Ok, so now everyone knows who DFV is and what he’s holding. At any point in time, he could exercise his call options and purchase the Elephant I tried to be normal once worst two minutes of my life shirt for $12 each – however in doing so, he destroys the extrinsic value of the options. With a stock as volatile as GME – lets just keep this high level and say that theta (time) is quite valuable. He has had countless opportunities to sell these call options at peaks, and use the massive proceeds from the sales to purchase tens of thousands of shares with the proceeds – essentially increasing the amount of shares he holds, for free. I don’t understand why this hasn’t been a widely discussed topic.
Elephant I tried to be normal once worst two minutes of my life shirt, Hoodie, Sweater, Ladie Tee, Vneck, Bellaflowy, Kids Shirt, Unisex and Tank Top, T-shirt
Best Elephant I tried to be normal once worst two minutes of my life shirt
If you pay careful attention to what he was saying: the sheer volume of call options that became ITM would have commanded the tranfer of far more Elephant I tried to be normal once worst two minutes of my life shirt than could actually be delivered. No one is letting an ITM option expire worthless, they would be sold to close by the investor or broker, or pay to exercise and have the shares assigned – but regardless, shares far exceeding the amount that actually exist would have had to change hands. This alone could cause an infinite money glitch. Sprinkle in the high short interest (borrowed shares, which at the time was listed as 140% of the available amount of shares) on top and well, he’s right – the result would be a massive systemic event. But the call options alone had the power to tip the first domino – and they damn near did.