Given the weird locate pricing we've been seeing lately, make sure you do this in DAS:
Right click in the Short Locate window → Config
Set Single Locate Max Cost ($) and Max Total Locate Cost Per Symbol
These settings prevent you from accidentally overpaying for locates, whether manually or through the DAS API.
Nobody on X shorted $NXXT, but everyone shorted ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5 ...
Guess I should post my ethereum:0x64aa3364f17a4d01c6f1751fd97c2bd3d7e7f1d5 too!
-900%, -800%, +72%, -1200% not a great business model.
@amberXBT@TheoryTrading they must be using some cutting-edge discounted future cash flow fair price model for locates. Just price them based on the future price you’ll be shorting into your account.
e.g. at $30 the locate fee is barely over 10%. Pretty much the bare minimum these days.
@TheoryTrading Adapt your math bro. Just pay whatever they ask for locates, post your wins on X, and collect the likes.
You’re happy, your broker’s happy, buys another lake house. Everybody wins!