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Gamestop

GME vs GEXYou may have heard about this greek called Gamma. If you haven’t, I’m not going to talk about it much except to tell you that it's important. I told you I would do something special for my 1yr GME anniversary, so I took to coding up a Gamma exposure tool (GEX) that I will be giving out for free once I get it tested next week. The tool is simple enough but will provide GME traders with some important levels. The levels are based on Gamma exposure from options and identifying where gamma flips from negative to positive. It's nothing new, but access to an entire Options Chain and being able to calculate the gamma exposure is something most alpha providers hide behind a paywall as some secret sauce to get you to pay for a subscription. That's not me. I think all information regarding a stock should be accessible to everyone, particularly the less wealthy traders like us gamers. Why is GEX important? Gamma exposure is important because it acts as a driving force for underlying assets. That is to say, when a market maker's exposure to an asset is overly positive, the dealers will sell into a rally and buy into dips, inversely, when the mm is negative gamma, they will buy into a rally and sell into a dip. It’s safe to assume once the mm exposure to that asset is negative like it is with GME below 140 gamma flip, you’re likely to get more volatility. Usually this gamma zero acts as a type of support for an asset, but if you have been living under a rock, you may not have heard the shifting sentiment in the marketplace moving to a more risk-off appetite. It's why you see shares of VIAC rising and our beloved GME breaking the gamma zero support and turning much more negative. The bad news is, there is a rather large negative exposure to GME at 100, something to the tune of -1.6million that seems to be the likely drawdown. I still need to verify my gamma exposure numbers and make sure I’m not missing anything. Something tells me the ETFs that include GME may offer some more gamma exposure I’m not seeing. Either way, next week I will open-source the code and publish the tool/data to be verified. I will then attempt to make sense out of ETFs affecting this recent drawdown. As always, not financial advice. I’m a meat popsicle and…
NYSE:GMELong
by SPYvsGME
7
GME - Idea Nr. 2As the last GME trade worked out nicely. () My next plan: Scenario 1 Planning to buy tmrw some GME. Target is the recent high (25.08% from the current price) No Stop- Loss. Will hold longer Scenario 2 Buying more GME at the s/r level (blue line) if price should fall lower. Same target as scenario 1. No SL aswell. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor. Thanks for reading! trader_se
NYSE:GMELong
by UnknownUnicorn1541497
1
GME: Second Time Lucky? GME - Short Term - We look to Buy a break of 162.00 (stop at 134.00) A move through bespoke resistance at 160.00 and we look for extended gains. Posted a Triple Bottom formation. 140.00 continues to hold back the bears. Previous resistance located at 250.00. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 246.00 and 290.00 Resistance: 160.00 / 200.00 / 250.00 Support: 140.00 / 130.00 / 120.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMELong
by Saxo
2
$GME - 1 Month to the next bull runNot financial advice. The next cycle is coming soon. Whilst there might be some movement before the actual cycle itself, the actual 90 day GME cycle is supposed to happen next month February 22 and generally +-1 week around that date. The conditions are 100% the same as last year's January's with the option CNS Monday 21 2021 being a holiday just like it was last year in January 18 2022. The conditions are identical in this respect but it's unknown if the result will be the same. At the least, during the cycle there will be big bullish movement as there always is. Option IV's are already through the roof, i'm not buying into this one, but i'll laugh when there's a big price run & the IV's are in the 175% for ATM options
NYSE:GMELong
by leenixusu
10
GME Year ReviewJust about a year since gamestop so I thought I would update my visuals and post my charts for GME in review. My first chart was June 8 and I was learning how to chart triangles. The next chart I created was another sym triangle breakout. you can see how well that 250 price was a hard resistance. I started to expand my chart analysis to Wyckoff and found a good sense for why stocks move. Then I began reading Michael Lewis books and started having fun with the SPYvsGME persona. And reading a lot of reddit and following the back n forth on twitter. More fun with charts and what was currently trending After that I spent a lot of time trying to figure out how the markets move and how options were driving the wild swings in stocks. I was going through some frustrating times at home and leaning to the dark side By December I was hooked on trading, analysis and starting to have fun. I don't do much analysis on GME any longer because I mainly trade SPY options & ES futures and learning about macro analysis. That's it for 2021. I really enjoyed my first year in trading. I hope the gamestop anniversary (Jan27th for me) is a prosperous one for everyone. I'll do another chart analysis for GME later this month and give a prediction for the year. Safe trading everyone!
NYSE:GMELong
by SPYvsGME
6
$GME JAN PUMP starts next Monday!oh hello hello hello there my fellow GME CHADS! I expected price action to be flat (-/+5%) the past two weeks, and i still think that is possible if we have another up day tomorrow. I originally anticipated the start of the Jan Bull Cycle to begin on 1/10 and nothing has changed that! If anything, the aggressive shorting made me even more bullish for the PUMP!!! Remember buying fear is the way to go and right now the bears and MM are tryna install a lot of fear in us GME CHADS but as GME Diamond Hands CHADS we dont sell or get fearful, we buy the dips!!! This was a wonderful dip for me as i loaded up on some $160 calls that are gonna turn into lambos after this GME JAN PUMP!!! Buy your moon tickets now CHADS and remember the shorts never closed!!! NFT MARKETPLACE, 0.5$ puts exp soon, DRS!!! Lots to be excited for this coming year my friends.
NYSE:GMELong
by FibTriangleWavesForDayz
2