GME Shenanigans Massive June call position

RoaringKitty/Deepfuckingvalue posted to Reddit last night that he is holding close to a $200 million position in GME including 120,000 June 20 calls.

Stock up huge in pre market.

Trying to think how this option position will play out. With my broker, I need 100% of capital for GME stock. They look to zero for risk purposes. If that's the case with his, no matter how high the stock rises, he will need to sell these calls before expiration unless he had a substantial amount of additional money to exercise them.

Any thoughts here?

DeepFuckingValue (u/DeepFuckingValue) - Reddit

 

I am half-expecting GME to do a secondary this very morning while the stock is up LOL

 

He posted his positions earlier on social media.
Those numbers are not verified.

Let's say over the next few hours/days, he closes his position and earns millions and millions of dollars.

Then Roaringkitty can laugh all the way to the bank.
And he might laugh at those market manipulators in the jail.

So is that legal considering the fact that he (and his related media) has a 'great' reputation and millions of followers?




Market manipulation is illegal.
Market manipulators work in secret.
They have to work hard/smart.
They form a gang and they have multiple accounts.
Together they push and push and push the market up.
They attract public attraction by making sure the stock has a significant volume increase.
When Tom Dick and Harry jump in to buy,
the manipulators get out of the market.

Then they laugh all the way to the bank.
Or they cry all the way to the jail.
_____________

 

A certainty by tomorrow’s close.

 

Etrade (his broker) is requiring 100percent for stock.

how did he make 200mm when he was worth 50mm when the stock was at 600?

 

A collaboration with Jake Freeman and friends is my theory.

 

Staked by Cohen?

 

It would make more sense for him to buy a smaller position and call options in a much smaller market cap stock that he had spend months researching maybe based on ideas presented to him and then disclose it and cash in.

Now he run the risk that GME will crash maybe due to the announcement of a secondary and have his name, credibility and future impact destroyed.

 

If you take a huge stake in a company in the millions, you have to declare it and fill out a form with the Securities and Exchange Commission. Also, if you act on information, that can affect the share price of a company ahead of time without disclosing it, they can charge you with insider trading. Martha Steward was charged with insider trading and was locked up in jail.

 

He supposedly has done his homework and GME is that stock for him.