nothing prevents him from writing calls against his $3mill in shares and if I'm not wrong he can write calls against the warrants too.
He's done this in the past with PIR, USG, IR, etc. Buys a boatload. Announced it and gets a 5-15% boost in the stock price for a short time when he starts writing calls against the position.
Edit lines using snap to candle trying to dial it in d/w/m snapshots If given the chance I'd like to buy Dec maybe Jan calls for GE @17.20+/- next week. I'll look at the strikes sometime this weekend Providing the fill takes place and the plan goes well... I'll dump the chunk @resistance and hold 1 for the go ahead to 25+/- and then dump the remainder. Snapshot of GE daily 1987 high
Snapshot of GE daily 1994-95 snap to candle on July 95
Snapshot of GE monthly 1996-97green is snap to candle November
Snapshot of GE 1996-97 same as above but as a weekly view
Snapshot of GE daily 1996-97 same as abovefound what appears to be a breakaway gap
Current Daily finished productusing snap to candle