$GME URGENT Read this. 🚨🚨🚨
There's a lot of misinformation about Roaring Kitty options. I hope we moon on Friday. But don't commit to a trade (especially OTM call options) on Friday just because someone said there will be massive buying due to Roaring Kitty options exercise. Here's why:
People need to wake up and realize that T+1 means an infinity loop. Market Makers can create another 4 million phantom shares the day after and deliver the ones from yesterday, repeating the process. This is why we don't have same-day settlement! I know it's rigged, and there's nothing we can do about it. Market makers and brokers will only buy the fake shares if there's more than 100 days of upward pressure like Nvidia, Meta last year, and TSLA in 2021. GameStop will eventually force the major shorts to bankruptcy with a share buy back program with the cash on hand.
#GME short shares from 2020-2021 have not been delivered yet. Bonafide market-making rules have allowed market makers and brokers to use liquidity fairy to create phantom shares. But this time they can not get away with it. The only solution for them is bankruptcy. Nothing can save them.