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Isn't that what's happening? Melvin Capital sold a share of their revenue stream for billions in cash to avoid being margin called. That's not exactly "winning"
by alexeldeib 6y ago
Isn't that what's happening? Melvin Capital sold a share of their revenue stream for billions in cash to avoid being margin called. That's not exactly "winning" but it's a way to save their butt at a lower loss, perhaps.
https://www.zerohedge.com/markets/first-casualty-big-short-squeeze-melvin-capital-gets-275bn-bailout-citadel-point72-after https://www.zerohedge.com/markets/first-casualty-big-short-s...
- electriclove 6y agoYup. It looks like several of their other short holdings have been feeling the squeeze as well: FIZZ, AMC, SPWR, etc https://www.zerohedge.com/markets/here-are-all-melvin-capitals-crushed-put-positions https://www.zerohedge.com/markets/here-are-all-melvin-capita...