Keith bought 5 million shares, and 12 million shares in short dated calls. He broadcasts his position only 3 weeks prior to option expiration, showing a level of conviction that would convince almost anyone something is happening, and to potentially buy in with him. One week prior to expiration, he dumps the calls, AND buys the shares within a 2 day trading period. Removing those shares off the market makes GME even less liquid during this period of negative rebate short lending. If these options reach market makers who hadn't sold a naked call, the Open Interest remains high, if they reach a market maker who wrote it, the Open Interest drops. Based on the data, only a 3rd of his options actually closed out. The remaining institutional bagholders now NEED the stock over $27 to break even - but this forces deliverable EVERY SINGLE SHARE of anyone who copied his trade also. So now, to hedge this loss, institutional traders will have to accept massive losses, OR, reduce losses by passing the puck to someone else by purchasing ANOTHER call... see where this is going? Market makers are going to be forced into buying calls to cover calls from other market makers. This will shoot the stock over $128, putting every single option in the entire chain in the money. This play is a millionaire maker. It's laid out before us, by absolute genius planning. $GME
Looks like @CEOAdam (the babyface that quickly became a heel in our #AMC $AMC WWE storyline) thinks he has the skills to sell this to the audience
He views himself as the Silverback but the audience is tossing tomatoes at him-- staining his fur-laden leotard
He left $APE flapping in the wind today (as a stand alone ticker) so that WS could pummel a defenseless AMC ticker (no shares to sell yet) into an Antara level abyss, at which point...
...the bastard twin APE is conjoined with his flaccid brother and AA acts as if he had no choice but to raise 1-2 billion INTO THE HOLE (while letting the SHF off the hook / bye-bye systemic risk)
But, how will he placate the angry mob?
He'll need to work directly with the cabal in order to orchestrate the price run on the other side of this debacle
Once that happens, the self-proclaimed "Silverback" will wave to the audience (most still booing) and QUICKLY walk through the tunnel and hang up his leotard
They most likely need a few more days of range-bound trading to finalize the plan but if you're lucky enough to have dry powder down here, the kindling is bone-dry and WS is holding a can of gas and a pack of matches (I'll bet they'll miraculously join us on the LONG side fairly soon)
A group of us worked day and night to try to avoid what you're seeing play out, but we were overwhelmed by powerful people at all levels (mkts, regs, courts)
I wonder if judge Zurn is watching this (100% avoidable) obliteration of retail investors this week and, if so, I wonder if she even cares?
Personally, I'm disgusted that so many first-time investors of all ages had to witness the filthy underbelly of our banana republic financial system
The Crony Capitalists are to blame but we should all agree that Socialism/Fascism/Communism= NEVER the right answer
The shooter in Texas passed a Federal background check to be able to buy the gun. Background checks would not of prevented this. If a criminal wants to commit a crime, they’re going to find a way to do it. ALL schools need armed security trained for situations like what happened.
I wonder how much of that $40,000,000,000.00 we're sending to Ukraine is going to wind up back in U.S. Politician's bank accounts. That's 40 Billion folks. It would take 31 years, 251 days, 7 hours, 46 minutes and 40 seconds to count to just 1 Billlion to put that in perspective.