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jimmy667

01/29/21 3:03 AM

#351085 RE: biosectinvestor #351075

I think you have a good grasp of most of what is happening but it is I am afraid infinately scarier than that.
This has weekly options. At one point today there were over 173000 ITM call options for tomorrow's expiration that is 17 million shares that must be delivered after settling on today's close, as you know these must be settled in shares not money. Some calls very deep in the money and a big order for 13422 at the $570 strike cost $5 or $500 contact total price $6,711,000 just today at $570 strike. That's not the WSBets traders. But it is all over the market like that all off these overshorted stocks look like that on the call options contracts.
The desperation of Citadel and Apex forcing the mom & pop trading apps the manipulate the trading has an infinitely darker side.
GME and the others haven't squeezed yet but they might today. I have traded options for over 20 years. There has never been a night I could not sleep over it. I do not know if I can sleep tonight.
I think this might be the unraveling of a huge counterfeit market wide stock scheme and these hedge funds may have sold several times the entire outstanding shares over a 100 million counterfeits in just this one stock and the same thing in many others as well. A whole mess of them are likely to infinity squeeze soon like today.
The question Wall Street might be pondering is if they can get bailed out for a huge organized crime scheme that they themselves designed and implemented to steal hundreds of billions.
Did you see the interview of the CEO of Interactive brokers today?
On WSBets they are holding the stocks they are not selling. "We like the stock"
There are millions of small investors that just holding a small amount of the real stock each and will not sell.
Of all the fuss already it has not even begun yet. I like the stock.
I think the same issue might exist in NWBO. If Linda knows about a possible fraud like this it might be good to wait before releasing TLD.
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anders2211

01/29/21 10:26 AM

#351157 RE: biosectinvestor #351075

This situation reminds me of one hell of a short squeeze in Royal Dutch Shell shares in the 90's. Options were just introduced and no one was really taking them into consideration. One observant stock options trader noticed that there were more call options issued than there were shares available that could be delivered, so he started buying in the money call options, big. On settling day the counterparties could not deliver the shares so they settled on a big sum of money, of course much more than the difference between the strike price and the stock price on settlement day.

That was also the last labor day for that option trader.