Long

Updated

WC: 21.73 Target: 1800-2400 MOASS: 47k-100K: MOASS PLAYBOOK

Topics:

Convertible Bonds
Specific Timing of MOASS
Targets

Good Trading To You All!

Trade active

VIX Shenanigans..uncertainty running rampant through the market with Global Trade at center stage

Trade closed: target reached

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Why I am posting the VIX instead of GME right now?

One word: Arbitrage

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Part of why price is rising is because Convertible Bond Arb players need to BUY shares when price gets too low in the underlying as part of their Gamma trading to stay delta neutral..

Remember below 29.85 the Bond loses value and depending on the value of the Shorts they need to Buy to get back to neutral...again STOCK PRICE being higher than the BONDS is THE PLAY...the shorts are simply a strategic hedge..

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I should add the Arbitrage play is all good and dandy until price squeeze.

A squeezing fast moving and rising stock makes it much more difficult to execute the Arb play because you have to quickly adjust shorts and buys to stay neutral...the spreads in that environment could make it extremely dicey

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BTW adjusted lower support to account for the latest price action and smaller VPOCs beneath the main lower one which is at approx 22

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And thats a wrap!

Whirlwind of a day but right on par for the type of trading environment we should expect for the next couple months

Buckle up..its about to get spicy

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Morning!

Casino will be open in a few minutes

Opening higher it seems but lets see what the day brings

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And thats a wrap!

Saw some some decent movement and then some retracement

At this point im just waiting on 04/20 so dont have a lot to say lol

Good trading to you all

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Morning!

Casino will be open later

Now that the pieces of the Convertible Bond play are in place its time to watch things play out

Now we wait...

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And thats a wrap!

Decent day overall with price holding level

Now lets see what news we get from the Administration on tariffs

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Smh lol...politics

22 is still the floor

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Morning!

Casino will be open later

All eyes on the VIX today and everyday

Patiently waiting for 04/21 at this point

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Ugly market right now but all things considered GME is holding level really well compared to a lot of tickers out there

You may not see it but this is a definite sign of underlying strength

Arbitrage side of the Convertible trade having fun right now but as I mentioned the true long term play is Convertibles being above 29.85 which is why I keep saying 22 is basically the floor (regardless of these temp dips below)

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Ands that a wrap!

Held up better than a lot of stuff I saw today

Market will settle over the next few days I suspect..just gotta wait for Institutions to soak up the last few drops of liquidity

Bring on 04/21 before that guy puts Tariffs on the Tariffs

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Morning!

Casino will be open later

RC bought more shares which is a good thing and it appears The Cat has been lurking Reddit..interesting

All eyes on the VIX as the Economic Geniuses at 1600 Pennsylvania play chicken with Global Trade partners

Where is the actual bottom for GME as far as the lowest price will touch? I do not know..it all depends on VIX/ SPX

From a technical perspective 21.75 - 22.35 is where the "activity is centered" so that is what i'm focused on

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Convertible Arb desks eating good off this market turmoil

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Strength

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Will this chart view end up being prophetic?

TIME will tell

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This is the strength that will take us to GLORY

Remember I've consistently preached SYNERGY WHEN IT MATTERS...this is it

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And thats a wrap!

Interesting day...interesting indeed

I will sum up what im thinking in two words:

IT BEGINS

Heartbeat_Trading

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Heartbeat_Trading

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