BYND borrow rate at IB is 317%

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by MikeThePutz

This is nuts. There are no shares left to borrow and the rate jumped from 78% on Friday to 317% today. Unless they gave me the wrong info, this means the short squeeze is likely to happen soon.

I’m using about 5% of the profits from my first BYND run-up trade on this one, so I have an incredibly high risk tolerance. I don’t mind losing it if I’m wrong. Please don’t blindly follow me and do your own due diligence. This is not a recommendation to do anything.

I own calls that range from $220-$300 with expirations from 9/20 to Nov 15th (I think those are the dates).

If you wake up with chicken nuggets in your mouth and a beautiful woman (or man) in your bed, don’t fear. For you are in Elysium, and your calls are already dead!

 

 

Disclaimer: Consult your financial professional before making any investment decision.

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