Re:The Battle of GameStop
by Centigonal on Monday January 25, 2021 @10:24PM
(#25912109)
Is Citadel really making a lot of money from the GME squeeze?
I know they rebate Robinhood for order flow (I've even commented about it [1]), but I thought events like this were hard for MM firms to capitalize on because of the unpredictable nature of the price action and the high cost of hedging (there are no shorts available, how do you even delta hedge in that situation?).
I know they rebate Robinhood for order flow (I've even commented about it [1]), but I thought events like this were hard for MM firms to capitalize on because of the unpredictable nature of the price action and the high cost of hedging (there are no shorts available, how do you even delta hedge in that situation?).
Am I missing something?
[1] https://news.ycombinator.com/item?id=25217794