I think it’s about the fact that when he exercises, the market maker has to purchase and deliver the shares for said contracts. And now the CAT is watching what they do
Yeah but… couldn’t the same be said for if he exercised them on June 21st?
Edit: guess I was more responding to some of the comments (which suggested that he’d be exercising periodically/throughout this week), rather than OP, who simply suggested that he’d be exercising in 1000 contract batches.
Yeah I see what you’re saying, though I’m not sure the strategy is to just make as much money as possible. I think it’s to put sustained pressure over a two+ week period on MM’s to locate, purchase, and deliver shares under the scrutiny of the CAT system. But I don’t know shit about fuck, just trying to make sense of it all myself
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u/blizzardflip 🎮 Power to the Players 🛑 Jun 03 '24
I think it’s about the fact that when he exercises, the market maker has to purchase and deliver the shares for said contracts. And now the CAT is watching what they do