$GameStop(GME)$There are no paper hands.
4000 puts were purchased last Friday. 1000 of which exercised to drive price down on Monday close.
Today we most likely will see the remaining 3000 exercised to drive the price down even further through the day.
Why today? $9m worth of ITM calls. If it closes above 250, we may see a small gamma squeeze. That, and that the last 3 days of trading may be abovemax pain for short HF. If the prices don’t go down today, they may fail the margin call. Margin call gives T+3-5 days to cover.
DISCOUNT DAY.
Not financial advice.
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