from Hacker News

How the GameStop Hustle Worked

by garraeth on 6/23/21, 2:45 PM with 3 comments

  • by justinsaccount on 6/23/21, 4:02 PM

    > u/broccaaa wanted to prove the manipulation, how naked short sellers can acquire shares and close the FTDs. He designed an algorithm to detect a type of option known as a “deep in the money (ITM) call,” which allows buyers to purchase shares significantly below the market price.

    Thats not how any of this works.

  • by EMM_386 on 6/23/21, 4:12 PM