1) buy a few shares of a stonk that isn’t too huge, lowish market cap etc
2) buy thousands of OTM calls
3) wait for whatever hedgefund issued the calls to protect themselves by purchasing shares
4) ???
5) Profit when price goes 🚀🚀
Bonus points if you use leverage
This is regarded financial advice but advice nonetheless
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You learned what a gamma ramp is. Congrats.
Here’s why it doesn’t work. The hedge could also be selling puts instead of buying stock so the underlying doesn’t change and the HF takes all your money. Because you are highly regarded and bought way OTM calls they’ll delta hedge by selling 1 put ITM to your thousand far OTM calls.
>This is not financial advice.
Finally some on figures out the market
Do this and post the results, we all need a good laugh
This is financial advice you should ignore