Lottery Ticket Opportunity Recommendations
@OptionsDelta:
$GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering