Don’t do that. Wait for confirmation from either a positive tweet from kitty or news release from GameStop about what they are gonna do with the 4 billion
Maybe he started unwinding, HFs picked up on it, then hedged their shorts with some calls to make it appear like he’s unloading all at once (media sentiment did a coordinated 180 flip today too)
Reverse Uno. He sold some. Bought 4-8x as many June 14ths going all the way up. Exercise some of the ITM contracts. And perhaps we see something announced AH if we are really lucky.
I agree so fascinating to follow this and root for him. I believe most of the vol is him selling to close. I have been in contact with trading desk at CS and they told me about the cashless exercise you mentioned yesterday but also how their risk team would be reaching out to someone with this large of a position to help them unwind the position leading up to the expiration date. That is what I think is happening but will be interesting to see if and when he posts his next update to his account.
I think he may be skittish to post his new position, Options moved or not, on the eve of the shareholders meeting. We may have to wait till end of day tomorrow or maybe even end of day Friday for a new position update. But the OI official updates tomorrow morning will give us a more definite clue. Edit : spelling
does someone really think that a moass or a short squeeze can happen too soon? I have money there, but i don’t know if i should put more. Is a squeeze really possible?
What if that’s all buying volume and what we saw just prior to close was stop loss hunting trying and trying to get panic selling because they know they’re going to have to cover those shares. YOLO Update SO needed!
Just insane he got from like 100k to 150 million on option. I was buying gme at 2020, and I regret I didnt do options. You won’t get huge gains from owning shares, wich sucks.
I wonder what happens if he doesn't do anything - I'm guessing the broker is watching the position too but if everything goes on without a hitch he may just have a forced sale of the excess shares (I'm sure he has portfolio margin leverage) the following Monday. I wonder how many people know that process and who's involed ;)
if he doesn't do anything and they're ITM at expiration, default would be for broker to exercise however with a position of this size I'm sure they'll coordinate his move esp because he wouldn't have the cash to cover the trade. my guess is he'll do something.
@@OutlierTrading 😏 well considering that’s what he did in 21 and the amount of volume in the $40 calls, there ain’t many people with the cash to do that. That’s the signal brotha. Imo
@@OutlierTradingso will OI update tomorrow at 9am EST ? Follow up question. Do MM’s and hedge funds with Bloomberg terminals or other instruments get to see this change in OI during premarket ahead of normal traders?
So who the hell keeps selling? .. Up 47% then down 40%.. Then down 12% next day.. Up 22% then down 16%.. Who's selling.. Can't squeeze when everyone is selling
that part genuinely confuses me as well. he had a ton of equity the position to even bankroll exercising a large portion of that position if he wanted. the mystery continues!
@@OutlierTradingin hindsight he should have. RC totally fucked it up with the offering. I bet he would have sold and exercised Friday after we pushed over 100 in premarket.
The desperation is fun to watch. No one wants to admit the elephant in the room, it’s a non functioning company run by a man that just ripped all his investors off hardcore 😅 if you are taking data off think or swim and extrapolate that across the market then you got another thing coming and you put way too much trust in your broker 😅
