Yes but you won't have those options markets unless market makers can hedge. You need a market maker to be on the other end of those trades, and from what I can

Yes but you won't have those options markets unless market makers can hedge. You need a market maker to be on the other end of those trades, and from what I can tell, if market makers can't hedge then they either won't show up or will demand super wide bid ask spreads to make up for the delta risk I'm not a derivatives trader but have explored investing in options when I was at a fund, and that was my experience looking at options for hard to borrow stocks. For market makers out there -- is that a fair assessment?