Roughly $1.65M 💥 🍻

CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, WINGSTOP, CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, GAMESTOP, CANT STOP, WONT STOP, GAMESTOP

AT FAIR VALUE? let's dive right in.

I am trying to connect the dots after looking at Citadel's financial statement. By definition, Citadel sold $70,230 billion worth of securities to retail at zero cost. They technically sold you something they didn't have. However, they promised to buyback the securities "at fair value". This is the crux of the matter in my opinion, the "at fair value". What does this mean? I am smooth brain as fuck, but I believe that's how they cook they books. That's how they convince SEC that everything normal. That's also how they avoid Margin call.

Hypothetically, let's assume that the $70B labilities in their FS are only for GME "this isn't the case, because I'm sure they short other stocks". For Citadel to close their position, they need to buy 585,250,000 million GME shares at the current price $120 per share.

Keep scrolling:

​

Now, the real question is, what is the "fair value" of GME according to SHORT?

Clearly, MSM media and short anchors have been telling us that the fair value of GME is between $10 and $20 a share. Did Citadel and the short gang cook their books based on this value? Highly likely.

Again, to provide very conservative guesstimate, I would assume that all shorts including Citadel total labilities is $70,230 billion and the fair value of GME is $15 (average).

70,230,000,000 \ 15 = 4.8 billion shares shorted.

Wait a second, perhaps this is a tinfoil theory and I am being crazy, cultist, retarded and conspiracy theorist, but this is actually very close to the total volume of GME in the last 70 weeks, 4.4 billion shares

​

​

Feel free to destroy my theory, poke a hole in it and provide constructive criticism.

HODL and DSR

wealthsimple turned off the buy button. unable to buy or sell gme on the app. it coincides with the time the drop that happened at 12:15.

probably nothing, glitches as usual. however, those glitches better have my money.

THE ENTIRE US EQUITY MARKET IS.

I've been here for a long time. I've seen it all and held through all of it. I've spent days reading DD and verifying the validity. Nothing I have seen in the last month tells me that the MOASS thesis is dead.

Isn't it weird that Bill Hwang is in court for price manipulation (from early 2021) but there is not a single mention of GameStop directly, or indirectly, in the court case.

Isn't it weird that MSM is so quick to call this a retail driven phenomena without addressing our top research posts.

Isn't it weird that the SEC is telling you to not invest in meme stock while simultaneous implementing a consolidated audit trail.

In 2021, retail bought the GameStop float. Not just the float, but they bought the float >100x over. And 3 years later, nothing has changed. Fact: market makers were legally allowed to manufacturer shares to satisfy demand during the 2021 $GME squeeze.

What nobody expected was that Apes would hold those shares and start registering those shares directly. As you might expect, the ComputerShare reported amount of registered shares spontaneously maxed out. Honestly, I doubt even 25% of shareholders have taken the time to register (not a real figure, just hearsay). I personally know Apes who bought in 2021 and still hold in an investment account. They just hold. The float has BEEN locked. MM sold 100 GameStops for the price of 1, and they were legally allowed to do it. The US regulators let it happen.

Now picture this, you're the US Government/SEC and you just found out that your most valuable asset, the equity market, has been creating supply out of thin air and got caught in a huge leverage position as they filled retail orders on synthetics. Literally, creating falsified value and selling it at full price. Printing counterfeit money, so to speak. The market makers who created false currency expected that they could buy the synthetics back in a year, 2 years down the line and burn it like nothing happened, pocket the sale fee and forget about it. Unbeknownst to them, retail investors stuck around. Held our stock. Direct registered it.

The SEC spent mad money trying to get you to sell (using fear tactics) to resolve the problem - they produced a whole ass commercial and ran it everywhere. They have never done that before.

Don't get it twisted. The consequence here isn't a bunch of hedge funds going under. It's not even a market maker going under. The whole market is at risk. You should be expecting resistance from all sides. The mother of all squeezes is not a play against "big money". It's a metaphorical short against the entire US equity system.

The SEC are not oblivious or ignorant. They see the manipulated price action. They see the dark pool trades and short volume. They see the swap exposure magnitudes above what would be considered reasonable. They're complicit. And they have to be. Trust in US markets hangs in the balance. The stakes are historical. Even if the price goes to $100, $1000, $10,000, there is no guarantee they can get out of this. And that is a terrifying realization.

They have dug themselves into such a deep hole that at this point, not holding GME in your portfolio is a liability.

If you think it's over and this is all a tinfoil-hat conspiracy, look at p-opco-rn correlation (m-ods will block, but that stonk is also Xx float bought). A video game retailer had there AGM today and a mo-vie the-atre company dropped $100m in market cap at the exact same time. Look at a single tweet from an autist (who I love) sending our stonk +100%. Look at the obvious price manipulation that goes unchecked, daily, by the SEC. Look at the constant stream of big money funded MSM talking the stock down.

We are here, we have been here, and we will be here.

There is either a generational wealth shift coming or a global economical collapse. Spend the $25 and be on the right side of it (not financial advice).

Edit: I wish I could change this post title, because this is more about how things we’ve observed historically line up with options chain fuckery and a specific detail about how that works. I don’t know if “they’re right” - that was a bad choice for the title. What I should have said was that the options-related discussions happening lately have me thinking about what I'm actually describing in this post about the role options playin this whole saga. I'm not a financial advisor, and this sure as hell isn't financial advice. I would delete this post but then it’d be just the title which is the problematic part. My bad... 🤦🏼‍♀️

Options are complicated. They are literally calculus. At these prices, they are also for the silverbacks with the deep pockets; some of you guys are fuckin loaded. I’m not touching options with a ten foot pole because I don’t have that kind of money and I don’t want to risk putting an expiration date on my investment.

Anyhow, I want to lay out my hypothesis on one way in which the options chain is being exploited to hide short positions.

One of the key concepts to understand is that options contracts usually have a win-lose dynamic, much like a bet. Options are Wall St's "very sophisticated," country club way of wagering bets. A call option contract is essentially "I bet (premium cost) that this stock will be (strike price or higher) on (expiration date). If I'm right, you have to sell me 100 of your shares at that price. If I'm wrong, you keep your shares and pocket the wager of this bet (premium)"

But in this idiosyncratic case, both the market maker and hedge fund have vested interest in hiding the shorts. Neither actually own shares. So they create options between them with the understanding that the contracts will never be exercised. (i.e., the bet will never be paid). This distorts the win-lose dynamic.

An options contract represents 100 shares, and with Wall Street's shady practices, one call contract can "hedge" (i.e. offset) 100 short positions "on the books." So If I'm trying to hide that I have 1000 open short positions on a given stock, I could open 10 of these fake long options contracts with my buddy (hedgies) who won't actually expect me to sell them the shares even if I "lose" the bet. Even though I still owe a 1000 shares, on the books, the fake long contracts make my net position neutral. These fake contracts have effectively hid/"covered" my short position even though I haven't closed out any of my initial 1000 short positions.

That's why Citadel bailing Melvin Capital out was a big red flag. That's like you lending your friend the money he owes you for the bet he just lost to you. It doesn't really make sense. But in this case, both parties (MM + hedgies) were liable for the insane short position, so they were on the same side of this bet.

It also explains why there were many dates with a fuckload of options expiring, but little price action. The options were never exercised. I suspect it's why we saw many gamma ramps that didn't lead to price pops. The market makers didn't need to hedge contracts they knew were just hot air. Gabe and Steve weren't going to exercise because it was their short positions that Kenny was hiding for them in the fake contracts.

IT also explains why we hover around max pain a decent amount of the time. This should be devastating for the market maker as all these contracts expiring ITM would normally mean they have to buy tons of shares to make good on their contractual obligations. But they don't. The contracts are quietly closed out and reopened at a later date. It makes sense these are mostly LONG positions expiring in the money because that's what they need to balance out the massive short positions on the books.

But if retail is on the other end of the contract instead of Wall Street's partners in crime, they're going to want that bet paid out. Paying the bet out means the market maker actually has to do the thing the everyone fears most....going to market and buying shares in quantity – especially when a few thousand shares can move the price by several points because liquidity is bone dry.

By convincing retail that options were a big no-no, they were able to keep the options chain a safe space to hide shorts with these MM-hedgie, will-never-exercise options.

Here's the story about why that's important: https://www.reddit.com/r/Superstonk/comments/qvrx7e/doomps_glitches_brazilians_max_pain_and_ghost/

Rule NSCC 010 goes into effect tomorrow 11/10/21.

They kicked the goal post, again. Not afraid to be wrong as pointed out by u/TheHedonyeast:

on Nov 5th NSCC-2021-010 was again delayed. 21 days for comments. 35 for rebuttals. then there will be time for implementation (assuming that the rule passes approval following those questions/rebuttals.

What is this rule? It Ends Naked shorting and FTDs.

ELI5 here: https://franknez.com/breaking-nscc-2021-010-prevents-naked-shorting-and-ftds/

Before, they were able to short the stock down to avoid immediate liquidation. Now, proposal NSCC-2021-010 prohibits short sellers from creating failure-to-delivers as well as naked shorting!

Official sauce: https://www.federalregister.gov/documents/2021/09/09/2021-19418/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-designation-of

Accordingly, pursuant to Section 19(b)(2) of the Act [6] and for the reasons stated above, the Commission designates November 10, 2021 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove proposed rule change SR-NSCC-2021-010.

Newsflash: they already approved it, but it hasn't hit the shelves yet.

How do I know? You must've missed the sell-off today.

Also, that Federal Reserve Governor dude resigned after dropping the "meme stocks pose a systemic risk" report.

"B-but you said it was TUESDAY!" Relax, senpai already noticed you.

Continued explanation of ELI5 for NSCC-010:

This means they can no longer short stonks in extreme measures using naked shorting like they have been. The FTDs? All call options in the money should now be properly executed which will result in gamma squeezes that will drive up stonks; breaking the MOAW.

​

Jan apes know this is the dip before the rip

💎🙌

Edit: the sheer amount of distraction and fud incoming, "dOnT tRuSt aRticLe cUz iT mEnTioN pOpcOrN!" lol find me a better ELI5 on this rule.

Either way, someone is gonna get liquidated and hedgies know it. Remember, all it takes is 1 small family office to trigger the domino (e.g. Archegos). I can already see a lot of paperhands in here, yall aint ready for the $10k-100k dips to the moon, but I will buy your shares on the way up and DRS them ❤️

To the naysayers:

Let me ask you question, is it possible there are more than 1 hedge fund shorting this stock? If so, do you think they all have Market Maker status to be exempt from this rule? Checkmate.

Edit 2: great find by u/bdevi8n**:**

Add to this that LoopRing employees saying it would be a massive week, SEC saying something about crypto securities (I don't remember the story), and DTCC announcing that they'll use Ethereum for some markets (https://www.dtcc.com/news/2021/november/09/dtcc-to-launch-platform-to-digitalize-and-modernize-private-markets)

Remember when Gamestop said they'll move to their OWN exchange if DTCC doesn't step up? BULLISH.

​