r/StockMarket - $100MM of DEEP ITM GME CALLS have been purchased since 3/1(Monday)

Good Afternoon my fellow tendiemen,

I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by u/tapakip.

(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) https://imgur.com/a/8ZCd3b9 = 3415 calls

(3/2) Tuesday same exchange another $20 million in deep ITM calls https://imgur.com/gallery/Qp2phEm = 1800 calls

(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21

https://imgur.com/gallery/Z05Vqmg = 4210 calls

In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.

Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn’t someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn’t a bullish sign then idk what is.

We are in good hands now APES

P.S. if I’m right my wife’s boyfriend says I get to sleep inside

🙌💎 DIAMOND HANDS 🙌💎

Not a financial advisor blah blah you know the deal

Edit: Thank you for the awards, comments, and upvotes you kind APES

Edit: We must be onto something b/c the waves of Shill downvotes coming in. Don’t let them win! Also y’all are maniacs with the awards