Last few weeks it was the covered calls, now it's the cash secured puts. 🤣
For those trying to interpret the positions,
I sold 211 put contracts expiring this Friday.
If GME ends the week under $22 I have to buy 21,100 shares at $22 each.
Hindsight is 20/20. Obviously the proxy would release this week and have the ask for more Authorized Shares on it. But it is what it is.
Covered calls are all big green for the moment.
@dustinspen45296@OurSf49ers I don’t feel bad for him. The Niners supposedly offered $17M /yr for multiple years and he turned it down.
I would’ve rather he stayed, but he did this to himself.
@OurSf49ers How is that all he got?. Nailor got 3 years 35 million and he has 1000 career relieving yards. I kinda of feel bad for him, because he was a great teammate, who was willing to do what it takes to win
You have to understand that Ryan Cohen is fully aware of the stock price falling in the short term.
It’s an expected cost in a massive & transformative deal. Anyone who is worth their salt can see that @ryancohen is laser focused on LONG TERM Shareholders value.
That is why I am so surprised that Michael Burry Paperhanded……what a lil bitch.
Burry pissed that Ryan Cohen didn’t go after one of the hand picked companies he offered after purchasing an undisclosed number of shares?
Pissed enough to sell his entire stake immediately? (If he had one)
Wall St. plant?
Entitled?
Burry selling early again is eerily reminiscent of when he totally fumbled $GME by missing billions worth of potential gains in 2020. His full statement on selling GameStop here:
"Charlie Munger once said, When a manager with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact
I may not last the week with my GameStop position fully intact. I will certain sell to an extent, perhaps all or some but alas, no, not none.
Until next time!"
@sneedweb I love how “ people familiar with the matter” claim sometime this month… conveniently providing a large enough window for these FTDs to get stuffed into the market