There’s more to it to. Etrade has a hard limit that you can only enter 1000 contracts at a time. You can get an exception but it’s hard to do. You was only able to get it when they were independent; now those exceptions are much harder and I can’t imagine MS would offer for a guy to buy GME. So either he traded 120 different orders, or he traded via the E*Trade’s floor operation. If the floor operation the order would be exposed via the IDB and all the bank desks would have had a look and the order would likely be picked it up in someone’s market commentary.
Bloomberg mentioned Gill might be off loading OTC(Or off Market my hearing is shot), could you please explain if you have time. Thank you!
impossible unless he has another account with a private bank. And then he has netting issues at expiry. He will be margin called in Etrade and be short shares with the private bank. and those footprints would be in the market because the counterparty will hedge in the listed.
He has 10x the number of shares now than he did as of April 2021. the more I see this, the more I think the screenshot is fake.
maybe Morgan Stanley is facilitating it as they could allow him to move the shares between internal accounts, but that would be super shady and probably get them fined by Finra.
Thanks for explaining, yesterday no update on SuperStonk Reddit showing he held but no big volume on the calls he’s holding either. In 2021 Gill posted daily, that seems odd if everything is above board or creating hype for his next reveal?