When capitalism turns and bites the capitalists Rubbing eyes and watching with mouth open Help me with my math here, if the short interest is 150% of the shares outstanding, theeeeen... how exactly could all the shorts be covered??
On their knees begging for mercy, safe to say can't afford to close. The small loan was swallowed whole in a matter of hours. They are desperate for shares, they met their match on this one. They have NEVER been in this position before. There was a very interesting disclose from BLACKROCK. The SEC can't help them, and we are witnessing the short squeeze of a lifetime. Personally, I along with millions are enjoying every second of it, greed and stupidity. They are helpless. Bet they don't go short above the float ever again. LOL.
Short at 40 per share, cover at 350 per share. IF then can even aquire the volume they need. Just like the rest of the world. They are getting what they deserve, point blank.
Im still trying to understand these put options lol This is definitely the most entertaining market I have seen since the tech bubble!
BINGO. This is a once in a lifetime event, the next 2 days will be even more interesting. Watch,learn,listen. You ain't seen nothing yet. Movies and book deals are in the making.
Gil you could loan a few billion at 5% 5 year fixed if they put up their real estate and toys. Help out the ole boys, they are innocent victims.
The big risk here for an option trade is that the SEC comes in with a 10-20 day halt. Suck all the implied volatility out, both puts and calls are killed. Unless you are selling, but that comes with the own set of risks.
The MMs shouldn't be able to sells contracts that they don't own shares for. Problem solved. That is another issue, IF a small percentage of the call holders exercise "some probably will" then this will get even more interesting. There aren't enough shares to go around. After this blows over, we will see some changes.
GME holding above $300 which is insane! This is getting into some strange territory. Is anybody going to dare short this yet?
Interesting to see what it falls to after the point is proven. Friday is the big day, after that surely going south? At this point, TA FA is pointless
