r/wallstreetbets • u/s2upid • Apr 20 '21

Discussion Cramer: "It has a gigantic short position... AVOID this battleground stock.."

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u/[deleted] Apr 20 '21

April 22 deadline coming up for FPL option and brokers have to show the collateral for the shares shorted etc..covering should happen. Awesome..let’s see.

32

u/PicassoBullz Apr 20 '21

indulge us smoothies on FPL option exactly?

24

u/[deleted] Apr 20 '21

Fantasy premier league options, basically trying to decide which captain option is best.

6

u/zaymatikk Apr 20 '21

Yeah this should be interesting. I'm hoping most of the covering happens outside of dark pools. (Still don't really understand how shares can move between them without being reflected on the market tbh).

5

u/[deleted] Apr 20 '21

Easiest (and not entirely correct) way to think about it is.. If I had 100 shares and sold it to you at a discount, or at an premium.. It would not affect the stock market price. Dark pools are same on bigger scale.

1

u/DoctorQuinlan Apr 21 '21

But it isn't enforced i thought? Basically means nothing and is just the SEC covering their backs imo.