It was just last month that we saw a post breaking down Leopold’s options positions, and now we’re hearing about Situational suffering massive losses and seeking new funding. That doesn’t seem right—the protective puts in their portfolio should carry significant value. But this is the issue with 13Fs: they don’t reveal much detail about the puts. I just saw @BroLeon speculate that “maybe they took short positions during the Q2 epic short squeeze and got fully hit by July’s decline.” That’s possible. Could this be the next SBF?! https://t.co/66Cii5Q1Sl
Lao BaiShare
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