2 ms·
Short traders and put option holders have to also get the timeline and technical factors right to get paid. See the debacle with LongFin. The right play was to
by ThrustVectoring 8y ago
Short traders and put option holders have to also get the timeline and technical factors right to get paid. See the debacle with LongFin. The right play was to go long and make money off borrow fees. The bears got hosed by a trading freeze that kept them from closing their shorts or from acquiring shares to sell for their expiring put options.
- timoth3y 8y agoTrue. That's why so many of them try to "leak" the problem to journalists after they have taken their short positions. I mean it's not a perfect system, but at least in the public markets, there is some financial incentive to expose deception.