XRT
State Street SPDR S&P Retail ETF
stock NYSE ETF

Crazy that XRT and etf shenanigans have more power than a company drastically improving YoY outlook

XRT Remains on Reg Sho

# 1. Fundamental Improvements
**Everything points up:**
[https:\/\/www.reddit.com\/r\/GME\/comments\/1ufmj53\/](https://preview.redd.it/g4dd6me60aah1.png?width=640&format=png&auto=webp&s=4df554bf065edd3a7756e5e71b137f5db7188a96)
Yet the stock price hasn't budged. Q1 alone should've made the stock jump past $25, not to mention the forward guidance of >$600M *and* Ryan pulling his pay package. We're long due for a correction.
# 2. Technical Analysis
We're at the end of a wedge almost as big as the one that lead to May '24 spike:
[https:\/\/www.reddit.com\/r\/GME\/comments\/1uil9pp\/ ](https://preview.redd.it/5wnt1xjg0aah1.png?width=640&format=png&auto=webp&s=c035becd85edebec380b31191ad6a1bb029e0d7e)
Wedges almost always break before the end, which highly points towards July.
# 3. Volume Drying Up
Just look at this image:
https://preview.redd.it/4o8e2hpsv9ah1.png?width=658&format=png&auto=webp&s=652f390e8052fe9531aaaae2509a603f43cec110
The highest volume of the day was at 8K, and the smallest one highlighted is **five.** Not five thousand, but **five**. This is during normal market hours, **five trades** were done within a minute.
You see those small flat price lines where the price didn't budge an inch during the whole minute? Those a **highly abnormal** for a public company with market cap in the *billions*. Go find another similar stock with so many flat lines, I'll wait. The last time I've seen volume this dry was before May '24, and we all know how that ended up.
# 4. July 7 Annual Meeting
On July 7th we will know the results of the Proposal 5 ("eBay dilution" proposal, as the shills like to call it). **It does not matter which way the vote goes,** it will be a slight catalyst anyways.
Right now the stock is being avoided altogether by institutions due to *uncertainty* and *legal worries*. Once the vote settles both of these aspects will be gone. At least *some* institutions will buy in if the proposal passes, and at least *some* will buy in if it fails, but right now neither side wants to buy in due to not knowing if it'll land on their side specifically.
Additionally, getting *any* resolution at all might force Wall Street to rebalance their models, which alone will cause massive trading volume and possibly some more bullish valuations from their side.
# 5. Total Return Basket Swaps
This is how most people believe that short positions are being hidden, to some extent at least.
Look, other people smarter than me have done the DD already, but I'm not allowed to link to the other GME sub here so you'll have to find it on your own. Search for "Basket Swaps! 07/31 maturity" and "Let's Demystify the Swaps" to get started as well, as "XRT fail to deliver delayed settlement" posted just 8 days ago.
Let's put it this way: **a big load of TRB swaps will expire on July 31st**. As the swap expires the prime broker will have to unwind their short hedge position, But because these positions are massive and contain various other stocks as well (one ape claims 74), they can't unwind everything on the 31st day exactly. This is why they will slowly unwind throughout the month causing high volume and price hike.
# 6. July 17 Gamma Squeeze
Finally, look at the upcoming options:
|**Options Expiration Date**|**Call Open Interest**|**Put Open Interest**|**Implied Volatility**|**Put/Call Ratio**|
|:-|:-|:-|:-|:-|
|**July 2, 2026 (Weekly)**|71,793|11,313|34.56%|0.16|
|**July 10, 2026 (Weekly)**|24,057|5,194|33.42%|0.22|
|**July 17, 2026 (Monthly)**|**172,349**|**42,429**|**34.96%**|**0.25**|
|**July 24, 2026 (Weekly)**|11,037|1,920|36.15%|0.17|
Two things catch the eye:
1. Absurd Put/Call ratios, heavily indicating a bullish sight.
2. Crazy number of open options for July 17 specifically.
Furthermore, **the IV is only at 35%**, which is the lowest it's been since... you guessed it, May '24. GME's IV is typically above 50% due to its meme status, seeing it this low will definitely bring in more investors (who knows, maybe RK as well).
It's highly believed that May '24 was a gamma squeeze, and that Jan '21 was at least started by one as well, even if it ended up becoming a short squeeze. Simply put, as the stock price rises the dealers end up short gamma and have to hedge on the open market, which *further* rises the price.
If *any* of the other catalysts cause the price to go up, we *will* see a gamma squeeze.
# Positions
A shit ton of shares and 2028 LEAPS from previous purchases, but my most recent addition is July 17 $22 calls. I believe this might be it.

Crazy that XRT and etf shenanigans have more power than a company drastically improving YoY outlook

XRT Remains on Reg Sho

# 1. Fundamental Improvements
**Everything points up:**
[https:\/\/www.reddit.com\/r\/GME\/comments\/1ufmj53\/](https://preview.redd.it/g4dd6me60aah1.png?width=640&format=png&auto=webp&s=4df554bf065edd3a7756e5e71b137f5db7188a96)
Yet the stock price hasn't budged. Q1 alone should've made the stock jump past $25, not to mention the forward guidance of >$600M *and* Ryan pulling his pay package. We're long due for a correction.
# 2. Technical Analysis
We're at the end of a wedge almost as big as the one that lead to May '24 spike:
[https:\/\/www.reddit.com\/r\/GME\/comments\/1uil9pp\/ ](https://preview.redd.it/5wnt1xjg0aah1.png?width=640&format=png&auto=webp&s=c035becd85edebec380b31191ad6a1bb029e0d7e)
Wedges almost always break before the end, which highly points towards July.
# 3. Volume Drying Up
Just look at this image:
https://preview.redd.it/4o8e2hpsv9ah1.png?width=658&format=png&auto=webp&s=652f390e8052fe9531aaaae2509a603f43cec110
The highest volume of the day was at 8K, and the smallest one highlighted is **five.** Not five thousand, but **five**. This is during normal market hours, **five trades** were done within a minute.
You see those small flat price lines where the price didn't budge an inch during the whole minute? Those a **highly abnormal** for a public company with market cap in the *billions*. Go find another similar stock with so many flat lines, I'll wait. The last time I've seen volume this dry was before May '24, and we all know how that ended up.
# 4. July 7 Annual Meeting
On July 7th we will know the results of the Proposal 5 ("eBay dilution" proposal, as the shills like to call it). **It does not matter which way the vote goes,** it will be a slight catalyst anyways.
Right now the stock is being avoided altogether by institutions due to *uncertainty* and *legal worries*. Once the vote settles both of these aspects will be gone. At least *some* institutions will buy in if the proposal passes, and at least *some* will buy in if it fails, but right now neither side wants to buy in due to not knowing if it'll land on their side specifically.
Additionally, getting *any* resolution at all might force Wall Street to rebalance their models, which alone will cause massive trading volume and possibly some more bullish valuations from their side.
# 5. Total Return Basket Swaps
This is how most people believe that short positions are being hidden, to some extent at least.
Look, other people smarter than me have done the DD already, but I'm not allowed to link to the other GME sub here so you'll have to find it on your own. Search for "Basket Swaps! 07/31 maturity" and "Let's Demystify the Swaps" to get started as well, as "XRT fail to deliver delayed settlement" posted just 8 days ago.
Let's put it this way: **a big load of TRB swaps will expire on July 31st**. As the swap expires the prime broker will have to unwind their short hedge position, But because these positions are massive and contain various other stocks as well (one ape claims 74), they can't unwind everything on the 31st day exactly. This is why they will slowly unwind throughout the month causing high volume and price hike.
# 6. July 17 Gamma Squeeze
Finally, look at the upcoming options:
|**Options Expiration Date**|**Call Open Interest**|**Put Open Interest**|**Implied Volatility**|**Put/Call Ratio**|
|:-|:-|:-|:-|:-|
|**July 2, 2026 (Weekly)**|71,793|11,313|34.56%|0.16|
|**July 10, 2026 (Weekly)**|24,057|5,194|33.42%|0.22|
|**July 17, 2026 (Monthly)**|**172,349**|**42,429**|**34.96%**|**0.25**|
|**July 24, 2026 (Weekly)**|11,037|1,920|36.15%|0.17|
Two things catch the eye:
1. Absurd Put/Call ratios, heavily indicating a bullish sight.
2. Crazy number of open options for July 17 specifically.
Furthermore, **the IV is only at 35%**, which is the lowest it's been since... you guessed it, May '24. GME's IV is typically above 50% due to its meme status, seeing it this low will definitely bring in more investors (who knows, maybe RK as well).
It's highly believed that May '24 was a gamma squeeze, and that Jan '21 was at least started by one as well, even if it ended up becoming a short squeeze. Simply put, as the stock price rises the dealers end up short gamma and have to hedge on the open market, which *further* rises the price.
If *any* of the other catalysts cause the price to go up, we *will* see a gamma squeeze.
# Positions
A shit ton of shares and 2028 LEAPS from previous purchases, but my most recent addition is July 17 $22 calls. I believe this might be it.