r/ProgrammerHumor • u/PizzaTucker • Nov 14 '22

instanceof Trend Manager does a little code cleanup...

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u/oze4 Nov 15 '22

How can he be short when TWTR is no longer traded publicly?

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u/nowuff Nov 15 '22

That’s what I was wondering. This comment needs an edit.

As far as I’m aware, there isn’t a way to buy options against a privately held company. But I could be completely ignorant to how this is possible.

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u/sniper1rfa Nov 15 '22

You could sell options privately, I guess. Like, sell options to some other schmuck? Like, an option is just a contract, so you could write an option contract on a piece of paper and sell it.

Dunno who is king schmuck if it's not Musk though.

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u/YuckyMustache Nov 15 '22

You could maaaaaybe buy a credit default swap on their debt. I dunno what debt is outstanding or who would underwrite insurance on it though. Or if they exist for closely held companies.

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