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As an ex hedge fund / HFT options guy, I would be intrigued to know who is lending their stock out to be shorted. You'd think they have some incentive to stop l
by lordnacho 6y ago
As an ex hedge fund / HFT options guy, I would be intrigued to know who is lending their stock out to be shorted. You'd think they have some incentive to stop lending them out, especially if the options are pushing the gamma so short that the sellers need to cover. If the options guys are needing to buy but nobody can sell, that would seem to be quite good for someone who is holding the stock.
I'm not so sure about the soccer moms thing. The FT has a chart of how many small players there are, and although it's shot up it doesn't look huge to me. Seems to me the WSB crowd IS making money, but there's probably more institutions jumping on for a piece of meat too.
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- mannykannot 6y agoMatt Levine said this a couple of days ago: "Bloomberg tells me that short interest is 71.2 million shares, while GameStop has only 69.7 million shares outstanding." (As he explained in a footnote, this does not necessarily imply massive naked shorting.) I don't know how things have changed since then. Maybe this morning would have been a good time for GameStop to issue more shares?
- wp381640 6y agoChatter in the last 12 hours on discord and on the threads has been a lot about having holders call brokers to ask that their stocks not be lent out