Jerkin' it with Gherkinit S8E2 Live Charting and TA for 9/9/2021
By - gherkinit
>It looks like they have until 9/17 to cover any futures exposure this cycle
Can you provide a source for this statement? Can't listen to the stream at work and following the latest on this thread. Would appreciate if you can give quick link. Thanks!
Hmm from my understanding, they have until today to roll them to next quarter.
But, the actual expirations of the contracts are the 17th.
So if we see further action today, it could be from rolling since the deadline is September 9th.
If we see more action between tomorrow and the 17th, then they may have not rolled and are letting them expire. Which could be why we didn't see price action. Maybe they're actually letting them expire instead of rolling.
They can be rolled up until the 17th.
On the rollover date page it says so, but that trading floor convention is to rollover by the rollover date
"8 calendar days later" which is of course the expiration date
Edit : Bottom of page 61 for confirmation from text covering regulation found this recently and thought it was a good addition since this post gained some traction
Hmmm dope so they might be going against convention and holding it to the last minute or just letting them expire.
Yeah, my bet is they are rolling it at a later date. If they let it expire I would assume this thing blows up. But who knows.
If it isnt actually rolled by the 17th I will laugh my ass off, cause then we are in very new territory.
Was a ton of calls at 300 and 250 etc. So im not surprised
What happens if they let it expire?
I dont personally know, but gherk said that they would get margin called far easier, as the swap counterparty "swapseller" would be unhedged in the position.
But no immediate price movement if they just let it expire?
If they let it expire, that would be very unusual. That would be moass hype levels. I dont know about immediate price action, but from what others say, likely not?
The annoying part is lets say we dont see any price action by next friday, how do we tell it is manipulation or crime versus actually not renewing the futures? There really isnt any way.
As I said somewhere else, if we dont see any price action, the community is baffled.
Today may have been them doing some hedging / the price action may have partially been from the futures fiasco. Clearly 7.5m volume is NOT just apes.
Only time will tell, by the end of the 17th we will know they are beholden to the futures, or not. If not, then did they not renew? Or possibly crime/manipulate their way out of it? I dont think we will be able to differentiate.
Iam personally grabbing some calls for next week. But thats just me, and is not financial advice whatsoever. I bought calls for this week and look how that turned out, lol.
What would happen if they were to expire?
Gherk mentioned it on his stream. It was along the lines of: if the futures/swaps aren't rolled over by the end date then this risk from those swaps gets added to their margin, which would then put more pressure on them and could lead to a margin call.
Personally I have no idea.
Why are they doing that now and not the other times in the past?
Up with you. Awarded and highlighted the hero link for the Day
"On U.S. futures markets, the settlement period should properly
be described as the life of the contract. Only open positions that
have not been offset when the contract expires need to be settled by
Nothing says they cant roll up until expiration, and settlement lasts up to expiration. So if anyone needed more legit confirmation, there ya go.
Relevant text from a pdf that apparently covers almost everything regulations, about futures and participants. By a college and from 1985, but I doubt it has changed much, let alone how settlement is handled.
Here's the PDF for those interested.
So what happens if they let them expire? Reported si goes up? Booster rockets ignite? Or find a new way to kick the can?
In theory they're used to hedge against the swaps. So if they expire, then we'd see price surges from forced hedging
Are you saying the roll over is still on the table?
Yeah. I didn't know that they could technically roll up until the expiration date of the 17th. Interesting. Looks like rolls are back on the menu, boys
Given the price action we saw that 25%+ day in august… is it possible they already rolled over early? Possibly doing some covering during the ATM offer and thus not needing to rollover as much this time around?
I guess it’s also possible they will switch their strategy and only rollover some and employ some other tactic for the ones they don’t rollover. I guess the possibilities here are many and there’s only one way to find out (meaningfully), HODL.
Unless I’m mistaking the day you’re talking about, u/gherkinit mentioned that last most recent run up as an options rollover date, whereas today through the 17th are most likely futures contracts rollover dates.
I hope you’re right! That’s the wrinkles I’m looking for.
Didn’t we start seeing glitches like this during the last roll over periods?!
Sounds to me this may be why Ole Kenny boy moved all that money to the Caribbean a few weeks ago. Gives him slightly more than a week to get his ducks in a row before Apes set fire to the castle watching it burn in their glory on the new Independence Day, September 17th. Henceforth known as Deep Fucking Value Day.
Ladies and Gentlemen, we reached 200$! For your safety we may now switch to the dark pool. Please stay seated and if possible sell all your GME shares. It’s clear that the Squeeze is over…
u/gherkinit Please post the answer on Reddit - a lot of us can't watch the live stream
as much as i understand the futures roll over last from 9/9 tp 9/ 17. they ussualy cover them at 9/9 but they have ability to kick the can until 9/17. but they never done it yet.
I'd there a link to a source where it states they can do this???
i dont know. i missed big part of his stream. he will explain after tream. he has 2k weivers now. busy to check reddit.
Heres the relevant text from a 1985 futures regulation pdf.
On U.S. futures markets, the settlement period should properly
be described as the life of the contract. Only open positions that
have not been offset when the contract expires need to be settled by
You can probably google that and find the PDF, or check my post history
So what your saying is buy the discount before its shoots up....Shawweeeet
(Edit : I did not find it first)I found it, and also a pdf supporting the fact.
Check my post history.
Criand forgets when other people finds things apparently (Edit : he apologized to gherk)
Edit : Gherks boys found it first. My bad.
Heres some info I dug up though confirming it.
Bottom of page 61
Correct person to tag is the man behind the entire thesis, the one and only, /u/criand
Source provided. Check my post history
“Buckle Up!” *opens wallet*
Unzips canvas wallet.
I respect your effort and willingness to go the extra mile, but stilling your mom’s purse is a bit much….
"All Buckled Up!" *closes empty wallet*
*sells wallet* sacrifices have been made, but buckled up none the less
*quietly hides coin purse*
like every day - THANKS GHERK!
wow - heavy volume in the premarket - take another breath and then - take off!
9/9 with the first 9 flipped upside down, is 6/9. Jacked.
Oops, I flipped the second 9
While less fun, still a source of Bull Mayo
Fk ya! I’m early! Hi gherk!
We ride at dawn! (it's always dawn somewhere, right?)
It’s Dawn in California, let’s ride!
How did the rollover period change from today to 9/17?
From what was said on stream they’ve always covered on the first day on past run-ups but new information came up showing they have more time to cover the contracts before they expire. So essentially could be any day between today & 9/17. Probably when they think they will take the least damage from the gamma ramp.
If edit 5 explains it, I’m not getting it
Yea, I’m not following. Kinda just dropped that in there without an ELI5 for the smoothies in the back.
Criand replied to another comment.
Ready for that 88 MPH take off!
Take a moment, drink some water, breathe deep, Praise VWAP, buckle in, LFG!!!!!!!!!!🚀🚀🚀🚀🚀🚀🚀
Time to strap in apes 🦍.... turbulence expected 👊🔥💎🚀🌙💰
How do you figure out when they need to cover their futures exposure by? How do we know it 9/17?
"It looks like they have until 9/17 to cover any futures exposure this cycle"
Please explain and source! Very interesting!
scroll up about 20 comments
Exciting times in the world right, exciting times..
Thanks Gherk for the daily facts and focus. Means a lot to a lot :)
Where's the 9/17 date coming from? Big if true...
The rollover needs to be handled today 9/9/2021....and if not then they have 8 more days which lands in the 17th of Septemberrrrrr.......brrrrrr ...brrrrrrrrrrrrrrrrr
T+8 huh? It's "funny" how there's all these exceptions to the rules. Makes 0 sense in a digital world. Don't even need blockchain for that. Auto execution and unique IDs only. Done.
I'm just repeating what the paperwork said.....but apparently you don't even go out of your own way to check your confirmation....stop relying on others to do your own homework....its the same as cheating
Huh? I wasn't trash talking your info if you read it like that. I just meant the system is so broken with all these exceptions.
Sorry I didn't mean to come off harsh...
The filing and criand both state 8 additional day's....but remember the SHF intend yo drag this out as long as possible hoping for a new rule to save them...all the more confirmation that retail is winning and banks and hedgies are Fuckidy fuck fuck
Yep, they can't run forever. This will be exciting to see the next week!
If it drops more, I think I’m gonna buy some
Lezzzzzzzzzzz gooooooooooooooo 🚀🚀🚀🚀🚀
This is the way.
#Core thesis still stands: Shorts have not covered.
Maybe covered here and there to avoid margin calls, but for sure they haven' _closed_.
This is going to be a great day!
I'm here for the ride! WEEEEEEEEEEE
It'll be crazy today.... or It'll be sideways. Either way. LET'S FUCKING GO!
I told myself I had enough shares but it turns out I was wrong! Buuuuuuuuuuuy!
Thanks Pickle man
THIS WAS THEIR WEAKEST EARNINGS DIP YET
I dont fully understand the futures roll stuff. What would happen if they just dont roll them and just forgot about them? Is this a force buy in situation?
Then buy and hodl,,,,, no bad news in the forcast
Never mind...stay zen until Septemberrrrrrrrrrrrrr 17th
Ok, will do.
Would someone mind explaining the arbitrage bit at the bottom? What is it?
GET RICH OR BUY TRYIN
That would be hilarious if we run up to 200 and close the earnings short assault into a sideways day.
Where is sideways trading guy?
/u/criand you were interested in the Quarterly options rollover. Looks like it's getting discussed on livestream here if you're interested.
/u/ wont work…
grr...thx ape...too much coffee =D
Thank you as always Pickle! ♥️
These bastards are lucky I’m too dumb to know how to trade premarket.
u/gherkinit any early predictions for tomorrow? Do you expect more green to come? Volume was pretty high today in comparison to the last weeks.
Got some more moon tickets, I'm fukin ready!
Retirement day -1!
Today is a good day for MOASS! LFG!!!
I'm buying the last dip before MOASS,thanks Kenny!
69 minutes after noon
How can they roll over the options? That’s so annoying. Does it cost them more to do?
We gonna get any DD on how they can delay?? 🙂
this the lowest drop post-earnings this year? i thought back in march it dropped from like, $190 to $120?
thanks for doing the thing, gherk
Perhaps I’m missing a DD - how do we know they have to cover by 9/17?
Only u/gherkinit knows
Today is looking spicy!
Just stopping in to say thank you for continuing to stream everyday! Really boosts morale and gives us a place to relax and tune in to stuff while busy at work.
I may buy Kenny fuck wit 😆🇬🇧
I wish I knew how to trade options, December calls must print heavily 🤔
$2k locked and loaded.
"Fire sale on aisle 69!"
You'll have to excuse me for just a moment. #BTFD
Payday + Tasty Dip. Love it!
Wish I had more cash this month to buy such a tasty dip. I'll do the next best thing and Hold.
All that work to just have us come back
“If we moved why so up? Ok”
Truly the wisest pickle
Shout out to you Gherk for the daily live coverage!
Can't wait for that tasty dip so I can increase my position by 50% more shares!!!
Cheers Gherk, was looking forward to your post 😊
Thank you, man in the pickle!
This was a good write up! Thanks for letting us know about the future contracts!
Stay hydrated, eat healthy foods, chew slowly and Buckle Up ~~ Love Mom
Can you elaborate on the arbitrage again?
Cheers to the Hero of TA, Gherkin!
Thanks as always for the live charting, Gherkinit!
Buckle up, guys and girls!
I’m still here!
Let’s fucking go! I love dips.
Gherk you’re a boss bro
Jacqued to scoop up some of the best company out there, WHALE TEETH for MOASS.
The normal open gain hasn't happened this is it Bois opening with a dip watch that graph FLIP
This guy fucks.
Peak between now and next Friday. Awesome 👍 thanks
I like the cut of your cornichons, pickle man!
Nice work OP! You nailed this one!
Man I bet they were proud of briefly getting us back to $180 😂
I smell opportunity today
Smells like burnt hedgie money in here
I’m trying to contain myself but look at this recovery!
It is buck fucking wild, and you just know the articles will yell "down day sell now" if it ends even .1% red.
The big runs always start at 2:30-4 from what I remember too
Up with the pickles! <3
On a day like today, in theory could they bleed the entire market down to try and drag gme with it?
Nine Niiiine. LFG!
Is that a “Steve Smith” pickle?