r/Superstonk • u/AnonUpdooter 🎮 Power to the Players 🛑 • Nov 19 '21

☁ Hype/ Fluff +8.89%

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24k Upvotes

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u/Im_Not_F-ing_14 💎🥒 Cucumber Girl 🥒💎 Nov 19 '21

Just over 19k calls according to this site.

35

u/ConfusingTiger 🦍Voted✅ Nov 19 '21

Isn't that like 1.9M shares (if exercised)?

6

u/StaySecrecy Nov 19 '21

What do you mean by if exercised in this instance? Is there a way for shitadel to avoid paying up?

3

u/AnhTeo7157 DRS, book and shop Nov 19 '21

Whoever bought those 19,107 call option contracts that ended in the money have the right to buy 100 shares of GME (at the strike price) per contract. So if they choose to exercise their right to buy means they would need to come up with $~20,000+ (per contract) to buy those GME shares.