Grand Master Jedi
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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.
Thumbs up!
OV Loop can be used as POS system? Yes, I get it as restaurants are so integrated that changing to a new system can seriously jack things up.
What restaurant is interested in using this new POS system? Is it a chain or family restaurant? You can use OV Loop as a POS system? It sounds interesting for both the merchant and the customer. I know many restauranteurs who tell me Toast is a good system but there merchant fee is 4% — its too high and have passed on it because of it. If a restaurant doesn’t need to use the system as a POS then how else could it benefit from it?
Also, hearing Japan and real time payments screams XRP.
If XRP gets implemented into merchant use then this is good news.
Fill us in when you get some free time….
Lets go!
Ripple apes….hehehe!
Thank you for your sentiment—I appreciate that. I’ve slowed down a lot on sharing but pop up every once in a while.
I’ve become frustrated like many other XRP holders but Im still holding. If it wasn’t for the suit we would’ve been in the multi dollars a long time ago. At the time XRP flipped ETH twice but once the suit was filed the MOMO was destroyed. Funny how ETH blew up after the Hinman speech—its corruption at its finest.
Ripple is a threat as their under every rock you turn over and them coming under assault by the SEC is no accident and everyone knows it. I don’t see this going to trial and believe they’ll settle. Im eager to read Ripples response in the next few weeks.
A possible scenario here is the SEC getting their hands on some of the escrow. Gensler revealed in one of his MIT classes how the game really works.
The SEC ain’t walking away empty handed but Im not seeing the judge approving such a hefty fine as the suit was filed for $1.3B and now SEC wants 700k more?
I believe they’re going to come to a settlement as I can’t imagine the SEC wanting this to go to trial because it would bring Hinman, Clayton and everything else back into the limelight. The SEC is insane if they want to take this to trial as it will expose their corruption even more.
If Im right and settlement goes down all bets are off. XRP’s regulatory clarity will be set in stone—its going to be goodnight Irene. Ripples response in next few weeks will be very telling about which way this goes.
The exodus that’s happening from $XRP is occurring at a critical juncture. People who are selling are getting caught up in the narrative and faces are going to melt ESPECIALLY for those who joined the exodus.
Ripple selling $XRP has never been a secret as every crypto does it just like how every public company does it. They’re allowed to sell 1% every quarter according to the average daily volume (ADTV). This isn’t a new practice—hating on Ripple for selling XRP is like hating on the Ethereum Foundation for selling ETH to build out their ecosystem and double their run way.
Don’t get caught up in the narrative as Ripple didn’t come this far just to be stopped by a hefty fine. This is almost over. HODL.
Hey! Whats up amigo….good to hear from you.
The real facists are the globalists—wake up already and stop watching MSM.
The end is near as the SEC requests Judge Analisa Torres to approve final judgment against Ripple in XRP lawsuit. It ain’t gonna be no $2B: https://coingape.com/sec-ask-judge-torres-for-final-judgment-in-ripple-xrp-lawsuit/