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Excuse my simplistic view on things but how can a broker offer the option on shares they don't have?
Surely they can only 'lend' shares that exist?
moog-
Because shares keep getting borrowed and sold on, without any physical exchange occurring (I think). I've been reading about this for a few days and am only just starting to grasp the actual technicalities. But a lot of people think it should be illegal to exceed the total share float, and after this, I think a lot of people will agree.
ObiWomKenobi
georgert
No, it's more than what's available in the market. That's why they're so fucked. And why they deserve it.