POHORONIL
@pohoronil
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Roaring Kitty sold options for 12M Gamestop shares, poured profits into 4M additional Gamestop shares
At the close of the evening session, the famous trader made a final breakthrough, which debunked his plan:
Before that, he had 5M shares, $30M cash and 12M shares in a call option on June 21 with a strike of $20.
The whole theory was based on the fact that a trader could submit call options for 12M shares for repayment and market makers would be obliged to buy these shares on the open market, which would cause a short-squeeze like in 2021.
However, Roaring Kitty did everything in a simple way - sold call options, the income from the sale and spent 25M of the 30M cash cushion to increase the usual promotional position.
Yes, he now has 9M shares of GME, while he no longer has any secret weapon against the shortists. 0 reply
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