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A comment on Ask HN: How is GME not a pump-and-dump?. Parent comment

Re:Ask HN: How is GME not a pump-and-dump? by TuringNYC on Saturday January 30, 2021 @08:33AM (#25968902)
FYI the equity derivative might solve the money pit problem in theory but not if the instruments are in separate net margin accounts — then you may still get margin calls from one counter-party even when the other is showing you a gain.
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Re:Ask HN: How is GME not a pump-and-dump? by nowherebeen on Tuesday February 02, 2021 @11:07AM (#26002642)
Seems like they opted for purchasing long call options and short put options; effectively, locking in their losses. Will be interesting to see how this ends. Either the price drops back down to a reasonable price, they can exit their position, or they will continue to delay closing their position. Either way, it will be awhile because this plays out.
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