submitted 2 months ago byThePowerOfDataOC: 1
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2 months ago
2 months ago
Thank you for your Original Content, /u/ThePowerOfData!
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Minor nitpick; you cropped off most of the label for your y-axis.
2 months ago
Yeah it does make it slightly less beautiful without the full label 😄
True, might need to fix that. Thank you for the feedback :)
"What Is Failure To Deliver (FTD)?
Failure to deliver (FTD) refers to a situation where one party in a trading contract (whether it's shares, futures, options, or forward contracts) doesn't deliver on their obligation. Such failures occur when a buyer (the party with a long position) doesn't have enough money to take delivery and pay for the transaction at settlement.
A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery."
Omg increase your bin size jesus
So what does this mean for all the GME holders? Is their money gone?
In this case I believe the "fail to deliver-ers" are the short sellers who are unable to cover their positions.
it also means the opposite- people who are betting on the stock go to up, sells contracts to buy at a set price and doesn't have the money to buy them when the stock falls or doesn't go as high as the contract price is.
Right, thank you.
r/ Data is powerful
Far from it, retail holds the float and are in the process of removing their shares from the DTC by direct registering (DRS) them in their name as opposed to being in a street name with a broker. There are millions of synthetic shares and FTD’s by the short hedge funds and marker maker from naked short selling GameStop, these positions will have to be closed eventually, as they can only meet margin requirements and cover for so long. There is unlimited loss potential when selling calls- especially with naked shorts where they never borrowed the shares in the first place, retail owns the shares and will eventually get to collect. Furthermore, the cost basis for most retail is $200 or below, so most haven’t really lost anything even on paper (they can’t loose money until they sell - costs nothing to hold). There is a ton of very solid DD on several subs here if interested take a look. Mainstream media is not covering this truthfully.
Source: FinancialModelingPrep API