Please know your facts...the cost to short FFIE is cheap...1% a month borrow fee....
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ As of June 4, 2024, the borrow rate for Faraday Future Intelligent Electric Inc. (FFIE) shares on Fintel was 11.39%. On Interactive Brokers, the borrow fee for FFIE shares was 15.2770% as of May 22, 2024. The cost to borrow FFIE shares is an annualized percentage charged to an account.
This fee is an annual fee! It cost 1% a month to short FFIE 1% x 12 months is 12%
Stop telling people it's expensive....all you gotta do is Google what is the borrow fee to short FFIE
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I’m a full-time options trader with a return of 17,500%. I typically do swing trades short term. I teach classes.
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OptionsKing OP : So A short can hold this for a year....and only pay 11%....and since the stock dropped 60% in a week, they are making money.....if they hold two years they'll pay 22%...still smaller than last weeks loss....if it drops to .20 in a month or two, they still win big, and that's 50% more of a drop.
Hope this puts it into perspective....if the price rises, they can short more, ....bring the average down lower...shorts are probably not worried with such a low borrow fee and bankrupt company...
if FFIE wants to raise money, they need to dillute, which drops the stock and making shorts win any way.
OptionsKing OP : Hopefully, you are learning and writing this down....free education for bagholders
NoNo444 OptionsKing OP : is that simple interest?
OptionsKing OP NoNo444 : It's annual a year
OptionsKing OP NoNo444 : If you borrow $100,000 to short FFIE shares, you'll pay $1000 a month in interest. If he holds 12 months, he'll pay $12,000....
james mills7 OptionsKing OP : and how many shares are currently ftds? you must have really poor credit if 11% apr is low for you? if you didn't spend all your money on toys maybe you'd have better credit
NoNo444 OptionsKing OP : so that is not compounding interest? rather simple interest?
HEVs : ok, thank you for your clown drama. but I will still hodl
HEVs OptionsKing OP : for your reference, if the short interest become less, it means THERE IS NO MORE SHORT in this stock already