ST Alpha - "this is a reddit post from 4 days ago on the subject (no idea if accurate, but appears to make sense)" (Reading a Post)

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In response to "I have a question, how can something be more than 100% shorted? -- nm" by ty97

this is a reddit post from 4 days ago on the subject (no idea if accurate, but appears to make sense)

Posted by Beaker (aka Anniebecca) Jan 28 '21, 04:29

Shorts got too greedy... you can technically borrow shares that are already owned (RH does this and doesn’t pay you your deserved interest for it btw) so that’s how it can exceed 100%.

A way to avoid having your shares borrowed by shorts is to set an excessively high sell limit. This locks your shares in an active trade preventing them from being borrowed.

Either way GME shorts are trapped and the squeeze is beginning, will be very interesting to see how this plays out. Barely any shorts covered Friday, it seems that was just an options gamma squeeze. Proceed with caution if you plan to play but if not the show will still be fantastic. Goodluck!

Responses:

First set of options expire tomorrow. Should be interesting. -- nm - Reagen Jan 28, 04:39 3
- ELI5 -- nm - ty97 Jan 28, 05:26 2
  - When an option expires you have to make the choice to exercise it or let it expire worthless - Reagen Jan 28, 05:36 1
    - (There's people with options to buy at 0.50 ...like fuck you're not gonna execute that if you can) -- nm - Reagen Jan 28, 05:59
another thing I found, ties into the greed mentioned in the above post - Beaker Jan 28, 04:32

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this is a reddit post from 4 days ago on the subject (no idea if accurate, but appears to make sense)

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