IB and SNAP borrow.

Is Zerohedge fos or what? They say the borrow is 20-40% on SNAP but IB is showing 90%.

Could come down by the time it clears though

 

Stock borrow is an OTC market. IBKR can charge whatever they like, as can any broker. If you don't want to pay 90%, change brokers. It's a free country.

 

are you some kind of turkey?

guess so. its a free country so folks can post any idiocy they like

 

Is that 90% interest a year?

 

Yes, stock borrow is quoted annualized.

 

I thought it was 90% a day, good thing we have experts like truehype to help us

 

To calculate your daily HTB borrow fee: (Price of security x shares) x borrow rate / 360.

For example, on 1000 shares of SNAP it will be -> ($21 x 1000) x 0.80 / 360 = $46.67 per day to remain short SNAP on a daily basis.

 

The MOB would love that.

 

Now 5%. that 90% was bs or just for the first few days