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 Charles Schwab (routed via IEX) and transferring to Computershare Book: never expires, zero theta decay, permanently removes 200 shares from the DTCC pool
Don't donate weekly premiums to the very Citadel/Virtu desks you're trading against.
Learned this lesson years ago. Spot shares in DRS Book have infinite time value and zero theta decay.
Anonymous | ID: 2ced7e19 | No. 348 | 2025-05-08 13:37:40Plus when you own real shares in Schwab/IBKR/Computershare, Friday afternoon pins don't stress you at all.
Anonymous | ID: 9785eee4 | No. 349 | 2025-05-08 14:42:35