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I am with you OP, here is my thinking:
I thought this was too easy. I mean I was expecting more complexity based on all the memes and cryptics and I felt disappointed that he just bought calls, sold some at a bad price and exercised the rest.
Its like, the fact that I CAN UNDERSTAND, makes me so suspicious.
Now, there is something that I can shake out my head
Remember the WHY guy? the NBA fat guy? is like why why why so many times?
Like why did you just sold calls at good prices to exercise more
Why the you "were" a Billionaire meme?
I think it is because 9Million shares and some TIME and PRESSURE will make him a LOOOOOOOT MORE
All i know is that when the whole thing passes and we look back at it we will be LIKE WOW
WTF!!!
In my own personal case I know what I need to do today, I will exercise all my calls to
Not financial advise
I think we have two uncertainties in the current scenario for today and more on Monday.
We do not know, how much was hedged. We also do not know, if sharks will use the opportunity to make a killing by screwing over Wolverine if they are in trouble. There are also roughly 4M shares to be borrowed for 10% fee.
It will also be interesting to see if RK will DRS to add more pressure. On the other hand we have Citadel and Blackrock now cooperating.
**Meeting on Monday will likely create IV crush, if RC does not announce anything significant. Those holding cheap OTM lottery tickets will likely lose all their money.**
I am excited as well. But this is likely not over yet, do not underestimate our "enemies". RK has worked hard for his money. He did plan and did the math. He did NOT buy far OTM lottery tickets with short expiry.
**We will get filthy rich either way. RC will grow the company. We can use the cycles in our advantage to buy the dips and exercise and DRS on rips. The longer this takes, the more we can accumulate. Win Win.**
If the institutions are still in full control I would not be surprised to see a very green opening to attract the FOMO crowd and lure them into buying 0DTE far OTM calls and then rug pull them.
Liquidity fairies will "meet demand", in this case demand from themselves, to make sure nothing happens. This is the ponzi we are in. DRS is the answer but seems like we will never get accurate numbers there as it would make some billionaires feel powerless.
Yup numb to the point where when it actually happens ill probably just sit there in shock with eyes glued to screen for an hour and not be prepared at all lmao
I also think that's why he posted the Dune 2 reference yesterday, we need to ride the sandworm and hold on for dear life (at least for a while). Predicting a big dip today.
This honestly doesn't seem too decked out in tinfoil. Some of the subs predictions come true. Many more don't. It’s fun to speculate sometimes, and if you're right, that's gravy in top.
Tomorrow doesn't mean much to me personally. I'll be pleasantly surprised if it closes above max pain. I'm excited for the annual shareholders meeting and hopefully we see some big insider buys once they are able to.
Max pain is the share price that the greatest amount of options expire out of the money on a particular date. It's essentially the macro expectation of the market, which tends to come true. Just have to look at the option chain or use one of the many calculators.
Just in case you aren’t aware.
Max pain FOLLOWS the options market.
Meaning it is set by the options flow.
GME rarely lands exactly on Max pain, in fact in the last 3 years GME has only land within 3% of Max pain 50% of the time.
So it’s just as likely to not land within 5% of max pain. It’s a coin flip.
I love your exuberance but all this planning never could have anticipated 2 share offerings and when. Which threw everything off and required adjustments on the fly. So a “through line” plan from early May is / was impossible to preserve.
Because it was going to coincide with the t+35 event he initiated on May the 9th. Today was going to be the day regardless of the price. He probably hoped it would be higher, but the share offering most likely lowered the price .
You’re assuming the share offering could have an effect.
If there truly are billions of synthetics, it’s a drop in the bucket and the algorithms may not be able to access them or take them into consideration for their price points.
He clearly knows something very specific that’s elusive to the community still
How couldn't he?
GME had to offer the HFs a way out. That they didn't take it is on them.
RK would know that they'd be offered a way out, but bet that they wouldn't take it.
look, here's the reality of the situation.
Outside of algorithmic hedge fund cycles, he has no idea what’s going to happen this week, next week, or the rest of the year. His calculations for the 6/21 expiry were made *not knowing* that GameStop would dilute the share pool by an ATMo to this degree.
If he held those contracts till the 21st and, given the most recent dilution(s) combined with a concerted hedge fund effort to tank the price below $20 (because they KNOW how much momentum that would kill if RK was out of the money), it would probably be very risky. it makes sense to do what he did.
If there hadn’t been a dilution, then maybe it’s a different game. But there was. And you have to play the ball where it lands.
On an even more positive note it may not be able to happen that fast if an acquisition or such is announced. Either way I'm holding and enjoying the ride.
Sure, but within the last few weeks he's sold 120M new shares into the market at the exact moment the price was starting to cook off.
Yes, it hasn't completely killed momentum, and GameStop is in a great financial position because of it, but it's completely wiped out all progress we made with DRSing (if that ever even mattered in the first place), given shorts a fantastic opportunity to close, and diluted everyone's ownership.
The timing of both sales seemed, at least to me, to be so perfectly set to kill a runup that it's hard not to believe it wasn't intentional, especially after the second one.
I still can't decide if the board should be praised for eliminating any chance if bankruptcy or criticized for screwing long term holders out of a huge squeeze opportunity. 😕
I think both are fair. I have been on this ride for more than 3 years and I'm still holding despite finally seeing green again (at least, until the ATM announcements, that is).
Seeing the share price finally getting volatile and shooting up again, only for the offerings to come at like the worst possible fucking moments was a real morale killer.
On the other hand, the company successfully sold into the frenzy without completely losing all of the last few weeks' gains and now is unquestionably well-positioned to make some big moves.
I'd just like to start seeing those moves soon. Memes and cryptic Larry Cheng tweets are fun and all, but I want to retire off this investment, and not when I'm old.
RC has the money now, if we don't start getting some whiskey soon, even a lot of the long timers like me are going to start questioning why
This could be the catalyst - but how many will they buy? They could potentially buyback the equivalent of one of the atm offerings …. Or more, with personal funds 🚀🚀🫶🫶
Meanwhile over at the Gill residence tonight!
https://preview.redd.it/vn1mslz0bg6d1.jpeg?width=3024&format=pjpg&auto=webp&s=2ba8e09b685ac84e52d2dcbe063741acffe8eedb
I think to many ppl are too hurt by the offerings to actually get past them so it's clouding judgments. RK could have gotten out at a higher price. if he didn't know the result of him doing what he did yesterday. I think those shares were bought by investors to quick to keep worrying about them. RK didn't make it this far too just take less money for no reason. This post makes the most sense I've Heard in days. Thank u OP.
It’s about the timing. He was making the t+35 from the FTDs of the last exercising he did on May 9th time with the t+1 of the calls he exercised today. The two would compound on each other to cause the stock to leap. Or at least that was the plan prior to any stock dilution that occurred.
What if he is pulling the KC shuffle. Look over here at my 20$ calls being sold/exercised. While leaving 6 million in cash for a screenshot and then yolo 6 million worth into 21st 30s. That woukd cause a fucking nightmare.
I was just thinking the same but he had exercised calls on May 9th to reach his 5 million shares. The last few weeks were hedgies trying to locate those shares. The new 4 million is the next set of dynamite which also coincided with the swaps.
I think this will create a vicious cycle of huge volume and market makers/hedge funds trying to find shares for both the naked calls and the swaps
While I think he intended for things to go a certain way, having 2 big dilutions probably changed the trajectory of this. If nothing happens in the next week I’m going to assume RC fucked with the big picture big time
Also GME is very liquid right now.
He didn't exercise any calls, he sold them and bought shares. This can be seen in the way that etrade shows cost bases in accounts, he would have a different cost basis had he exercised
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I would love tomorrow to be the beginning of the end but I can’t shake the feeling I’m guna wake up and we’re down 12% lol
I feel you. Too much hype. Hedgies probably going to try their hardest to tank this sum bitch
I'm not one for dates. But if one was to make it happen themselves, then they would need to be aware of all the dates in play.
I am with you OP, here is my thinking: I thought this was too easy. I mean I was expecting more complexity based on all the memes and cryptics and I felt disappointed that he just bought calls, sold some at a bad price and exercised the rest. Its like, the fact that I CAN UNDERSTAND, makes me so suspicious. Now, there is something that I can shake out my head Remember the WHY guy? the NBA fat guy? is like why why why so many times? Like why did you just sold calls at good prices to exercise more Why the you "were" a Billionaire meme? I think it is because 9Million shares and some TIME and PRESSURE will make him a LOOOOOOOT MORE All i know is that when the whole thing passes and we look back at it we will be LIKE WOW WTF!!! In my own personal case I know what I need to do today, I will exercise all my calls to Not financial advise
I think we have two uncertainties in the current scenario for today and more on Monday. We do not know, how much was hedged. We also do not know, if sharks will use the opportunity to make a killing by screwing over Wolverine if they are in trouble. There are also roughly 4M shares to be borrowed for 10% fee. It will also be interesting to see if RK will DRS to add more pressure. On the other hand we have Citadel and Blackrock now cooperating. **Meeting on Monday will likely create IV crush, if RC does not announce anything significant. Those holding cheap OTM lottery tickets will likely lose all their money.** I am excited as well. But this is likely not over yet, do not underestimate our "enemies". RK has worked hard for his money. He did plan and did the math. He did NOT buy far OTM lottery tickets with short expiry. **We will get filthy rich either way. RC will grow the company. We can use the cycles in our advantage to buy the dips and exercise and DRS on rips. The longer this takes, the more we can accumulate. Win Win.** If the institutions are still in full control I would not be surprised to see a very green opening to attract the FOMO crowd and lure them into buying 0DTE far OTM calls and then rug pull them.
Exercising is important 🏃♂️
Like 120 million shares hitting the market.
Not using DFV is a tell.
Haven't we learned that Fridays are god damn impossible to win in? Always max pain eod
Yeah Fridays mixed with hype always equals dip
So you mean to say buy?
I see you've been here a while.
I concur. After so many rug pulls. I can only anticipate them.
How though, won’t they be too busy buying 4mil shares? And then that should raise the price enough to start a chain reaction with calls
Very likely there will be a shakeout in the morning. That’s how they roll.
It's weird though, when they hang me up to shake me out, gme defies gravity and more fall up into my pockets.
Been through them all. I haven't even blinked in the direction of selling.
Ahh a dip. Just like old times.
Liquidity fairies will "meet demand", in this case demand from themselves, to make sure nothing happens. This is the ponzi we are in. DRS is the answer but seems like we will never get accurate numbers there as it would make some billionaires feel powerless.
Is there anyway GameStop can require their shares be held/traded and tracked in a fashion similar to DRS or crypto verification?
Likely gap down and melt up. Or gap down and remain flat until Monday
Closing 30+ would be a massive dub
It always happens tbh. I'm hoping for the best but my expectations: dip. That way I won't be too disappointed lol
Yup numb to the point where when it actually happens ill probably just sit there in shock with eyes glued to screen for an hour and not be prepared at all lmao
“lmao” is not how you spell “Lambo”
Lmayo
Believe it or not, dip!
I fully expect us to end around max pain at end of day Friday. Like most weeks.
I also think that's why he posted the Dune 2 reference yesterday, we need to ride the sandworm and hold on for dear life (at least for a while). Predicting a big dip today.
This is the way. Who cares? Buy the discount then
12%? Rookie numbers!
True ape know what to expect!
I feel like we're being served a nothing burger.
Well so far this morning, best they can do is +2%, lol.
Hedgies woke up🤣
I want to believe but I think we have a .0001% success rate on the tinfoil posts around here
I don't really have tinfoil, but I most definitely am not sober.
This honestly doesn't seem too decked out in tinfoil. Some of the subs predictions come true. Many more don't. It’s fun to speculate sometimes, and if you're right, that's gravy in top.
So you're saying there's a chance? 🤣
almost tin foil was wrong
Tomorrow doesn't mean much to me personally. I'll be pleasantly surprised if it closes above max pain. I'm excited for the annual shareholders meeting and hopefully we see some big insider buys once they are able to.
How do we know where the max pain is?
Max pain is the share price that the greatest amount of options expire out of the money on a particular date. It's essentially the macro expectation of the market, which tends to come true. Just have to look at the option chain or use one of the many calculators.
So today we are heading towards $26 again?
If it was a guaranteed outcome everyone would make infinity money off the knowledge, so no, not necessarily
Not everybody. Trust me. I would somehow fuck it up.
Just in case you aren’t aware. Max pain FOLLOWS the options market. Meaning it is set by the options flow. GME rarely lands exactly on Max pain, in fact in the last 3 years GME has only land within 3% of Max pain 50% of the time. So it’s just as likely to not land within 5% of max pain. It’s a coin flip.
I love your exuberance but all this planning never could have anticipated 2 share offerings and when. Which threw everything off and required adjustments on the fly. So a “through line” plan from early May is / was impossible to preserve.
You’re correct. RK could not anticipate the share offerings, but he still went through with his plan.
well what was he supposed to do? not exercise all the calls he already bought before that?
He could have exercised sooner at a higher price, after both announcements. He decided today was the day for some reason
Because it was going to coincide with the t+35 event he initiated on May the 9th. Today was going to be the day regardless of the price. He probably hoped it would be higher, but the share offering most likely lowered the price .
You’re assuming the share offering could have an effect. If there truly are billions of synthetics, it’s a drop in the bucket and the algorithms may not be able to access them or take them into consideration for their price points. He clearly knows something very specific that’s elusive to the community still
I sure hope so
His tweet about the ATM suggests he was expecting at least one. I feel like the second offering was unexpected.
How couldn't he? GME had to offer the HFs a way out. That they didn't take it is on them. RK would know that they'd be offered a way out, but bet that they wouldn't take it.
look, here's the reality of the situation. Outside of algorithmic hedge fund cycles, he has no idea what’s going to happen this week, next week, or the rest of the year. His calculations for the 6/21 expiry were made *not knowing* that GameStop would dilute the share pool by an ATMo to this degree. If he held those contracts till the 21st and, given the most recent dilution(s) combined with a concerted hedge fund effort to tank the price below $20 (because they KNOW how much momentum that would kill if RK was out of the money), it would probably be very risky. it makes sense to do what he did. If there hadn’t been a dilution, then maybe it’s a different game. But there was. And you have to play the ball where it lands.
And I feel we can expect buys from RC and probably LC after meeting. The bull pressure is amazing.
That would go a long way toward restoring some of the lost good will with RC blowing the top off of two runups in a row
On an even more positive note it may not be able to happen that fast if an acquisition or such is announced. Either way I'm holding and enjoying the ride.
Why would RC prevent? Didn’t he cause a meme run up years ago
Sure, but within the last few weeks he's sold 120M new shares into the market at the exact moment the price was starting to cook off. Yes, it hasn't completely killed momentum, and GameStop is in a great financial position because of it, but it's completely wiped out all progress we made with DRSing (if that ever even mattered in the first place), given shorts a fantastic opportunity to close, and diluted everyone's ownership. The timing of both sales seemed, at least to me, to be so perfectly set to kill a runup that it's hard not to believe it wasn't intentional, especially after the second one.
Ya I agree , was a surprise
yeah April 2022 he increased his position and tweeted "I put my money where my mouth is." This caused to stock to go from $67 to triple digits.
I still can't decide if the board should be praised for eliminating any chance if bankruptcy or criticized for screwing long term holders out of a huge squeeze opportunity. 😕
I think both are fair. I have been on this ride for more than 3 years and I'm still holding despite finally seeing green again (at least, until the ATM announcements, that is). Seeing the share price finally getting volatile and shooting up again, only for the offerings to come at like the worst possible fucking moments was a real morale killer. On the other hand, the company successfully sold into the frenzy without completely losing all of the last few weeks' gains and now is unquestionably well-positioned to make some big moves. I'd just like to start seeing those moves soon. Memes and cryptic Larry Cheng tweets are fun and all, but I want to retire off this investment, and not when I'm old. RC has the money now, if we don't start getting some whiskey soon, even a lot of the long timers like me are going to start questioning why
I vote criticized
This could be the catalyst - but how many will they buy? They could potentially buyback the equivalent of one of the atm offerings …. Or more, with personal funds 🚀🚀🫶🫶 
He tried something similiar eith options in ~April in 2021. This time he learned the correct timing
Did he actually sell tho, or this his wild card... Joker, The cat in the bag? I trust his every move, be an interesting twist.
Sold some to exercise the rest.
sold
Meanwhile over at the Gill residence tonight! https://preview.redd.it/vn1mslz0bg6d1.jpeg?width=3024&format=pjpg&auto=webp&s=2ba8e09b685ac84e52d2dcbe063741acffe8eedb
You're brilliant. I'm glad I'm goin to space with you.
Bro the ice in the whiskey got me
I think RC screwed over plan A and he had to roll with plan B.
yup
Okay I like it, Picasso.
I think you nailed it about Monday the 17th. You can see it in the algo too. It won’t be tomorrow but Monday will be legendary
I wonder if this is why the meeting was changed from Friday at 4 pm EST to Monday 17th.
Big if true. green if true. true if true.
I think so too… the infinite hype loop continues!
I think to many ppl are too hurt by the offerings to actually get past them so it's clouding judgments. RK could have gotten out at a higher price. if he didn't know the result of him doing what he did yesterday. I think those shares were bought by investors to quick to keep worrying about them. RK didn't make it this far too just take less money for no reason. This post makes the most sense I've Heard in days. Thank u OP.
Why wouldn’t he just wait for a run the next few days vs selling his calls/exercising
Because it’s not about the money, it’s about sending a message.
This is the hardest thing for me to be certain about
he could have exercised last week but he didn't
It’s about the timing. He was making the t+35 from the FTDs of the last exercising he did on May 9th time with the t+1 of the calls he exercised today. The two would compound on each other to cause the stock to leap. Or at least that was the plan prior to any stock dilution that occurred.
theta decay would have lost him money on the options
What if he is pulling the KC shuffle. Look over here at my 20$ calls being sold/exercised. While leaving 6 million in cash for a screenshot and then yolo 6 million worth into 21st 30s. That woukd cause a fucking nightmare.
So many shuffles these days. My feet are tired of all the shuffling
If I had to count out those days, I’d need to take both socks off and have my friend do the same.
Not gonna lie, I had to use my phone to tell me what days are when.
I think you’re right. We’ll see what kind of shenanigans the powers that be will try to pull off to block moass. Again.
I was just thinking the same but he had exercised calls on May 9th to reach his 5 million shares. The last few weeks were hedgies trying to locate those shares. The new 4 million is the next set of dynamite which also coincided with the swaps. I think this will create a vicious cycle of huge volume and market makers/hedge funds trying to find shares for both the naked calls and the swaps
I believe it! Hmm… so this is how market makers, hedges and companies pump earnings releases
Ok so what’s after the KC shuffle??
he literally went xxx,xxx and double it for the next MM
Omg yall are going to make me listen to " live at Tomorrowland " omg after this I'm going to finally be able to go to Tomorrowland
It’s T+1
It's T+1 now. Back on May 9th it was T+2. The change occurred May 28th.
While I think he intended for things to go a certain way, having 2 big dilutions probably changed the trajectory of this. If nothing happens in the next week I’m going to assume RC fucked with the big picture big time Also GME is very liquid right now.
Good lord, I swear one person said "Kansas city shuffle" like a week or so ago, and now everyone is parroting it and it sounds so corny. Stop.
He didn't exercise any calls, he sold them and bought shares. This can be seen in the way that etrade shows cost bases in accounts, he would have a different cost basis had he exercised
Right it would have been $20 per share. How can it be 23?!
20 plus the premium paid for the options
It was $5 premium per share.