π₯ ARE MY AMC SHARES SYNTHETIC? WILL I STILL GET PAID? π₯ - AMC Stock Short Squeeze Update
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https://twitter.com/ApeAverage/status/1480625197476716546
Are my shares synthetic or not? and does it matter? if my shares are synthetic, will the hedgies still have to buy them back? or can they somehow escape without paying me?
when it comes down to it, both legit shorts and synthetic shorts have to be covered to close out of their entire position. The real shorts have to be bought back to close out their full position, and the synthetics have to be bought back and cancelled.
If the hedgies cover just their legit shorts, all the synthetics are still outstanding and the hedgies will still be losing money on them as the price of AMC goes up.
On top of this, the synthetics are the illegal ones, so really, the synthetics are the ones that NEED to be covered, the legit shorts dont really need to be...
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