THE SHORTS JUST DELETED TONS OF SYNTHETIC SHARES?! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/ChaoticGood42/status/1618462566971498497
https://twitter.com/HangLoose1337/status/1618584790005067777
https://twitter.com/trvsrdrgz1/status/1617785961152417793
https://twitter.com/SUSPENDEDPOS/status/1618497231535099904
The shorts just deleted TONS of synthetic shares during the market 'outage' on Tuesday.
During the outage, any trades placed 30% above or below the current price can be deemed as 'clearly erroneous' and they trades either cancelled, or refunds/claims for money back can be made.
IE, shorts could've purchased shares at ANY PRICE on Tuesday, closing out of their short positions, but can get the money refunded as they were 'erroneous trades'.
This reminds me of the clip of the ex-Morgan Stanley trader admitting to synthetically shorting shares EVERY DAY.
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