$GameStop (GME.US)$ Read here people. The market maker Wolve...
$GameStop(GME.US$ Read here people.
The market maker Wolverine now needs to deliver 4 million, 1 thousand shares by tomorrow due to T+1 settlement (by market close, possibly by close of AH) keep reading!
@TheRoaringKitty sold ~ 79,990 call contracts for ~$70 million yesterday
Today he exercised ~40,010 call contracts to receive 4 Million, 1 thousand shares of Gamestop
He now has 9 million, 1 thousand shares and ~$6.5 million in cash
The market maker Wolverine now needs to deliver 4 million, 1 thousand shares by tomorrow due to T+1 settlement (by market close, possibly by close of AH)
Wolverine will be looking to trick people by shorting GME pushing down the price, in order to buy shares from retail at a lower price to deliver the exercised shares
If they fail to trick retail into selling, the stock could moon
If they succeed, the stock could go up quite a lot even still
The reason he did it today Thursday was so that MM have to deliver tomorrow.
This forces more calls ITM on Fridays close creating a gamma squeeze.
Wolverine is f*cked
If he bought shares without exercising, he wouldn't have bought 1000 more shares, just for no reason. Also it wouldn't cause the infinity gauntlet squeeze in order to repeat this.
RK now has the same number of shares that RC had in 2020.
This makes RK the 4th largest GME shareholder in the world.
Delta Hedging by the MM bringing many calls ITM on Friday end of week destroying "max pain"
Gamma squeeze incoming
FOMO buying incoming
Infinity Gauntlet rinse & repeat
Share this and repost to teach others!
Not financial advice.
@TheRoaringKitty sold ~ 79,990 call contracts for ~$70 million yesterday
Today he exercised ~40,010 call contracts to receive 4 Million, 1 thousand shares of Gamestop
He now has 9 million, 1 thousand shares and ~$6.5 million in cash
The market maker Wolverine now needs to deliver 4 million, 1 thousand shares by tomorrow due to T+1 settlement (by market close, possibly by close of AH)
Wolverine will be looking to trick people by shorting GME pushing down the price, in order to buy shares from retail at a lower price to deliver the exercised shares
If they fail to trick retail into selling, the stock could moon
If they succeed, the stock could go up quite a lot even still
The reason he did it today Thursday was so that MM have to deliver tomorrow.
This forces more calls ITM on Fridays close creating a gamma squeeze.
Wolverine is f*cked
If he bought shares without exercising, he wouldn't have bought 1000 more shares, just for no reason. Also it wouldn't cause the infinity gauntlet squeeze in order to repeat this.
RK now has the same number of shares that RC had in 2020.
This makes RK the 4th largest GME shareholder in the world.
Delta Hedging by the MM bringing many calls ITM on Friday end of week destroying "max pain"
Gamma squeeze incoming
FOMO buying incoming
Infinity Gauntlet rinse & repeat
Share this and repost to teach others!
Not financial advice.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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bossku89 : im sorry if this is stupid question
cant they borrow new share ?
Ken Griffin Charity : Watch what happens when the market opens and no gamma squeeze occurs because surprise surprise, the counterparties of those calls already hedged long ago.
BFSkinner Ken Griffin Charity : You underestimate kitty
bossku89 Ken Griffin Charity : nice suit
Kin Moo :
I tot 4million shares isn't a problem for trading firms? GME vol usually close to 1b.
UNO Wild Card : RK provided a 1st step to MOASS. Now its up to the rest of the call options holders expiring 14/21 june who will be ITM by today to exercise their options to create gamma ramp or a long squeeze
Ken Griffin Charity BFSkinner : I don’t think you seem to understand. I’m not underestimating him in any way. I said from the very beginning that DFV was trying to meme his way into becoming a billionaire with the help of apes. He’s manipulating apes and knows what he’s doing. It’s not a surprise to me that he exercised some of his calls because that’s the same thing he did in 2021 to generate hype.
DFV will continue to make easy money as apes continue to be his willing exit liquidity.
Mona_cat Ken Griffin Charity : So no squeeze. but we will be holding a mid stock with renewed potential from the b of cash. So we chilling. Unless the shorts attack again, which made no sense as it would imply they havent covered the positions. regardless i took part in history now![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Ken Griffin Charity Mona_cat : I will hand it to you because acknowledging 4b in cash actually makes more coherent sense than just posting RK memes or repeating the same crap all the time.
Of course, to me money without a plan doesn’t really mean much. RC needs to prove he can make proper use of the cash raised from dilution for me to see this company as even remotely investible.