Can anyone top that?
IB borrow rate for BIMI 860%
- Thread starter Maverick2608
- Start date
TradeZero_Mohamed
Sponsor
TradeZero Rate was way below that. BIMI, SES, YUMA, WWR rates were incredibly reasonable to our clients. DM me for more information if you wish.
Have you remembered to multiply by 7.
"Hard to Borrow Overnight Shorts: 7x market rate cost for 1st night..."
https://www.tradezero.co/pricing
Well, seems it was worth the 860%. Two hours and 40 minutes later, BIMI is down 45% from the open.
)We will see borrow rates like this much more often in retail space, even for relatively liquid stocks. Where do you think all the brokers that serve the cattle class will make their money? Over 80% is already made by interest income, such as stock borrows. Competition just took away commission income. Does anyone seriously think the cattle class will not continue to get fucked in the ass through other means?
For stocks that have options (like ZM but not BIMI), keep in mind you can sell ATM puts and buy an equivalent number of ATM calls for a synthetic long (corrected, thanks @trader99) and capture the entire borrow rate. Just like the broker, even if you're "cattle class". No need to be "fucked in the ass", unless you're the kind of person who seems obsessed with such things, in which case, to each his own.
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