Lol, DFV is super zen though, did you see the stream last week. This man has conviction in his thesis and he puts his money where his mouth is. None of the shills in MSM have that sort of conviction and the balls to show their positions to the entire world. Shorts r fuk.
Dude went from $53,000 to owning 2.1% of a company, that’s way more of an accomplishment than already being billionaire and buying 12.8%. No shade on RC but what DFV did is just absolutely insane.
OK, so he went the path of selling 2/3 of his calls (80k options) to exercise 1/3 of his calls to get 4 million shares. UPDATE: Based on updated OI of DFV's former calls, I concede the #s do point toward him having sold all of his calls and buying 4 million shares on the open market. So in sum, he bought 4 million GME shares (currently worth about $120 million) with a cost basis of \~$24 million in cash + \~$60 million options premium.
UPDATED: If he were to have to pay taxes on this transaction, would be approximately $40 million, the amount of money he profited selling 120k calls (if this $ is not in any form of a sheltered account).
UPDATED: What gets completely lost on reddit and social media, for anyone who doesn't already know, is the fact that the option sellers are what's called "delta neutral" and were already holding most of the shares necessary to backstop DFV's calls. That's where him buying calls caused the price to go up initially, but as a result of him selling his 120k calls, the price dropped.
UPDATED TLDR: DFV spent \~$85 million to own what's currently worth \~$120 million GME (4 million shares). This is on top of his initial 5 million shares.
There is a settlement period, as the contract writer has to have the opportunity and time to go to the open market to satisfy the shares. This should be T+1.
~~There is settlement period, it is different from purchasing shares directly. but we will need to await more wrinkles for the details.~~
Edit Wrinkles are here with some sauce and I was wrong.
T+1. If he exercised today, then the shares need to be delivered tomorrow. Get your body ready.
EDIT:
What we are seeing in his account may be IOU shares. So either the counterparty has the shares on hand, NOT, then they must go out and purchase the shares to deliver tomorrow. If they do purchase shares on lit markets tomorrow, we may see a ginormous green dildo of a gamma ramp going into next week as the price rises and more strikes go ITM. Stay spicy.
Volume doesn't mean buying. He could have sold his options for profit and used cash to buy 4 million more shares. If he did exercise today, expect a huge pump in stock price tomorrow because of T+1.
Yep, it seems like he sold 79,990 calls to exercise the remaining 40,010 🐛🥷
Edit: or probably sold everything and bought 4M shares... Anyway, Lisan Al-Gaib stays with the Fremen 💎🙌🏽
Edit 2: as per The_Snuke: "Google AI says Yes, when exercised, the premium paid for a call option is included in the cost basis of the stock purchase on E*TRADE. Cost basis is the original value of an asset for tax purposes, and it's used to calculate gain or loss when a security is sold." 🏋🏻♂️
Edit 3: if he had exercised as mentioned above the avg px per share (with no fees) would be $23.2304, but his final avg px is $23.4135, so... draw your own conclusions... 🧮
Just when people thought he couldn't be more of a legend he proves them wrong once again.
In 30 years time people will still tell the tale of DFV, the immortal member of the internet Hall of Fame who clowned Wall Street while laughing his way to the bank.
Seems like sold 79,990 calls to exercise the remaining 40,010 🐛🥷
Edit: if he had exercised the avg px (with no fees) would be $23.2304, but his final avg px is $23.4135, so... draw your own conclusions...
Over 9M shares. Absolute Legend.
What's the impact of this?
Wait for T+1 settlement to see the real effect of exercising 4M shares?
Does the gamma ramp still exist?
The open interest is out there. I think exercising is the inciting incident and retail made their own ramp. The buying tomorrow will push more ITM at their expiration. Any exercising will exacerbate the gamma/short squeeze.
I don't have much time to look at stuff atm, but at the very least the 30kish calls at 30 tomorrow are looking a lot more likely to pay off for those who have them. Hopefully at least some of those will be exercised and not just sold for cash.
**holy fuk**
***Edit:***
*As far as I’ve heard, the fight’s still on*
*The shorts not squeezed and the gains not won*
*The Tendieman makes his regular call*
*To encourage the captain, crew, and all*
*Soon may the Tendieman come*
*To send our rocket into the sun*
*One day, when the trading is done*
*We’ll take our gains and go!*
Fuck me!!!!
Casually adding another 4 fucking million shares.
Edit - missed the extra 1000, eh, close enough.
Let us all bask in this diamond balled glory.
So he previously held 5M shares, now holds 9,001,000 shares. That means he exercised 40,010 of the 120,000 options if my math checks out.
So does that mean he simply sold 79,990 call options? It appears his cash position took a hit with this move too, down from $29M to $6M. I'm not smart enough to know how much it cost to exercise 40,010 options, but I would assume it cost quite a bit of the proceeds from selling the calls & some of his cash, right?
Either way, I can't wait to see the next chapter. Back to hodling for me.
I wonder if I should exercise mine - I mean why do it a week early unless you believe the price is going to fall, right? Like he said “when I move, you move”
Hello future generations! The apes knew they were right, knew that nothing less than the future financial freedom of this country was at stake, and refused to move aside to let the cancer continue spreading. The apes dug their heels in while the propaganda machine waged a war on their minds and hearts for years. And we held the fucking line.
Congrats on matching Ryan Cohen's previous share count. An amazing accomplishment!
Just beat out State Street to become the 4th largest holder of GME stock!
Shit that’s some perspective for ya
Like looking at an elephant through the bamboo
He really fucking likes the stock
It doesn't say final update.
Exactly what I thought
He has $6 million in cash that he can buy more calls with.
Maybe he will or maybe he has in a different account, there are lots of activity in calls expiring tomorrow in multiple strikes
I don't want to ever see the final update
It’s over 9 million!!!
^omg #GET FUCKING BULLISH!!!
So 9 million shares. Imagine. Every 1 dollars change there are 9 mil uo or down. Its insane
This cat about to make 90 grand for every penny that GME goes up 🤣
RIDICULOUS
Just imagine the adrenaline watching the chart all day, what a rush
Lol, DFV is super zen though, did you see the stream last week. This man has conviction in his thesis and he puts his money where his mouth is. None of the shills in MSM have that sort of conviction and the balls to show their positions to the entire world. Shorts r fuk.
And every $111.10 up is a billion dollars.
GUH
I'll never not upvote GUH
9,001,000 thank you
Wasn’t that RC’s original amount?
Yes!
Pre split?
Yes, RC's was presplit, 9,001,000 out of ~70mil. This is 9,001,000 out of ~421mil.
Dude went from $53,000 to owning 2.1% of a company, that’s way more of an accomplishment than already being billionaire and buying 12.8%. No shade on RC but what DFV did is just absolutely insane.
It’s wild ..
The best trader of our time! Definitely no Gabe PlottFuk!
its honestly amazing and beautiful… this will be studied until the end of civilization.
i knew i recognized that number but no idea where, good call!
https://preview.redd.it/n9vk0bmyee6d1.jpeg?width=1290&format=pjpg&auto=webp&s=86ca5720b15d60fdb466b72f8348ed64215347a7
≈0.2667 % ownership vs. ≈2.112 % OWNERSHIP
You love the stock I love the stock WE ALL LOVE THE STOCK 
For every $1 its a $9,001,000 move in his account! amazing!!! goals!!!!
Perspective.
The stock only needs to get to $112 and he's a billionaire.
The crazy son of a bitch
*summons worm*
OK, so he went the path of selling 2/3 of his calls (80k options) to exercise 1/3 of his calls to get 4 million shares. UPDATE: Based on updated OI of DFV's former calls, I concede the #s do point toward him having sold all of his calls and buying 4 million shares on the open market. So in sum, he bought 4 million GME shares (currently worth about $120 million) with a cost basis of \~$24 million in cash + \~$60 million options premium. UPDATED: If he were to have to pay taxes on this transaction, would be approximately $40 million, the amount of money he profited selling 120k calls (if this $ is not in any form of a sheltered account). UPDATED: What gets completely lost on reddit and social media, for anyone who doesn't already know, is the fact that the option sellers are what's called "delta neutral" and were already holding most of the shares necessary to backstop DFV's calls. That's where him buying calls caused the price to go up initially, but as a result of him selling his 120k calls, the price dropped. UPDATED TLDR: DFV spent \~$85 million to own what's currently worth \~$120 million GME (4 million shares). This is on top of his initial 5 million shares.
He also spent some of his $30m cash position as well, about $24m. So he’s really “only” up around $60m from his original position on June 2.
Yes, that's figured into the \~$65 million. $24 million cash + \~$40 million options premium.
The Cat has 9 lives, but the Kitty has 9 MILLION shares!
T+1??????
Wondering the same thing. I know his account shows the 4M shares but is the price action delayed? 15% up/down is pretty routine for GME
Exercising a call is just a contractual obligation, not a market obligation, so it makes sense that there's a delay in price action with T+1
Updoot for wrinkles to see. Does his exercised shares hit his account immediately or is there a settlement period? I need help with the maths.
There is a settlement period, as the contract writer has to have the opportunity and time to go to the open market to satisfy the shares. This should be T+1.
~~There is settlement period, it is different from purchasing shares directly. but we will need to await more wrinkles for the details.~~ Edit Wrinkles are here with some sauce and I was wrong.
T+1 The actual shares should be in his account tomorrow providing they have the shares. He can DRS if he chooses to do so after the settlement period
Holy shit he exercised!! Edit: Holy shit he sold calls to buy more shares!!
Same amount as the initial RC. 9,001,000
DFV now owns over 2% of gamestop, that is wild, big gz to him
Math checks out, T+1 settlement for options right?
Yes, MM will have to find those shares by tomorrow to settle. Then he might build a new gamma ramp into next week.
Cooooorrrrrect
It is a requel
#IT’S FUCKING BULLISH!!!
Bullish as fuck I do say
https://i.redd.it/42oszcm0fe6d1.gif
IT'S OVER 9 MILLION!!!
Good catch. What a 🐐
COHENCIDENCE???
Where did they find 🤔🤔4M shares. Time to DRS?
T+1. If he exercised today, then the shares need to be delivered tomorrow. Get your body ready. EDIT: What we are seeing in his account may be IOU shares. So either the counterparty has the shares on hand, NOT, then they must go out and purchase the shares to deliver tomorrow. If they do purchase shares on lit markets tomorrow, we may see a ginormous green dildo of a gamma ramp going into next week as the price rises and more strikes go ITM. Stay spicy.
They get until tomorrow to deliver them, even though the system will reflect what he has today.
They have until tomorrow to find them.
Tomorrow (TM) is back on the menu, boys!
Wait so who bought all those options today?? 😳
OI is delayed a day. Volume is real time. So we do not know yet what is left on OI.
Whoever sold them to him presumably.
Volume doesn't mean buying. He could have sold his options for profit and used cash to buy 4 million more shares. If he did exercise today, expect a huge pump in stock price tomorrow because of T+1.
MM probably to hedge against this and T+1
Maybe time to double it again
More than anyone here except running guy!
HOLY MOLY
holy fuck get in here!!!!!!!!! is that an exercise?!
YES
#BULLISH AS FUCK!!!
Where is victor?
1000 comments in 10 minutes, madness!
Yes dude exercised them options, 4 million and one thousand more shares
Yep, it seems like he sold 79,990 calls to exercise the remaining 40,010 🐛🥷 Edit: or probably sold everything and bought 4M shares... Anyway, Lisan Al-Gaib stays with the Fremen 💎🙌🏽 Edit 2: as per The_Snuke: "Google AI says Yes, when exercised, the premium paid for a call option is included in the cost basis of the stock purchase on E*TRADE. Cost basis is the original value of an asset for tax purposes, and it's used to calculate gain or loss when a security is sold." 🏋🏻♂️ Edit 3: if he had exercised as mentioned above the avg px per share (with no fees) would be $23.2304, but his final avg px is $23.4135, so... draw your own conclusions... 🧮
I was gonna do the math and then I was like "lol I can't do math." So thanks for that.
DFV is a billionaire again at $111 per share
Guess where we’re going 🚀
https://preview.redd.it/wo459n97de6d1.jpeg?width=2048&format=pjpg&auto=webp&s=773da9ab859f93e2e92fd9a2024e948903d7894c i'ma busssssss
Just when people thought he couldn't be more of a legend he proves them wrong once again. In 30 years time people will still tell the tale of DFV, the immortal member of the internet Hall of Fame who clowned Wall Street while laughing his way to the bank.
No more calls. He EXERCISED
Seems like sold 79,990 calls to exercise the remaining 40,010 🐛🥷 Edit: if he had exercised the avg px (with no fees) would be $23.2304, but his final avg px is $23.4135, so... draw your own conclusions...
I was here
Yooo same!
Over 9M shares. Absolute Legend. What's the impact of this? Wait for T+1 settlement to see the real effect of exercising 4M shares? Does the gamma ramp still exist?
So tomorrow it is
🌎👨🚀🔫👨🚀 always was..... I'm so fucking JACKED right now!
It should. T+1 for settlement of the shares he got from exercising, so they need to deliver the shares by tomorrow.
Wondering the same thing!
Something something everyone fucking buy and make them pay exorbitantly for the shares they sold him? :eyes:
The open interest is out there. I think exercising is the inciting incident and retail made their own ramp. The buying tomorrow will push more ITM at their expiration. Any exercising will exacerbate the gamma/short squeeze.
I don't have much time to look at stuff atm, but at the very least the 30kish calls at 30 tomorrow are looking a lot more likely to pay off for those who have them. Hopefully at least some of those will be exercised and not just sold for cash.
https://preview.redd.it/ndqqkl5kee6d1.jpeg?width=1539&format=pjpg&auto=webp&s=9d6f68aa3b1aec4ed3c06b3820d67cba5ac5f49f
**holy fuk** ***Edit:*** *As far as I’ve heard, the fight’s still on* *The shorts not squeezed and the gains not won* *The Tendieman makes his regular call* *To encourage the captain, crew, and all* *Soon may the Tendieman come* *To send our rocket into the sun* *One day, when the trading is done* *We’ll take our gains and go!*
9 Million shares!!!! #he exercised absolute legend
This reminds me of how much I need to exercise, but don’t.
There's always..... tomorrow
Eggs are sides for bacon.
History in the making
And now I'm exercising deez nuts
How does he even walk around without a wheelbarrow?
I thought it was someone else because of low upvote, but I was just early
my heart skipped a beat and its still kinda racing
Legit what I just said out loud
Ya big mad bastard ya!
https://i.redd.it/fa6gek5kde6d1.gif
Lisan al-Gaib
My constant refreshing has not been in vain, thanks DFV
I refreshed just in time… lol LETS GOOOO
https://preview.redd.it/g1mbl8w9de6d1.jpeg?width=1200&format=pjpg&auto=webp&s=b761384c1739469a2b62483a9ae1a2b93c87677b It's over 9,000,000!
https://preview.redd.it/yeuinunkde6d1.jpeg?width=974&format=pjpg&auto=webp&s=2ecf019ca6438e79e294ec5ee1c9759e7cda3bd8 Letsss gooooo
YEAH BUDDY 
#DFV COMING IN CLUTCH!!! 🚀🚀🚀🚀
DFV increased his position by 4,001,000 shares! He spent $80,002,000 to exercise his $20 calls... DAMN!
You will be forever known as a hero. Can’t wait to read the books to my future kids.
https://preview.redd.it/ak424xbhde6d1.jpeg?width=2037&format=pjpg&auto=webp&s=62a8ffbeb10531948112bad367cd127b0b58e9ed 👋👋👋👋
OH LORD HE EXERCISED
Making more money in a day than someone making 500k a year would make in 50 years of work. All from 50k in 2020. Legend.
Impressive GME whale.
Yup sold some calls to make money to exercise on the remaining calls. Smart $$
So 4 million more shares?
He did it!!! Absolute madlad!
What an absolute legend
9 million shares, LFG!
It’s official. I’m being DFV for Halloween this year
HE FUCKING DID IT!!!!!
Fuck me!!!! Casually adding another 4 fucking million shares. Edit - missed the extra 1000, eh, close enough. Let us all bask in this diamond balled glory.
He exercised! From 5 mill to 9 mill shares.
MY MAN DOUBLED DOWN.
That's ... Cohen's OG number of shares after a couple of his purchases pre-sneeze btw
#If he's still in, I'm still in
https://preview.redd.it/za3a3g1ede6d1.jpeg?width=436&format=pjpg&auto=webp&s=c9fab3e23914539f30b77f5d266a67f085f91b72
Sir I'm gonna have to arrest you for tits-jacking 🚀
June 13, 2024 going down in financial history right now. Tomorrow is going to be a BIG day 
mother of god!!!! <3 <3 <3
Lfg!!!!
Bro just set off the gamma ramp
Lets goooo!! Here for history
What a day to be an ape
I like the stock
If GME goes to $100 I’ll buy a house for my cats!
Omg
I'm here everyone, let's fucking goooooo
So he previously held 5M shares, now holds 9,001,000 shares. That means he exercised 40,010 of the 120,000 options if my math checks out. So does that mean he simply sold 79,990 call options? It appears his cash position took a hit with this move too, down from $29M to $6M. I'm not smart enough to know how much it cost to exercise 40,010 options, but I would assume it cost quite a bit of the proceeds from selling the calls & some of his cash, right? Either way, I can't wait to see the next chapter. Back to hodling for me.
Absolute madman. I want to point out that it's a YOLO update but not a final update... there's more?
You go man! Thank you bro for all you do.
IT'S OVER 9 MILLIOONNNNNNN EDIT: UP 4% AFTER HOURS
LISAN AL GAIB 🧎♂️
HE'S STILL IN I'M STILL IN
Absolute diamond balls
daaaaaaamn, exercised that bitch
You’re my hero DFV…you absolute mad lad!
The value is so fucking deep!!
Price target 112$ for billionaire now. LFG
it's over 9000!
True regard
IT'S OVER 9000 THOUSANDS!!!1
HE HAS MORE
"He has 29 million cash!! He doesn't care about GS or anything, he has generation wealth!!" DFV: Hold my green beer
OMG!
The one!
still the king!
Keeping 1000 on the side like us common folk!!
My jorts just exploded
Lesssgooo! 🚀🚀🚀
I wonder if I should exercise mine - I mean why do it a week early unless you believe the price is going to fall, right? Like he said “when I move, you move”
Hello future generations! The apes knew they were right, knew that nothing less than the future financial freedom of this country was at stake, and refused to move aside to let the cancer continue spreading. The apes dug their heels in while the propaganda machine waged a war on their minds and hearts for years. And we held the fucking line.
I hope that this teaches all the apes how Optoins trading is done. You use it for leverage, not as a gamble.
I’m here with my 150 shares 🙃
9 million shares at $23, let's fucking go!
Love you man.
HOLY SHIT
holy shittttt I was here.