Consider WSB position right now, if they really have gone all in. They're out of cash, and all their NW is in GME stock. Now what? They're stuck. Without cash, they can't apply buying pressure. If they sell, that creates selling pressure.
Look at the stock price moves. Wed, Thurs, and Fri all opened with a spike in GME stock price, a display of power from Wall Street Bets - and that was impressive. But the Wednesday close at $347.51 was followed by a Thursday open at $265, because several brokerages blocked buying GME stock. Thursday was a down day for GME, showing that WSB is not a freight train.
Although Friday opened strong, the closing price was much lower. And further, the "gamma squeeze" of WSB would be aimed at options that expire every Friday. If they want market makers to suffer, why reduce the pressure Friday? Or today?
The stock price fell slightly over the weekend, and then fell some more after moving up just 2%. It looks like someone is selling.. but who? Not only do WSB investors have tons of GME, they went all in, and have nothing else. I think the explanation for today's price change is people selling their WSB stock. That's how they could afford to go after silver, in my view. If they're not selling, why is the stock falling? And why would silver be pushing much higher right as GME falls lower? That seems like too much a coincidence for me to blame in on their enemies, the hedge funds.
Look at Robinhood getting a $2.5 billion loan on short notice. Hedge funds and institutional investors have far more than that, and some of them seek to find a profit in events like this. I think WSB lacks cash, while their opponents have drawn on billions of reserves to profit off the situation.
The calls I sold are a very tiny part of my account at Interactive Brokers - they won't move the needle if I'm right. I sold calls near the top end, and plan to "buy to cover" if the share price gets within $100-$200 of my strike price. But take a look at Feb 5 and Feb 12 options - the highest strike options lost 75-80% of their value today. If the gamma squeeze targeted last Friday, that makes sense - it's over. But if it targets this Friday... they are paying a premium for options that aren't helping to push the price up. They're wasting their money.
Based on what I see in the markets, WSB is probably losing. They might attack again this week, but I think they'll meet opponents with much deeper pockets, who will absorb their buying power and profit off the attempt.