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All: I am new to options trading and trying to wrap my head around a question I hope to articulate related to GameStop and the now famous Deep*******Value. DFV had, I believe, 500 Call options that were set to expire Friday. He had bought the Options last October I believe when the stock was $8 per share and he set a $12 strike price. As off Friday, GME closed at $156. Obviously, his Call options would have tremendously in the money. It is my understanding that DFV executed his right to buy the shares at the $12 strike price.

So, he would have purchased 50,000 shares at $12 per share for a total of $600,000, if my math is correct. Here is where I am stumped. The value of his Calls,deeply in the money, would have grown so tremendously that even after executing those calls at $12 a share, he would have still had money left over after purchasing the shares... Would he have pocketed that left over money? Or am I not thinking this through the right way?

Any help to walk me through the math would go a long way toward helping me learn.

Thanks!
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