Finishing above $30 was a major victory for us. Like out the park victory! Be proud of yourselves!!! 36.7 million shares are now at stake. More in the DD.
Hello My Motos,
HERE WE GO!!!
Here are the links to my other socials; [Reddit](https://www.reddit.com/user/MacAttack218
) & [TikTok](https://www.tiktok.com/@macattack218
If you're new to all of this then start with either my [YouTube Start Guide](https://www.youtube.com/watch?v=1NId7NvPBVs
) or if you prefer reading then [Try the Reddit one out,](https://www.reddit.com/r/ApesMonkeyAround/comments/o3cwnu/the_new_apes_starter_guide_to_what_the_fuck_is/
Seriously though, all the support and nice words are what keeps me pumped to do this, so thank you.
Normal disclaimer; I'm not a financial advisor and I've only been learning about this stuff since the January run-up, take everything I saw with a pinch of salt.
I'm a not a hype man. But everyone give themselves a fucking pat on the back.
As I said in my [look ahead](https://www.reddit.com/r/ApesMonkeyAround/comments/oi3774/a_look_at_the_week_ahead_for_amc_and_gme_wc_12th/?utm_medium=android_app&utm_source=share
), us finishing above $30 is a major, nay crushing, defeat for the hedges.
The reason is we suspect that at least 367k contracts were being used via married puts to hide short interest.
So now that we have finished above $30 that means they've expired out of the money.
**So MOASS next week?**
No, slow down.
**So what does it mean then?**
First, want to know more about married puts, [Check this DD out](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/?utm_medium=android_app&utm_source=share
It means next week one of a few things will happen.
One those out the money Puts are exercised. This firstly shifts the bag from the market maker back to the OG shorter.
This is the expected play, it will bring the price down but that's short term. But longer term it means the OG shorter will have 36.7 million fail to delivers. When they pop back up OG will either need to short those share (revealing true short interest) take on the mission of resetting the fail to Delivers, or buy the shares (unlikely but stranger things I suppose).
The other thing that can happen is OG shorter goes rogue and doesn't exercise. Short term the price should boost if this is the case.
This leaves those fail to delivers in the hands of the market maker. Suddenly it becomes not a matter of surviving until they can pass the bag back, now it's a matter of survival full stop.
**So what do we need to look?**
Next week, Thursday onwards, we will be looking for massive resetting of fail to delivers.
Or sudden buying power
Or lots of shorting.
I'll cover all of this in more detail in tomorrow's recap and Sundays look ahead but this is just a quick recap.