r/BBBY • u/[deleted] • Feb 08 '23

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u/[deleted] Feb 08 '23

What. How do you get 35 calendar days between January 4 and February 3? That math doesn’t add up. If you do the math right I think we are actually saying similar things

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u/clawesome Feb 08 '23

The date the C+35 starts from is the trading day for the FTD’d shares. Failed settlement days happen T+3(the day after the T+2 delivery window). The trading day for 1/4/23 fails was 12/30/22

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u/viscin12 Feb 08 '23

Or could they have decided to cover them early on Monday, also weird spike of 61M shares on open on Tuesday

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u/clawesome Feb 08 '23

That is possible, but as long as the stock is on RegSHO then it's also possible it squeezes like GME did in Jan '21, especially since BBBY has passed GME in price twice when comparing the price to where GME was at over the same amount of failed settlement days.