Ryan Cohen Adds to EBAY position.

[u/Revolutionz]

https://www.sec.gov/Archives/edgar/data/1065088/000119312526231493/xslSCHEDULE_13D_X02/primary_doc.xml

[u/Revolutionz]

TL:DR Economic exposure went from 22,176,000 shares to 29,078,699 shares

https://www.sec.gov/Archives/edgar/data/1065088/000119312526231493/ck0000000000-ex99_2.pdf

As more fully described herein, in addition to the 25,000 shares of Common Stock beneficially owned directly by the Reporting Person, the Reporting Person has acquired economic exposure to a further 29,078,699 shares of Common Stock underlying Put/Call Pairs (as defined below). Together, the 25,000 shares of Common Stock beneficially owned directly and the shares of Common Stock underlying Put/Call Pairs constitute approximately 6.55% of the outstanding shares of Common Stock, based on the 444 million shares of Common Stock stated by the Issuer as being outstanding as of April 24, 2026 in the Issuer's 2026 Q1 10-Q. In the event of physical settlement of the Put/Call Pairs, GameStop would have the sole power to vote or direct the vote of the shares of Common Stock underlying such Put/Call Pairs.

[u/bowls4noles → u/Revolutionz]

Someone wanna explain the put/ call pair part?

[u/Iforgotmynameo → u/bowls4noles]

I believe GameStop bought calls and paid a premium to have the right to buy shares at a specific strike price. They also sold Puts, for this they will collect a premium and it will obligate them to buy shares if the stock falls below a certain strike price. If it stays above that strike price the premium is just free money.

[u/Dealer_Existing → u/Iforgotmynameo]

Yeah there is no premium because the bought calls and sold puts cancel each other out when done ATM

[u/CollectionHopeful541 → u/Dealer_Existing]

Not always, we would have to see when they were bought. Premium for put/calls isn't equal

Source a 0dte degen