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View submission: Keith Gill (u/DeepFuckingValue) and The Gamestop Saga
500 options contracts at a $12 strike at underlying price of ~$150. It was a cashless exercise of a ~$7m position that left him with $6.7m in holdings finalizing (total) his share position of 200,000 (as posted).
Why not sell, because covered calls on those shares could have netted him roughly 150-200K a week with OTM contracts for the following year and a half of cyclical volatility.
Wild.
There's nothing here!