Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by JumpCrisscross on Thursday January 28, 2021 @04:36PM
(#25949637)
> the perfectly executed short ladder today
I missed this. What's this referencing?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by dspig on Thursday January 28, 2021 @05:28PM
(#25950352)
Selling back and forth at a lower and lower price while WSB couldn’t buy to keep the price up
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by stainforth on Thursday January 28, 2021 @06:09PM
(#25950859)
> while WSB couldn’t buy to keep the price up
Yes which could be called the crime of these brokers
Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management - WSJ [0]
Read As: Melvin no longer has a short position. Citadel (edit: or like someone else said, a 3rd party) does. Citadel will handle this. Melvin is in time out.
We'll figure out who holds the chips in a few weeks time when filing deadlines are due. Thus it's dark.
Thus explains the perfectly executed short ladder today - could only be pulled off by someone with more dry powder than Melvin - but if you look at the Level II data, this is going to take a long, long time.
[0]https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...