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It's not just Schwab, there aren't any options traded on BIRD. And shorting is not a guarantee. First you have to find a borrow, which if it's available probabl
by ProjectArcturis 6mo ago
It's not just Schwab, there aren't any options traded on BIRD. And shorting is not a guarantee. First you have to find a borrow, which if it's available probably costs >1000% annualized today. Then you have to be able to maintain that borrow, even if BIRD doubles from here.
Based on the price action today, this seems like a short squeeze.
- eudamoniac 6mo agoYes, I understand the basics of shorts.
- ProjectArcturis 6mo agoSure didn't seem like it.
- eudamoniac 6mo agoI would have closed already and made huge profits, so I guess I was right. Weird series of replies here.