-$37.00 is a distress price, just for the unwitting investors who agreed to play “Hot Potato: Bloodsport.” By definition, you’re looking at the price for peop

-$37.00 is a distress price, just for the unwitting investors who agreed to play “Hot Potato: Bloodsport.” By definition, you’re looking at the price for people who wouldn’t want to play, if they could avoid playing. They are literally over a barrel. If they don’t get out, the broker gets to screw them even worse at the deadline. Volume was up, because some people were going through heroics to close their position at all costs. But the end of day price is for those who got screwed: the truly unaware who didn’t realize they were out of time, or didn’t think about it going past $0. It’s probably relatively few people, despite today’s volume. When you lose control, someone agrees for you that you’ll pay $37/bb to get out.