The Investment Thread
There is no doubt about it...they are using the derivatives to create not only synthetic shares, but to also continuously roll over FTDs.
That said, there is a decent chance that this isn't being done for sinister purposes, but rather to delay the inevitable until all the I's or dotted and T's are crossed on all the new regulations, including the ones that just got recently introduced (NSCC 803 and 010), which basically reads like a procedural handbook on how this unprecedented short squeeze and resulting market crash event is going to play out.
Buy vs sell orders on Fidelity for GME in July. 82% buys.
So every buyer must have a seller right? I think marker makers are still creating synthetic shares via derivatives.
Someone found in the Bloomberg terminal that some entity just shipped way out of money puts (1.1 million) of GME in Brazil. That’s over 100 million shares.
So synthetic shares being delivered to retail that dilutes the price. Plus the short volume ratio of being 75% the last two days is how one of the most demanded stocks in the world continues to see its price erode.
There is no doubt about it...they are using the derivatives to create not only synthetic shares, but to also continuously roll over FTDs.
That said, there is a decent chance that this isn't being done for sinister purposes, but rather to delay the inevitable until all the I's or dotted and T's are crossed on all the new regulations, including the ones that just got recently introduced (NSCC 803 and 010), which basically reads like a procedural handbook on how this unprecedented short squeeze and resulting market crash event is going to play out.