AMC & GME & MULN RIPPING πππ
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
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Dumb Money w/ Matt Kohrs
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#Stocks #DumbMoney #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
So, oh brother, brother brother, let's do this things, apes, man, oh man, are things ripping game, stop currently up 27 amc up 14.4. Prague is up 13 and tesla is up 7.4. The apes are stoked today. The stock market, the crypto market, the futures market, the options market is rippity, rip, rip rip city.
Hence why we're starting a little bit early today, if you haven't already help me out, destroy that like button, let's get the apes in here for a party and speaking of a party, let's get rocking, let's get a little bit rocking today and i eat crayons every Day with my friends, i think about kenny in his ivory tower shaking in his lilly bones, as the eggs of a power must suck to lose two monkeys so dumb. But you made your bed and you got nowhere to run i'd love to be a fly on the wall when he makes the price fall and he's watching as we keep on more. You forgot we're on the floor 2 hours, it's time to leave money, double digit, iq, tendy, love and bamboo right here we got more smoothies than a jumbo juice. Probably thought you coulda made a sell all the good in hell we maybe wouldn't, but we must handle the boot of the floor.
Six figures: ain't selling for less. You took on the ape nation and you're fucking with the best we hope for each other. My sisters and my brothers, the fighters and the lovers we don't need another fan because we huddled through hard times. What's money going to the moon, don't be mistaken, the apes won't be shaking or breaking because we're going to the moon date very soon, going to wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter swimming pool.
Champagne, every day, hey fam what you do wan na hang wan na chill. Oh you got ta. Imagine two! Oh that's right held them tight, jacked titties! Every night we was in way back when they tried to chop it down to ten henches. Couldn't come for him! Ace was strong until the end.
Now, let's pretend shit to tell they'd be sweating had enough of these villains, but the eggs we rebellion cause we never be selling till. We send it to heaven. Now we be out of yelling, hey screw, you kenny. I want my wife, a minivan to share with the boyfriend, but i pull up in the band's plate, saying olive cranes going on an airplane, don't think we'll be back again celebrating every day like it's, your birthday screw kenny cause we're holding our foot in life.
Getting damn teddy so soon, but we mistakenly ace won't be shaking or breaking because we're going or breaking because we're going to the moon, today's expectation probably more manipulation. F.U.D, a creation of a crooked operation bought more while it was low, got more dips in trader joe's. Oh, you thought that we'd, let go what the hell you take us for. All of you can spend your last dollar on bananas while living in squalor.
We don't claim to be scholars, we the smooth brain dummies and we never stood taller yeah. We do this for love and we do this for our honor. A follower. 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s. Oh hell, yes, gon na, send it into space, go fire up the jets done. My dd call me out and john rocket man. This is the way gon na be girl, yeah, it's ground control.
To make your time we bout to have liftoff call us neil eight strong, gon na keep holding on screw kenny cause we're holding off, don't be mistaken. The ace won't be shaking or breaking going to the because what a session, what a session look at tesla rippety, rip, rip city, tesla, 7.7, prague rip this morning, holding strong currently up 13.5, you have amc coming up at 14.2 trading, just above 18, 19 has been Big resistance - that's work out smack thus far, but remember. We still have about 50 minutes of trading and then gme is up 27 trading just below 120, but it did tap 125.. We can do the technicals, we can do the ortex.
We can do all this stuff. This is just nuts, and this just shows you uh. How first of all this stuff can come out of absolutely nowhere. There's so many lessons to be learned from today.
First of all, things can go insane on a moment's notice number two. This trust me, though, bro data source, like those are silly, don't trust those people, obviously don't trust those people like th. This is proof right here. Gme is up 26.
I am particularly excited about gme, just because i'm that bullish on crypto, that, like i am so insanely excited, particularly about jamie with this nft marketplace, we were just covering a story on the crypto stream about how argentinians are like all transferring over to play to earn, Because they're battling such a bad inflation and their wages are getting like, really really hip and right now, if gme is the platform that ends up serving all these play to earn nfts, i think that's going to be massive. Gme has taken the insanity of last year used that at the market offering to re-align its trajectory - and i was trying to think of the word to explain this, but i went from like my diamond hands to this. I guess animantium obsidian whatever's, even stronger bananium, someone called out bananium hands on gme and this nft marketplace, which we are expecting by june 30th, i'm just so stoked about my gme position like i think this is just gon na be nuts. I see some people calling out price levels.
It doesn't matter, i'm never gon na change. My opinion on this, whether it's tesla, prague, amc or jimmy price levels, are stupid. This time around, like when things no matter how this current push that we're watching right here. No matter how it does or doesn't go, i'm there were things that i never agreed with last time, and i, like i shared my opinion, but then i was like uh.
Whatever people could do what they want, um and like i didn't want to be the guy getting in way of hype. Price targets are so incredibly dumb. They are so incredibly stupid, don't say anything if it has to go to this value. It has to go to that value. Do not use price targets. First of all, the price targets that you are hearing they're, not based on anything besides just people want it to happen, there's no math involved and then, as soon as you look at the math you'll realize that you can't mathematically model the current situation. Can you get a rough idea of like okay there's going to be this much buying power if all the shorts were to cover yeah? But how do you mathematically project, foma buying? How do you mathematically project gamma squeeze, do not do price targets, anyone who is telling you price targets does not know what they are talking about. I am telling you that they are just trying to sell you snake away ride the trend.
That's all this is, is ride the trend ride the trend, pay attention to shorts covering or not covering. Yes, unfortunately, we are in a bit of a two day delay because as soon as they cover it's two days to settle, and then they return shares so in the craziness of everything. Yeah, like there's, going to be a heat of the moment, type of like an issue, a scenario, but we can cover that in real time, but anyone who's telling you price targets they're just wrong. They are absolutely wrong and if in like, when all this plays out - and we look back in hindsight if anyone was even somewhat close - it was from pure luck.
There is - i am so so so certain of this that any price target you are reading. I don't care if you read it on twitter. I don't care if you read it on reddit, i don't care if you read it on youtube like it doesn't matter. Even if it comes from myspace price targets are dumb.
They are so so stupid in this scenario. Incredibly, stupid ride the trend, if you are looking to maximize your profits, you're going to maximize them by writing the trend, not by believing numbers that you saw on the internet. You ride the trend, it's that simple, like don't over, complicate it you've done the dd. You know the research don't fumble it at this point in the game when you're like well, i did just see this number on the internet.
Some of the numbers we're seeing are grossly underestimating what can happen. Some of the numbers we're seeing are grossly overestimating. What is theoretically possible in any mathematical sense, some numbers are too high. Some are too low.
Don't trust them, don't trust a single one, just ride it out, enjoy the ride, ride the trend ride the trend ride the trend. It is honestly that simple uh. What else do we have? I forgot to check myspace i i mean i do trust my space, the most out of all of them, but myspace said 10k uh you're up 4k on your tesla. Let them tesla's ripping right now looks like it wants to go test.
A thousand gme looks like it's gearing up for its second movement. This is just nuts. This is just nuts nuts nuts nuts sikorsky apes. Still holding strong shout out. Oh brother firm handshakes, moon gang shout out jake, i think uh emoji trading deserves a comeback. Today i mean i could throw up some rockets, but i don't want to break anything like we might be breaking the full, the full freaking market today, it just seems like everything is rocketing and i don't know if they end up shutting down the market tomorrow, like I guess it's a it's a risk. I don't know if i was willing to take it, but it's apparently in popular demand, we'll definitely throw some rockets up and if it breaks the market, it's a risk that we are willing to take willing to take counselor murray. Shout out and counselor murray, i know you're stoked for this east 2.0, the beacon chain and the main net.
I know you're diamond handing your east do you. I still have to eat lentils, even if amc squeezes. Unfortunately, yes, because twitter told us we have to give up meat for lentils um, that's just i i wish we didn't have to, but that's just how. Apparently this goes that's how this goes.
Oh okay, again, i want to go over the current numbers, just because gm is up the most. Let's go over these numbers. First, the short interest has actually increased today. The short interest now coming in just below 24, at a cost to borrow of 9.7 percent utilization 100 - it's been 100 for a while, and the shares on loan are 20 mil.
This is a lower float, so it's gon na move more easily relative to something. Like amc, which has a higher flow, think about it luggage, you can move more rapidly with less luggage. In this scenario, this metaphor luggage is the amount of shares outstanding. Really the free float.
Gme has a smaller fleet free float, then amc. So, yes, it will move volatility, whether up or down more easily than amc will just because it has less luggage. Amc has a 100 utilization has a 21 short interest, but the cost to borrow it is like going upward, but it's still kind of like oddly low. This is the one metric on amc's breakdown that really just doesn't make the most sense to me right here.
You can see this shares on loan 132 mil versus 20, mil that just kind of shows you even at the same short interest like roughly 21 to 23. So roughly the same that just shows you how much more luggage amc has. Obviously amc can move. I'm not here saying it's not gon na.
I mean it's up 15.5 percent, but it's just this is what happens in the world of socks. When you have a smaller float, things do move more easily and they move more vitally. So that's the breakdown on amc and jimmy progenity has a short interest of 12.9 almost 13.. The short interest on a relative basis actually dropped today, utilization maxed out at 100 costs to borrow 9.5 shares on loan 22.7 and just because tesla's also ripping.
I wanted to point out that this isn't really a short squeeze. This is just people like this is just like related to berlin. This is related to the market ripping. This is just related to unbridled enthusiasm, so right here short interest, not that high three percent cost to borrow very low utilization, very low shares on loan 10.3 milli. So this what you're, seeing in tesla this is just tesla enthusiasm. This really really is. This is not like a squeeze or anything like that. What does it all mean? Maybe it's in the computer.
Can i check out mullen? Yes mullen, that's another one that actually the is a bit wonky, but this one isn't the cost to borrow the data's wonky on mullen in the short interest um, and this is just because, like okay, what shares are counted which ones aren't but anyway cost. Tomorrow, 17 utilization almost 79 shares on loan 16.6 milli, but remember when this is how i use ortex vortex in general, doesn't matter what equity you're looking at it. Ortex is you're. Looking at the trends you're looking at it as a pre-flight checklist, do numbers on ortex mean it has to squeeze or mean it can't squeeze.
Well, i think it would tell you if something can't squeeze in the sense of okay. It doesn't even have a noteworthy short interest. Okay, you could use it that way, but can it tell you that something's going to squeeze like? Can it guarantee it? No, it just tells you the odds of it. It was like okay, yeah.
No, the the short interest is going up, but the stock price is going up and they're paying a heavier and heavier cost to borrow fee, that's pretty nuts, so it use it as a pre-flight checklist. As in okay, you need all these things for it to squeeze, but it's not saying it's going to squeeze, but on the other hand, if it doesn't have something on the important checklist. Well, then, it tells you it's not going to squeeze nothing ever ever ever should be guaranteeing like be considered as like, guaranteeing a squeeze. That's just not how this stuff works.
That's just not how the market works um. I know many of you have been riding on me with this rocket ship now for over a year, and a lot of you have been closed a year, but for the people who are new, if this might be your first second third time of watching me. This is more for you that, like there is in this community a lot of people with an immense amount of information. Someone like dave lauer is awesome, really really awesome, like that's a data source that you can pretty much take, what they say as truth and then there's other things that, unfortunately, are just inaccurate.
So it is important that you do your dd. Don't take anything at face value, i would say trust but verify uh. If it's something that sounds too good to be true, it probably is, but on the flip side, there's also characters who are actively trying to ruin this movement and spread fud. It really does cut both ways and that's why i'm saying you got ta trust but verify if it's something that is like you're, like wow, that sounds awful like it sounds like they're like really shitting on the stock. They probably are, and i can name three. Four. Five people um there were recently people in this community who try to parade around as apes and then last week they were basically just telling people to get out which was crazy because look at what's happening now. So if anyone trusted them, they were fake apes and then, on the other side, there's people that we know such as gasparino, who have been chill since day.
One and all they want to do is say like this. This is gon na work. It's stupid like it's. When it comes to the market, there is still an aspect of randomness involved.
That's just what we have going on in the markets. No one can perfectly predict anything. It's all about risk reward. Are you willing to take the certain amount of risk for the certain amount of reward if that answers yet have at it? For me, if you're curious about my amc mygme, i know i'm going to get this question a million times.
Yes, yes, yes, yes, i still have amc. Yes, yes, yes, i still have gme um. In fact, what i'm particularly seeing about gme, like i think, it's day over day, it's long term, just because of my like hype around my excitement, my i guess my love for crypto, like the fact that gme is going to be in nfd marketplace man, oh man, It gets me excited, but anyway, yes, i still have amc. I still have gme.
You can check it out. It's on public, it's pinned to the top of chat. If you want free stock, if this is getting, you excited right now, amc and jimmy. I am begging of you.
I am bet hang on. We got to make this clear. We have to show how much we mean if your passion is reinvigorated. Currently, for amc and gme, i am not a financial advisor, i'm not telling you to buy more, i'm not telling you to sell more, i'm not telling you to hold.
I am not telling you to do squat. It is your money. Do what you want with your money, but to the people who are in camp one who are like hey? This is crazy. I want to buy more.
I am begging of you. Do not do it on a payment for order flow brokerage do not buy more stock. On weeble do not buy more stock on robinhood, that is going directly to market makers and in that particular case, it's going to citadel securities and you are literally lining the pockets of ken griffin. Your trades are not going to elite exchange.
You are not interacting in normal price discovery. You are not interacting in normal market pressures to the upside or downside you're, just not get on a brokerage that lets you directly route it to something like iex or use, something like public, where we know they are not doing payment for order flow. We know they are not using market makers, we know a high majority of their trades are going right to a lit exchange and the only time they're not is when they have the legal obligation to go somewhere else, because they found you a better price. If you are looking for something, that's truly interacting in normal market mechanics and you're, getting high quality execution - and you are not benefiting these market makers - who, i personally strongly believe, are at the heart of the issue of what we saw play out in january of 2021. When they helped take away the buy button, that's just my own opinion on the matter. Do not help them anymore. I know a lot of people are jacked up right now, but this is applies to much more than amc or gme. It really really does any stock.
You want to buy, you should not be engaging with market makers, it is hurting the market. You are getting a piss-poor quality execution. It is simply not worth it go to a brokerage where, if you're paying commissions you're most likely paying for transparency, go to one that allows you to route your orders directly to a lid exchange, i'm a big fan of iex or use something. If you don't want to go through that routing, if you're worried you're, not doing it right or wrong use, something like public, which is pinned to the top of chat, and on top of it, you get free stock up to 70 of free stock uh, if you're Outside of the us, this won't work for you.
You could click on the unfortunately you're going to have to look at local brokerages, but for public if you are in the u.s use, codemap or just click on the link, whatever it is. But i know this is getting people jacked up, but remember you want your buys to count. You want your buying pressure to actually be felt, and i think, there's a good mathematical argument, depending on how you do or don't look at it, that if you're going through like robin hood or weeble, it's not interacting with the market. The way that you think it is like you're not really impacting price discovery, the way you think you should be.
What's my thoughts on draftkings um, i mean i like draftkings. I, like that sector, i'm a fan of this type of stuff in long term, but i do like penn more um and i just think penn's a little bit more diversified. Not only does it have online sports betting, but it has physical casinos, i'm just i like them both, but if i had to pick one i'd pick pen over draftkings, please talk about what stocks are doing now going up green, go to the moon, there's no lentils! There, but i can have a great time we better listen in on citadel, make sure kenny. Okay, he's probably haven't well, it depends.
It really depends if people are continuing to use robinhood and weeble kenny's having a good day. Remember, market makers, there's um remember when we talk about citadel there's citadel the hedge fund, then there's citadel the market maker citadel. The market maker is not a directional player citadel the market maker makes money. The more people are actively trading on the likes of robin hood or weeble, whether it's stocks or options citadel the hedge fund. We don't know their position um, it's remember for individual hedge funds, we don't know who is short. They are legally required to report long positions. Call positions and put positions, but not short positions when people say like citadel, the hedge fund or just citadel, like being short against amc and jimmy. It's very much a symbolic statement, and that is like, especially for those of you who are new.
It comes out of the fact that citadel ken griffin, the owner founder of that guy, he was in the congressional talks with robin hood when they took away the buy button and yes, like citadel, is the conglomerate that owes the hedge fund in the market maker. But just to give like a little bit of clarity of what the hell is going on in this situation. We don't actually know citadel the hedge fund, what they are aren't short and that's just because we don't get that clarity and reporting for some reason, the sec way back when decided that like no, we, you should go long, puts and calls, but not shorts. We don't know that, but we do know with market makers.
They make money, the more volume of trading that comes to them, because they're in the game of shaving off like a portion of a penny on each trade. So the more and more people trading on robinhood and weeble. That's exactly why citadel securities had literally a record-breaking year in revenue and in profits last year was because just more people were training on the types of brokerages that benefit them, matt's still covering amc. I've literally never heard of amc.
What's what's amc uh someone said mullen is waking up. Let's check in on that mullin mullen whoa whoa mullen. What do we have going on in mullen out of nowhere popped from 306 to 3 30. ripping ripping ripping? That is nuts.
Truly insane, truly truly insane uh jimmy up almost 27 amc up 14.4 mullen is now probably making a move. Is it technically green, it's green by three cents so that pop uh interesting going above where it closed out? Yesterday, i literally got my weeble account using macor's code yeah um. I that's very obvious at one point, was i a weeble affiliate 100 at that point? Did i know anything about payment for order flow? No, i didn't, but also many people. Don't there are people who trade for their living their entire life and still don't know about payment for order flow payment for order flow is not like a widely discussed thing or a widely known thing until the buy button was taken away.
This isn't something that's common market knowledge did. I have an affiliate link with weeble. Yes, that was a moral stance against robin hood. Taking away the buy button, weeble did it too, but they also put theirs back on earlier.
So i thought it was good. Then we learned more about payment for order flow and, as you learn and as you progress, we learned what was going on and i was like: oh wow, that's bad and that's why i added any person you know who quote unquote has a following. I was the first one off of weeble check. What's going on check the videos, there are people who still actively use weeble and, like ev, they'll use an excuse of like oh, i like it for charting what this is good for charting. In no way will i support weeble. Yes, did i promote them in the past? Obviously i did i i wish i didn't, but i learned about them. I was like okay, that's bad, so it's time to switch as soon as you learn about him. You switch over to public and that's exactly why i was the first one off and it still breaks my heart that there are people actively using it.
If you want to because it's easy for your life, whatever i'm, not your mom, you do what you want, but i do find it oddly offensive that there are people well-known people in this community still actively on weeble. It blows my mind, and it really questions makes me question their devotion to this. Community matt rant equals price action. Movement been there for over 12 months.
What about using e-trade e-trade has been kind of having some of their own things if you can directly route on when you're on something um such as e-trade like, if you use their routing it'll, most likely end up at citadel same thing with fidelity. If you're not going out of your way to pick the route to the nasdaq, the new york stock exchange to iex there's a very, very good chance. It gets fulfilled by citadel a lot of these like fidel like once again uh you want to you, don't want to just arbitrarily use them um if you leave it to them, there's a good chance. It ends up at, and this applies to td.
This applies to e-trade. This applies to fidelity. Can they be used in a way where, like you're, avoiding it yeah? You have to you have to pick your order. So if you're worried that, like you're, like okay, hang on, i might not route my order properly.
That's where our public comes in, and i think what's nice about public is, i think, there's been a lot of money that has been burned from people not truly yet understanding options trading, i think they're just too new in their trading career um public does not offer Options and to some of you, you might think, wait. Wait. I want to trade options, but then my question to you is: are you profitable trading options and if the answer is no well, maybe that's actually a good safeguard. Maybe that's actually a good feature to keep yourself keep yourself from you um.
Maybe it is best just to purely be in stock and not like burning premium money. What about tiblio tiblio is not in exchange. Tiblio is uh, tells you about credit, spreads and other things. Muln is poppin; this is going nuts today, does public have an app or is it website only? I think it's actually they just rolled out their website, but it's an app like. I just use it on my phone. Also, what's really cool, actually, okay, so obviously get public, but what's really really cool? Is this app right here here? Let me pin this. This is called attendees and it does social sentiment tracking. So i just pinned it to the top of chat and i'll copy it for all of you, beautiful folks over in rumble all right.
I just spammed it a little bit so click on that app and, what's so cool okay. First of all, it's free, and you don't have to do anything - you don't even have to actually make an account. You can just start using it, but check this out, i'm on it right now, and it tells you social sentiment. The number one stock being discussed on reddit right now is gamestop.
Number two is the spy. The overall market number three is amc. Four is wish. Five is tesla one gamestop, two spy, three amc and gme is being like talked about a lot, so it gives you that social sentiment, and then it also gives you the options flow on it um.
This is an ios download, they're going to be rolling out their android pretty soon, but let's see i want to see and compare gme options flow. Oh, that's! So cool they're just giving out free options flow. Let me see if it's in line gme gme, that's nuts yeah, you could just get free options flow, you just type in the ticker that you want, or you could like, filter it for the whales but yeah. So if you want to see the sentiment of like what's being discussed or um, if you just want to see it does doesn't unusual whales, have this yeah, but this app it's free, like f-r-e-e.
The only issue really right now is that they don't have android um, but they are working on the android roll out. I'm being told in your talks with the public ceo has he mentioned the possibility of options coming to public at any point. I've actually never spoken with the ceo and the vibe. I got from the team.
I've spoken with that public. I don't think they're too crazy about adding options because they know most people who are options. Traders end up losing money trading options, so they're they're trying to do what they consider being morally correct, like they're, trying to get people to enjoy the markets and one of the ways to enjoy the markets is by being profitable and just like. If you look at the odds of options - traders, it's it's, not the best odds, hey matt, when you think about bitcoin cash, crypto, non-financial advice.
Of course. Thank you. I mean relative to something like bitcoin. I would take pic bitcoin itself, 10 times out of 10..
That is spamming, us boone, i'm sorry ben craig. What's going on is travis in here travis, maybe he's working or something all right. M-U-L-N is just r. I o to the point that i just need: wait: a b c d, e, f g h, i j, k, elemental, p, uh, well that guy just got clicked very quickly.
All right is gme. We have about 25 minutes to go and it looks like it's attempting to pick up as we get closer and closer. It might be doing something fun here at the end, let's look for that break over 122. kind of a similar scenario for amc. Looking for the break of 1840 matt course have you taken. A look at amc. Open interest seems like if we get close to 20 mark there will be a nice gamma squeeze the hot i mean i. I have taken a look at it, but it's one of these things.
The easiest way i could possibly put it is the higher we go. There are more calls that go from out of the money to in the money, thus increasing the odds of a gamma squeeze. It's not it. This doesn't work in such a binary way of okay at this level.
It will happen it's more of okay as more and more go from out of the money to in the money the chances increase, i would never ever guarantee of like okay. This is level and we get a gamma squeeze um. If anything, i would just say it's more of a gradient is probably the metaphor. As the higher we go just theoretically, we know more have to go from out of the money to in the money, as in the people who sold all those premiums will have to buy stock to hedge themselves, but also there's gon na.
Be i'm telling you this. I i can already see it coming. There's gon na be a bunch of videos tonight, like mark my words on this. I'm calling this out before the market closes.
This is how it's gon na go. There's gon na be many many creators who look at all these calls that are out of the money and they're gon na say hey. This goes in the money, they're gon na total. It up multiply it by a hundred and be like.
This is millions of shares of buying or they're gon na look at it in terms of the ones that went from out of the money to in the money today and be like this is the millions of shares of buying they're gon na look at the total Number of contracts that have done this multiply a hundred and they're going to give you some crazy, asinine number. That number is the theoretical max as in if they had no other hedge, but remember the people who sell this type of premium: they're, big players, they're whales, they're market makers - that's the theoretical max if they have absolutely no hedge on, but they most likely have a Hedge on, because for them as easy as they could have been selling that all of a sudden as they're going from more out of the money to in the money. Well, then they might buy calls at the money themselves to help hedge their position. So that's one of those things where it's a little bit misunderstanding of how like the options, world and options hedging actually works.
Once again, when you see these people tonight - and i guarantee those videos are coming they're going to say they have to buy millions and millions of shares - that's the theoretical max and it's most likely not what's going to play out in reality and then also as we Get closer to the monthly expiration. Remember they hedge their position before expiration, not the day after there's, some like idea, for whatever reason that they're like hang on these all expired on the money on friday, so they have to do all the purchasing on money. That's not how it works uh, maybe that's when the shares are transferred, but all the purchasing is done before the expiration uh yo match. I still got my amc. Jimmy calls. I need attendees l, randall rock'em, crush it ride it as high as you can. You know everything. No, i don't know everything, but the things i know i'm going to share with all of you and you learn day over day but like just because i know one thing and it's in disagreement with the people who like to hype you up.
That doesn't mean. I know everything and i know that's like a facetious dickhead comment, so thank you for that. Unfortunately, i have all my amc in prague on robin hood. Should i transfer to something different during such high volatility? No because the damage is done when you are actually doing the purchasing, not when the shares are sitting um they're also, i guess like in a weird way, you're benefiting them more like when you're on the back side of the trade and you're trying to sell.
But in terms of where your shares like sit like it doesn't matter where they sit, your shares are just like sitting, it's all about the actual action and the buying and the selling. That's when you have to consider things like payment for order flow, but you do know everything about relationship, advice, 100 percent, no matt trust me. You know everything um, except if they're loaned out well on. I can't speak for all brokerages on some brokerages.
You can stop the loan like you could say you don't want your shares loaned out, but also in terms of the owner versus the loaner. The owner has precedent, so, let's say there's a brokerage that all of a sudden someone is trying to sell, but they already loan their shares out to someone who's. Like short they're. Actually, they can recall those shares from the short, even if they have margin and everything the original owner takes like precedent over the second guy who is like renting out the shares loaning out the shares how's that texas roadhouse venture going it's coming.
It's a slow going business, but it's coming along. Hopefully, there's going to be new breakthroughs soon, great question, great great question here i want to make sure i didn't miss any uh tesla's picking up again, if only if only i were in that, if only i just played tesla long instead of short last week. Well, actually, it might be more mad because i'd be like why didn't i hold to this week, texas, roadhouse shanties yeah, we're trying to do a big crossover event, we're trying to do texas roadhouse, but with ice shanties, it's a whole new type of business. We think it's going to ipo and be a complete unicorn. Imagine that you can get your texas, roadhouse and ice fishing needs all met at one place: perfect beautiful, beautiful, uh, hey marv! What's your record for the number one people on one stream, um 88, 000 - and that was in june when gamestop was going nuts, but before that my record was like 40 or 50 000 with gamestop in early february, maybe late january. So that was my first high water mark and now my current high water mark is from june um, but i really got going with gme in january and then i myself got into amc at first at like eight dollars and that was either late january or early February and then all of a sudden, i started streaming both gamestop and amc, but i very much started with gamestop and since then uh it's been a wild wild ride. And now i don't know it's almost like a nostalgic thing for me to hold my amc and jimmy very, very nostalgic: hey matt, my wife marcy has officially become an ape buying amc below 14.. I wanted to give her a hug shout out to the moon rye guy.
That's awesome, she's, crushing it she's having a good day. Do you have a moment to hit our lord and savior the like button? Oh, that is too funny. Are you allowed to say what your amc average share cost is? I have a rough idea that it's like in the low 30s, but the reason i don't specifically have it is because at first my well at first i was on robinhood, but then most of my position was probably on weeble and then i had to transfer from Weeble to robin hood, and even though it didn't mathematically mess up my average like it cost some money, it cost me um, but it like it's not tracked properly anymore um. So my both my amc, my gme average, are like fictitiously high because of just the the transfer from weeble to public.
Did that actually mess with my finances? No, no! It's just like literally the accounting number, and that was a pain when i tried to get off of weeble it like failed twice and i called public. I was like, what's going on, i'm trying to get over and it was actually weeble that was rejecting the transfer. So i ended up having to do the transfer manually of my amc and jamie stock mul, and it's just ripping right now any idea of how long it could take to transfer brokers. I think they say up to two weeks, but most people are quicker and if your question is like, can you transfer now i mean that's like you're playing with fire at this point.
You never know how wild things are. Gon na go um. Once again, it doesn't much matter where your shares are sitting. They never took away the sell button.
They took away the buy button. So, if anything, i would just say for the future shares if you want to buy any and i'm not telling anyone to do anything with their money. But if you want just don't do it on ramen and don't do it on weeble. Do it on something like public or another brokerage, where you can directly route your orders jacob yo match? I like that l randall, it's been a hot minute travis here, oh there's travis. Can you see amc and jamie pulling back tomorrow, yeah um? Let's do a bit of a chart review. That's a good question. This is what i am watching. I am looking for amc.
It's pretty easy, i'm looking for the test of twenty dollars, the low twenty dollars, but first it kind of needs to clear a little bit of a hurdle between like the low 19s uh. But the major thing i care about is the low 20s and then from there. I think amc can explode up into this region, which is this trend line and also this important region of. Basically, we got a breakout kind of weird consol support, weird consolidation and also a breakdown that turned into resistance, so i am really looking for the breakout of the low 20s quickly, followed by 23.65 to like 25.
This is the key key region i want and from there, if we get a breakout, i think we're talking the low 30s. So this is what i'm watching on the upside, but if, for some reason amc gets tripped up here well, obviously you can watch the downside around 18.. I think that'll act as support now, and i also really like this region of support between 1625 and 1670.. So this is a major region of support.
This is a major region of resistance and then those are the various levels of like breakouts, i'm looking for in terms of gme. Look at this trendline breakout. This is an absolute beauty, like gme is having a phenomenal day, which you can tell from its 31 gain, but i'm looking for the test of 129.50 and then from there i'll be watching 140 on the flip side, if it doesn't hold that i'll look for support At 115 ish or also this trend line, and then if things get bad from 96 to 100, those are my key levels of resistance support. How will things particularly go tomorrow? I i don't know uh.
I can tell you there's no way in hell. I'm selling tomorrow, because we know the days to cover is exceed the amount of shares. We've traded in the day is smaller than the amount of shares that are on loan. So i know no matter what happened, even if all the volume today was short covering, even if that was true, which it isn't true.
If it were true, we still know that not all the shorts covered. So to me what happens tomorrow? It doesn't really matter. I will be interested in the data on thursday, though, because that will be two days removed from today, so we'll get an idea of. Is this shorts covering in front of us? Is this a bit of shorts covering and some fomo buying? Is this straight up? Fomo buying we'll get more clarity on today's action in two days because the market works on a two-day settlement cycle, but it look gme just hit a new intraday high, ripping to 1 25 126ish.
Why did you get out of weeble because they use payment for order flow and they're a shitty company? In my opinion, i don't know if i'm legally allowed to say that, like legally, i can't say from a legal perspective: they're, not a shitty company. From my own opinion, perspective, they're a shitty company same with robin hood. I won't use them matt, the sellout w24, how much of like an in-cell keyboard warrior. Bitch. Are you the sellout i like that they're the sellout, but no one's ever presented any proof. In fact, it's just like made me bigger, like the sellout that sellout matt makes super chats, how dare he provide value to a community of four million people and represent us properly on mainstream media and take our case to the highest levels, he's possibly capable of he's. Like bitchy keyboard warriors do something with your life like that's what these people do. They realize that they're, achieving nothing with their life and to make themselves feel better.
They want to drag people down a word of advice to any of you out there who are pursuing your own passion. When someone says something negative to you, you need to question it. Is it because they're actually giving you fair criticism, or is it because they are so deeply upset with where their own life is at that they, the mere presence of you, upsets them and they feel better bringing you down because then the relative difference isn't so much And they feel less shitty about themselves. What do you think's? More likely? You got ta ask yourself that when anyone does anything negative, are they literally scared about your achievement because it makes them feel worse or are they giving you a true criticism? That's something you should very much ask yourself: tesla is crushing it jimmy's, crushing it.
It's all crushing it. It's so green when at first you don't succeed, keep on sucking until you don't succeed this week on matt's rants god there's people, people are funny man. People are very, very funny: it's not 354, yet so just logged in and it was spicy we should switch. The name from dumb money to like spicy takes will public.
Let me open my account with an ein llc, i'm really unsure you're going to have to reach out. I opened it with my social. I didn't try to do it within ein, but we'll see matt. If we see some big breakouts with amc and jimmy, would that make uv x y go up? No! No! No! U v, x y will move inversely to the spy uh.
U v x y, think vix think inverse movement to the spy um, not really going to be related to amc or jimmy. There might be a bit of a correlation just because, like the market going up will help amc or jimmy going up, but i i don't think that's going to be the strongest correlation um, none. That is really that noteworthy. This is funny it's insane.
I was looking through youtube and found whole channels against you. I watched a couple videos because i was curious as to what they had to say and they had absolutely no evidence folks in a moment of realness, as i say that with my green sunglasses and my duck shirt on that's why i've been going to the gym. A lot of people are like matt. Are you going to the gym to be more physically healthy matt? Have you been going to the gym to be more mentally healthy matt? Have you been going to the gym to foster a better ritual for yourself on a day-over-day basis and exceed at a higher level? Those are all great questions and they were all questions that i would like the answer to be. Yes to i, i wish the answer was yes, but, alas, i've realized the best way to connect with a digital audience is through being completely transparent at all times. The reason i've been going to the gym is because my coattails have become so goddamn heavy. I realized i didn't, have the proper, lower body strength to continue forward, as i have all these little dipshits getting onto my coattails. So the the answer there was, it was obvious i was like.
I got ta get my ass to the gym and i got ta tone my buns up, because this coattail is getting heavier and heavier and heavier. That's that's the truth. It's a tough answer, but that's what's been going on. I wish the answer was yes to the other questions, but that's just what my life has become the buns of steel journey.
Oh man, the funniest part about this is i know that those like people are 100 watching right now and they're like losing their mind. Oh, i love it. I love it they're, probably having an aneurysm. I also commonly have similar thoughts about the same people who are making like secondary burner twitter accounts, just because i blocked their first one, so they're like they still need to like read what matt said.
Even though i blocked them, i mean so funny funny your trainer thought the same thing this morning. That's a good one berserker, oh man, when the benedict cumber douches come out of the word work to insult you mindlessly, you know, you're doing something right. It's one thing. I was never ever prepared for it really wasn't.
I mean as a coder. Your emotional bandwidth is like pretty like tight. Like you, don't have much emotional highs, you don't have much emotional lows, but it really is like as soon as you start doing anything on social media. Well, i mean steampunk fare you're on tick tock.
So i'm sure you have your group of haters. It's so weird. The internet is so amazing in many many ways, but then also in a different myriad of ways. The internet is awful like there are so many people that act on the internet the way they would never ever act in real life.
Basically, there's a bunch of people on the internet that are acting in a way that just tells you they've never ever been punched in the face, and i know this was that piece of philosophy was first written by the great mike tyson. But it's not just philosophy. It's just pure fact: aka ben and duck cumberduck. Why is that so funny? Uh? Do you have relationship for us this for the weekend, yeah always happy to give out relationship advice, oh and now that there's an inordinate amount of people here partying on this particular power hour? I do want to let you know i will not be streaming on friday. No matter what the stocks are doing, if they're up, if they're down your boy, has to get his tight buns on a plane down to miami to find a new studio to make this whole show even bigger, so i will be in the air. I will be a bird in the sky on friday, uh i'll, be in one of those like metal, metal, sky birds um. So i'm not streaming on friday. Just so everyone knows, i don't want you guys to freak out.
I can already see he's not streaming because it's green he's not streaming because it's red, no, i just i bought a plane ticket, it's just how life works, sometimes uh. I don't really understand why so many people hate you on twitter. You've been 100 transparent, at least since i started watching you in april. People are nuts i've like bruised their brittle little emotional state, and they just can't handle it.
But that's what's so funny because, as you're more polarizing as a person, then you find other people who are kind of like you as soon as you like. Take off this like uh. This acting face and like i'm just like. Ah like i've had enough of this.
Let's start like telling people how i really think of them, it's interesting, you become more polarizing and then the people who, like you all of a sudden they're like wait this person's like this is someone like i could have a beer with at the bar, like they Think and talk the way i would and then all of a sudden, the other side. Well, on this particular side: it's all these people who have like um, i don't know uh, unregulated emotions and they like freak out and it's also like expressive of their pure lack of any intellectual thought. And then, then, the group who likes me like they like, like me, like to just troll them and make fun of them more and it quickly gets out of hand uh quickly gets out of hand. I like how someone said the profit takers are cashing in now.
Wait wait on which one bcg brad are we talking about tesla mullen amc gme, because all of them are still up quite a bit like there might be a little bit of end of day stuff of like okay, like let's lock in a little bit of money. Possibly, but i mean overall they're still massively massively green butt stuff. 24. 7.
matt i'd buy you a beer, butt stuff. 24. 7. I would buy you a beer, that's quite the name.
Miami is currently in a state of emergency. I want to clarify that this is a joke and i know the reason that it's in a state of emergency is because of something very, very horrific, but there's no reason we should let that get in the way of comedy yeah. Of course, miami's in a state of an emergency, they just found out that i'm going down, they found out that the duck boy is flying south for the weekend. So they're like we might as well front run this and have an emergency it makes it makes sense, makes sense. You can both buy me a beer frank's getting in frank's getting into it all right. We have less than 30 seconds left griffin market is open on friday. I know it's open on friday, i'll just i'll keep you updated um, i'm glad you clarified. That was a joke.
Diggity ding, ding ding, the casino, is closed. All casino participants, the doors will be shutting now yeah i mean it is very close to it like i'm, i'm a fan of making jokes whenever, but it's very, very close like it was a little bit too soon a little bit too soon. So it's something i had to get out there for people who watch the video in the future and enough time has passed, but for us in real time it's still pretty close a little too close. That's it for the market.
Today, here's the dealio! I will be posting a vod wrap up video later on today, so feel free to check that out, and then i will be streaming full day normal schedule tomorrow. If you haven't already on your way out, it would be mucho appreciated if you could annihilate destroy unalive. The like button, and also don't forget to join up with the moon game by hitting the subscribe button liking subscribing, are completely free and at the end of this call there may be a quick follow-up from our provider to see how the call went for you today. There will be a series of questions one to five and we would appreciate it if you stay on the line after the call to help us improve our customer experience.
That's actually not true, but i've recently had to call my own insurance company, and i do have a question. This is in no way stock market related. So if you want to go, feel free to go but who, in the world stays on and answers that like at all like all, i could think was why would anyone be like after i waited an hour on hold, got someone that was in no way helpful? You want me to stay on longer and answer a questionnaire that should be illegal. If i run for president, if i can count on your vote for president, the first, and only thing i will do in office is outlaw that that's it that's one hundred percent.
What i will be doing, kudri already won uh, just a thought. I am a karen jdh once uh thanks for the good vibes. Congratulations on all the attendees folks. What an exciting exciting day i will be posting vad tonight, we'll be doing stuff on the crypto channel.
Make sure you're checking that out make sure you're on everything twitter twitch rumble myspace. I just got a true social account. Your boy got to skip the line. Um, i'm on myspace hit me up there, big myspacer.
You can connect with me on aim as well. Uh duck boys with like many z's, because apparently duck boy was already taken. Duck boys like four z's. Maybe five z's um duck boys 69 uh.
That is my aim. Username feel free to connect with me over there um, that's what i have for you today. I hope you had a phenomenal day. I hope you had an absolutely be a beautiful day and as always for me and share best of luck in the markets, i'll catch you in the next video have a good one. .
This was not a rip day for AMC , but GME was a rip day , we need 28 points tomorrow for AMC
Thanks for all you do for the APE community. I appreciate. What a graat day after hard times. Cheers, Swiss APE!!
Another π₯ one, Matt!
Just a casino. No fundamentals. Buying pressure. Crazy stock market
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Donβt come back to us amc apes now you fraud
Matt do you think this could be some of the shorts covering?
Hey Matt look up b b i g and c if you think that their future crypto projects looks any good
Matt remembers AMC? I thought he only cared about his personal gains
Now he wanna talk on amc..FRAUD
Despite the economic downturn,ΔΎ'm so happy π .I have been earning $ 60,000 returns from my $7,000 investment every 13days.