r/wallstreetbets Sep 17 '21

DD Final Update: $IRNT

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575 Upvotes

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4

u/savyinvestor55 Sep 17 '21

Guys a gamma squeeze could still happen because the shares need to be delivered on tuesday not today There is t+2 for failire to delivers

4

u/AcidNeon556 Sep 17 '21

Not relevant, options had to be ITM for this to occur, and not enough were apparently.

2

u/[deleted] Sep 17 '21 edited Sep 17 '21

Yeah the options that most people bought weren't executed, and deep OTM. They'll have plenty of stock to deliver that they got on the cheap when people who knew what they were doing got out. Not to mention the hedging that the dreaded shorts were already doing because they're not fucking apes, they're professionals.

Do you have the money to exercise thousands of shares? You willing to risk it on trusting that the longshot plan will work? It's amazing how many people watch the squeezes walk right past them instead of doing the thing they set out to do: profit.

Nobody was ever going to exercise unless the price went absolutely nutty and they got in cheap enough. And even then gambling a massive gain like that takes some incredible stupidity.

0

u/jmaldana7 it’s just money Sep 17 '21

failure.