Insufficient shares for short sale GME

Welcome to the short side.

 

If you want to do 100 shares why not just use an option?

 

Looks like there is now availability on IB now.
IBorrowDesk

You can always synthetically short the stock with options as well if there is no availability in the future.

 

Isn't' the spread gonna be a problem?
Could you give an example please?

 

The spread was too large . I try to avoid options if I can do it with stock only

 

I was always scared to short even if I saw opportunities . But lately I just couldn't resist anymore and started to short .

 

I would enter a spread, where I bought a put and sold a call. I would do it out of the money to avoid any call assignment risk.

So for example I would buy the April 200 put, and sell the April 200 call. this would be synthetically shorting the stock. I would enter the order as a spread. The "real" market on this spread will be fairly tight, even thought the individual options have wide spreads.

 

Volume is way up today on GME.Supposedly their board is about to vote on whether to split the stock. Algos probably snatched up all the shares.

 

HTB or HB displays (next to symbol) on a chart typically.

 

Been basically flat last 2 1/2 hours so likely done moving much for the day/week.