GameStop GME Unusual Options Activity BEFORE the Rally! Trader makes MILLIONS — Transcript

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1. 0:06hey everybody in this unusual whales
2. 0:08trade review video we're going to cover
3. 0:11two traders that made Millions during
4. 0:13the GameStop Rally from a price of
5. 0:16around
6. 0:17$17.50 per share to a high of $80 per
7. 0:22share in just a couple of
8. 0:26days now we first noted unusual options
9. 0:29that activity in GameStop on April 25th
10. 0:332024 when nearly 3,000 contracts of the
11. 0:36$25 call option expiring on May 17th
12. 0:40transacted almost entirely at the ask
13. 0:44now here we can see the 2915 contracts
14. 0:48transacted on the 25th and
15. 0:512,374 carried over into open interest
16. 0:54confirming to us that these were new
17. 0:57positions if we pop open the flow feed
18. 1:00from that initial set of orders we can
19. 1:02see these fills while gme was trading at
20. 1:07$10.98 cents per contract we can also
21. 1:11see that this triggered a repeated hits
22. 1:13alert on the contract then on Friday
23. 1:17April 26th the trader of those initial
24. 1:20contracts were already up over
25. 1:24150% but instead of taking profit we
26. 1:27actually saw that they bought more
27. 1:30contracts
28. 1:3811,930 28 cents per
29. 1:42contract the following trading day we
30. 1:44noted that
31. 1:4610,128 of those contracts carried over
32. 1:49once again confirming to us that new
33. 1:51positions opened and stayed open over
34. 1:55the next few weeks from there the
35. 1:57GameStop rally commenced
36. 2:00on May 5th GameStop rose from a price of
37. 2:03around $11 per share going into May 6
38. 2:08over the weekend to peek out at
39. 2:12$17.45 per contract but things weren't
40. 2:15over there things really started to take
41. 2:18on New Life on May
42. 2:2213th
43. 2:2420124 on May 12th roaring Kitty also
44. 2:27known as Keith Gil and D FV famous for
45. 2:31his analysis and presence before and
46. 2:33during the 2020 and 2021 GameStop
47. 2:36squeeze tweeted for the first time in
48. 2:39years this caused the gamestock price to
49. 2:42go absolutely
50. 2:45Bonkers during the trading day following
51. 2:47roaring Kitty's first public appearance
52. 2:50in years gme rallied even further from a
53. 2:54market close on the 10th of
54. 2:58$17.42 all the way up to a high of
55. 3:03$382 per share Roar and kitty continued
56. 3:06to tweet periodically over the next day
57. 3:08and the response from Gamestop was
58. 3:14clear on May 14th gme traded as high as
59. 3:18$80 per share in pre-market trading now
60. 3:22our original position seemed to have
61. 3:24taken profit on May 13th selling their
62. 3:27position within a range of $74 $2 $113
63. 3:31per contract being conservative they
64. 3:34exited for around a
65. 3:366,000 gain noted by this drop in open
66. 3:40interest on the morning of May
67. 3:4314th this Trader turned roughly
68. 3:46$27,000 into $2 million in just three
69. 3:50weeks the contract didn't stop there
70. 3:53however and reached a new high of
71. 3:56$364 per contract a 30 ,
72. 4:02250% rise from those initial orders we
73. 4:05noted at 12 cents per contract back in
74. 4:08April had this Trader held they'd have
75. 4:11made over $10 million on this gme trade