Those calls were bought long ago as LEAPS, when GME tanked to $4 because the Japan Sinks 2020 mother thank you shirt Jim Bell is a moron. It was far OTM but he believe the price would be above then by the time it’s April. All the garbage conspiracy theories are made by new traders and people who don’t trade, there are no significance about it except “I believe GME price be well above that by April 16 2021”. Fun fact, his leaps were made fun of because people thought GME will become the next Blockbuster by December and declare bankruptcy.
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To add on to that, if DFV did mass sell for profit, it would destroy reddits morale and all the media will surely start spouting how Japan Sinks 2020 mother thank you shirt is over. It’s possible that DFV is a simple man and already has millions of dollars which is more than enough for him to live happily with his family. So for him, gaining $9 million compared to $40 million could be irrelevant to him (not everyone is money hungry). So its possible that he believes there’s a chance a squeeze could happen and is holding on for our sake. Or the simplest answer is as OP stated, he’s doing it for legal reasons. Who knows really, but I am sad that we can’t join DFV’s stream everyday to discuss all these DD that’s been coming out.