GME Shenanigans Massive June call position

WTF? That was some weird effing livestream that even Cheech and Chong would have been proud of. But seriously why the f@ck is he using Yahoo charts?? I couldn't get that out of my head while watching the entire stream.

 

So who are we trading against?

The whole meme stock movement is about how price is manipulated and the whole David versus Goliath story line, but are funds so myopic that they keep shorting into a stock that pummeled them 3 years ago apparently due to a short squeeze that was only possible because of the massive shorting? It's kind of like punching yourself in the face...twice. What's with the obsession with gamestop? It can only be the volatility that they must be selling premium against...and then trying to pin price.

How much did short sellers lose on GameStop?

The meme stock rally triggered by the return of “Roaring Kitty” to social media has cost GameStop stock short-sellers more than $2 billion in just two days, according to data firm.

https://qz.com/gamestop-short-sellers-have-lost-more-than-2-billion-i-1851476435#:~:text=The meme stock rally triggered,to data firm S3 Partners.

 

It looks the the 10,000 Jun14 40 strike call options have been closed.



At least I can't find them. At the time of purchase the position was worth $6,730,000...currently worth $1,640,000. I'm thinking this was a hedge for some massive shorts?

 

Look at the day chart.
The chances of GME going up significantly over the next few days are quite slim.

Roaring kitty has to influence the public to move GME massively.

 

I told you guys we were in a triangle.

 

https://www.cnbc.com/2024/06/12/roa...choices-to-make-on-his-gamestop-options-.html

it will crash.

"If Gill holds the calls to expiration date with the stock falling below $20, this position would expire worthless. It cost him more than $60 million to acquire the position.:

 

It looks like Roaring Kitty may have closed out most of his June 21 Calls. Over 90,000 contracts traded, most of them late in the day. For his sake, hopefully he closed them and did not roll them.

 

who is in pain? his followers are monstly long calls too, i hope @wxytrader is ok.

 

Does O.I. adjust in real time because OI is still 166,000.

 

So there was 93k volume today for the 20 strike Kitty calls but OI (166k) barely changed?
Options guys explain this plz...