DRS Your GME

I wanted to show a few examples with pictures to illustrate how inexpensive it can be to buy 100 votes

I am going to show pictures of each ticker with me going long 100 shares, short a call, and long a put. The call and put will be for the same strike and the same expiration. At the very end will be a summary table of upfront costs, losses/gains, and then some additional comments.

Please note:

• This assumes no early exercise, which is a risk to this.
• This assumes what is displayed on the ticket can be filled. Technically, it will not fill as optimally, but the gist of this is the key.
• This is all based on data from thinkorswim pulled around 11:30am on 3/30/2023.

Examples

TLDR Summary

• GME: for $2.4k, you can buy 100 votes and you’ll lose is $88
• Robinhood: for $1.1k, you can buy 100 votes and you’ll gain $13
• AMC: for $0.7k, you can buy 100 votes and you’ll lose $138
• Apple: for $16.8k, you can buy 100 votes and you’ll gain $194
• Microsoft: for $27.4k, you can buy 100 votes and you’ll gain $141

For 5 different tickers, this shows how you can shed some or all of your economic risk and have full voting rights. This is empty voting!