BYND, Short call assigned on hard to borrow on Interactive Broker

[destriero]

I already answered the question.

You're not the OP.

 

[Bum]

Why is it only for equities and not for Futs and others

There's a limited amount of equity (outstanding shares) available so to short you need to borrow the shares & pay the fee. With futures, new contracts are "created/destroyed" every day so if your order can't be matched with another trader/hedger then the order will create a new futures contract. Creating a new contract removes the need to borrow so no fee.

 

[neke]

I don't understand why anyone would risk a DITM short call on these HTB shares. Trade the put calendar.

The hope of huge gains. The put calendars do not offer the same multiples on amount risked.
(When I tried, it was bear call verticals - got assigned more than once, and discontinued)

 

[zdreg]

You're not the OP.

Based upon the info the OP gave I calculated his approximate position.
"The loan rate was approximately 1%/day. The 15k in stock loan fees suggests very roughly you were short maybe 72 options with stock value at roughly 1.5 million."

 

[Br1828]

OP, how many contracts were assigned?

70 contracts

 

[qwerty11]

fee is calculated on the value of the stock rounded up one dollar.

htb fees on equities only.

102% of value of stock......

 

[zdreg]

70 contracts

Thx for confirming my post.

 

[destriero]

The hope of huge gains. The put calendars do not offer the same multiples on amount risked.
(When I tried, it was bear call verticals - got assigned more than once, and discontinued)

Because of moneyness (where the fwd/synthetic is priced).