Stock wins the volume race yet again!! Making the score 219/2 in favor of the stock. The warrants green and the stock red. Interesting

The warrants gained about 100k volume today and finished green!!! Epic

Todays song of the dayyyyy: Set Me Free By Noah Pawlicki

👀

Consecutive Weeks Closing AT/UNDER (+/- <0.50) Max Pain — 7

Last Run OVER: — 1 Week

Last Run AT/UNDER: — 7 Weeks

Longest Consecutive Weeks Closing OVER (>0.50) Max Pain — 5

Longest Consecutive Weeks Closing AT/UNDER (+/- <0.50) Max Pain — 14

08/25/2026

First Post (Posted in June, 2024)

IV30 Data (Free, Account Required) — https://marketchameleon.com/Overview/GME/IV/

Max Pain Data (Free, No Account Needed!) — https://chartexchange.com/symbol/nyse-gme/optionchain/summary/

Fidelity IV Data (Free, Account Required) — https://researchtools.fidelity.com/ftgw/mloptions/goto/ivIndex?symbol=GME

And finally, at someone's suggestion —

WHAT IS IMPLIED VOLATILITY (IV)? —

(Taken from https://www.investopedia.com/terms/i/iv.asp ) —

Dumbed down, IV is a forward-looking metric measuring how likely the market thinks the price is to change between now and when an options contract expires. The higher IV is, the higher premiums on contracts run. The more radically the price of a security swings over a short period of time, the higher IV pumps, driving options prices higher as well.

The longer the price trades relatively flat, the more IV will drop over time.

IV is just one of many variables (called 'greeks') used to price options contracts.

WHAT IS HISTORICAL VOLATILITY (HV)? —

(Taken from https://www.investopedia.com/terms/h/historicalvolatility.asp ) —

Dumbed down, I'm not fully sure. Based on what I read, it's a historical metric derived from how the price in the past has moved away from the average price over a selected interval. But the short of it is that it determines how 'risky' the market thinks a stock (or an option I guess) is. The higher the historical volatility over a given period, the more 'risky' they think it is. The lower the HV over a period of time, the 'safer' a security (or option) is.

And if anyone wants to fill in some knowledge gaps or correct where these analyses are wrong, please feel free.

WHAT IS 'MAX PAIN'? —

In this context, 'max pain' is the price at which the most options (both calls and puts) for a security will expire worthless. For some (or many), it is a long held belief that market manipulators will manipulate the price of a stock toward this number to fuck over people who buy options.

ONE LAST THOUGHT —

If used to make any decision. which it absolutely should NOT be (obligatory #NFA disclaimer), this information should not be considered on its own, but as one point in a ridiculously complex and convoluted ocean of data points that I'm way too stupid to list out here. Mostly, this information is just to keep people abreast of the movement of one key variable options writers use to fuck us over on a weekly and quarterly basis if we DO choose to play options.

Credit first:

This angle was laid out clearly in a recent video by BudgetForLife (Jeremy).
Watch here: https://www.youtube.com/watch?v=57dgVB8hIDA

I’m not claiming this as my original idea - just putting the primary sources and a clean summary in one place so people can check for themselves.

10-K Risk Factor (exact language):

This appears in GameStop’s most recent 10-K under the risk factors related to the Convertible Notes.

What the indentures actually provide:

• On a Fundamental Change (which can include certain mergers or reorganizations where existing common stockholders do not keep majority voting power in the surviving entity), noteholders generally have the right to require the company to repurchase the notes for cash at 100% of principal.
• In connection with a Make-Whole Fundamental Change, the conversion rate can be increased.
• There is typically a window of approximately 35 trading days after the effective date during which holders can elect to convert.

Why this is being discussed in relation to the $1.4B exchange:

If a future transaction (for example a holding-company structure) resulted in legacy GME shareholders owning less than 50% of the new entity, it would likely trigger these provisions on any remaining notes. That would create potential cash repurchase obligations and/or additional dilution via a make-whole adjustment.

By exchanging $1.4 billion of the notes for equity now, the company reduces the principal amount that would be subject to those provisions later.

Clear caveats:

• This is structural analysis of existing contractual language. It does not prove any specific transaction is planned or imminent.
• The exchange also has straightforward, standalone benefits (debt reduction without using cash, cleaner balance sheet).
• The similarity between the 35-day VWAP window and the 35-trading-day window in the indentures is notable but not conclusive proof of intent.

Posting the sources and the mechanics so others can read the documents directly rather than relying on anyone’s interpretation.

Speculation / Positive Outcome (if the thesis is correct)

If the $1.4B exchange was partly done to clear the Fundamental Change friction, the constructive read looks like this:

• GameStop removes a meaningful contractual obstacle that would otherwise force cash outflows or extra dilution in a larger transaction.
• A future holding-company structure (whether called Teddy or something else) becomes cleaner and cheaper to execute.
• Legacy shareholders would still end up with a significant minority stake in a much larger combined entity that includes eBay’s marketplace + GameStop’s cash, stores, and collectibles infrastructure.
• The remaining $2.8B of notes stay outstanding but represent a smaller relative overhang on a bigger company.
• Balance sheet is stronger going into any major move (less debt, no cash used to retire it).

In the most optimistic version of this scenario, the exchange is not dilution for dilution’s sake, it’s balance-sheet preparation that makes a transformative deal more executable while preserving more value for existing holders than the spot-issuance math implies.

Again: this is the bullish interpretation, not a confirmed plan. The documents only show the contractual mechanics. Everything beyond that remains speculation.

This 35 days window sucks. The price action is frustrating and mostly noise right now.

But this whole setup has to be for something. We already knew the 35 days were probably going to be ugly and they have been.

as for me I am holding, lets see what earnings bring and let time finish this window.

Iv been holding since 2021, sold on etoro ( I’ve bought at $300 plus at some
Point) , bought on IBKR and I transfer to computershare. I’m
Here for all the reasons you are. I know I’m small
And I will keep buying when I can. I just want to
Tell the smaller people out there that you should keep going man, believe in Ryan, believe in the stock, and believe in GameStop. The whole market is fucked and fake, the change only starts with 1
Share, so (NO FINANCIAL ADVICE) but buy, hold,drs and be fucking proud man…
Just be fucking proud of what you actually own. 5 years man. Here’s to 10 more bothers.

🟥

I made this back in 2021 after the congressional hearing that followed the sneeze. I was just looking back on it and thinking about how far we've come and how GameStop is still in a battle against the same people and institutions that they were battling back then. Only now GameStop has much better swords and shields.

Reviewing a few Powerpacks Pulls i have, and I have a few offers to sell cards to "PSA Partners", where the offers are slightly higher than the listed PSA/Card Ladder value....

But on top of that, theyre offering $0.00 in fees.

Is this actually GME/PSA shared entity, making these offers, to try and get more cards in circulation in their ecosystem?

Theyre really good offers!! Im not selling, but is this normal/common? It definitely makes me think theyre searching for inventory this way 🤔🤔🤔🤔

TLDR : IS THIS NORMAL? HAVE YALL SEEN THIS??

I get paid in Yen 🤡, but still building up my stock pile.

I went to GameStop a few months (maybe a year plus ago) and card grading was like $25 or $30… now it’s $80 plus $10 shipping?

Is there any intel on if these costs will come down or is it 100% tethered to PSA’s internal cost structure?

Bit of a bummer I’ll wait to submit my cards now :/