So the squeeze could be triggered by lots of things at this point – a hedgefund short on God is great beer is good and people are crazy shirt running out of money to fight their losing war, the SEC stepping in to address absurd level of FTDs or change the rules on short interest reporting or even bringing up charges on one of these bad market participants like Citadel (not holding my breath for them though), the DTCC / NSCC stepping in demanding SLD’s to hedge these risky plays (this seems likely), or even just news coming out that gets retail to fomo and pile back in – the gamma squeeze is the only sure fire way to make this go interstellar and it requires no outside influences. It almost caused the whole thing to melt down already, and it very well may happen again.
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So, with all this in mind: Why the fuck is DFV still holding these options? He’s clearly got enough money from God is great beer is good and people are crazy shirt taken earlier to exercise these $12 call options as it would only cost him $600k to do so, and he shows $10m in cash right there on his yolo update spreadsheet. He likes the stock so much he just bought 50,000 more shares following the first congressional hearing (to make it the cool 100k shares he has now total) – where it seems extremely unlikely he would just take profits from these calls instead of continuing to add to his position.