GME Shenanigans Massive June call position

[Maverick2608]

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

 

[newwurldmn]

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

no.

its not illegal to disclose your stake.

 

[jys78]

I am half-expecting GME to do a secondary this very morning while the stock is up LOL

They definitely should.

 

[MoreLeverage]

If you take a huge stake in a company in the millions, you have to declare it and fill out a form with the Securities and Exchange Commission

Even counting his call options, his position is less than 5% of the shares of GameStop. No disclosure is required.

 

[Maverick2608]

How did he manage to grow his account to USD 180 million plus?

Maybe he bought calls before posting all the videos, then unloaded the calls, stopped posting videos, build his stock position at a much lower price, bought his current call position and then disclosed the position.

 

[Pekelo]

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

Yes. I bet he will get sued in less than 6 months. His previous post could have been a test and then he realized he STILL has the power of moving the stock. He loads up, posts about it, the stock is up 23 to 39 right now premarket.

Lawsuit incoming...

Reddit discussion:

https://www.reddit.com/r/path%3D%252Fr%252Foptions%252Fcomments%252F1d6ry4l%252F

 

[poopy]

How did he manage to grow his account to USD 180 million plus?

Maybe he bought calls before posting all the videos, then unloaded the calls, stopped posting videos, build his stock position at a much lower price, bought his current call position and then disclosed the position.

Stop guessing and look at daily changes in the OI of the June 20s. But, no. Clearly he's been staked.

 

[TrailerParkTed]

That was fun!

 

[zdreg]

It would make more sense for him to buy a smaller position and call options in a much smaller market cap stock that he had spend months researching maybe based on ideas presented to him and then disclose it and cash in.

Now he run the risk that GME will crash maybe due to the announcement of a secondary and have his name, credibility and future impact destroyed.

'Never underestimate the power of stupid people in large groups."

 

[maxinger]

RoaringKitty is probably the only person in this world with Midas Touch.


Anyway, congrats to RoaringKitty for your extraordinary skills/wisdom/or whatever.
At this rate,
You will be the world's richest man very soon.

Your name will be in the history book, now and forever, till the end of time.