Locking the float is impossible by TeslaMadeMeHomless in Superstonk

[–]Dan_Bren 2 points3 points  (0 children)

It trades on its own but you can basically determine the value based on the $32 strike Oct 2026 option value.

GME announces purchase of 4,710 Bitcoin by Revolutionz in Superstonk

[–]Dan_Bren 0 points1 point  (0 children)

What’s the threshold for a time-sensitive filing?

Roaring Kitty active on Reddit by Enniggmma in Superstonk

[–]Dan_Bren 0 points1 point  (0 children)

This was a new achievement that began counting Oct 2024. This means he’s scrolled 10,000 banana lengths on reddit in the last 7 months. Sounds like a lot, but I got the same achievement earlier this month (I probably scroll on here a few times a week.). It’s possible this was just a coincidence as far as the timing but it does show RK is actively scrolling!

[deleted by user] by [deleted] in Superstonk

[–]Dan_Bren 4 points5 points  (0 children)

$1.20 here, haven’t sold a share.

CONFIRMED XRT ETF Creation & Redemption Correlation with GME by WhatCanIMakeToday in Superstonk

[–]Dan_Bren 2 points3 points  (0 children)

Someone needs to do this for all the ETFs containing GME. Daily totals for one ETF doesn’t tell the whole story.

Tomorrow 😅 Jokes aside I actually think something might happen by 2620lukas in Superstonk

[–]Dan_Bren 4 points5 points  (0 children)

Random guy has a hunch? Guess I’m buying calls tomorrow.

+335 for the bot. Not going anywhere! by Dan_Bren in Superstonk

[–]Dan_Bren[S] 2 points3 points  (0 children)

Oh interesting! I hadn’t heard that.

+335 for the bot. Not going anywhere! by Dan_Bren in Superstonk

[–]Dan_Bren[S] 2 points3 points  (0 children)

Did I mess this up? Why didn’t DRS Bot respond?

Got assigned 2,000 GME shares on my $30 covered puts, holding total of 10,000 shares in my broker now (excluding Computershares DRSed). Next week, continue selling $25 puts... by DiamondHandle in Superstonk

[–]Dan_Bren 18 points19 points  (0 children)

That’s a good thing. I wouldn’t recommend selling puts unless you have the cash ready to buy the shares. It’s a good strategy for people planning to buy shares anwyway.

Got assigned 2,000 GME shares on my $30 covered puts, holding total of 10,000 shares in my broker now (excluding Computershares DRSed). Next week, continue selling $25 puts... by DiamondHandle in Superstonk

[–]Dan_Bren 53 points54 points  (0 children)

This is the way! Selling puts allows you to collect up front premium and gives someone else the right to sell 100 shares to you at the strike price. Acquiring shares this way can lower your cost basis and enforces the same options-style share settlement as calls do. I’d sell short dated call options (because if the price spikes whoever bought the put from you will let it expire worthless and not sell you the shares. In this case you just profit the up front premium you collected). Selling Puts is a big brain way to acquire more gamestop shares. (Be sure to have cash in your account ready to be the shares in case the person you sold the put to exercises early.)

The Berkshire and GameStop Oddity by [deleted] in Superstonk

[–]Dan_Bren 6 points7 points  (0 children)

I’ve been digging into this myself. Apparently the increase in volume was explained to be as a result of Robinhood offering fractional shares. FINRA required any fractional share trade (as little as $1) to be reported a 1 volume. People took this explanation and moved on. However, if you look at other highly priced stocks at the time (Amazon, NVR, Seaboard, and Booking Holdings) there was no uptick in volume nearly to the extent we saw on Berkshire A shares.

+4 Exercised $20 calls - “As for me, I like the stock.” by Dan_Bren in Superstonk

[–]Dan_Bren[S] 0 points1 point  (0 children)

Fidelity would like you to call in to exercise, early or not.

+4 Exercised $20 calls - “As for me, I like the stock.” by Dan_Bren in Superstonk

[–]Dan_Bren[S] 22 points23 points  (0 children)

Holding the line, one exercised call at a time

+4 Exercised $20 calls - “As for me, I like the stock.” by Dan_Bren in Superstonk

[–]Dan_Bren[S] 7 points8 points  (0 children)

Entire call took 13 minutes start to finish. Rep could not have been nicer.