SPY closed 0.00% and AMZN got pinned at 130

Good morning RIGD.

It’s Saturday but we’re feeling frisky so you get a report today. Lucky you.

Max Fuckery Friday truly lived up to its reputation perhaps even more so than usual.

Here’s what we said in our preview:

One would think the largest July OpEx ever would bring some fireworks, but the only group it ended up working out for was the lizard people market makers.

Seriously… just look at this insanity!

Friday’s $SPY volume was 71.276m vs average volume of 70.226m

$AMZN closed up 0.03% at exactly $130.00 on 133.307m shares traded versus an average of 63.26m.

You have tens of millions of these shares trading, the largest July options expiry of all time and you get SPY at 0.00% not a bp above or below and $AMZN perfectly pinned at 130 on 110.73% higher volume.

You already know but we’re going to fire this meme regardless…

On Thursday one of the more intelligent, handsome, charming, devious, wonderful members of the RIGD team said this in our private discord:

“tbh i may not trade at all tomorrow. unless it looks like we are trending one way or the other. scared of chop chop”

We can’t say enough good things about this person - and damn was he right.

Following directions, having an IQ above a resting heart rate and coloring in the lines is not the strong suit for some who still tried to chase the move (see example here).

However not everyone falls into that category. There is a doctor in our midst who did the smart thing of taking a 15% gain in a matter of minutes and avoiding MFF.

The man was 100% correct but couldn’t get a single upvote. Shame on us.

Friday changes going forward:

RIGD AI’s core functionality is 0dte alerts (same day option expiry) traded intraday (same session).

We’re constantly tweaking and fine tuning but it works really f’ing well with the best example this week coming on Thursday’s QQQ dip.

These contracts ran 300%+ or 215% if held until the end of the day.

That said RIGD AI does not work as well on Friday!

Why?

Friday is option expiry for every liquid name, making them 0dte.

That’s a massive shift in market structure and option flow compared to the rest of the week.

Yesterday was the monthly OpEx (Friday before the third Saturday of the month), where even more contracts expire.

Given these changes we’ve made the following decisions:

Terminology: FF = Fuckery Friday and MFF = Max Fuckery Friday (monthly opex)

MFF Shutdown: On MFF we will be disabling the app and force you to go touch grass. There are only 12 of these per year, we don’t have enough data and aren’t particularly interested in building a model around it. Consider it a forced three day no degen weekend (unless you bet sports like a dummy).

FF Warning: We’re going to throw a big ol banner up and maybe even force you to type “i am a degen” to receive alerts on Friday. Tweaking things and getting better alerts is a priority for us, but work here is ongoing.

tl.dr on FF and MFF there’s all noise and not enough signal. RIGD will be disabled on MFF and consider FF the battlegrounds where only one man will be left standing (likely not you).

We’ve shipped a number of updates to the app this week which brought better functionality to our flow pages and historical tab.

Next we’re excited to improve our data feed and non-existent dashboard.

Here are some of the things we’ll be tracking:

Id Day Date Time Session Strategy Score Symbol Price Side Strike Price FR (Florb Ratio) FS (Florb Score) Winning Trade Range High Range Low Max Drawdown Drawdown Time Max Gain Hold Time Session Max Loss Hold Time Session End Price End Return Open Price Change from Open

It has been challenging to get all of the different data providers to play nicely with our application, but we’re proud to say that the $3 development team we outsourced from the island nation of Nauru is doing great work.

Yea… that’s gotta be inside information

Movie theatre meme stock $AMC lost its court battle on Friday. They wanted to raise equity and cash by convert $APE preferred shares into common stock which would have diluted shareholders. Bloomberg does a good job covering the story.

No dilution and no conversion means rippy rippy with $AMC going up as much as 100% after hours to $8.80 per share.

The stock market is RIGD, someone knew and someone is going to be ridiculously rich come Monday unless the SEC comes knocking before.

Here’s the trade and timing:

3:54:22 - AMC $3c - 9/15 expiry - 1500 contracts - 1.47 each - $220,500 premium

This lizard is either super bullish on Barbenheimer and the revival of the theatre business while millionaire actors are crying on the streets about the strike.

Or they knew the ruling was coming down in the favor of shareholders and wanted to put a big trade on so they dragged the expiry out to 9/15 because it would look a little less suspicious.

Very cool waiting until five minutes before the close.

How much money are they going to make on this trade?

If the after-hours price holds at 7.17 they wake up Monday morning with 187% return. Given the short interest, meme mania and “AMC army” it wouldn’t be surprising to see this thing keep running. At 8.80 it’s a 296% return.

You’d think it would be more but because the contracts were already in the money and long duration (Sep 15 expiry), it’s not that crazy.

Which begs the question…

Is it worth trading on insider information and the possibility of jail for only a 187% return?

Why wouldn’t you just use RIGD instead?

(just not on MFFs…)

Stay frosty!

P.S. please forward this email to at least one or two of your favorite degenerate friends for 8 or 9 months of good luck and good fortune. failure to do so while result in horrible horrible things. thank you.

Quick note on the beta:

Firstly… We do not recommend this product to anyone.

Why?

RIGD AI contains option alerts. Options are extremely volatile, high risk financial derivatives. Trading options will likely lead to a complete 100% loss of capital. You assume full responsibility for any actions taken when using RIGD AI and acknowledge you will lose all of your money.

Okay… the beta is closed and will re-open early next month.

We’ve been heads down building RIGD and don’t have any of the normal app functionality yet. Option alerts are priority numero uno.

Again we do not recommend it. Options trading (especially 0dte) will likely lead to a complete 100% loss of capital meaning no money and no b-tches.

Then again if you already have none… how much worse can it possibly get?

thanks for reading THE REPORT by RIGD AI

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