Quote (kclla @ Jan 29 2021 03:31am)
Can you feel it in the air Mr. Crabs?
Brokers unable to honor options contracts at the end of business tommorrow because they're not holding enough actual shares to do it, and won't have enough liquidity to assign shares by buying from the open market. This is going to cause a MASSIVE gamma squeeze, which in all likelyhood leads to the mother of all short squeezes.
Not only hedge funds going under, but the hedge funds that tried to bail them out, and then the broker that lent them the shares and/or the insurance company that the broker uses to cover insane events like this, and yes insurance companies to take out polices to pay for whatever they can't cover with tertiary insurance.
An absolute wallstreet blackhole is going to happen. and its going to fucking RUIN the market for at least 3 months as these funds with bad shorts, sell their good positions. Or companies that go under basically get liquidated by their broker to cover as much open debt as possible. to cover the billions in fucking GAMESTOP SHORTS LMAO.
Power to the players!