Nobody’s talking about what GME’s options chain is actually saying right now
Everyone’s piling into weeklies on this GME spike. 106% mention surge on Reddit today, stock up 20%+. Feels like a move. It’s not.
Check max pain. It’s sitting well below current price. That gap exists because when retail floods short-dated calls on a hype spike, MMs don’t squeeze, they collect your premium and hedge delta by selling into you. You’re not the predator in this trade.
The IV already repriced the Reddit attention. You’re buying the headline, not the edge.
If the thesis is real to you, go 6-8 weeks out. Longer-dated contracts haven’t absorbed the social sentiment yet. More time, cheaper annualized premium, same upside if you’re right.
But those weeklies? That’s just a donation with extra steps.
Not financial advice. Just read the chain before you trade the tweet.