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So for 72 puts they opened at 13.54 and hence it's 1100 $ gain per contract The 60 puts are 3.25$ hence gain is 300$ per contract Assuming hindenburg bought a

So for 72 puts they opened at 13.54 and hence it's 1100 $ gain per contract The 60 puts are 3.25$ hence gain is 300$ per contract Assuming hindenburg bought a 1000 of each 1100000 on the 72 puts and 300000 on the 60 puts as Sq block is now trading at 58$ much to jacks chagrin That's a cool 1.4 mn $ Is this legal if so why isn't everyone doing it?!

hef19898 4y ago
Because it is extremely risky, even if you are right, and extremely capital intensive. That being said, there are loads of short sellers out there doing exactly that, all the time, with all kinds of companies.