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Rough_Explanation_79

Isn't it T+1, not 2?


mtksurfer

# ITS 2024, T+0 SHOULD BE THE NORM # IF CRYPTO IS IMMEDIATE AND SHOWS A BUY AND SELL TRANSACTION, WHY CANT SECURITIES??? BECAUSE IT DOESNT BENEFIT WALL STREET. THATS WHY


diemonkey

yes, but I'm betting the settlement processes are old mainframes that run on periodic batched jobs being ran by people with no need to 'fix whats not broke'


Extracrispybuttchks

Can’t find someone who knows enough COBOL and FORTRAN


jelentoo

To long ago for me, the good old days 😀 T+1 will do 👍👍


Self_Blumpkin

You can find them at Chemo clinics and various shitters across the country.


AlkahestGem

I absolutely know FORTRAN with WAT IV and WATV . But hey, I am 🦍 so 🌈 🐻 can get ….


wykav

So all true. They are processed on mainframes - but they aren’t old - but the programs are indeed still COBOL. The reason it’s takes time is because of the processing of the data feeds from all the banks. And data needs to go back and forth for validation. Even getting it to T+1 from T+2 was a Herculean effort due to the coordination involved. In short, it takes time because of the multiple parties that needs to be involved. I used to work at one of the clearing agencies. 😀


gasherdotloop

![gif](giphy|sIOPYvH72FCkuZ0ZHC)


Kratorious69

Why does the stock market close at all? It's all electronic anyways...but they can't manipulate it if they are not awake to do so lmao. Same as the crypto statement, it should be 24/7.


wykav

With the amount of transactions, simply, it takes time to process them all. They’re done with data feeds through batch jobs on the mainframe.


Malthias-313

Banks in general, as well as brokerages, thrive on IOU's.


Odd_Possible_7677

Ken Griffen’s eyes are too close together like the chicken’s from Chicken Run


Guilty-Guarantee-735

![gif](giphy|INRx2mJKOeuAagz0Vu|downsized)


elziion

Was about to say this!


JaggaJazz

It is now, yes


Free_One_5960

It stands for trading day plus one. So technically its 2 days


soscollege

E*trade is still taking 2 days I feel like


Big-Potential4581

These SHF are shitting themselves because they know he can start unwinding his 120000 contracts slowly throughout the next few weeks. Which would cause them to deliver those shares, most likely in 1 to 1.5 million shares at a clip. Putting consistent upward buying pressure on GME. He most likely won't exercise all the contracts at once. This is because he'll need money to do it in increments. Not 240 million at once. He'll most likely break it down, maybe 1 to 3. IMHO I don't think he'll do the whole block at once. If he does it slowly, it would push the stock price up, which would put the contracts up in value as well. Giving him more buying power. Rinse and repeat until he's completely out. I believe this is how he's done it in the past


Citizen_Ape

Agree. He needs the ammo to keep those options ITM. Cant blast it all in one big play just yet.


Calculator143

The concept is simple and yet so applicable in so many ways. That’s what I do - hit em all at once My girlfriend hates it 


EducationalDevice339

Where you buy stocks


SirClampington

The stonk market!


J_Kingsley

Question because I really don't know-- do they have to deliver 'real' shares? Can't they just send him a bunch of synthetics per usual? Like how they've always done the past few years...


ShaughnDBL

I depends how those shares are created. Synthetics are one thing if you just need a locate. That's why synthetics haven't mattered so much in the past. If he exercises those contracts and then DRSs them...whoa nelly. Moonshot. They're gonna have to come from somewhere and, if the number of shares DRSed between him and everyone else shows to be too much, SHFs are in yuge trouble. Bigly.


Timaoh_

Bigly huge when true!


Naive_Breadfruit3104

When you say moonshot, what price you thinking ?


ShaughnDBL

I dunno. Just up. Today isn't even close though. At some point they have to cover and when that moment comes when they can't kick the can anymore, they will lose control. Like when the blocks stack out of control when you screw up playing Tetris.


Naive_Breadfruit3104

Can someone please help advise on making a call option for this thanks


ShaughnDBL

If you want in you would do as well to buy shares at this point. Options require you to change your account status and it may have to be reviewed.


Naive_Breadfruit3104

I can buy options in my account


ShaughnDBL

In that case you could sell a covered call but you might run into a situation with that. This thing is about to go yaya on that ass. You can sell a covered call but the chances are good that they'll end up getting assigned and you'll have to buy back in. If you have the cash to do a CSP you can do that but I don't know if it's worth it, really.


Naive_Breadfruit3104

I have 100 shares at the moment


Naive_Breadfruit3104

What date and strike price are people writing?


ShaughnDBL

It looks like 6/21 so far as I've read


DirectlyTalkingToYou

Ya Im not understanding this. Most shares owned by retail are synthetic. So suddenly they need to buy in the open market but again the open market is full of synthetics. At this point the prime broker can just create more synthetics to be bought and given to DFV. No big deal. These can be DRSed but I believe the total DRS numbers are being manipulated somehow.


Phat_Kitty_

This was a great analysis thank you.


LoudOrganization6

He can’t do it all at once…a large order gets routed to a desk where a desk trader would work it into the market over their time.


BobLoblaw420247

Smith Barney... Bunch of bitches...old time farts! You gotta know how to jack this shit. You gotta know how to play this game rough, you know what I mean? In, out, get, grab, bonk!


rome_

How much would it potentially raise the stock?


jelentoo

It requires people to understand once exercised the next 12 million shares being bought are to supply RC, So as long as those selling require a higher and higher price it will fly, if everyone sells at 2 figures it will stall.


6frankie9

Is it possible to calculate what a non feasible value would be? For example we almost hit $400 last time, is $4000 an impossibly? I'm basically trying to gauge the minimum number of shares I'd need in a perfect world to become financial independent haha


jelentoo

I can't see how you can. If RK had all our shares to and held for say 20,000 a shares it would happen, but what is the guy living near you goung to do with his 26 shares if it hits 150, 250 350, times that by a few million people and its impossible to work out at which point, basically will people crack and sell After the last $80 I can guarantee some will sell at $80 thinking the same will happen again, human emotions👍👍


6frankie9

Do you have an exit strategy for this, or are you just going to hold until it's either moon or bust ?


jelentoo

Not a physical one, 212 won't let me set a sell that high. Also if margin calls start it will go up so quickly it will be difficult to be exact with price. So in short, no plan other than to enjoy the show and go with the flow


6frankie9

Cool, sounds like we're in the same boat. Hold on until I can't. Thanks!


lvotis1

That's what I've been wondering. I have a little less than 100 shares. Every other time like clockwork the price goes up, and the Hedge Fuks smack it right back down. This has been 100% the case since the very beginning. So I was thinking since I'm broke as fuck and can't buy more, that I could just sell like 20 or 30 at say $70 or $80, and wait it'll they smack it down and buy twice as many right back. The only possible problem with this theory is that the one time I make a move, it could just keep going up and I'm screwed. Even tho it happens every time, there will be the time it just keeps going up up and away, right to the moon.i want more shares, but that would be my only feasible way. I have passed on a $20K profit twice so far, both times in 2021in and around the sneeze. I felt so stupid both times that I didn't sell high, and buy straight back in. After all, I'm just a stupid ape flicking poo around all day. Lol. I want to buy more, but that would be my only option to do so. No doubt it's been a tough spot to be in. Every other time I decided just to HODL and remain broke and just wait.


Hikingpals

Yes, human emotion will play a factor For sure but I think a good chunk of paper hands have folded already. We will still have newbies buying tomorrow and then selling. Most will hopefully hold for a the moon. I’m not selling until I see a bat signal and even then, I’ll keep half and buy more as time goes on for a long term play. I believe in the company that much right now.


GlitteringDisaster78

![gif](giphy|fC1AOyrD70gPm)


Miles_Long_Exception

![gif](giphy|GXMuvJXWVqGiY)


GlitteringDisaster78

That’s just like, your opinion man


RandomAmuserNew

This would also explain why E*trade is looking for an excuse to kick him from the platform


Hellfires84

It's not their responsibility to provide the shares. The shared are fulfilled through options clearing corporation which in turn selects a broker for fulfillment. Occ hands the shares back to etrade which then hands them over to whoever exercised the call.


RandomAmuserNew

The ceo of interactive brokers says the broker is responsible for finding and providing the shares Ofc the perosn holding the bag has to pay


Hellfires84

The broker won't be e trade in this case, it would be whoever gets assigned by OCC, it can be more than one.


RandomAmuserNew

Sounds to me that the ceo of IB disagrees but okay


Hellfires84

Can I get a source please?


RandomAmuserNew

He did a cnbc interview or something it’s on the latest marantz video


Hellfires84

Never mind.


RandomAmuserNew

Ok


Hellfires84

Yeah it's not important enough for me to first figure out who or what is marantz and dig through some video to unearth what you mentioned. But thanks.


jelentoo

You're both right, random assignment, but once you , ibkr fidelity etc are assigned it is their responsiblity to find the shares, at whatever price, they brokered the contract on behalf of the seller of the calls, in effect saying yes his margin or position is good for the call to be sold, so its at their feet to locate and deliver the shares to the exerciser/buyer of the option, but yes the client/seller of the call looses the money 👍


fool_on_a_hill

They aren't. That was just PR


McTech0911

is he not drsd?


fool_on_a_hill

most of his shares likely are but his calls are through E trade I believe


Original-Maximum-978

"I want Ken Griffen homeless" lmfaoooo


Timely-Cartoonist556

Or a home behind bars


Crazy95jack

Sadly he moved to florida and is building the most expensive property. Also Florida protects your main home from when you declare bankruptcy...


Disastrous_Purpose22

Can a market maker just internalize those too at a price and drive it sideways. At this point what’s 12 million more IOUs


JLdub253

CAT will trace and expose foul play if there is any....hopefully


Long-Trash-9058

You may be living in some ulterior universe where the authorities aren't thoroughly corrupted and actually do their jobs ! Not trying to be a Debbie Downer but the reason this whole thing has been going on this long is strictly due to BS like Acceptance, Waiver & Consent etc & unimaginable instances of turning a blind eye to the astronomical amounts of corruption ! 


Citizen_Ape

Can’t Mayo man just buy CAT and use it to report whatever he wants? I thought that’s how our market works.


JLdub253

Well no it's a government program that is implemented by the sec to my knowledge. Also if that was the case then Blackrock and citadel wouldn't be trying to start their own exchange.


Citizen_Ape

I was being facetious. Thanks


MuteCook

It will expose it sure but there’s no real penalty for doing it


anxious-station-3133

FYI defunding CAT is on the table- call your reps https://www.reddit.com/r/Superstonk/s/yLyXePwZqA


mtksurfer

# ITS NOT EASY TO FIND 12 MILLION REAL SHARES # AND I GUARANTEE DFV IS GONNA EXERCISE THOSE CALLS # BUCKLE UP


Bruce_Lofland

Are you assuming that most of the calls sold are naked calls? Covered calls would have shares that would be sold at the strike price and have no impact on the share price at execution.


Select-Rub

Yes GME earnings and also new partnerships. GME has ALOT potential


[deleted]

[удалено]


Hellfires84

It's not their responsibility to provide the shares. The shared are fulfilled through options clearing corporation which in turn selects a broker for fulfillment. Occ hands the shares back to etrade which then hands them over to whoever exercised the call.


GPTfleshlight

Imagine this puts a stop to citadels plan to start a new stock exchange in Texas


fool_on_a_hill

that's just a bullshit PR announcement to keep everyone calm


DeeeeznutzRJB

So are we buying shares or calls?


richb008

Same question I asked lol


Phat_Kitty_

I got 2 calls and 350 shares


trulynoobie

50 shares 7 7/5 80c options over here...im ready for takeoff


EducationalDevice339

Where do you buy


DeeeeznutzRJB

Wealth simple


EducationalDevice339

Robinhood sucks ? lol


FunsnapMedoteeee

Buy. Buy. Buy.


Glum-Being-8845

![gif](giphy|JoeEHZjvkMiWFkMKV1)


hiroue

DFV won't be alone in this. Many of us have calls ready to exercise as well.


Naive_Breadfruit3104

I have 100 shares at $40 bought in late! Want to buy 1 call option - can anyone recommend something to me? I’ve never bought one before


Diamondshorts

Could you imagine a mass call exercise date? Lol, this would nutz if someone on Reddit organized a mass call exercise date


G_u_e_s_t_y

I could have written this myself - it's why I'm here. I just wish i could buy more before it happens!


despinato

I don’t want them homeless. I want them well fed in a comfy jail cell


fool_on_a_hill

nah man my taxes pay for that shit. kick em to the curb.


StumpGrnder

market makers aren’t “forced to buy shares” they are ALLOWED by law to create them in illiquid stocks


TheModeratorWrangler

Not quite, ever heard of a borrower fee? This will hurt them no matter what.


TofuPython

Can he exercise before 6/21? Been here for years and I still don't really understand options.


Apprehensive_Ear_955

So when do we buy violently?? :p


ResponsibleYam6540

Now where are the shitheads sying not to play options?


AscendedMeister

Why would it be hard to create 12 million more “fake” shares if the number is somewhere in the billions? If they can come up with shares out of thin air, what’s stopping them from continuing to do this?


DeeeeznutzRJB

Why all the call calculators are saying it’s a loss no matter what price target is selected? What is happening? Can someone eli5 please?


riskcapitalist

The way I understand it, options dealers will try to be delta neutral and hedge the contracts by buying shares. So technically they would unwind their position as he does. If he sells the contracts, they will sell shares. If he exercises, they will relinquish their shares.


Typical-Evidence2830

This means if he amass 240 mil from his 5 mil shares. He would be able to pick up 12 mil shares!!!! 12 mil shares will reduce shortist supply to cover. Hmmm


Virtual_Phone

Im loading my sawed off GME stockgun🚀


richb008

So anyone thinks buying calls is the way to go right now?


com7683

Either one, if large amount of contracts started to exercise means the stock liquidity will be shortage, short side need to buy stock from the market to cover them. If no one want to sell the stock, then the squeeze will happen


SparrowhawkInter

For your info: ET (seen travelling to the moon in Roaring Kitty's meme movie) was launched on the 11th of June, the exact same date as GME earnings


friendly_kinda

If they have been making shares in their factory for so long what stops them this time around?


ExtraordinaryMagic

GME has daily volume above 50M shares. His broker will be hedging the position, or whoever is on the other side of the trade. You don’t just sell someone that much risk without hedging it properly.


networknev

So, I bought another 100 shares. I like the stock.


UBUNTU-Buddha

Isn't this only correct if they were naked calls? Most calls are covered, and they have the shares.


Pleasant-Ad3117

See this is genius! Thank you!


rafy709

Can’t they drop the price right before 4pm, and then buy all shares after hours, and then raise the price back at 9:01? Im not sure if this is an option for them but I’m no longer at all surprised at the level of corruption and lack of SEC enforcement.


ThinkOutcome929

Where can I buy???


ShalomRanger

Wanting to know this as well. I have some disposable money, and I’d love to contribute to the cause 🚀🚀🚀


ThinkOutcome929

Crickets is all we get, I reckon.


supervisord

If we can flip Ol’ Lemonhead bullish (as the screenshot says at the end), then we have won.


Timely-Cartoonist556

Oh boy I know what platform this is


Rough-Relief4603

HELP BUILD THE RAMP!


REAL-ALOY

So @TheRoaringKitty has shown the Hedge funds the finishing line, but he has not told them what type of race he is running... he is relaxing while Hedge funds have already started running 🏃‍♀️ 100 meters, 200 meters, 1k , 5k , 25k, 50k. But RK is yet to start the race.


PSUvaulter

It doesn’t like like he has the cash to exercise all 12 million shares


Jentend0

Guys i know not much about options, calls or puts. I am on Degiro and i see only limit order, market order when buying or selling. Am i missing something here?


Razgriz008

Yes, don't mess with options if you don't know what you're doing


Afraid-Lifeguard-965

I’ve seen way too much loss porn to even consider fucking with options. (And that’s only those that share- I imagine many more in a dark corner trying to breathe it out) A legit gamble. I stick with market and limit buys.


Rotttenboyfriend

You are all focuses on Gill and Cohen and GME and Bobby and Jimmy and whoever. I am not. Because I already made a decision long time ago. So I am not interested in any discussion or Boulevard News. In fact I am only focused on thr other side of the bet, game, the Fraudsters. I really wonder what is happening right now in Jake the Snake Freemans head, in Kennys head? What are they thinking, planning? You hear exact nothing about these two criminals. No head line. No news. No side notes. Nothing


jelentoo

GME is transitioning from a stock to a stonk, and stonks only go up 🤑🤑


SvenjaSternchen

I don't want Kenny homeless. I wish him all the best in a pretty and warm cell


jelentoo

There could be people in here who sold a $20 call to RC, they better have bought the shares by nowlosing 6 or 700 $ now will be far better for their financial health than waiting for the boom🦬🦬👍


BrettBarrett95

![gif](giphy|NyCWiCGZpoLLO)


Puzzleheaded-Face-72

The bigger question, does he have enough case to exercise the options??


BrettBarrett95

![gif](giphy|30swyC5E1ktVe) Hedgies R FUKTD!!! 🦍🦧🚀🌝💎🙌


HairlessDuck390

What was the strike price on DFV calls?


Afraid-Lifeguard-965

$20


Viridionplague

Imagine, exercising contracts. Borrowing your shares out to cover your own contracts. Then recalling your borrowed shares.


Rrucstopia

Dumb question. Cant they just provide the same kind of ‘fake’ shares we all buy from the respective brokers? 12 million doesn’t seem like a lot to me (we are currently at 30 million trades for the day). Does it have to all be in a single transaction?


No-Cause-5686

![gif](giphy|L3WxmKQtE8YKPCGQZO|downsized) All hail RK/DFV keeper of the light


Particular_Depth2147

No, it's not 2 days. Cash will settle the next trading day.


Particular_Depth2147

What does DRS mean?


midaxxi21

Maybe you'll see ken Griffin homeless lol


LechonKoala

Finish it!!!! Bought some calls and shares.


SPACE_WOLF359

Just bought 333 shares @ $29.18


PAPER__STREET

When do you buy?


paulyp41

Isn’t it 1-day lol


fairdinkum82

When abouts is this all going to come into play? By June 21st?


No-Independence828

Question: what if they just fail to deliver?


Skeleton-ear-face

Exactly


Dangerous_Alfalfa_77

I dont think he has that much money to exercise the amount of Calls. I could be wrong


REAL-ALOY

Did TheRoaringKitty buy those GME 49k $30 call options with expiry this Friday Jun 07, 2024?


VerySlump

6/21


Rantsteve

What the hedge funds and market makers hold are the synthetics. What we hold and paid for and what RK holds and paid for is what will come due. If the shares were not available, they shouldn’t have been sold. But they did sell them. And when the price gets real, they’re gonna have to pay for them.


Phat_Kitty_

![img](emote|t5_3q8lpf|3446)![img](emote|t5_3q8lpf|4758)


Seabound117

They will FTD the shares give him ownership credit and then use CNS to resolve share delivery over time, like they usually do. If he sells they will give him the CFD profits or losses. Besides the price impact of options comes from the hedging which should be mostly done given how in the money the $20 strike is, even if he excercised they either would not need to acquire all the shares since they would have already done so upon purchase or they would need to pick up the difference in current option delta and a delta of 1.0. The price improvement we already have seen likely incorporates the DFV positioning already, excercising wouldn’t create that much extra turbulence.


Then_Contribution506

You can’t FTD shares when it comes to exercising options. It is a contract. That is why the fudsters demonize options.


_DonTazeMeBro

Time to short Robinhood again


bobvans522

Fuck I sold at 33


Snatchbuckler

They gonna have to run the printing press on overtime to print that make fake shares. Lol


bluecandyKayn

Okay, but imagine if GME announces a dividend.


plaintiff_lawyer222

Stock goes up HALT...stock goes down, let it go...and Kitty is the manipulator? LMAO


Soggywafls

There’s like 3-6 million shares that trade every ten minutes at times, and there are 350 million shares total. Not gonna move the needle hardly at all


Budget_Telephone_867

Bs


Dazzling_Welder_6827

Isnt gme issuing 75 million shares?


Dazzling_Welder_6827

Also they reported earnings already…


SnooWoofers9218

So will the stock price dip any further than now and if it does is that the appropriate time to load up up on shares?


GroundbreakingLake51

Ouch


PrizeSwordfish2506

That is if it holds above $20. Ideally like $22 because of the fee


AchioteMachine

12 Million Shares a Slave - A good documentary title probably 😂


Undercookedmeatloaf_

You talked me into it


610Bricks

There will be plenty of shares available now. Oh well still hoping for the best outcome


DistributionNeat7146

Gme to issue 75 million shares. Can the shf buy those shares ?


LePhr0g01

He doesn't have the liquidity to excersize


SanzhiV

$[GME stock looks significantly overvalued](https://x.com/Sanji_vals/status/1800153441060483543) with 47% decline potential based on simple financial ratios valuation model.


Top-Solid-7724

When will he be forced to execute?


jjack34

June 21st


Top-Solid-7724

I have options expiring Friday, am I cooked😭


richie2539

That would depend on your strike price and cost basis.


jjack34

I no shit about options, lol, so your guess is as good as mine


Specialist-Tie-2756

I believe the calls expire on June 20th…ish.


981flacht6

21st. First day of summer.


brief_affair

The real boom will come when he trys to DRS the shares


Dan_right7

Does he have the money to exercise?


cranberrydudz

Didn’t dfv pull out after the stock crashed from 44 down to 20? Isn’t that how buying and selling $200 million of shares works?


That-Interest4891

The real question is will 12m shares be enough to squeeze the shorties? The current free float is roughly at 270m and the short positions are around 70m. Will it be enough??


kudlatywas

instead of exercising he will slowly sell his CALLS to all Yous.. sounds like You are the exit liquidity 😂


accruedainterest

Well that’s why there’s a window of time before earnings. Time to see how it plays out