R.K. is a Genius!
$GameStop(GME.US$ I did the math, for his account to show this amount of cash remaining, this is what happened:
He exercises 80k for a cost of 160 mil then sold his last 40k contracts. This will cause the Market Makers to locate 8 mil shares tomorrow.
If I'm right, we just witnessed the greatest move in the stock market history. We get the squeeze tomorrow and R.K. has 9 mil shares!
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Blue Jets : so if Apes are so excited and looking forward for tomorrow. wouldn't it be green postmarket and overnight hours?
71455616 Blue Jets : alot of people don't buy after hours
JC88 : The bears are reading this and will close their position tomorrow. Some are fearless to hold and willing to lose more.
Blue Jets 71455616 : lol. try harder man. my trading badge is 70. postmarket trading are so common. all trading platform open it for all users by default
Blue Jets JC88 : yes. I know. if all apes are so excited, wouldn't the buying pressure outweigh the selling? and normally overnight hours are green as shorting is not allowed
JC88 Blue Jets : Maybe you can ask uncle roger to sell us some crystal ball. Sell off and buying pressure can come anytime base on future events. You are asking a question that only a god can answer. This platform is only for human, wrong channel sir.
ghekko : your math is exacly backwards
Ken Griffin Charity : Lol. He exercised 40010 calls and sold the rest. That’s how he gained 4,001,000 shares. If he exercised 80k calls, then he would have 13m shares in his account, not 9m shares.
The market makers don’t have to locate 4m shares tomorrow, because the counterparties of those contracts have long since hedged right after he posted his positions to Reddit.
And even if those shares had to be located as you said, GME’s daily volume averages around 90m. Buying up 4m shares to meet the call obligations will not even come close to triggering any sort of squeeze.
This isn’t even theory here. These are basic numbers. There is only right or wrong. And when the market opens, you’ll see very quickly whos right.