antidope
Supporter
- Jan 2, 2012
- 63,495
- 67,969
Yup... The funny thing is I played out with the idea of buying some puts after that because I fully expect this thing to crater into the ground once he is no longer so exposed but that was before this became a "fight against the regime".I'll only believe that when the GAWD himself says that.
But he'll have to sell those calls soon though. Aren't they like 04/12 expiration?
Or he can exercise them all for pennies on the dollar. Hes got, what, $11mm in cash? Pretty sure thatll cover most or all of the options contracts he owns. What'll happen if he takes possession of hundreds of thousands of shares in one day....
But see I don't think he does that. He's not THAT much into the stock. This was purely a mispricing play in his mind I doubt he really believes in the fundamentals of a business model that is clearly dead. He's selling those calls.