt/)
+
+High/hyper Inflation - We need to talk about [inflation](https://www.fdic.gov/deposit/deposits/faq.html). In v1.0 of this guide I mentioned a possibility of inflation, but as more news has come out it's pretty much a guarantee. Also, I didn't give much recommendations on what to do about it. So, i learned a bit about inflation so you don't have to:
+
+-   The What?
+
+    -   Since governments have moved away from the gold standard, countries have the power to create money out of thin air through [quantitative easing](https://www.investopedia.com/terms/q/quantitative-easing.asp).
+
+    -   Inflation is the annual percentage rise in the cost of living. Okay so what does that really mean? Here is smooth brain explanation: If you have $1 in 2020, and inflation rises 10% in 2021, you still have your $1 but you only have the buying power of $0.90 relative to last year. This is why holding onto cash is not good in a high inflationary economy.
+
+-   The How?
+
+    -   Everyone always says its from over-printing of money, but in reality this is just a symptom of a failing economy, and a byproduct of the citizens lack of confidence in the currency.
+
+    -   In order to counter these rise in prices, the FED (or central bank) will raise interest rates, essentially reducing the amount of money in circulation.
+
+    -   The chair of the Fed, JPOW himself, said interest rates won't be [raised until 2023](https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html). However, fear is arising in the stock market as many speculate we have high inflation because the massive amount of "free money" initiatives to help the country get back on its feet, but it's just not being seen due to COVID-19.
+
+    -   I think it is also noteworthy to say there is a difference between high inflation and hyperinflation. Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
+
+-   How to protect yourself?
+
+    -   Well firstly I'd like to note assets to avoid during high inflation:
+
+        -   [Fixed rate bonds](https://www.investopedia.com/terms/f/fixedrate-bond.asp)
+
+        -   [Growth stocks](https://www.investopedia.com/terms/g/growthstock.asp)
+
+        -   [Cash](https://www.investopedia.com/terms/c/cash.asp) (yes, that includes the money in your savings account)
+
+    -   The best investments during high inflation:
+
+        -   [Real estate/land](https://www.investopedia.com/terms/r/realestate.asp)
+
+        -   [Commodities](https://www.investopedia.com/terms/c/commodity.asp) (Gold, oil etc.)
+
+        -   [Boomer Value Stocks](https://www.investopedia.com/terms/v/valuestock.asp)
+
+-   How about crypt-0?
+
+    -   I can't name certain coins here because of auto-mod, but you know of the big ones I'm talking about.
+
+    -   It is assumed that anything with a limited supply will inevitably move with inflation. the loss in confidence people have in fiat currency is prevented with crypt-0-currency as it has an immutable finite supply.
+
+    -   However, you also need to bear in mind the *utility* of the asset. Just because something has a limited supply does not mean it's valuable (*The 2021 shit-coin craze being evidence of this*)
+
+    -   In a financial nuclear winter event, it may a case that some coins may become too expensive to mine due to rise in electricity prices, leading to a disinterest/disincentivization in holding the asset and thus reducing it's value.
+
+    -   Be careful if you decide to hedge with these assets as they are yet to be stress-tested during a financial crisis, some might succeed and many will fail.
+
+-   side-note: One silver lining i learned about inflation is that the burden of any debt you may have will be softened as the nominal value of the debt stays the same even as the value of the currency decreases. What does this mean? if you owe money, lets say a mortgage or student loan, it is easier to pay of that debt as it is assumed you wages will increase, while the number of dollars you owe stays the same. (*not that you will have a job after the MOASS anyway ( ͡° ͜ʖ ͡°)* )
+
+[![r/Superstonk - The MOASS Preparation Guide 2.0](https://preview.redd.it/4xpmi7xxka871.jpg?width=1908&format=pjpg&auto=webp&s=1b1e4adfcd66be4d4003cbee35d6d0796c96badf)](https://preview.redd.it/4xpmi7xxka871.jpg?width=1908&format=pjpg&auto=webp&s=1b1e4adfcd66be4d4003cbee35d6d0796c96badf)
+
+Taken during the 2011 Ocupy Wallstreet March (At National i
+
+*If there is anything else you think should be in here let me know in the comments. This is just my opinion and not financial advice. I am just an ape who eats crayons for fun. This will probably be my last DD before valhalla (financially speaking), I'll finish by leaving you with this image (above ^). Remember what happened in 2008 and don't show any mercy. HOLD.*
+
+- Socrates ( ͡° ͜ʖ ͡°)
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+TLDR: no tldr you lazy ape, go read it. Its important
+
+_____________________________________________
+
+- edits 1: Diamond hands section typo : "***aren't* *enough shares", not "are enough shares"*
+
+*- edits 2: removed WardenElites exit strategy, added the gherkinit's exit strategy*
+
+*- edits 3: added mods twitters in Reddit going down section*

02-Resources/2021-07-01-Resources.md

@@ -0,0 +1,75 @@
+# Resources
+
+| Name | Description |
+| :---: | :---: |
+| [GameStop Newsroom](https://gamestop.gcs-web.com/news-releases-0) | Stay up to date with GameStop's latest strategic initiatives. |
+| [GameStop Investor Relations](https://gamestop.gcs-web.com/home) | Source for GameStop's financial news. |
+| [GME DD](https://gmedd.com/) | Resource that aggregates a compilation of GME due diligence. |
+| [GME Timeline](https://gmetimeline.com/) | Comprehensive timeline of GME-related events. |
+| [GME Technical Analysis](https://www.investing.com/equities/gamestop-corp-technical) | Tracks technical analysis, news, and other insights for a particular stock. |
+| [IBorrowDesk](https://iborrowdesk.com/report/GME) | Monitors borrow rates and availability using Interactive Broker's freely available data. |
+| [Stonk-O-Tracker](https://gme.crazyawesomecompany.com/) | Tracks available shares to borrow, options data, FTDs, and more. |
+| [Where are the Shares?](https://wherearetheshares.com/) | Tool that monitors FTDs. |
+| [SEC - Fails-to-Deliver Data](https://www.sec.gov/data/foiadocsfailsdatahtm) | Website that provides FTD data. |
+| [GME ETFs](https://www.etf.com/stock/GME) | Tracks how many ETFs hold GME. |
+| [ETF Channel](https://www.etfchannel.com/symbol/gme/) | Website that shows ETF holdings of a particular stock. |
+| [NASDAQ Short Interest](https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest#) | Provides short interest data for mid-month and end of month settlement dates for a particular stock. |
+| [Ortex - Short Interest](https://www.ortex.com/symbol/NYSE/GME/short_interest) | Dashboard that show short interest data. |
+| [NASDAQ - Real Time Trades](https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades) | Tool to monitor real time trades. |
+| [S&P 500 Heatmap](https://finviz.com/map.ashx) | Website that allows you to observe when Hedge Funds are liquidating in which sector(s). |
+| [Holdings Channel](https://www.holdingschannel.com/bystock/?symbol=gme) | Displays a list of funds holding GME. |
+| [Fintel - GME Institutional Ownership](https://fintel.io/so/us/gme) | Dashboard that shown ownership data, short interest %, and other reports. |
+| [FINRA - Morningstar](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.60.0) | Tracks equity and options data along with other information. |
+| [Yahoo - GME Historical Data](https://finance.yahoo.com/quote/GME/history?p=GME) | Shows a running history of GME previous open and closing prices, volume, etc. |
+| [Superstonk Quants](https://www.superstonkquant.org/) | Open-source resource that aims to provide quantitative analysis on the market. |
+| [Gamestonk Terminal](https://www.reddit.com/r/DDintoGME/comments/mxl0co/move_over_bloomberg_terminal_here_comes_gamestonk/) | Bloomberg-like Terminal created by [u/SexyYear](https://www.reddit.com/u/SexyYear/) |
+| [Stockgrid - Dark Pool Data](https://www.stockgrid.io/darkpools) | Dashboard that shows dark pool data. |
+| [NASDAQ - Reg SHO Threshold List](https://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold) | List that displays securities that are currently on threshold. |
+| [Repo and Reverse Repo Operations](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) | Tracks ON-RRP and participants daily. |
+| [Buffet Indicator](https://currentmarketvaluation.com/models/buffett-indicator.php) | Resource that depicts when the market is overvalued or undervalued. |
+| [Advisor Perspectives](https://www.advisorperspectives.com/dshort/updates/2021/06/04/the-s-p-500-dow-and-nasdaq-since-their-2000-highs) | Shows inflation-adjusted charts of the S&P 500, Dow 30, and Nasdaq. |
+| [DTCC - SEC Rule Filings](https://www.dtcc.com/legal/sec-rule-filings) | Lists rule filings from major institutions. |
+| [US Senate Stock Watcher](https://senatestockwatcher.com/) | Website created by [u/rambat1994](https://www.reddit.com/u/rambat1994/) that tracks stock trades of US Senate Members. |
+| [US House of Representatives Stock Watcher](https://housestockwatcher.com/) | Website created by [u/rambat1994](https://www.reddit.com/u/rambat1994/) that tracks stock trades of US House of Representatives. |
+| [Investor.gov - Researching Investments](https://www.investor.gov/introduction-investing/getting-started/researching-investments) | Website that you walks you through how to do your due diligence. |
+| [Tax My Tendies](https://taxmytendies.com/) | Tools that helps you calculate how much you'll owe in taxes post-MOASS. (US only). |
+
+*Table inspired by [u/Truffluscious](https://www.reddit.com/user/Truffluscious/)*
+
+# GameStop 
+| Show support at | 
+| :-: |
+| [Gamestop.com](https://www.gamestop.com/) | 
+| [Become a PowerUp Rewards Member](https://www.gamestop.com/poweruprewards/) | 
+| [... Which gets you a subscription to Game Informer Magazine](https://www.gameinformer.com/) | 
+| [Follow Gamestop on Twitter](https://twitter.com/GameStop) | 
+| [Subscribe to Gamestop's YouTube Channel](https://www.youtube.com/user/gamestopvideo) | 
+| [Follow Gamestop on Twitch](https://www.twitch.tv/gamestop) | 
+| [Follow Gamestop on Instagram](https://www.instagram.com/gamestop/?hl=en) | 
+| [Follow Gamestop on Facebook](https://www.facebook.com/GameStop) | 
+| [Apple Devices- Download the Gamestop App](https://apps.apple.com/us/app/gamestop/id406033647) (Link to App Store) | 
+| [Android Devices- Download the Gamestop App](https://play.google.com/store/apps/details?id=com.gamestop.powerup) (Link to Play Shop) |
+| Brands owned by Gamestop; ThinkGeek, GameInformer, [MicroMania](https://www.micromania.fr/), and [EB Games](https://www.ebgames.ca/) |
+| [Gamestop Ireland](https://www.gamestop.ie/), [Gamestop Germany](https://www.gamestop.de/) |
+
+*Table created by [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/)*
+ 
+# Social Media
+| Name | Twitter | YouTube |
+| :-: | :-: | :-: |
+| [Superstonk](https://www.reddit.com/r/Superstonk/) | | 🚨 [Superstonk Emergency Broadcast](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) 🚨 |
+| [u/DeepFuckingValue](https://www.reddit.com/user/DeepFuckingValue/) | [@TheRoaringKitty](https://twitter.com/theroaringkitty?lang=en) | [Roaring Kitty](https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ) |
+| Ryan Cohen | [@ryancohen](https://twitter.com/ryancohen) |  |
+| [RedChessQueen](https://www.reddit.com/user/redchessqueen99/) | [@RedChessQueen99](https://twitter.com/RedChessQueen99) |  |
+| [Rensole](https://www.reddit.com/user/rensole/) | [@rensole](https://twitter.com/ryancohen) |  |
+| [HeyItsPixel](https://www.reddit.com/user/HeyItsPixeL/) | [@heyitspixel69](https://twitter.com/heyitspixel69) |  |
+| [PinkCatsOnAcid](https://www.reddit.com/user/pinkcatsonacid/) | [@PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) |  |
+| [Dennis Kelleher](https://www.reddit.com/user/WallSt4MainSt/) | [@BetterMarkets](https://twitter.com/BetterMarkets) |  |
+| [Alexis Goldstein](https://www.reddit.com/user/dontfightthevol/) | [@alexisgoldstein](https://twitter.com/alexisgoldstein) |  |
+| Justin Dopierala | [@DOMOCAPITAL](https://twitter.com/DOMOCAPITAL) | [DOMO Capital Managment LLC](https://www.youtube.com/channel/UC3rCaBlsLlWJagcpbsais4w) |
+| Susanne Trimbath, PhD | [@SusanneTrimbath](https://twitter.com/SusanneTrimbath) |  |
+| [Dave Lauer](https://www.reddit.com/user/dlauer) | [@dlauer](https://twitter.com/dlauer) |  |
+| Andy Lee |  | [Andy Lee](https://www.youtube.com/channel/UC2e4QZAVEXQyH7BXfEE1GyA) |
+| [ByeTriangle](https://www.reddit.com/user/Bye_Triangle/) | [@ByeTriangle](https://twitter.com/ByeTriangle) | |
+| [sharkbait](https://www.reddit.com/user/sharkbaitlol) | [@u_sharkbaitlol](https://twitter.com/u_sharkbaitlol) | |
+| [BradduckF](https://www.reddit.com/user/Bradduck_Flyntmoore/) | [@BradduckF](https://twitter.com/BradduckF) | |

Confirmation-Bias-and-Discussion/2021-06-29-NYSE-Threshold-List-Collapsing-Shorts-and-Launching-the-MOASS.md

@@ -0,0 +1,56 @@
+The NYSE threshold list: collapsing shorts and launching the MOASS
+==================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bladeace](https://www.reddit.com/user/Bladeace/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/) | 
+
+---
+
+[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)
+
+TA;DR: threshold list killed small shorts in January. Big shorts took on their positions. Threshold list restrictions coming for big shorts too. Watch for GME being added to the threshold list.
+
+TL;DR: restrictions associated with extended periods of failures to deliver inform the past six months of GME shenanigans. These restrictions killed the small players who were short GME in January and allowed big players to take on their position. Big players assumed they could use their powers and resources to turn this losing hand into a big win. Apes stopped them. Now, finally, the big players are going to find these same restrictions applied to them - watch for GME being added to the threshold list.
+
+Background
+
+The New York Stock Exchange provides a list of 'threshold securities', which are securities that are regarded as difficult to borrow due to a large number of recent failures to deliver. When a security is on this list, there are limits on a market maker's ability to short sell the security in question and obligations regarding delivery requirements. These restrictions and obligations can increase the longer the security stays on the list. For further information and some relevant links, please see [this comment](https://www.reddit.com/r/Superstonk/comments/o9x3hf/guys_before_you_downvote_this_to_hell_bc_its_not/h3e1asv?utm_source=share&utm_medium=web2x&context=3) by [u/Cirand](https://www.reddit.com/u/Cirand/). There is currently some discussion of this topic because moviestock has been added to the threshold list recently, [this post](https://www.reddit.com/r/Superstonk/comments/o9x3hf/guys_before_you_downvote_this_to_hell_bc_its_not/?utm_source=share&utm_medium=web2x&context=3) by [u/OrwellsWarning](https://www.reddit.com/u/OrwellsWarning/) presents tweets by [u/dlauer](https://www.reddit.com/u/dlauer/) and Susanne Trimbath which is a good place to look for discussion of the significance of the threshold list (see the comments).
+
+In short, the ability to perform fucketry is diminished when a security is on the threshold list. /udlauer tweets that it might be unusual for companies like GME to make it onto this list (usually it's small companies). [This rather underappreciated post](https://www.reddit.com/r/Superstonk/comments/oadcb3/i_made_these_charts_illustrating_occurrences_of/?utm_source=share&utm_medium=web2x&context=3) by [u/mlebjerg](https://www.reddit.com/u/mlebjerg/) provides graphs of the price of moviestock and GME in relation to their being on the threshold list. Notice that the price of moviestock does not appear to be related to their being on the threshold list. Neither does the price of GME, with a notable exception.
+
+Key point
+
+Given the restrictions that come with being on the threshold list and its relationship with the historical prices of the two securities, I suspect the effect of being on the threshold list do not translate to price changes until the security has been on the list for long enough to compromise the ability of those with short positions to manipulate the price. On the below graph I compare the price of GME with the number of concurrent days it has been on the threshold list:
+
+[![r/Superstonk - The NYSE threshold list: collapsing shorts and launching the MOASS](https://preview.redd.it/yfmbrye3lb871.png?width=685&format=png&auto=webp&s=c28e1c25971667b38fc8717aba790de881771e86)](https://preview.redd.it/yfmbrye3lb871.png?width=685&format=png&auto=webp&s=c28e1c25971667b38fc8717aba790de881771e86)
+
+From the end of December 2020 and into the beginning of February 2021 GME was on the threshold list for 39 market days. I believe that this answers an important question that has been outstanding since February: it explains why they needed to resort to a market halt to stop the January spike but not the February gamma.
+
+The difference between January and February
+
+In [this post](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) from April I argue that the unusual market activity during February, the 'gamma swarm' or 'gamma squeeze', was an attempt to launch the MOASS that failed due to those shorting GME flooding the market with ever more short positions, which mitigated attempts to rapidly rise the price. In [this post](https://www.reddit.com/r/Superstonk/comments/nc1h4o/findings_from_my_analysis_of_605_data_huge_short/?utm_source=share&utm_medium=web2x&context=3) from May I argue that the changes in order flow indicate that the market center Citadel Securities was used to open a large short position in January and the NASDAQ market center was used to manipulate the price in February. These two arguments leave an unanswered question: if the spike in February was prevented by manipulation involving inter-market-center fucketry, why did they need to resort to a trading halt to prevent the January spike?
+
+I think the threshold list answers that question: trading was halted in January because GME had been on the threshold list for weeks prior to the spike, which prevented the other methods of price restricting manipulation available to those shorting GME. After weeks on the threshold list, and in the face of massive buying pressure, they had no winning play left - so they halted trading. I suspect that, with trading halted, they then brought the minimum number of GME shares required to cover the outstanding failures to deliver which then removed GME from the threshold list. I expect that this actually left them with *an even bigger* outstanding short position, considering how much it would have expanded during the January spike: they opened a bigger position due tomorrow, to close the positions keeping GME on the list today. I think this led to the game they've been playing since February.
+
+The story so far
+
+Notice that GME has not returned to the threshold list since early February. I think that this is because the parties shorting GME since then have been more competent, better resourced, and more powerful. I suspect that GME went onto the threshold list in December 2020 because a smaller player, perhaps Melvin Capital, was failing to cover or defer their short positions. Ultimately, this led to the January spike and a more powerful institution capable of the manipulation required to stop the spike stepping in. Essentially, I think at least one smaller player who was short GME collapsed in December and January which undermined the ability of the larger players to control the situation. In response, I suspect that the larger players with market maker privileges and influence over market centers took over these collapsing players.
+
+This is why I think that the short position was *expanded* in January even though I also think some positions were covered. As I discuss [in my post regarding the 605](https://www.reddit.com/r/GME/comments/nc2zcc/findings_from_my_analysis_of_605_data_huge_short/?utm_source=share&utm_medium=web2x&context=3) data (also linked earlier, the may post), it appears that the market center Citadel Securities was used to expand a short position during the January spike. Notice that the restrictions associated with a security being on the threshold list are not applied to all parties equally. This is how shorting took place in January, despite GME having been on the list for weeks - it was one of the smaller players failing to deliver that got GME on the list, so the big players were not suffering all of the related restrictions (especially those with influence over their own market center). I suspect that the short position was expanded dramatically in the leadup to the January spike and then, after the trading halt, the *oldest positions* were covered to resolve those failures to deliver that were keeping GME on the threshold list. In this manner, the short position was moved from small players to the big ones and the overall short position expanded while the reported short position lowered substantially.
+
+With their short position bigger than ever, I suspect that they attempted to crash the price in February to convince everyone that it's time to sell their GME shares. At this point, their position is likely looking quite strong - the short positions opened in January were at a high price per share, which means they've received more money from buyers than the current share price. So, on paper anway, they are in a strong position - yes, they owe an insane amount of GME shares, but the price of GME is now much lower. As long as they can *eventually* convince everyone this is over, they'll likely come out of this stronger than ever. If they can keep issuing more short positions that they eventually cover at a much lower price, after shareholders give up and move on, they'll actually have profited over this debacle and gobbled up smaller players. Provided the apes stop buying and move on, they've turned an infinite loss position into a huge win. Masterstroke.
+
+This is a bold plan, it will turn a massive loss into a huge win. So, they go all in and do an excellent job of it. The trading halt works by allowing them to consolidate the short positions into only those players big enough to pull this strategy off. Expanding the short position provides an influx of cash from buyers. Further shorting after the trading halt drops the price in early February. The political fallout allows them to announce very publicly that they've closed their positions. The media narrative fits perfectly to what they need to portray. For the first few weeks of February, it's working.
+
+Except, it doesn't work. It's an excellent play and they executed it well. Regardless, two factors prevent their success. Firstly, millions of weirdos from the internet appear to have disregarded all traditionally authoritative sources of information and keep buying more shares. Given the complete lack of any evidence to justify this behaviour, it's understandable that this caught the shorts off guard. At this point, it's too late - they're beyond fully committed to this play, they've gambled everything they have and the health of the entire financial markets on this. So, they do what they can to undermine this bizarre online resistance. Unfortunately, for them, they are also facing resistance from other big players who, for whatever reason, are not willing to allow them this victory. This resistance from other big players comes in the form of the February gamma, which attempts to launch the squeeze that was prevented with the trading halt ([link to my April post on this](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_source=share&utm_medium=web2x&context=3), also linked earlier).
+
+This sets the stage for everything that follows, March onwards. In January and early February the shorts win the battles. Smaller players die and cause a massive mess, but this allows the big-shorts to take over their positions and expand their short positions at a favorable price point while doing so. They gamble on an extreme play, a trading halt, to crash the price and it works. However, Apes pervert their attempts to motivate selloffs and realize they are being targeted with misinformation - so, they gather together to defend themselves. Ultimately, this becomes [r/SuperStonk](https://www.reddit.com/r/SuperStonk/). Other big players, perhaps fearing what the big-shorts have become and are doing, instigate the February gamma which reverses a large portion of the price crash and exposes the ongoing manipulation. As February draws to a close, the gamma has failed to launch the rocket and the Apes have only a vague understanding of what is happening. It's a stalemate.
+
+I think the battles fought in January and February have informed everything that followed. The big players short GME have used their power, influence, and resources to avoid any further restrictions on their GME activities. The big players opposing them have done what they can, but can't launch the rocket. Apes' might be described as the wildcard, but I think they're better understood as the battleground. As the months drag on, they grow in sophistication, numbers, and power. Six months into this mess, they're the ones holding the winning hand. It's the Apes' whose shares need to be brought: the shorts always needed retail shares, but after six months of endless shorting they now need *a lot* of retail shares and, much worse, the retail holders know it.
+
+If my outline, story I guess, is correct, then the outcome is inevitable. At least, assuming Apes hold. Eventually, especially in the face of tightening restrictions, GME is going to end up back on that threshold list. Once it does, the powers and privileges allowing those short GME to fight will be steadily stripped away until they can't do anything except watch as their obligations to the NSCC kick in and the attempt to close the infinite loss position they have burdened their peers with begins. I suspect this is why the new restrictions are finishing off with 'rules clarifications' that limit rehypothecation and prevent a borrowed share from being used to 'deliver' an earlier position. Once the failures to deliver can no longer be hidden, GME is going to end up back on that threshold list. Once it's there, those with outstanding failures to deliver will have their ability to short GME restricted and the big-shorts will be caught in the same trap they 'saved' the little shorts from in January.
+
+Finally, please note a recent by [u/Feeling_Point_5978](https://www.reddit.com/u/Feeling_Point_5978/) yesterday (I can't link, it's on a different subreddit) for discussion of this in the context of Moviestock. For what it's worth, I think that Moviestock is our canary in the coal mines on this issue. I suspect that the new restrictions, finally in effect from last week, will result in the failures to deliver GME to being piling up quite soon. If this happens, expect to see GME on the threshold list soon after. Once it's there, the restrictions escalate until it's off the list. I suspect that there is only one way GME is getting off that list once it's back on it, and that's the MOASS.
+
+(Please note that my incompetence limits the reliability of any of the above. I argue, think, and suspect many things; my saying it doesn't mean much regardless of how I phrase it - read with caution!)

Confirmation-Bias-and-Discussion/2021-06-29-RRP-is-the-Reason-for-No-Margin-Call-Liquidations.md

@@ -0,0 +1,30 @@
+Holy shit, THOSE MOTHER FUCKERS. thesis 2.0: RRP is the reason there has been no big boy margin call liquidations in the states. US T Bonds are considered collateral, its funding rehypothication, allows dividends, and finally institutions are able to circle jerk each other ETFs as their holdings.
+=========================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/A_KY_gardener](https://www.reddit.com/user/A_KY_gardener/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oab880/holy_shit_those_mother_fuckers_thesis_20_rrp_is/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+![Collateral is US T bonds](https://user-images.githubusercontent.com/82035192/123951557-ec5dc700-d972-11eb-841d-c3509a0c643d.png)
+
+![RRP 06.28](https://user-images.githubusercontent.com/82035192/123951619-fb447980-d972-11eb-852f-e0fad949a813.png)
+
+![TDA Investing in Friendly Competitors](https://user-images.githubusercontent.com/82035192/123951648-05667800-d973-11eb-896c-d3fe59d37308.png)
+
+![TDA funds detailed](https://user-images.githubusercontent.com/82035192/123951747-1fa05600-d973-11eb-954f-fcb6839b4180.png)
+
+![TDA trust owning all sorts of Schwab in 2019](https://user-images.githubusercontent.com/82035192/123951774-27f89100-d973-11eb-89b4-e04f55e06657.png)
+
+!["Collateral will be in the form of US Treasury Bonds"](https://user-images.githubusercontent.com/82035192/123951843-38a90700-d973-11eb-90a8-b9826a51c35f.png)
+
+![Schwab investing in themselves?](https://user-images.githubusercontent.com/82035192/123951915-4e1e3100-d973-11eb-85d9-acdcd17a64f8.png)
+
+
+
+
+
+

Confirmation-Bias-and-Discussion/2021-06-30-Hanks-Thot-Experiment.md

@@ -0,0 +1,51 @@
+Hank's thot experiment
+======================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oay9vr/hanks_thot_experiment/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+******** I am not a financial advisor, this is not financial advice *********
+
+Hey everyone thanks for reading my post yesterday. I'm still on a break from making big DDs (unless I stumble upon something major that warrants immediate attention), but in the mean time I wanted to create a dialogue, a thought experiment if you will.
+
+The point of this post is simply to create a discussion in the comments that will serve as ideas for future DDs for myself and other wrinkles as well as to generally facilitate a discussion.
+
+Here are my discussion questions:
+
+GENERAL QUESTIONS:
+
+In your opinion, what is the most likely trajectory of GME (i.e. if you had to predict what it will do for the next few months, what would you say)?
+
+```
+   What other scenarios could you see?
+
+```
+
+What topics do you want to see wrinkles make DDs about?
+
+What are the biggest weaknesses in the body of content of our current DD (i.e. what topics do we need to focus on because they are weaker)?
+
+What is the weakest part of the general theory of GME? What is the strongest?
+
+SPECIFIC QUESTIONS:
+
+Even if the FTD cycle theory is incorrect, it's still true that each cycle, the floor/support increases, which means that the price has increased steadily since February. However, as we all know, volume has been absolutely horrible -- pathetic. In a normal stock, this increase would be called a nonvolume supported trend; however, I think most of us believe this is happening because apes are holding, so the volume is just day traders and the HFs have moved buying volume into OTC trades. With that in mind, let's say that volume continues to decrease. If volume continues to decrease, assuming nothing material changes about GME, what do you think is the most likely trajectory (i.e. is there a point we could get to where volume would be miniscule or close to zero and if so what would do you think will happen)?
+
+The $350 level seems to be significant. The previous two times we got near it, we were BRUTALLY rejected and saw HUGE downtrends. The only time we got over it was January, when the market literally shut down buying. With that in mind, what is your take on the significance of this level? Is there a method we could use to reverse engineer it to try to find SI? What would you like to see us focus on with DD here?
+
+Do you think the MOASS will happen sooner (let's say before the end of August) or later and why?
+
+Many of you probably saw my last post where I used data from the absolute beauties that are our quants to determine that the "meme stocks" are correlated. My thoughts were that it indicated that institutions took large short positions on them all at the same time. What are your thoughts? Why do you think all of these stocks have been following similar patterns? IMO I don't think retail is behind it because it's impossible for a nonorganized/noncorrdinated group to make multiple stocks behave the same way for months. Though we undoubtedly have power, we can't coordinate like HFs, so I don't think that retail just randomly decided to buy and sell all of these at the same time? What do you think?
+
+What do you think about GME and coin (can't say because of automod)? I've documented the FTD cycle connection and how it might be used for covering, but what do you think?
+
+We all thought that RC being named board lord would be the "catalyst" causing the MOASS, but GME has reacted inconsistently to catalysts. Do you think catalysts have are relevant anymore? Do you think a catalyst will cause the MOASS or do you think it will be random like January?
+
+Finally, I expect this post to get a fair amount of activity, so if you have anything interesting to say or ask that I didn't cover above please put it below!
+
+******** I am not a financial advisor, this is not financial advice *********

Confirmation-Bias-and-Discussion/2021-06-30-The-Final-Battle.md

@@ -0,0 +1,46 @@
+The Final Battle
+================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/thomas798354](https://www.reddit.com/user/thomas798354/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/oar709/the_final_battle/) | 
+
+---
+
+[𝗦𝗽𝗲𝗰𝘂𝗹𝗮𝘁𝗶𝗼𝗻](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%A6%F0%9D%97%BD%F0%9D%97%B2%F0%9D%97%B0%F0%9D%98%82%F0%9D%97%B9%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%B6%F0%9D%97%BC%F0%9D%97%BB%22&restrict_sr=1)
+
+Apes as I see my fellow comrades disappointed on the battlefield I began to go back to my drawing board and think tactfully as how I would wargame from Citadel's point of view. I realize a lot of you are mad about T+21 and I must really have supporting documents this time so I will proceed slowly with lots of quotes and rule references, I invite anyone to politely cite their opinion.
+
+TLDR; Citadel used the OTM options locates one last time to the extreme before 005 came into effect to try and buy back shares at the lowest price possible. Hold the Stock, don't fall for the other baited plays coming up, and be patient apes. Short squeezes will be a thing of the past after this. 005 will hopefully stop locates in options chains and also prevent a lent shares from being rehypothecated and leant to someone else. We could see the borrow time reduced to a maximum of T+6.
+
+REG SHO 101-
+
+Rule 203: Locate requirement- *Locate Requirement*. Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.[[7]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn7) This "locate" must be made and documented prior to effecting the short sale.
+
+Rule 204: *Close-out Requirement*. Rule 204 requires brokers and dealers that are participants of a registered clearing agency[[8]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn8) to take action to close out failure to deliver positions. Closing out requires the broker or dealer to purchase or borrow securities of like kind and quantity. The participant must close out a failure to deliver for a short sale transaction by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. If a participant has a failure to deliver that the participant can demonstrate on its books and records resulted from a long sale, or that is attributable to bona fide market making activities, the participant must close out the failure to deliver by no later than the beginning of regular trading hours on the third consecutive settlement day following the settlement date, referred to as T+6. If the position is not closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)[[9]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn9) may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement) until the broker or dealer purchases shares to close out the position and the purchase clears and settles. In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as "threshold securities," if the failures to deliver persist for 13 consecutive settlement days.[[10]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn10) Threshold securities are equity securities[[11]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. As provided in Rule 203 of Regulation SHO, threshold securities are included on a list disseminated by a self-regulatory organization ("SRO"). Although as a result of compliance with Rule 204, generally a participant's fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect.
+
+Rule 204 Exception: Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity.
+
+Okay lets start with what is happening, since before January the SHF (short Hedge Funds) realized that they couldn't bankrupt GME anymore. Their new goal is to get the price to be as low as possible before they cover due to almost all the Hedge Funds short already being at 49% losses or more. In 2019, before they were going to short GME to death they wanted to profit off of the derivatives market and placed puts on Jan 15th a huge options date that could have been bet on years out. At T+3 we saw a big run up Jan 22 from T+4 opened 42$ closed 65$ running to 96$ before premarket. The next day, T+5 was trash it opened at 96$ and closed at 76.79$ (not special). This was followed with T+6 where the latest date to close was opened at 88.56 and closed at 147.98 after markets running to 354.83. May 21 lead to May 26/27 and June 1/2 T+3, T+6 sometimes the deliveries catch up after market and premarket.
+
+Time to start explaining my little working theory. I am now a hedge fund, come join me in shorting GME (theoretically). So imagine this, we want to short the crap out of GME in a few different ways. Everyday downwards pressure to suppress price, and once a month we want to unload to spike it down. In order to short GME we must first find a broker willing to lend us shares, but this provides us with a problem because we don't own these shares we have to return them in T+3 or T+6. If we provide the locate for these shares meaning we own them or a security that is "like" them then we fall under the exception.
+
+Let me paint a picture for you, June 2 closed high from the T+6 from May. June 4th I was eating a protein bar on a ruck march thinking about how fucked the HF were when I saw SSR for AMC and GME.....Then the SHF borrow shares 3 & 4 June to short and replace them T+3 which was June 8/9 the SSR was because the HF borrowed all the shares possible from the brokers and ETFs. We are hype going into the shareholder meeting, so hype about 350$ no one is questioning why the SHF bought so many OTM options on July 16th. The HF loaded their short cannons with locates for the earnings report meaning they could short shares as much as possible with their locates at close to 85M total shares in JULY-JAN2022 options chain.
+
+"If a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver", "the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity." Funny how they shorted the crap out of GME June 10th and 35 calendar days is July 15th, the day prior to their options expiring.
+
+Let me show you what this looks like from the round table at citadel securities:
+
+Hey Ken, I can't buy you anymore time over at DTCC. I have to pass 005 but I can make sure we file it June 24 and that it doesn't get sent to the federal register until June 30th. This buys you enough time to trick them with a T+3 borrow and a massive located short sale during a share offering, not to mention their disappointment that the new rules don't work at all. The short will cause apes to lose faith when 30% of the value disappears, and the only risk is that if you cant get the price low enough to cover under 350$ before July 16th. We lose anyways because 005 is in effect and July 16th will have T+3, T+6 buys when those OTM locates expire and cannot be kicked. To make matters worse the ETFs cannot help them anymore, the Russel 1k has even less shares to borrow. This is the last ditch effort to get the price down before they have to cover. Simultaneously they are attacking us with all of these "buy this instead" plays while GME sits idle and loses value, look at the threshold securities list! Half the people hyping it don't even know wtf it means.
+
+Remember the DFV tweet from Ready Player One, sometimes we must go backwards to win the race. Remember the latest cohen tweet with the fart alluding to the south park movie where kenny watches Terrance and Phillip in the movie theater and lights his own fart on fire, then he dies by getting dumped on by a "russell's" salt truck.
+
+[I'm not making this up](https://preview.redd.it/thwgb9sjic871.png?width=926&format=png&auto=webp&s=a33017b3e7998cdb02a1f66fdabda05cce27fca2)
+
+Threshold Securities List- Threshold securities are equity securities[[11]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. Let me show you how easy this is to do with large float stocks for insert example stock...... borrow 500M*.005 shares= 2.5M and then don't return them.
+
+That's it! That's all they have to do borrow less than 1% of the float and not return it.
+
+Edit: Let me explain why I don't think net settlement is a big deal, these bad guys have an unfathomable amount of money. I highly doubt someone that controls 30% of all trading is going to go bankrupt over a single security guys. These little HFs have been going bankrupt, they have. Look at Melvin, archegos, greensill, GFG, the new one out of London. They are feeling the heat, one by one they have been failing. Getting these giant bosses to fail is a completely different story, as much as we want to see these giant ones fall it's most likely not going to happen. They will survive with bailouts, tricks, illegal trading, whatever the reason may be. Make no mistake however this is a financial revolution and we got what we wanted. These rules that are put in place will stop them from doing what they have been doing under REG SHO. Will they take a big hit at the end of the day? Yes, will they all die? No, did we change the way the game is played? Certainly. They paid to take over Reddit nuff said.
+
+Just buy and hold GME. Our time is coming.

Confirmation-Bias-and-Discussion/2021-07-01-GME-Appears-to-have-Thirty-Times-more-FTDs-than-TSLA.md

@@ -0,0 +1,46 @@
+Simple FTD math based on u/ChrisCraftTexasUSA post... GME appears to only have about 30 times more FTDs than TSLA... Just...
+============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/taranasus](https://www.reddit.com/user/taranasus/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obh3z3/simple_ftd_math_based_on_uchriscrafttexasusa_post/) | 
+
+---
+
+[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)
+
+The starting point of my maths: [(1) GME FTD shares Failed to Deliver SEC link: https://sec.report/fails.php?tc=36467W109 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/obet09/gme_ftd_shares_failed_to_deliver_sec_link/)
+
+I think "FUCK ME" is an understatement here. I've been comparing GME FTDs with TSLA FTDs since TSLA is the more "Volatile" of the stocks out there. The numbers are mind blowing.
+
+The very last datapoint we have on GME is June 14, with a FTD count of 105,712
+
+The highest ever nr of FTDs in one day for TSLA was on DEC 17, 2020, at 1,382,452 FTDs.
+
+At first glance, it would look like the tesla number is 10 bigger than the GME one no? Well you'd be right, however we need to remember that the number of outstanding shares for the two companies are wildly different. On Dec 17, TSLA had 905,000,000 outstanding shares, while on June 14, GME had only (assumed) 77,000,000 outstanding shares.
+
+So if you put these percentage wise:
+
+- TSLA: 1382452 / 905000000 * 100 = 0.1527 % of total shares were FTD
+
+- GME: 105172 / 77000000 * 100 = 0.1372 % of total shares were FTD
+
+So just a random day in June for GME had as many FTDs as Tesla did in its highest day ever in its history.
+
+So then... the question on everyone's mind... what was GME's highest FTD day? Well you see everyone, Oct 13 2020: 3,210,148. On that date, according to ycharts, GME had 65.2M outstanding shares. I'm actually going to go with 70 mill shares as I think the 65M number is wrong. So
+
+- 3210148 / 70000000 * 100 = 4.5% of total shares were FTD. THEY COULDN'T LOCATE 4.5% OF THE GOD DAMN COMPANY!
+
+SEC what the fuck are you doing??? Seriously who looks at these numbers and goes like "YEP, THIS IS FINE!". Do your god damn job!
+
+Sources:
+
+GME FTD data <https://sec.report/fails.php?tc=36467W109>
+
+TSLA FTD data <https://sec.report/fails.php?tc=TSLA>
+
+GME Outstanding Share Count data: <https://ycharts.com/companies/GME/shares_outstanding>
+
+TSLA Outstanding Share Count data: <https://ycharts.com/companies/TSLA/shares_outstanding>
+
+No fuckery going on here people....

Confirmation-Bias-and-Discussion/2021-07-01-T+35-Follow-Up.md

@@ -0,0 +1,90 @@
+T+35 Follow Up [some general thoughts]
+======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/dentisttft](https://www.reddit.com/user/dentisttft/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obng9s/t35_follow_up_some_general_thoughts/) | 
+
+---
+
+[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
+
+Hello everybody! Yes, I'm still here.
+
+I wrote a post a couple weeks ago about T+35 FTD's. [T+35 is the one true "cycle"](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/)
+
+I've been wanting to write a follow up post for a while, but I didn't want to write it until I had more answers. That led me down a very deep and confusing path tracking ETFs, and to be honest, I probably won't be able to get a full picture for a bit. So I'll go ahead and do a quick follow up post now.
+
+Does T+35 still happen?
+
+Yes. They're not always easy to spot. 6/25 had 40,000 FTDs were most likely covered at 12:20 EST. 6/17 had a 90,000 volume candle which could have easily been the next three days worth of FTDs. Remember, there is nothing forcing them to wait until the last day. This is just what they HAVE been doing. After my post got some attention, I noticed a difference in the FTD behavior. Either they wait until the last possible minute, they cover in the first minute, they cover multiple days early, etc.
+
+Why is it 35 days? (technically, before the 35th day)
+
+The stock gets shorted and settles into an FTD in T+2. Normally, Rule 204 would require them to close the FTD within a day or two. But on the FTD day, they sell a put giving them the "deem to own" clause of Rule 204. When they are "deemed to own" a share, they are able to wait 35 days from the *transaction date*. This is why the 34 days starts on the FTD date, not the date it was shorted like you may think.
+
+If you want proof of this, there is a certain stock that reminds me of a leprechaun. It had a HUGE FTD day in early june. Next thing you know, Put OI sky rocketed. Check other less popular meme stocks and you will probably see the same thing.
+
+What about ETF FTDs?
+
+In my post I stated that ETF FTDs behave the same way as GME FTDs. This is only partially true. They DO get delayed 35 days. They DO NOT get covered on the 34th day following the FTD. There are details within Rule 204 that make the timing slightly different. I've spent the last couple of weeks figuring out all the nitty gritty details... but woah... it's a mess. I'd like to make a post sometime soon with my findings.
+
+Why do FTDs not do much anymore?
+
+It looks like they are shorting the ETFs when they have GME FTDs due and shorting GME when they have ETF FTDs due. You can see this by going 34 days from an ETF FTD. The ETF and other non meme stock in the ETF will rise from the cover but GME will stay flat. I plan on covering this more in my future ETF post. But damn, that spring is getting extremely coiled.
+
+[![r/Superstonk - T+35 Follow Up [some general thoughts]](https://preview.redd.it/tzjywmtg4m871.png?width=2242&format=png&auto=webp&s=3d1b425ba9041c37465618d6181449f8d8ab3d19)](https://preview.redd.it/tzjywmtg4m871.png?width=2242&format=png&auto=webp&s=3d1b425ba9041c37465618d6181449f8d8ab3d19)
+
+Heatmap of ETF FTDs (not weighted by %GME). Each ETF is colored individually so they are on their own scale.
+
+The top third is the heavier ETFs. Look at those cycles. Fun stuff.
+
+Why didn't the new 002 rule do anything?
+
+I tried leaving a few comments to explain this, but I'm sure a lot of people didn't see it. Remember they were *already* satisfying the requirements of the old monthly rules when the new rule came into effect. The deposit for the old monthly rule was already made. I don't see any reason why they suddenly would be over budget from a daily check. The effects of 002 probably won't be seen until the next GME run up.
+
+Do the FTDs even matter?
+
+GME FTDs, no... ETF FTDs, yes. The problems that were coming from the high numbers of GME FTDs have moved to the ETFs. Until the ETF FTDs hit a breaking point, GME will most likely stay flat and have an occasional spike like we saw on Wednesday. The way I see it, moving the problems to ETFs only delays everything at the cost of inflating the entire market.
+
+When is the next big T+35 day?
+
+Friday and Tuesday look decent. But history tells me it will be a spike and then settle again. They are putting in a lot of money to keep GME from taking off.
+
+What does that mean for me?
+
+Keep doing what you're doing. It's building up. It's coming, probably sooner than you think. Future posts will cover this.
+
+Want to see something fun? GME is repeating itself.
+
+The weeks after January are currently happening again at a higher floor. Why? I don't know. It might have to do with quarterly options that have been open for a while. But I wouldn't expect anything to happen for a week or two. ** not manipulated... I swear... hehe **
+
+[![r/Superstonk - T+35 Follow Up [some general thoughts]](https://preview.redd.it/cb1m05dm5m871.png?width=1097&format=png&auto=webp&s=5605fd333b0ac1d9b31c6ad16a290acd15d9202a)](https://preview.redd.it/cb1m05dm5m871.png?width=1097&format=png&auto=webp&s=5605fd333b0ac1d9b31c6ad16a290acd15d9202a)
+
+What about T+21?
+
+I don't know. I'm still not sure T+21 is a thing. I think there are other factors in play that ended up giving GME spikes 21 days apart. Possibly two T+35 cycles at the same time. I have reason to believe the spike in May and the two in June came from ETFs. These are the same reasons I don't think there will be much longer to wait. A couple weeks... but more on that in another post.
+
+---------------------------------------------------------------------------
+
+Alright, that's about all I wanted to cover as a follow up. Sorry it isn't full of juicy content. I was waiting to post until I had real answers, but it's taking longer than expected. The ETFs are the key to the puzzle and they're hitting a boiling point.
+
+TL;DR:
+
+-   T+35 with GME FTDs still is a thing, but GME is being suppressed pretty hard right now.
+
+-   T+35 with ETF FTDs works, but it's not 35. It's 35 days from the puts being sold. I'll have a new post in the future with more details.
+
+-   The driving forces behind GME have moved into the ETFs.
+
+-   HFs are switching back and forth between shorting GME directly and shorting the ETFs to keep GME consistently down.
+
+-   I'll have a post about ETFs in the next 4-5 days.
+
+Also, I made a twitter account so I can post thoughts throughout the day without needing to write a full post. I don't know how much I'll use it. <https://twitter.com/dentisttft>
+
+I had to turn off most of my notifications. The best way to get a hold of me is by tagging me in a comment. It never notifies me of tags in posts... so make sure it's a comment. I try to respond to all tags.
+
+Alright, pce~~~
+
+- [u/dentisttft](https://www.reddit.com/u/dentisttft/)

DD/2021-06-30-Demystifying-the-Feds-ON-RRP-Operations.md

@@ -0,0 +1,216 @@
+Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world
+==============================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/jsmar18](https://www.reddit.com/user/jsmar18/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oaw2ls/demystify_the_feds_onrrp_operations_why_do_we/) | 
+
+---
+
+[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)
+
+Two things that have led me here 1. Trying to figure out WTF Michael Burrry was trying to reference and getting it wrong several times 2. Why the fuck do we care so much about the Feds ON-RRP operation?
+
+There's been so much hype about the ON-RRP volume the past three months or so, and it made me reflect. I don't actually know why I'm hyped about it or why people keep posting about it. I had a good idea of why, at least I thought I did, but I decided to go about researching it further and ended up collaborating with a repo expert who's had over 20+ years in the industry working at 3 different primary dealers.
+
+All I knew was incorrect. From how the Feds ON-RRPs are used, who is putting the money into ON-RRPs, and why I was hyped about it increasing every day.
+
+So let's go on a journey to understand some history of the Feds ON-RRP operations and how that led me to realising I was looking at the wrong hints from Michael Burrry.
+
+1.  A Series of Unfortunate Events
+
+2.  Honey, I Sucked All the Liquidity Out
+
+3.  Honey, I Blew up the Rates
+
+4.  Star Wars: The Fed Strikes Back
+
+5.  What Michael Burrrry was trying to allude to (ran outa puns)
+
+A Series of Unfortunate Events
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/d9o37zup8e871.png?width=960&format=png&auto=webp&s=245f72ebfbbe0147f89cb7643aed6196546202b6)](https://preview.redd.it/d9o37zup8e871.png?width=960&format=png&auto=webp&s=245f72ebfbbe0147f89cb7643aed6196546202b6)
+
+From the above, you can see how this was a disaster waiting from back in 2008 when they started buying up assets due to the GFC. It all came to nip them back in the butt, let's see what happened next shall we?
+
+Honey, I Sucked All the Liquidity Out
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/jikg6isy8e871.png?width=960&format=png&auto=webp&s=6d1c0ccd93eead724b0230da757905b1e1edfd41)](https://preview.redd.it/jikg6isy8e871.png?width=960&format=png&auto=webp&s=6d1c0ccd93eead724b0230da757905b1e1edfd41)
+
+Despite people often referring to 6. (myself included in a past DD) as Quantitative Easing (QE), it's not. It looks like it though on face value. The Fed had to say it was not specifically in previous notes and meetings, as these types of operations do not stimulate the economy, it's just the get the markets "oiled up again". We're talking about their repo operations here specifically, not adding back assets to their balance sheet.
+
+Rates, Rates and Rates
+
+Before we get into the next section, let's understand the floor system that the Fed uses. The general gist of a floor with subfloor system, the fed sets several targets. Policy is announced as a target range for fed funds rate, top range of that is given by the IOER that they set and the bottom is the ON-RRP.
+
+Interest Rate on Excess Reserves = IOER = Floor
+
+Overnight Reverse Repo= ON-RRP = Subfloor
+
+Why not call it a roof and floor? To make it confusing for anyone that's not in their world to understand 😂
+
+Below is a visualisation to help put it in perspective, the federal funds rate aims to sit in the middle generally.
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/bkzktfp59e871.png?width=651&format=png&auto=webp&s=dc73e43dbe1db2a77215cf5642b3d7229f298387)](https://preview.redd.it/bkzktfp59e871.png?width=651&format=png&auto=webp&s=dc73e43dbe1db2a77215cf5642b3d7229f298387)
+
+Honey, I Blew up the Rates
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/og4qpt799e871.png?width=960&format=png&auto=webp&s=57a0af2bdb7c3d3250e437308781107ee451707a)](https://preview.redd.it/og4qpt799e871.png?width=960&format=png&auto=webp&s=57a0af2bdb7c3d3250e437308781107ee451707a)
+
+What happens if the fed funds rate were higher than the IOER?
+
+That would mean a bank wanting to lend their cash would earn more interest on the fed funds market compared to lending to the fed at the IOER - aka the money the fed pays them on their reserves. This demand for fed funds would then cause the fed funds rate to go down (theoretically).
+
+Let's Chat ON-RRP
+
+We only talk about the recent spike in activity, and totally ignore what's happened previously. This ends up leaving us uninformed of the contextual reasons for it spiking.
+
+So starting in that rough 2018 period, it becomes obvious that the ON-RRP facility is not actually helping all that much when it comes to their ability to control the federal funds rate, keeping it within the 25-basis point target range they had back then.
+
+There's also another reason for their disappearance which is to do with the Fed hiking rates from 2016 onwards, the banks can now get paid more in interest from the Fed on their reserves in comparison. There's liquidity regulations nowadays in comparison to pre GFC times. The Liquidity Coverage Ratio (LCR) is a big boi, but in summary, banks just need to hold some combination of reserves and U.S. treasury securities to guard against deposit outflows in times of market stress.
+
+Due to a range of reasons, banks actually prefer reserves compared to securities - main reason being if treasuries are sold off quickly, it'll drive prices down, so in the end, reserves are preferred.
+
+Rate Wars: The Fed Strikes Back
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/8mlk2m0e9e871.png?width=960&format=png&auto=webp&s=7bc4dd1536cee9bf4e59eb274b6f3cc288553793)](https://preview.redd.it/8mlk2m0e9e871.png?width=960&format=png&auto=webp&s=7bc4dd1536cee9bf4e59eb274b6f3cc288553793)
+
+That was a lengthy one, but now you know the contextual history of how the Fed manages its rates and why RRP is exploding (on purpose to manage rates, if that was not clear already). It's honestly not that big of a deal that people make it. Please remember online new sources do tend to write for viewership, as such, disaster writing will bring in more viewership than boring macro economics talk....
+
+Let's dig into some myths that often get talked about incorrectly in relation to ON-RRPs operations of the Fed. Before we get to debunking, let's understand Tri Party and what itm eans.
+
+Tri Party Repos
+
+Both Repo and Reverse Repo operations are done in a triparty format (also remember, they are one in the same transaction). Only around 0.1% are done DVP (directly). This is largely for efficiency purposes - let's visualise what this tri party process looks like.
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/uen1anm8re871.png?width=967&format=png&auto=webp&s=aee789cfa3951aea8ce1a72e9bc51cb697ccc31c)](https://preview.redd.it/uen1anm8re871.png?width=967&format=png&auto=webp&s=aee789cfa3951aea8ce1a72e9bc51cb697ccc31c)
+
+The most obvious thing with a triparty repo is that the customer receiving the collateral does not have access it. It's sitting in the trade shell the custodial bank set-up. So if the they want to re-use the collateral sitting in that shell, it's actually the custodial bank that'll set that up. DVP (Direct) can't be reused unlike Tri-party.
+
+Collateral Re-use is simply as follows, custodial bank takes the existing shell and puts it into another shell.
+
+I think we know enough now, so let's get to debunking!
+
+Debunk Time!
+
+Hedge Funds are involved with RRP
+
+This is not exactly a popular one, but i've seen it mentioned before. HFs have zero involvement in the Feds' ON-RRP market. The following link plainly debunks this one. <https://www.newyorkfed.org/markets/rrp_counterparties#reverse-repo-counterparties>
+
+While HFs are not involved with the Feds' ON-RRP market, they certainly are in the repo market as it's how they leverage their long positions and cover their short positions.
+
+The effect of the high RRP amounts will blow up everything
+
+The above is dramatic, but you get the general vibe that's shared within the sub. All the analysis we've done above should give you the answer. Once rates increase, money market funds will move elsewhere. We've seen recent increases, so why no change in ON-RRP volume? Because MMFs are not gonna show a rate better than 5bps, as the repo market also moved up the same amount... So why move your money if there's no benefit? We can observe the recent days tapering off in volume since the 5bps increase, so this will likely be the future trend, if not decreasing.
+
+The Fed will continue its balancing act. It is very much a build-up from 2008 and [u/criand](https://www.reddit.com/u/criand/) 's recent post is some good storytelling on it (as well as this DD from a more technical standpoint). As such the Fed are learning as they go, it's becoming clear that loading up the ON-RRP facility is not sufficient to influence rates, which is displayed through the most recent rate increase by 0.05%. They just does not care about the volume of ON-RRP being high, because that's how it's designed to work, policy-wise. They have far more assets than the participants have cash, so as long as demand is there it'll keep rising until something otherwise changes (such as rates increasing as mentioned above).
+
+We're only noticing this because big numbers attract attention and we made a connection between rehypothecation and reverse repos. But wrongly so in my opinion. (pls no pitch forks).
+
+RRP is used to support trading/margin functions
+
+This is not a popular theory either, but better to touch on it while we're here.
+
+It's illogical to use RRP as a way to post margin. It "could" be done, but why would you spend cash to borrow treasury securities? You end up in the same spot regardless if you're using cash or a security to post for margin.
+
+Trading 212
+
+May as well touch on this topic while it's making its rounds. What's described in their terms they are trying to get people to agree to is described as a collateral swap with a haircut. The haircut is anything over that 100% mark. To be clear, it's very common and it should not come as a surprise to anyone who has bought shares through a broker that lends out customers' shares.
+
+You should get in contact and ask what type of collateral is posted and MORE IMPORTANTLY ask for your shares not to be lent out. If they say "nah dawg", then ask if you get the profits reaped from the haircut in the case above, or any interest charged.
+
+As to what happens when the MOASS happens and HFs start going bankrupt, no clue. A good topic for someone to delve into. What about bond value taking a dive? Dunno, best guess would be they'd have brokers knocking on their door.
+
+Treasury Securities are being shorted utilising rehypothecation
+
+I think this is probably the biggest theory that's misunderstood.
+
+It's technically possible to do this, the problem is that it just makes no sense to do it. The main reason is due to how the shell functions that the Custodial bank sets up. They create a shell for the collateral that the Fed dumps their securities into, the only problem is, the dealer/counterparty does not know which issue they'll get in that shell. The Fed decides what to put in that shell.
+
+So let's imagine you are wanting to short a bill and you have a crystal ball.
+
+You're not gonna be shorting a 3 month bill simply due to the maturity of the trade, and more likely a longer dated issue such as the 30yr where you'll make far more money.
+
+Using the crystal ball:
+
+IF you knew the bill or bond being given in the RRP shell
+
+AND IF you could sell that issue in time before the market closed for the day AND sell it for cash (same day) settlement.
+
+AND IF the Fed whispered in your ear that you'd have it for a week straight (meaning you won't have any fail to delivers)
+
+AND IF the Fed did this all in DVP for you (0.1% of all ON-RRP trades, Fed only does Tri-party), else you can't touch the security as it's in a shell created by the custodial bank
+
+So if all these unlikely things were to occur, you're still in the pickle of being in the need to buy back the bond you shorted the next day (because these are overnight transactions remember), if you don't find it then you'll be on the hook for 300bps (3%) a day on FTD charges, which in the bond world, is a big deal.
+
+You'd also likely need to be a primary dealer (big boys like goldman) to pull this off in the first place, but the Fed would get pissed and you're jeopardizing your primary dealership status - which is something you don't want to risk as you'll make more money being a primary dealer rather than being kicked out of the club.
+
+The source i've been working with has said over his 24 years time at a variety of primary dealers, Not one would have voluntarily shorted ON-RRP bonds. It's just way too risky and there's virtually no upside - IF you could even pull off the above in the first place.
+
+Figuring out what MB meant this whole damn time....
+
+There's been three things that Michael Burrry mainly tweets about
+
+1.  Cryptocurrency
+
+2.  Inflation
+
+3.  Leverage
+
+(and random non financial stuff - borrrrinnngggg)
+
+I've personally been on a mission to understand wtf he meant ever since he deleted his profile the first time, leaving us a link to a note from the federal reserves on the in and outs of collateral re-use (pictured below).
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/5am3ooiw9e871.png?width=293&format=png&auto=webp&s=b82b1cf9a74245668d1b6e70c38cce817ca7d23c)](https://preview.redd.it/5am3ooiw9e871.png?width=293&format=png&auto=webp&s=b82b1cf9a74245668d1b6e70c38cce817ca7d23c)
+
+The Fed note was so so heavily focused on Reverse Repos, Repos, Rehypothecation that it clouded my judgement in terms of what he was trying to reference within that paper. Largely because it was the talk of the town at the time (and still is), but as we went through above, the purpose of that was to show that the ON-RRP numbers we screenshot all day are not a huge concern.
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/lvvgvacy9e871.png?width=943&format=png&auto=webp&s=5cd3a571ee45636e2cff0878f4124c3e2e0004c5)](https://preview.redd.it/lvvgvacy9e871.png?width=943&format=png&auto=webp&s=5cd3a571ee45636e2cff0878f4124c3e2e0004c5)
+
+It's the tweet above that ironically connected the dots for me, but also answered the question in itself as it gave us what we already knew in a way. But i'll walk you through what i perceived him trying to point out in regards to the speculative bubble. I believe this was the chart he was alluding reference to, specifically, the margin loans trend.
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/y00d0gx0ae871.png?width=596&format=png&auto=webp&s=ca28cbc11b56922c5258057dc421f8eb3ac2e545)](https://preview.redd.it/y00d0gx0ae871.png?width=596&format=png&auto=webp&s=ca28cbc11b56922c5258057dc421f8eb3ac2e545)
+
+Unencumbered Products
+
+This refers to positions that are purchased outright that are free of legal, regulatory, contractual or other restriction on the ability of the reporting entity to monetize the assets. The entity in this case are primary dealers, the big bois of the world, of which 24 exist. You can find the list [here](https://www.newyorkfed.org/markets/primarydealers), names from Goldman, Morgan Stanley to you get the gist. Now note, the chart above is only based on a subset of primary dealers, so the numbers could very well be bigger.
+
+Back to the Chart
+
+What we can see is the following:
+
+[![r/Superstonk - Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world](https://preview.redd.it/913chwt2ae871.png?width=960&format=png&auto=webp&s=db38ca9e7f2d6172edff30ab7ddaf924f4d72571)](https://preview.redd.it/913chwt2ae871.png?width=960&format=png&auto=webp&s=db38ca9e7f2d6172edff30ab7ddaf924f4d72571)
+
+I was attempting to find what "order of magnitude by 2" he was referring to, and the closest thing i can refer to is the total is how margin+cash accounts have gone from millions -> billions -> trillions. The greatest crash in US history was "The Wall Street Crash" in 1929 (or at least most famous, please correct me if i'm wrong), sadly i don't have data that goes back that far - but i don't think it'd be a long shot to imagine that aggregate margin+cash accounts may have been in the tippy top of the millions in the 1920's.
+
+Therefore we've gone from millions in the 1920's to billions in the late 1900's and we've just hit the trillion mark in Dec-2020. So there are your two orders of magnitude ladies and gentlemen.
+
+And that is what i believe MB has been referring to, we obviously did not figure it out, because the dude had to come back from his SEC enforced slumber to literally serve it up on a plate via a tweet.
+
+It essentially comes down to this logic in the past year since COVID happened, with primary dealers, aka big banks like Goldman saying "Yeah nah, we're not gonna get fucked, let's pump cash into the market via our HF buddies to make sure they don't tank and continue their bull run" - *All while being leveraged to the tits...* pretty easy judgement to make from my POV. As we say, kick that can down the road.
+
+TL;DR
+
+-   The Feds ON-RRP are really nothing to be worrying about, let alone posting everyday. As soon as rates go up high enough, Money Market Funds (make up majority of ON-RRP volume) will take their cash elsewhere (we're starting to see this already)
+
+-   Hedge funds are not involved in ON-RRP as they are not "on the VIP list" if ya get what i mean
+
+-   ON-RRP is not used to support margin/trading functions
+
+-   Treasury securities that are rehypothecated are not being shorted (it's purely illogical)
+
+-   Margin balances are fucked at $800b+ an ~83% increase from last year. It really feels like they are trying to prop the market up via speculative and spectacularly dumping cash into the market (don't forget the increased presence of retail in these markets now as well)
+
+Counter DD
+
+The first part of the DD tends to go against the grain of <https://www.reddit.com/r/Superstonk/comments/o9aanm/black_monday_events_are_mondays_which_experience/> which is [u/Criand](https://www.reddit.com/u/Criand/)'s post about RRP in some areas. To note, i agree on most points about the spikes re EOM dates.
+
+The thing i have the largest disagreeance with is that the Feds ON-RRP operations are something to worry about. As soon as rates go up to a certain level, MMFs will start moving their cash elsewhere and ON-RRP volume will shrink again (and treasury balance for the Fed increases as a result). My prediction is that we'll enter a similar cycle before 2020 where rate increases become more abundant (we're seeing hints of this already with recent 5bps increase).
+
+Edit: Fuck. Ignore the orders of magnitude part. I overshot big-time 😅 10^6, 10^12, 10^18, far more than two orders of magnitude. It however may be referring to different events 🤔Let me know your thoughts in the comments!
+
+Edit:
+
+Thanks for taking the time to read, judging by the top comments while I was asleep, it looks like i succeeded in creating some awesome discussion and further thoughts on this topic! I encourage you to take this further and write even better DDs that help promote our knowledge within the sub on the matter!
+
+Thanks for the great comments [u/Longjumping_College](https://www.reddit.com/u/Longjumping_College/), [u/Criand](https://www.reddit.com/u/Criand/), [u/lightwhite](https://www.reddit.com/u/lightwhite/) [u/Modswithnobods](https://www.reddit.com/u/Modswithnobods/)!

DD/2021-06-30-The-Long-Con.md

@@ -0,0 +1,9 @@
+# The Long Con 
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  Saved by [u/bossmighty](https://www.reddit.com/user/bossmighty/) | [PDF Host](https://pdfhost.io/v/O.YHbvSRP_TLC_THE_LONG_CON_The_markets_are_frothing_with_liquiditypdf.pdf) | 
+
+---
+
+[The-Long-Con.pdf](https://github.com/verymeticulous/wikAPEdia/files/6744919/The-Long-Con.pdf)

DD/2021-06-30-Through-the-Looking-Glass.md

@@ -0,0 +1,10 @@
+# Through the Looking Glass
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+| Saved by [u/bossmighty](https://www.reddit.com/user/bossmighty/) | [PDF Host](https://pdfhost.io/v/KhuW5HZ~N_THROUGH_THE_LOOKING_GLASS.pdf) | 
+
+---
+
+[Through-the-Looking-Glass.pdf](https://github.com/verymeticulous/wikAPEdia/files/6744911/Through-the-Looking-Glass.pdf)
+

DD/2021-07-02-More-Evidence-Pointing-to-the-use-of-Deep-ITM-Calls-and-Deep-OTM-Puts-to-Hide-Short-Interest.md

@@ -0,0 +1,12 @@
+Well, there it is. More math/evidence pointing to the use of Deep ITM CALLs and Deep OTM PUTs to hide SI in synthetics rather than covering their shorts. This was done through buy-write trades to dodge Reg Sho Close-Out obligations.
+========================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oc4f79/well_there_it_is_more_mathevidence_pointing_to/) | 
+
+---
+
+[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 - Well, there it is. More math/evidence pointing to the use of Deep ITM CALLs and Deep OTM PUTs to hide SI in synthetics rather than covering their shorts. This was done through buy-write trades to dodge Reg Sho Close-Out obligations.](https://i.redd.it/z7k7jiowsq871.png)](https://i.redd.it/z7k7jiowsq871.png)

DD/Gamma-Signals-by-yelyah2/2021-06-08-Delta-Neutral-Update.md

@@ -0,0 +1,72 @@
+6/8 Delta Neutral Update - Flash Crash Preparedness Plan
+========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nvl0sy/68_delta_neutral_update_flash_crash_preparedness/) | 
+
+---
+
+[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: If there is a flash crash tomorrow, don't panic. Expect for it to bounce off the $160 price point.
+
+Edit: Added the Maximum Gamma point to the graph below.
+
+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.
+
+This post is mostly an update to the delta neutral (underlying price where the total market delta is zero). My general theory is that as the underlying approaches the delta neutral, the call options have a flash sale. As people buy up the call options, MM have to buy the stocks, which shoots the price back up.
+
+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 gamma maximum (red)
+
+[![r/Superstonk - 6/8 Delta Neutral Update - Flash Crash Preparedness Plan](https://preview.redd.it/fefq4x4a16471.png?width=911&format=png&auto=webp&s=9834b4d8bb54e803a45be68746d35629ce15504d)](https://preview.redd.it/fefq4x4a16471.png?width=911&format=png&auto=webp&s=9834b4d8bb54e803a45be68746d35629ce15504d)
+
+GME 1/4/2021 - 6/8/2021
+
+[![r/Superstonk - 6/8 Delta Neutral Update - Flash Crash Preparedness Plan](https://preview.redd.it/8o5n1n5z16471.png?width=911&format=png&auto=webp&s=a6d4979f5cbd45d5a74b88a9c68ab0ac0896003d)](https://preview.redd.it/8o5n1n5z16471.png?width=911&format=png&auto=webp&s=a6d4979f5cbd45d5a74b88a9c68ab0ac0896003d)
+
+GME 1/4/2021 - 6/8/2021 - Log Based 10 Scale
+
+Few notes:
+
+-   She's moving on up!!
+
+-   Delta Discussion:
+
+    -   The delta neutral today is $157.04, and I'm projecting it will be $159.70 tomorrow. That means if there's a flash crash tomorrow, don't panic, it will probably bounce off that point like it has in the past.
+
+    -   If you're new to my posts, I started posting when the price was dropping on 5/10. I wanted to reassure everyone that the price would probably bounce off the $143 mark, then warned everyone that it may bounce off the $135 mark the next day. She's been going up ever since! Links to old posts if you're interested:
+
+        -   [5/10 Update](https://www.reddit.com/r/Superstonk/comments/n9cutk/gme_bouncing_off_delta_neutral_price_today/)
+
+        -   [5/11 Update](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/?utm_source=share&utm_medium=web2x&context=3)
+
+    -   If the price drops below the delta neutral price, then pressure starts to build-up. If the delta neutral doesn't drop with the price, then the underlying price usually bounces back over the delta neutral, like what you can see in February.
+
+        -   Note this is mostly how I trade on my model. I watch for equities that drop below the delta neutral. The other one I trade on is gamma spikes...
+
+-   Gamma Discussion:
+
+    -   Added the maximum gamma price point to the graph, which is currently sitting at $301.
+
+        -   See my last update for a discussion on this new indicator: [Maximum Gamma Indicator](https://www.reddit.com/r/Superstonk/comments/ntw1h1/662021_gamma_update_review_of_gamma_maximums/)
+
+    -   It seems like these significant spikes run along side the gamma maximums price points (see the January/March squeezes), and we're currently in one of these runs alongside the underlying price with the maximum gamma.
+
+    -   No gamma spikes today for GME, but that's ok, I can feel they are coming!
+
+I hope we all have an easy day tomorrow with no crazy turbulence/crashes. See you out there tomorrow!
+
+*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).
+
+-   Gamma Maximum: Underlying price that results in the highest level of total market gamma. This is a new indicator, suggested by another redditor, pennyether. This price point seems to act as a ceiling, but then an accelerant if the price can break through this barrier.
+
+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-yelyah2/2021-06-10-Delta-Neutral-Update.md

@@ -0,0 +1,60 @@
+Delta Neutral Update - $176 Floor Today
+=======================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nwrzba/delta_neutral_update_176_floor_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: If you believe in my delta neutral theory, the current floor for this crash is $176.
+
+There are a lot of very valid theories out there on the floor to this crash, and here's mine that has worked pretty well in the past.
+
+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.
+
+This post is mostly an update to the delta neutral (underlying price where the total market delta is zero). My general theory is that as the underlying approaches the delta neutral a few things happen:
+
+-   There is a large influx of call option purchases, because:
+
+    -   The call prices get less expensive as the underlying price approaches the delta neutral
+
+    -   Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways.
+
+-   With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory.
+
+-   Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released.
+
+    -   Note that this is how I trade my model. I look for equities that fall below the delta neutral.
+
+    -   If you're interested in prior posts that helped reassure during the dips, here you go:
+
+        -   [5/10 Post](https://www.reddit.com/r/Superstonk/comments/n9cutk/gme_bouncing_off_delta_neutral_price_today/)
+
+        -   [5/11 Post](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/)
+
+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 (light blue)
+
+[![r/Superstonk - Delta Neutral Update - $176 Floor Today](https://preview.redd.it/6kfa4wojtg471.png?width=910&format=png&auto=webp&s=c43b15b11696f544540f536b68020061204961ff)](https://preview.redd.it/6kfa4wojtg471.png?width=910&format=png&auto=webp&s=c43b15b11696f544540f536b68020061204961ff)
+
+GME 1/4/2021 - 6/10/2021
+
+The delta neutral through 6/9 was $173, and I am projecting a delta neutral today of $176.
+
+Don't panic. Just buy the dip.
+
+*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-yelyah2/2021-06-11-Delta-Neutral-Update.md

@@ -0,0 +1,56 @@
+Delta Neutral Update - IF the price still drops today...
+========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nxigxe/delta_neutral_update_if_the_price_still_drops/) | 
+
+---
+
+[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: The price can still drop today, and IF it does, my prediction is it COULD drop as low as the $175 delta neutral floor before rebounding. Note that this is not a prediction that it will drop. I'm just trying to give reassurance to anyone worried about a significant drop.
+
+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 (light blue) .
+
+[![r/Superstonk - Delta Neutral Update - IF the price still drops today...](https://preview.redd.it/abmgtqgpkn471.png?width=910&format=png&auto=webp&s=611cc53e7d49fb8bde10678b1193a26eb5be558d)](https://preview.redd.it/abmgtqgpkn471.png?width=910&format=png&auto=webp&s=611cc53e7d49fb8bde10678b1193a26eb5be558d)
+
+1/4/2021 - 6/10/2021
+
+The Delta Neutral was at $172 through EOD yesterday, and I'm projecting a Delta neutral of $175 today.
+
+Don't panic. Just buy the dip.
+
+Recap
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna 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.
+
+This post is mostly an update to the delta neutral (underlying price where the total market delta is zero). My general theory is that as the underlying approaches the delta neutral a few things happen:
+
+-   There is a large influx of call option purchases, because:
+
+    -   The call prices get less expensive as the underlying price approaches the delta neutral
+
+    -   Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways.
+
+-   With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory.
+
+-   Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released.
+
+    -   Note that this is how I trade my model. I look for equities that fall below the delta neutral.
+
+    -   If you're interested in prior posts that helped reassure during the dips, here you go:
+
+        -   [5/10 Post](https://www.reddit.com/r/Superstonk/comments/n9cutk/gme_bouncing_off_delta_neutral_price_today/)
+
+        -   [5/11 Post](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/)
+
+*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-yelyah2/2021-06-14-Delta-Gamma-Update.md

@@ -0,0 +1,66 @@
+Delta/Gamma Update & The Role of a Critic
+=========================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nzyji4/deltagamma_update_the_role_of_a_critic/) | 
+
+---
+
+[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)
+
+*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 (light blue) .
+
+[![r/Superstonk - Delta/Gamma Update & The Role of a Critic](https://preview.redd.it/97mi0v0sxa571.png?width=910&format=png&auto=webp&s=c3ca835309cae2a0f9c3a22534de8d98f3f94cec)](https://preview.redd.it/97mi0v0sxa571.png?width=910&format=png&auto=webp&s=c3ca835309cae2a0f9c3a22534de8d98f3f94cec)
+
+GME 1/4/2021 - 6/14/2021 - Log Base 10 Scale
+
+I'm really excited to share that I bought a massive options database, with all optionable stocks going back to 2007! I'm in the process of transitioning my code over to this new vendor, making some enhancements to the model I've been wanting to do, and running the algo. I'm Excited to see how my indicators work on prior short squeezes (like the VW squeeze). I look forward to sharing my research!
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna 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.
+
+There isn't a lot to note today for these specific indicators, but wanted to give you an updated. Instead, I just have something to say to support my amazing, fellow DD/TA friends that are putting out incredible new ideas.
+
+*Quick Chat*
+
+I think like we may need to have a little chat. I say it at the bottom of each post, but these indicators just help give help identifying if the probability of a certain event occurring has increased. None of my fellow DD/TA'ers are giving you prophecies. There are too many variables to incorporate, and the human element, which makes it impossible to tell you any price movement is 100% certain.
+
+Similarly, sports analysts put a lot of work incorporating all kinds of factors into the chance a certain team winning a game, and incorporate all kinds of factors (weather, injuries, home field advantage, etc.). However, any team can win on Any Given Sunday.
+
+For example, every analyst predicted the 7-9 Seahawks would lose to the 11-5 Saints in the 2010 NFC Wild Card Game, but none of them realized the secret was that Marshawn Lynch ate his special skittles, and resulted in Beast Quake (best running touch down ever).
+
+[![r/Superstonk - Delta/Gamma Update & The Role of a Critic](https://preview.redd.it/akg7mts0za571.png?width=1000&format=png&auto=webp&s=c3ea9c4b163e260867e450596d9b99786124aa78)](https://preview.redd.it/akg7mts0za571.png?width=1000&format=png&auto=webp&s=c3ea9c4b163e260867e450596d9b99786124aa78)
+
+2010 Beast Quake
+
+Now I could start predicting with some certainty that when Marshawn Lynch ate his special skittles, the Seahawks would win. That would work with some certainty, and my success rate in using that indicator was higher than with other factors (or maybe in addition to those other factors).
+
+Now say that I knew Marshawn Lynch had extra special Skittles before Super Bowl XLIX, so I knew the chances were much higher that the Seahawks would win, and Marshawn Lynch was ready to run in the game winning touchdown.
+
+HOWEVER, no one could have expected that fricking PETE CARROL WOULD DECIDE TO PASS IT INSTEAD OF GIVING IT TO SKITTLE-MUCHING-MARSHAWN AT THE ENDZONE FOR THE GAME-WINNING PLAY.
+
+[![r/Superstonk - Delta/Gamma Update & The Role of a Critic](https://preview.redd.it/ueou8kpa0b571.png?width=1024&format=png&auto=webp&s=c3036caf38c54c56a7c45690aade6a312773e624)](https://preview.redd.it/ueou8kpa0b571.png?width=1024&format=png&auto=webp&s=c3036caf38c54c56a7c45690aade6a312773e624)
+
+Super Bowl XLIX - Heartbreak
+
+So does that mean I was wrong about using special Skittles as a helpful indicator for a Seahawks win? No! Because the human-element (i.e. stupid Seahawks coaches) adds unpredictability. I won't ditch that indicator, but will work to refine that indicator or use it in conjunction with others.
+
+We're all working to improve and become more accurate, so be kind if you think a DD/TA wasn't perfect for the day. Ape no fight Ape. I support every one of my incredibly smart, new, GME friends that are putting out new ideas.
+
+So I will just leave you with some Ratatouille to think on as you read through posts this evening:
+
+[![r/Superstonk - Delta/Gamma Update & The Role of a Critic](https://preview.redd.it/cwb4c7fb1b571.png?width=530&format=png&auto=webp&s=d028013629530a4e1ed0f585bb56677e600cfae1)](https://preview.redd.it/cwb4c7fb1b571.png?width=530&format=png&auto=webp&s=d028013629530a4e1ed0f585bb56677e600cfae1)
+
+Ratatouille - The Role of a Critic
+
+*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-yelyah2/2021-06-28-Delta-Neutral-Update.md

@@ -0,0 +1,200 @@
+Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.
+=============================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9qb4n/delta_neutral_update_any_meaningful_underlying/) | 
+
+---
+
+[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: any meaningful increase today (>2%) will significantly increase the chances of a squeeze in our near future.
+
+Edit1: We obviously finished at ~1.8% today instead of 2%. Green is green and any increase is good (like always). Think of it like we were playing in a special bonus round today that would've quadruple our daily GME points, and we probably didn't get those bonus point. Still a good day! I'm excited to process my options data dump when I get it in an hour or so, and will be sure to share the results.
+
+Edit2: AH price movements still definitely help! My options data dumps are near end of day (~15 min before close), so I won't see the impact of AH movement when I process tonight, but it's all still good!
+
+Edit3: Just to be clear, I was not predicting a >2% increase today. My sensitivity testing goes from 2% to 10%, so I was saying that my sensitivity tests show even a 2% increase will get some awesome bonus delta today (more than usual). Since we were at ~1.8% today, that doesn't mean we get nothing. I'm sure we will still get bonus delta, but my sensitivity tests just didn't go below 2%, so I couldn't tell you what was it was. We're good though! It was a good day!
+
+I apologize for my absence. I've been on vacation for the first time since 2019! California was beautiful. Definitely making me think about a move :)
+
+Since it's been a couple of weeks, I'll do a full refresher below.
+
+*Background*
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna 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.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/ck93r8xvg1871.png?width=168&format=png&auto=webp&s=ab98f88b94e4fa0198174029e71061abe2891686)](https://preview.redd.it/ck93r8xvg1871.png?width=168&format=png&auto=webp&s=ab98f88b94e4fa0198174029e71061abe2891686)
+
+Hedgie doing its Hedgin'
+
+There is a new methodology/assumptions section at the bottom that gives my method in full detail. This section gives a high-level of the key pieces of the analysis described in this post.
+
+Delta
+
+The Delta of an option represents the expected change to an option's price based on a $1 change in the security's underlying price. For example, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2, then that call option price will increase by $0.2 if the GME underlying price moves up to $100,000,001. Note that the price is also affected by gamma so will actually be higher than the $0.2 price increase estimated by delta, which will be covered later.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/ugpgf1wjg1871.png?width=987&format=png&auto=webp&s=8ecf759c7f1119d70b9f5765674590f866168fb5)](https://preview.redd.it/ugpgf1wjg1871.png?width=987&format=png&auto=webp&s=8ecf759c7f1119d70b9f5765674590f866168fb5)
+
+Call versus Put Delta by Strike Price for an Underlying @ $100
+
+Delta hedging is a trading strategy employed by market makers (MM's) to minimalize the directional risk associated with price movements in the underlying security. Traditionally, you can think of a MM buying 20 (0.2 x 100) stocks of the underlying security if the price increases by $1 (using the example above). However, it's important to note that hedge funds often use other derivatives to hedge, not just buying/selling stocks because it requires less capital to do so. However, these indicators can be used as a directional proxy for some of the MM behavior as the underlying price increases/decreases.
+
+The total market delta share equivalent represents the sum of delta x OI across all strikes/expiration prices in a given trading day. I will say it one more time, hedge funds are not actually holding this number of shares on a given day to hedge. They often hedge with other market derivatives. However, it can give us an indicator for hedge funds buying/selling underlying equity relativities.
+
+Delta Neutral
+
+The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator.
+
+Notes below for general options on how the delta neutral interacts with the underlying price:
+
+-   There is a large influx of call option purchases, because:
+
+    -   The call prices get less expensive as the underlying price approaches the delta neutral
+
+    -   Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways.
+
+-   With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory.
+
+    -   Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds.
+
+-   Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released.
+
+    -   Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral.
+
+Gamma
+
+The Gamma of an option represents the rate of change of the Delta of an option with respect to a $1 underlying price movement. From our example above, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2 and a gamma of 0.05, then that call option price would actually increase by $0.25 (0.2 + 0.05) if the GME underlying price moves up to $100,000,001.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/14jxduhrk1871.png?width=670&format=png&auto=webp&s=b3d64c2e70ae8961359d1b1c5f708ea70f1ed9c8)](https://preview.redd.it/14jxduhrk1871.png?width=670&format=png&auto=webp&s=b3d64c2e70ae8961359d1b1c5f708ea70f1ed9c8)
+
+MM also hedge against gamma risk, but the impact of buying/selling securities to hedge is often much lower than the impact of delta hedging (also remember that they use derivatives to hedge too). However, you are probably familiar with gamma because of the "gamma squeeze" that happened back in January. A gamma squeeze happens when the underlying stock price begins to go up very quickly in a short period of time. This forces more buying activity from rapidly increasing deltas/hedging, which continues to inflate the price.
+
+Gamma Neutral
+
+The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator.
+
+General notes below for observations on how this indicator behaves:
+
+-   It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April).
+
+-   It also goes crazy in periods of high volatility, as you can see by the very higher spikes.
+
+-   A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month.
+
+-   They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it.
+
+-   Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start.
+
+-   If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet).
+
+*Delta/Gamma Neutral Graph*
+
+Here's the graph you're used to seeing, and it includes the Close Price (green), delta neutral (blue), and gamma neutral (orange), on a log-based 10 scale so you can see those spikes in all their glory.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/3w8in2bxn1871.png?width=910&format=png&auto=webp&s=8ee0e0f575df7fcc96a93eef105b6107024dc69a)](https://preview.redd.it/3w8in2bxn1871.png?width=910&format=png&auto=webp&s=8ee0e0f575df7fcc96a93eef105b6107024dc69a)
+
+GME 1/4/2021 - 6/25/2021
+
+A few things that happened the last two weeks:
+
+-   The delta neutral floor continues to rise (yay!) It's currently at $176.
+
+-   GME likes to hang out between 10% and 30% higher than the delta neutral price if nothing unusual happens, which gives a range of $194 - $230 for the underlying.
+
+-   GME's high is 214% higher than the DN back on 1/27, so certainly able to break higher, but it is hard to break through that resistance.
+
+-   No significant action with gamma since 6/8
+
+*Total Market Delta*
+
+The graph below summaries the total market delta share equivalents (dark blue) versus the underlying close price (green). See the "Delta" section above for information on what the total market delta share equivalent amounts represent.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/valw8po1s1871.png?width=909&format=png&auto=webp&s=5241a6231a0d442eb3cfa268e37ea5957827fbf5)](https://preview.redd.it/valw8po1s1871.png?width=909&format=png&auto=webp&s=5241a6231a0d442eb3cfa268e37ea5957827fbf5)
+
+GME Total Market Delta Share Equivalent versus Underlying Close
+
+You will notice above that the total market delta increased significantly BEFORE the January and February/March squeezes. This helped to contribute to the buying pressure to push GME upwards.
+
+The graph below provides a sensitivity test for the total market delta share equivalent (blue) based on +5% (light red) and -5% (dark red) shifts to the underlying price.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/g01npebyr1871.png?width=909&format=png&auto=webp&s=3720955ff7a40a4e03937176115c34e9f736301c)](https://preview.redd.it/g01npebyr1871.png?width=909&format=png&auto=webp&s=3720955ff7a40a4e03937176115c34e9f736301c)
+
++/- 5% Underlying Price Sensitivity Test
+
+Now you can see that the impact to the total market delta increases significantly BEFORE large changes to the total market delta share equivalent, which happens BEFORE large changes to the underlying price.
+
+Note that there are also potential for large DECREASES if there is also a potential for large INCREASES. The total market delta sensitivity tests have also been indicating a potential for a large decrease as the market has been dropping the last few weeks.
+
+For example, back in January:
+
+-   The sensitivity test on 1/8/2021 showed a 5% increase to the underlying on 1/8/2021 ( a Friday) would've increased the total market delta by 91%.
+
+-   On 1/11/2021 (Monday), the price increased by 13%, and the total market delta increased by 305%.
+
+-   The underlying price then increased by 200% between 1/11/2021 to 1/14/2021.
+
+Now! My sensitivity tests as of 6/25/2021 close showed that a 5% increase today would lead to a 60% increase in the total market delta equivalent! As of writing this, we have already been up > 5% at a high for the day, and currently at a 3% gain. I expect this will lead to a significant increase in the total market delta shares, which will put us well on our way towards another squeezy squeezy lemon peezy.
+
+[![r/Superstonk - Delta Neutral Update: Any meaningful underlying price increase today will significantly increase our chances at a squeeze in the near future.](https://preview.redd.it/leipjjemu1871.png?width=1280&format=png&auto=webp&s=eceb696974c5897f08ffe7b3c51e9d5d936931c3)](https://preview.redd.it/leipjjemu1871.png?width=1280&format=png&auto=webp&s=eceb696974c5897f08ffe7b3c51e9d5d936931c3)
+
+*Methodology and Assumptions*
+
+I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use:
+
+-   I rely on daily options summaries produced by <https://www.orats.com/>
+
+-   Their options summaries use "near end of day" snapshots (i.e. 15 minutes before close), because they say its more reliable for producing Greeks. They say the last 15 minutes is not a reliable source for options prices to represent the rest of the market day. Therefore, you may notice
+
+-   I still rely on [www.historicaloptiondata.com](https://www.historicaloptiondata.com/) for my stock information, but working on converting to orats.
+
+    -   Note that the Underlying Price in the graphs above is the Close price, not the near end of day price.
+
+-   For the Implied Volatility (IV), I use the following method:
+
+    -   Orats produces a smoothed IV that I like, which I use in conjunction with the mid-price call/put IV's to produce a final IV.
+
+        -   The orats smoothed IV cleans the quotes, and solves for a residual yield based on the put-call parity formula. This lines up the call and put implied volatilities, to account for estimating hard-to-borrow stocks, or stocks with differing dividend assumptions.
+
+        -   Next, the IV curve is smoothed through the strike IV's using cubic splines. This is helpful for producing reasonable IV's in low volume stocks or strike prices.
+
+    -   The smoothed IV methodology above produces the same set of IV for both calls and puts. Theoretically, the IV should be the same for both calls/put, because it should represent the estimated volatility of the underlying price for both calls and puts, which wouldn't differ.
+
+    -   However practically, the IV never actually just represents the estimated volatility of the underlying. The IV used in the Black-Scholes (B-S) price calculation is usually always higher than the historical volatility, because options sellers attach an IV premium to the raw IV that helps make them money.
+
+    -   Because calls can produce infinite losses to options sellers, the IV premium tends to be higher for calls than for puts. I use the following methodology to adjust the orats call/put smoothed IV:
+
+        -   I pull the orats options database for each ticker, trade date and expiration date.
+
+        -   Calculate the relativities of the raw mid-price call / smoothed IV, and the raw mid-price put / smoothed IV for each strike price.
+
+        -   Fill in any missing relativities with the nearest relativity, within its own ticker/trade date/expiration date. This mostly just applies to far OTM strikes.
+
+        -   Smooth the relativities using rloess, which is a local regression using weighted linear least squares and a 2nd degree polynomial model. This method assigns zero weight to data outside six mean absolute deviations.
+
+        -   Apply the smoothed call/put mid-price relativities to the smoothed orats IV estimates to get the final call/put IV estimates.
+
+-   Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel/#gamma-in-excel)
+
+-   For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price.
+
+    -   Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta.
+
+    -   However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma.
+
+-   To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma.
+
+-   For the sensitivity tests, I adjust the underlying price in the snapshot by +/-5%, and run the algorithms as described above, to estimate what the total market delta/gamma would be at the different underlying price.
+
+-   Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of.
+
+-   Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret.
+
+    -   Note that I'm currently working on my own algorithm to estimate same-day OI, but I'm not done yet.
+
+    -   However, it should be noted that using the prior day OI is a limitation of the data available to me.
+
+*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.*
+
+*I'll do my best to respond to all comments, including the negative ones. I'm happy to have a productive chat about any of my logic. I've gotten a lot of good ideas from posting on this forum, so thank you! However, if I can defend myself in a dark parking lot with nothing but my high heels, I can certainly defend myself against online trolls. So be nice.*

Daily-News/Reverse-Repo-Operations/2021-06-28-Reverse-Repo-Update.md

@@ -0,0 +1,12 @@
+🔴Daily Reverse Repo Update 06/28: $803.019B🔴
+==============================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/pctracer](https://www.reddit.com/user/pctracer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9otrg/daily_reverse_repo_update_0628_803019b/) | 
+
+---
+
+[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 - 🔴Daily Reverse Repo Update 06/28: $803.019B🔴](https://i.redd.it/aeezgvn4i1871.png)](https://i.redd.it/aeezgvn4i1871.png)

Daily-News/Reverse-Repo-Operations/2021-06-29-Reverse-Repo-Update-New-Record.md

@@ -0,0 +1,12 @@
+🔴Daily Reverse Repo Update 06/29: $841.246B - New record🔴
+===========================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/pctracer](https://www.reddit.com/user/pctracer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oacrb3/daily_reverse_repo_update_0629_841246b_new_record/) | 
+
+---
+
+[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 - 🔴Daily Reverse Repo Update 06/29: $841.246B - New record🔴](https://i.redd.it/zywnr0n4n8871.png)](https://i.redd.it/zywnr0n4n8871.png)

Daily-News/Reverse-Repo-Operations/2021-06-30-Reverse-Repo-Update-New-Record.md

@@ -0,0 +1,12 @@
+🔴Daily Reverse Repo Update 06/30: $991.939B - New record🔴
+===========================================================
+
+[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)
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/pctracer](https://www.reddit.com/user/pctracer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ob1v0o/daily_reverse_repo_update_0630_991939b_new_record/) | 
+
+---
+
+[![r/Superstonk - 🔴Daily Reverse Repo Update 06/30: $991.939B - New record🔴](https://preview.redd.it/p1a8s7ozrf871.png?width=960&crop=smart&auto=webp&s=218f0f483f0b22bdd7a43bd7fbe14603b3dce282)](https://i.redd.it/p1a8s7ozrf871.png)

Data/2021-06-29-15-Million-Deep-ITM-Puts-Purchased-June-28th.md

@@ -0,0 +1,12 @@
+$15 Million in Deep ITM Puts Purchased Yesterday (6/28)
+=======================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Lambreau21](https://www.reddit.com/user/Lambreau21/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/oa9qyl/15_million_in_deep_itm_puts_purchased_yesterday/) | 
+
+---
+
+[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
+
+[![r/DDintoGME - $15 Million in Deep ITM Puts Purchased Yesterday (6/28)](https://preview.redd.it/ib59wr07w7871.png?width=960&crop=smart&auto=webp&s=01998ab4e7d70c97ba5e120291318c08c68c71dd)](https://i.redd.it/ib59wr07w7871.png)

Data/2021-06-29-GME-Lowest-Volume-since-August-2020.md

@@ -0,0 +1,12 @@
+$GME Lowest Volume Since AUGUST 2020 | Volume today = 2,436,647 million | June 29, 2021
+=======================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/ajquick](https://www.reddit.com/user/ajquick/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oag7e9/gme_lowest_volume_since_august_2020_volume_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)
+
+[![r/Superstonk - $GME Lowest Volume Since AUGUST 2020 | Volume today = 2,436,647 million | June 29, 2021](https://preview.redd.it/owusekwfg9871.png?width=960&crop=smart&auto=webp&s=8d6b69338682fc47161ac84246c61d6f856717c6)](https://i.redd.it/owusekwfg9871.png)

Data/2021-06-30-GME-Lowest-Volume-Again.md

@@ -0,0 +1,12 @@
+$GME Lowest Volume Since AUGUST 2020 (again) | June 30, 2021 | Volume = 2.4M
+============================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/ajquick](https://www.reddit.com/user/ajquick/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ob5cnj/gme_lowest_volume_since_august_2020_again_june_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 - $GME Lowest Volume Since AUGUST 2020 (again) | June 30, 2021 | Volume = 2.4M](https://preview.redd.it/afxtdmsulg871.png?width=960&crop=smart&auto=webp&s=1dd209920ebf0f3e6ff673af285af16cb63846d4)](https://i.redd.it/afxtdmsulg871.png)

Data/2021-07-01-FTD-Data-for-GME-and-ETFs-Released.md

@@ -0,0 +1,12 @@
+FTD Data for GME + ETFs just released. LOTS TO UNPACK here. Going to share information with u/dentisttft and u/criand for analysis. Hit me up if you want the data too.
+=======================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/bobsmith808](https://www.reddit.com/user/bobsmith808/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obd2zp/ftd_data_for_gme_etfs_just_released_lots_to/) | 
+
+---
+
+[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 - FTD Data for GME + ETFs just released. LOTS TO UNPACK here. Going to share information with u/dentisttft and u/criand for analysis. Hit me up if you want the data too.](https://i.redd.it/5p25zljiri871.png)](https://i.redd.it/5p25zljiri871.png)

Data/2021-07-01-June-Failure-to-Deliver-Data.md

@@ -0,0 +1,46 @@
+June Failure To Deliver Graphs/Data now parsed and available to view.
+=====================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/davegtturbo](https://www.reddit.com/user/davegtturbo/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/objvcd/june_failure_to_deliver_graphsdata_now_parsed_and/) | 
+
+---
+
+[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)
+
+Edit2: the SEC has only published data covering up to June 14th. 15th -> 30th June will be published by the SEC mid July.
+
+--------------------------------------------------------
+
+Link to the site/app with the full dataset:
+
+-   [https://CnsFails.info](https://cnsfails.info/)
+
+--------------------------------------------------------
+
+Preview:
+
+[![r/Superstonk - June Failure To Deliver Graphs/Data now parsed and available to view.](https://preview.redd.it/3tsusmrgbl871.png?width=1597&format=png&auto=webp&s=bc918093e1dda2410015c0c408efb0479f52a52f)](https://preview.redd.it/3tsusmrgbl871.png?width=1597&format=png&auto=webp&s=bc918093e1dda2410015c0c408efb0479f52a52f)
+
+Feb -> Mid June FTDs
+
+[![r/Superstonk - June Failure To Deliver Graphs/Data now parsed and available to view.](https://preview.redd.it/su3trfsftl871.png?width=1598&format=png&auto=webp&s=443ec39427de11e2d8ffa456402cd56639fe0a6d)](https://preview.redd.it/su3trfsftl871.png?width=1598&format=png&auto=webp&s=443ec39427de11e2d8ffa456402cd56639fe0a6d)
+
+Dec -> Mid June FTDs and Short Volume
+
+I posted a few days ago about an app I've been working on, OP with a lot of details here:
+
+<https://www.reddit.com/r/Superstonk/comments/o9ouq9/built_a_web_app_with_lots_of_graphs_using_a_large/>
+
+I've just parsed through and added the new June FTD data from the SEC, if anyone's interested, take a peek!
+
+Data goes back to 2009, and covers a variety of things - short volume, total volume, Dark pool volume and more.
+
+Hope it's useful!
+
+Suggestions, feedback and so on is welcomed.
+
+Edit: Source code available here -> <https://github.com/davegtt/cnsfails>
+
+Edit3: Raw data from the SEC available here -> <https://www.sec.gov/data/foiadocsfailsdatahtm>

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-14-Dark-Pool-Data-Report.md

@@ -0,0 +1,12 @@
+PyGuy here with another GME Dark Pool Holdings Update. GME slipped to the #10 spot in top 10 dark pool holdings. Total shares held off exchange fell today to 7.97M, down from yesterday's total of 8.29M. Will they get booted off the top ten? Come back tomorrow for another update!
+=======================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o1lbvz/pyguy_here_with_another_gme_dark_pool_holdings/) | 
+
+---
+
+[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 - PyGuy here with another GME Dark Pool Holdings Update. GME slipped to the #10 spot in top 10 dark pool holdings. Total shares held off exchange fell today to 7.97M, down from yesterday's total of 8.29M. Will they get booted off the top ten? Come back tomorrow for another update!](https://preview.redd.it/n9g5dbi2eq571.jpg?width=640&crop=smart&auto=webp&s=634603f7dbcc54ef01309018f9c305922d173301)](https://i.redd.it/n9g5dbi2eq571.jpg)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-15-Dark-Pool-Data-Report.md

@@ -0,0 +1,15 @@
+Dark Pool holdings continue going down today, the total is 8.28M shares held in dark pools, down from 8.79M yesterday. Looks like we found our dry powder volume for today. Almost 500K counterfeit shares entered the public markets today
+===========================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0q1uk/dark_pool_holdings_continue_going_down_today_the/) | 
+
+---
+
+[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)
+
+![Today’s data](https://user-images.githubusercontent.com/82035192/124121948-812ff580-da43-11eb-8981-5a5c8481f59a.png)
+
+![Data from Friday and Monday](https://user-images.githubusercontent.com/82035192/124121962-83924f80-da43-11eb-8919-6177ab30c27e.png)
+

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-17-Dark-Pool-Data-Report.md

@@ -0,0 +1,18 @@
+Dark Pool Guy here for another update: As expected, GME plummeted like a led rock out of the top 10 DP Holdings, dropping all the way down to #12 with 7.46M shares, shedding another 500K worth of counterfeit shares in to the option chain. Stay tuned for the all-new Witching Day Episode tomorrow!
+========================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o29qpc/dark_pool_guy_here_for_another_update_as_expected/) | 
+
+---
+
+[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)
+
+![June 17 data.](https://user-images.githubusercontent.com/82035192/124120833-3661ae00-da42-11eb-90a5-15eb6337913c.png)
+
+![June 16 data](https://user-images.githubusercontent.com/82035192/124120841-395c9e80-da42-11eb-96e0-eac2190e5b81.png)
+
+![Top 25 tickers for dark pool volume](https://user-images.githubusercontent.com/82035192/124120861-3cf02580-da42-11eb-9c97-712eff8b307c.png)
+
+![AMC continues deep in to liability territory bringing the total share obligations to (426,897,311)](https://user-images.githubusercontent.com/82035192/124120871-3f527f80-da42-11eb-8efc-3bc6c1716374.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-18-Dark-Pool-Data-Report.md

@@ -0,0 +1,18 @@
+Dark Pool Guy Here With A Special Quad-Witching Day DP Holdings Report. Ending the week, GME clawed it's way back in to positive share flow going in to the DP, upping the holdings to 7.54M from yesterday's finish at 7.46M shares. OTM options expiring today bringing those babies back home to Kenny!
+==========================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o327i0/dark_pool_guy_here_with_a_special_quadwitching/) | 
+
+---
+
+[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)
+
+![Top 25 Dark Pool Holdings for June 18, shown on the GameStonkTerminal.](https://user-images.githubusercontent.com/82035192/124121757-462dc200-da43-11eb-9a35-ed647b16b747.png)
+
+![Top 25 Dark Pool Holdings for June 17, shown on the GameStonkTerminal.](https://user-images.githubusercontent.com/82035192/124121761-4928b280-da43-11eb-9d37-3962fba2ee81.png)
+
+![Here’s the appearance of 1.755M shares worth of naked put options for July 16](https://user-images.githubusercontent.com/82035192/124121769-4b8b0c80-da43-11eb-96e2-1842694c53ab.png)
+
+![Here we can see the Dark Pool Position for Jan 26, 2021. This was peak liability in Dark Pool](https://user-images.githubusercontent.com/82035192/124121779-4e85fd00-da43-11eb-812f-2c47717bbc60.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-21-Dark-Pool-Data-Report.md

@@ -0,0 +1,14 @@
+Dark Pool Guy here with your Monday Madness Update! GME held it's ground today, despite 180K shares pouring back in to the DP, grasping to its #12 ranking as the Largest DP Holding to start out the week! Be on the lookout for Unusual Options Activity this week as fake covering starts to reverse!🎱🦍🧨🚀
+================================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o59fyu/dark_pool_guy_here_with_your_monday_madness/) | 
+
+---
+
+[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)
+
+![Top 15 DP Holdings - GME steady at #12 with 180K net flow of shares going in to Dark Pools today.](https://user-images.githubusercontent.com/82035192/124120222-8429e680-da41-11eb-8595-d7aecd23ce35.png)
+
+![DP Short Volume for the last five trading days. 2.05M volume today in the DP, 58.22% short ratio](https://user-images.githubusercontent.com/82035192/124120233-88560400-da41-11eb-97d4-96a539c425cb.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-22-Dark-Pool-Data-Report.md

@@ -0,0 +1,18 @@
+Dark Pool Guy here reflecting that bright summer light back on shady Dark Pool activities for June 22! Climbing back to #11 today, 184K shares scurried away in to the darkness from the 190K of lit market volume occurring in the last 2 minutes of action! Total holdings up from 7.7M, to 7.84M today! 🎱
+=============================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o61fj4/dark_pool_guy_here_reflecting_that_bright_summer/) | 
+
+---
+
+[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)
+
+![Soaring to #11 in the Total Top Dark Pool Holdings Leaderboard with $1.91B](https://user-images.githubusercontent.com/82035192/124121336-c6075c80-da42-11eb-97da-ef39138ab3c2.png)
+
+![Price vs. DP Short Volume from June 15 to today. Since June 15 (net short vol. 17,349)](https://user-images.githubusercontent.com/82035192/124121346-c9024d00-da42-11eb-86b0-ef68e4cd9404.png)
+
+![5 day breakdown for total dollar holdings of GME in Dark Pool accounts.](https://user-images.githubusercontent.com/82035192/124121360-cc95d400-da42-11eb-9026-807ea84c9e8f.png)
+
+![Last two minutes of trading saw 190,688 shares sold in a red direction on a 1-minute interval volume](https://user-images.githubusercontent.com/82035192/124121371-cef82e00-da42-11eb-84ee-c33e1c5ae1eb.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-23-Dark-Pool-Data-Report.md

@@ -0,0 +1,19 @@
+Dark Pool Guy here with your midweek, rule change update for Wednesday, June 23! Today 640K shares were freed from the dark pool and unleashed on to the NYSE as Puts and Short Sales to cover those FTDs baby! Kenny always covers, right?! Will the rules matter? Stay tuned, and stay lit!! 🎱🙈🧨🚀
+=======================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o6oxlp/dark_pool_guy_here_with_your_midweek_rule_change/) | 
+
+---
+
+[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)
+
+![Top 15 DP Holdings by Value for June 23.](https://user-images.githubusercontent.com/82035192/124119247-45476100-da40-11eb-8045-712449e597c9.png)
+
+![Bottom 10 Least Valuable Dark Pool Positions.](https://user-images.githubusercontent.com/82035192/124119288-53957d00-da40-11eb-9973-4080247e8ac6.png)
+
+![Short volume and DP Position Value over last ten days of trading](https://user-images.githubusercontent.com/82035192/124119348-6740e380-da40-11eb-959f-bbeef31dc481.png)
+
+![Average Directional Movement Index for June 23. ](https://user-images.githubusercontent.com/82035192/124119369-6dcf5b00-da40-11eb-9351-7d5357ff6d9a.png)
+

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-24-Dark-Pool-Data-Report.md

@@ -0,0 +1,25 @@
+Dark Pool Guy here with your Thursday T+21 Total Position Post for June 24! 840K shares spilled over the failing damn of the Dark Pools and will flow into the open arms of the options exchange in the form of more puts! GME grasping to keep the #13 position as the flood gates begin to burst open!🎱🙈🧨🚀
+================================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o7b6zs/dark_pool_guy_here_with_your_thursday_t21_total/) | 
+
+---
+
+[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)
+
+
+![Top 15 Dark Pool Holdings For Jun 24. 840K shares left Dark Pool Holdings Today](https://user-images.githubusercontent.com/82035192/124119639-c43c9980-da40-11eb-8aa8-a62a3000d3ec.png)
+
+![Top 15 DP Holdings for June 23. $211M in value left the Dark Pool Accounts and](https://user-images.githubusercontent.com/82035192/124119687-d0285b80-da40-11eb-9a7b-0748b791e058.png)
+
+![Dark Pool Daily Volume and Position over 5 days. In the chart, notice how when](https://user-images.githubusercontent.com/82035192/124119753-e504ef00-da40-11eb-9a7f-e9d2b603e48b.png)
+
+![GME long chart. Volume thins out before upswings.](https://user-images.githubusercontent.com/82035192/124119804-f77f2880-da40-11eb-9514-9188dd2095c9.png)
+
+![GME 1 Minute Volume Breakdown For June 24. Big Volume spike at 9:43 with 72,766 buys, next minute](https://user-images.githubusercontent.com/82035192/124119849-049c1780-da41-11eb-98b6-87d7452d69c0.png)
+
+![Market Watch Summary. On-exchange data. Nice 1 year return value the bottom left.](https://user-images.githubusercontent.com/82035192/124119887-1382ca00-da41-11eb-9dcb-4ed563263e0c.png)
+
+![About to post, Reddit down!!](https://user-images.githubusercontent.com/82035192/124119909-1b426e80-da41-11eb-8231-7146700258ca.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-25-Dark-Pool-Data-Report.md

@@ -0,0 +1,22 @@
+Dark Pool Guy here with your Russell Shuffle Update to the DP Holdings race! 300K shares spilled out of the washing machine to hang dry in public markets today! GME crashes hard to #14 in the top 15 DP holdings with $1.47B in holdings in 6.06M shares, down $100M today! Stay lit this weekend! 🎱🙈🧨🚀
+=============================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o82542/dark_pool_guy_here_with_your_russell_shuffle/) | 
+
+---
+
+[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)
+
+![Top 15 DP Holdings for June 25](https://user-images.githubusercontent.com/82035192/124121073-745ed200-da42-11eb-972e-33c0d68f095d.png)
+
+![Dark Pool Holdings for June 24](https://user-images.githubusercontent.com/82035192/124121084-77f25900-da42-11eb-8e90-0fb92b1d3e23.png)
+
+![DP short volume and position over 5 days](https://user-images.githubusercontent.com/82035192/124121098-7b85e000-da42-11eb-8926-08b6bdd03eac.png)
+
+![GME volume today for the one minute interval, 3:59 - 118,535](https://user-images.githubusercontent.com/82035192/124121112-7de83a00-da42-11eb-9011-64994c0f2414.png)
+
+![No 4:00 interval reported, but 4:01 reports volume of 3,676,762. Daily total of 12,588,169 reported](https://user-images.githubusercontent.com/82035192/124121124-80e32a80-da42-11eb-9e85-dec82b8b2a08.png)
+
+![Control stock to watch for Russell Shuffle was AAPL, things took an unexpected turn for the bizarre.](https://user-images.githubusercontent.com/82035192/124121132-83de1b00-da42-11eb-962d-9bbe64de112a.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-28-Dark-Pool-Data-Report.md

@@ -0,0 +1,18 @@
+Dark Pool Guy here with your Monday Report, kicking off the week that literally ends in fireworks, July 4!! Positions sweated another 590K worth of shares, with epic heat waves bringing them to the surface and light of day! GME plummets to #15 with value sinking to $1.34B, down $130M today! 🎱🙈🧨🚀
+============================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9xct5/dark_pool_guy_here_with_your_monday_report/) | 
+
+---
+
+[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)
+
+![Top 20 Dark Pool Positions for June 28. GME sinks to #15 with $1.34B in value](https://user-images.githubusercontent.com/82035192/124121584-0e267f00-da43-11eb-8e9d-2698fa04ce11.png)
+
+![Dark Pool Positions on June 25](https://user-images.githubusercontent.com/82035192/124121590-11216f80-da43-11eb-84e1-421ab421598c.png)
+
+![Dark Pool Volume and Position data over five days. Price vs. Short Interest graph](https://user-images.githubusercontent.com/82035192/124121601-1383c980-da43-11eb-9e6b-e4d22cd5d206.png)
+
+![Big volume spikes at 9:37 and 9:46 with 105,370 and 104,526 share volume respectively.](https://user-images.githubusercontent.com/82035192/124121606-167eba00-da43-11eb-8ad3-6d73f7e55560.png)

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-06-30-Dark-Pool-Data-Report.md

@@ -0,0 +1,17 @@
+Dark Pool Guy here sneaking in your late night report for Tuesday, June 29! GME tumbles to #16 in the Power Rankings for the Top 20 Largest DP Positions at $1.23B, with total share holdings of 420K getting lit up and smoked today, representing $110M in liquidity vanishing from the DP 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)
+
+![Top 20 DP Position for June 29. GME down 420K shares, worth $110M in equities](https://user-images.githubusercontent.com/82035192/124118619-88550480-da3f-11eb-9c44-1ed65d53dea6.png)
+
+![Top 20 DP Position for June 28](https://user-images.githubusercontent.com/82035192/124118751-acb0e100-da3f-11eb-8abb-2433311b531e.png)
+
+![30 consecutive trading days where DP short volume exceeded 50%.](https://user-images.githubusercontent.com/82035192/124118783-b8040c80-da3f-11eb-996b-24102ad2c2bc.png)
+
+![30 days of liquidity change of Dark Pool Holdings.](https://user-images.githubusercontent.com/82035192/124118858-cfdb9080-da3f-11eb-93a3-9d58f6976310.png)
+
+
+
+
+

Data/Dark-Pool-Data-by-Appropriate-Elk-3827/2021-07-01-Dark-Pool-Data-Report.md

@@ -0,0 +1,22 @@
+Dark Pool Guy here with your late night hump day EOM report for June 30! The stage is being set for a fast upswing day next week as GME plummets to #22 in The Top DP Positions Power Rankings!! Total positioned slid $210M and leaked 640K shares in to public markets today! Total shares down to 4.31M!!
+============================================================================================================================================================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Appropriate_Elk_3827](https://www.reddit.com/user/Appropriate_Elk_3827/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obevud/dark_pool_guy_here_with_your_late_night_hump_day/) | 
+
+---
+
+[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)
+
+![Expanded Top DP Holdings list as GME craters off the Top 20 List on June 30](https://user-images.githubusercontent.com/82035192/124120582-eda9f500-da41-11eb-8b52-b38d0ea745cb.png)
+
+![Top 20 DP Positions for June 29](https://user-images.githubusercontent.com/82035192/124120591-f00c4f00-da41-11eb-9f8d-fe20032c217f.png)
+
+![Historical DP data precluding the last major upswing. Just a minor dip in to negative](https://user-images.githubusercontent.com/82035192/124120602-f3073f80-da41-11eb-9db4-1421409302f4.png)
+
+![Price chart focused around DP positions going negative to positive.](https://user-images.githubusercontent.com/82035192/124120617-f5699980-da41-11eb-93ae-9d0db16f69a0.png)
+
+![Every single trading day for the last six weeks have had reportable FTDs to SEC. Big spike in new June reporting. ](https://user-images.githubusercontent.com/82035192/124120625-f8648a00-da41-11eb-8903-c584b86c513f.png)
+
+![One minute volume graph. Biggest spike of day at 4:00PM indicative of morning open price rise.](https://user-images.githubusercontent.com/82035192/124120634-fac6e400-da41-11eb-8395-344852644ed4.png)

Economic-Crisis/2021-06-28-Big-Banks-just-Increased-their-Dividends.md

@@ -0,0 +1,50 @@
+the big banks just increased their dividends, some doubled them. Come with me and Let's head back to 08 😎😎😎😎
+================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/thefutureisugly](https://www.reddit.com/user/thefutureisugly/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa371g/the_big_banks_just_increased_their_dividends_some/) | 
+
+---
+
+[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)
+
+Sauce: <https://www.dividend.com/how-to-invest/history-of-bank-stock-dividends/>
+
+TLDR: Most banks increased their dividends before the crash. Coming soon to cnbc cramer shouting Wells fargo is fine
+
+Copies and pasted pieces of the article with the numbers:
+
+Before the financial crisis in 2008, many dividend investors flocked to bank stocks for their attractive dividend yields and stability. Since many of these companies paid such attractive and consistent dividends, and appeared to be large stable companies, investors believed that their investments in bank stocks were safe.
+
+JP Morgan (JPM)
+
+During the years prior to the 2008 crisis, JP Morgan (JPM ) offered a dividend yield around 3%. By 2008, as JPM's share price began to crumble, its yield rose above 4%. By February of 2009, JPM's yield dropped to just 0.55% when the company cut its dividend for the first time since 1990 from 38 cents to 5 cents per share quarterly. This drastic change came as a surprise to many investors. Although many banks had recently slashed dividends, JPM was still considered one of the most stable investment banks, and was one of the last to cut its payout.
+
+This dividend reduction came soon after the company received $25 billion in TARP bailout funds. JPM's CEO Jamie Dimon reported that the cut was unrelated to the bailout, and said that this cut was made to allow JPM to have more financial flexibility. The 87% dividend cut helped the bank save $5 billion annually, which freed up capital to repay bailout funds.
+
+Wells Fargo (WFC)
+
+San Francisco-based Wells Fargo (WFC ) kept up with its peers by offering over a 3% dividend yield in 2006 and 2007. In 2008, WFC's yield shot up to 4.5% as its share price fell, similar to other banks at the time.
+
+Just two months after the bank's purchase of ailing Wachovia in March 2009, the bank cut its dividend 85% from 34 cents to just 5 cents per share, leaving shareholders with a mere 0.70% yield. The cut allowed WFC to save $5 billion a year to help fund its toxic mortgage losses.
+
+Bank of America (BAC)
+
+Charlotte, NC-based Bank of America (BAC ) traded at around $50 prior to the 2008 crisis, and had a dividend yield that exceeded 5% in 2007 and reached 7% by 2008. The banking giant was historically a great choice for dividend investors, but that all changed in 2009 when the bank was forced to cut its dividend in order to comply with government restrictions after taking TARP bailout funds.
+
+In 2009, BAC cut its quarterly dividend to just 1 cent per share. This left investors with just a 0.23% dividend yield. Since the dividend cut, BAC has made attempts to raise its dividend, but has failed to gain government approval.
+
+Citigroup ©
+
+In 2006, Citigroup (C ) had a dividend yield of about 4% which increased to over 4.5% in 2007. By 2008, the New York City-based bank had a dividend yield of over 7% as its stock price began to fall. In 2008, Citi was bailed out by the U.S. government for the first time and given $25 billion in TARP bailout funds. By February 2009, Citi had received its third government bailout. The government owned one-third of its shares.
+
+To comply with the government regulations, the bank suspended its dividend entirely from 2009-2010. In March 2011, the company resumed its dividend, offering a yield of just 0.10%, or 1 cent per share. During this time, C also did a reverse stock split of 10 to 1, making its shares worth approximately $44.
+
+Edit tldr of dividend increases by our friend Walter
+
+<https://i.imgur.com/BH3vMvP.jpg>
+
+Edit 2 Dividend history 2008ish in nominal dolla bills
+
+<https://imgur.com/a/BtA9647>

Government/2021-06-29-NJ-Attorney-General-Gurbir-Grewal-to-be-SEC-Enforcement-Director.md

@@ -0,0 +1,25 @@
+SEC Appoints New Jersey Attorney General Gurbir S. Grewal as Director of Enforcement
+====================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [SEC](https://www.sec.gov/about.shtml) | [sec.gov](https://www.sec.gov/news/press-release/2021-114) | 
+
+---
+
+FOR IMMEDIATE RELEASE\
+2021-114
+
+Washington D.C., June 29, 2021 ---
+
+The Securities and Exchange Commission today announced that Gurbir S. Grewal has been appointed Director of the Division of Enforcement, effective July 26, 2021. Grewal currently serves as Attorney General for the State of New Jersey, a role he has held since January 2018, when he was confirmed by the New Jersey State Senate after being nominated by Governor Phil Murphy.
+
+"I'm honored and delighted to welcome Attorney General Grewal to the SEC," said SEC Chair Gary Gensler. "He has had a distinguished career as New Jersey's chief law enforcement officer and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working closely with him to protect investors and root out wrongdoing in our markets."
+
+"I thank Melissa Hodgman for her service as the Enforcement Division's Acting Director," Chair Gensler added. "She will continue to be an important adviser to both Gurbir and me, and I look forward to our continued work together."
+
+"The Enforcement Division has a critical role to play in finding and punishing violations of the law," said Grewal. "I'm excited to get to work with the talented team of public servants to uncover and prosecute misconduct and protect investors. I thank Governor Murphy for the opportunity to serve the people of New Jersey and all of the colleagues with whom I've had the pleasure to work during my career in the state."
+
+As New Jersey's Attorney General, Grewal heads the Department of Law & Public Safety, which employs more than 3,700 uniformed officers, 750 lawyers, and thousands of additional public servants, including investigators, regulators, and administrative staff. Before becoming Attorney General, Grewal served as Bergen County Prosecutor, the chief law enforcement office of New Jersey's most populous county. Earlier in his career, he was an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney's Office for the District of New Jersey, where he served as Chief of the Economic Crimes Unit from 2014 to 2016 and oversaw the investigation and prosecution of all major white collar and cybercrimes in the District of New Jersey. He also previously served as an AUSA in the Criminal Division of the United States Attorney's Office for the Eastern District of New York, where he was assigned to the Business and Securities Fraud Unit. Grewal worked in private practice from 1999-2004 and from 2008-2010.
+
+Grewal graduated cum laude with a Bachelor of Science in Foreign Service from the Georgetown University School of Foreign Service in 1995. He obtained his law degree from the College of William & Mary, Marshall-Wythe School of Law in 1999.

Institutions/Banks/Bank-of-America/2021-06-30-BofA-Buys-Back-Bonds-to-Pay-off-Debt.md

@@ -0,0 +1,12 @@
+Wut doing BofA?
+===============
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Freadom6](https://www.reddit.com/user/Freadom6/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oao1xf/wut_doing_bofa/) | 
+
+---
+
+[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 - Wut doing BofA?](https://preview.redd.it/zl6exvf4jb871.jpg?width=640&crop=smart&auto=webp&s=eb9bebe18d9096cb203221f6c592d198c250a02e)](https://i.redd.it/zl6exvf4jb871.jpg)

Institutions/Brokers/Broker-Bullies-Series-by-Kronens/2021-06-29-Broker-Bullies-Pt-I-T212.md

@@ -0,0 +1,148 @@
+Broker Bullies -- (Part 1 -- T212)
+================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Kronens](https://www.reddit.com/user/Kronens/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oaeeu0/broker_bullies_part_1_t212/) | 
+
+---
+
+[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)
+
+UK Lawyer Ape here to break up the monotony of interesting posts with everyone's favourite bed time subject - THE LAW...
+
+My opinion - Brokers have been skirting around their legal obligations to their consumers for months now and (personally) I think they are seeing what they can get away with to mitigate their risk and the risk of their institutional clients. The T212 saga today was just the latest in a line of failures to act in their consumer clients' best interests. I've been meaning to do a write up on what Apes might be able to do in response and this is the first part. More will follow if you're interested.
+
+*Disclaimer first: this is not legal or financial advice. The procedural information provided is freely available online and the bit where I set out my thoughts on the T212 clauses are my opinion only. You should not listen to me. Maybe it will inspire you to speak to T212, I don't know. These things are subjective and I would like to invite all the wrinkled brained lawyer Apes to review and let me know if there are mistakes. As you can see, I work with crayons.*
+
+TL;DR -- I don't think what T212 have in their terms in relation to share lending is a fair contractual term and I believe it to be in breach of consumer regulations in the UK (and domestic international laws). You have a right to contest this, details are provided below, and you might want to know my thoughts on the specifics around the terms if you want to make a complaint yourself. As I mention, this is not clear cut, and it might be the specific protections raised don't quite cover the issue but from my experience where something is blatantly detrimenting the consumer; there is a law seeking to protect them.
+
+Intro
+
+I may be a smooth brained lawyer (who has only made terrible memes up until now on this sub) but I took a look at the T212 terms and have some problems with what they're doing.
+
+These notes are primarily focused on the UK as I'm based in London but a lot of this may be adaptable for our international Apes as I expect processes with regulation authorities to be fairly similar. The procedure will most likely involve speaking with your broker in the first instance and then reporting your complaint to a regulatory body if your matter has not been suitably resolved.
+
+To summarise the legal fundamentals behind this note:
+
+1.  I called up the Financial Conduct Authority to check that individuals agreeing to broker terms were able to rely on consumer regulation protections and more specifically the unfair terms legislation (we are*);
+
+2.  I checked Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA) and think there is a probability that in acting for two opposing clients simultaneously (Ape Long and Hedgies Short) and acting in a manner which benefits one over the other (lending shares to SHFs which has the effect of devaluing Apes stonks) T212 are in breach of the FSMA in relation to conflicts of interests.
+
+3.  I believe that clause 22 of the T212 Share Dealing Service Terms of Business is likely to be in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms.
+
+*For the purposes of the CRA you will only come within the protections if you are acting for purposes that are wholly or mainly outside of your profession.
+
+To note: my interpretation of the regulations, is my interpretation and opinion only. It is not clear cut, but I believe that T212's actions amount to a breach of the CRA and FSMA.
+
+Part 1 - So, what can we do about this?
+
+The Process
+
+Call me a pessimist but I don't think T212 will be the only ones to try this. The process outlined below therefore refers to "brokers" rather than T212 specifically for future use.
+
+I also believe this might be useful for Apes outside the UK as international guidance (especially in the EU) is likely to be relatively similar.
+
+Step 1: Contact the broker
+
+Contact the broker as soon as possible in writing so that you have a record of what they say and being speedy allows you to show in the future that you took this matter seriously from the outset.
+
+Financial services firm in the UK have 8 weeks to respond formally (mad right?) however if the broker gives you a deadline for a response it does not seem unreasonable to also set your own deadline before you report the matter to a regulatory body.
+
+Unless they can resolve your issue in 3 business days, they do need to acknowledge your complaint within a reasonable time after those three days.
+
+Step 2: Make the complaint yourself
+
+Lawyers can be expensive, but don't you worry your fluffy little head, you beautiful ape; you can do this all by yourself!
+
+Make sure you identify the problem and terms you feel are not fair.
+
+To make it a little easier I have also provided you with some wording that you might find useful in Part 3. But that's up to you, I'm not your lawyer.
+
+Step 3 -- Contact the Financial Ombudsman
+
+If you are not happy with the response you receive from the firm (again, as a pessimist I have my doubts that you will be happy), or you do not hear from them within the relevant time period (also very probable), the​​​​​ Financial Ombudsman Service may be able to help you.
+
+The Financial Ombudsman Service is a free, independent service for settling disputes between financial services firms and their customers (if you don't already know about them).
+
+**International Apes, I expect you will have similar regulatory bodies which I expect will help you much in the same way.**
+
+The success of a complaint like this may be limited. However, I personally believe that the more eyes we get on this the better. Drawing attention to unfair practices now is better than waiting until all this is over.
+
+Proactively confronting unfair dealings is the only way consumers can show that they do have power.
+
+Step 4 -- Court
+
+We'll keep this one in the back pocket for another day but you should know that you always have the right to take things like this to court; regardless of a regulatory body's decision.
+
+Part 2 -- What do I think T212 may have done wrong?
+
+![Screenshot 2021-06-30 064333](https://user-images.githubusercontent.com/82035192/123947603-8cfdb800-d96e-11eb-8142-0a76b1d5085b.png)
+
+You can see from the above picture the inner workings of a legal genius who just about managed to review the terms before the impulse to eat all the crayons took over.
+
+My verdict? Clause 22 doesn't seem very cash money of T212.
+
+What they're basically saying is that they can lend out your shares to institutions unilaterally; an act which would actively devalue your asset that you have purchased in favour of your competition in all this; the SHF.
+
+I believe that due to this, T212 are likely to have a conflict of interest by being a provider of services to you as a long investor and a SHF by making a decision to lend your shares out (with threat of punitive action should you contest it) for the sole benefit of the SHF.
+
+No... doesn't seem very cash money at all. In fact, someone would call that a d**** move.
+
+I won't go into too much more detail here as I want to get this out quickly to hopefully get the ball rolling for as many of you as possible. However, Part 3 below explains the specifics of the perceived breaches in consumer regulations and the intro above refers to the sources that I base this off.
+
+Part 3 -- How might you speak to a broker like T212?
+
+When I spoke to the Financial Conduct Authority they gave me the following details to raise a complaint with T212 (you know, if that's what you want to do):
+
+Email: <Compliance@Trading212.co.uk>
+
+Phone Number: 0203 816 0199
+
+**I want to make clear that this is just an example of something that can be sent in similar circumstances. I am not encouraging or advocating that you necessarily send this or something similar and if you do send anything similar to T212 then you should only include what you believe is correct to your individual circumstances. I have suggested extra reading into this topic but please do your own research and even get a lawyer if you are looking for legal advice. None of this is legal advice.**
+
+*Subject: Securities Lending Complaint*
+
+*Dear Compliance Team*
+
+*I recently logged into my T212 trading account and was notified that in accordance with clause 2 of your Share Dealing Service Terms of Business (the* *Terms**), I am required to give consent to lend my shares to a third party or suffer penalties (the* *Proposal**).*
+
+*To confirm and for the avoidance of doubt, I do not authorise you to lend my shares to any third party. I purchased the shares with the understanding that they were mine to own and I would receive all proprietary rights as would be expected in any exchange for such a security. That includes the ability to choose whether to lend or not to lend that security to anyone.*
+
+*I also do not accept the punitive measures that you threaten in this correspondence. These penalties are not in accordance with my legal rights as a consumer.*
+
+*If you do not revoke your ability to lend out my shares without imposing penalties by the 9 July 2021 I will be notifying the Financial Ombudsman with full details of the complaint.*
+
+*In the meantime and to consider the current situation in more detail please can you provide the following:*
+
+*1\. Evidence that in accordance with clause 22.1 of the Terms that I gave explicit consent to lending shares in my account;*
+
+*2\. An explanation as to why (presumably) you do not consider the Proposal to be in breach of Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA)? To clarify, T212 is acting as a financial firm to both myself as an investor and a third party who is most likely to use that share to short the stock I have invested in. Both myself and the third party are therefore clients of yours however you are clearly favouring the third party over me as an investor of the stock as the act of shorting that stock will devalue my investment. By imposing penalties on me if I do not agree to this, you are without a doubt favouring the third party as a client whilst harming my investment. Please confirm why T212 consider this not to be a breach of the conflict of interest provisions of the FSMA and FCA mentioned above?*
+
+*3\. An explanation as to why clause 22 of the Terms is not in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms? Clause 22 gives T212 the unilateral ability to lend out shares that I have invested in to the detriment of my shareholding. No investor in their right mind would allow their shares to be lent out to a third party who is likely to use that share to short the stock as it would clearly devalue the initial investment. I see no benefit in the clause for me as an investor; which (I'd like to point out) is hidden away in one of many of your terms and conditions.*
+
+*I will require a response to these queries as soon as possible considering the very limited timescale you have given me to consider my options. If I do not hear from you before the 9 July 2021 with what I consider to be an adequate response in resolution of this matter or if you have not by that time revoked the Proposal I will be contacting the Financial Ombudsman to make a formal complaint about your business practices.*
+
+*Yours faithfully,*
+
+Part 4 -- What Comes Next?
+
+That really depends on how T212 would like to deal with this. In my opinion, they are likely to get a lawyer to go through why these provisions do not apply (in their opinion). At that point, the regulation authority should decide whether that is true or not.
+
+On the face of it, this seems blatantly unfair to the consumer and where that happens (in my experience) more often than not it is a breach of a rule or regulation that seeks to protect a consumer.
+
+If people would find it useful I can do some further research on how someone might make a formal complaint to the Financial Ombudsman. I would recommend that would need more details in relation to specific breaches of the legislation and the terms.
+
+I have also been thinking about setting out my thoughts on notifying conduct authorities about:
+
+1.  The brokers' action in trading halts in January;
+
+2.  Unfair terms in T212 and other brokers terms;
+
+3.  US market practices and the role of domestic brokers in managing this risk.
+
+I would appreciate any feedback and suggestions!.
+
+TL;DR -- it's at the top you lovely, smooth-brained, simple ape.
+
+*Further disclaimer: in case in the interest of making this a little less formal anyone thinks this is unprofessional or could make lawyers look bad; I'm doing this to help people, it's free, law isn't entertaining (but I gave it a go), I don't actually eat crayons and you're wrong.*

Institutions/Brokers/Robinhood/2021-06-30-FINRA-fines-Robinhood-70-Million.md

@@ -0,0 +1,34 @@
+FINRA fines Robinhood $70M
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oazd4f/finra_fines_robinhood_70m/) | 
+
+---
+
+[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)
+
+FINRA just announced a major enforcement action against Robinhood for $70M, which breaks down to $57M fines and $12.6M restitution to clients. Here's the [press release](https://www.finra.org/media-center/newsreleases/2021/finra-orders-record-financial-penalties-against-robinhood-financial), and the [full action](https://www.finra.org/sites/default/files/2021-06/robinhood-financial-awc-063021.pdf).
+
+This is a pretty standard enforcement action - Robinhood neither admits nor denies the findings, and it's essentially a slap on the wrist. Robinhood [collected $331M in PFOF](https://www.cnbc.com/2021/05/03/robinhood-made-331-million-from-clients-trading-activity-in-q1-2021.html) in Q1 2021.
+
+Robinhood intentionally mislead their customers:
+
+[![r/Superstonk - FINRA fines Robinhood $70M](https://preview.redd.it/3tcb469l5f871.png?width=725&format=png&auto=webp&s=2d019e5e9180d93e8a3ca8e295c3d670cc23c943)](https://preview.redd.it/3tcb469l5f871.png?width=725&format=png&auto=webp&s=2d019e5e9180d93e8a3ca8e295c3d670cc23c943)
+
+There are many other violations in the order. Among them:
+
+-   Failure to exercise due diligence before approving options accounts
+
+-   Failure to supervise technology critical to providing customers with core broker-dealer services
+
+-   Failure to create a reasonably designed business continuity plan
+
+-   Failure to report customer complaints to FINRA
+
+-   Failure to have a reasonably designed customer identification program
+
+-   Failure to display complete market data information
+
+This is a pretty disturbing set of violations, and honestly it's surprising that they can continue to operate as a broker-dealer. This is an important enforcement action, but overall I'd call it a disappointment in terms of the cost to Robinhood and the remedial actions they need to take.

Institutions/Brokers/Robinhood/2021-07-01-Robinhood-Reports-Over-1-Billion-Net-Loss-in-First-Three-Months-of-2021.md

@@ -0,0 +1,46 @@
+Robinhood reports a $1.44 billion net loss on $522 million in revenue in the first three months of 2021!!
+=========================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+| [Dan Primack](https://www.axios.com/authors/danprimack/) posted by [u/FatGuyOnEbay](https://www.reddit.com/user/FatGuyOnEbay/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/obuz6z/robinhood_reports_a_144_billion_net_loss_on_522/) | 
+
+---
+
+[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)
+
+
+Robinhood files for long-awaited IPO
+====================================
+
+[Dan Primack](https://www.axios.com/authors/danprimack/), author of [Pro Rata](https://www.axios.com/newsletters/axios-pro-rata)
+
+![Illustration of a teenager on a laptop covered in wall-street related decals including a bull, a trend line, and an emoji with dollar sign eyes](https://images.axios.com/2lFgZ5GO8Zi77Fsd6zwce4XPE7Y=/0x0:1920x1080/1920x1080/2021/07/01/1625157520980.jpg)
+
+Illustration: Sarah Grillo/Axios
+
+Popular trading app Robinhood on Thursday [filed](https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm) for its initial public offering, and disclosed that it will set aside up to 35% of shares for retail investors who rarely get to buy at a company's IPO price.
+
+Driving the news: Earlier this week, Robinhood [agreed to pay](https://www.axios.com/robinhood-harmed-millions-of-customers-ff182dd2-c166-4447-b964-05903c8600ee.html) a record $70 million in fines and restitution, as part of a settlement with the Financial Industry Regulatory Authority over providing customers with "false or misleading information."
+
+-   The deal was viewed as key to letting Robinhood "flip" its IPO filing from confidential to public.
+-   It plans to list on the Nasdaq under ticker symbol "HOOD."
+
+Background: Today's move also comes several months after Robinhood came under fire for restricting certain trades, related to a burst of activity on GameStop and other meme stocks.
+
+-   The SEC continues to investigate the trading halt, which also sparked Congressional hearings, and Robinhood remains the defendant in several related class action lawsuits.
+-   It also was [sued by Massachusetts regulators](https://www.axios.com/robinhood-sec-lawsuit-massachusetts-violations-trading-6d349c57-c138-441d-a263-d5a225823dfa.html) for alleged securities law violations.
+-   The SEC also reportedly [slowed down](https://www.bloomberg.com/news/articles/2021-06-24/robinhood-ipo-plans-said-to-be-slowed-by-sec-review) Robinhood's IPO process over questions about its growing crypto-trading business, where assets grew from $481 million in Q1 2020 to $11.6 billion in Q1 2021 (aided by a major rise in Dogecoin trades).
+
+Share set-aside: Robinhood says that between 20% and 35% of its shares will be allocated for sale to company customers, most of whom are retail investors, at the IPO price.
+
+ROI: Robinhood has raised over $5.5 billion since being founded in 2013, including [$3.4 billion](https://www.axios.com/robinhood-investors-amc-gamestock-6cd7b237-004a-4ded-b91f-8313f885ef18.html) via a convertible note investment in the aftermath of the trading fiasco.
+
+-   Major VC backers include DST Global, Ribbit Capital, Index Ventures and NEA.
+
+Financials: The Silicon Valley company reports a $1.44 billion net loss on $522 million in revenue for the first three months of 2021, but the entire loss was tied to a fair market value adjustment to the convertible note financing.
+
+-   It reported a $52 million net loss on $128 million in revenue for Q1 2020, and a $7.5 million profit on $959 million in revenue.
+
+**[Source]([axios.com/robinh...](https://www.axios.com/robinhood-ipo-0b9a27b1-69d1-41d0-b44e-69e137b92dd2.html)
+)**

Institutions/Brokers/TD-Ameritrade/2021-06-28-TD-Ameritrade-Blocking-Options-Trading-for-GME-Due-to-Volatility.md

@@ -0,0 +1,12 @@
+TD Ameritrade blocking options trading for GME "due to the volatility" Are other brokers doing this?
+====================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Il1Il1Il1](https://www.reddit.com/user/Il1Il1Il1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9iufr/td_ameritrade_blocking_options_trading_for_gme/) | 
+
+---
+
+[Question ❓](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&restrict_sr=1)
+
+[![r/Superstonk - TD Ameritrade blocking options trading for GME "due to the volatility" Are other brokers doing this?](https://i.redd.it/sq6m8nudxz771.jpg)](https://i.redd.it/sq6m8nudxz771.jpg)

Institutions/Brokers/Trading212/2021-06-29-PSA-for-Trading212-Apes-Here-is-What-You-Need-to-Do-Next.md

@@ -0,0 +1,32 @@
+🚨 PSA for Trading212 apes: Here's what you need to do next...
+============================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/salsa_sauce](https://www.reddit.com/user/salsa_sauce/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa6cei/psa_for_trading212_apes_heres_what_you_need_to_do/) | 
+
+---
+
+[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)
+
+If you haven't already seen, as of this morning, T212 are forcing customers with a General Investment account (but not ISAs) to agree to their shares being lent out.
+
+To be clear, as I'm seeing a lot of misinformation in the comments: this ONLY applies to general investment accounts, which did not previously have their shares lent out. T212 are already known to automatically lend shares on *margin* accounts, but this only applies to "normal" share accounts with them.
+
+Here's what I would consider doing:
+
+1.  Never give these crooks another penny of your money
+
+2.  Do not agree to have your shares lent out. If you don't agree by July 13th, T212 say you will only be able to close or reduce positions.
+
+3.  Continue to hold your existing shares with T212. Do not try and transfer, due to T212 restrictions you'll have to sell your shares and buy them back at market rate, which means you could incur a loss, and hedge funds could potentially buy back your shares to cover positions.
+
+4.  Open an account at another broker, but to be clear, do not transfer. Just use this new brokerage account for future purchases. This way, you keep your existing shares held at T212, and as long as you haven't agreed to the terms changes, they will not be lent out.
+
+5.  If you're a U.K. ape, and haven't already opened a shares ISA this financial year, open an ISA account with your chosen provider. This way your gains are tax-free, and crucially, shares cannot be lent out from ISAs.
+
+6.  Continue to buy through your new broker. Only return to T212 to close your positions when MOASS takes off (or keep your shares there for the Infinity Pool)
+
+Many T212 users seem to be in the U.K., for those people I would recommend Interactive Investor (no known restrictions), or Freetrade (max $25k per order, but they have suggested this will change). I personally wouldn't recommend Hargreaves Lansdown, as they don't offer limit orders without calling them up. *Do your own research, these recommendations are just my personal experience*.
+
+This isn't financial advice. Good luck!

Institutions/Hedge-Funds/BlackRock/2021-06-29-BlackRock-the-Russell-Prospectuses-and-the-MOASS.md

@@ -0,0 +1,58 @@
+I think BlackRock added something to the Russell prospectuses relating to a MOASS payout?
+=========================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/hunting_snipes](https://www.reddit.com/user/hunting_snipes/) | [Reddit](https://www.reddit.com/r/GME/comments/oam5dm/i_think_blackrock_added_something_to_the_russell/) | 
+
+---
+
+[🔬 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)
+
+EDIT: I'm working on some clarifying DD right now -- I understand why they put in these redemption clauses better now. I don't think I explained well and there's been some misunderstandings. I don't think they're saying IWM is shorted, I think this was BlackRock's way of cockblocking SHFs that were using Russell 2000 ETFs to fuck with GME [and possibly other shorted stocks].
+
+Pretty sure it has kept SHFs from making money off arbitrage on those ETFs for a while now, and as of April they set in place contingency plans to get cash to retail investors [speculation], but more importantly, I think this allowed them to prevent SHFs from breaking open certain ETFs and fucking with GME on Russell rebalancing day, which will show up in T+? days as a pile of FTDs that will force buying of GME [depending on whether those ETFs were considered threshold securities the day of Russell rebalancing].
+
+Will update later. Couldn't sleep last night my nipples were so ripe. My comments on [u/SPAClivesmatter](https://www.reddit.com/u/SPAClivesmatter/) repost in the other sub might be illuminating in the meantime. Oh, and someone else mentioned leavemeanon repeatedly using the phrase "that's just the tip of the Glacier" in that ETF DD... another rabbit hole to investigate, if anyone is interested.
+
+----------
+
+I was reading [leavemeanon's post about ETF FTDs etc](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) and, having just seen Burry's tweet from a week? ago about "reading the fine print" being important, the phrase in Part Two "*to the fine print we go*" caught my eye. I love the taste of tinfoil and I thought *maybe leavemeanon was MB...* Then I came across a [related post](https://www.reddit.com/r/Superstonk/comments/ntinqs/a_missing_block_of_text_of_the_original_final/) by [u/Freakei](https://www.reddit.com/u/Freakei/) who screenshotted a deleted block of text from the original post, the beginning of which reads:
+
+> You should skim through that IWM prospectus. Especially the 'Creation and Redemption' section. Again, creation/redemption isn't a "one-for-one", *all or nothing* process - AP deposits some pile of [assets and cash], and ETF issuer provides [50,000 ETF shares OR 50,000 underlying shares.]
+
+Like a good ape, I go to the Creation and Redemption section of the prospectus, and it points me to the [Statement of Additional Information](https://www.ishares.com/us/literature/sai/sai-ishares-trust-3-31.pdf). Tucked into that section is a subsection called "Redemption of iShares Russell 2000 ETF During Certain Market Conditions." If this pertained solely to GME shares, my Jaques would be Tits, but obviously this just pertains to one ETF of which GME is a part. It could be an ass sandwich entirely, but I'm curious to know why this applies only to the Russell 2000 ETF:
+
+> Redemption of iShares Russell 2000 ETF During Certain Market Conditions. By submitting a redemption request, an Authorized Participant is deemed to represent to the Trust, consistent with the Authorized Participant Agreement, that (1) it has the requisite number of shares to deliver to the Trust to satisfy the redemption request, (2) such shares have not been loaned or pledged to any other party and are free and clear of any liens and encumbrances, and (3) it will not lend, hypothecate or otherwise encumber the shares after the submission of the redemption request. These deemed representations are subject to verification under certain circumstances with respect to the iShares Russell 2000 ETF. Specifically, if an Authorized Participant submits a redemption request with respect to the iShares Russell 2000 ETF on a Business Day on which the Trust determines, based on information available to the Trust on such Business Day, that (i) the short interest of the Fund in the marketplace is greater than or equal to 150% and (ii) the orders in the aggregate from all Authorized Participants redeeming Fund shares on such Business Day represent 25% or more of the shares outstanding of the Fund, such Authorized Participant will be required to verify to the Trust (in a form specified by the Trust) the accuracy of its deemed representations. If, after receiving notice of the verification requirement, the Authorized Participant does not verify the accuracy of its deemed representations in accordance with this requirement, its redemption request will be considered not to have been timely received in proper form.
+
+The first couple times I read this I assumed "its redemption request will be considered not to have been timely received in proper form" = redemption request denied, and somehow keep hedgies from hiding their FTDs, but now I'm not sure.
+
+I got excited at first, thinking maybe BlackRock added this as an amendment, since it's last dated to last week, but it also looks like this has been a section in iShares SAIs since at least 2013. Regardless, I'm still so curious why this only applies to the iShares Russell 2000 ETF [and not the iShares Russell 2000 Value or Growth ETFs, or any others for that matter].
+
+HOWEVER...
+
+The [latest SAI](https://www.blackrock.com/us/individual/literature/sai/sai-brindexfunds-smallcapindex-intlindexfunds-us.pdf) for the iShares index funds themselves pertains only to iShares Russell 2000 Small-Cap Index Fund and iShares MSCI EAFE International Index Fund. It includes a Redemption of Shares section that is unique to this SAI, last dated April 30, 2021 [*the day after RC's Mr. Hanky tweet, for anyone who's wearing their tinfoil*].
+
+The first part of that section basically says hey, normally we'll redeem shares for cash, but we have the right to redeem some or all of them in-kind [securities/assets instead of cash] under unusual circumstances to protect the interests of the remaining shareholders. But we'll do cash if it's less than $250,000 total over three months per person. Hmm, okay...
+
+The second part says
+
+> The right to redeem shares may be suspended or payment upon redemption may be delayed for more than seven days only (i) for any period during which trading on the NYSE is restricted as determined by the Commission or during which the NYSE is closed (other than customary weekend and holiday closings), (ii) for any period during which an emergency exists, as defined by the Commission, as a result of which disposal of portfolio securities or determination of the NAV of a Fund is not reasonably practicable, or (iii) for such other periods as the Commission may by order permit for the protection of shareholders of the Fund. (A Fund may also suspend or postpone the recordation of the transfer of its shares upon the occurrence of any of the foregoing conditions.)
+
+Iiiiiiiiiinteresting. At first it might sound like they're pulling a Robinhood, but I think especially given the preceding section they're basically looking out for retail and saying we'll give y'all $250,000 but give us some more time The third part says the fund "has entered into a joint committed line of credit with a syndicate of banks that is intended to provide the Fund with a temporary source of cash to be used to meet redemption requests from shareholders in extraordinary or emergency circumstances." They can also borrow from other funds to meet their redemption requests.
+
+Last part basically says they can involuntarily redeem shares if a shareholder doesn't fully pay for shares, or if the sh makes a beneficial transaction at the fund's expense, or if not redeeming shares would have adverse consequences for other shareholders.
+
+I'm also curious about the other fund included in this SAI. I haven't looked into it but it makes me wonder if there's some macro thing going on internationally I don't know about. And obviously, GME is now in the Russell 1000 - so I don't know if this was put in place to affect the rebalancing somehow [not sure if it would apply there], or if they were putting redemption clauses in for the MOASS [in which case I would expect a new SAI to be filed soon].
+
+Unrelated, in my rabbit hole I found that BlackRock almost doubled their fidelity bond insurance in 2019 for a contract that was nine months long [opposed to the standard twelve] and I'm wondering what that's all about...
+
+TL;DR: BlackRock is like "we won't pay out your Russell 2000 ETF shares if you're a hedgie with fakes" and filed an addition unique to the Russell 2000 index fund [+ MSCI EAFE International Index Fund?]'s prospectus outlining procedures for paying out shareholders enormous amounts of cash under unusual circumstances.
+
+Curious if any wrinkles have more insight on this or want to ping someone who might! I don't have enough karma for Superstonk so feel free to crosspost if you think there's something worth exploring here.
+
+Edit: Gee thanks strangers! My first Reddit awards and it's two All-Seeing Eyes!
+
+Edit again: If those stocks were considered "threshold securities" [a number of consecutive days of FTDs in a row] they would be forced to cover on.... July 14. Unfortunately I can't do ftp files but if someone wants to check the [Historical Threshold Lists](http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold) for Nasdaq especially week of Russell rebalancing I think that's where we'd find if it was in fact a threshold security.
+
+The good news... I don't think they could hide FTDs of the ETFs themselves the way they've been hiding GME FTDs but correct me if I'm wrong. If this is what I think it is, it's a fucking infinity chess move. BR + RC: "Oh you want to use our ETFs to keep shorting GME? Psych, we're gonna force you to cover FTDs on our ETFs and thus buy GME. Now S my D"

Institutions/Hedge-Funds/Citadel/2021-06-29-Citadel-IEX-D-Limit-Proposal-August-of-2020.md

@@ -0,0 +1,24 @@
+Citadel really doesn't like IEX, if you have the option, route your buys through them.
+======================================================================================
+
+[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)
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Key_Coffee4941](https://www.reddit.com/user/Key_Coffee4941/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/) | 
+
+---
+
+![image](https://user-images.githubusercontent.com/82035192/123949123-372a0f80-d970-11eb-9e60-be861bb1b519.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123949146-3db88700-d970-11eb-8b5c-66f674f3cf27.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123949164-427d3b00-d970-11eb-860a-9c6129c75ada.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123949180-4741ef00-d970-11eb-9ebd-2b1392790701.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123949195-4b6e0c80-d970-11eb-87ee-b88926e9da02.png)
+
+![image](https://user-images.githubusercontent.com/82035192/123949208-4e68fd00-d970-11eb-9ebd-744d3b35c061.png)
+
+

Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md

@@ -0,0 +1,33 @@
+# Credit Suisse’s Top Shareholder Cuts Stake Amid Turmoil
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [Nicholas Comfort](https://archive.is/o/7WFYY/https://www.bloomberg.com/authors/AOp9iyfjAFQ/nicholas-comfort) & [Patrick Winters](https://archive.is/o/7WFYY/https://www.bloomberg.com/authors/AQvuhoP3qlo/patrick-winters) | [Bloomberg](https://archive.is/7WFYY#selection-2977.0-2977.55) | 
+
+---
+
+**Shoutout to [u/Baystreethooker](https://www.reddit.com/user/Baystreethooker/) for the article**
+
+The Qatar Investment Authority cut its stake in Credit Suisse Group AG to below 5%, deepening the turmoil surrounding the firm after a pair of scandals this year left it the worst-performing major bank stock in Europe.
+
+The Gulf nation sovereign wealth fund has a holding of 4.8% in Credit Suisse, or about 128 million shares, according to a filing with the Securities and Exchange Commission on Wednesday. The QIA had previously held about 133 million shares, making it the Swiss bank's biggest shareholder, according to Bloomberg data.
+
+Credit Suisse has been hit this year by the blow-ups of Archegos Capital Management and Greensill Capital, which caused billions of dollars in losses and further dents to its reputation. Qatari investors have been a key backer of European banks as they recovered from the 2008 crisis, although comments from some officials suggests their focus is shifting.
+
+![Credit Suisse has underperformed U.S. and European peers after several scandals](https://archive.is/7WFYY/49f2a9bde65eabd181bfa664881578218f32330f.jpg)
+
+The filing was triggered by the holding falling beneath the 5% threshold. That would mark the first reduction by QIA since 2010, according to data compiled by Bloomberg. The move also means that QIA may no longer be the Swiss bank's largest shareholder. Harris Associates has a holding of about 133 million shares, the data show.
+
+Credit Suisse has stumbled from one imbroglio to the next in recent years. Still reeling from the fallout of a spying scandal that contributed to the exit of Chief Executive Officer Tidjane Thiam last year, the bank went on to take a write-down on a stake in a hedge fund. This year came the unraveling of Greensill's supply-chain finance empire, a key partner for Credit Suisse's asset management business.
+
+### Governance Questions
+
+Yet it was Credit Suisse's losses on its exposure to family office Archegos, the largest among Wall Street banks, which raised the most serious questions over its risk management and governance. While the bank was quick to bolster its financial strength, its new Chairman, Antonio Horta-Osorio, has pledged a thorough review of the firm. He has said that the two recent crises went beyond any he'd lived through over three-and-a-half decades in the industry.
+
+QIA is charged with preserving Qatar's oil and gas wealth and is one of the world's largest such sovereign funds with assets estimated at over $360 billion by Global SWF.
+
+While Qatari investors' stakes in European banks [predate](https://archive.is/o/7WFYY/https://www.bloomberg.com/news/articles/2008-02-19/-150 "Qatar Buys Credit Suisse Shares, Prime Minister Says (Update6)") the throes of the financial crisis, they have subsequently played a key role in supporting lenders. QIA still holds a stake in Barclays Plc after helping to prop up the U.K. investment bank in 2008.
+
+Qatar's former prime minister, Sheikh Hamad bin Jassim Al Thani, stands to suffer a personal hit from Credit Suisse's woes, after vehicles linked to him invested about $200 million in funds the bank ran with Greensill, [people familiar](https://archive.is/o/7WFYY/https://www.bloomberg.com/news/articles/2021-04-06/credit-suisse-s-scandal-toll-climbs-ever-higher-as-rivals-thrive "Credit Suisse Scandal Toll Goes Ever Higher as Rivals Thrive (2)") with the matter said earlier this year.
+
+--- With assistance by Paul Abelsky

Key-Players/2021-04-11-DD-into-Ken-Griffin.md

@@ -0,0 +1,140 @@
+KEN GRIFFIN EXPOSED
+===================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/BetOnThis21](https://www.reddit.com/user/BetOnThis21/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mou8ww/ken_griffin_exposed/) | 
+
+---
+
+[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)
+
+An overview of the deplorable Mr. Ken Griffin
+
+My fellow apes,
+
+I believe it was Sun Tzu who said "If you know the enemy and know yourself, you need not fear the result of a hundred battles." That is what we face every trading day, as the saga of GME continues.
+
+I am keen to inform you further about the antagonist of this story (though I'm sure as a likely narcissistic psychopath he doesn't see it that way). I am talking about Mr. Kenneth Cordele Griffin, founder, chief executive officer, Co-chief investment officer, and 85% owner of Citadel LLC - a man estimated to have horded a wealth of $22.4 billion.
+
+In case you are unaware, Citadel LLC are thought to be the primary short-sellers in the GME debacle, where they predatorially gave loans to Gabe Plotkin's company to prevent margin calls at the GME peak in late January of this year. Their relentless pursuit of profit has landed them in rather hot water this time, as I personally don't believe they ever wanted the public to be aware of their practices, nor they unbelievable amount of money they made at the cost of American jobs, businesses and livelihoods.
+
+Given Mr. Griffin is both CEO and 85% owner of Citadel, I think it is only fair to say he guides the operations of his business, and the operations are therefore reflective of his values. If you agree, it is therefore fair to attribute praise/blame (99% the latter) to the man who oversees all in this company.
+
+So, please join me in reviewing Mr. Griffin as a man, in both his personal and business affairs. In doing this research, I have personally been sickened by what sort of a man has risen to the top of the US pyramid, but I will leave it for your deliberation - enjoy:
+
+Personal life
+
+Bought the most expensive home in the US ever ($238m penthouse in NY), money that could have been used to help millions of others out of poverty, or maybe pay for almost 1000 $250,000 homes for those affected by the 2008 crash:
+
+<https://www.businessinsider.com/ken-griffin-most-expensive-home-ever-sold-us-nyc-penthouse-2019-1?r=US&IR=T>
+
+Oh wait, more multimillion dollar houses because of course you need those:
+
+<https://www.businessinsider.com/ken-griffin-real-estate-nyc-apartment-record-chicago-london-miami-2019-1?r=US&IR=T>
+
+Owns $800m+ in art, instead of giving it to charity or allowing it to circulate through the economy:
+
+<https://news.artnet.com/art-world/art-industry-news-june-4-2020-1878852>
+
+Griffin owns two private jets: a 2001 [Bombardier Global Express](https://en.wikipedia.org/wiki/Bombardier_Global_Express) valued at $9.5 million, and a $50 million 2012 Bombardier Global 6000, so he hates the environment too:
+
+<https://www.cnbc.com/2020/03/06/photos-how-citadel-billionaire-ken-griffin-spends-his-fortune.html>
+
+He HATES being taxed, because having a fair amount of money would be unfair apparently:
+
+<https://www.forbes.com/sites/giacomotognini/2020/11/05/battle-of-the-billionaires-failed-illinois-income-tax-initiative-drew-more-than-110-million-from-governor-jb-pritzker-and-citadels-ken-griffin/?sh=6046e7302da4>
+
+He believes that people should be able to make unlimited contributions to politicians, but that these contributions should be public (P.S. USA wake up - this 'lobbying' disproportionately ensures rich people can trample you further)
+
+<https://money.cnn.com/2015/02/26/news/ken-griffin-political-contributions/>
+
+Allegedly forced his second wife to sign prenuptial agreement from which he benefitted financially:
+
+<https://www.telegraph.co.uk/news/worldnews/northamerica/usa/11075726/US-billionaires-wife-claims-she-was-forced-into-prenuptial-before-Versailles-wedding.html>
+
+Refused to pay alimony, and threatened to sue ex-wife into the ground:
+
+<https://dealbreaker.com/2015/01/chicago-billionaire-sounds-like-a-real-treat>
+
+Oh, and he's got a real temper like all well-adjusted folks:
+
+<https://dealbreaker.com/2015/08/hedge-fund-manager-known-for-inspiring-spine-tingling-terror-in-people-hopes-to-lighten-things-up-with-haunted-house-come-october>
+
+<https://qz.com/1969532/how-ken-griffins-citadel-transformed-financial-markets/>
+
+[https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/#](https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/)
+
+He even smashed up furniture when his wife threatened to break up with him (she made a good choice):
+
+<https://www.standard.co.uk/news/world/the-breakup-that-has-gripped-america-billionaire-smashed-up-furniture-when-wifetobe-queried-prenup-9711096.html>
+
+He doesn't do philanthropy because he is a good person; he does them for tax write-offs so jot that one down:
+
+<https://www.miamiherald.com/news/business/article249945144.html>
+
+Business
+
+From the start, he's far more likely to be a psychopath, and all of my reading has supported this (he is horrific to work for and as a person):
+
+<https://www.institutionalinvestor.com/article/b1ghpmmp796w07/Sports-Cars-Psychopaths-and-Testosterone-Inside-the-New-Frontier-of-Fund-Manager-Research>
+
+He doesn't do empathy:
+
+<https://www.efinancialcareers.co.uk/news/2021/04/ken-griffin-citadel>
+
+A prideful man, who bragged in 2015 that Citadel "[manufactures money](https://www.wsj.com/articles/citadels-ken-griffin-leaves-2008-tumble-far-behind-1438655887) like an automaker manufactures cars"
+
+<https://www.ft.com/content/25e6100d-4cdd-45d0-aaab-6f9b77b14257>
+
+He's living his best life pretending he's the 'Navy SEALS' of Finance (grandiose and delusional):
+
+[Ken Griffin on Forging the Navy SEALs of the Industry](https://www.youtube.com/watch?v=0tW8Gk4cre8)
+
+Suspicious location of subsidiary company Palafox in the Cayman Islands (coincidentally a tax haven hmm). They are also prepared to collapse the world economy and indirectly kill thousands to make a quick buck:
+
+<https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/>
+
+Like a typical hedge fund/investment bank, Citadel doesn't give a s**t about your work/life balance with 80+ hour workweeks:
+
+<https://www.glassdoor.sg/Reviews/Citadel-no-work-life-Reviews-EI_IE14937.0,7_KH8,20.htm>
+
+<https://www.theguardian.com/business/2021/mar/22/goldman-sachs-boss-responds-to-leaked-report-into-inhumane-working-hours>
+
+On top of this, they treat employees terribly, hence the high turnover (ex-Citadel employees, make him pay using the second link):
+
+<https://www.reddit.com/r/GME/comments/meoqgw/citadel_headed_toward_hiring_freeze_deep_dive/>
+
+<https://www.sec.gov/whistleblower>
+
+Tries to psych out his employees with long pauses and weird rituals because he's awful:
+
+[https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-](https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-with-long-pauses-strange-coffee-ritual)[with-long-pauses-strange-coffee-ritual](https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-with-long-pauses-strange-coffee-ritual)
+
+Wanted to be a whistle-blower/snitch, which was presumably done for a competitive advantage, not for altruism/respect of the law:
+
+<https://www.jdsupra.com/legalnews/citadel-a-24-billion-hedge-fund-seeks-65806/>
+
+Citadel PROFITED on the 2008 crash:
+
+<https://wallstreetonparade.com/2016/04/citadels-ken-griffin-poster-child-for-americans-anger-in-this-election/>
+
+Citadel accepts these fines as they aren't high enough to be a deterrent (no shame at all eh lads?):
+
+<https://www.reddit.com/r/GME/comments/m9dfcw/100_million_in_fines_from_citadel/>
+
+Just watch this, he doesn't blink and ABSOLUTELY believes everything he says:
+
+<https://www.youtube.com/watch?v=9cwf-JrrE9g>
+
+And this is just the stuff we know. I'm sure even worse occurs behind closed doors. KEN GRIFFIN HATES YOU.
+
+Overall, Ken Griffin was likely hoping he would never be in the limelight, but here we are (BTW please share this far and wide so people know how much of a deplorable piece of s**t scumbag he is). He is, both in business and pleasure, a disgusting, greedy, angry, cheating human being who deserves to be in jail without a cent to his name. GME is your last chance to even get close to punishing these people. The American system has ensured the ivory towers of smoke and mirrors are built, and the final bricks that will ensure invincibility lie here - KNOCK THE CITADEL DOWN AND USE THE BRICKS TO BUILD HOMES, SCHOOLS AND HOSPTIALS.
+
+*If anyone has any more additions/changes (there will be loads because he's truly detestable), please message me and I will edit.*
+
+Thank you for reading. Please GME to the moon, and hopefully Ken to jail 🚀🚀🚀
+
+*Edited for readability*
+
+*Disclaimer: all of this information was available online. You'll have to sue them first before you sue me lol*

Market-Manipulation/FTDs/2021-06-28-NSCC-Mitigate-FTDs-by-just-Borrowing-Stock-from-Other-Members-for-a-Fee.md

@@ -0,0 +1,142 @@
+NSCC mitigate FTDs by just 'borrowing' stock from other members for a fee. This is why they are incentivized to NOT force buy-in FTDs. FTDs are a profit center!
+================================================================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/bosshax](https://www.reddit.com/user/bosshax/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9r43h/nscc_mitigate_ftds_by_just_borrowing_stock_from/) | 
+
+---
+
+[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)
+
+[RegSHO was implemented in 2004 by the SEC to address abusive short selling](https://www.sec.gov/investor/pubs/regsho.htm)
+
+It has been updated over the years to address various 'loop-holes' and other exploitative practices. These amendments have been largely ineffectual as naked short selling is still a systemic problem.
+
+Regulation SHO
+
+[Source](https://www.sec.gov/investor/pubs/regsho.htm)
+
+"Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive "naked" short selling.
+
+Due to continued concerns about failures to deliver, and to promote market stability and preserve investor confidence, the Commission has amended Regulation SHO several times since 2005 to eliminate certain exceptions, strengthen certain requirements and reintroduce the price test restriction.[[5]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn5)
+
+As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: the "grandfather" provision and the "options market maker" exception. Due to continued concerns about failures to deliver, and the fact that the Commission continued to observe certain securities with failure to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the "grandfather" provision and in 2008 the Commission eliminated the "options market maker" exception.
+
+In addition, the Commission adopted temporary Rule 204T in 2008 and final Rule 204 in 2009, which strengthened further the close-out requirements of Regulation SHO by applying close-out requirements to failures to deliver resulting from sales of all equity securities and reducing the time-frame within which failures to deliver must be closed out.
+
+In 2010, the Commission adopted Rule 201 of Regulation SHO. Rule 201 restricts the price at which short sales may be effected when a stock has experienced significant downward price pressure. Rule 201 is designed to prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intra-day price decline, and to facilitate the ability of long sellers to sell first upon such a decline.
+
+Regulation SHO's four general requirements are summarized below:
+
+-   *Rule 200 -- Marking Requirements.* Rule 200 requires that orders you place with your broker-dealer must be marked "long," "short," or "short exempt."[[6]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn6)
+
+-   *Rule 201 -- Short Sale Price Test Circuit Breaker*. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies.
+
+-   *Rule 203(b)(1) and (2) --* *Locate Requirement*. Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.[[7]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn7) This "locate" must be made and documented prior to effecting the short sale.
+
+-   *Rule 204 -- Close-out Requirement*. Rule 204 requires brokers and dealers that are participants of a registered clearing agency[[8]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn8) to take action to close out failure to deliver positions. Closing out requires the broker or dealer to purchase or borrow securities of like kind and quantity. The participant must close out a failure to deliver for a short sale transaction by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. If a participant has a failure to deliver that the participant can demonstrate on its books and records resulted from a long sale, or that is attributable to bona fide market making activities, the participant must close out the failure to deliver by no later than the beginning of regular trading hours on the third consecutive settlement day following the settlement date, referred to as T+6. If the position is not closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)[[9]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn9) may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement) until the broker or dealer purchases shares to close out the position and the purchase clears and settles. In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as "threshold securities," if the failures to deliver persist for 13 consecutive settlement days.[[10]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn10) Threshold securities are equity securities[[11]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. As provided in Rule 203 of Regulation SHO, threshold securities are included on a list disseminated by a self-regulatory organization ("SRO"). Although as a result of compliance with Rule 204, generally a participant's fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect."
+
+TLDR on RegSho:\
+RegSho had the right idea to make naked shorting much more difficult but it stopped short on a few key areas of actually having teeth:1, Marking Requirements: Trades must be marked Long, Short or Short Exempt: We know this is abused and the penalties/fines are meaningless to enforce the purpose of this marking rule. Strategically mis-marking a short as a long is a an effective naked shorting technique.
+
+2, Locate Requirement:\
+"broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security". This legal-speak is pretty much meaningless in enforcing that short sales that should not occur do not. Broker-dealers can almost always have confidence they can locate a borrow *somewhere/somehow* and at worst case through married put strategy.
+
+3, Close Out Requirement:\
+FTDs must be closed out on settlement date, these dates vary depending on the circumstance. This is perhaps the most important concept of the RegSho rule and it is completely ineffectual because 'close out' does not mean 'purchase security'. They can satisfy a 'close out' by just borrowing again aka 'kick the can down the road'.
+
+NSCC's Stock Borrow Program
+
+[Source](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)
+
+"When a broker is net short a stock, it has two days to locate and deliver a borrowed share to the purchaser and the purchaser has two days to deliver the money. However, there could be a situation as in the above case in which a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory at the DTC to cover the net short position. In this case, the broker has sold more shares that it has available as in the previous example in which Broker A is net short 1000 shares at settlement. Prior to the advent of the electronic transfer, if the buyer did not receive his shares by settlement day, they kept their money and undid the transaction. This is not the case under CNS because the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. I will explain later how this can be used to create counterfeit shares.
+
+Each member's position at settlement (T+2), whether it is net short or net long, is known to the DTC. Let's think of this in terms of stock XYZ. If the member is net short, the DTC compares the number of net short positions to shares of XYZ in the member's DTC account to determine if the account at the DTC holds enough shares in it to settle the position. If there are enough XYZ shares in tis DTC account to offset the net short, these shares of XYZ are then sent to the DTC account of members who loaned the shares.
+
+If the member does not have enough shares in its DTC account to cover its obligation, the NSCC will borrow shares through the Stock Borrow Program. This program allows members with net long positions to lend out shares to members who are net short. A Prime Broker who has a net long position in XYZ can put them into the Stock Borrow program. This surplus can then be loaned to another Prime Broker who has a net short position to cover its deficit. Each day, members inform the NSCC as to how many shares they are willing to lend. The NSCC then determines how many shares it needs to borrow from members who are net long XYZ to cover the outstanding shares of members who are net short. Once the DTC establishes the number of shares it needs to borrow to cure the net shorts (failures to deliver) at settlement, it uses a formula to determine how the necessary shares will be borrowed from members who are net long.
+
+When the NSCC borrows shares from a lending member, it credits that member's account with cash equivalent to the full market value of the securities borrowed.  The lending member earns interest on that amount while the stock loan remains outstanding.
+
+Creating Counterfeit Shares through the Stock Borrow Program
+
+There is a loophole in the stock borrowing program that allows for the creation of counterfeit shares. For the sake of example, let's assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let's look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share.
+
+1.  Broker A transmits Hedge Fund A's short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.)
+
+2.  The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal.
+
+3.  Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow.
+
+4.  If at T+2, the Market Maker still hasn't found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B's account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms.
+
+5.  The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC.
+
+6.  At settlement (T+2), Hedge Fund A's account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B's account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned.
+
+7.  Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ.
+
+8.  This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company.
+
+9.  Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO.
+
+If the Fail to Deliver is not corrected, there is another perplexing rub to this situation. Going forward, the NSCC system does not differentiate between counterfeit shares and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares. Also, the counterfeit shares can be voted in proxy issues pertaining to Company XYZ. I will explain how in a later blog."
+
+TLDR on NSCC:\
+OK so broker-dealers have FTDs at the DTCC and they need to 'fix' them. Different cases mean they have different time lines to resolve. The glaring problem is that RegSho just requires these FTD's are 'closed out' and does not specify what that means.
+
+The NSCC has decided that 'closing out' is really just a way of meeting that FTD with a borrow. The NSCC can go to the DTC and 'borrow' pretty much as many shares as they want and re-use them multiple times to satisfy multiple borrows. While they do this they generate very nice borrow fees!
+
+So, it is in the interest of the NSCC to keep the party going! They don't really want to 'force-buy-in' their members... They want to enable continuous FTDs and borrowing fees. The long holders of shares are also making money by having their shares lent out. So you basically have all the participants that are benefiting from this shady system.
+
+CONCLUSION:\
+As it stands the RegSho regulations are riddled with loop-holes that are exploited to no end.
+
+The DTCC, NSCC and DTC are all benefactors of resolving FTDs by using the SBP (Stock Borrowing Program) to generate fees and satisfy member FTDs. Long holders and shorts benefit in this system. Even though the DTCC, NSCC, may be enacting new rules in regards to FTDs, security collateral, margin requirements and such, they are not compelled to cause any stress on their participants from FTDs. If a short is margin called they can just post more collateral (like Treasuries), but their FTDs can basically remain endlessly can-kicked and infinitely reset.
+
+IMO: A MOASS will not be triggered by any regulatory change, rule change OR accumulated FTD or T+magic number settlement (they can can-kick this forever).
+
+The only possible mechanism of a MOASS is a forced-buy-in. The only time the NSCC would opt for this mechanism is if a Short failed a margin call (more collateral required). The only way a Short fails a margin call is if the price of their Short position tips them over. This is the only instance where the NSCC, DTCC and other participants will want to shield themselves from a certain Short Participants infinite risk.
+
+So, how can this happen? Simple! GME price goes UP! Ryan Cohen and team are transforming GME and you bet this is the greatest investment of the decade. These shorts are basically frogs in water and the heat is turning up. No specific time line - Just up!
+
+EDIT 9:30 PM 6/28/2021:Strap in for some wrinkles!
+
+I LOVE this community and the crowd sourcing of brain power. I don't think anything can stop this.
+
+An ape, credit to [whiskerswhirled](https://www.reddit.com/user/whiskerswhirled), sent me a PM that SBP was discontinued in 2014:\
+<https://www.dtcc.com/~/media/Files/pdf/2014/2/7/a7676.ashx>
+
+However, this program was replaced with the [Collateral Loan System.](https://dtcclearning.com/products-and-services/settlement/settlement-services/collateral-loans.html)
+
+" The Collateral Loan Program allows you to pledge securities from your general free account as collateral for a loan or for other purposes (such as Letters of Credit) to a pledgee participating in the program. You can also request the pledgee to release pledge securities back to your general free account. These pledges and releases can be free (when money proceeds are handled outside DTC) or valued (when money proceeds are applied as debits and credits to the pledgee's and pledgor's money settlement accounts). A Pledgee may, but need not be, a Participant. Only a Pledgee which is a Participant may receive valued pledges. "
+
+"The guidelines for using the Collateral Loan Program are as follows:
+
+1.  You can use the Collateral Loan Service function, the Computer-to-Computer Facility (CCF), or Message Queuing (MQ) to submit collateral loan pledges and release requests to DTC. Release returns are also available through CCF and MQ. However, release approval is available only through the Settlement User Interface.
+
+2.  You must ensure that the securities you are pledging are available in your general free account.
+
+3.  When a stock distribution requiring due bills is declared on securities pledged as collateral, the distribution automatically becomes additional collateral.
+
+4.  In the instance of a substantial cash distribution, for which an exchange or similar securities organization would require due bills to accompany stock certificates, for the amount of cash accruing on pledged shares, the Pledgee may direct DTC to pay such funds directly to it as partial repayment of the loan. Otherwise, such funds will be paid by DTC to the Participant.
+
+5.  At any time, the pledgee can direct DTC to deliver pledged securities (demand of collateral).
+
+6.  Voting rights are assigned to you for pledged securities."
+
+TLDR: The Stock Borrow Program just changed to the Collateral Loan System and members are all part of one big club borrowing eachothers stock. Notice how they talk above about what happens in the event of a 'cash distribution' (those are dividends) and it also talks about how record holders still maintain their voting rights even on lent out securities.
+
+So the Collateral Loan Program is where we are now... But what's next?
+
+Enter: Security Financing Transaction (SFT) Clearing
+
+[SFT](https://www.dtcc.com/clearing-services/equities-clearing-services/sft) is just a NEW version of the Stock Borrow Program!\
+" The Depository Trust & Clearing Corporation (DTCC), through its equities clearing subsidiary, National Securities Clearing Corporation (NSCC), is constructing a new model for central clearing of equities lending and borrowing transactions, leveraging its clearing capabilities, risk management and efficient infrastructure to provide the market with a bilaterally cleared stock loan service. The new Securities Financing Transaction (SFT) Clearing service is expected to launch in 2021, pending regulatory approval. "
+
+[Here's the fact sheet.](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf)
+
+TLDR:\
+The Stock Borrowing Program was discontinued in 2014 and changed into the Collateral Loan System, which sounds SO much more serious. This is where we are today.
+
+But the DTCC does not sleep while the rest of the world begins to figure out their huge fraud... They're unveiling a new system, SFT, which is basically all the same things as before but dressed up with a new name.