$GameStop (GME.US)$ Did anyone notice there was another call...
$GameStop(GME.US$ Did anyone notice there was another call option at 20 strike expiring on 6/21 bought today again? 5000 contract, even after the price has been pumped, and they are still buying...It is very interesting to know who it is and why....Something is brewing indeed...
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DipHunter : Definitely, but I wonder why. This is the info everyone can get, would we buy just because of these calls?
70195760 OP DipHunter : Of course not, everyone needs to know what they are expecting before buying. My question is, it is really uncommon that someone is buying and looks like the same date and strike price. Why?
70195760 OP : Another one just bought at EST 12:40 again....
DipHunter 70195760 OP : I would guess that’s RK’s position, that’s why it is so obvious for the retailers, but let’s see. $20 call, 06/21, what are the options when this person exercise all the calls.
1. If it pumps to the top, it will be a major sell off, I get it.
2. But what if the stock remains above 20 until 06/21, he would lose all the cost for buying the options, then what’s the point?
3. What are the benefits of buying this for shorties?
5060 DipHunter : because no real shares exist.
70195760 OP DipHunter : First, I’m not sure if it is his position. And to be honest, I don’t know why he would do this GME again if he has so much money from 2020.
I assume this is institutional level. But a lot of things do not make sense why they keep buying the same strike and the same date.
70195760 OP : It is 130k OI now. Especially it is 13 million shares.