Maybe the Feds were being their bookies and giving them 100 to 1 odds
actually they did put options which can pay off 100 x more than you bet. (Watch the Video)
Who said Wall street isn't a gambling casino ?
By the way, the FEDS being their bookies is not far from the truth, considering when everyone goes belly up, everybody on Wall Street gets a big bail out.
Little guys get to paint " Where's my bailout"on top of their barns
You can't change the fundamentals that shares can't go negative, so even if you shorted all ~189 million outstanding shares worth $30.89 a share on July 12 you can't make more than the market cap of the underlying stock, so at most they could have made under $6 billion and only if they underlying shares went to the lowest value the exchange allows trading at. And their $12 million in call options isn't making anywhere near that.
Maybe the Feds were being their bookies and giving them 100 to 1 odds
actually they did put options which can pay off 100 x more than you bet. (Watch the Video)
Who said Wall street isn't a gambling casino ?
By the way, the FEDS being their bookies is not far from the truth, considering when everyone goes belly up, everybody on Wall Street gets a big bail out. Little guys get to paint " Where's my bailout"on top of their barns
You can't change the fundamentals that shares can't go negative, so even if you shorted all ~189 million outstanding shares worth $30.89 a share on July 12 you can't make more than the market cap of the underlying stock, so at most they could have made under $6 billion and only if they underlying shares went to the lowest value the exchange allows trading at. And their $12 million in call options isn't making anywhere near that.