AMC GAMESTOP EMERGENCY ALERT CHEWY $500M BUYBACK!!!!!!!!! IM DOING THIS WITH MY POSITIONS!!!!

Summary

The video discusses stock market movements, focusing on GameStop and AMC's trading patterns and investor strategies. It highlights GameStop's spike in open interest and call premiums, with a significant shift from puts to calls. The host also covers Chewy's share repurchase, AMC's short interest decrease, and potential market cycles. Bitcoin's price prediction and Tesla's resistance level are examined, along with a critique of the SEC's actions. The video concludes with investment tips and a call to join the host's Discord server for trading insights.

Takeaways

• 📈 GameStop's open interest saw a significant spike with large fluctuations, and over $300,000 worth of puts were sold off, shifting to calls, especially with an influx of almost $800,000 in calls with strikes at $20 and $5 expiring the next day.
• 📊 Call premiums for GameStop went vertical, indicating a substantial market movement and potential investor interest in call options.
• 🛍️ Chewy, another company owned by Ryan Cohen, announced a $500 million share repurchase from BC Partners, adding to an existing repurchase program initiated in May.
• 📉 AMC's short interest slightly decreased to 14.87%, suggesting that some short positions might be closing, but the speaker believes the actual short interest to be much higher.
• 🏦 Critics argue that GameStop, despite having over $4 billion in cash and no debt, is a poorly run company; the speaker finds this criticism unfounded.
• 📊 The speaker predicts that GameStop's stock price may experience a retracement before July 2nd, suggesting it as a potential buying opportunity.
• 📈 The speaker's strategy involves waiting for a selloff in GameStop to add more call options, anticipating a significant price increase based on market cycles.
• 📉 For AMC, the speaker expects a short-term price decline followed by a strong upward movement, with the stock potentially surpassing previous highs and reaching at least $17.50.
• 🚀 Coinbase is suing the SEC and FDIC, alleging a concerted effort to pressure banks to deny crypto firms access to the Federal banking system.
• 📊 Bitcoin is expected to close the week above $61,500, with the speaker suggesting a break above $63,000 as the best-case scenario.
• 📉 The S&P 500 could potentially see a correction, with support levels around 495 and 489, hinting at a possible pre-election downturn followed by a rally.

Q & A

What significant change in GameStop's open interest was mentioned in the transcript?

The open interest in GameStop had a spike with large increases and decreases, and over $300,000 worth of puts were sold off and transferred to calls.

What was the unusual activity in GameStop's options market?

There was an unusual activity with almost $800,000 worth of calls being purchased, mainly at the $20 and $5 strikes that expire the next day.

What recent development did Chewy, a company owned by Ryan Cohen, announce?

Chewy announced a $500 million share repurchase from BC Partners, in addition to the existing 500 million share repurchase program authorized on May 24th.

What was the change in AMC's short interest according to Ortex?

A decrease in AMC's short interest to 14.87% was reported by Ortex, suggesting that some short sellers may have started to exit their positions.

What is the current trading price of GameStop mentioned in the transcript?

GameStop is trading at $25.81, which is an increase on the day.

What is the predicted price range for GameStop before its potential retracement according to the video?

The predicted price range for GameStop before its retracement is between $28 and $29, before it trickles down to between $25 and $23.

What is the current trading price of AMC mentioned in the video?

AMC is trading at $4.70, which represents a 43% increase on the day.

What is the potential future price target for AMC mentioned in the transcript?

The potential future price target for AMC is between $13 and $17.50, based on previous cycles and current market analysis.

What recent legal action has Coinbase taken against the SEC and FDIC?

Coinbase has sued the SEC and FDIC alleging a deliberate and concentrated effort to pressure banks to deny crypto firms access to the Federal banking system.

What is the significance of the head and shoulders pattern observed in Nvidia's stock?

The head and shoulders pattern in Nvidia's stock suggests potential weakness and a possible reversal to the downside, with a retest of around $94.

What is the current status of the lawsuit involving Atlas Trading Group and the SEC?

The case against Atlas Trading Group was dismissed without prejudice, indicating that the SEC may have wrongly blamed them for the pump of Torch stock.

Outlines

00:00

📈 Stock Market Analysis: GameStop and AMC Trading Insights

The video script discusses the significant spike in open interest for GameStop, with a substantial amount of puts being sold and transferred to calls, particularly at the $20 and $5 strike prices expiring the next day. It also touches on Chewy's share repurchase from BC Partners, adding to the existing repurchase program. The speaker emphasizes the importance of monitoring companies owned by Ryan Cohen and hints at a potential increase in AMC's stock price, suggesting that the current decrease in short interest might indicate short sellers exiting their positions. The analysis predicts GameStop's price movements and suggests a strategy for purchasing calls. The speaker also shares their Discord announcement about their own trading position, indicating a wait for a selloff to add more calls, especially in anticipation of AMC's next move.

05:01

🚀 Crypto and Tech Company Updates: Coinbase Lawsuit and Market Predictions

The second paragraph delves into Coinbase's lawsuit against the SEC and FDIC, alleging a deliberate effort to pressure banks to deny crypto firms access to the Federal banking system. The speaker commends Coinbase for challenging the SEC and criticizes the regulatory body for not protecting retail investors. The discussion also covers Bitcoin's expected closing price above $61,500 and the potential for a correction in the S&P 500, with support levels identified. Tesla's stock performance is analyzed, with a focus on the need for a full candle open and close above a certain resistance level. The video concludes with news of SpaceX's contract with NASA and Nvidia's potential market reversal, suggesting a weak second push and a possible price retest. The speaker also promotes a Mumu account offer, a custom indicator for trading view, and a Discord server for trading insights.

Keywords

💡Open Interest

Open interest refers to the total number of outstanding contracts that have not been settled. In the context of the video, it is mentioned that GameStop's open interest had a significant spike, indicating a large number of new contracts being opened, which can affect the liquidity and price of the stock. The script notes 'large increases and decreases in open interest' and 'over $300,000 today alone worth of puts have been sold off and transferred to calls,' highlighting the volatility and trading activity in GameStop's options market.

💡Call Premiums

Call premiums are the prices that buyers of call options are willing to pay. In the video, it is mentioned that 'call premiums basically went vertical,' suggesting a sharp increase in the price of call options for GameStop, likely due to high demand and a surge in open interest. This is a key indicator of market sentiment and the perceived value of the stock's potential upward movement.

💡Put Options

Put options give the holder the right, but not the obligation, to sell a stock at a specified price within a certain time frame. The script mentions 'over $300,000 today alone worth of puts have been sold off,' indicating a significant transaction volume in put options for GameStop, which could be a sign of investors betting on a decrease in the stock's price or a strategy to hedge positions.

💡Ryan Cohen

Ryan Cohen is a notable entrepreneur and investor, known for his involvement with companies like Chewy and GameStop. In the video, it is mentioned that 'Chewy, another company owned by Ryan Cohen,' is doing a share repurchase, which is a positive signal to the market about the company's financial health and future prospects. The script also advises viewers to 'keep an eye on the other companies owned by Ryan Cohen,' suggesting that his involvement could be a catalyst for investment opportunities.

💡Share Repurchase

A share repurchase is when a company buys back its own shares from the market, typically to reduce the number of shares available and increase the value of the remaining shares. The video script discusses a '$500 million repurchase of shares from BC Partners' by Chewy, indicating the company's confidence in its own value and potentially signaling to investors that the stock is undervalued.

💡Short Interest

Short interest represents the total number of shares that have been sold short but have not yet been covered or closed out. In the context of the video, AMC's short interest is mentioned as decreasing to '14.87% according to Ortex,' which could suggest that some short sellers are closing their positions, possibly due to the risk of a short squeeze or a change in market sentiment.

💡Fractal

In trading and technical analysis, a fractal refers to a pattern that repeats itself at different scales or time frames. The video mentions that 'when AMC finishes out this fractal,' it is referring to a specific repeating pattern in the stock's price movement that could indicate a future trend or potential turning point in the market.

💡Head and Shoulders Pattern

The head and shoulders pattern is a technical analysis chart formation that often signals a reversal from a bullish to a bearish trend. The video describes Nvidia showing 'an ugly head and shoulders pattern,' suggesting that the stock may be nearing a top and could experience a significant price decline in the future.

💡SEC Filing

An SEC filing is a document or report that a company must submit to the U.S. Securities and Exchange Commission (SEC). In the video, it is mentioned that Chewy announced a share repurchase in a 'new SEC filing,' which is a formal disclosure of the company's intention to buy back its shares, a move that can affect the stock's market perception and price.

💡Retracement

A retracement in financial markets is a price movement opposite to the previous trend, often seen as a temporary pause before the trend resumes. The video script states that 'GameStop is going to finish its retracement,' implying that after a period of decline, the stock may be due for a price increase as part of its ongoing cycle.

💡Cup and Handle Pattern

The cup and handle pattern is a bullish technical chart pattern that signals a consolidation period followed by a breakout. In the video, it is suggested that 'Tesla could be forming a cup and handle,' meaning that after a decline to form the 'cup,' the stock may consolidate and then rise to break the 'handle,' indicating a potential increase in price.

Highlights

GameStop's open interest saw a significant spike with large fluctuations and over $300,000 worth of puts sold and transferred to calls within a single day.

Chewy, another company owned by Ryan Cohen, announced a $500 million share repurchase from BC Partners, adding to the existing repurchase program authorized in May.

AMC's short interest slightly decreased to 14.87%, suggesting a possible exit of some short positions, although the actual short interest is believed to be much higher.

Media outlets are advising to exit GameStop despite its strong financial position with over $4 billion in cash and no debt.

The speaker predicts GameStop's price movements, suggesting a potential retracement before July 2nd as the last chance to purchase.

The speaker shared their position on Discord, waiting for a selloff to add more calls on GameStop and AMC, anticipating significant future movements.

AMC is expected to have a larger price increase than its previous high, potentially reaching at least $17.50, based on the analysis of market cycles.

Coinbase has sued the SEC and FDIC over alleged efforts to pressure banks to deny crypto firms access to the Federal banking system.

The SEC's case against Atlas Trading Group was dismissed without prejudice, raising questions about the SEC's targeting of specific entities.

Bitcoin is expected to close the week above $61,500, with the potential to break above $63,000 if the current momentum holds.

A warning of a possible market correction, with the S&P 500 potentially dropping to the bottom of the Fibonacci levels between 495 and 489.

Tesla's price action is closely watched for a full candle open and close above $197.15 to confirm a bullish trend.

Elon Musk's SpaceX has won an $850 million contract from NASA to build the D orbit vehicle for the International Space Station.

Nvidia shows signs of weakness and a potential reversal with a head and shoulders pattern, suggesting a possible price drop to around $94.

The speaker promotes a Mumu account with an offer of up to 15 free stocks and 88.1% API on uninvested cash.

A custom indicator is offered to enhance trading view charts and improve the trading journey.

Invitation to join a Discord server for trading alerts, stock and crypto discussions, and a community focused on financial freedom.

Transcripts

now by the time we get into the charts

for AMC as well as Gamestop I'm going to

explain to you what I did with my

positioning that I explained to Discord

earlier this morning first of all before

we get into the charts GameStop open

interest had a nasty Spike and you can

see that call premiums basically went

vertical there were large increases and

decreases in open interest and over

$300,000 today alone worth of puts have

been sold off and transferred to calls

in fact GameStop got flooded with almost

$800,000 worth of calls majorities being

at 20 and $5 strikes that expire

tomorrow which is odd as well but some

of this premium could be roaring Kitty

purchasing more call contracts as well

now we also have chewy another company

owned by Ryan Cohen just doing a

repurchase of shares from BC Partners

chewy announces $500 million repurchase

of shares from BC Partners in a new SEC

filing last night they agreed to

repurchase

17,550 th000 shares at

$284 this is in addition to the existing

500 million share repurchase program

which was authorized on May 24th I told

you to keep an eye on the other

companies owned by Ryan Cohen and I said

it would not be a bad idea to allocate

some cash to those companies not

Financial advice I'm not a financial

adviser we saw a little bit of a

decrease in AMC's short interest coming

down to 14.87% according to ortex we pay

attention to it for the trend and the

trend shows that maybe some shorts

started to get out but again we still

think the short interest is much much

much higher than that now these article

writers don't don't give up a comeback

does not appear to be in the cars for

GameStop they say to exit GameStop

before it's too late even though

GameStop has over 4 billion in cash and

no debt and an active CEO they also say

GameStop is becoming a poorly run bank

and destroying the economy a brick and

mortar company that is holding 4 billion

in cash is somehow just ruining the

economy okay now it's time to get into

the charts but if you haven't yet make

sure to like the video and subscribe to

the channel GameStop is trading at $

25.81% on the day every single thing

that we have said has come out to

fruition and I'm going to tell you

exactly what GameStop is about to do

this is exactly what you're seeing

happen in the cycle right now as we

speak and this could end here and

trickle its way back down to around 2350

to potentially 2275 or this could come

anywhere between $28 and $29 before

trickling down to between 25 and $23

same sort of setup either way at any

point before July 2nd GameStop is going

to finish its retracement and I think

that is what's about to happen and at

that point that is the very last time to

purchase now again this could happen

before July 2nd because the cycles and

some parts of the cycle are shrunk okay

so I just want to put that out there

what I did in Discord what I said

announced my position is I'm waiting for

this selloff right here right we made a

little bit of a gain on the recent calls

that we entered on GameStop I'm waiting

for this little trickle down to add more

more calls because I know what's coming

next on AMC as well as Gamestop but

especially AMC and I'm going to explain

why in a second but overall everything

is playing out to a te for GameStop and

with that being said if the Cycles were

to specifically last the same amount of

time as the previous cycle which is not

likely it seems as if th this cycle this

time around is shrunk and shorter which

means the moves are going to happen

earlier and sooner and faster but

hypothetically if that wasn't the case

you'd want to grab at least least July

26 expiration to give yourself enough

time because GameStop's top would be

between July 12th and July 16th

somewhere in that zone if the Cycles

were not shrunk as well as AMC's

wouldn't even begin its run until July

17th okay AMC has to play out this

format right here still with that being

said AMC's trading at $4.70 up 43% on

the day was up more now it is getting a

selloff this right here is exactly what

you're playing out in the cycle as of

right now

on AMC okay this is exactly what you're

seeing here with that being said AMC

about to trickle down at a much shorter

degree than GameStop and then start this

spring action to the upside now I just

want to point that out there this is why

I'm excited for AMC especially because

after this is done right when AMC

finishes out this fractal it's going to

have a much larger move than it did back

here as Gamestop is previously right

based on previous Cycles going to cap

out at the recent high that we hit

around 60 bucks that doesn't have to be

the case especially since roaring kitty

is back but AMC is already likely to

pass this high right around 13 bucks and

come up to at least 1750 which is a

price taret that I called out and I

still think that is the likely scenario

on AMC make sure to share this video

when it's done now coinbase sued us

Regulators SEC and FDIC alleging a in

quotes deliberate and concentrated

effort to pressure Banks to deny crypto

firms access to Federal banking system

finally someone coming at the SEC so

shout out to coinbase we saw the SEC

wrongfully put blame on Atlas Trading

Group for the in quotes pump of torch

stock ticker symbol trch their case was

dismissed without prejudice now why put

the blame on the former CEOs when you

originally put the blame on Atlas we

talked about this recently in a video

but it seems like the SEC is trying to

distract and protect hedge funds they're

not protecting retail investors and

companies that are trying to make a

change in the world the SEC blames the

200% increase in a single week on two

people what about HKD when their stock

increase 19,000 in under a month or the

hundreds of companies that hedge funds

manipulate every day making stocks and

companies lose all of their value fall

99% in half to bankrupt and D list

finally people are shedding light on

what the SEC is doing these corrupt

regulators and speaking of coinbase

suing the let's jump into Bitcoin I said

this week is likely to close above

61,500 that is what what is happening

we're at

61,7 if this holds right which it is

likely to hold for the week we called

out this channel we said these top Wicks

are what pushes us back in and it looks

much better on the weekly time frame but

as of right now I just want to show you

how close we're fighting this channel on

The Daily we want to see Bitcoin break

above and really best case scenario

break above 63,000 and hold above that

right that's best case scenario for the

end of the week for Bitcoin just keep an

eye on it now people are calling out

crashes on Twitter it's not anything new

but the reason I'm bringing this up is

because the Spy has been pumping for a

while now and I just want to warn you if

we do have a correction where are we

going to go this is where we're going to

come down to all the way at the bottom

of the FIB anywhere between 495 on the

spy and

489 okay 495 and 489 all the way down

here on the S&P 500 and if that is

something that we're about to see it is

likely that you see it before the

election okay which means you'd see

something like this into the election

and then around election time you know

the Spy rally back up not necessarily

exactly like I just drew out but you get

what I'm saying here so just take this

with a grain of salt the Spy is still

holding its strength right here but the

momentum the volume isn't as good as we

want it to be Tesla just like we said we

need a full candle open and close above

19715 we said the other day where did we

get rejected basically right at this

level that we have drawn out at

resistance and now we are fighting that

so watch for a decision on Tesla as

always keep an eye on what the chart is

telling you this looks like you could be

forming a cup and handle meaning you

come back down to 187 and build that

handle before moving higher and smashing

that resistance level okay so just keep

an eye on that speaking of Tesla Elon

Musk SpaceX has just won a $850 million

contract from NASA to build the D orbit

vehicle for The Intern National Space

Station and lastly Nvidia Nvidia finally

is showing weakness not only is it

showing weakness but it's showing an

ugly head and shoulders pattern here

showing that this could potentially be a

top for NVIDIA and we could see a

reversal back to the downside coming to

retest 111 coming back up likely to

around 115 and then smashing lower all

the way back down to about

$94 this is something just to keep an

eye on for NVIDIA but again this push

was much weaker the second time around

than any other push that Nvidia usually

has overall guys that is what I got for

you for today's video hopefully enjoyed

watching more found value out of the

video make sure to press the second link

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and of course the top link is my custom

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trading Journey the third link Discord

server probably the most important link

on the list best Discord for the value

I'm in there on the daily with the most

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group chat of people who want to become

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over all that is it I love you all let

me know your thoughts in the comments

Down Below on AMC and GameStop and the

positions that I will be taking Lottery

socks out

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