Grand Master Jedi
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Strong move north on the horizon as trader’s have locked in over $2M in XRP's $1.10 call option listed on Deribit, which is the highest across all available maturities. https://stocks.apple.com/A3-Y1bvKUQVGE0xh_Hj8qog
Yes, I believe by years end we are going to see it. The runway is CLEAR and if it doesn’t then Ripples business model isn’t what we think it is.
?The tsunami is coming….the runway is clear. XRP is going to blow….this year is when we see it begin.
Yes sir!
Whats up amigo. This is exactly what a close associate of mine says. He holds over 1M $XRP and has different kinds of strategies planned is swears he’ll never sell.
Agreed!
The case is over! $125 million in civil penalties and cease any further violations of securities laws, concluding the four year legal dispute with the SEC!Now we head north — lets go! #XRP
Wonderful. The market owes Ripple a big thank you….
Hey amigo! Good to hear from you. The end of the lawsuit together with the launch of $RLUSD is going to cause a strong move north. Other coins such as ETH and BNB who launched stable coins had significant increases after launch. Stable coin option will bring a whole new flux of traders who can move in and out of the network easily with a stable value against fiat. XRP will do what ETH and SOL — surely but slowly. Also, getting an index listing listed on CME is so good for the visibility of XRP.
Our day is coming…
$XRP
When the day comes and we breakout past $10 a celebration is not out of the question.
Our day is coming….hold tight boys!
This would be fire….
Thumbs up….
Sideways we go…
Float here is only 306M….interesting.
Hehehe….lets roll!
$$$$$$
The language was strong but I was referring to the superficial unison that exists between the bulls and the bears but when it comes down to it each person trades according to their own method.
Depends on your definition of rational as this is the stock market. Whats considered a bad decision by some is a high risk play to another. Its best to keep emotions out of the market and trade technically but thats not always the case as some traders like high risk.
Thanks for the feedback
I would love to see us in the $40’s when options expire….
So the screen shot of his 120k purchase may not be authentic? Is there a way to verify current outstanding options contracts?
You’re right….Im drawing the wrong conclusion. Those 120k options aren’t from just one seller
I just shared my breakdown on the board to double check if Im understanding the options correctly which I believe I am. If Im right longs are going to want to drive this up before June 21st to stick it to the hedge fund who sold the options.
I believe I have this correct as I took position here today? If anyone cares to share thoughts please do.
Kittys 120,000 options at $20 expires June 21st means he has the right to purchase 12 million shares at the $20 strike price OR he can sell his option and take the profit between what he paid and what the option price is on the day the transaction takes place.
The sellers who took the risk to sell the options at a $20 strike price HAVE to sell the buyer shares in Game Stop for the exercise price of $20.
So his 120,000 call options at a $20 strike price means he has the right to purchase a 12 million shares of GameStop at $20 a piece by a set expiration date of June 21st?
If the seller doesn't have all 12 million shares available to sell per the option contracts, the sellers will have to go and purchase them in the open market, which currently is around $27-30.
On the expiration of June 21st the buyer will pay the seller $240 million and to receive 12 million shares of Game Stop which currently valued around $360 million and the sellers will be out essentially $120 million.
in at $33.80….
Once I get a window Im jumping in
I want in….ahhhh!
trading halted?
This is intense….
Lol — I gave two thumbs up in previous post and forgot emojis don’t show up. I would’ve thought by now ihub would’ve integrated emojis by now — sheesh!
Go XRP!
👍👍
Bridged between CBDC’s? Interesting…
$XRP
Absolutely insane…
Ripple vs SEC Lawsuit: Tensions Rise as Ripple Prepares Response to $2 Billion Penalty — SEC to submit sealed reply brief on May 6 and parties can file motions until May 20. https://t.co/hQyJRJQHFa
;)…..
Thats an important step because of the saving’s aspect so he should know or at least know the person who does.
Thanks amigo— been here for 7 years though but good to see others getting excited.
I find this interesting in customers having individual wallets that can be used with company POS systems like restaurants.