So your thesis is that they shorted 140% of the available shares, but they

are covered by options, so it isn't an issue?

That's my confusion. It isn't naked if you buy options on the other side? The shorted shares that aren't available is obvious. It isn't debatable.

You are saying that options on the other side make it OK?

In response to this post by GreenvilleVT

Posted: 02/02/2021 at 09:55AM

Not a trading card guy here but.... -- VT CJ7 02/01/2021 8:05PM

Got at least one of each. I have a huge MV1 card collection. -- MikeVT85 02/02/2021 6:55PM

Round up about 2 million people on Reddit. -- GreenvilleVT 02/01/2021 9:15PM

Nobody on Reddit thought that GME was worth $300/share. They were able to -- CochraneResident 02/02/2021 06:29AM

Illegally naked? Please explain. ** -- GreenvilleVT 02/02/2021 08:16AM

See below.. -- CochraneResident 02/02/2021 08:37AM

Their short positions don’t have to be done just -- GreenvilleVT 02/02/2021 09:24AM

You mean with puts? If so, then you don't know what you are talking about. ** -- CochraneResident 02/02/2021 09:26AM

Sure. You are correct. ** -- GreenvilleVT 02/02/2021 09:30AM

No. Explain this magical option short that you speak of. Sorry to interrupt ** -- CochraneResident 02/02/2021 09:32AM

Synthetic shorting. It’s a thing. -- GreenvilleVT 02/02/2021 09:37AM

And that is reported as a short? I'm learning something here. This is news. ** -- CochraneResident 02/02/2021 09:43AM

Nope. It’s not a publicly disclosed thing. -- GreenvilleVT 02/02/2021 09:49AM

So your thesis is that they shorted 140% of the available shares, but they -- CochraneResident 02/02/2021 09:55AM

They actually shorted over 170% -- GreenvilleVT 02/02/2021 10:37AM

Yep and here is the thing...I always knew hedge funds/wall street -- HokieForever 02/02/2021 07:41AM

What I don't understand is the media story..it defies logic -- Vienna_Hokie 02/02/2021 08:43AM

Yep, they were shorting the stock in order to kill the company ** -- EDGEMAN 02/02/2021 07:46AM

Nice! ** -- MP4VT2004 02/01/2021 8:30PM

You've quadrupled your investment. ** -- BobG 02/01/2021 8:30PM

So your thesis is that they shorted 140% of the available shares, but they

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