Big Tech tries to rescue Robinhood. Robinhood tries to rescue hedge funds
The Duran: Episode 875
Melvin Capital Lost A Stunning $7 Billion In January, 53% Of Its Capital; Here’s How Everyone Else Did
Melvin Capital Lost A Stunning $7 Billion In January, 53% Of Its Capital; Here’s How Everyone Else Did
We already knew that last’s weeks epic squeeze of the most shorted stocks was a disaster for Melvin Capital, which emerged as the first casualty of the reddit squeeze because, as we showed last Monday, it was heavily short precisely the stocks that exploded higher (mostly as pair trade offset to its retail longs such as Amazon and others) with its puts losing all value, even as the fund suffered further pain on its outright shorts.
Help us grow. Support The Duran on Patreon!
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.
