/drs/Options max pain pinning vs unleveraged spot ownership in DRS Book
Friendly reminder before Friday close:
>buying weekly far-OTM options: market maker collects your cash premium, hedges delta with synthetic internal shares, and pins max pain by Friday 3:59 PM >buying spot $$GME on Fidelity (routed via IEX) and transferring to Computershare Book: never expires, zero theta decay, permanently removes 500 shares from the DTCC pool
Don't donate weekly premiums to the very Citadel/Virtu desks you're trading against.
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