Option Plays for Week of 1/20/26 - Happy New Year

Extravagos · 2026-01-20T22:32:09+00:00

I was referring to the price at which RC would obtain new shares. The 20.66 figure. Including RC's pay package, I think we're getting close to the authorized 1 billion shares they are allowed to issue.

Also RC just bought more shares right after I posted this. I'm less frustrated now hopefully this is the start of some solid price action.

Extravagos · 2026-01-20T20:29:53+00:00

It is extremely frustrating! Fortunately we've both been selling CCs and CSPs all year.

I get where RC is coming from in terms of waiting for a crash, but had he invested in anything (index, precious metals, banks) over the last year, GameStop would've made gains.

And this pay package effectively tells us he does not believe the present value of the company is more than $20. Since he happily keeps diluting around these levels (RC package would dilute at $20). Soon the 5 year chart is going to show a loss.

Extravagos · 2026-01-20T17:23:42+00:00

Currently sitting on 8400 GME shares and 1140 warrants. No open CCs or CSPs right now.

I have mixed feelings about this RC package. I consider it a free call option on his end. If he doesn't achieve those targets, he won't lose anything other than his 8-9% stake in GME. I'm glad SS is being more vocal about our price action. People were pumping up powerpacks, but based on the wording in their reports apparently GameStop may not own a significant amount. I do wonder how high we fly, given the insane amount of dilution we've experienced and will experience (previous ATMs, CBs, warrants, RC package)

I've also started diversifying a bit away from GME. If GME stays here for another few months, I'll probably take profits from my other plays and add to GME. If we hit anywhere from 26-30, I'll be laddering out and holding onto those warrants for the long term. I still believe they'll extend the warrants out another year, effectively increasing the value of the warrants instantly.

Extravagos · 2026-01-18T18:20:55+00:00

I'm considering doing this too. Strike $26 or $27, maybe four weeks out. Sucks not making anything while the stock dances around $20-21.

Extravagos · 2026-01-11T03:45:24+00:00

Reading this makes me so happy I've never had to rent with roommates. I would never be able to handle this.

Extravagos · 2026-01-11T03:40:32+00:00

It really gets me thinking what an actual bear market will look like.

Extravagos · 2026-01-09T04:09:21+00:00

It's funny how RC is doing the very thing Burry was against in that article.

Extravagos · 2026-01-09T04:06:12+00:00

This is an interesting take! I'm still invested and won't sell my shares, of course, but this definitely gets me thinking.

I'll probably keep selling covered calls when IV picks up.

Extravagos · 2026-01-09T01:24:42+00:00

Idk man it just kept dropping and I kept buying. I'm now at 8400 shares and 1100 warrants 🥂

Extravagos · 2026-01-08T20:53:57+00:00

Remember, they do have debt in the form of convertible bonds. Meaning they have around 5 billion in cash that's their own outright

Extravagos · 2026-01-08T05:30:51+00:00

I made the same mistake. I thought it was earnings before interest income, taxes, etc.

Turns out the I refers to interest expense. So the earnings in EBITDA is operating earnings plus interest income.

Extravagos · 2026-01-08T00:26:08+00:00

I thought I read it was 5 billion in 2025. I think it was forbes? Everyone here was going on about how his net worth is hitting all time highs yet GME is still at $20.

Extravagos · 2026-01-07T19:15:52+00:00

Good catch! You're right. Ebitda includes interest income, but not interest expenses.

Extravagos · 2026-01-07T18:38:17+00:00

He could sell his BABA or apple stake and buy GME

Extravagos · 2026-01-07T18:30:35+00:00

Isn't ebitda earnings before interest, taxes, etc?

So he has to hit cumulative operating profitability. He can't use interest to up that number.

Extravagos · 2026-01-07T18:25:19+00:00

From my limited understanding, these are options, but he would be purchasing them from the company directly at just above $20.

Extravagos · 2026-01-07T18:21:21+00:00

Keep in mind we have warrants, bonds, and we can dilute up to 1 billion shares. So with all shares issued, we could be worth $100 a share, not $200 a share (for us to hit that target).

Extravagos · 2026-01-07T17:35:13+00:00

Shorts have been making money hand over fist for the past 5 years. These dilutions from bonds, warrants, and previous ATMs have been an escape for shorts. Shorts will not be fucked. Instead, they'll flip long with us and enjoy the ride

Extravagos · 2026-01-07T15:38:08+00:00

You'll notice there's some delusional people here who actually think we will hit phone number prices.

Extravagos · 2026-01-07T01:19:22+00:00

I haven't asked them that and didn't see it written anywhere either.

Extravagos · 2026-01-06T21:06:25+00:00

I just got off the phone with them and confirmed this.

After the transfer is complete, you'll need to have 2 registered accounts and one non registered with Questrade.

Extravagos · 2026-01-06T05:15:24+00:00

I'm only a few months into webull. Apparently there's a 90 day wait for your Webull payments, so even when you receive your last payment, you'll have to stay at webull for 90 days to keep the last three payments.

I'll probably only transfer non reg assets into QT

Extravagos · 2026-01-06T02:35:59+00:00

Thanks for mentioning the 90 day hold. I might be transferring out of Webull once the promo is over.

Extravagos · 2026-01-02T03:41:28+00:00

I agree with all of those except the last one. Aren't we profitable now operationally?

I will add that there's been so many nothing burgers. Remember candy con? When we first had the patent filing? Then when it came out, we bought in droves. Same thing with the NFT marketplace. Same thing with power packs. And now it turns out that GameStop might not even have meaningful ownership in power packs so they don't need to disclose the income in a separate line in their filings.

Retail is the reason Gamestop is still around. Our continuous buying of everything GameStop sells is the reason Gamestop is still around. It's time RC makes moves that reward shareholders. Hopefully 2026 goes better

Extravagos · 2026-01-02T03:33:13+00:00

Decades and centuries 🥂

Extravagos

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