So he lost money on his calls? If that's true then that's some major slippage! The Globe and mail On Tuesday, the options contracts briefly changed hands at an average price of US$5.50 a contract, putting the value of Mr. Gill’s position at about US$66-million, down about US$2-million from their purchase price, according to Trade Alert data. With the shares last at US$24.60, the contracts were trading at US$6.65. The avg contract price during his stream was $5.68. Order flow shows him starting to sell at around $9.45 down to $6.50.
theta play his cost of the options is 60 millions, according to cnbc. if he cashes out now, make less than 10%
So he's still holding 40k contracts? They were trading at $28 leading up to the earnings... https://www.investors.com/news/gamestop-stock-q1-earnings/ "GameStop stock plummeted Friday after the video game retailer unexpectedly moved up its Q1 report and announced a new major share offering. The early move erased GME stock's gains from Thursday's rally following the releases." Man what a rug pull!
What are the chances the people who paid over $5 for the June Monthly $120-$125 calls are made whole?