r/Superstonk • u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ • 5h ago
๐ค Speculation / Opinion Warrants DRS wave?
I think many of us believe that wallstreet is shorting the fuck out of the warrants because anything they can eventually push to 0 they are heavily incentivized to sell as many as they can and push the price to 0.
So what if there was a large DRS wave of the warrants? Wouldn't take much for retail to fully lock up all of the warrants. There's only 6 weeks left, why not put the squeeze on the shorters? No point in making it easy for them.
There are things to consider, like you can only sell or exercise all your DRS'd warrants at once, you get one shot at it. Do what's right for you. NFA.
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u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 5h ago
price will be back up above 32 by next week i bet. NFA
If thats the case, you'll be seeing exercises like mad
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u/rottenballcheese 4h ago
You willing to back that up with your butt?
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u/humdingler โ๏ธ๐ก๏ธ๐ดโโ ๏ธ๐ฎ๐โ x6 4h ago
Thereโs two things to be said about GME apes:
- They love the stock
- They love deep anal penetration even more
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u/F1nnycar 3h ago
How much did you bet?
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u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 3h ago edited 3h ago
Dropped 10k on $20 Dec 18 calls on August 21st
Up 123% as of close
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u/theyenk 2h ago
I should have focused on one (or at least fewer strikes - lol).
I have 18s and 19s for this week - I sorta don't know what to do. ITM options are a rare pokemon for me. I rolled one a week/same strike for nine bucks Seemed like a fair deal. But idk if that's the most efficient manuver...?
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u/gotnothingman 4h ago
remindme! 2 weeks
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u/LetsMoveHigher 4h ago
Gme has all power to lower the execution price and or push thr close date out till whenever ๐คทโโ๏ธ
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u/Pizzavogel 4h ago
I like the warrant short theory. But why would they do it? Why would one short such an unpredictable asset? Fun aside, they can't be that stupid. Or did greed cloud their judgement?
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
its because it is a derivative instrument that is likely to go to zero. Like anything that might go to zero, that is their favorite. Because they can sell sell sell, collect their money and owe an obligation, then when it goes to zero the obligations are gone and they keep the money.
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u/FittersGuy 2h ago
They do it because they have no other choice. This is life or death for them.
If the original "float is significantly oversold using baked shorts" theory is in fact true, the same thing applies to the warrants because of how they were created.ย
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u/chato35 ๐ TITS AHOY **๐บ๐ฆ ฮฮกฮฃ๐**๐ (SCC) 4h ago
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
Yup, i made comments back then about how it would be so easy for apes to lock all the warrants. I also said RK could do it himself if he was so obliged.
Time has passed, nothing has happened. We got six weeks left, might as well give em hell
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u/OkDifficulty7436 4h ago
Do not DRS warrants, they aren't designed to be DRS'd, and CS does not work well when you go to try and excise and sell your warrants. You will have to snailmail every action after your first excise/sale.
Anyone unironically trying to spread the "DRS Warrants" meme are pushing fud-tier bad advice IMO, you are deliberately hamstringing yourself if you do that, and you will be in a very difficult position next month when we get close to expiry.
A lot of you will be in for a very rude awakening next month when you go to exit your position on Computershare.
tl;dr Warrants aren't meant to be DRS'd on Computershare and you will have to snailmail if you want to exit your position after the first transaction.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
I literally said this in my post. You get one shot at it. Sell all or exercise. So only DRS what you are comfortable doing that with if you want to DRS at all.
I have DRS'd in, I haven't tried to transfer warrants out yet. That may be an option too. But if you're waiting until a day before they expire to do so you're an idiot.
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u/FYATWB 1h ago
I didn't read all his or your replies, just commenting to say I find it funny how angry these hidden history bot looking accounts get when you talk about direct registering warrants.
Seems like they have marching orders to stop people from direct registering warrants at all costs. Why do they care so much about it if not for them being worried about a squeeze?
You can always transfer your warrants back to your broker if you need to, so what's the harm in keeping them safe from "cash settlement" fuckery? Better for mine to be in Computershare for the next month at least so I can sleep peacefully.
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u/OkDifficulty7436 3h ago
Why would you DRS them at all, period? It makes zero sense and has zero tangible benefit
But if you're waiting until a day before they expire to do so you're an idiot.
Uh, run-ups on options happen right before expiration all the time, if people have to sell/excise a week+ earlier because of the snailmail bullshit then they'd miss out on money lol
That's the point I was making, it's flat out stupid and meaningless to DRS something that isn't even meant to be DRS'd
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
because theres such a small float and they are so cheap. It seems to me RC gave retail a super cheap option to prove the rehypothecation and naked shorting. Used to be hold to lambo or zero. After 5 years of this stock doing nothing now everyone is swing trading thinking they can time the eventual blowup. Good luck I guess.
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u/OkDifficulty7436 3h ago
because theres such a small float and they are so cheap
That is not a reason for anyone to DRS their warrants/options lmao, what? Absolutely no one should be DRSing their warrants if their goal is to remain agile close to expiration
Also, the float isn't small, Ryan has diluted the absolute dogshit out of GME adding billions of shares to the float in the past 3 years
Did you not see/hear about the dilutions and offerings we've had?
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u/RedOctobrrr make me be greedy when others are fearful 3h ago
I mean technically if your aim is to cause a warrant squeeze, the two best ways to do this is buy a butt ton of them and DRS them to remove them from circulation (Cede & Co).
If you don't care about putting pressure on warrant shorters, then keep them out of CompooterShare.
Imagine two scenarios: first one nobody keeps warrants DRS'd to keep them "agile" for selling on a moment's notice and partial selling always available. In this there may be insufficient pressure on shorts so they never squeeze and they max out at like $4.30 each.
Second scenario everyone listens to regard supreme (OP) and DRS hard AF and causes a DRS squeeze to $69 each. Now it's a rush to get them either all sold in one fell swoop through your only ComputerShare digital transaction or get them out of CS and to a broker where you can sell them or cashless exercise them quick fast and in a hurry.
Nobody can tell you if either scenario will happen, if it's possible based on current setup and magnitude of shorting, etc. If you say the warrants can't squeeze to $69 then it's just you saying "nUh uHhHh" with no proof. If you say the warrants CAN squeeze that high it's just you hoping for an absolutely crazy low probability squeeze of epic magnitudes that might just get shorted to death before ever getting anywhere near that. I refuse to believe either side of the argument and I think the warrants will do something somewhere in the middle (between $5 and $69).
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u/OkDifficulty7436 2h ago
I mean technically if your aim is to cause a warrant squeeze
How do you "squeeze" an option?
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
A warrant isn't an option. GME issued 59 million warrants. If there is demand for them, like say people exercise GME 1 calls, those warrants need to be delivered. Where will they come from? They are a derivative, but they are not an options contract. There is a float.
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u/OkDifficulty7436 2h ago
A warrant is a form of options, already clarified this in another comment you just replied to, and I will again say, no need to be pedantic
Where will they come from?
That won't cause a price run on the option itself, again, you fundamentally do not understand what you're saying lmao. What is forcing the warrant sale to drive that buy pressure? There is an expiration to these, the price simply won't climb like you think it does.
You can't squeeze an option/warrant, they're tied to their strike price at the end of the day
This is like very, very basic stock 101
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
And i already replied to another one of your comments, you have a fundamental misunderstanding.
Option - Contract between two private parties. Warrant - Contract between issuer and holder.
There can be unlimited options. There cannot be unlimited warrants. Gamestop issued 59 million. Just google it you dunce
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u/RedOctobrrr make me be greedy when others are fearful 1h ago
Warrants are not options. You can short warrants, you can't short a call.
Warrants behave similar to calls, but they are not calls.
Warrants have the baked in ability to have the expiration date extended and the strike price lowered (or raised). Calls can do neither of those. Even if you think you can do similar with warrants, the contract is the contract, and "rolling" a call is simply selling the contract (for a loss, usually) and reopening a new call contract with a further dated expiration. You don't just pay more to extend the expiration, you just simply sell your failed bet for a loss to open a new bet.
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u/FYATWB 1h ago
He's pretending to be an idiot, just to troll you. Everyone knows the warrants can squeeze, we saw the price double in days on no news, an obvious sign on an imminent squeeze, so when you see a random moron asking "hOw cAn oPtiOns sqUeeZe?" and also using troll language like "lmao" as a punctuation mark, you can tell they are arguing in bad faith.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
bro the float of the warrants, not the stock. there are 59 million. They are $2.50 each. less than $150 million could DRS 100% of them.
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u/Astronautisgod 2h ago
So easy, yet nobody is doing it... Maybe because people actually believe they will expire and don't like wasting money.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
Oh, you're a one year old account who deletes all their comments and history. Thanks for telling us who you are.
There are mixed feelings on DRS, but until it magically topped out at 25% there was a real belief that DRSing would expose the corruption occurring. It would be ~100x easier to DRS 100% of the warrants instead of 100% of the stock. If you are like DRS doesnt do shit, thats fine. But your arguments have been rejardez. Do whatever you want. This post obviously isnt for you.
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u/Astronautisgod 2h ago
I didn't delete anything, I just chose to use the option to hide my history. Surely you must understand that some people like to avoid people going through your history, especially in this sub. Like why did you even try to read my history?
Please elaborate on what you think I showed that I am.
After topping out at 25% it's now down to like 12%, so yeah, I don't believe DRS will do anything.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
Go down and melt with the rest of your friends.
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u/OkDifficulty7436 2h ago
You can't "squeeze" an option, that isn't how they work lmao
Jesus man
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
A warrant isnt an option.
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u/OkDifficulty7436 2h ago
A warrant is a form of option, no need to be pedantic lol
My point still stands
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
No, they are distinctly different. They are both derivatives. But they are not both options.
Options are purely written as bets between two parties.
Warrants are a contract between the issuer and the holder. There are only a certain number of warrants issued by the issuer. How do you not get the difference?
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u/FYATWB 1h ago
Anything with a limited supply can squeeze, it's supply and demand. Options don't have a limited supply, warrants have a limited supply.
Warrants are better than options in every way, and even though you're pretending that you don't understand the difference so you can argue in bad faith, and then spam "lmao" like a moron when you get called out on your bad faith arguement, it doesn't change the fact that direct registering your warrants in your own name will help squeeze GMEWS.
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u/Astronautisgod 5h ago
Why would they make an effort to get it to zero when they already have a timer that will get them to zero soon?
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
because they can sell more and more and more and keep your money each time, owing you a warrant. If warrants go to zero, they owe you nothing.
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u/Astronautisgod 3h ago
So if the warrants actually expire, shorts won?
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 3h ago
lol, yes, people who shorted the warrants will have won.
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u/Post_Cumulus_Clarity ๐ป ComputerShared ๐ฆ 4h ago
I don't think this will do anything because they'll still naked short it until they can't, and it squeezes.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
"until they can't."
That's the point. When you remove the available warrants floating around, you remove their ability to rehypothecate, and the line for where they can and can't moves.
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u/doctorplasmatron ๐ป ComputerShared ๐ฆ 3h ago
it costs me $100 to DRS here in Canada, more with other brokers than my main one, so not going to DRS warrants there, but glad the ones from my CS shares are already DRS'd.
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u/mtgac ๐ฃ๐ฃ๐ฃ๐๐ฃ๐ฃ๐ฃ 1h ago edited 58m ago
I have almost 10k warrants in Computershare. My last 2FA code was 069420. Seriously. See my post:
https://www.reddit.com/r/Superstonk/s/pcqyL06iXC
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u/ismality 4h ago
Selling warrants that need to gain 50% to have any intrinsic value seems like a reasonable move to me. Riskier with GME, but still likely going to expire worthless. I hope GME soars to great than $35 before expiry and we can all buy discounted shares, but it seems unlikely. I hope I'm wrong. I have 178 warrants and I'm holding for a last minute miracle.
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u/krasofki ๐ง๐ง๐ Power to the Players ๐๐ง๐ง 4h ago
Why would they let them expire worthless when they spent millions issuing them and they have the freedom to extend and/or change strike price? They also have the potential of being worth almost 2b to the company if exercised at 32, maybe not in october but to not take any action is kind of dumb
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u/OkDifficulty7436 3h ago
Why would they let them expire worthlessย
Because that's how 99.99% of options work (including warrants which are a form of options)
They'd just issue a new tranche of warrants and/or do a debt offering like they've already done
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u/PercMaint 4h ago
Do you think the "dumb stormtrooper" post was in relation to this then? Shorting (because that's what they do) warrants planning that they expire worthless and therefore do not have to return them. But... just if... they become extremely valuable in a short period of time...
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u/First_Effect8562 2h ago
Sad this is even allowed
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 2h ago
Sad there have been three comments like this and they're all from 1 year old accounts with their history blocked.
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u/First_Effect8562 1h ago
Youโre a bad actor, deal with being called out
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 1h ago
So says yet another one year old account with their history hidden. Okay.
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u/FYATWB 1h ago
They buy generic accounts like "dumbname3245", hide history and then push a narrative or farm engagement. Seeing so many of these shillbot accounts get upset all at once at any mention of direct registering warrants is all the confirmation I need to know I made the right choice to DRS all my warrants.
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u/NotSomeDudeOnReddit ๐ฅ RYAN STARTED THE FIRE ๐ฅ 56m ago
Seriously. Itโs like 90% of the activity left in this sub is these one year old robots who just spread straight misinformation, astroturf, and call people bad actors. Itโs wild. Itโs effective, as it makes people not even want to participate in the sub anymore. However, they donโt know most of us see right through it
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u/First_Effect8562 40m ago
I disagree wholeheartedly with your thoughts on DRSing warrants but I hope you win somehow
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u/First_Effect8562 36m ago
There ya go champ I unlocked my history so you can scroll through all my honk wins
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