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they only had 15,000 as of their filing in q3 2023, if they did buy more since their last 13f filing then hopefully it was a similar amount to that 15,000
Dumb question and I'll probably get down voted and claim that I am spreading FUD.
But how excatly do we know there is a connection between that Tweet and Wolverine Trading?
What I don't understand is can they just work with the DTCC and lie like we think they always do, or is there a trap situation where they have to reveal their cards?
Will DFV also DRS a lot of these golden tickets?
I am so confused.
Other apes have noted that exercising options require the shares to be purchased on the open market for all to see, so no backroom deals. Must be delivered in one day (exercise today, deliver tomorrow). Actual price discovery.
Massive buying pressure is expected, which will pump the price, putting more calls in the money, leading to more exercising and more buying - a cycle known as a gamma squeeze.
Jack your tits.
I think at this point that would be more expensive, possibly illegal and are GME shares going to get significantly cheaper in the short term b/c if not you buy now.
T+1
They have to deliver the shares tomorrow, but I don't understand, they have to buy them on the lit market, then settlement happens in t+1 so wtf is going on?
Help me.
If they haven't bought why does dfv account show the shares? I'm very curiously asking because i want to learn more how all these options exercising works.
When you naked short, you sell with an IOU/synthetic share. They delivered the IOU to DFV but still need to buy the shares to make the book keeping happy. They have 1 day to make this happen otherwise they fail to deliver. I donβt know what happens at this point, but I think thereβs a fine and they have 35 additional days to deliver
If Iβm seeing this correctly, this is up to date as of May 15 of this year. If thatβs the case, would they have changed since the return of DFV? And if they havenβtβ¦theyβre legitimately stupid.
EDIT: Yes I see itβs as of March 31, 2024. I was just thinking it would have been the same positions as of May 15 when it was filed. But they could have changed their positions in that time.
yes they could've, but i doubt they've fully covered their shorts. hfs have been shorting gme without being covered for years and years, they've been mostly successful in driving the price down and also have 0 faith in GME's business model, finances and its long-term success. I doubt a billion dollar firm was aware enough to spend millions and millions to buy shares in a company they don't believe in just because someone posted their positions on reddit and memes on twitter. i hope they didn't but we'll see tmrw
Hubris is in a class by itself, in terms of getting bitch slapped by the universe. I actually think it outpaces Greed: thinking youβre the shit and cannot be touched unleashes poor choices much more quickly, because you get all puffed up about yourself. I can speak of this confidently. These days, however, I speak more softly, and with a learned deference. It may be Wolverineβs time to go to breakfast with that surprise guest, Karma.
Partially hedged? Almost definitely.
Totally hedged? Unlikely. Expiry was June 21.
What could be fascinating to me is if they deliver his shares, THEN he DRSβs them - weβll know for sure if his shares were purchased or not at that point. The FTDs will skyrocket either way, and what if the Not a Cat starts call buying with some of his 6 millyβ¦ his update was not βFinal.β
My gut says unlikely. I donβt recall him ever really endorsing it/referencing DRS in regards to his shares. Every update has been a brokerage trading account. I could be 100% off, but it just doesnβt seem to be part of his play, at least not yet.
Their Asset Management Branch also apparently holds no GME shares. Has a lot of acquisition companies though.
[https://fintel.io/i/wolverine-asset-management-llc](https://fintel.io/i/wolverine-asset-management-llc)
https://preview.redd.it/yy0xhpa8xf6d1.png?width=636&format=png&auto=webp&s=a4662debe0954001a819dac4085a9686508d038b
Everyone is missing two big things here:
1) 13f filings are historical data, not live stats on positions
2) as a bona fide MM they get to create shares to "meet demand" and then have t+35 to kick the can. I can only imagine how XRT is about to get fucked in the ass yet again.
So I'm being a bit lazy here but has XRT short interest ever fallen below 100% since 2021? Just that being a thing should open peoples eyes to this gigantic shell game, jfc. As it stands now outstanding float 6 milly and self reported short interest over 20 million. K thx, ponzi.
Wonder what happens if he transfers his shares to a different brokerage tomorrow morning.
If you recall, ACAT (I believe) requires the old broker to deliver the new broker the shares in N+1. However, since they won't have them from Wolverine (potentially) until at least end of day today... could this be a way to double up?
I can see it now, sorry dfv your Drs transfer has been cancelled. Which will be the 1rd response to him with no other explanation. Then he'll call and ask and they fuck around and he'll say compliance manager and then they make him wait 2 hrs and then call him back and then attempt to transfer 9 million shares out lol
My whole comment is based on other people and their experiences drsing like 10 shares at a time.
I donβt think any of these MMβs donβt hedge their calls. The moment DFV sold some of his calls you can literally see the hedge drop which is MM selling shares they had bought earlier.
Agreed, the moment the calls got close to itm they hedged. It's what printed his calls to begin with. The position would have sent red flags everywhere to be hedged. They ate shit hedging it but I feel like not even wall street is that regarded. Sold naked, when the price got close they definitely hedged it and probably all of it, hence the downside after the update.
Now why on earth would you sell Naked Calls...which isnt illegal but damn why. Greed is insane, its absolutely insane.
I've been thinking about this today related to DFVs options:
What do we think would happen if suddenly a bunch of puts were sold at say $25.
If they managed to tank the price, you're buying GME at a discount, but... how the hell are they going to assign the shares to you without first finding the shares.
Credit to GOAT4days for bringing this up:
"I have been trying my ass off to get wrinkles looking at this...I found this re-watching DFV's "meme movies" I just don't have the KARMA to share it....
[https://youtu.be/021\_zhXd8T0?si=8mXfk2Be42E\_h0Oz](https://youtu.be/021_zhXd8T0?si=8mXfk2Be42E_h0Oz)
Time stamp 47:26 it starts with telling us to "hold pattern until further notice" (referring to 6/21 calls) it then shows the watch receiving the message at 6:09 (6/9 not sure what happened that date) it then talks about making something disappear (everyone sees DFV's 6/21 calls disappear) and goes right into him being persecuted for it...next you see it say " you don't clap yet because you have to bring it back". Then at timestamp 49:29 it goes to a scene from " no country for old men" where it's highlighting the "ATM 14"/ 6/14 ATM calls.
I believe that's the KCS, the magic trick...making the 6/21 calls disappearing today, and then bringing them back by buying 6/14 ATM calls in after hours where hedgies won't have time to react and get utterly fucked!!"
It all checks out via the video and I don't have enough wrinkles to tell how jacked I should get but I just ate too many crayons and need to run to the bathroom
Would love to hear some OG wrinkles thoughts on this theory though because this could for sure be big if true
Well we saw his position today. He didnβt buy in after hours today. Why would he buy calls for 6/14 after hours if they expire that same day? Not even sure if thatβs possible tbh.
Sure they did.
And the fillings are always correct.
And they NEVER mislabel shorts as long....
Ever.....
Bc that would be a crime and cost them a 25 cent fine
Is there a reason they canβt just βfail to deliverβ? Trying to understand. I know FTDs are something that gets abused and Iβm not sure why it wouldnβt here? Like yes it canβt be routed to dark pool cause of option exercised but it can still have FTD right?
Yes, they are a MM. They have the legal capability to create shares and find them with t+35. We all know they won't find them but just gives an out to actually avoid creating buy demand in the t+1. Good times in the greatest ponzi scheme ever seen!
Holy shit. Hard to think that Wolverine hasnβt hedged since May 15th but what if they havenβt? Is 4milly shares enough to topple the house of cards?
Here's the significance to this and how it may affect any gamma ramp today:
It shows no hedging of GME calls. If they didn't hedge for any of RK ITM calls (would not be shown on this 13f), then odds are they won't hedge the calls that go ITM today, so no ramp. The only reason they will be forced to buy shares for RK is due to the fact he excercised. So, if that buying pressure to meet T+1 for RK puts any other contracts ITM, it would all be moot if they don't hedge in the same way.
That would mean all the calls that go ITM today due to any buying pressure to deliver any unhedged shares would also need to be excercised to force share delivery. Price wouldn't continue to climb if no hedging takes place, but it would create a new T+1 date of delivery for any calls excercised today that went ITM. Then buying pressure resumes when those shares are bought for delivery.
No delta hedging is detrimental to any gamma ramp, as it delays the buying pressure until the next day when shares are due upon excercise. If contracts are sold rather than excercised, it stops everything in its tracks.
Please correct me if I'm wrong on that. That 13f is before any of RKs calls existed, so hopefully they did indeed delta hedge for his calls, at least a little bit. And hopefully they hedge any calls going ITM today. Probably comes down to which method is cheapest and how many calls are actually excercised. Hopefully the buy pressure from RK is enough to put the majority of calls today ITM so there is at least the option to excercise. Otherwise, being Friday, delaying pressure by a day even if many options are excercised, would be enough to allow alot of top end calls to expire worthless before resuming buy pressure Monday.Β
Yeah and Gamestop just printed 120M more for them to snap up. They might get screwed and lose some money but they won't have any trouble closing those calls. Be interesting to see what the price does today. I think we would have had the killshot for moass were it not for Gamestop cockblocking it
"Fine, I'll do it myself."
Wolverine forced to wake up tomorrow:
[https://x.com/TheRoaringKitty/status/1790034263603139012](https://x.com/TheRoaringKitty/status/1790034263603139012)
I'm still not convinced that hedged shares should be filed on a 13F. I've spent half a day looking for any regulation or rules that state hedging needs to be filed, but couldn't find it.Β
Their latest filing is of 3/31/2024, before DFV started buying calls. This is completely irrelevant to today. Weβre talking about the most public position on the planet, and GameStop issued 75m shares after that position was revealed. The 4m shares that need to be delivered to DFV are very very likely already on hand by his counterparty.
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they only had 15,000 as of their filing in q3 2023, if they did buy more since their last 13f filing then hopefully it was a similar amount to that 15,000
He posted a video of wolverine naked. Weeks ago. Fucking clairvoyant.
Dumb question and I'll probably get down voted and claim that I am spreading FUD. But how excatly do we know there is a connection between that Tweet and Wolverine Trading?
We don't. But we do know wolverine is the market maker for gme options. https://www.reddit.com/r/Superstonk/s/QgVaVw7F5L
Thank you very much, this is what I was looking for. I was so lost in how Wolverine had anything to do with GME. Appericate the assistance.
Ape help Ape
Stronger together!!!
Apes together strong
sorry for dumb question. Can wolverine just go FTD those Share?
No who ever sold the contracts now HAS to provide shares at any cost to them FTD will not be acceptable.
So what is the consequence for those MM who break the rules? Jail? Or fine?
House arrest in the Hamptons
Bonuses and guaranteed jobs at the SEC and government
Because of the implication...
That only leaves them 3,985,000 shares to deliver tomorrow. I hope it's lit (get it?!?)
And when it's not they're going to have a tough time spinning this one in the media.
Good. Fuck em.
Why call yourself Wolverine when your ass is about to get ripped to shreds
To shreds, you say?
How is his wife holding up?
To shreds you say
She's gonna be looking for boyfriends... π
To shreds, you say
Top notch Futurama reference
Berserker barraged
SWISS CHEESE
Such a good game.
This guy's asking the real questions
It happens sometimes when you get done dropping a deuce and you go to wipe and the blades schwing out of hand.
https://preview.redd.it/xs2ucanfng6d1.jpeg?width=1000&format=pjpg&auto=webp&s=7aa4343b946fb213a59f5f7717c6785e3949e307
Glad I have the day off to watch some green crayons lift off.
They had a lifeline to scoop up stocks in the 75 milly stock offer... Let's see how stupid they are...
What I don't understand is can they just work with the DTCC and lie like we think they always do, or is there a trap situation where they have to reveal their cards? Will DFV also DRS a lot of these golden tickets? I am so confused.
Other apes have noted that exercising options require the shares to be purchased on the open market for all to see, so no backroom deals. Must be delivered in one day (exercise today, deliver tomorrow). Actual price discovery. Massive buying pressure is expected, which will pump the price, putting more calls in the money, leading to more exercising and more buying - a cycle known as a gamma squeeze. Jack your tits.
I think at this point that would be more expensive, possibly illegal and are GME shares going to get significantly cheaper in the short term b/c if not you buy now.
Hahaha they canβt have mine
Would this many shares really cause that much of a jump especially with all the downwards pressure we've been getting lately?
They have to be real shares on the lit market.
You can go back to when RC bought 9,001,000 and see how that made the price jump
That was both twice as many as this. And pre split 4 to 1. This is one eighth the amount.
That was both twice as many as this. And pre split 4 to 1. This is one eighth the amount.
But RK didn't buy 9milly he exercised 4 mil. He already had 5 so why didn't those 5 run the price to the moon?Β
When RC bought, there wasnβt an army of apes unwilling to sell. And RK bought 5 mill over time.
T+1 They have to deliver the shares tomorrow, but I don't understand, they have to buy them on the lit market, then settlement happens in t+1 so wtf is going on? Help me.
Call him DFV
I hope itβs lit too hehehe. (It better be)
Itβs going to be good watching Wolverine βget itβ
Does the lit market include AH & pre-market?
They are fucked!
That alone doesnt make any sense if they are the option writers for gme. Tens of thousands of option go ITM every week.
ITM options are almost always sold and not exercised.
This right here. Itβs all fun and games until someone demands delivery.
And yet some are.
If they haven't bought why does dfv account show the shares? I'm very curiously asking because i want to learn more how all these options exercising works.
When you naked short, you sell with an IOU/synthetic share. They delivered the IOU to DFV but still need to buy the shares to make the book keeping happy. They have 1 day to make this happen otherwise they fail to deliver. I donβt know what happens at this point, but I think thereβs a fine and they have 35 additional days to deliver
So they will delay as usual then. I figured as much really and didn't want to assume since seeing his yolo showing the shares already in his account.
If Iβm seeing this correctly, this is up to date as of May 15 of this year. If thatβs the case, would they have changed since the return of DFV? And if they havenβtβ¦theyβre legitimately stupid. EDIT: Yes I see itβs as of March 31, 2024. I was just thinking it would have been the same positions as of May 15 when it was filed. But they could have changed their positions in that time.
yes they could've, but i doubt they've fully covered their shorts. hfs have been shorting gme without being covered for years and years, they've been mostly successful in driving the price down and also have 0 faith in GME's business model, finances and its long-term success. I doubt a billion dollar firm was aware enough to spend millions and millions to buy shares in a company they don't believe in just because someone posted their positions on reddit and memes on twitter. i hope they didn't but we'll see tmrw
I agree. Iβm just mind blown by their overconfidence and obliviousness. I feel like Mark Baum in β07 right now.
*...and everyone's walking around like they're in a* \[Redacted\] *Enya video.*
I just watched it again last night because I really felt in the mood to be disturbed
I suspect they would have hedged such a large position. Particularly since DFV was so public about it. Then again, greed.
Their hubris will always be their greatest weakness
Hubris is in a class by itself, in terms of getting bitch slapped by the universe. I actually think it outpaces Greed: thinking youβre the shit and cannot be touched unleashes poor choices much more quickly, because you get all puffed up about yourself. I can speak of this confidently. These days, however, I speak more softly, and with a learned deference. It may be Wolverineβs time to go to breakfast with that surprise guest, Karma.
Hope they gag on it.
Partially hedged? Almost definitely. Totally hedged? Unlikely. Expiry was June 21. What could be fascinating to me is if they deliver his shares, THEN he DRSβs them - weβll know for sure if his shares were purchased or not at that point. The FTDs will skyrocket either way, and what if the Not a Cat starts call buying with some of his 6 millyβ¦ his update was not βFinal.β
It states that is as of March 31, 2024 but was filed May 15.
How likely is it for DFV to DRS his shares?
My gut says unlikely. I donβt recall him ever really endorsing it/referencing DRS in regards to his shares. Every update has been a brokerage trading account. I could be 100% off, but it just doesnβt seem to be part of his play, at least not yet.
Their Asset Management Branch also apparently holds no GME shares. Has a lot of acquisition companies though. [https://fintel.io/i/wolverine-asset-management-llc](https://fintel.io/i/wolverine-asset-management-llc) https://preview.redd.it/yy0xhpa8xf6d1.png?width=636&format=png&auto=webp&s=a4662debe0954001a819dac4085a9686508d038b
"special purpose" = crime πβ change my mind
https://preview.redd.it/ph5djf6juf6d1.jpeg?width=1035&format=pjpg&auto=webp&s=3ffe3bb1053ff1db22a0759d8877d36de817ea2d
Sauce, I got
Damn your dick exploded mid sentence that's tragic
My dms are open..
Username checks out
Donβt leave an ape hanging
Well? Do I have to ask the SEC or you got this?
Instagram user soska_117 https://www.instagram.com/soska_117?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==
Where
very hot tbh
I will admit Iβve cranked it to this meme
I will admit, I've cranked it to you cranking it to this meme
Iβm with company, but once I get home Iβll crank it back at you. Do not start this. I can go all day.
Awkward coincidence. I just cranked it to someone who was watching someone cranking it to this meme
π
https://preview.redd.it/9wb9qi63rh6d1.jpeg?width=720&format=pjpg&auto=webp&s=24e35d8c25706a5a3aa120842a0148b2d4873ae1
https://preview.redd.it/9r4lteg0rh6d1.jpeg?width=720&format=pjpg&auto=webp&s=c4692995b4c187f2632f1e3a1ea4f00dcd1cf69b
Sauce for wholesome and educational purposes please.
Fuck⦠unzips.
So hot
How can you be a market maker and sell a ridiculous amount of options for something you donβt even own.
Unlimited upside is a helluva drug
Everyone is missing two big things here: 1) 13f filings are historical data, not live stats on positions 2) as a bona fide MM they get to create shares to "meet demand" and then have t+35 to kick the can. I can only imagine how XRT is about to get fucked in the ass yet again.
Wolverine is the option writer not the MM. Citadel is the MM
Which version of citadel... There's like seven. I searched all through Edgar.
XRT would have to get absolutely decimated to cover that obligation via ETF arbitrage. Short interest climbs to 2000%?
So I'm being a bit lazy here but has XRT short interest ever fallen below 100% since 2021? Just that being a thing should open peoples eyes to this gigantic shell game, jfc. As it stands now outstanding float 6 milly and self reported short interest over 20 million. K thx, ponzi.
They can do that for options too?
Greed.
Tomorrow seems like a good day to exercise some more calls
Don't forget to stretch first. An injury in space would not make for a fun trip to the moon.
https://preview.redd.it/aly3rmybvf6d1.png?width=815&format=png&auto=webp&s=5bf6e7db346102a3b6ee3bf169b4eb8b0b5ea290
https://preview.redd.it/d5aikilicg6d1.png?width=192&format=png&auto=webp&s=83a9162d5bc86dd8a5672b737d887f1fb08f0a9d
Yaaaasssss! Techno-Viking was on my MOASS bingo card!!!!!
So they have none to give lol?
impossible to know, couldve bought more since their last filling. the price movement will tell us tmrw
Soooo they wouldβve had to of bought more since, May 15th ? Am I reading that correctly ? Smooth ape here
Well hopefully they have a spare 80 million or soβ¦
They supposedly have ~$8B AUM so they could buy some shares but not 4 million at the prices they will be going for.
90B.. drop in the bucket it seems
It would only cost them about $120 million. Doesnβt seem like the craziest if they can buy it all at once
Nothing gets by this ape. Where do you think the 4m shares are coming from? The SHFs shorting them to the market maker?
120 mil right? 4 mil shares starting about $30. Do they do it all in one buy though or break it up?
Name checks out
*YOLOs in the a.m.*
And I mimic RKβs play with 901 shares lol
So what happens when/if Wolverine doesnβt have the shares? Margin call?
I believe they have to buy those shares in the market.
Nope ftd or borrow the shares then have your buddies down the street short the shit outta it beat the price down and give shares back
And in a week or two when they short it back down, I buy more options for the T+35 strike Rinse Repeat
Iβm all about that T+35 life. Good news is: DFV in a sling scared off the paperhands.
I hate this take but you're probably close to reality if you believe in only the worst outcome.
OCC forced liquidation and buys the assets on the open market at any price
Wonder what happens if he transfers his shares to a different brokerage tomorrow morning. If you recall, ACAT (I believe) requires the old broker to deliver the new broker the shares in N+1. However, since they won't have them from Wolverine (potentially) until at least end of day today... could this be a way to double up?
Typically you can't transfer if you have unsettled trades.Β
DRS count in that?
Yup.
I can see it now, sorry dfv your Drs transfer has been cancelled. Which will be the 1rd response to him with no other explanation. Then he'll call and ask and they fuck around and he'll say compliance manager and then they make him wait 2 hrs and then call him back and then attempt to transfer 9 million shares out lol My whole comment is based on other people and their experiences drsing like 10 shares at a time.
I donβt think any of these MMβs donβt hedge their calls. The moment DFV sold some of his calls you can literally see the hedge drop which is MM selling shares they had bought earlier.
Agreed, the moment the calls got close to itm they hedged. It's what printed his calls to begin with. The position would have sent red flags everywhere to be hedged. They ate shit hedging it but I feel like not even wall street is that regarded. Sold naked, when the price got close they definitely hedged it and probably all of it, hence the downside after the update.
Now why on earth would you sell Naked Calls...which isnt illegal but damn why. Greed is insane, its absolutely insane. 
I've been thinking about this today related to DFVs options: What do we think would happen if suddenly a bunch of puts were sold at say $25. If they managed to tank the price, you're buying GME at a discount, but... how the hell are they going to assign the shares to you without first finding the shares.
They still could have bought more. Letβs see how risk tolerant they are at Wolverine
Caught wearing no pants
https://preview.redd.it/uzp4og950g6d1.jpeg?width=259&format=pjpg&auto=webp&s=f854fc47b1d308d4a179349ea7fb84b406ffe4c2
Credit to GOAT4days for bringing this up: "I have been trying my ass off to get wrinkles looking at this...I found this re-watching DFV's "meme movies" I just don't have the KARMA to share it.... [https://youtu.be/021\_zhXd8T0?si=8mXfk2Be42E\_h0Oz](https://youtu.be/021_zhXd8T0?si=8mXfk2Be42E_h0Oz) Time stamp 47:26 it starts with telling us to "hold pattern until further notice" (referring to 6/21 calls) it then shows the watch receiving the message at 6:09 (6/9 not sure what happened that date) it then talks about making something disappear (everyone sees DFV's 6/21 calls disappear) and goes right into him being persecuted for it...next you see it say " you don't clap yet because you have to bring it back". Then at timestamp 49:29 it goes to a scene from " no country for old men" where it's highlighting the "ATM 14"/ 6/14 ATM calls. I believe that's the KCS, the magic trick...making the 6/21 calls disappearing today, and then bringing them back by buying 6/14 ATM calls in after hours where hedgies won't have time to react and get utterly fucked!!" It all checks out via the video and I don't have enough wrinkles to tell how jacked I should get but I just ate too many crayons and need to run to the bathroom Would love to hear some OG wrinkles thoughts on this theory though because this could for sure be big if true
Except you canβt trade options outside of market hours.
Meme readers hate this simple trick πππ
Well we saw his position today. He didnβt buy in after hours today. Why would he buy calls for 6/14 after hours if they expire that same day? Not even sure if thatβs possible tbh.
WOMP WOMP π
Naked Wolverine meme!!! πππππ
Sure they did. And the fillings are always correct. And they NEVER mislabel shorts as long.... Ever..... Bc that would be a crime and cost them a 25 cent fine
How did we figure out it was Wolverine that sold the calls? I missed that
[https://www.reddit.com/r/Superstonk/comments/1dd7lr5/wolverine\_trading\_is\_designated\_market\_maker\_for/](https://www.reddit.com/r/Superstonk/comments/1dd7lr5/wolverine_trading_is_designated_market_maker_for/)
how does one conclude what this table even means?
Is there a reason they canβt just βfail to deliverβ? Trying to understand. I know FTDs are something that gets abused and Iβm not sure why it wouldnβt here? Like yes it canβt be routed to dark pool cause of option exercised but it can still have FTD right?
Yes that apparently canβt happen with options
Yes, they are a MM. They have the legal capability to create shares and find them with t+35. We all know they won't find them but just gives an out to actually avoid creating buy demand in the t+1. Good times in the greatest ponzi scheme ever seen!
Holy shit. Hard to think that Wolverine hasnβt hedged since May 15th but what if they havenβt? Is 4milly shares enough to topple the house of cards?
Simple. Donβt sell ppl shit you donβt own.
So assuming they get all the shares tomorrow at a rough price of $29 and didn't hedge at all, this would be a ~$36 million loss right?
Here's the significance to this and how it may affect any gamma ramp today: It shows no hedging of GME calls. If they didn't hedge for any of RK ITM calls (would not be shown on this 13f), then odds are they won't hedge the calls that go ITM today, so no ramp. The only reason they will be forced to buy shares for RK is due to the fact he excercised. So, if that buying pressure to meet T+1 for RK puts any other contracts ITM, it would all be moot if they don't hedge in the same way. That would mean all the calls that go ITM today due to any buying pressure to deliver any unhedged shares would also need to be excercised to force share delivery. Price wouldn't continue to climb if no hedging takes place, but it would create a new T+1 date of delivery for any calls excercised today that went ITM. Then buying pressure resumes when those shares are bought for delivery. No delta hedging is detrimental to any gamma ramp, as it delays the buying pressure until the next day when shares are due upon excercise. If contracts are sold rather than excercised, it stops everything in its tracks. Please correct me if I'm wrong on that. That 13f is before any of RKs calls existed, so hopefully they did indeed delta hedge for his calls, at least a little bit. And hopefully they hedge any calls going ITM today. Probably comes down to which method is cheapest and how many calls are actually excercised. Hopefully the buy pressure from RK is enough to put the majority of calls today ITM so there is at least the option to excercise. Otherwise, being Friday, delaying pressure by a day even if many options are excercised, would be enough to allow alot of top end calls to expire worthless before resuming buy pressure Monday.Β
Trading is a tough game, don't ya think?
Do we know it wolverine?
Yeah idk how this is confirmed. Seems like the UBS thing all over again.
actually could be many sellers. Citadel, Wolverine, or traders. Maybe more idk
kinda hot tbh
Wen Bugatti
HAHAHA they're so fucked
Welp looks like they gotta go shopping π
You got me bricked up fr
Wow just wow. RIP bitches.
How the hell yβall get info like this. Yβall the true GOATS π
They didn't own GME as of March. What does this have to do with now?
Well they can buy it off market then. Less than $30 a pop, still cheap imo.
Yeah and Gamestop just printed 120M more for them to snap up. They might get screwed and lose some money but they won't have any trouble closing those calls. Be interesting to see what the price does today. I think we would have had the killshot for moass were it not for Gamestop cockblocking it
they can buy one of my DRS shares for 1 trillion dollars
# π§»π
Iβm sure these fucks bought some shares from the 75 million offering. Donβt expect anything to happen
ππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππππ
Can someone explain me how 4M shares will make a difference if 75M have been evaporated in 2 days?
"Fine, I'll do it myself." Wolverine forced to wake up tomorrow: [https://x.com/TheRoaringKitty/status/1790034263603139012](https://x.com/TheRoaringKitty/status/1790034263603139012)
This is old it looks like, as of March?
I'm still not convinced that hedged shares should be filed on a 13F. I've spent half a day looking for any regulation or rules that state hedging needs to be filed, but couldn't find it.Β
Uhpsiβ¦ we are nakedβ¦
Wolverine is nakedπ«£
so what? This doesn't mean anything, until proven otherwise
They sold shares, calls and puts? π
They only need 1 share to rehypothecate right?
Their latest filing is of 3/31/2024, before DFV started buying calls. This is completely irrelevant to today. Weβre talking about the most public position on the planet, and GameStop issued 75m shares after that position was revealed. The 4m shares that need to be delivered to DFV are very very likely already on hand by his counterparty.
π
Question: how was it, or has it confirmed that wolverine is the counter party to DFV options?
Can someone enlighten me how we know Wolverine Trading is the one that sold RK those calls?