GME Shenanigans Massive June call position
- Thread starter FSU
- Start date
Says the guy who didn't make 16k last week.
and your goal is to break even this week, a piker
So he lost money on his calls? If that's true then that's some major slippage!
The Globe and mail
On Tuesday, the options contracts briefly changed hands at an average price of US$5.50 a contract, putting the value of Mr. Gill’s position at about US$66-million, down about US$2-million from their purchase price, according to Trade Alert data. With the shares last at US$24.60, the contracts were trading at US$6.65.
The avg contract price during his stream was $5.68. Order flow shows him starting to sell at around $9.45 down to $6.50.
The Globe and mail
On Tuesday, the options contracts briefly changed hands at an average price of US$5.50 a contract, putting the value of Mr. Gill’s position at about US$66-million, down about US$2-million from their purchase price, according to Trade Alert data. With the shares last at US$24.60, the contracts were trading at US$6.65.
The avg contract price during his stream was $5.68. Order flow shows him starting to sell at around $9.45 down to $6.50.
So he's still holding 40k contracts? They were trading at $28 leading up to the earnings...
https://www.investors.com/news/gamestop-stock-q1-earnings/
"GameStop stock plummeted Friday after the video game retailer unexpectedly moved up its Q1 report and announced a new major share offering. The early move erased GME stock's gains from Thursday's rally following the releases."
Man what a rug pull!
doesn’t matter how many he still holds, if the rest is underwater, he is not even break even.
yeah but the current bid for the Jun21 20 strike is 8.65, so he isn't underwater. He bought @ $5.68
What are the chances the people who paid over $5 for the June Monthly $120-$125 calls are made whole?