Here we'll take a look at where the huge GME short positions might have been hidden since Jan and come up with some theories for why we've seen the odd price cycles in 2021.

This post is heavily influenced by the phenomenal work of u/criand and other great DD posted on the sub in recent weeks. If you haven't already then go read Are futures or swaps the secret sauce to price movements? and The Puzzle Pieces of Quarterly Movements. Do it now.

0. Introduction

I always had doubts about the T-21 & T-35 price movement theories. How was it possible that all the different short funds line up their trades and FTDs neatly on just a few dates? Why would they choose to operate on a few critical cycles rather than spreading the buy in risk out over each month?

Despite not really understanding the T-21 stuff there was definitely something to it so I just figured I was too smooth for that one. Then the OG of DD u/Criand shared an earlier version of this plot:

GME Quarterly Price Movements And Equity Total Return Swaps

Wow. Everything seemed to click. The cycles we are seeing come from derivatives settlement deadlines. They're predictable. And they get more violent each time.

What I want to do with this post is to pull together a bunch of info I've found that helped me understand the fuckery and describe it as clearly as I can. Then go on to show some new data I have that might point us towards when this death-spiral-swaps-cycle began.

Hedgies r fuk. After 8 months of this ride I like the stock more than ever.

1. Total Return SWAPs, unhinged greed and the upcoming Minsky Moment

This has been covered before in some detail but I'll go over the key info as simply as possible before getting into the more juicy stuff.

https://preview.redd.it/txid9jx3rij71.jpg?width=1080&format=pjpg&auto=webp&s=af29b850c473ca59bb2e1c17ab4d667e24f86ce4

So a Total Return Swap (TRS) is agreed between two parties where *one side (Party A in the example) pays an ongoing fee to another party (Party B

Do your worst!

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

It really does, I swear!

They’re on standbi

Pilot on me!!

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

What did 0 say to 8 ?

" Nice Belt "

So What did 3 say to 8 ?

" Hey, you two stop making out "

When I got home, they were still there.

I won't be doing that today!

You take away their little brooms

This morning, my 4 year old daughter.

Daughter: I'm hungry

Me: nerves building, smile widening

Me: Hi hungry, I'm dad.

She had no idea what was going on but I finally did it.

Thank you all for listening.

It’s pronounced “Noel.”

After all his first name is No-vac

What, then, is Chinese rap?

Edit:

Notable mentions from the comments:

• Spanish/Swedish/Swiss/Serbian hits

• French/Finnish art

• Country/Canadian rap

• Chinese/Country/Canadian rock

• Turkish/Tunisian/Taiwanese rap

There hasn't been a single post this year!

(Happy 2022 from New Zealand)

There hasn't been a post all year!