JPMorgan Chase’s 13F filings with SEC: moved from net short position in GameStop shares as of 12/31/19 to a big long position as of 9/30/20, the date of its last 13F filing. As of the end of the third quarter of last year, JPMorgan Chase was long (owned) 368,196 GME shares
at trading close on 9/30/20 GME was a $10.20 stock, making Morgan’s long position worth $3.8 million. at intraday high yesterday, it reached $483. making it worth $174 million
as for the put that Morgan held on 19,300 shares: Morgan just happens to be one of Melvin Capital’s prime brokers. along with Goldman.
let's run it back. Robinhood provides commission free trading to the reddit NEETs but then sells their trades to hedge funds. Morgan sees what the funds' customers do as they're doing it while the funds see what RH's customers are doing. lol
anyway it's pretty clear that RH is a wall street scam to trade against dumb money
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