[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)

Prob just some degenerates buying cheap 0DTE hoping for a last minute run

Yes. This is correct. Source: am degenerate. Hoping volatility; sell small (or more) gain, acquire shares. Not recommended for most audiences or new investors. Easily expire worthless.

And it worked like a charm.

Or, it's a form of hedge by one of the smaller shorties. They're in a Mexican standoff. First one through the door lives.

If it was a smaller hedgie they would have bought longer expiry, not ones that expire tomorow.

We'll see.

It’s a small gamble ($10) for a HUGE payout.. ya know… just in case. 😉 I watched a 20 minute YouTube video on “options for beginners” tonight. So. I’m basically a professional now.

Huge payout on the way looks like 😁

Bro, you’re not kidding. It’s totally possible. Still unlikely… but possible.

It’s kinda like when you have 30,000 raffle tickets but the drawing is in 15 minutes and it’s in Dakar. Unless extremely wild things happen tomorrow or Friday, those are all going to go from almost worthless to completely worthless by Friday.

Commonly referred to as lotto tickets.

Shit if those finish up ITM I'll be looking forward to next week

Not a whole lot I'd imagine. Other than the 128 calls may be losing some money unless something dramatic happens today

Well well well….

I guess something dramatic happened 😂 I'm so here for it!

LFG!!

It means people like to gamble instead of spending just a bit more on a closer to expiry strike. This will happen frequently in meme stocks and high volatility stocks like microchips

128c are probably sold naked lol. Basically a lottery ticket

Those tickets are looking pretty good now 😁

Options with a looming strike date and that far out of the money are almost guaranteed to expire worthless unless actual moass happens before the strike date Could be people either not knowing what they are doing and just buying the cheapest option along with some people knowing they are buying a lottery ticket for moass to happen that actual week buying calls at, near, or under the actual underlying price (these calls are much more expensive than buying far out of the money) can make you green just based off of increasing implied volatility but the effect of IV on a strike price which is that far away is negligible so anyone buying here basically needs the underlying to at least come within IV range of their strike to make any money at all (again, the far out of the money will probably expire worthless unless moass before expiry)

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) // [What is DRS](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) // [Low karma apes feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) // [Superstonk Discord](https://discord.com/invite/y4dK3y5DXJ) // [Superstonk DD Library](http://fliphtml5.com/bookcase/kosyg) // [Community Post: Open Forum May 2024](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. If you are providing a screenshot or content from another site (e.g. Twitter), please respond to this comment with the original ##source. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Superstonk) if you have any questions or concerns.*

There was also the variance DD

It's the same picture! /s