what is up everybody Bronx Viking here hope you all had a great Labor Day weekend a great summer uh you know I don't do these updates too frequently for GameStop uh only when I see something really noteworthy occurring or interesting on the chart or the flow or news in regards to the company and uh we definitely saw that happen over the past few days so uh this is going to be my breakdown of what I saw come in with flow where I see we can possibly go from here levels I'll be watching um as always this is not um any kind of financial advice or you know telling anybody to buy anything hold anything just always do what's best for you in your Port um I'm always do what's best for me in my port uh but definitely some interesting stuff to go over so let let's have at it so GameStop two really strong back-to-back days on Thursday and Friday off the back of Wednesday's 8K filing terminating uh their lines of credit with Banks letting them know that and shareholders know that they're effectively going to be operating off of their own cash that they raised off of the offerings the $4 billion off the last two pumps uh and any other proceeds generated from the business going forward um what that can mean for the company uh mean there's lots of good speculation breakdown on actually superon from some attorneys uh and what they think mean in terms of a possible dividend or share buyback or anything along those lines maybe a merger and acquisition so uh in my opinion that's what really possibly sparked this run and it's something that was kind of overlooked at first overstated but um the same thing was kind of said about when Ryan Cohen extended his uh deal to remain CEO of GameStop for a year back here in April that really kicked off uh the last run um obviously it was roaring Kitty that just you know completely uh blew the lid off it but he started buying after the co and news so that's what we're kind of trying to figure out now right is this is this roaring Kitty again uh driving the price up through options activity um and before you I started hear any comments of it's he didn't do it it's not him BL like okay sh yeah he's not controlling the the price himself however he is a he's a catalyst so calm yourself um so what we saw happen back here was you so the Ryan Cohen announcement we saw a change in the chart structure right we were in a prolonged downtrend for years and years and years uh the news came out right around here and we saw a nice reaction off of it and then it kind of fizzled out and then we saw an even bigger reaction kind of come in and this is all off the back of options activity right so let's get into the flow that did come back in here around you know end of April 2024 into early May 2024 and I covered this more in depth in my first few videos but I'll just do a quick a quick catch up so we'll start with the the 20 C's everyone knows about the $20 calls for June because honestly that's the one that raring Kitty DFE disclosed himself on his his Reddit page right but people want to know is well how did he get you know 65 million dollar or whatever it was to buy you know more shares of GameStop to buy all these calls in the first place uh and it's my opinion that you know once that Ryan Cohen news came out in April he was buying calls back here right he was buying these 12 C's right April 24th April 24th uh little over $320,000 Worth right uh we have to go way back because this is now here yeah right there so huge outlier in the price action on the 24th sold him off over here on May 15th and then he kind of you know as he was reshuffling and grabbing those 20 C's uh why do I think or feel so confident that he bought those $12 calls uh when he never directly announced it well so remember the two numbers I'm telling you right now $112 calls and $20 calls right the 20s we know of for those of you that were around for uh his original purchase on GameStop back in 2021 the two strikes he had were $12 calls for April expiration and $20 calls with his leaps right and these were purchased back in like I think June oh sorry January of 2021 right but he he he's very cryptic we all know that uh he likes leave these breadcrumbs for you to find so $12 calls in April and $20 calls right so I mean think what you will but and $5,000 blocks too right so$ 5,000 5,000 was this him also buying these even further out the one ones 25 and 30s probably probably him as well right in my opinion with whatever cash he had on hand from the last run whatever proceeds he had from that so remember those those 12 and those 20s so we're not seeing anything like this quite yet where you know 5,000 5,000 5,000 right these crazy blocks coming in millions and millions and millions of dollars uh in at the money calls at the time right so his firsto was buying out the money with those 12 when this the stock price was around 10 in change and then now the most recent one uh after that was the 20s in the money right and he continuing to buy those even as the price ticked up and ticked up and ticked up uh we saw them coming in right so 25 22 23 so he was still buying these and he bought obviously a ton um and that's what really helps Drive the price up of the stock uh big money notices this they see tons and tons of uh call options coming in and it's a good sign for them to exit their shorts to get out or or to ride the wave right not not every fund is going to be a short right so you see institutions start to come in smaller institutions there doesn't have to be a major one right aoya Citadel s Guana Black Rock you know it could be there's tons and tons of mom and pop shops out there that can also capture the momentum and ride the wave so uh now that we have that out of the way and seeing that ramped up action activity that small Surge and volume let's get to the past few days and what we saw so so this back here right was August 28th uh the day after the 8K folling like I said nothing was really going on here there was no real flow net coil premiums actually sold off down a million right so looking at the chart as well you know let go back and forth here bear with me and you see right calls were selling off as was the price right there was no positive gamma pressure there was no options coming in to really drive that drive it up um but then right Thursday we start to push up and what happened on Thursday we had a really good coal premium day uh for those those of you that know me that when I post a flow um and this this chart is specifically unusual whales the net premiums the co premiums um I don't like posting things non-stop because like I said a lot of it's to be ignored like people are posting like 300K days 200k Days 100K days like look there's no pressure being app plot in the stock just look at the chart right this is the stock price the share price here and then look here as calls are being sold off sold off sold off sold off look at the trend right and then when you have massive coal buying come back on the 29th look it's driving up the stock okay so that's why you don't need a ton of actual uh share volume to come in on the on the chart right because look I mean it's still relatively low it's not like back here right but when you have all that positive coal pressure and like I said just sending a sign um to start some short covering so and we saw that uh on Thursday and then we saw even more continuation on Friday where we just blew through the roof I mean this is the 14-day chart right so look it's by far the biggest surge in calls in 14 days go back 30 days as those you that follow me on Twitter know uh same thing I said I this is the best volume we've had in well over 30 days and it is back to July 24th I wish uh unusual whales went back further with their net premium so we can really get an idea of the context of how big these are um we can kind of take a peak with overall options volume and so I mean you can see candle premium so total calls for that day 316,000 calls 54,000 puts uh a little less the day before uh we can go back like I said 60 days back to June and you see like in the context of the overall squeeze in May and June we're still very low um but there's a clear Trend right this is flat flat flat and Boop popped right up and the stock price went with it so in order to get to like a real squeeze level we really want to see like this kind of volume back here and this is you know 60 million 300 million a billion um yeah 700 million 8800 million in Co premium so we got a long way to go there's only 32 million on Friday and only you know roughly 20 million 19 million on Thursday uh but that just lets you know if we're moving 7 to 10% on those little premiums it's a good sign so far um what's really going to take it up a notch from here um is if there is any real Catalyst coming around the corner like I mentioned the first Catalyst or the most recent Catalyst back in April and May uh was really DF right uh roran Kitty like I said you had the Cohen uh announcement and that could be similar to the 8K right now so what's going to be our roaring Kitty uh Catalyst it could it be him again yeah yeah possibly you never know uh could GameStop or Ryan Cohen themselves say something introduce something whether again it is a dividend or an acquisition of a company putting that $4 billion to use that's all speculation uh I don't know but it will take some sort of catalyst of that magnitude in my opinion to really see a huge Spike where we're getting these you know 50 50% Gap UPS 100% days right Etc the really really fun squeeze that we saw back in the in the spring so let's let's jump over to the chart and uh again those of you that follow me you saw that I really wanted that $23 level uh recaptured reclaimed right because back here off this this double bottom the neckline would be right around here that 2270 but there was still tons of like Supply and resistance anywhere from like I said 2270 up until about the 50-day moving average which is this line right here all right I posted about that as well um and we stopped right at it uh in the early portion of the day let's get to the 15minute Chart before the pennant breakout right so that's the 50-day right there um and we had this selloff but if you just look at the volume profile on this you now we had really great bullish volume on really widespread candles right means the candle body um so it's it's legit it's legit buying pressure and you could kind of see that the pattern all the way from the runup throughout Thursday into Friday right like something that should jump out at you looking at these bars over here just color that up um I mean look at like like I said the buying bars uh compared to the selloff right the really low volume on these candles uh that's letting you know it's kind of aazy right there's not that much sell pressure going on um and then you're kind of pinned back here but it's still holding right someone is someone something whether it's options activity actual coal buying uh sorry share stock buying whatever it is is holding this near $22 level and we flatten out uh for most of the day until Friday and then we get to the afternoon and as this is going on the coal premiums continue to hold right so I said we're flat here year at this point we're up 1 million which is still one of our best days for calls uh like I said in a in a at least a month few weeks whatever it is right and they're holding they're holding they're holding they're not selling off and also puts aren't coming in either no one's shorting this thing on that side and then what happens then we get a nice little breakout uh so the breakout occurs before the options volume the call volume comes in and then it starts to drive it up along with it and this is when we ticked the 50-day moving average and and off that hard tick something that should jump out to you is calls were not budging they were not selling off uh and usually like I said when I track premiums for other names whether it's Nvidia Tesla spy whatever um if you see the stock selling off the share price selling off and calls dumping it's a pretty good sign that it's legitimate uh sell pressure coming in and we didn't see that um so this little dip right here is this bear trap that I highlighted right and the way I caught that too is like I said obviously the calls were holding on as I mentioned but look at the spread of this candle it's a huge drop and the volume wasn't even close to the volume that was driving it up and that came in afterwards to keep the price uh propped up and apply pressure on that $23 level so we got into this Supply zone right where we weren't closing any candles right we we popped through here uh utad it up thrust after distribution and just sold right off here like we came above 23 trapped anybody that was trying to chase calls on the break of 20 on the break of 23 and that's why I always say I always like to see support built out above these key levels and real buying pressure come in so here right you had a little pop not crazy volume and then nothing came to support it so just capitulation sell off tra below 23 made another attempt to get above it and then just sold off again here was exact opposite right great volume came in uh low pullback volume good volume to keep pressure towards that 23 again and then we started riding the 15minute 90 ma that's this red line here held that closed candles above it closed candles so bears and shorts weren't able to drive the price down drew that shared that out um and then at the very end of the day we saw that great pop biggest volume of the day which is which is pretty standard right you usually see your best volume of the day uh on the opening candles and on the close right just because people are repositioning they taking profits or they're getting fomo heading into the weekend right so there's a lot more activity coming in people know it's their last chance before the holiday weekend uh to to grab a position uh and the flow also backed it up right so this entire time even on this dip right here people saw the flag consolidation like myself the pennant and we're still adding that adding that adding that adding that and then you just see the price like I said rip with it at the very end of the day um so now we'll get to kind of some more specific flow uh the ones that really stood out to me uh let's see yeah so on the 29th we had these 2350 C's come in uh for 920 so 920 expiration it's after GameStops earnings it's a monthly uh Opex options expiration which means it has good liquidity on the Chain the spreads are usually going to be pretty good but this one in particular this even had a widespread I remember sharing that uh it was like the bid was 100 the ask was 140 and they filled all at the ass so they really wanted those contracts right and then we get the L in a second after that that next day or sorry right before close we saw calls come in for that next day that zero GTE um I think it was the 20 C's I highlighted right if I get to it um let just jump on the flow so this is yeah so this is actually on Friday we'll get to the 29th yeah these ones right here so someone was loading up these in the money calls for Friday so they were whoever that was was very confident that we're going to see some continuation because I mean you get you get any kind of Gap gap down on these even though they're in the money yes and the Delta is relatively high on them I mean it it's still a real ballsy move and a real confident move uh so that to me was like well someone someone really feels good about what's going on here and now do they know something we don't is always the question right um are they convinced that this something different is going on that really good options activity is coming back that they believe or think dfv is back they know something that's going on with Cohen and GameStop uh did they get word that Larry Chang is heading to uh GameStop headquarters in Texas to possibly vote on something something or agree on something or discuss something uh fundamental with GameStop we don't know that right that's all just conjecture and specul speculation but we do know from our standpoint as Traders looking at the chart and watching flow is that the sentiment is definitely shifted so then we get to to Friday and you started getting some really interesting orders starting to come in uh specifically these two right here these 21 calls these in the money calls for uh that same September Opex post earnings right and this this one to me uh it was over 2,000 it filled for 1999 right there on the size of the block but it was over 2,000 yeah 2061 I mean it could have been 1999 just in that one block and then filled in a few or others around it as someone else was buying the same strike but this feels a little bit more like what could be a dfv buy uh he does like to give people of like these warning shots before he just starts going you know Full Speed Ahead buying all these contracts so like I showed you guys back here um right in April he bought these calls um before he started dropping millions in millions and he said maybe he didn't have the millions yet um but he likes to give you know like I said go for an initial position and then really just drives it home and you know my speculation is always he wants retail to get on this right he wants uh to give the little guy a shot so again take take for that as you will but that's just my opinion of my speculation on why he does why he does possibly so anyway so those 660k uh 660k worth of 920 uh 21 C's really stood out and then shortly after that 6 minutes later we see these 30s right and that also fits the bill for what he likes to likes to do with his options right as mentioned with his initial position back in 2021 right he bought $12 calls and $20 calls right he he takes two positions and yes one was a leap uh and one was a little more short dated four months out at the time but like said no pun intended but pun intended the game has changed this time around right like uh the contract's more expensive there's a lot more eyes on the stock right now it's not really worth it for him to buy leaps that's he's just so much money tied up in shares why is he gonna pay you know eight 900,000 for an out the money contract while while they're so expensive it's not really worth it uh it's only worth it for him to play these short dated things these short dated calls and that's again why back in April and May he was buying for you know one month out and then in again in may he bought for June one month out and that fits the bill with what's going on right now is he's buying or someone is buying for one month out because that's again that's the only real value in my opinion on these contracts and look at this the bid ask is really tight right there 104 105 so if the position moves against him he's not really going to get smoked um yes they're out the money uh there's no intrinsic value on the contracts but like I said he can it's not like a bit ask of like 150 100 and if the stock has bad news or something he has to sell at a 50 60% loss almost immediately because he can't get a fill selling those contracts so these 30s really really jumped out um and they they kept getting hammered right um here at 2:48 in the afternoon they got filled and then 305 a little bit later they got filled uh we'll check the open interest um come tomorrow morning when Market opens but throughout the rest of the day I mean these just these just kept getting pinged and you see for the most part they were all at the ask right the red means they're at the bid most likely sold but but see the green I mean es 550 es 1300 es the 2021 um so really good options activity driving this thing up and again could this be an institution could this be a lot of retail fomo um it it could be and I think that's what the rest of these ones are over here these random 26 27s 23s 17s 2450s right like it's all across the board like these are your retailer retail Traders coming in uh in my opinion but these repeat dings um this is some this is one person one individual all right so now let's let's go back to the Chart oh we here uh on the weekly look right so Not only was that 2350 level uh the 50-day moving average it was also kind of a key support resistance flip meaning that back here in June this 23 and change 2326 is acted as support kind of support over here right and then it just knifed right through um and we popped back through it on Friday uh so typically you know you'll come up on low volume you'll reject the support resistance levels and then you'll sell off hard uh so as long as we kind of Gap up and remain Above This $23 50 level um then in the next few days I'm feeling good about a move to at least 26 right and it doesn't sound crazy I know you guys want me to say h $50 $45 $100 whatever I'm not here to Hype up that I'm just looking at it like any other chart uh level by level so and even a move like that you know a nice 10% move that's fine and then from there you want to base 26 you base 26 then you get to 30 and 30 lots of Supply up here uh it's a huge psychological level that a lot of people including myself like remember when it got like 2930 uh we're all waiting for it to base there and get a close above that and it just it just couldn't right so a lot of Supply from anywhere from 29 all the way up to 34 so that's going to be the next tough level but for now like I said work on holding 2350 then make a push to 26 uh something else interesting uh sorry one last thing on there so if we get a gap up above 2350 uh it'll be a candle open above that 50-day moving average which would be very strong in my opinion because that's what we had happened back here on the daily N9 and the daily 20 this yellow and these red lines right here which are about to all cross back up you see when you open a candle above that and use it as support it becomes a nice launch pad to kind of push right through up to that next level so that's what I want to see and you can see the support resistance flip a little more clearly here on the daily chart so the fact that we didn't I mean came up here tried to get to it and reject did try to get to it and rejected here um the fact that he said we're applying pressure on it uh is a good sign so just want to see that Gap up and if we Gap up at like 24 and change on on tomorrow Tuesday and we pull back a little bit I want to see again that that 2350 minimum like 2330 23 even 2310 but it just has to stay above 23 you come back you back test 23 it starts acting as support again like back here that can start our next little pushup and slow grind up depending if we get a catalyst or not if options act if coal options keep pouring in or not back to that 2829 level and that'll be a really big deal so let's get to the Daily the macd like I was just about to touch on U sorry not on this chart there we go my circle down there so we did get a macd cross up which again an indicator is just an indicator but you know when using Confluence with several other things like said like volume like coil activity uh it can be a very useful tool so just like back in April like I said with the Cohen the first round of DF Co buying we got a macd cross up there was riding the were riding the daily 9es and 20s just like I mentioned back here and then we got a good Catalyst push into here right so we see another one here we got a daily macd cross up on that Thursday and then we got the good follow through um on Friday we did have one back in July it was shortlived last for a few days we got to that Supply zone right that resistance around the 29 as mentioned uh couldn't hold it and rolled back over and start another downtrend to test more and locate more demand and liquidity for the stock uh we had a nice pop through here uh back in June I think this is when they announced the first round of dilution or the offering was completed right so Catalyst relief daily macd cross up so macd has been relatively reliable with GameStop I'm sorry we did have one back here that I did not highlight right so cross back up there but that's when I was trying to break out Above This 23 and couldn't right so the fact that again we're pushing through we're holding this we're applying pressure we didn't gets smacked really hard off the 50-day uh everything is coming together nicely for another run and again the size of that run is all going to come down to uh if we get a catalyst or not it's really that simple now could this activity also be people trying to front run a bullish earnings yes yes no doubt people could like I said be get in their lot positions now in hopes that GameStop has a great earnings uh blows the socks off everybody and start coming around on the company uh and IV starts creeping up right the contracts you bought become more valuable because uh a bigger move starts to get priced in depending on earnings whatever the implied move is I'm not sure what it is at this point in time the implied move for earnings uh the options Market asides that and I'll share that update with you guys uh once it is kind of released and forecasted but for now like I said there's there's a lot of things around the corner uh possibly Brewing so we're just going to keep on tracking tracking the flow unusual activity uh strong call premiums strong price action on the chart and that that's really all we can do uh never buying anything off of just a theory or tin foil or speculation uh like I said you can you come with a theory why the charts moving why the price is moving but at the end of the day you want to see that price action and Co activity really backing up uh whatever position you took whether it's the upside or the downside right uh like I said whoever bought puts back here made a killing and and congrats for you seriously if you you bought puts back here in the 60s and rode that all the way down I have nothing wrong with that I really like I said if you're making money off this thing it's a stock market that's what we're all here for is to make money so so that being said uh that's all I got for now guys if anything changes I will obviously add more updates more videos but for the most part I'll just keep doing what I can on Twitter between my work in the Discord uh and hopefully this helped you guys make the best decisions for you and your portfolio so thank thanks very much uh enjoy the rest of uh your afternoons your evenings and I'll see you guys bright and early for hopefully a really big gap up cheers guys thanks