$GameStop (GME.US)$ tmrw lot of shorts are expiring, so tday...
$GameStop(GME.US$ tmrw lot of shorts are expiring, so tday and tmrw price will fly ๐๐
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Dramericanjesus : How do shorts expire? I am curious. Do you mean option contracts expiring?
Lilo und Stitch Dramericanjesus : That is what he means. All people with puts in the money will have to cover and buy back and most are in the money
:)
VibraniumHands Dramericanjesus : shorts are borrowed shares. they are given with the hopes of them falling lower so that the shorter can sell it back and profit from the difference. the goal is to shoot the stock to the moon so that it grows way above the price they borrowed for. This leads to technically an infinite amount of money lost so long as the stock keeps on going up and doesnt stop. eventually the hedge funds and institutions will give in because the losses are way too much. they then will have to buy back the stock at a premium (the price it is at) which even further accelerates the stock upwards