What happens if there are no stocks available to fill Keith Gills options?

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It is our chance to get back a little against them

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LOL

Unless Gill won a Powerball lottery that I’m not aware of, he apparently doesn’t have enough account equity to actually exercise his ITM call options and take on 12 million (?) GME shares. In fact, unlike many put sellers, most call buyers do not desire to take long shares. Why? Because that would involve taking on additional risk in executing two transactions (exercise the calls and then sell the stock), instead of just one (sell the calls). And by selling the calls prior to expiration, they will still be priced at something above their intrinsic (ITM) value, whereas with an exercise, they simply go out at the original strike price.That wouldn’t be a wise way to maximize trading profits.

The most likely outcome here is that he will “sell to close” his long calls over some period of time.

But there is equity in his call option’s, the difference of what he bought them at to current prices. With that said, there has to be buyers (bids) for current calls of the stock for him to sell them and collect.

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If this is true, this guy is exposing the system for what it really is.

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He didn't have to come back and risk everything. He had more money than most of us would know what to do with. He could get added to a list of great American financial heroes.

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That could be important.

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I agree with that. But just judging by what I’ve learned about his trading strategies over the past few years, he’s not (at least not now) a YOLO amateur who would over concentrate his account with a single long equity.

I’m not judging him to be good or bad as a person. But as a trader, I believe that he’s developed some sharp skills over the past couple of years. And part of that is having an exit strategy (or multiple strategies) going in, and not relying on hopium in the middle of the trade.

Buying calls (or puts) is necessarily speculative in nature. But it’s also one that limits risk to the amount paid for the option. So when people suggest that he would increase his risk and at the same time take less profit by exercising (for some sort of ideological reason) than a sell to close the long calls would give him, that (to me) would be an odd trading strategy.

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this is true, this guy is exposing the system for what it really is.

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There is nothing illegal about selling a naked call option

I'm enjoying the absurdity in the system this exposes but framing it as the little guy vs the big guy is ridiculous in my opinion. It's old school influence vs new school influence and social media finance hustling is just as predatory as the establishment, or even worse.

I saw this comment on Superstonk Reddit yesterday on a post saying that the kitty (aka DFV) doesn't have to regularly update what he's doing with his position:

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Yes, DFV coming back in May was exciting. DFV posting positions sunday was exciting. But I'm still completely zen.

I've been holding for 3.5+ years. I've seen it all. It will happen. Just give it time and trust the process of Ryan Cohen, Keith and GameStop.

I've been poor my whole life. I can wait a little bit longer. I just want to see those rich fricks lose all their wealth.

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Guys like him are the prey no matter if the predator is a hedge fund or somebody selling trading courses through their Youtube channel.

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He is however showing how trading is a house of cards.

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Derivatives in general are a house of cards. That’s kind of how they work. Notional value of derivative market is like $750 trillion in the world.

MOASS tomorrow!

Or, maybe it will be the next day. Anyway, HODL. How is it wrong to buy and hold in a company you like and support?