3 ms·
Looks like a massive attack. I wonder if the goal of the attacker is to short the stock.
by ketamine__ 5y ago
Looks like a massive attack. I wonder if the goal of the attacker is to short the stock.
- actually_a_dog 5y agoShort interest on WDC isn't absurdly high, so, if that's the motivation, it's a pretty risky move to make not a lot of money. https://www.nasdaq.com/market-activity/stocks/wdc/short-interest https://www.nasdaq.com/market-activity/stocks/wdc/short-inte...
- Jarwain 5y agoYou don't need short interest to make money shorting the stock. Short interest is useful for trying to squeeze people shorting the stock. To make money off shorting the stock, all you need is for the stock to drop in price
- gruez 5y agoI think his point is that the short interest is low, therefore it's not that heavily shorted, so if the attacker was doing the hack and shorting the stock to make money on the dip, he wasn't shorting enough to make that much money. Either that, or the attacker didn't short the stock in the first place.
- weird-eye-issue 5y agoThat would be a silly point. Puts don't even show up in the short interest and are a great way to short a stock.
- gruez 5y agoThey do, indirectly because market makers hedge the puts they sell by shorting the underlying. https://www.investopedia.com/terms/d/deltagamma-hedging.asp https://www.investopedia.com/terms/d/deltagamma-hedging.asp
- weird-eye-issue 5y agoNot every put seller gamma hedges. And the extent to which they do depends on how ITM the option is.
- deleted 5y ago[deleted]