Is this still in progress? Can we "gamestop" them? That would be fantastic.
You sure can "Gamestop" 'em. See if blebbit will do it again.
If that happens, they only have $1B under management, it would ruin them.
does the put option not shield them from that?
No, I don't think it does. Rather it massively exposes them. That is kind of the point.
That is why several trading platforms told the "small investor" to fuck off and die when the gamestock thing was going on.. Because it was going to damn near bankrupt several large hedge funds that thought they had a sure thing (corrupt intentional bullshit).
So they are the one that sold the put, not bought it? I'f I am getting this right, the person that buys a put is saying that they will pay someone else a fee if the other person agrees, and is required to buy something from the buyer at a set price at a date of the buyer's choosing not to exceed a limit, but the buyer is not obligated to sell it. So at most the buyer could lose is whatever the fee is, and what ever the difference of the set price is, IF the set price is below the market value.
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