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FYI the equity derivative might solve the money pit problem in theory but not if the instruments are in separate net margin accounts — then you may still get ma
by TuringNYC 6y ago
FYI the equity derivative might solve the money pit problem in theory but not if the instruments are in separate net margin accounts — then you may still get margin calls from one counter-party even when the other is showing you a gain.
- nowherebeen 6y agoSeems like they opted for purchasing long call options and short put options; effectively, locking in their losses. Will be interesting to see how this ends. Either the price drops back down to a reasonable price, they can exit their position, or they will continue to delay closing their position. Either way, it will be awhile because this plays out.