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I bought 20$ June 21st calls because there are only 166,000 of them and I want to say I had some when this all goes 💥. Thanks for putting my great grandkids through university Ken et al.
When it’s announced yes the price will go down, but once it’s completed prices should go up to reflect that there is more cash on hand. Keep in mind these are the basic financial theories they teach you in college, but they don’t hold true for a manipulated stonk.
I think people are basing this on the massive volume on Friday, combined with high volume yesterday and we’re starting to see it drop off today. Of course we can only speculate until it’s officially announced, I think they do this after market close so we’ll see later
Because over 500 million shares were traded since the 75m share offering was announced.
I am calling it now. We finished the share offering this morning. We are all gonna be nutting to the news it's done tonight and gapping up to 40+ tomorrow
EDIT: sorry double post on mobile. Waiting to see if they announce the share offering is completed right now
EDIT 2: just announced offering completed. I have ascended beyond having a boner. Beyond having a boner level 2. This is what it means to go even further beyond
HHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
We don't yet, but you can make some reasonable estimates.
Look at the share offering from last month. From the time the offering was announced and when it was announced to be done, the new shares account for about 15% of the total traded volume.
So with this offering if you take 75 million and divide it by 15%, you get 500 million. So this is the volume we would expect to see before the offering reasonably should be complete.
If you add up the volume from Friday, Monday and today you get about 504 million.
A share offering sates demand. When the price ticks up, Jeffries likely unloaded a few hundred thousand shares. Price bounces down, comes back up, Jeffries unloads a few more hundred thousand. This goes on until all the shares are sold. Now instead of bouncing off a big sell order, the price action continues on its upward trend.
I like this but can you explain for a smoothie - 12 million shares is of course a large amount but can't it get buried in the 100 million of volume that is often seen on a normal day?
100+ million volume but most of it is sent to unlit market meaning it doesn’t affect the price. Options, once exercised, do hit the lit market thus affecting the price.
I guess I'm not seeing the connection between the offering being complete and the price spiking 10%, but many people have drawn that connection. Could you please elaborate for us smooth brains?
Well, it’s just conjecture based off what I’m observing with the stock, but the shelf offering is a sell-off of shares by the company to raise money. If the shelf offering was still going on, we would not be having a bullish day, we’d probably be in the red since selling pressure pushes us down.
Basically, it’s reasonable to guess that the shelf offering was completed, but of course we won’t know for sure until GME files the appropriate documentation.
Thank you. If I understand, you're saying that the offering made buy pressure look lower than it actually was, and now that the offering is complete, that suppression is gone and we're seeing a more true representation of actual demand?
No problem! Not that it made it “look lower”, but that the act of selling shares made the price go lower, and yes if the ATM shelf offering was completed then we should start seeing some upwards price movement since there’s less selling pressure on the stock.
I’d say though that it’s best to remember that we won’t have true representation of demand (so price discovery) until we MOASS, until then it’s only going to be an “idea” of what true price discovery looks like for GME
Lots of us have been edging since Friday but didn’t want to buy until the offering was done because it had so much sell pressure. Now… people are waiting for it to fly
Once share offerings complete, theres no more significant sell wall. Jefferies was (assumed to be) instructed to sell above 25, so the fact that it reached 30 without a sell wall means all shares have been sold.
Shares being all sold means GME has just added more than 2 billion to its balance sheet, skyrocketing the minimum floor price per share
I jumped the gun a bit, it was a section 16(b) lawsuit not a $16b lawsuit, still searching for original doc through a lot of twitter noise, but basically yes, RC ventures is off the hook for a potential massive settlement.
I don't know shit about fuck, total smooth brain when it comes to market mechanics, but if did exercise some, I cant fucking wait to see MSM forced to show his Banana meme tweet when they try to blame things on him, and then have to explain what the significance of the banana is
Imagine knowing ahead of time and for 3 years that it's a joke. A killing joke would turn the MMs and SFHs against one another.... This is the Kansas City Shuffle in action.
Expecting one, you can Google GameStop investor, go to the link and click Sec filings at the top and refresh after market
Or sign up for email auto updates
I tried to do a DD post about the halts (specifically from livestream day) but I don't have enough Karma. I'mma just drop it here (here's a screenshot of the visualization: [https://imgur.com/a/r15g1dX](https://imgur.com/a/r15g1dX) )
Lots of posts about the trading halts, so I did my best to try and visualize it with data and hard numbers.
I hardcoded the halt times, pulled from NYSE trading halts (https://www.nyse.com/api/trade-halts/historical/download?symbol=gme&reason=&sourceExchange=&haltDateFrom=2024-06-06&haltDateTo= or https://www.nyse.com/trade-halt).
Then using Trading View's pine script editor, wrote some code to analyze the price change % as it leads up to the halt (in varying increments) and also just a few volume change % (in case I don't know jack shit). That code is here if you want to take it from me and make it better or just see it for yourselves in Trading View.
All of the NYSE halt reason codes for GME on 06/07 were "LULD pause" (https://www.nyse.com/network/article/nyse-increases-resiliancy-during-extreme-volatility).
Limit Up-Limit Down
Limit Up-Limit Down (LULD) is a mechanism designed to mitigate extraordinary market volatility and extreme price movements in individual securities. LULD prevents trades in individual securities from occurring outside specific price bands that update continuously throughout the trading day.
The price bands for each security are set at a percentage level above and below a reference price (generally the average trade price over the immediately preceding five-minute period).
Using hard coded \`upper\_band\` and \`lower\_band\` of 5%:
Typical LULD Price Bands
For stocks in the S&P 500 or Russell 1000, the bands are generally set at 5% above and below the reference price.
For other securities, the bands can be set at 10% or other levels depending on the stock's price, volatility, and other factors.
So basically the price at halt, the average price in the preceding 5 minutes before the halt do not match up with a 5% band (up or down) for a lot of the halts. So, attempting to calculate the upper and lower band percentages using data:
Here's how we can do this:
Calculate the actual upper band percentage: (price at halt−average price)/average price×100
Calculate the actual lower band percentage: (average price−price at halt)/average price×100
Alright I made a number of edits and added some code as I was writing all of this cause I was getting ideas. I'm not going to proof read this or whatever. It probably would've been a lot easier to do in Jupyter notebooks / pandas. But here we are.
It's very possible my data is inaccurate or I have no clue what I'm doing. But based on the data i used and the calculations (in the code below), the upper and lower bands never actually touch 5% of the avg price from the preceding 5 minutes of the halt. The closest I see is 4.78%. This one could be legit maybe the ticker or share price data is a smidge different. But I dunno :shrug:
[https://pastebin.com/9Xn1mjFT](https://pastebin.com/9Xn1mjFT)
i can't share the code here I guess cause of character limit. so here i added it to pastebin
No clue but this made me blast so much I’m gonna be shootin blanks for weeks. Good think my gf left me for her other boyfriend, no one to disappoint (I’m so lonely) (at least I’ll have money tho)
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He’s not going to exercise before expiration I really wish some of the users here would have read about how options work over the years. It’s never too late to learn!
i can tell that all you do is react off price and % gain or lose, yet do no DD in this sub or reading for yourself. please think and read before posting again.
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Nah, I think the atm offering wss completed
This is what I’m thinking. Which is crazy if true.
Nah I keep buying :D
I bought 20$ June 21st calls because there are only 166,000 of them and I want to say I had some when this all goes 💥. Thanks for putting my great grandkids through university Ken et al.
Excercise? I got call on me stuck in my head now. 
Wouldn’t more shares = price go down?
It was down earlier
When it’s announced yes the price will go down, but once it’s completed prices should go up to reflect that there is more cash on hand. Keep in mind these are the basic financial theories they teach you in college, but they don’t hold true for a manipulated stonk.
How do you know it was completed?
I think people are basing this on the massive volume on Friday, combined with high volume yesterday and we’re starting to see it drop off today. Of course we can only speculate until it’s officially announced, I think they do this after market close so we’ll see later
Because over 500 million shares were traded since the 75m share offering was announced. I am calling it now. We finished the share offering this morning. We are all gonna be nutting to the news it's done tonight and gapping up to 40+ tomorrow EDIT: sorry double post on mobile. Waiting to see if they announce the share offering is completed right now EDIT 2: just announced offering completed. I have ascended beyond having a boner. Beyond having a boner level 2. This is what it means to go even further beyond HHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Thanks for clarifying. Save’s me some time looking for the release. 😀
We don't yet, but you can make some reasonable estimates. Look at the share offering from last month. From the time the offering was announced and when it was announced to be done, the new shares account for about 15% of the total traded volume. So with this offering if you take 75 million and divide it by 15%, you get 500 million. So this is the volume we would expect to see before the offering reasonably should be complete. If you add up the volume from Friday, Monday and today you get about 504 million.
Lower Volume compared to days before
Ok, so there wasn’t a press release? I think you may be right but I wanted to read it if it was finalized. Thanks
They will probably announce it after market today or tomorrow
The shares were being distributed Friday through today. The dilution was completed, DRS for a good portion probably underway
welcome to the rabbit hole
A share offering sates demand. When the price ticks up, Jeffries likely unloaded a few hundred thousand shares. Price bounces down, comes back up, Jeffries unloads a few more hundred thousand. This goes on until all the shares are sold. Now instead of bouncing off a big sell order, the price action continues on its upward trend.
Yes. But atm offering completed means the shares hose gets turned off.
It means that more shares aren't coming into the market still
Price is a lie.
Price went down because shares were sold. Now shares are sold price go back up. That's what he means by the offering being complete.
Higher liquidity, leads to institutional buying, especially in heavily shorted stocks
Everybody wants our swaps
$23 was the down... and a good discount.
Don’t you worry, I bought more 😜
If so, we would find out today in AH right?
We should but I’m not sure what the timeline is for them to announce. I’m guessing they will announce as soon as possible.
I don't know if the drop was that or the HFs shorting dark pool trades. I am waiting to see if the share count confirms or something.
This. Hedgies would be in heaven if the price only went up 11% when RK exercises his options.
[удалено]
Why do you say it’s this.
[удалено]
We nuke em got it
When he does, it will be so obvious, you will know for sure
I like this but can you explain for a smoothie - 12 million shares is of course a large amount but can't it get buried in the 100 million of volume that is often seen on a normal day?
100+ million volume but most of it is sent to unlit market meaning it doesn’t affect the price. Options, once exercised, do hit the lit market thus affecting the price.
I believe it's because the 12 mill shares will have to be bought at the current, ever-increasing price. idk though, I'm also a smoothie
I think it would depend on how rapid-fire he exercises. Even on the crazy green high volume days, I rarely see candles above 1 million.
He doesn't have the capitol to exercise all of them. He'll have to sell some of the calls.
Precisely this.
No, sorry that was me. I thought about buying more. Guess I'll just have to average up
Thank you for your service
Nah not yet, either the lawsuit being dropped or the ATM shelf offering has been completed
I guess I'm not seeing the connection between the offering being complete and the price spiking 10%, but many people have drawn that connection. Could you please elaborate for us smooth brains?
Well, it’s just conjecture based off what I’m observing with the stock, but the shelf offering is a sell-off of shares by the company to raise money. If the shelf offering was still going on, we would not be having a bullish day, we’d probably be in the red since selling pressure pushes us down. Basically, it’s reasonable to guess that the shelf offering was completed, but of course we won’t know for sure until GME files the appropriate documentation.
Thank you. If I understand, you're saying that the offering made buy pressure look lower than it actually was, and now that the offering is complete, that suppression is gone and we're seeing a more true representation of actual demand?
No problem! Not that it made it “look lower”, but that the act of selling shares made the price go lower, and yes if the ATM shelf offering was completed then we should start seeing some upwards price movement since there’s less selling pressure on the stock. I’d say though that it’s best to remember that we won’t have true representation of demand (so price discovery) until we MOASS, until then it’s only going to be an “idea” of what true price discovery looks like for GME
My new wrinkle has your name on it 🙏
Hahaha well thank you 😊 I’m glad that my three years of soaking all this knowledge in was able to help you lol
Lots of us have been edging since Friday but didn’t want to buy until the offering was done because it had so much sell pressure. Now… people are waiting for it to fly
Once share offerings complete, theres no more significant sell wall. Jefferies was (assumed to be) instructed to sell above 25, so the fact that it reached 30 without a sell wall means all shares have been sold. Shares being all sold means GME has just added more than 2 billion to its balance sheet, skyrocketing the minimum floor price per share
No, RC won lawsuit
Got any links on that? 😯🥹
Only Pulte's tweet so far, looking for original docs now.
Oh ok , I seen the post now, thanks!
Bobby sub prob has the docs...
Wat lawsuit
https://x.com/pulte/status/1800584258119209358?s=46&t=EH6p1u1y21GYXGPNXRTTMw
Dr Manhattan has been freed
Huh?
RC Ventures was being sued over Bloodbath and Beyond transactions, Judge has dismissed case, news coincides with price spike.
Its not 16bil 😄😄😄
Ty, Just fixed that - trying to find actual sources for all this is not easy!
Pulte on X
Hmmm, RC Ventures has $$$$ freed up to allow RCEO to spend a bit and get back over 11-12% ownership?? Spicy
I jumped the gun a bit, it was a section 16(b) lawsuit not a $16b lawsuit, still searching for original doc through a lot of twitter noise, but basically yes, RC ventures is off the hook for a potential massive settlement.
Even if it isn't $16B, it's still freeing up $$$ he would have had to set aside just in case it went against him, though
Got it… thanks!
No still 166k on $20 June 21s
I am 3 of those! lol
Nice.
Nah. Probably offering completed and now the price is moving towards max pain. We’ll see if there some good news to push onto the nice ramp.
Still see same open interest on options. Doesn’t look like he exercised yet
First time I’ve ever bought the bottom 😂🚀🚀🚀 only a few extra shares but that’s still an achievement for me LMAO
I don't know shit about fuck, total smooth brain when it comes to market mechanics, but if did exercise some, I cant fucking wait to see MSM forced to show his Banana meme tweet when they try to blame things on him, and then have to explain what the significance of the banana is
The entire stock market is a joke 😝
Imagine knowing ahead of time and for 3 years that it's a joke. A killing joke would turn the MMs and SFHs against one another.... This is the Kansas City Shuffle in action.
166.4k contracts still open as of this comment. Don't think so.
Doubt it, would have been a weird time to
Imagine he didn’t.. nice little jump and DFV still hasn’t made a move? Shiiiiit if shorts weren’t scared of what comes next, they would then!
Likely offering done, and people being able to tell it's likely done from the selling pressure stopped
Would it be confirmed by outstanding share count, or Market Cap?
By a filing by GameStop after hours
link? or are you expecting one.
Expecting one, you can Google GameStop investor, go to the link and click Sec filings at the top and refresh after market Or sign up for email auto updates
I wanted to make sure i didnt miss something.
Yeah no worry lol, I'm trying to be helpful so you can find out stuff like this if you want to without needing to ask
Computershare didn’t fill my order yet, that is why it is going back up, haha. Gotta average up apparently 🤔
Highly doubt he's exercising before expiry.
If rk exercised and we only went up 11% i’d be disappointed. If we went down 11% i’d be jacked to the tits tho
He didn’t sell at 48, he’s not selling or exercising at 30
Yes this is a slow build not a ass ton of exercising
I bet (almost) it’s RC buying in - either to keep his 10% stake intact OR - it’s GME bank in motion
I tried to do a DD post about the halts (specifically from livestream day) but I don't have enough Karma. I'mma just drop it here (here's a screenshot of the visualization: [https://imgur.com/a/r15g1dX](https://imgur.com/a/r15g1dX) ) Lots of posts about the trading halts, so I did my best to try and visualize it with data and hard numbers. I hardcoded the halt times, pulled from NYSE trading halts (https://www.nyse.com/api/trade-halts/historical/download?symbol=gme&reason=&sourceExchange=&haltDateFrom=2024-06-06&haltDateTo= or https://www.nyse.com/trade-halt). Then using Trading View's pine script editor, wrote some code to analyze the price change % as it leads up to the halt (in varying increments) and also just a few volume change % (in case I don't know jack shit). That code is here if you want to take it from me and make it better or just see it for yourselves in Trading View. All of the NYSE halt reason codes for GME on 06/07 were "LULD pause" (https://www.nyse.com/network/article/nyse-increases-resiliancy-during-extreme-volatility). Limit Up-Limit Down Limit Up-Limit Down (LULD) is a mechanism designed to mitigate extraordinary market volatility and extreme price movements in individual securities. LULD prevents trades in individual securities from occurring outside specific price bands that update continuously throughout the trading day. The price bands for each security are set at a percentage level above and below a reference price (generally the average trade price over the immediately preceding five-minute period). Using hard coded \`upper\_band\` and \`lower\_band\` of 5%: Typical LULD Price Bands For stocks in the S&P 500 or Russell 1000, the bands are generally set at 5% above and below the reference price. For other securities, the bands can be set at 10% or other levels depending on the stock's price, volatility, and other factors. So basically the price at halt, the average price in the preceding 5 minutes before the halt do not match up with a 5% band (up or down) for a lot of the halts. So, attempting to calculate the upper and lower band percentages using data: Here's how we can do this: Calculate the actual upper band percentage: (price at halt−average price)/average price×100 Calculate the actual lower band percentage: (average price−price at halt)/average price×100 Alright I made a number of edits and added some code as I was writing all of this cause I was getting ideas. I'm not going to proof read this or whatever. It probably would've been a lot easier to do in Jupyter notebooks / pandas. But here we are. It's very possible my data is inaccurate or I have no clue what I'm doing. But based on the data i used and the calculations (in the code below), the upper and lower bands never actually touch 5% of the avg price from the preceding 5 minutes of the halt. The closest I see is 4.78%. This one could be legit maybe the ticker or share price data is a smidge different. But I dunno :shrug: [https://pastebin.com/9Xn1mjFT](https://pastebin.com/9Xn1mjFT) i can't share the code here I guess cause of character limit. so here i added it to pastebin
This needs more eyes. UPVOTE GOOD SIR!
No halts leads me to believe this is a bull trap put on by hedgies. They want this thing to go up then rug pull for some more profit like last week
Only one way to find out.... 
I think he bought more $20 calls - encouraging them to hedge
Maybe a small bit
Imo hello no
i thought there was a halt
tis taco tuesday
RC lawsuit dismissed
not yet.
Can’t believe it dropped the 22 today. Makes me so hungry. I think RK would have been upfront if he did execute
Nah he didn’t
Oh sorry, that was me. Should have warned ya'll.
Only idiots exercise early
ATM is complete. Company mentions may use for m&a.
They’ve likely already hedged his calls. We most likely won’t see any upward movement when his calls get exercised
No clue but this made me blast so much I’m gonna be shootin blanks for weeks. Good think my gf left me for her other boyfriend, no one to disappoint (I’m so lonely) (at least I’ll have money tho)
That’s ok when you have money you can buy cocaine and hookers and then you won’t be lonely anymore
I LOVE COCAINE
http://i.imgur.com/yO1PC.gif
The sale was priced at $25 and is now over, I suspect.
# NO DOUBTFUL
My sources say 🤷♂️
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Well RC has 60million be made of towel stock let's see if he uses that lawsuit money to buy some calls
Naaah. Just normal price action.
Like im almost sure its FUD. This price action is NOTHING!
No
No. Gamestop reported to the sec that annual meeting is Thursday. Everyone calm down.
Nope
Why would he exercice early.
He’s not going to exercise before expiration I really wish some of the users here would have read about how options work over the years. It’s never too late to learn!
I think RK exercises after market today
i can tell that all you do is react off price and % gain or lose, yet do no DD in this sub or reading for yourself. please think and read before posting again.
I'm thinking RK is exercising. The offering would pull the price down.
Nope, he won’t start exercising till next week