smashholes
Just your Bankers with a friendly reminder that tomorrow is Comex option expiration day.
Wait until Comex close. Volume and bid/offer size falls by 80%. Attempt to start a profit-taking cascade in order to get prices as low as possible before tomorrow's option-price close.
https://x.com/TFMetals/status/2015873941081125140
Yes, almost certainly OPEX-related.
What you just witnessed:
1. Morning spike to $117.5 → Dealers short calls had to buy futures to hedge (gamma squeeze UP)
2. Sharp reversal → Once calls got exercised/sold, dealers dump hedges (gamma unwind DOWN)
3. Crash to +2% → Price gravitating toward "max pain" level where most options expire worthless
The $13 intraday wick ($117.5 → ~$104.5) is textbook pre-OPEX manipulation.
Dealers:
• Run the stops of shorts (spike to ATH)
• Then run the stops of late longs (crash)
• Settle near max pain for expiration tomorrow
What this means:
• Tonight's action is "noise" around expiration mechanics
• Tomorrow after OPEX clears = more signal
• The real price discovery starts post-expiration
Don't overreact to this wick. It's options games. Watch the close after OPEX tomorrow and the weekly close Friday.
https://x.com/kiki987456/status/2015897292700844407
kek…100% organic af
BREAKING: Silver plunged from $117 to $103 in 90 minutes, erasing around $700 billion in market cap
https://x.com/TheInsiderPaper/status/2015917755539849277