HURRY UP! 110 LIMITED POTR PROTECTOR OF THE REALM NFTS π coming for the first 100 π Holders and some of the most involved community members of the $GME on $ETH CTO. The GIVE-AWAY will take place on June 24th!
0x246 meets June 24
#NFT#GAMESTOPNFT $GME #roaringkitty
It finally happened.
Roaring Kitty aka DeepFuckingValue is now the 4th largest shareholder of GameStop, $GME, in the world with over 9 MILLION shares.
He took profits on 80,000 call options and exercised 40,000 of them for 4 MILLION shares.
Thatβs the same number of shares Ryan Cohen had in 2020.
@madiguz7 2 actually, one that can't be halted and trades 24-7.....hope that we are allowed to buy products in the GME Google or Appstore with this token π₯π₯@GameStop@TheRoaringKitty
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