HTB
HomeTrust Bancshares, Inc.
Mentions (24Hr)
-100.00% Today
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https://testfol.io/?s=lxOmktF8A78. Here, you pay \~$1,150 in HTB fees, NOTHING else to short SOXS(Factored in). Beats the Index and the Long 3x LETF. It's Math, NOT Rocket Science!
Currently has 0 shortable shares @ HTB with a high 17.55% borrowing fee. Stonks only goes up.
If you exercise your put and you have no shares in your portfolio, then your broker must short those shares. That means the borrow desk must locate those shares. Hard to Borrow means your broker has little or no shares in its customer accounts left to borrow. Since the desk has to locate these shares at another brokerage, they charge the HTB fee. None of this matters if you never exercise your put. However, if you leave it to expiry and the pit ends up ITM, your broker probably has a policy to auto-exercise that put. In that case, we’re back to the HTB fees again.
Was looking at this but a different stock TGL, it’s also ‘HTB’ and ‘maintenance’ is 400%
You might be better off avoiding, HTB can be a sign of a potential short squeeze.
Schwab showing GLD as HTB…?
Well like someone else said, things get HTB when "the shorts" have shorted a lot. So it just seems to me that something with 62M volume would be harder to get a sort of short squeeze going (leading to HTB) than something like a GME with 6.2M.
I think you and I have chatted about GLD before, but thanks for bringing this up, because I've been seeing it on Schwab's ToS for GLD also and thought it was weird. Daily volume of 62M and shares are HTB??
Should not be impacted by HTB, since the short call is covered.
Jesus, GLD is HTB right now? GLD takes a little breather on its runnup for profit taking and the shorts come out of the woodwork? Maybe they think it's Bitcoin crash redux. This market is nuts.
It can impact on options trading, particularly if you trade for credit. The initial margin requirement on naked shorts goes up, usually to 100%, for contracts on HTB tickers.
When stocks are shorted they are borrowed from the broker and sold at the market.The hope is that share price declines and they can be bought back cheaper and returned for a profit. When a stock is listed as HTB it means there are less shares available for shorting and it may incur additional fees and costs to short.
I did some back tests and got mixed results. Shorting some performed well. Some mediocre. Some blew up the account even at allocations of around -10% (there's survivorship bias to consider and gearing ratio changes). We could cherry-pick out the ones that did well, but that would likely be overfitting to past performance, so I would be wary of that. I also forgot before that these ETFs are often HTB because it's popular to short them. I don't know at the moment what the typical interest rate to borrow them would be, but it might counteract the performance gains of shorting them. Also note that shorting two opposite leveraged ETFs against each other is effectively a short-volatility strategy. Such strategies tend to have long left tails and are positively correlated to the market despite targeting market-neutral. Keep that in mind for portfolio construction and be careful.
That SI position is 5x what it actually is. I didn’t calculate free float so can’t speak on the % reported. I’m counting 15.1M as of yesterday at close. I don’t have a HTB on this one either.
Back when I was heavily into scalping and day trading, certain platforms were better to use depending on what you were trading. TOS/Schwab had fairly decent charting and was good for trading shares, but there was a delay with options quotes (don't know if they ever fixed that) ETrade was good for shorting because for a fee you could short HTB shares that weren't available to short on other brokers Fidelity had really good level II, and I swear I got better fills on options trades with them than other brokers for a while IBKR was one of the first to let you trade SPX options during premarket and overnight trading ....And then there's the platforms I used to trade futures like TradeNinja and Tradovate, but I think you get my point There was never a good one size fits all unless you were only focusing on one type of trading vehicle/trading style
For situations like this, I generally avoid tickers with hard-to-borrow issues altogether and stick with index options like SPX. No borrow fees, cash settlement, and you sidestep the whole HTB warning problem. I’ve also found it’s better to focus on one instrument rather than spreading your attention across many different tickers. The longer you trade SPX, the more you start to recognize its behavior and patterns - it becomes quite predictable over time. Advanced AutoTrades sends SPX credit spread signals I can execute hands-off. That way, I’m trading a highly liquid underlying with clean fills, no borrow constraints, and clearly defined risk per trade. Even if you’re doing it manually, SPX spreads tend to be easier to manage, especially around assignment risk, since you’re dealing with cash settlement instead of stock delivery...
For situations like this, I generally avoid tickers with hard-to-borrow issues altogether and stick with index options like SPX. No borrow fees, cash settlement, and you sidestep the whole HTB warning problem. I’ve also found it’s better to focus on one instrument rather than spreading your attention across many different tickers. The longer you trade SPX, the more you start to recognize its behavior and patterns - it becomes quite predictable over time. Advanced AutoTrades sends SPX credit spread signals I can execute hands-off. That way, I’m trading a highly liquid underlying with clean fills, no borrow constraints, and clearly defined risk per trade. Even if you’re doing it manually, SPX spreads tend to be easier to manage, especially around assignment risk, since you’re dealing with cash settlement instead of stock delivery...
For situations like this, I generally avoid tickers with hard-to-borrow issues altogether and stick with index options like SPX. No borrow fees, cash settlement, and you sidestep the whole HTB warning problem. I’ve also found it’s better to focus on one instrument rather than spreading your attention across many different tickers. The longer you trade SPX, the more you start to recognize its behavior and patterns - it becomes quite predictable over time. Advanced AutoTrades sends SPX credit spread signals I can execute hands-off. That way, I’m trading a highly liquid underlying with clean fills, no borrow constraints, and clearly defined risk per trade. Even if you’re doing it manually, SPX spreads tend to be easier to manage, especially around assignment risk, since you’re dealing with cash settlement instead of stock delivery.
For situations like this, I generally avoid tickers with hard-to-borrow issues altogether and stick with index options like **SPX**. No borrow fees, cash settlement, and you sidestep the whole HTB warning problem. I’ve also found it’s better to focus on one instrument rather than spreading your attention across many different tickers. The longer you trade SPX, the more you start to recognize its behavior and patterns - it becomes quite predictable over time. **Advanced AutoTrades** sends SPX credit spread signals I can execute hands-off. That way, I’m trading a highly liquid underlying with clean fills, no borrow constraints, and clearly defined risk per trade. Even if you’re doing it manually, SPX spreads tend to be easier to manage, especially around assignment risk, since you’re dealing with cash settlement instead of stock delivery.
Do you want to name names? If you're worried about a near-term pullback and want to protect your profits without risking getting the shares called away you can: 1) Pony up for some puts on the underlying. 2) Take an offsetting short position in other *very highly correlated* name(s). Because of the imperfect hedge here, I wouldn't go 1:1...maybe only hedge 60-70%. You can also be selective about the cost to borrow on different underlyings, AND you get to earn interest on the deposited cash (less borrow cost...be careful b/c HTB stocks can easily cost more than you earn on the cash).
If you're an MM holding a long call and short shares, exercising to flatten deltas in one transaction might be preferable to two separate transactions. I'm not a MM, but I've been assigned on slightly OTM calls for HTB stocks. When borrow rates climb into the 500%+ range, decisions can vary from the norm.
Even if it's $14.90 and you have the $15 call, why not buy the HTB shares at $14.90 before market close instead of exercising the slightly OTM option and buying at $15? Like I don't get the logic of using the option here to buy shares. You can anyway buy shares without an option.
Either a mistake by the long holder, or in some cases a OTM call may be exercised to close a short position before a long weekend if it's HTB and rates are very high.
HTB tends to increase the price of OTM put spreads. It also makes your short put more resistant to early assignment. But if your put is assigned early, obviously that won't make you short, so it doesn't increase your direct exposure to borrow fees. The only real risk there is that the short put will collect some of the borrow fee, but the long shares mostly won't, so you will probably miss out on some of the carry with long shares versus short put. >My understanding is that if the short leg is assigned, TOS would automatically exercise the long leg as well—so I wouldn’t need to borrow shares or pay any daily interest. Maybe. If your risk is too high and exercising the long reduces risk, then they might. I would not necessarily count on this, though. I feel like this is a generic warning message.
CRWV to buy CORZ, all stock, 0.1235 CWRV/CORZ. Were CORZ holders expecting a cash deal? Tough getting paid in HTB stock. [https://www.sec.gov/Archives/edgar/data/1769628/000095010325008492/dp231291\_ex9901.htm](https://www.sec.gov/Archives/edgar/data/1769628/000095010325008492/dp231291_ex9901.htm)
Pigs are stupidly expensive though. Shorting is expensive too because shares are HTB
I tried to offer $SBET awhile back. I mentioned $DGLY Friday and no one liked that because they announced the 2nd RS in two weeks. But now $DGLY has 1.668M shares, HTB (hard to borrow), and no short shares available. [https://fintel.io/ss/us/dgly](https://fintel.io/ss/us/dgly) https://preview.redd.it/gvt8q87xtg3f1.jpeg?width=1170&format=pjpg&auto=webp&s=6afdafddbdef61f10e88579e3dbedbfea47343c0
Placing your account on Margin does not mean you pay to Short. You are not buying anything and most equities do Not have any HTB or other fees. As long as you don't go over your allowed T-reg or margin equity/credit it is mostly Free. just some FYI, your not the only one that thinks this. GL...
CISO, 0 shares to borrow available right now. 17% SI and HTB fee doubled up to 85%. All of the ingredients of the epic short squeeze in the making
CISO, 0 shares to borrow available right now. 17% SI and HTB fee doubled up to 85%. All of the ingredients of the epic short squeeze in the making.
BULL No options HTB not touching it
Schwab informed me my RCAT shares are HTB and offered me a lending deal Hopefully this squeezes back to 15 (please I need it for my children)
An uncovered short call is commonly referred to as a "naked" call. It works the same way that being assigned on a short put does, except you end up with a short share position (and unlimited risk to the upside). If it is assigned overnight Friday, the position would typically show up Monday morning. How you deal with the new short share position is up to you, but you either buy the shares back at current market price to cover, or you keep the short share position open and the risk that comes with it. Do note that when you are short shares, you will likely have to pay a borrow rate/fee as long as you keep the position open. You'll usually have to pay at least 1 day's "fee" (interest) when assigned, and that rate can be absurdly high on HTB stocks.
The problem with shorting MSTR to hedge is that MSTR is a HTB stock at many brokers so the cost to hedge can be a lot higher because of the borrow fee. What are you trying to hedge?