wow -- CNN broadcast footage of an Arlington guard yelling at a group with Pete Hegseth to "MAINTAIN SILENCE ... PAY RESPECT!" after someone in his entourage started laughing at the Tomb of the Unknown Soldier
@everyonehatesp1@GardinerIsland Eh, they make on originations when yields are lower and bleed on higher rate vol on their hedges with yields up here, so it's not totally wrong, but the magnitude is exaggerated.
Looked today like someone was working a stop at 30.00 and got hit.
@dreverts@iBladesi Not sure I follow the question.
The firm in question had no idea the COST div was coming. They are now scrambling to respond and making wild guesses as to what will happen as a result because they don't understand the rules.
I guess everyone sucks at corporate actions. There is a very large MM firm in Chicago running around with their head cut off right now because they think $SPY is going to declare a special on the back of the $COST special.
(They've been in business for the last 5 $COST specials)
Why is every charting/price tracking platform so bad at corporate actions? Thought one of my names was -25% on some BS news before I realized it was just them going ex-div.
@sentientETF lol, thats a gross exaggeration.
Any MM that likes money will try to position themselves ahead of anything they can. One reasonably big MM picked off another on the QQQ div when settlement went from t+2 to t+1 and didn't pay attention to how the record date was being adjusted.
@JaredKubin@Tallow_beach So many people trading XIV during volmageddon who had no idea it was about to be redeemed because they had no idea what they were actually trading!
@MCCCANM Your CEO used to run an airline whose revenue from miles sales is more than the net income of the entire airline.
US airlines just exist to sell miles to card issuers.
@iBladesi Their prospectus literally tells you what they're going to do (not declare a special).
Meanwhile said firm made well into eight figures today.
Better to be lucky than good, I guess.