Hello Kitty should sell his 5m GME shares before he unloads his 120,000 June 21 20 options.
The stock looks like shit and is just a trade for him? He only had 239m net worth going into the trade.
His average cost of the options is $5.60 prox.
They are trading for $13.00 right now.which gives him right around 90m profit on the trade.
However, as soon as he even unloads 5-10% of the options, the stock will disintegrate - that's why selling his 5m shares first makes the most sense.
GME announces its earnings this coming Tuesday 6/11. If he's a gambler, he'll stay in until that announcement. Or, maybe he has some inside information on the upcoming earnings announcement? (i see the prison nasty in his future if he tries to pull that off)
It's time to book the win.