$GameStop(GME)$ finally shorts

$GameStop(GME)$ finally shorts bought put options after they hedged so much with call options to short stock as a result they took profits from call hedges and bought puts but lets see they still paid about 10-20%

so they will need a move of 30-40% at least to break even.

assume they took call hedge profits to roll into puts lets watch.

may 17 is the golden week quad witching. the shorts have not hedged past the month of may at all.

well maybe a bit for June but that's it. a far far cry.

this is mildly entertaining.

was proven correct except I didn't anticipate so much action as honestly just expecting more max pain slowly upwards but seems like they want to juice the IV up.

congratulations to call buyers before the run.

as for shorts hope you lost everything.

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