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$GME - November 2022 run, keep it shortThe 2022 November quarterly GME run is here. I'm looking at my indicators to see whether we're gonna have an Opex or Nopex. 2/4 of my indicators tell me that it's a coinflp between an OPEX and a Nopex. Sorry, i know this is not what you wanted to hear, but... 1) Indicator 1 - Swaps (Negative) Swaps on GME the other peripheral stocks like AMC/BBBY/XRT are minimal as usual... This means that there's no swap based volume support for this rally and that it's possibly all moving just due to dealer hedging for 0 to 1dte options for this big Opex. TLDR: Swaps say there won't be a big move up next week. 2) Indicator 2 - XRT Put OI Drop (Positive) According to a source who has his own indicator based on XRT's Put OI where if the OI drops on certain dates, it indicates that a run is coming soon... he says that the Put OI drop has occurred and that we're up for a run. This indicator has worked for him 2/3 times so far, so his indicator is positive for this run. We had a previous Nopex where the indicator strongly showed we're due for a run but we instead dumped. 3) Indicator 3 - Market Opex Behavior (Mixed) There's a certain behavior the market does during Opex which strongly indicates whether it's an Opex or Nopex. -We dump for the second and third week of the month (Sorta happened) -Near the end of the third week (this week) there's a magic market recovery on Thursday and or Friday (Happened) -Vix starts to drop on Friday (Happened) This indicates extreme confidence for a run next week. It's one of my strongest indicators. However, in the previous run for August and the one in May, what has started happening is that the entire market is that some big names in the market pump on the first couple of weeks of the month, then they dump and while they're dumping, some of the other less known memes are pumping in the second week. On the third week, GME the main memes run for 2 days indicating something will happen next week, but then as the weekend passes and Monday comes, the market dies and it dies all the way into the next month for 15-20 days. 4) Indicator - 4 MSM Behavior Basically the current market gives me no choice but to buy a few calls for next week for GME, then i need to see if the MSM will tell us all that the world is ending on Monday with Monkeypox(Where did the marketing team on Monkeypox go btw?) or an ICBM from North Korea or something about inflation suddenly being super serious during the weekend, then it means they want everyone to sell and this we're in for a GME run and price pump. If there's no reports of world ending events, be scared and dump your calls. 5) Indicator 5 - OCC Hedging Loans The OCC shows how much collateral is being posted for short positions. Basically if there's gonna be pump on Monday, there will also be an increase in the OCC's Hedging Balance for certain stocks. So far the data shows a small trend upwards as of a few days ago, but it is unconfirmed as it's still a really small curve. The big data comes out tomorrow because the OCC data is EOD data for today, and so we'll know then if someone's doing something next week. 6) Indicator 6 - Borrow Fee The OCC hedging loans & the borrow fee go together. If one increases, the other will increase along with it and this indicates that we'll have a massive pump next week. The borrow fee has increased a little bit but not enough to indicate a run. Also the OCC hedging balance has not increased yet to indicate a run. Again, must wait to see how today develops. The prudent action here is to get calls first, ask later (Chukumba) Lastly Keep in mind that if we do run up and not down next Tuesday, the initial spike is usually the biggest e.g it's all downhill after that. If the spike isn't big enough for the day, it means that the run isn't on next weeks' Tuesday, but the week after. You have to adjust your strat accordingly. These cyclical runs behave in a certain way that i've been watching for the past 2 years now. TLDR, i'll update this post with new comments of what's up over the weekend and on Monday to tell you if we're running or not. Conclusion I think the market's gonna dump and that we're seeing some pumping today is because of heding requirements for 0 day to expiry options. There will obviously be the usual price pump on SPY and many stocks 15 minutes before close as brokers pre-emptively close people's expiring options which will cause a tiny pump, but i think that's all she sang. I need to see today's EOD OCC data to be able to say that we'll have an SLD Opex next week and not a Nopex. So far i'm negative for a successful opex, but i have to grab a few calls to be in just in case. Also keep in mind FTX just fell and if it was reaaally being used for locates, then this opex could be insanely good unless they have a temporary stopgap for now. The reason why i didn't want to mention when the cycle may occur in my last post is because people buying calls on the day of the pump MAY (unconfirmed) cause price suppression due to hedging requirements and may be why our SLD/Opex runs are so weak or inexistent. Alternatively the reason i believe more likely to be the reason for diminished Opex/SLD runs is because of the successful campaing on Reddit to make people not buy options over time. No option buying, no dealer movements, no price movement. Again, equally, it could all be because everyone DOES buy calls & hedging those on the dealer side is what screws us. Regardless, this last of part in my conclusions is more close to theories and tinfoil than something you should listen to i think (Up to you really). I wish you luck on whatever you decide to do. I'm keeping my long puts on most of the market and some straddles i have on other names like BRK.B & RBLX. For GME i already bought a few calls a few days ago on low IV and i'm hesitant to get more at this point with this IV jackup, but i might grab a couple more... i dunno. You can bet ya that CC sellers will take advantage of this IV and will sell CC's into it... so be careful, don't go nuts on this cycle. Until next time regards.
NYSE:GMELong
by leenixusu
4
Upstart Holdings - Reddit Is Not Your FriendI came across this stock because of a Wall Street Journal article focused around some meme traders who were holding bags and bullish despite being on the cusp of a recession and a colossal market crash. So I started to take a look at it. Fundamentally, UPST is down a lot, like all the other r/WallStreetBets and Reddit cesspool pump and dumps. From the description, this stock sounds like one of the many crypto ponzis, except it trades on the NYSE instead of FTX. This chart is complete only with monthly bars and a small note for a reason. Look at the monthly bars. It's already at an all time low. You really need to zoom out and understand the macro situation when you trade. Otherwise you're just gambling. Just trying to get rich quick. Trading is self cultivation and you need to take it a lot more seriously, or you'll destroy yourself. UPST isn't going to bounce. It's going to $0. Reddit is something you should stay away from. There is a heavy Marxist-Leninist faction there. Additionally, it is not a social media site. It is a social marketing and social influencing site. You think you are looking at other users organically talking to you, but you're really looking at a botnet and a public relations firm who are bringing in dead money to buy whatever bags the advertisers are paying them for. Anyways, some scary signs on this stock are: Earnings are August 8 Dip to buy was granted on July 7 Reddit posts like dude with 79,000 shares and a "2.27M bet" on UPST appear A number of other chatter appear on Reddit around the same time using reverse psychology encouraging bagholders to HODL Chatter about shortsqueezes Company had a good earnings in May and fell 35% because it "slashed its outlook." Q2 earnings were pre-released also around July 7. They're not good, which generated the dip. Week before earnings it starts to pump, which takes out short sellers Maybe you think that it will rocketship up because it's down so much Anyways. You should know that nobody on Reddit wants you to be financially secure, wealthy, happy, and rich. Instead, they seek to bankrupt you, corrupt you, and have you destroy your life while you hold their bags. For example, a few months ago, the London School of Business analyzed options trading data using OPRA codes that allowed them to pinpoint retail activity. They found retail lost $5 billion trading options during the biggest bull run in stock market history. Much of the losses were correlated with times that memestocks were being promoted on r/WallStreetBets. The promotions started when things were already up, so you'd go buy calls on HOOD, it would dump, you'd lose all your money, they'd laugh at you and then go to the strippers. Google "WallStreetBets and Gamestop Crowd Lost $5.27 Billion" and read the study yourself if you don't believe it. Be careful.
NASDAQ:UPSTShort
by LordWrymouth
11
$GME rare opportunity 👁‍🗨 *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Here @SimplyShowMeTheMoney we strive to educate our traders on the importance of being able to recognize rare occurrences in the market structure on a chart. Today GameStop $GME presented us with a rare opportunity in its structure that my team simply could not ignore. We watched $GME open at 12% and shoot up to around 20% before retracing all gains back down to the negative 1 hour before the final bell. This comes as we enter a busy earnings week with a 2-day fed meeting that begins tomorrow and numerous data reports that could ultimately dictate the direction of the feds and the market. $GME is no stranger to making headlines. With midterm elections right around the corner we wouldn't be surprised if $GME made a ridiculous move in either direction. My team was able to secure shares of $GME at $28 while it was red this afternoon. We have an automatic stop loss set at $27 due to the obvious risk factors associated with $GME. Entry: $28 Stop loss: $27 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:GMELong
by SimplyShowMeTheMoney
4
WATCH GME AND THE MEME STOCKSHere's my GME chart. Election week has potential to explode. If you can, a nice buy zone is forming right under $26. I'd say the max upside is $64, but momentum could carry it higher. I'd still recommending exiting at $64 if it were to get that high (unlikely scenario) Realistically, $25 to $31 seems to be a nice trade window, with the potential to trade the extra upside if it were to keep going. stop is around $21 I feel this movement will be quick when it happens.
NYSE:GMELong
by nicktussing77
1
$GME - Nov 1 Single Day RunThe first Tuesday after monthly options expire there will be some price movement for the entire market due to option T+1 and Share T+2 settlement from Friday's monthly expiries. As always, this will probably be a single day event. There's a possible downside of $19-21 before anything, or this may be the bottom, up to you to decide. I only know that there will be movement on Nov 1, no idea what happens before or after that. I don't know if this is the correct buy in area, i only know the price goes up on Nov 1. If i knew what happens beforehand i'd be rich. I'm more confident in the 1'st of Nov than i am for Nov 22.
NYSE:GMELong
by leenixusu
40
Towel stock will have a glorious bounce. Good entry area now.OBV hasn’t even came close to falling back to its previous lows before BBBY’s run up in July/August. In fact.. OBV hasn’t even broken down resistance.. it’s still holding a pretty strong bullish signal and share price is below previous lows in July.. Certainly share price is undervalued on the technical side. Check out my ideas on GME because these stocks tie together in my personal opinion. NOT FINANCIAL ADVICE
NASDAQ:BBBYLong
by Trexarch
2
GME: T+69 is Back! Huge Upside! Hello everyone, Welcome back to yet another technical analysis. T+69 has only failed once and that was Friday, Jan 7th, 2022 and all the other times it was successful. Although I considered it a failure, we still saw huge volatility that day with a high of $40.08 ($160.32 pre-split) and a low of $33.13 ($132.48 pre-split). This cycle, historically, has been the most accurate and it looks like we're heading into another 69 baby! Are we going to see similar events to Jan 7th or are we going to see a huge upside the week of Oct 10th - 14th? Let's take a trip down memory lane and look at the last T+69s: After the events that unfolded on June 8th, 2021, Friday, Aug 19th-Aug 24th 2021: +50.55% Friday, Oct 29th - Nov 3rd 2021: +43.65% Friday, Jan 7th, 2022: (Depending on how you look at it) -17.35% Thurs, Mar 17th, 2022: (The week of RC and friends buy-in) +157.04% Weds, May 25th - May 26th, 2022: +71.23% Tues, Aug 2nd - Aug 8th, 2022: +49.22% Mon, Oct 10th - Oct 11th, 2022: ??? Analysis On the daily, it looks like we're heading into a death cross. The question is will this be another successful one or are we going to test it? Tiny gap to fill at around $25.42 and if we happen to fall we should see us filling another gap at $22.44 (visible on the hourly) and another fall below results in us touching a potential double bottom at $19.50. If successful, should we break the above resistance, we should see filling the gap at $37.30 and $40.27 and the off chance finally closing the gap that was left at $73. As always, not financial or sexual advice. I eat crayons for breakfast and can't read.
NYSE:GMELong
by SierrasTrades
8
Gamestop to breakdown from a descending triangle.GameStop - Intraday - We look to Sell a break of 23.28 (stop at 24.72) Daily signals are bearish. Price continues to trade within the triangle formation. The bias is to break to the downside. Support is located at 19.50 and should stem dips to this area. Our outlook is bearish. Our profit targets will be 19.66 and 18.66 Resistance: 27.00 / 28.00 / 30.00 Support: 24.00 / 23.50 / 22.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
1
GME moment of truth -- will the Algo break the trendline??GME algo is in full control, as you can see from the two upward blue channels that follow with a sharp drop. The good news is that the upward orange trendline has held on 3 separate occasions now -- Feb '21, May '22, and Sep '22. This signifies that while the algo remains mostly in control, the lows aren't as low as they could be because DRS diamond hands are holding the line. The moment of truth will come within the next couple weeks, as the algo goes for the "mega drop", similar to what we saw in January when we went from $40 to $20. If we're lucky, we will mimic the movement of April '20 before the sneeze, where the price temporarily dropped below the trendline and back into it, igniting the squeeze in just a few months. So I'd expect a quick drop below the channel to the $15-20 range and back into it shortly thereafter. If this happens, MOASS is most definitely imminent within the next 3 months. However, if it doesn't bounce back into the channel, MOASS would be delayed and a new trend would most likely take shape over the next 6 months or so before we can make any real judgement. At that point, we'd be totally dependent on DRS numbers sucking out liquidity before we saw anything really reminiscent of MOASS.
NYSE:GMELong
by bouncytrades
3
$GME - Maybe somethingHi all, Don't get your hopes high, as of a couple of weeks now GME, XRT and those other basket stocks have been seeing a few swaps with a higher than usual cost. Typically when this happens it means something's going to happen within 5-15 days at least according to me. For example when we were dropping down like a brick to 24, there were no swaps above $1 mil, suddenly since a bit over a week now swaps are picking up a bit with some >$1m swaps indicating a small buildup of something. The amount of $ spend on swaps is not anywhere close to what happened with other runs which might indicate that we're in for a tiny run. It's a bit unusual for GME to see larger or equal amounts of $ spent on swaps than what is spent on AMC. Again, the amounts aren't insane compared to other runs, but are still indicative of a bump incoming. Please note that random Powel announcements, CPI bs or random intentional scares can always happen and will always be the perfect excuse to just ram the market into the ground on the market's most bullish days and especially Meme Stock run days. I think the current price action and what's to come is mostly retail (thetagang) dipping their feet in now that they know the quarterly playbook and know when to sell and not sell puts. Another part of it is hopefully last month's settlement being deferred somehow to September like what happened with February 2022 where a tiny run happened but most was deferred to March, that or settlement ocurred during the mega dip of August. Anyway, i think this is mostly thetagang's doing as i've seen them tell each other to wait before selling calls or puts etc which indicates they now understand the playbook and might be affecting everything. All in all, Sept looks weak for a run. If there is one, i think it'll be weak-ish like $31.4 kind of weak. March seemed weak too and then it blew up, so you never know. Keep that in mind. I don't think anyone expected March to happen and that's why everyone was caught off guard and the price managed to run that high. Will be interesting to see what September does. Here's some swaps from the past ~5 days ish that are slightly unusual. -GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:430119421 -GME $27.62532679 QTY:100,000 Cost:3,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:428544542 -XRT $67.34842157 QTY:280,000 Cost:19,000,000, Trade:NEW-Amendment Expiry:2032-06-04 PreviousExecutionDate:2022-06-02 ID:428543151 -XRT $100 QTY:30,000 Cost:2,000,000, Trade:NEW-Termination Expiry: PreviousExecutionDate:2021-01-04 ID:428420120 -GME $36.83376914 QTY:120,000 Cost:4,000,000, Trade:NEW-Amendment Expiry:2026-11-13 PreviousExecutionDate:2021-11-10 ID:427892329 -GME $43.86061112 QTY:51,000 Cost:2,000,000, Trade:NEW-Amendment Expiry:2023-01-25 PreviousExecutionDate:2021-12-21 ID:427891743 -GME $19.97363499 QTY:35,000 Cost:1,000,000, Trade:NEW-Termination Expiry:2026-05-28 PreviousExecutionDate:2021-06-01 ID:427790074 -GME $29.69945297 QTY:79,000 Cost:2,000,000, Trade:NEW-Increase Expiry:2023-10-09 PreviousExecutionDate:2022-06-22 ID:426806358 -AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:NEW-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517030 -AMC $15.00000004 QTY:180,000 Cost:3,000,000, Trade:CANCEL-Trade Expiry:2023-09-07 PreviousExecutionDate:2022-09-07 ID:426517781 -XHB $999,999,999,999,999.99999 QTY:1,400 Cost:87,000, Trade:NEW-Termination Expiry:2029-07-17 PreviousExecutionDate:2021-11-17 ID:428511808 I only track XHB because it has a strong relationship to XRT and this monstrosity appeared. Hopefully a clerical error. Anyway if there will be a tiny price bump, it may occur on Wednesday-Thursday next week which is almost exactly 15 days from when some pretty large swaps were filed for KO and BRK.B (The "indicator" stocks) Really, the larger than normal swaps started being filed starting on the 2'nd of Sept up to the 7'th. So the +15 days window from there starts on the 14'th of Sept to the 23'rd ish for a run. -KO-COLA $62.00322181 QTY:3,000,000 Cost:170,000,000, Trade:CANCEL-Trade Expiry: PreviousExecutionDate:2022-09-08 ID:426490917 -BRK-B $249,999,999.49352237 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424583559 -BRK-B $249,999,999.85039584 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424584248 -BRK-B $250,000,001.20846061 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2023-07-10 PreviousExecutionDate:2022-09-06 ID:424622634 -XRT $66.44628649 QTY:64,000 Cost:4,000,000, Trade:NEW-Increase Expiry:2023-03-02 PreviousExecutionDate:2022-08-16 ID:424624284 -XHB $62.95258534 QTY:95,000 Cost:6,000,000, Trade:NEW-Partialtermination Expiry:2023-01-04 PreviousExecutionDate:2022-08-26 ID:424578934 -XRT $66.66666691 QTY:130,000 Cost:8,000,000, Trade:NEW-Trade Expiry:2023-01-04 PreviousExecutionDate:2022-09-06 ID:424579433 -KO-COLA $45.75033764 QTY:5+ Cost:250,000,000+, Trade:CORRECT-Trade Expiry:2022-10-26 PreviousExecutionDate:2022-07-26 ID:422184202 I'm too poor to play this, but by all means feel free to keep an eye out for it. Not gonna mention the next more significant run date as i don't want thetagang and others to pick up on it, a man needs money... None of this is financial advice, i'm not a financial advisor.
NYSE:GMELong
by leenixusu
21
Revisiting my prior theory on creation of GME FTDs through TTTHello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself. Kenny G, ain't no stoppin' me. Cant stop. Wont stop. GameStop. Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I'Il inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you Check out my other great topics about this same idea. GME to the moon Not financial advice. Also I'm 100% on my calls so far, in terms of success, if that means anything to you analytical people. Further explanation in comments.
NYSE:GMELong
by Trexarch
9
Revisiting my theory on GME FTDs creation through TTTHello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire topic stands. If you wish to read my extremely detailed ideas and rant topics then feel free to somewhat educate yourself. Kenny G, ain’t no stoppin’ me. Cant stop. Wont stop. GameStop. Just sold my car for more shares, I bike to my chemical warehouse job where I work 80 hours a week at. I’ll inhale cancerous products 24/7 just to fuel GME fractional amounts if it means cell one day. You give me power Kenny G. Thanks you Check out my other great topics about this same idea. GME to the moon Not financial advice. Also I’m 100% on my calls so far, in terms of success, if that means anything to you analytical people.
AMEX:TTTLong
by Trexarch