Erik - Outlier Trading

@Han_Akamatsu great conversation with a much better tone - got to some important details

Ryan Cohen interview on Charles Payne: Ryan Cohen went into extensively explaining of how the proposed $GME / $EBAY deal can work: GameStop has $9B cash and says it has a highly committed $20B financing letter from TD. The offer is $125/share, split 50% cash and 50% equity. His argument is that eBay shareholders get immediate liquidity while still owning a large piece of the combined company, instead of only taking stock. Cohen frames the deal as EPS-accretive, not destructive dilution. The key point is that eBay is an asset-light marketplace doing $11B in revenue but carrying over $5.6B in operating expenses, including $2.5B in sales and marketing. Cohen believes those costs can be cut aggressively, making eBay far more profitable inside a combined GameStop/eBay structure. In simple terms: 1. GameStop brings cash + financing. 2. eBay brings earnings + marketplace scale. Cohen believes that operational efficiency turns the combined company into a much higher-earning business for both shareholder bases. Both $GME and $EBAY.

a closer look at $GME, $EBAY and the recent Ryan Cohen interview. youtu.be/lQ1-aB9c7p8

@_asemic THIS i can definitely see as being a part of it

@outlieroptions 6:40 - tired of CNBC negative projections on GameStop

Not too sure why Ryan Cohen is this spicy on this appearance - genuine question $GME $EBAY youtu.be/Bmj2PaxX24E?si…

@dogeofficialceo and santa isn't real - what the fuck is going on! all dreams shattered.

BREAKING: JPMorgan stock down on the news female executives don’t use their subordinates as sex slaves 📉

@Brody_Stelmach @JosephCobraKai but his attitude what kinda contentious. he could've said - we have ideas but aren't ready to share them to preserve the deal. etc.

@Brody_Stelmach @JosephCobraKai i think the broader game is as we know Cohen is VERY calculated in his moves and what he messages. even the fact he opted to move this to public media before eBay even knew. my guess is he simply wants to keep things as vague as possible which is his normal style - OPSEC.

@Silverkosa to their point, there aren't really details - which they were trying to get. he wasn't dragged onto the call, so i imagine he wanted to be there. seems like he was generally not pleased with that part because the tone shifted later.

@outlieroptions Probably because they didn’t even read the details

@JosephCobraKai i don't buy that tbh. it's a 15minute interview, that question could've taken <180 seconds if he simply answered it. it turned into a production with how he was responding. my curiosity is why

@outlieroptions They were trying to make the focus of the conversation about the need for share offerings/dilution that will be needed to make the deal happen rather than any positive spin about the proposed acquisition.

This week's The Options Trench is about the accelerator.

this week on The Options Trench @KrisAbdelmessih and I work through option convexity and how this differs from leverage. most importantly, how the square of moves impacts your position PnL. youtu.be/cZvaEVW7Yf4

BREAKING: GameStop, $GME, is preparing to make an offer to acquire eBay, per WSJ.

@HodlMagoo dailymotion.com/video/x3bvsb6

Who did this?

@flapprdotnet dailymotion.com/video/x3bvsb6

When you see your homie walk out of his JPMorgan performance review.

@Daily_MailUS dailymotion.com/video/x3bvsb6

A JPMorgan executive allegedly used her power to sexually harass and abuse a junior male employee - drugging him, subjecting him to racial abuse and threatening his career. 🔗 trib.al/RglAnTU

@DrewVento dailymotion.com/video/x3bvsb6

BREAKING: JP Morgan received 435,122 applications in the past hour. 20X their previous single day high.

@chelsssseeeea dailymotion.com/video/x3bvsb6

Getting called to the managers office at JP Morgan