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Re: DR_rugby post# 22880

Thursday, 06/13/2024 2:59:21 AM

Thursday, June 13, 2024 2:59:21 AM

Post# of 26931
I bet Kitty sold 90,000 calls today against the GME shares he is holding at the $20 strike price for june 21 at around $8 per call giving him an immediate $72 million. If these calls get exorcised and the shares are taken away he will get another $20 × 9 million = $180 million. So if GME stays above $20 on june 21 he walks away with $250 millions and he looses 9 Million GME shares. If GME closes under $20 on June 21 he keeps all 9 million GME shares and he gets to keep the $72 million from the calls he sold today.
This says nothing about GME going to the moon on a short squeeze and all you suckers holding your small GME positions will loose money if you got in above $20.

As you can see big money makes money when nothing happens. The big MMs will never allow GME to do a short squeeze. They will break the law to stop you from making life CHANGING money.
All this DD is based on my experience with another meme stock. This market is rigged against you to loose what you have invested in GME.

This is just my guesstimate on what these MFers are doing to the small retailers looking to make a few dollars.

IMHO.
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