Like when it’s down 15 cents, how many million did that cost them?

I’m assuming that every day hurts and bleeds.

  • Gradually_Adjusting@lemmy.whynotdrs.org
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    1 year ago

    Their financial instruments are so byzantine and dynamic that probably only one of their quants could tell you. It’s probably less than could be hoped, given the level of corruption inherent to the system. Remember that literal crime is profitable even when you get caught, in Wall Street.

  • regolith@lemmy.whynotdrs.org
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    1 year ago

    When I think they could just use that money to buy actual GME shares I realize they have probably shorted the float way too many times for that to provide them a reasonable way out.

  • doing_donuts@lemmy.whynotdrs.org
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    1 year ago

    /theydidthemath, anyone?

    Daily short vol * share price * borrow rate that day, accumulated over time… I feel like that’s the gist of it, but also like it’s missing something wildly significant.

  • TheKudzu@lemmy.whynotdrs.org
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    1 year ago

    There are a few factors past the math equation we can’t see. How long the borrow them. Special side deals with lenders and I’m sure other factors.

    Even worst case, for them, it’s pocket change, a rounding error.

    Thing is they can’t close without buying a real share.