GME Shenanigans Massive June call position

.... And you totally are aware there are millions of foolish gullible lazy investors in this world.


And you do all these within legal boundary.

I take my hat off to you.

My high respect to you.

You are simply great.
 
L.O.P. Report would have to file at OCC. It has "an acting in concert" requirement - so OCC would have data from his brokerage firm.

What is a lopr?


Term. Description. Unequal Long and Short Positions. Members must report any account or accounts acting "In Concert" that hold over 200 contracts on either the long call/short put (bullish) or the short call/long put (bearish) side of the market.
 
FSU said:
RoaringKitty/Deepfuckingvalue posted to Reddit last night that he is holding close to a $200 million position in GME including 120,000 June 20 calls.

Stock up huge in pre market.

Trying to think how this option position will play out. With my broker, I need 100% of capital for GME stock. They look to zero for risk purposes. If that's the case with his, no matter how high the stock rises, he will need to sell these calls before expiration unless he had a substantial amount of additional money to exercise them.

Any thoughts here?

DeepFuckingValue (u/DeepFuckingValue) - Reddit
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The TA was showing $47 as the potential retracement over a week ago when I got in...just another example of the chart forecasting future news that would facilitate the expected move. :)

wxytrader said:
I closed pre-market @ 43.40...we'll see how much I left on the table as this could go to the .618 fib ($47.21) but I'm not waiting around to see. :)

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Somebody did well!

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"If he cashes out immediately today can that be a problem for him from a legal point of view?"

If LOPR isn't filed in a timely fashion - he may not be allowed to close, but I very much doubt that would be the case. Nobody is that stupid.
 
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