This makes sense (almost)
$GameStop(GME.US$ RK had 120000 $20 call options for June 21. Rumor is he has sold 93266 this afternoon. (Possibly the reason we went red today).
So that leaves 26734 $20 Call options outstanding.
93266 options sold ranging from 10.30 and 6.50 avg 8.40 each. Would have netted him 78.3 million. If he exercises the remainder on the 21st. They would cost him 53.4 million and he would gain 2.67 million shares to add to his existing 5 million. Giving him 7.67 million shares of GME with 24.9 million left over from the sale. Add that to his existing 29 million cash, he could have those shares and 53.9 million in cash. And depending where the stock value ends up, or what he does with them... 7.5m shares @ 60(wag)/share could net him 450 million.
Just spit ballin here.
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Guyoukaya : He didn’t sell
Scorched earf : F off
夏日时光 : Wow exciting
Stock Therapy : or people took profit before the meeting tomorrow
Pinkki_doll : For pro traders, they know exercise the options will maximize the profit rather than sell it. I believe he not sell now, I think he want to have power more than money. He wanna join the board in GME. It is throne game.
Stock Therapy Pinkki_doll : if he joins the board he’s going to get slammed for insider trading
71470983 : FUD