Quote:
Originally Posted by manwiches
Shorts have to pay premiums, and many don't like to hold short positions into weekend, because of those, and also news. What if something comes out over the weekend on a ticker you shorted, and it gaps up on Monday? You're boned.
I sold 25% of my AMC at 25 this morning, holding 75% for the bigger move. that was a 1100% P/L for me.
Today is choppy af with the halts etc, as brokers/institutions/MMs are all salty that the retailers figured out their game.
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Interest rates are almost zero right now. The volatility on one minute of trading is larger than the carrying cost for the weekend.