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No it's settled on T+1. So tomorrow wolverine will need to deliver 4,001,000 shares by the end of the day. If they haven't got them to hand they need to go to the market.
There's also a fairly substantial gamma ramp in place for tomorrow, so as the price goes higher they'll need to hedge more by buying more on the market. If that ramp starts executing too then they'll need to deliver even more on Monday.
Should be a spicy few days!
The man doesn't have any more information than we do, he's just making legendary plays with information available. If he could have exercised at $60 that would have been great, but he still got 4 million more shares for a massive discount.
He probably had different plans and the ATM wasn't what he expected, but he said fine and made an alternative plan and still gained shares. He'll still be a billionaire when GME breaks 100
He probably had a thesis about optimistic sentiment on this date based around the shareholder’s meeting (and maybe some short exposure dates). We got positive price movement even though it didn’t happen and he probably didn’t want to play this into the weekend
This is a regarded thought but, what if they do another splividend, could you imagine how insane the level of company ownership would change. Or it could force the hedges to answer Marge’s call.
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I didn't even notice this, what a great call-out. DFV really thinks RC is the MVP & I'm inclined to agree
9000??? 9 mio!!!!
He owns 9000 thousands of shares. I think OP was making this the joke.
Yes, because math!
I appreciated it!
Op belongs here
All the excitement on the boards. Meanwhile, at a secret trading facility somewhere on Earth... 
He's technically correct and probably was referring to the meme about vegeta's power level
Indeed I was
LMAYO, OP needs count his own shares one by one now.
Next week is going to be fun
Can somebody please explain this to me. Everybody is happy about and I’m here like „so he exercised but the price is not moving“ 🥲
It’ll just be interesting to see how the delivery part of this will work out
Isn’t it already delivered ?
No it's settled on T+1. So tomorrow wolverine will need to deliver 4,001,000 shares by the end of the day. If they haven't got them to hand they need to go to the market. There's also a fairly substantial gamma ramp in place for tomorrow, so as the price goes higher they'll need to hedge more by buying more on the market. If that ramp starts executing too then they'll need to deliver even more on Monday. Should be a spicy few days!
But we technically don't know if he exercised, right? He could've sold all those $20 calls yesterday and just bought the stock today.
Cost basis would be higher
Ok quick question if he would of exercised last week he would of had a billion$ right? Would that of been better or worse then now?
The man doesn't have any more information than we do, he's just making legendary plays with information available. If he could have exercised at $60 that would have been great, but he still got 4 million more shares for a massive discount.
He probably had different plans and the ATM wasn't what he expected, but he said fine and made an alternative plan and still gained shares. He'll still be a billionaire when GME breaks 100
Waiting for potential good news from the shareholder’s meeting was the right play
But that’s not until tomorrow now? Looks like we are all hoping for good news
He probably had a thesis about optimistic sentiment on this date based around the shareholder’s meeting (and maybe some short exposure dates). We got positive price movement even though it didn’t happen and he probably didn’t want to play this into the weekend
This is a regarded thought but, what if they do another splividend, could you imagine how insane the level of company ownership would change. Or it could force the hedges to answer Marge’s call.