Not exactly right - these were Put contracts which you pay for up front and not short the stock where you have to buy back the stock to close.
It would still be a loss, but unlike a short it is limited to your contract price instead of potentially infinite loss on a short. Plus the contracts are good until their expiration date so while still taking a loss, the value of the contract just went down and has since rebounded a bit - so unless they used margin to buy the contracts and were forced to cover that margin then they are likely only down about 50% of their contract price which is much much less than just buying/shorting the stock.
https://wltreport.com/2024/07/17/don-jr-reveals-what-role-he-wants-if/
Don Jr. Reveals What Role He Wants if President Trump Wins in November
Not exactly right - these were Put contracts which you pay for up front and not short the stock where you have to buy back the stock to close.
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Yes. Thank you for the correction. I didn’t check myself whether Austin Private Wealth was engaging in a short-sell or buying put options and only followed the assertion that they had short-sold TMTG stock. If they bought put options, you’re 100% correct about the loss limits and that would be too bad. I’d like to see everyone who bet against PDJT lose their shirts and more.
Table in post here (h/t #1pal)
https://freerepublic.com/focus/chat/4251335/posts?page=1563#1563
says “put”.
So does this table at the fintel link (h/t Steven w.)
https://freerepublic.com/focus/chat/4251335/posts?page=1383#1383
How does that change things?
Thank you, reed13k.