nursur2011

Could be anyone. What matters is whether they're covered calls or not. I don't know if that info is available. If it's a covered call the seller of the option has the shares, so they essentially sell them to whoever bought the option and decided to exercise the option. If they're not covered, then they have to go out and buy them.

>I think these realizations are why much of the r/WSB discourse over the past two days has shifted from "we're going to be millionaires" to "i'm just in it at this point to stick it to the man".

I think that's more the activist crowd that has joined over the past week. I have a hard time believing the original r/WSB people care more about making a political statement instead of money.

I'm not sure there really is much systemic risk. It's pretty clear that there are many mechanisms in play to prevent that (just look at the buy restrictions the past 2 days). There are circuit breakers, they will stop trading before this stock goes astronomical. They will just have GME issue more shares is my guess if things get dicy.

Yeah, I have a hard time believing it's just small retail investors.

the 6-8 days to cover is based on historical volume is my understanding. If volume spikes 10x in a day they cover much faster. Besides, this assumes 100% covering, why would they do that vs. just incrementally?

Well said. Racism and discrimination based on physical and protected traits is now somehow good again. What a world we live in.