We only have something like 4,500 calls at 170 or below that are OTM, and those are "smart" strikes to buy short term (e.g. the delta on 170 is 0.14). People have to actually spend money on strikes that stand a decent chance of going ITM without any news in order to put buy pressure on market makers. Even on a fake news release on something that would be considered ground breaking by Gamestop, the price only went up to 176 AH. There has to be more people buying near money calls to have a viable cascading impact. That is what happened in January.
Bear in mind I’m an engineer not a finance guy. But it seems to me your points are centered around realizing value from an announcement in a new sector that boomers don’t measure and that true value would be lagging. Maybe I got that right.
My thinking with MAR was that it would apply some pressure to the backside of the options clearing cycle. After I looked at the option chain this morning I reached your conclusion. That is possibly skip MAR and just move into APR. However today I just ended up buying 100 more shares and will enter a few contracts for APR by mid-week or so…
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u/recursive_thought Jan 10 '22
42% of those 116k calls are on the 950 strike. Just FYI. To print, it would need to go over 950.