Question: How much does it cost our market maker comrades per day to keep the price where it is?

3 years ago by SubDRSive to c/drs_your_gme

Like when it's down 15 cents, how many million did that cost them?

I'm assuming that every day hurts and bleeds.

Gradually_Adjusting 14 points 3 years ago

Their financial instruments are so byzantine and dynamic that probably only one of their quants could tell you. It's probably less than could be hoped, given the level of corruption inherent to the system. Remember that literal crime is profitable even when you get caught, in Wall Street.

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OrganicBrotha 5 points 3 years ago

Yup if the fines aren’t more than your profits it’s just the cost of business

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regolith 7 points 3 years ago

When I think they could just use that money to buy actual GME shares I realize they have probably shorted the float way too many times for that to provide them a reasonable way out.

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doing_donuts 1 point 3 years ago

/theydidthemath, anyone?

Daily short vol * share price * borrow rate that day, accumulated over time.. I feel like that's the gist of it, but also like it's missing something wildly significant.

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TheKudzu 1 point 3 years ago

There are a few factors past the math equation we can't see. How long the borrow them. Special side deals with lenders and I'm sure other factors.

Even worst case, for them, it's pocket change, a rounding error.

Thing is they can't close without buying a real share.

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