ABW Stock Exchange: All Things Investing
- Thread starter Inori
- Start date
Mr.LV
OG
Shares of GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC), which have cooled off after a hot rally in mid-May, are ripping higher in premarket trading on Monday.
The resumption of the meme rally came on the back of Keith Gill, also known as “Roaring Kitty,” disclosing on the r/Superstonk Reddit forum a huge position in GameStop.
A screenshot Gill shared on the platform showed he held 5 million GME shares valued at $115.70 million and 120,000 call options worth $65.70 million having a strike price of $20 and exercisable on June 21. The calls were purchased at $5.48 per share.
A social media user also shared the final trading update posted by Roaring Kitty before he went into a social media sabbatical back in April 2021. The trading update, posted on the r/Wallstreetbets Reddit thread, showed Gill owning 200,000 shares valued at $30.94 million at that time.
The resumption of the meme rally came on the back of Keith Gill, also known as “Roaring Kitty,” disclosing on the r/Superstonk Reddit forum a huge position in GameStop.
A screenshot Gill shared on the platform showed he held 5 million GME shares valued at $115.70 million and 120,000 call options worth $65.70 million having a strike price of $20 and exercisable on June 21. The calls were purchased at $5.48 per share.
A social media user also shared the final trading update posted by Roaring Kitty before he went into a social media sabbatical back in April 2021. The trading update, posted on the r/Wallstreetbets Reddit thread, showed Gill owning 200,000 shares valued at $30.94 million at that time.
Talk about 'fuck you' money
Mr.LV
OG
Right now RoaringKitty/Deepfuckingvalue has call options of strike price $20 that expires on 6/21/2024 ,right now the stock price of GME is hovering around $30 dollars , it has to dip under $20 a share for Roaringkitty to lose money on those 20 dollar call options . If he exercises the call options the hedge funds will have to buy those shares to close out their positions on the shorts they put on GME which in turn will drive the price up exponentially. Hedge funds are still shorting GME some even open up new short positions in May as well.
1 contract=100 shares
Roaring kitty has 120,000 contracts =12 million shares (12,000,000)
GME has earning call June 11th,2024
Here's How Roaring Kitty Could Become GameStop (GME) Stock’s Fourth-Largest Shareholder
Roaring Kitty's stake in GME stock could allow him to become GameStop's fourth-largest shareholder if certain requirements are fulfilled.
investorplace.com
Inori
NAWF
Right now RoaringKitty/Deepfuckingvalue has call options of strike price $20 that expires on 6/21/2024 ,right now the stock price of GME is hovering around $30 dollars , it has to dip under $20 a share for Roaringkitty to lose money on those 20 dollar call options . If he exercises the call options the hedge funds will have to buy those shares to close out their positions on the shorts they put on GME which in turn will drive the price up exponentially. Hedge funds are still shorting GME some even open up new short positions in May as well.
1 contract=100 shares
Roaring kitty has 120,000 contracts =12 million shares (12,000,000)
GME has earning call June 11th,2024
Here's How Roaring Kitty Could Become GameStop (GME) Stock’s Fourth-Largest Shareholder
Roaring Kitty's stake in GME stock could allow him to become GameStop's fourth-largest shareholder if certain requirements are fulfilled.
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Good lookin out. So the hedge funds who bet against it would HAVE to buy his shit?
Does dude have an option to extend his position or when it expires its getting sold regardless?
Is there anyway they can fuck folks over in this situation?
Mr.LV
OG
A lot people on Twitter/Reddit feel there isn’t enough shares to even cover his options cause a good chunk of GME Shares(float) is locked away in DRS Direct Registration System. It’s definitely a scenario we have to see play out.
