/biz/ - Business & Finance

>>56364929
The giant RRP runup (picrel) started less than 48 hours after the big GME doomp on March 10, 2021. Someone opened a fuckload of new shorts or synthetic equivalents thereof and needed to inflate their basis trade cycling to ludicrous levels to cover their premiums without taking more exposure to equities that would suppress their collateral value when they sold.

https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html