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 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.
IBKR_IEX!YzYEe9jD | ID: 0983936b | No. 682 | 2025-07-24 11:01:33Plus when you own real shares in Schwab/IBKR/Computershare, Friday afternoon pins don't stress you at all.
PureBook!ybGCmI0a | ID: 8bd66b26 | No. 683 | 2025-07-24 13:40:56Buy spot, route IEX, book in Computershare. Simple as.
PureBook!ybGCmI0a | ID: 9e7fac24 | No. 684 | 2025-07-24 15:01:49