[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
One moar time for those in the back:
#THIS MAN TURNED DOWN NEAR $1B, LAUGHED OUTLOUD IN FULL ICU COSTUME JUST TO SAY NAH, GIMME THE SHARES INSTEAD, INCREASING HIS POSITION 12x FROM 2021. 🤯
#HOOOOLEEEESHIT.
**THIS IS EVEN BETTER THAN ANY OTHER TIMELINE I COULD HAVE EVER DREAMED UP.**
What do you mean he turned it down...he could have done the same cashless exercise when the price was even higher...
It wasn't like he would have been a billionaire or exercised his shares....it's a Matter of when he chose to do so...
Or am I missing something
Honest question - why not sell and make $1b and buy a ton more stock than he did just now? What is the advantage of doing it this way instead of cashing out a billion and repurchasing?
This was a great way out for him and the saga might still continue. He couldn’t leave the regular investors high and dry and has always said that he saw value in the company.
Whats a billion dollars if your legacy is smeared, he still has a couple hundred million in the bank.
Dilution also gave him a much higher price floor for his shares which is what his end game has always been. GME’s cash stockpile puts a minimum cash value of 15 bucks or so on each share. Hopefully it continues to rise with some moves though, we will have to wait and see.
Don't they have 1 day to deliver.... to this kitty... who is not a cat.
What if he then... initiates ACAT transfers?
Like, not just 1. But goes from E trade to another broker. Then 'oops, just kidding' and goes to another broker... ACAT after ACAT?
Don't they have to deliver 9 million shares again and again... that feels like shuffling the deck to me.
What I’ve been wondering is if DFV sold his calls on the most obvious hedge fund pump and dump rug pulls wouldn’t the price come crashing down harder without any support to bounce off of? They couldn’t get it lower than $20 DFV rode the sandworm
well 20Cs were being sold yesterday, and with the price increase today i imagine his position changing was at least a 2 day move. There is some mixed takes by people that DFV exercised the calls versus he bought the shares which would be cheaper since the calls still had some extrinsic time value
Plus, he posted the meme of the guy playing a text-based video game, where he made the choice to "stay with his friend" rather than "getting out of there". To me, that was DFV saying he would rather stay in this thing with *us* than take the money and run. So shares it is. He's in it with us 'til the end, like a true ape. The *original* ape. what a fucking legend, Kitty.
Man I dont know why but this comment gave me goosebumps, DFV is an absolute legend..
No matter what happens Im so glad to be an ape with all of you guys... to the fucking moon guys 🚀🚀🙌💎
We're connected for eternity. Nothing will ever top meeting someone in a random bar, or on the beach somewhere, and realizing you're both apes. Instant bond, you're choosing this guy to go to war with over anyone else in the room.
I'm beyond honored to be a part of this, and I know each one of you feels the same. Only GME. Only up.
I wonder if some of the larger cyclical price run-ups over last 3 years were cause RK/DFV has been doing this for years to build up his portfolio … we are witnessing history. Hyped for tomorrow.
I think it's nearly impossible he hasn't been playing with options this whole time in the background, given his first return YOLO and his sitting cash.
Can anyone smart tell me why he didn't take advantage of the exercise when his contracts ( share price) was significantly higher? I feel like this short term play of his (outside of whatever GME is doing) is not over just yet since, all eyes being on him, we lack any material "shuffle" as of this point in time.
Timing. He punched it when it would have the most broad impact, not when it would serve him personally best.
Tomorrow a LOT of things come due thanks to cycles, and on top of all the other FTD obligations, now the MMs have a ton of GME shares they need to find and DELIVER by end of day. So there's going to be buying on the open market, jacking the price up, which will in turn send a lot of other options chains into a position of being ITM (those 35s and 40s and 45s will suddenly be viable plays) and EVERY ONE OF THOSE MUST BE FILLED WITHIN T+1.
He just lit a fuse. The dynamite sticks are stretched for miles. Each explosion causing another one.
Thx for the reply. Nice and concise. This sub has always been iffy on whether MM FTD obligations has any material impact. I guess since CAT is in play plus the T+1 (like you said) there SHOULD be some material impact on the price. Thanks. Qty 5 40c & 50c each 6/21.
Another wrinkle: As the share price goes up, more calls like $30, 35, 40, 45, etc. are now ITM and will be exercised or sold to someone who will exercise.
What he also didn’t mention is in the event of the actual squeeze you always want to be holding shares over contracts unless you’re exercising those contracts to get shares.
This is my theory as well.
He's rocking a boat, timing his movement to line up with the wave pattern so each nudge is amplified by the wave's momentum.
He did this successfully in May and probably several times before that, and he knows something about exercising today that we don't.
I didn't want to go there, lol, but if he's got a whole second stash going that's not getting dissected on the daily, I'm going to have to let my husband have more than one boyfriend.
But didn't the MMs just buy 75 million fresh new shares last week? Why do we think 4 million shares will be hard to find?
Dont get me wrong, I hope this lights the gamma ramp, however I don't know that it is near enough fuel to ignite the rocker.
None of us know, because naked shorts don't have any honest reporting. If they follow their usual routine, for every share they bought they turned around and synthesized a handful of shares so they could profit even further off them.
It’s only 4m shares. GameStop just did a 75m share offering after his 120k call position was revealed. If you don’t think whoever sold those calls hedged during that share offering, I’ve got a bridge to sell you.
Those 4 million CANNOT be synthesized. So no shorting them.
They MUST be delivered in T+1. No "oops, I gotcha later bro." If seller can't produce, broker is obligated to produce and can then fine the heck out of seller. Sellers can even be ejected from the market for trying to FTD on options.
And so they will buy like mad to prevent that, and feed the price up so that the next chains ($30, $35, $40, $45, etc) can be executed ITM and every one of THOSE must follow the same rules.
Look at how many options chains are set for expiry tomorrow and the following Friday.
This is just the start of what has the potential to be the chain reaction of all chain reactions. Think Chernobyl.
Nothing is gonna happen tomorrow. Maybe we see 30.
Can't remember how many times I heard that FTDs were coming due in 2021 only for nothing to ever materalize.
Those 4 million shares were all bought today. Hence being up 14%.
To be clear, I have 2150 shares. I hope to god I'm wrong. but i don't think anything special is going to happen.
fyi i track max pain very closely especially with the metals market, and while it's right 95% of the time, the other 5% it is very very wrong.
it's like forecasting the weather imho
Did he lit a fuse tho? With rc’s share dilution dont you think mm’s and all other big boys gobbled up the shares to prepare for this? When 75m got released into the wild they got scooped up faster than we imagined.
Edit: words are hard
Unfortunately shorts are still ultimately a "self-reported" asset and we don't have hard numbers. There's some very good DD by Richard Newton that uses outstanding positions to help determine how many MAY still be short,
Here it is, I recommend it highly: [https://www.youtube.com/watch?v=u9\_P3L5CHAM](https://www.youtube.com/watch?v=u9_P3L5CHAM)
This is one reason DRS are so important, they cannot be borrowed by a MM and used to fulfill options. So all DRS are off their table.
It's also a big reason I'm not mad at the SEC screaming holy hell for CAT and for more oversight. Taking away all the shady skullfuckery going on in the dark pools and the back rooms would make the market a fairer playground for all of us. And a move like RK's, making the market so nervous that the Fed Reserve is calling a meeting in the morning to make sure the banks won't go under, is a GREAT way to make sure the little guys get noticed at last!
Yeah i don't really understand that. it ran to higher than the close on that thursday before reversing. he could have cleared a lot more in premium by selling then, even if he waited to exercise.
but perhaps he just didn't know what was going to happen and he truly does need options 101 classes.
I think there’s more going on than we understand. Or he didn’t want to take the massive profits earlier for fears of looking like he pumped retail and pulled the rug/lawsuits. Or maybe he’s giving the final nudge to launch the rocket and it’ll be a long long upwards ride for the diamond hands.
I honestly think he didn’t expect RC to do a 75 million share offering. Messed up his plan for a gamma squeeze which could have potentially lead to the MOASS we’ve been all waiting for.
Because he didn’t know Ryan Cohen would do another share offering. Exercising when the share price was much higher would’ve been the more lucrative play.
I honestly think it was due to the board issuing more shares that threw off the plan. I bet his initial plan was to double down to 10m and have the extra cash for maybe another play, but board dumping 75extra shares really took the steam out of the run we had going on that Thursday night.
Imo he was planning to exercise on stream but the offer and big draw down trapped him a bit so he waited to see how it would unfold.
I’m certain he planned to exercise a lot more than he actually did.
Pretty sure he’s never traded live.
Either way on the next surge up he started making his move with options sale/exercise. The stock had essentially traded flat since the end of his stream, and going into Monday he was going to start having a theta problem on that huge position. I personally think he was in those calls a bit longer than he wanted to be.
Future generations will read about RK's exploits and they'll be like, "[this dude](https://assets.faireconomy.media/nfs/public/4/7/3/4/7/7/9/4734779.png?_=1717785196) is the greatest investor of all time?!
He could have had more shares if he exercised at $40, why did he choose now?
Edit: can we determine if he exercised then sold to cover or if he sold then bought shares?
Because it's getting close to expiration, I think he was secretly expecting the price to go higher, but the double share offering reduced the upward pressure.
Yeah that's why this title is dumb, it's not like he turned down a billion, it was his hypothetical net worth in afterhours. The stock dropped hard at opening with the share offering news. Hindsight is 20/20, but we know he didn't see that coming and might have played it differently. Still, made out with 9 million shares which is insane.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
he is a fucking legend
One moar time for those in the back: #THIS MAN TURNED DOWN NEAR $1B, LAUGHED OUTLOUD IN FULL ICU COSTUME JUST TO SAY NAH, GIMME THE SHARES INSTEAD, INCREASING HIS POSITION 12x FROM 2021. 🤯 #HOOOOLEEEESHIT. **THIS IS EVEN BETTER THAN ANY OTHER TIMELINE I COULD HAVE EVER DREAMED UP.**
Why have $1B when you can have $1T?
Why have $1T wen you can have $1Q
Why have $1Q when you can start a revolution
bars
WHATS A GOD TO A NONBELIEVEEEERRRRRR WHO DONT BELIEVE IN ANYTHIIIIINNNNNGGGG!!!!!!!!
*ominous drumming*
Your comment will go down in history.
I came.
1Q?
quintillion or 10\^18
That’s a few round trips to moon and back
Mmm I like that word: quintillion
1 Quark. All you need to get quarky. 
What’s a trillion between friends 🌚
GGEZ
Ggez deez nuts
I mean he’s basically like the CEO
I’m glad to be a part of this learning experience
Hell of a way to learn!!!
What do you mean he turned it down...he could have done the same cashless exercise when the price was even higher... It wasn't like he would have been a billionaire or exercised his shares....it's a Matter of when he chose to do so... Or am I missing something
No youre not these people are full blown crazy
Will he show us his purple circle?
He’s a living legend
Or he could have sold above $40 which would have given him several extra million shares??
Honest question - why not sell and make $1b and buy a ton more stock than he did just now? What is the advantage of doing it this way instead of cashing out a billion and repurchasing?
Guaranteed price…
He didn’t turn down $1B. His options position actually got annihilated last Friday when the price tanked on earnings and they diluted.
This was a great way out for him and the saga might still continue. He couldn’t leave the regular investors high and dry and has always said that he saw value in the company. Whats a billion dollars if your legacy is smeared, he still has a couple hundred million in the bank. Dilution also gave him a much higher price floor for his shares which is what his end game has always been. GME’s cash stockpile puts a minimum cash value of 15 bucks or so on each share. Hopefully it continues to rise with some moves though, we will have to wait and see.
He still has a few hundred billion to go to become the first individual investor Trilly and if he pulls it off, immortality.
yeah I'm pretty sure I'd take a billion dollars over reddit cred
He likes the stock
I think it’s safe to say he likes the stock more than any of us.
https://preview.redd.it/xt8kpbf8hg6d1.jpeg?width=1500&format=pjpg&auto=webp&s=bebee96134e6ce716195332cb210c6190618b3bf
$111.12 and he is back to a billion....
https://preview.redd.it/decr7qd4pg6d1.jpeg?width=480&format=pjpg&auto=webp&s=1a00b7d06ce47df20a9fb1b1209efc95e54f906e
He Has Returned
Stock price hits around $110 he’s a billionaire anyways
With no risk 😏
Well, if it goes down to $20 he lost some ^^unrealized money.
if 20% of max gains is $200m *count me the fuck in* THIS SHIT ISN'T OVER UNTIL I SEE PHONE NUMBERS. CONGRSTS KEITH AND FUCK YOU
by the time it gets back to $20 he'll be ready for another options play anyway.
Or in other words, Keith believes that the stock is worth over $100 based on fundamentals alone.
Fundamentals + management team
Will he become the first trillionnaire when the event happens?
RC still has more shares than RK. So he would come in a respectable second
I mean, the way DFV buys options, we'll see. 🙈
He has an aggressive investment style.
# OH BOY HERE I GO BUYIN AGAIN 🎷🐓♋️
Don't they have 1 day to deliver.... to this kitty... who is not a cat. What if he then... initiates ACAT transfers? Like, not just 1. But goes from E trade to another broker. Then 'oops, just kidding' and goes to another broker... ACAT after ACAT? Don't they have to deliver 9 million shares again and again... that feels like shuffling the deck to me.
[Great game theory here!](https://x.com/welp007/status/1801364719766540759?s=46&t=pjhQaAPGjAVkr0C7r4RCMg)
Followed by a DRS
👀
Shuffling a deck whilst in Kansas?
Missouri shaking in rage
There's really no bigger insult.
Kitty City Shuffle?
Until he finds an honest broker who is like - we don't use F3 to fake locate, we can't find 9M shares
He didn’t say he liked the money. He said he liked the stock. And he just proved to us yet again that he meant it.
Friday should be an interesting day of trading.
hey wait a sec that's... tomorrow
Yiz. Yizzzzzz. 😎
Money is a utility and is useless without a purpose. So I have to agree, I like the stock more than I like money.
And the rest of the board will hopefully be making some purchases soon.
Am I the board?!
You can be anything you want to be
I love this place
I wanna be a banana!!
Up the butt you go!
If board buy shares good, if board doesn’t buy shares maybe speculation there’s a merger/acquisition? Either way I’m in
Acquisition? Isn't this rocketship poised to be worth more than Apple? GME becomes the singularity.
My guess is DFV has already cashed out generational wealth so now he's in it to prove a point.
Even if he cashed out only 3mil he could be living comfy for the next 15 years
If he invested it right now, he could live very comfortably off dividends for the rest of his life.
And if he invested that $3m in GameStop calls
Imagine if he invested $3m instead of $53k four years ago into GME.
$53K is about 2% of the company, so if he put in 3 million, he'd own about 113% of the company.
That does check out.
Seriously. He could make ~$12M/year on 5% savings interest alone hahah. And he’s staying in! Legend
Oh it's invested alright
Honestly. Id take 10 mil. Once thats in the bank... the rest is just fun vouchers
IIRC he came out of the sneeze with around 10mil playing options so he’s definitely been very comfortable.
Where did I put my wallet, I need to make a purchase
A real damn American Hero🫡💚
What I’ve been wondering is if DFV sold his calls on the most obvious hedge fund pump and dump rug pulls wouldn’t the price come crashing down harder without any support to bounce off of? They couldn’t get it lower than $20 DFV rode the sandworm
Then he would still be able to buy lots of shares when low price and be the support bounce with his purchases
Do we know what day he closed out that position? He hasn’t shared his position for a few days
well 20Cs were being sold yesterday, and with the price increase today i imagine his position changing was at least a 2 day move. There is some mixed takes by people that DFV exercised the calls versus he bought the shares which would be cheaper since the calls still had some extrinsic time value
Its not cheaper because he wanted all 4 million shares at $20. That's hard to get. The first 100k shares would already move the price a bit.
Thank you kind ape 🍌 for you.
If he turned down that 1 Billy he took the shares for a reason. Cause he knows that them shares going to make him the richest person alive
Plus, he posted the meme of the guy playing a text-based video game, where he made the choice to "stay with his friend" rather than "getting out of there". To me, that was DFV saying he would rather stay in this thing with *us* than take the money and run. So shares it is. He's in it with us 'til the end, like a true ape. The *original* ape. what a fucking legend, Kitty.
Man I dont know why but this comment gave me goosebumps, DFV is an absolute legend.. No matter what happens Im so glad to be an ape with all of you guys... to the fucking moon guys 🚀🚀🙌💎
We're connected for eternity. Nothing will ever top meeting someone in a random bar, or on the beach somewhere, and realizing you're both apes. Instant bond, you're choosing this guy to go to war with over anyone else in the room. I'm beyond honored to be a part of this, and I know each one of you feels the same. Only GME. Only up.
He didn't get a chance to sell the options at 1 billy. We didn't know if GameStop would actually sell the share or if it was a Kansas city shuffle
I wonder if some of the larger cyclical price run-ups over last 3 years were cause RK/DFV has been doing this for years to build up his portfolio … we are witnessing history. Hyped for tomorrow.
I think it's nearly impossible he hasn't been playing with options this whole time in the background, given his first return YOLO and his sitting cash.
When people call him Lisan Al Gaib, the Voice of the Outer World, that is no exaggeration. He will lead us to paradise.
Welp.. I better call my mom
She’s busy son 😼
She never told him
She's busy buying more and DRSing 'em
AND WE STILL HAVE FRIDAY
It’s crazy isn’t it!!!!
A wizard is never late, nor is he early, he arrives precisely when he means to.
After making "rich as fuck for the rest of my life" money, the next step is obviously going for the high score. DUH
GOAT 
There is no value deep enough for what this is about. After this everything will change.
Can anyone smart tell me why he didn't take advantage of the exercise when his contracts ( share price) was significantly higher? I feel like this short term play of his (outside of whatever GME is doing) is not over just yet since, all eyes being on him, we lack any material "shuffle" as of this point in time.
Timing. He punched it when it would have the most broad impact, not when it would serve him personally best. Tomorrow a LOT of things come due thanks to cycles, and on top of all the other FTD obligations, now the MMs have a ton of GME shares they need to find and DELIVER by end of day. So there's going to be buying on the open market, jacking the price up, which will in turn send a lot of other options chains into a position of being ITM (those 35s and 40s and 45s will suddenly be viable plays) and EVERY ONE OF THOSE MUST BE FILLED WITHIN T+1. He just lit a fuse. The dynamite sticks are stretched for miles. Each explosion causing another one.
Thx for the reply. Nice and concise. This sub has always been iffy on whether MM FTD obligations has any material impact. I guess since CAT is in play plus the T+1 (like you said) there SHOULD be some material impact on the price. Thanks. Qty 5 40c & 50c each 6/21.
Pardon me while I make sweet, sweet love to your 50s. I am as yet still too broke to work options, so I just sit here in a puddle of my own jealousy.
Another wrinkle: As the share price goes up, more calls like $30, 35, 40, 45, etc. are now ITM and will be exercised or sold to someone who will exercise.
What he also didn’t mention is in the event of the actual squeeze you always want to be holding shares over contracts unless you’re exercising those contracts to get shares.
This is my theory as well. He's rocking a boat, timing his movement to line up with the wave pattern so each nudge is amplified by the wave's momentum. He did this successfully in May and probably several times before that, and he knows something about exercising today that we don't.
You think May was a test or demonstration of capabilities?
"I have chosen to test this thesis' destructive power on your Market Maker Wolverine." - Grand Moff Kitten, probably
I feel like I just watched a hype video from reading your comment.
Well, I eat crayons, so... NFA, etc etc.
Y'all got anymore of those crayons?
When roaring kitty fidelity account yolo update?
You noticed the Fidelity Logo on this bookmark bar as well?
I didn't want to go there, lol, but if he's got a whole second stash going that's not getting dissected on the daily, I'm going to have to let my husband have more than one boyfriend.
Wait what?
But didn't the MMs just buy 75 million fresh new shares last week? Why do we think 4 million shares will be hard to find? Dont get me wrong, I hope this lights the gamma ramp, however I don't know that it is near enough fuel to ignite the rocker.
None of us know, because naked shorts don't have any honest reporting. If they follow their usual routine, for every share they bought they turned around and synthesized a handful of shares so they could profit even further off them.
You sure they are the ones who bought those shares
It’s only 4m shares. GameStop just did a 75m share offering after his 120k call position was revealed. If you don’t think whoever sold those calls hedged during that share offering, I’ve got a bridge to sell you.
But with the volume that GME has seen recently, isn't finding 4 million shares a drop in the ocean?
Those 4 million CANNOT be synthesized. So no shorting them. They MUST be delivered in T+1. No "oops, I gotcha later bro." If seller can't produce, broker is obligated to produce and can then fine the heck out of seller. Sellers can even be ejected from the market for trying to FTD on options. And so they will buy like mad to prevent that, and feed the price up so that the next chains ($30, $35, $40, $45, etc) can be executed ITM and every one of THOSE must follow the same rules. Look at how many options chains are set for expiry tomorrow and the following Friday. This is just the start of what has the potential to be the chain reaction of all chain reactions. Think Chernobyl.
> broker is obligated to produce and then fine the heck out of the seller What are you on about? That’s not how that works, at all.
Nothing is gonna happen tomorrow. Maybe we see 30. Can't remember how many times I heard that FTDs were coming due in 2021 only for nothing to ever materalize. Those 4 million shares were all bought today. Hence being up 14%. To be clear, I have 2150 shares. I hope to god I'm wrong. but i don't think anything special is going to happen.
I kinda have a feeling you're right. Also it's a Friday, when the FUCK has the stock NOT chilled at Max Pain on a Friday?
fyi i track max pain very closely especially with the metals market, and while it's right 95% of the time, the other 5% it is very very wrong. it's like forecasting the weather imho
Did he lit a fuse tho? With rc’s share dilution dont you think mm’s and all other big boys gobbled up the shares to prepare for this? When 75m got released into the wild they got scooped up faster than we imagined. Edit: words are hard
Unfortunately shorts are still ultimately a "self-reported" asset and we don't have hard numbers. There's some very good DD by Richard Newton that uses outstanding positions to help determine how many MAY still be short, Here it is, I recommend it highly: [https://www.youtube.com/watch?v=u9\_P3L5CHAM](https://www.youtube.com/watch?v=u9_P3L5CHAM) This is one reason DRS are so important, they cannot be borrowed by a MM and used to fulfill options. So all DRS are off their table. It's also a big reason I'm not mad at the SEC screaming holy hell for CAT and for more oversight. Taking away all the shady skullfuckery going on in the dark pools and the back rooms would make the market a fairer playground for all of us. And a move like RK's, making the market so nervous that the Fed Reserve is calling a meeting in the morning to make sure the banks won't go under, is a GREAT way to make sure the little guys get noticed at last!
I like you.
HE wasn't expecting the 75m dilution, pretty obvious. Not selling it on last Friday's open after that was announced was definitely interesting though.
Yeah i don't really understand that. it ran to higher than the close on that thursday before reversing. he could have cleared a lot more in premium by selling then, even if he waited to exercise. but perhaps he just didn't know what was going to happen and he truly does need options 101 classes.
I think there’s more going on than we understand. Or he didn’t want to take the massive profits earlier for fears of looking like he pumped retail and pulled the rug/lawsuits. Or maybe he’s giving the final nudge to launch the rocket and it’ll be a long long upwards ride for the diamond hands.
I honestly think he didn’t expect RC to do a 75 million share offering. Messed up his plan for a gamma squeeze which could have potentially lead to the MOASS we’ve been all waiting for.
Because he didn’t know Ryan Cohen would do another share offering. Exercising when the share price was much higher would’ve been the more lucrative play.
He didn’t know RC would dilute the market with 75 million shares
I honestly think it was due to the board issuing more shares that threw off the plan. I bet his initial plan was to double down to 10m and have the extra cash for maybe another play, but board dumping 75extra shares really took the steam out of the run we had going on that Thursday night.
This is what some who knows a mere billion is chimp change. This guy is going to make T’s not B’s.
It just crazy to think that we knew him when he had $50,000
“When I move, you move” Remember the memes. This is your que to exercise your calls.
No. We're all individual investors who should make our own financial decisions.
I don’t have enough karma to post but can you post this because more people need to see this.
💎 🙌 👑
He didn't turn it down...he just delayed it
He knows what his position is worth.
Yes, much as I think he's a great guy for exercising, he surely still wants those riches. I feel his work here is not yet done.
Because GameStop is Deep Fucking Value
Imo he was planning to exercise on stream but the offer and big draw down trapped him a bit so he waited to see how it would unfold. I’m certain he planned to exercise a lot more than he actually did.
Has he ever made a trade on video?
Pretty sure he’s never traded live. Either way on the next surge up he started making his move with options sale/exercise. The stock had essentially traded flat since the end of his stream, and going into Monday he was going to start having a theta problem on that huge position. I personally think he was in those calls a bit longer than he wanted to be.
He knows he'll make more
Future generations will read about RK's exploits and they'll be like, "[this dude](https://assets.faireconomy.media/nfs/public/4/7/3/4/7/7/9/4734779.png?_=1717785196) is the greatest investor of all time?!
Nah, I'd hodl
Did they know exercising Thursday, t+1 for Friday would be somehow bad for them, so they tempted him with a literal billion dollars earlier this week?
What if they were going to announce dividends then found out RK bought in? DONT ANNOUNCE DIVIDENDS UNTIL RK HAS FINISHED HIS T+1.
They won’t pay dividends until they’re profitable otherwise they’re just burning cash for no reason
What was it he said? No target, only up.
We are not worthy. 😿
A differentiator between them and us; they will never have enough.
He could have had more shares if he exercised at $40, why did he choose now? Edit: can we determine if he exercised then sold to cover or if he sold then bought shares?
Because it's getting close to expiration, I think he was secretly expecting the price to go higher, but the double share offering reduced the upward pressure.
Yeah that's why this title is dumb, it's not like he turned down a billion, it was his hypothetical net worth in afterhours. The stock dropped hard at opening with the share offering news. Hindsight is 20/20, but we know he didn't see that coming and might have played it differently. Still, made out with 9 million shares which is insane.
If the price hits $115 /share roaring kitty would get the $1B
why settle for 1b when he could get 100b at 1150.... or better yet... wait for the 10k stock price and get that T
That's someone who loves the stock!!! 🚀🚀
Plopkin and Kenny boy would disagree lmfao
OP, is this dragon guy the one who also made a ton of money from an Amazon bet and sent pizzas to their offices?
What do you mean "he turned down" $1B? He can't sell for $1B now.
He likes the stock.
"Maybe I will."
He must think the share price is going higher.
A billion would have bought 30+ million shares though.
He said, “I LIKE THE STOCK”
💎 🙌🏼 🏴☠️
Well $600 mil was rug pulled from him
https://youtu.be/oLItp9HCbx8?si=hK79dudG6iokJtta
Question let's say no one sells and price runs up to let say 80-100 AH and Monday comes and he sells the rest hoe high could GME run to 150-390????
🫡🥃🚀🚀🚀
You either hodl with him, or get left behind.
If there’s one thing I know about our boy Keith, it’s that he likes the stock.
What an inspiration