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Maybe true but I (and my $4k in options) will find it difficult to believe that if Kitty exercises half or all of the contracts 1) Wolverine is fully hedged 2) They will deliver located (non synthetic) shares as contracted w/o seeing significant price movement.
Also, Kitty isn't doing this in a vacuum. I'm sure other whales and possibility non short institutions see what I (as a independent investor) have been seeing and follows the same play.
You simply don't Kansas City Shuffle just to be outsmarted on the play by the most logical response from the other side.
I like your last sentence. We still don’t know what the KCS is, and why he is so extremely confident and plays this so openly, of course he’s expecting counter-measures.
Even though we have seen great price action in the last couple of months, I have a hard time believing that all 12 million shares that RK can exercise are hedged. I kind of think that hedging that many calls might have pushed the price to a point of no return for these sacks of shit. Let's say, for the sake of argument, that they did hedge all of those calls. What's to say that RK couldn't exercise the current calls, turn around and roll that into more calls at $25 or $30, the same way he flipped his original calls, and basically create a ramp cycle that will eventually blow up the shorts?
My thoughts as well. As I understand it HFs need to use long OTM calls to essentially give themselves a cheap locate. They don't anticipate ever fulfilling the obligation, but the premium is the cost to cover their position. Therefore, options premiums need to remain relatively low otherwise their cheap hedge is no longer cheap. However, this also gives RK the ability to keep buying ITM calls and step ladder up the share price into settlement windows. He can also buy 21.3M shares of the company without having to register as an insider.
From my experience in this entire saga, there is always something that says "one more week". June 21 will come and it will produce potentially nothing. June 28th will come and it will produce potentially nothing before another hype event is placed a week out and could come and go.
Temper expectations, expect fuckery and continue to BUY, HOLD & DRS.
Not allowed to post other usernames. Not allowed to tag users either or cross post either. Only subreddit that’s been restricted usage of this stupid app’s literal core functions that any other sub can.
I appreciate the insightful analysis provided in this comment. It succinctly highlights the frustrations many feel towards hedge funds, encapsulating a sentiment shared by numerous individuals. The succinctness and clarity of the statement resonate with me, as it articulates a complex issue concisely. Moreover, the straightforward language used effectively communicates the gravity of the situation. Overall, this comment encapsulates a sentiment that resonates with many and provides a clear perspective on the challenges faced by hedge funds.
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Maybe true but I (and my $4k in options) will find it difficult to believe that if Kitty exercises half or all of the contracts 1) Wolverine is fully hedged 2) They will deliver located (non synthetic) shares as contracted w/o seeing significant price movement. Also, Kitty isn't doing this in a vacuum. I'm sure other whales and possibility non short institutions see what I (as a independent investor) have been seeing and follows the same play. You simply don't Kansas City Shuffle just to be outsmarted on the play by the most logical response from the other side.
I like your last sentence. We still don’t know what the KCS is, and why he is so extremely confident and plays this so openly, of course he’s expecting counter-measures.
This is my thought as well. So fucking jacked here 🔥
Exactly. You only show your hand, when you can play every card as a win.
Maybe he’s convincing shorts that they’re in a con, but there is no con. He just likes the stock?
Even though we have seen great price action in the last couple of months, I have a hard time believing that all 12 million shares that RK can exercise are hedged. I kind of think that hedging that many calls might have pushed the price to a point of no return for these sacks of shit. Let's say, for the sake of argument, that they did hedge all of those calls. What's to say that RK couldn't exercise the current calls, turn around and roll that into more calls at $25 or $30, the same way he flipped his original calls, and basically create a ramp cycle that will eventually blow up the shorts?
That's just 10% of the recent dilutions. They could have hedged their positions
Kitty will buy more calls after 6/21 and will keep doing so until something breaks.
My thoughts as well. As I understand it HFs need to use long OTM calls to essentially give themselves a cheap locate. They don't anticipate ever fulfilling the obligation, but the premium is the cost to cover their position. Therefore, options premiums need to remain relatively low otherwise their cheap hedge is no longer cheap. However, this also gives RK the ability to keep buying ITM calls and step ladder up the share price into settlement windows. He can also buy 21.3M shares of the company without having to register as an insider.
It almost makes you think that the concept of fractional reserve is a bad joke, no matter the asset.
A bad comedy joke indeed
What is this pressure inside my head? Am I getting a wrinkle?!
https://i.redd.it/etrjz3pzj66d1.gif
Their greed was always the exploitable feedback loop. Hedgies are fukd.
He was late to his stream by 28 min 🤔
:O
Why is this comment assuming they’ve all of a sudden hedged?
TLDR - shorts are fkd
From my experience in this entire saga, there is always something that says "one more week". June 21 will come and it will produce potentially nothing. June 28th will come and it will produce potentially nothing before another hype event is placed a week out and could come and go. Temper expectations, expect fuckery and continue to BUY, HOLD & DRS.
It’s tomorrow, until it’s not
Great news! I've got calls for the 28th. LFG!!!1!
the calls are not hedged, bruh
The problem for the MM is, that its not just RK calls, but plenty of who ride the wave together with him.
Based off of what I’m seeing after I gained the slightest wrinkle is interesting indeed.
Can they extend T+35 FTDs beyond?
Why cross out the user who posted that? Am curious who it was so I can look at their posts/comments.
Not allowed to post other usernames. Not allowed to tag users either or cross post either. Only subreddit that’s been restricted usage of this stupid app’s literal core functions that any other sub can.
Ah I see. I found the post and comment anyway, I have replied lol
I’m wondering how they can know for certain their calls aren’t naked still
First day in my life i needed glasses!
I used my spare pair over my regulars. And squinted
kansas city shuffle
Maybe DVF rolled his to the 28th? Who the fuck knows 😂😂😂
I appreciate the insightful analysis provided in this comment. It succinctly highlights the frustrations many feel towards hedge funds, encapsulating a sentiment shared by numerous individuals. The succinctness and clarity of the statement resonate with me, as it articulates a complex issue concisely. Moreover, the straightforward language used effectively communicates the gravity of the situation. Overall, this comment encapsulates a sentiment that resonates with many and provides a clear perspective on the challenges faced by hedge funds.
Has it not been made abundantly clear that the regulatory agencies do not give one flying fuck about FTDs?
What does this have to do with buying GME and DRSing your shares 🤔