Comment Comment by jbp How could they lose $7B?Melvin Capital Recent 13F : https://sec.report/Document/0000905718-20-001111/It shows they had about $757mm worth puts. Assuming all of that puts are worth zero, their max loss will be $757mm. GME loss would be $55mm.Hedgefunds don't have to disclose everything? Just trying to understand how did they lose that much. parent jbp 5 years ago
Melvin Capital Recent 13F : https://sec.report/Document/0000905718-20-001111/
It shows they had about $757mm worth puts. Assuming all of that puts are worth zero, their max loss will be $757mm. GME loss would be $55mm.
Hedgefunds don't have to disclose everything? Just trying to understand how did they lose that much.