This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
So I’m sure we’ve all seen fidelity and other brokers sending out the too good to be true offers (see: if it seems too good to be true, it always is) to lend your shares for one of the highest apys offered out there right now (42 %, 2nd only to Ater I believe by less than 1% - For reference they’re offering 0.5% for AMC and GME shares currently). Why would they do that one may ask themself? Because it’s cheaper than obtaining it on the open market. By a long shot. Buys them more time. Aka theta. The reason options value varies vastly depending on time until expiry not just current price and break even. Time is money. If we win the time battle while they try to win the money battle we win the war.
Oh and how bout anyone else notice some brokers lowered margin limits and requirements today aka increased your margin available with or without any increase in cash??? 🤔🧐 again why would they do that? Cuz they can lend your margin shares. They are, theirs, technically afterall. Let’s celebrate closing above 10 for the weekend if you look at the last 4 Friday closes (even through all that fuckery) and get jacked to the tits for the upcoming week. If this stock doesn’t get you from 6 to midnight then I’m assuming probably not much does.
Gentlemen, goodnight. Tendies, good morning.
🦍💎
Subreddit
Post Details
- Posted
- 3 years ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/BBIG/commen...