listen you idiots, you think you have this figured out with your zero experience in compliance, state and SEC rules and regulations. This is fucking hilarious. You don't even understand how clearing houses work FFS I couldn't care less about Roaring Kitty, but when we market participants try to follow regulations, compliance rules etc... because we are told to protect ourselves against frauds, and suddenly out of nowhere you have idiots on YT promoting "illegal" shit and doing stupid "shit", putting a light on something that doesn't exist, that is easy money for fools, then we can't help but feeling "insulted" and "played" by fucking idiots who don't understand the fucking rules
He can. First he has almost 14 MM cash in the account. Second, he can do it in small batches, he doesn't have to do all 500 contracts at once. Third, he could get a bridge loan for a day.
Thanks. But just to be clear: my position: He could borrow the money from his Meemaw. He could find a pot of gold somewhere. He could win the lottery. He could already have the money in his account. My statement still stands, as I can't attest to how much money he actually has. My statement was more about 'how it works,' and less about the facts surrounding someone I don't know. Again, he can exercise the options, "if he can afford to."
To perpetuate the scam? Yes, he could exercise. It's a good point as he was given an out as the thing was going crazy. The vol-line is 280, but there is only 80-90 cents in the 20-put. He would lose more to microstructure/stress fill than the extrinsic value on the APR 20-call or whatever he says he's holding. My guess is that part of it was real, but that he had cashed out of whatever position he had under $20/share. The salient point is he's pot committed due to the infamy. The people following this are watching those strikes. Conveniently, now that the SEC is involved he cannot cover. The fraud regarding the stated position will result in more charges.
I haven’t read all your dribble but you went from one of extreme, jail time blah blah to the other , to what can amount to a fine and losing a lic. Show us one guy sitting in jail for what he did. He didn’t fake a press realease, tell his client to buy and sold into it, he didn’t front run an order he executed for a client, no inside info, guy owned the stock a year before the frenzy.. tell us what he did bro or just shut the F**k up lol.
Everyone here knows more about WSB than me, but wasn't he pumping this shitturd wildly on WSB? Recommending it? It's silly to say nobody is in jail when the investigation has just begun. The dude won't due any time but he will be shamed into incel-oblivion when the truth comes out that he wasn't really in the thing.
I haven’t read all his posts, all I’ve seen for the most part is a screen shot of his positions. . The journals are full of recommendations. Anything can happen and there can be more to it than what we see but jail time I don’t think so, unless it’s a witch hunt.
tell that to the SEC and the MA regulator currently investigating him, you fucking idiot. God, what is it with those millennials and the law, they all think it should fit their strange projected simplified world. This is the real world, your YT game play have real consequences. Deal with it.