https://imgur.com/a/BqsZfh9

Because ΔE = Fdcosϴ and if theta is 180 to oppose the force applied right then the total work would be 20J from x = 0 to x = 4?

Or is it 10J because the 2nd force opposing is already factored into the graph?

Literally title, I'm very confused about this relationship. If I convert a polar curve into one in rectangular coordinates its shape I'd still the same right ? A parabola in rectangular is still a parabola in polar right? A limacon in polar is still a Lima con in rectangular right?

What's up everybody, Dogecoin fought back from an early deficit, turned up the heat and pressure, and was able to move past upstart Theta Fuel and advance to the second round of the 2021 Ultimate Crypto Tournament. The final vote score was 356-303 for Doge.

In the second round, Doge takes on GRT or The Graph. As of this writing, DOGE finds itself in a hole, trailing GRT 168-77, though more than 2 days remain in this round. Doge is living dangerously.

The voting is at https://twitter.com/UltimateCrypto7 and your game specifically is https://twitter.com/UltimateCrypto7/status/1372814345231507459

(It’d be awesome if you voted in some of the other games too).

This round runs until 11:59 pm on March 21. The coin with more votes at that time will be declared the winner and move on. You can vote in all of the games, it’s not limited to just your coin.

So, vote early, tell your friends, and good luck in the second round!

https://ultimatecrypto.fun/

Good luck!

Does anyone know how to graph theta (4x^2) or omega(4x^2) on TI calculator?

https://preview.redd.it/uze6tx1gczi51.png?width=481&format=png&auto=webp&s=6418ddc63e23e8c3a9b05afd85f0cbbaa21f5eae

Hey guys,

A while back someone posted a graph showing the rate of theta decay for different types of options trades. I can’t remember what the source of the graph was, but it was super helpful for me to know how theta affects different types of options over time. For anyone who happens to have it or know how to find it, would you be kind enough to post it? Thanks so much in advance.

Stay safe everyone.

In my precalculus class today we were discussing algebraic symmetry tests for polar graphs. To test for y-axis symmetry we replaced (r, theta) with (-r, -theta). If the equations are equivalent then the graph demonstrates y-axis symmetry.

The graph of r=theta passes the algebraic test for y-axis symmetry, however the spiral clearly is not symmetrical about any line. Our textbook says that the spiral does have symmetry. Can anyone explain how we can say this graph is symmetrical despite the fact it visually does not have any symmetry?

Hello all, I was reviewing polar curves for my Calc 2 final and couldn't figure out how to graph that function. I know the values are supposed to be greater than 0 but I have no clue how to go about it. I know what it's supposed to look like but any help getting there would be appreciated!

Hi everyone, Bob here,

HOLY SHIT I THINK I MAY HAVE CRACKED THE CODE!!!! And by I, I of course mean the fuckin absolute truckload of DD and wrinkle brains that have contributed their DD to this saga. Thanks in advance to all the DD writers included in here, as well as the ones I failed to mention because they just aren’t top of mind at the time of writing.

PS, get jacked, because this DD has been reviewed by some of the greatest wrinkly minds I know before posting, and I'l be keeping this one edited and fresh up to date as we learn more. Hope you learn something, and gain some wrinkles yourself - god knows we need ‘em.

Some of you may have been around long enough to remember my DD on u/criand’s and u/dentisttft’s DDs. This dd looked at the combined theories of some OG apes that got me into my own DD dive. In it, I explored some different movers and theorized its a combination of things. I have had some offline conversations with some of the smartest fuckin people silverback DD-writing wrinkly ass apes on the planet and found some really interesting things I’d like to show you and get your thoughts on. The intention of this DD is to share the really TIT JACKING information I just uncovered and put together, with the help of all the apes mentioned here, which have been my guide either directly or indirectly through this learning process that is Double Down Due Diligence.

Foreward 0.0

First, I think it’s important to realize where this is coming from and who the fuck u/bobsmith808 is. Well, I’m just your average run of the mill no good crayon eating ape. I shit rainbows when the stonks go up and I shit bricks when the stonks go down, but when they go down, I rage buy more because brick by brick I will increase my position in this wonderful company with a bright fucking future, I call gamestop.

Why? Because I like the fuckin stock.

Table of Contents for the DD

I will be breaking this up into a couple posts because reddit is retarded - so retarded you cannot post over 40,000 characters per post. I guess they never anticipated the level of autism we could muster. 🤷🏽‍♂️. I hope you enjoy the first part of this series.

In This chapter:

• 1.0 - Recap on understanding the T+ cycles and how they work, along with some insight to market mechanics

1. 1.1 - T+ Cycles & How They Work

The Harmonic Convergence

by sweatysuits

\"History is merely a list of surprises. It can only prepare us to be surprised yet again.\" - Kurt Vonne-gut

Introduction

Hello everybody!

I have been meaning to write something about GME and volatility for months now but IRL obligations have prevented me from sitting down and collecting all my thoughts, lining them up in a coherent manner and putting all this down.

During this time my friends u/Zinko83 and u/Mauerastronaut wrote their DDs about variance and volatility which you have undoubtedly read. If you haven't, you have to check them out. This is without a doubt shit you should at least have heard about if you have any intentions whatsoever in investing the equities market after this epic time in our lives is over.

Of course at the end of the day, these are just the ramblings of a madman who has finally eaten part of his own brain with some fava beans and a nice chianti.

I realize this stuff is not very straightforward and might not immediately trigger your confirmation bias but be patient - I work slow but I will get you there and more. 😘😉

Part I - GME and Volatility

I have been spending an unhealthy amount of time studying obsessing over volatility and its relationship with GME. Long story short, GME and volatility are married (positively correlated) - with very few and notable exceptions.

The most beautiful chart in existence? I think so.

Here are the exceptions when GME actually behaves like a "normal" stock i.e. shows negative correlation with volatility. These periods are visible on the chart I linked above and I expect volatility and price to be negatively correlated when the following occur along with a sharp increase in put option volume.

1. When GameStop issues shares. We saw this happen in June-July.
2. When funds sell large numbers of shares in the market (such as ETF rebalancing). We saw this happen in August.
3. When there is a significant broader market event. We saw this happen recently in December.

We recently went through one of these exceptions (#3) when a metric fuck ton of cash left the market

BitBoy has one of the biggest crypto channels on YT (1.5 million subs) and is notorious for his moonish predictions and clickbait thumbnails. As always, DYOR and don't trust any other person's price predictions, there's not a single person in the world that can predict these things. It's your hard earned money, treat it with respect when investing.

BitBoy's predictions for this year:

• Bitcoin (BTC): 322000$ - ⛔WRONG
• Ethereum (ETH): 27000$ - ⛔WRONG
• Cardano (ADA): 9$ - ⛔WRONG
• Polkadot (DOT): 326$ - ⛔WRONG
• Binance (BNB): 249$ - ✅CORRECT LOL
• Chainlink (Link): 900$ - ⛔WRONG
• Stellar (XLM): 6$ - ⛔WRONG
• Cosmos (Atom): 140$ - ⛔WRONG
• The Graph (GRT): 10$ - ⛔WRONG
• Aave: 7000$ - ⛔WRONG
• BAT: 3$ - ⛔WRONG
• Hedera (HBAR): 1$ - ⛔WRONG
• THETA: 24$ - ⛔WRONG
• Thorchain (RUNE): 25$ - ⛔WRONG (but close)

Please keep in mind that some exchanges may have had slightly different prices

##INTRODUCTION##

Alright apes, it's time for part 3 in my "grow some options wrinkles" series. If you haven't read them yet, go read Part 1 and Part 2. Please read Part 1 and 2 if you haven't already. Important topics like IV and theta were covered there that are extremely important.

As I said in Part 1, this is NOT financial advice. I am NOT telling anyone to buy GME options, just trying to educate apes so they can make their own independent financial decisions.

If you think you're too smooth to understand this stuff, I promise that you're not. It's really not that hard. If you don't get it, ask questions to those of us who do. Paper trade until you feel comfortable and are making good plays consistently and get a feel for it.

DRS is the way. Options and DRS are not mutually exclusive. The shills try and make this some false dichotomy, but no such conflict exists. The goal of using options is to gain leverage, make money, and get more GME shares to DRS. I was recently able to buy an extra 1000 shares due to some recent options moves I made prior to the recent spike after the WSJ article the other day (yes I'm aware the WSJ article didn't cause the spike, this was just a quick/easy way to name this event so everyone knew what I was talking about).

##Table of Contents / TLDR## Here's a TLDR/Table of Contents for this post:

• Do not buy OTM calls.
• Do not buy calls that expire soon. Go at least 60-90 days out or more.
• Do not buy calls when the stock price or IV is high. Buy them when price and IV are low.
• Ignore FUD. Apes stronger together. Knowledge is power.
• Learn to use u/yelyah2's charts to visualize floors and ceilings.
• Do consider using spreads to mitigate risk, reduce costs, and gain leverage

Quick Smooth Brain Review of the Basics

• Buy calls only when GME price is low and expected to go up.

• Only buy ITM calls.

• Only buy longer dated calls. Right now, I am personally looking at dates like April or June or later.

• As a general rule, DO NOT buy OTM calls, or weeklies that expire like next week. These are basically lottery tickets and you're probably going to lose.

##LET'S DISPEL SOME FUD##

FUD #1: If you buy options Kenny is just going to keep your premium

I see this one talked about a lot. Does Kenn

Today’s priceaction is like nothing I can remember seeing before. I haven’t dove into today’s posts yet so I Don’t know if any wrinklebrain has already suggested a cause? It looks sus to me. Anyone else think so too?

Probably just crime as usual, but I’d love to understand What is actually causing This extreme pattern. Wrinkles assemble.

End of year report:

I opened my Robinhood account on December 31 2020. As of today the "1 year" and "all time" charts will say different things, so that is a muscle memory thing I need to unlearn..

Top of the line: up 35.66% percent this year

Not only is this like 8% higher than SPY, based on the way Robinhood handles total return graphs this is actually understating it due to the fact that I added money during the year. If I deposited my entire account balance tonight said percentage performance would be cut in half since it assumes all deposited cash increases the initial cost basis.

Max drawdown: 12% (still haven't fully recovered)

Measured from my account's ATH in November to the trough in.... well later November. RIP meme stocks. At least we stopped the bleeding.

Holdings types:

Even though I call it my "options account" about 1/3rd of it is in various ETFs (and a microscopic amount of BRK.A) that I'm not using as collateral for options plays. This is the money I had earned from political betting on PredictIt, plus whatever I decide to throw in every once in a while. This is segregated a bit, as I literally haven't rebalanced at all and don't consider selling these ETFs for more theta gang plays.

The options portion is funded entirely through stimulus checks, tax refunds, and the realized gains from options trades. This is to reduce stress in case I fuck up because why panic sell if it's "fun money"?

General strategies:

I did a little bit of everything theta gang related. Debit spreads, credit spreads, wheeling with covered calls and selling puts, diagonal spreads with deep in the money calls to simulate a covered call with leverage, doing the same to simulate selling a put with leverage, etc. Somehow managed to control positions in a way so I could keep rolling for a realized gain rather than be forced to realize a loss (without being stupid and rolling out 2 months for a 5 cent net credit).

Favorite positions:

Wheel trading AMC and BlackBerry. No leverage, just selling puts and making money until you're assigned then selling covered calls until you're assigned. Being meme stocks, I could afford to have stupid timing and make money.

Least favorite positions:

Buying Ford and Nokia LEAPS with 3 to 1 and 6 to 1 leverage to sell covered calls against right before they both trended down. Yeah... not fun. Haven't worried about a position that hard since. The sweet spot is clearly 2 to 1. Less extrinsic value that way.

Taxes:

My taxable g

Most of us traders are searching for information to help us optimize our trading approach. There no lack of it available and sometimes, we may find ourselves following along without totally understanding why certain strategies or communities decide on certain aspects of a strategy. For example, TastyTrade popularized the idea of using 30DTE (now 45DTE) options when selling premium. Why? Well, most will respond, the theta decay curve steepens within those timeframes - which is completely accurate. However, there's a little more nuance than that.

Below is a simple chart of SPX option theta decay for the past 2 years. OTM is a 0.20 delta, ATM is 0.50 delta, and ITM is 0.70 delta. Note, the different colors represent different option moneyness. Note how OTM options start to decline exponentially within 60 DTE whereas ITM and ATM move more slowly. Also note, the most significant decay occurs within 30 days for all moneyness. This is the why behind their selection and why it applies to OTM options primarily for the TT time window. However, note there are alternatives to this. If we're sellers, we could offer closer to ATM within 30DTE to experience a significant decline in theta. If we're buyers, once we start moving beyond 90 DTE, theta decays quite slowly.

It's important to remember, the real world doesn't operate in a vacuum, which is why the Y-axis simply tracks the theta portion of premiums. In reality, the remaining greeks will all impact the premium of an option.

The why matters. Never forget to ask why when you learn a new trading approach and dig into the details.

Trade on!

https://preview.redd.it/cn7bcat2jf281.png?width=906&format=png&auto=webp&s=1365f1b2a05cc7ce071231d030d7464028eeb3c5

Ho Ho Ho!

Another year passed, we’re meeting our relatives, our loved ones, our families. We’re having great time, spending it together, watching Home Alone starring Macaulay Culkin in main role while eating fishes and potato salad.

Let’s see how well top 100 coins performed since last Christmas. Some of you, probably recieved or gifted some crypto during last Christmas to your family, friends, or just to some redditor here. I managed to find a snapshot from 12/24/2020, a year ago to compare the numbers and percentages, to see where we would be standing, if Santa would’ve invested lump sum of money ($10) into every coin from TOP 100 and then gave it to us a gift, or you to someone else. Is that Christmas atmosphere working? Does Santa wear socks? Will I see a golden pig if I’ll not eat for a whole day? Let’s take a look at the numbers.

We’ll see which coin performed the best, see which coin will earn the rights to eat the prettiest gingerbread. Let’s go.

Swipe to the left to see % if you’re on the phone.

This post is an in depth analysis of a massive trade I made this year.

It will teach you how to evaluate trading opportunities like a professional.

This post is going to go through the trade from start to finish, with the hopes that it gives you some insight as to what it takes to find a really great edge in the market.

Now, full disclosure. This is a trade that was brought to my attention by a fried of mine. In late august he shared a really interesting idea with a ton of alpha and in this post I will be taking you through how he found it, the thesis he came up with and how he priced it out.

And to give you an idea of how big this trade was, between those I personally knew who were in the trade, we had a combined -30,000 vega exposure.

Note: If you want to read all the parts of my options guide, click here for a list of my posts.

The Opportunity:

In July and August of 2021 was when tensions with China really started to grow. The Evergrande crisis was in full swing, companies were under pressure from the Chinese government, and foreign relations with China seemed a bit more uncertain than usual.

KWEB down 35% when we began looking into this trade

We saw Chinese stocks take a massive hit, down about 35% in just a few weeks.

The trade involved selling volatility on KWEB, which is the China Internet Index.

It consists of China based companies whose primary business is focused on internet products/services (Similar companies to Google, FB, Twitter, Amazon, etc).

At first glance, a high level of volatility seems pretty justified. But remember, high volatility and expensive volatility are not the same thing. For example, implied volatility could be too high.

Most traders would't go near a situation like this...

But it is precisely these types of situations that can create opportunity for us to find really big edges.

You see, markets are pretty efficient. There are many smart players. But when things get shaken up, efficiency decreases and a few dollars fall through the cracks for smart traders to scoop up.

Understanding the opportunities around distressed market situations

Before we get into the trade research, we need to understand the scenario.

Here's an analogy I u

On Reddit some coins seem to have a huge community, while others are barely talked about. I noticed, for example, that Polkadot gets mentioned very little, considering it's been one of the main coins for a long time now. Other small coins, like Nano, get mentioned all the time. So I got curious: which coins have the biggest communities, compared to their size?

I scraped data on the top 100 coins from Coingecko, who usually also link the coin's subreddit - if it has one. I added some manually, as the subreddit data was not complete, but caution: I am sure I have missed a few. In total, I collected data on 81 subreddits. In the table below, they are ranked by how many subsribers the subreddit has compared to the market cap of the coin in billion USD:

The story a few days ago about parents who named their baby named Cardano got me thinking: what are some good cryptos to name a baby after? I had a look at the top 200. I'm more interested in whether the word has a nice ring to it than whether the project would make a good namesake, but it's impossible to totally ignore that part. In any case, i came up with 6 categories.

Already people names:

• Terra (also Luna)
• Elrond
• Harmony (you could go with Harmony ONE)
• Klaytn
• Neo
• Mina
• Rose
• Uma
• Ren
• Casper
• Aragon

Ok aesthetically but polarizing

• Cardano
• Solana
• Ripple

Promising!

• Link (bonus Zelda reference)
• Axie (middle name Infinity?)
• Kusama
• Rune
• Dash
• Kadena
• Velas
• Zilliqa
• Kava

Maybe good for hippies

• Cosmos
• Moonriver

Not as bad as you might initially think (kinda grows on you)

• Polkadot
• Theta Fuel
• Storj
• VeThor
• Phantasma

Would be funny (someone do it please)

• Internet Computer
• The Graph
• Basic Attention
• Immutable X (this might be my favorite tbh)
• SwissBorg
• DigitalBits

How'd i do

Simplex Trading, LLC held the largest reported GME put position at over 82k contracts until the Jul 16 expiry, yet very little DD has been written on the firm, until now. Simplex misfiled their 13F earlier this year and highlighted the cost basis of their 82k puts was only 0.16. Given this cost basis, and their overall position, it is clear their option position is a hedge against a non-reported OTC derivative contract known as a variance swap (VS). While the math in this post will be complex at times, I hope to break it down to make it simple to understand what a VS is and what the Value at Risk (VaR) implications are without needing to fully understand how the math behind these calculations work. I'm going to try to keep things simplex. I am not a financial advisor, this is not financial advice, and I will highlight what is speculative when applicable. This post should help you understand how GME, a mid cap stock with a mere $16 billion market cap, is an idiosyncratic risk to financial stability and capable of causing a systemically catastrophic market event due to overleveraged short exposure on both the price and the volatility of the stonk.

The direct registration of GME shares has already started to significantly impact the price of GME, and is the most critical aspect of the 🚀 launching successfully. The flight path to the 🌙 is set, but a sudden decline in DRS would potentially choke off the fuel supply needed to exit the atmosphere, and may cause GME to come crashing back down to earth. This is not FUD, DRS is the way, and if you are not familiar with directly registering GME in your name or how to directly purchase GME shares, please read A Complete Guide to Computershare first. Seats in the 🚀 start at $25, however, tickets are limited and supply is running out. Buckle up, the launch countdown has started, and there will be turbulence after liftoff.

**TA;DR - In late Jan 2021, someone purchased variance swaps on GME after the buy button was removed and volatility peaked. Simplex Trading was one of many VS sellers and still holds open risk exposure to GME volatility. DRS has impacted GME prices by decreasing the supply of shares needed to effectively suppress volatility, and accelerated the timeframe of the buying/selling cycles. The consistent rate of GME DRS has started a countdown to

I will go first. r=8sin(3θ). This makes a graph that looks like childe’s hydro mark that he applies on enemies

#DIMENSION FORCE

Etymology/Translation Corner

Official banner: https://pbs.twimg.com/profile_banners/618646265/1641423730

Tagline: "O dragon who dwells in the rift between dimensions! Let your two-colored eyes shine, and descend alongside the light! "Odd-Eyes Pendulum-Graph Dragon"!!"

CM: https://www.youtube.com/watch?v=E-i0go6L5t4

Yuya: "Ladies and gentlemen! Now it's time to take a look at the well-known and popular themes, as well as the new cards, you've all been waiting for! Let's enjoy the greatest Entertainment Duel! The climax starts here! Come, Odd-Eyes Pendulum-Graph Dragon!!"

...

Yuya: "The fun has only just begun!!"

This is a list of translated Japanese names for all of the cards in Dimension Force. See below for further notes.

Each card name is linked to an image!! (Use an image-zooming extension like Imagus to view them instantly.)

Any questions or issues you may have about the translations are welcome.

1. Entamate Gentrude
2. Entamate Lady Ange
3. Therions "Bulls" Ain
4. Therions "Leaper" Fum
5. Therions "Duke" Yul
6. Therions "Lily" Borea
7. Therions "King" Regulus
8. Visous=Stafrost
9. Scareclaw Astra
10. Scareclaw Veronea
11. Scareclaw Achroa
12. Scareclaw Reichhart
13. Mad Murder
14. Al-Ghul Mazera
15. **Heroic Challenger - Knuckle Knife

Hi! I'm new here so I can't be sure if this is the kind of malarkey you guys are into, but I think you SHOULD be into it so here we go. Obligatory disclaimer goes here - I'm not providing financial advice nor sexual healing, if you choose to interpret this as such that's on you. Use lots of lube and don't skip the foreplay.

My credentials include trading naked strangles on corn futures during the spring/summer bullshit and surviving, and the fact that I can make a mean cup of coffee with nothing except a local starbucks and a credit card.

Ok.

What's a Calendar Spread and Why Do I Care?

At it's most basic, a calendar spread involves selling an option with one expiration date and buying the same strike and type of option with a different expiration date. You can get fancy wit it and trade diagonal spreads, ratio calendar spreads, double diagonals, but it all comes down to sell one expiration and buy another.

Typically people trade long calendars, where you would sell an option expiring sooner ("front month") and buy an option expiring later ("back month"). Long calendar spreads are a defined risk, high probability (sometimes, read on) trade that profits from a change in implied volatility (IV) and/or the stock staying within a range. The trade is technically long vega, which you would think means "vol go up, I make money" but since the trade involves two different expiration dates, the behavior with vol is a little more complex than that. It's not bad though, I have faith that you awesome people are all over this.

A long calendar spread can be traded with either puts or calls (but not both unless you short both AND long both for the coveted DOUBLE CALENDAR. Otherwise jesus christ you'd just have a naked front month put/call and a random-ass long back-month put/call), and can be constructed to be neutral, bullish, or bearish. The debit you pay for the spread is the max loss (unless you let yourself get pinned like an absolute chump. Don't do that, close your spreads before expiration). Your maximum profit is... undefined. That's weird, but basically it's linked to vol and since vol could go to the moon and back, you don't exactly know how much money you could make.

Neutral Calendar Spread - "The Margaret"

Margaret is a plain ol' gal, but she's a hard worker and gets shit done. Trading a Margaret would involve finding a stonk and selling a near-te

I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.

Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.

The take-away from this post will be, “options are expensive right now, you might not want to buy them” but if all you know about options is “options bad” please scroll on and find another post to read.

Y'all can call me “bad at options guy”. I am barely literate with options and just started very low level options trading on an experimental/fun/gambling/losing level last year. I seem to have a knack for buying options that end exactly at the money, thus losing my premium. But I am somewhat good with numbers, and wanted to show you some data showing that some similar $GME options got roughly 30% more expensive last week.

A quick recap of the highlights of the last 6 trading days:

Friday 12/31/2021: Close: $148.39

Thursday 1/6/2022: Intraday low of $121.14 (why???)

Friday 1/7/2022: Intraday high of $160.31 (post bogus WSJ article)

Friday 1/7/2022: Close: $140.62. (Settled right in the middle of the intraday excursions huh? Interesting. )

At the end of the day Friday 12/31, if I wanted to buy a call option that was about at-the-money, with a 2 week expiry I would have picked the 1/14 150c (OTM by $1.61) and it would have cost me $8.90.

At the end of the day Friday 1/7, if I wanted to buy a similar call option that was about at-the-money, with a 2 week expiry I would have picked the 1/21 140c (ITM by $0.62) and it would have cost me $14.00. Or I could have picked the 1/21 142c (OTM by $1.38) it would have cost me $12.00

Weird right? A week apart, call options with the same amount of time to expiration, with roughly the same intrinsic value, yet it’s 30% more expensive to buy similar options a week later? This is not theta; they both have the same time to expiration.

So maybe we should look at puts.

At the end of the day Friday 12/31, if I wanted to buy a put option that was about at-the-money, with a 2 week expiry I would have picked the 1/14 150p (ITM by $1.61) and it would have cost me $10.25.

At the end of the day Friday 1/7, if I wanted to buy a similar put option that was about at-the-money, with a 2 week expiry I could have picked the 1/21 142p (ITM by $1.38) it would have cost me $13.95.

So the calls were about ~30% more expensive, and the puts are ~30% more expensive too.

All this is plotted on a graph of Price (Y) vs Intrinsic value (X).

I'll post the data to the comments, and I'm going to leave speculation to the comments. This is data; if you want to downvote then please ask yourself, "do I hate data?"

https://preview.red

https://preview.redd.it/qeip2scblw481.png?width=2324&format=png&auto=webp&s=0120a65e79dac14f81e1796815c45438e080eb72

Hi there, I'm confused, how would you know what values to pick for theta in order to sketch this?

Hello Apes! My wrinkle brain friends u/zinko83, u/MauerAstronaut, u/Lennixus, u/criand and several others have recently written some excellent DD's and posts on recent developments in wrinkle-brain GME theory, namely these excellent posts on volatility swaps, options hedging using variance swaps, as well as u/Leenixus' excellent Dick-Dick today

If you haven't seen these, please take a moment and go read these DD's that explain how shorts continue to mess with our favorite company and how we can predict price action within some degree of accuracy. To sum it up quickly, here's a quick quote from u/zinko83's post on variance:

> Hedge funds sell variance making them short, which in turn requires them to hold a portfolio of long OTM options to hedge the short swap. This should be making lightbulbs turn on, if it doesn’t go check Citadel Advisors, Susquehanna, Simplex holdings and see they hold not only puts but calls come back and stare at the replicating above, it will click eventually.

And from u/mauerastronaut’s post on variance swaps:

> GME options chain is indicative of the “Replicating Portfolio” used to hedge short variance exposure. This portfolio involves long puts and calls, short forwards and a rather small position in shares. Assuming open naked shorts on GME, willing counterparties for short forwards would be market makers or prime brokers trying to get around close-outs through deemed-to-own clauses. Short variance exposure can explain many events that happened this year around the stock, but not correlations to other tickers. We believe it to be a major driver of GME’s stock price. It is suspicious that the options chain looks like this in such an obvious way, since doing a complete hedge usually burns the premiums collected, and also is sending very clear signals which investment firms usually try to circumvent.

> Whales bet that banana wouldn’t go up and down a lot, but it did. Open banana options suggest this, and maybe help explain where fake bananas came from. Banana value moves because whales are trying to not get fukd. Whales normally are not that obvious, which tells us something. The question is what.

In light of this new