It’s a very difficult stock to short
by DBCooper (2024-03-26 16:04:48)
Edited on 2024-03-26 16:07:04

In reply to: Check out the put prices. Ouch  posted by gregmorrissey

Cannot Reply Return to Political

Not many shares out there to borrow in order to short. And obviously short interest is heavy, so people are running to the put options to express that negativity. Hence the puts are expensive.

Trump owns 60%. There is no way that he is lending out...
by EricCartman  (2024-03-26 19:24:55)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

shares so that people can short this thing.

I wonder if he is legally allowed to sell deep ITM calls that expire in six months. That could be one way to raise his bond money...
Shouldn't there be zero for 30 days post IPO?
by AIRBORNEIRISH  (2024-03-26 18:35:54)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

You think the underwriter is lending out shares to short while acting as underwriter? I'm a bit out of my depth but feel fairly certain that should not be happening.
Only underwriters can’t lend for 30 days
by DBCooper  (2024-03-26 20:30:36)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

institutional and retail accts can lend out their shares for shorting.

IPOs always have a limited amount of shares to borrow in the beginning, but this stock has an exceptionally low number vs the average. It being a SPAC makes it even more difficult to borrow in the beginning. Alot of the normal institutional investors don’t get involved in SPACs
Back to EC's point though - DJT owns the vast majority
by AIRBORNEIRISH  (2024-03-28 11:43:24)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

of shares, the underwriters have some, and there aren't really any institutions involved in normal scale. So it seems like there shouldn't be many shares to short. Is naked shorting still a problem? Yes I've been out of the game that long.

This is very interesting stuff.
by airborneirish  (2024-03-26 20:54:54)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Cannot reply

The game has passed me by long ago and I don’t do anything that touches momentum type thinking.

I’ve learned many a time you can be right longer than you can be short. I wouldn’t want to be on the other side of this trade.
That said hahaha - not a single bruiser brand company has such shit financials. Fuck you Donald you fraud.