GME: Roaring Kitty posted tonight and we shot up 19% then it froze (overnight trading halted?)
(media.greatawakening.win)
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He (Roaring Kitty on X and DFV on SuperStonk) posted a “Reverse Uno” card on X and his GME position on SS.
5 million shares, and 120k call option contracts (12 million shares). If this is legit then it was him, and not UBS Bank, that was buying the calls last week.
I was anticipating the stock to run on June 7, so this is early, unless he exercises them later this week and we do rocket on 6/7.
https://www.reddit.com/r/Superstonk/comments/1d6r5vp/gme_yolo_update_june_2_2024/?share_id=1RDxdRhEYXJISiWQ9YcGA&utm_content=1&utm_medium=android_app&utm_name=androidcss&utm_source=share&utm_term=1
So what does this mean? I have a few GME shares but haven't been following closely. Is this supposed to trigged the MOASS?
We will have to see, but it appears a perfect storm is brewing…
A huge amount of swaps are coming due. RK posted a “Reverse Uno” card tonight; does reverse allude to swaps? Maybe.
CAT oversight is now active, so there’s more scrutiny, and hopefully more difficult for corrupt hedge funds to cheat.
There is a huge wall of call options that is now, already ITM (in the money). If RK can exercise most of his calls then it’s going to light a fuse.
Ryan Cohen/GME is now sitting on $2 billion in cash. What’s it for? Is an announcement looming?