$GameStop (GME.US)$ does roaring kitty need cash to exercise...
$GameStop(GME.US$ does roaring kitty need cash to exercise his calls?
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Humpty : You want to give him some?
SoloQueen : Of course, at the strike price $20
lipz OP SoloQueen : so he needs 120,000*20?
lipz OP : wait...one call is 100 shares... 120,000*100*$20?
James0180 : Yes....he would need $240,000,000.
10baggerbamm : when it was 46 last week if he would have exercised his options which is what everybody was pounding the table he was going to do it live he's going to do it in front of millions of people he would have needed to sell off 50% of his option contracts prior to the exercise so there's good funds on settlement date now that the stock has collapsed to 27 he would have to sell off about 80% of those contracts so that he would have good funds on settlement date which would be if he exercise today would be tomorrow
lipz OP James0180 : thanks! that's a huge sum of money
FANCY PANTS James0180 : You forgot the cost to cover the premium.