It’s a war of attrition. Their problem is that when we gain a mile of land they can only push us back a half mile. Then we advance a mile again. It takes awhile but they can’t push us back to the start.
GME close was > $22.01 today ($22.22 final settle price) putting ~145k options contracts representing ~14.5M shares IN-THE-MONEY. Hedgies now have 4 days to find and deliver by Tue, 14.5M shares to the expected nearly 100% converters of options to shares. Current available shares to borrow appears to be nearly zero (relative to 14.5M): one source: https://www.iborrowdesk.com/report/GME
EDIT: Second review of options contract numbers looks fishy, regard above as estimate.
We are stressing their resources.
I keep buying on the dips.
Some people may not realize this but the greatest reservoir of wealth in the world today is the American middle class.
It’s a war of attrition. Their problem is that when we gain a mile of land they can only push us back a half mile. Then we advance a mile again. It takes awhile but they can’t push us back to the start.
GME close was > $22.01 today ($22.22 final settle price) putting ~145k options contracts representing ~14.5M shares IN-THE-MONEY. Hedgies now have 4 days to find and deliver by Tue, 14.5M shares to the expected nearly 100% converters of options to shares. Current available shares to borrow appears to be nearly zero (relative to 14.5M): one source: https://www.iborrowdesk.com/report/GME
EDIT: Second review of options contract numbers looks fishy, regard above as estimate.
The fuckery with GME is massive.
I'm no expert, even an amateur would be a stretch, but I suspect another SS would kick off MOASS