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 150 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.
FlatSix!EXT8RNrL | ID: 8c2f3f1e | No. 438 | 2025-05-29 12:52:22Plus when you own real shares in Schwab/IBKR/Computershare, Friday afternoon pins don't stress you at all.
PureBook!ybGCmI0a | ID: 17be11b7 | No. 439 | 2025-05-29 15:48:16Buy spot, route IEX, book in Computershare. Simple as.
Anonymous | ID: ac09a8bb | No. 440 | 2025-05-29 17:37:51