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What were the stocks? Where they hard to borrow? This is one other situation where calls are exercised early.

Calls or puts? Was the underlying hard to borrow?

Short rate of 920% if you can get it

Currently Dash Prime/Apex. But short stock rebate has been listed in the past with all my old brokers, Goldman, Merrill, etc. I think your original explanation is probably closer to the case. Short stock generates cash, a credit balance which you are paid on. The short stock rebate category...

Options listed today on PGY!

Thanks for the explanation.

Bob, If you are already short a stock when it becomes a Threshold stock are you forced to buy it in?

Short stock rebate is not the same as simply getting interest on a credit balance. As mentioned, my short stock rebate rate is slightly less than my credit balance rate. It is similar in effect as when you sell a stock short you generate a credit balance, but you are paid differently here, and...

Yes basically selling the stock short generates a credit balance which you are paid interest on. My rates are based on the Fed Funds rate. I pay a bit over for a debit balance, I get a bit under it for my credit balance. My short stock rebate rate is slightly under my credit balance rate.

This is not really true. You are paid a short stock rebate (yes you are paid to short a stock) when you short a non hard to borrow stock. While this may not happen in many retail accounts, this is the norm in professional accounts. Typical rates are usually slightly less than you would get...

They are now the 13th largest stock by market cap, overtaking Walmart. Pretty good with only 50 employees. No where to go from here but up, lol. Guessing it will be halted by the SEC pending an investigation soon.

I've been watching it, thanks for the post. Wish there were options on it.

Exactly on the locate. Nothing out there to borrow. Probably better off, will keep me out of trouble.

Anyone here trading this stock? Don't remember seeing anything like this in a while. Unfortunately, no options.

I got them when we were in Zimbabwe years ago. I think I paid $5 each for them. Funny thing is they are going for substantially more on Ebay now. Inflation, I guess.

I keep a framed Zimbabwe $100 Trillion and $50 Trillion bill over my desk.

A couple of things, There is still a risk of assignment, however since NDX is cash-settled, this would only be at expiration. Since this is cash settled there is no assignment risk as expiration. All cash settled, everything in the money will be exercised/assigned. It is very unlikely you...

Not with Robinhood, no SPX options.

And: by this trick no need anymore to borrow stock for shorting (which is not always possible, and some brokers take exorbitant borrow fees You still pay the hard to borrow fees, they are just written into the price of the options.

Or you could do the synthetic long in options and get almost the full borrow rate, without having to split it with your broker.