KBo

Stonk

[KBo @KlBo]

@TheUltimator5 Could it be that some of the gains were already locked in in the last hour of trading last Friday, when the big EDGX exchange prints were detected?

It's getting pretty obvious now to detect during market hours when RC is buying.

[KBo @KlBo]

@SafariBunny @GMEThesis2 The only reason to buy warrants right now is for the tiny chance of a warrant squeeze.

I'd assign a similar kind of proportion to these as buying deep OTM "Lotto" calls.

Since each 10 GME shares already gave 1 warrant for free, I'm happy to just keep those and not add more.

[KBo @KlBo]

@GMEThesis2 Forgot to mention I picked those because they are currently worth the same as the warrants.

[KBo @KlBo]

@GMEThesis2 Agree, 23Cs for Oct 30th are already ITM. Would be a braindead move to buy warrants over those right now.

[KBo @KlBo]

@WellerOlaf @nycfemm Why is the man still holding the brush up to an already fully-painted fence?

[KBo @KlBo]

@TheGatesBeyond I mean that's just the exact time when people saw the massive EDGX print and figured RC bought even more

[KBo @KlBo]

@WhatCanIMT The margin calls may not necessarily come directly from intrinsic warrant value (unless the stock price goes above $36-40 for some reason), but rather from the astronomical borrow fees as the pool of available warrants dwindles when people start exercising or selling.

[KBo @KlBo]

@WhatCanIMT The legal obligation for delivering the warrants would have to be satisfied before their expiration, otherwise there are no warrants to deliver.

This gives some credence to a potential warrant squeeze in Uptober if they go ITM and broker-dealers start dishing out margin calls

[KBo @KlBo]

@2witteraphobia @WhatCanIMT Even worse, they have to account for actual warrants, not shares.

[KBo @KlBo]

@Blk4R13 @EimajNoraa Well gme isn't really ripping up, it's more like SLOASS right now

[KBo @KlBo]

@ShaunFitzzzy Assuming a CB of $29-30 for the remaining $178M, that's around 6M more shares, putting him at just over 50.5M shares, putting him right around/just over 10% I believe (also taking into account warrant dilution).

[KBo @KlBo]

@ShaunFitzzzy Another possibility is to count the total amount he has already invested in GME towards the $500M, i.e., $203M.
As you say $119M for the warrants, this leaves leaves $178M over 20 trading days.
This means either $45M per week or (more likely) he simply keeps buying after October

[KBo @KlBo]

@ShaunFitzzzy @AdamCRNA13 Uptober

[KBo @KlBo]

@TheMagnifishit As long as it's not Goatbeard slop DD

[KBo @KlBo]

@zebular0

[KBo @KlBo]

@GMEThesis2 doubt it'll go down to 22. Maybe just below 24, as that's where the first big batch of calls would go ITM

[KBo @KlBo]

@ButtFarm69 by sideways, I guess you mean down to below $24 🫠

[KBo @KlBo]

@ruedaoj looks like RC woke up and chose violence

[KBo @KlBo]

@2Mohitt @navinaz2fi cuz it's fucking funny

[KBo @KlBo]

@sneak_69420 So uhhhh... T- -1?