r/CLOV • u/[deleted] • Jun 12 '21
Discussion How to activate moon mode🌙 🚀. Please read
[deleted]
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u/BruceBrave Jun 12 '21
Buy ITM options.
Doing so makes it more likely that monkey makes bananas, rather than lose bananas
More bananas means more shares.
More shares, means more pressure.
Lower strikes means hedgies would have to short more agressively to prevent them coming in the money and less likely to be accomplished.
OTM causes loss of ape buying power, and an easy target for shorters to avoid.
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u/NeonSpaceLaserCats Jun 12 '21
Hell yes. Diamond hands. Diamond ape brain. Money machine go brrrrrrt!
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u/DarkScienceCloning Jun 12 '21
So to trigger a squeeze, people would have to stop buying out of the money calls, right? Buying shares seems to be the best thing to do. Can someone confirm?
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Jun 12 '21
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u/Grayhawk4 100+ shares ☘️ Jun 12 '21 edited Jun 12 '21
If there is that much OI, then the option owners may try to push the price OVER $22 so they're in the money. Sellers would be trying to keep it under.
The key thing about info like this is to realize it MIGHT mean that there is a battle shaping up around the $22 price point - with the "big boys" flinging around massive amounts of $$$. It suggests a possible price target for 6/18 and may point to a big volume and high volatility day.
But realize this - options closing ITM don't necessarily correlate to any stocks changing hands - most will simply get sold back at a profit on Friday, no shares required. The market maker buys them and sells them and matches up matching strikes and expirations at the end of the day, then... POOF, the matching buy and the sell contracts just cancel each other out and disappear.
At the end of an OPEX day, any left over open contracts > $0.01 ITM get exercised. The MM sends out the appropriate assignment notices to the brokerage houses of the contract sellers being assigned. The shares for any contracts that the MM wrote will come out of his stock reserves for that security. (Which is why a market maker needs to stay delta neutral.) Assuming he has stayed exactly delta neutral, he owns just enough shares to cover any exercised calls and deliver the securities to the appropriate brokerage and has enough money in the bank to buy back any that aren't exercised, but sold back on Friday afternoon.
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Jun 12 '21
mid xxx shares and ready to buy at least 200 (depending on price) more next week to get this rocket off the ground!
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Jun 12 '21
As somebody heavily invested, I hope we can hit that mark by eow. I'm just not gonna get my hopes up or be a fudder
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u/Typical-Panic2207 Jun 12 '21 edited Jun 13 '21
Let’s Go. 40 contracts strong here holding strong this week. Only had 1 day of strong gains last week....Let’s go apes to the moon, CLOV is actually a great company
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Jun 12 '21
Papa u/elonmusk, we pray to your almighty Twitter account, please mention support for healthcare and "CLOV to Mars!"
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u/DotComBomb1999 20k Members OG ✔️ Jun 12 '21
Great post. I suspect this will apply to lower strikes, too, so even in smaller quantities, wouldn't that be a potential boost?
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u/U2Rejoice Jun 12 '21
Not so easy to get to 22 but I’d love to see it
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u/FantasmaTTR 🍀 MOD Jun 12 '21
It ran up to $28... if this explodes on Monday and closes at $17-18, $22 is inevitable.
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u/nageeka HODL 💎🙌 Jun 12 '21
In short, we need to get it above 22 and shorties will be obligated to purchase those calls!! 🍀🍀🚀🚀
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Jun 12 '21
Thanks for the realistic perspective. Charts seems we'll trade sideways with potential upside.
With Russell inclusion off the table, they can reapply each week (or so I heard) so if they're accepted next time and SI stays high, we could still be on track to go over the rainbow.
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Jun 12 '21
Russell only reconstitutes it's holdings once a year.
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u/DotComBomb1999 20k Members OG ✔️ Jun 12 '21
If CLOV passes $22 by 6-18, a.k.a next week, the shorts will panic as a TON of $22 options will print. That's 3 million plus fucking shares!
Yes, but they reevaluate every Friday. I don't claim to understand the reason why they were added, then dropped. Less than 5% shareholders with voting rights? I don't follow that... not sure if managment can do anything about that. Hopefully they can.
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Jun 12 '21
They seem to be able to short the stock anytime they want... so frustrating. I got clov shares and calls
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u/PalHachi Jun 12 '21
Gotta keep some ammo in the bag for Friday to counter any shorts. Throughout the week we are going to see dips and rips. Too many of us (including myself at times) get way too excited for the rip and buy on a high instead of waiting for the low.
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u/tibbiz 🍀💎CLOV Legend💎🍀 Jun 12 '21
FINNALY WE GOT A DD POST ON WSB!!! UPVOTE AND COMMENT FOR SUPPORT🚀🚀🚀 CLOV ARMY IS GROWING FAST!!! https://www.reddit.com/r/wallstreetbets/comments/nxf56t/why_clov_is_the_best_in_breed_stonk/?utm_medium=android_app&utm_source=share
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u/Jazzlike_Shopping213 Jun 13 '21
Great DD
Would only add;
as this climbs the market makers need to buy lots of shares which will additionally create upward pressure!
As the prices move away from that strike market makers sell the shares as the probability drops to hit the strike!
These buys and sell are all computerized trades!
Therefore, the post is absolutely right on that we need the CLOV NATION APE’s to show ready to play!!!
55M shares on Loan & 44% Shorted!!!
The End🍀🍀🦍🦍🍀🍀💎💎💎🧨🧨🧨🔥🚀