Wax YO $ASO this week. If $ASO tops $40 on Friday you just might get your retarded gf back from her new bf. APES youre truly retarded
$ASO 🚀 this week
I know wtf you’re thinking, "not another $ASO post".
Well, strap the fuck in, I’m gonna pour some DD into your dirty mouths like a frat boy in summer bash of 18′. This stock is going to fucking moon 🚀🚀🚀🚀
Now look this fucking chart below:
I used Marketwatch data to calculate net ITM open interest for calls less ITM open interest for puts (all with expiration on June 18, this Friday) for several popular ape stocks. Then I divided this number by average daily volume for each stock. Resulting ratio is thus a fraction of an average trading day that is needed to settle expiring “excess” call options this Friday. To make this ratio more evident I multiplied it by 6.5 hours to get the number of regular trading hours needed to cover outstanding excess call options.
Is this table an accurate predictor of a gamma S-word this Friday? There are 2 factors that may influence the accuracy/relevance of the data shown: 1) options data and strike prices are accurate as of today, 6/14. If any of the stock prices and option open interest change significantly till Friday these number might change 2) It is hard to estimate the percentage of the calls (and puts) that are already covered. For simplicity I assume that the percentage of covered options is the same for all stocks. This data then indicates the relative likelihood of upward price movement inspired by option expiration this Friday.
Note that $ASO and $CRSR occupy the first two lines not because they have an extraordinarily high excess call open interest but mostly due to their (relatively) low daily volume. So even small call covering will have profound effect on the price. It is hard to imagine spending 4.5 hours of trading to just cover outstanding calls. I understand that in reality this number will be less due to covered calls but even an hour of trading seems huge.
Buy $ASO while it is currently on sale.
Not financial advice, why the fuck are you even listening to some tard on wsb?
500 shares, 70x 6/18 $35C, 20x 7/16 $35C
basically all-in. I cannot go tits up..
edit1: punctuation because idk how to english
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June 16, 2021 at 05:27PM