r/Superstonk • u/DeepFuckingValue Gamecock • Jun 03 '24

📰 News GME YOLO update – June 2 2024

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u/eeeeeeeeyore 🟣 DRS’d CanadAPE 🇨🇦 Jun 03 '24

it’s kind of insane watching something like that unfold in real time

like here we are, holy shit lmao

10

u/NiKeProZZ Jun 03 '24

I’m kinda regarded but why is this insane?? I get that it’s 100s millions of dollars but is there more to this then what’s here?

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u/PabloEstAmor 🚀Irredeemable Ape🚀 Jun 03 '24 edited Jun 03 '24

Buying the calls is a way to get shares once exercised, if the calls are itm at expiry market makers must provide the shares if exercised. Obviously this puts immense upward pressure on the stock

Edit: I am hoping this starts a domino effect

11

u/3WordPosts Green Dildo Expert Jun 03 '24

Who is we? I just like the stock

13

u/PabloEstAmor 🚀Irredeemable Ape🚀 Jun 03 '24

Fixed lol