THE AMC SWAPS DESTROYED CREDIT SUISSE!! - AMC Stock Short Squeeze Update
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Links;
https://www.youtube.com/watch?v=4WUGhteNlzM
https://twitter.com/MsKerriishere/status/1641509297702985742
https://twitter.com/balajis/status/1642410368021536770
https://twitter.com/anna_trades/status/1642214158765805569/photo/1
The AMC and Gamestop Swaps DESTROYED Credit Suisse. This is because they inherited the swaps from Archegos and inherited the massive unrealised losses, therefore to negate their losses, they SOLD put options to other hedgies hoping the price would go up and squeeze.
That way Credit Suisse would make tons from the premiums during the squeeze, negating the losses and closing out of their positions.
But because the squeeze didn't happen in June 2021, the losses on their sold puts ate away at the bank further and further until the bank went under.
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