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GME: Reason to buy this dip

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MoneyMaker111   Friday, 03/05/21 02:14:06 PM
Re: None
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GME: Reason to buy this dip

Looking at the charts from last week, the spikes in the price directly correlated to options being exercised at the $55 and $120 strike price not to mention the volume increase due to FOMO and hype. Comparing last week's data to 3rd march option chain:

The open contracts at $150 are alone worth more than last week's.

567k shares at $150 = $85Million

2.57M shares at $800= $2.06 Billion


Please note the strike prices mentioned above are OTM currently and have been taken for comparison as per speculations if the stock price hits $150 by EOD today (friday).

High Calls OI coupled with increase in stock price shows bullish sentiment, this is reinforced with the increased Implied volatility for the options. Open interest at $800 is huge.

We might see a similar domino effect as calls could be exercised if they become ITM when the stock price reaches $150 that will ultimately push it to $200+ and so on.

Don't miss this once in a lifetime GAMMA squeeze. I'm just looking out guys.

$GME
#GME

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