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re: Did any of you market players sell short DJT stock shares last week?

Posted on 4/1/24 at 1:40 pm to
Posted by LSURussian
Member since Feb 2005
127247 posts
Posted on 4/1/24 at 1:40 pm to
quote:

Did any of you market players sell short DJT stock shares last week?
I tried but it was impossible. I use Schwab and they put up a notice that there were no shares of DJT available to be borrowed for short sellers.
Posted by Big Scrub TX
Member since Dec 2013
33738 posts
Posted on 4/1/24 at 1:54 pm to
quote:

I tried but it was impossible. I use Schwab and they put up a notice that there were no shares of DJT available to be borrowed for short sellers.
The implied borrow rates in the options market were insane. It was like $6 to short it for a week.
Posted by frogtown
Member since Aug 2017
5069 posts
Posted on 4/1/24 at 2:15 pm to
quote:

I tried but it was impossible.


This was the same for the options market. I wanted to do a 65/60 put spread when the stock was north of $65. Price was around $4 on the $5 spread. Not happening.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 4/1/24 at 2:25 pm to
quote:

Did any of you market players sell short DJT stock shares last week?


$DJT Trump Media and Technology Group has lost $4.5 billion in value since 3/26/24. Hopefully the Bible business is doing better.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124666 posts
Posted on 4/1/24 at 2:42 pm to
quote:

I tried but it was impossible. I use Schwab and they put up a notice that there were no shares of DJT available to be borrowed for short sellers.
Limited shares outstanding.
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