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How the GameStop Hustle Worked
- justinsaccount 5y ago> u/broccaaa wanted to prove the manipulation, how naked short sellers can acquire shares and close the FTDs. He designed an algorithm to detect a type of option known as a “deep in the money (ITM) call,” which allows buyers to purchase shares significantly below the market price. Thats not how any of this works.
- weird-eye-issue 5y agoIt hurts reading that. 1) You don't need an algorithm to "detect" ITM options. The volume for the options chain is easily available information. 2) It doesn't allow buyers to purchase shares below market price once you account for the option premium.
- EMM_386 5y agohttps://archive.is/sRScu https://archive.is/sRScu