Round 6: Tossup 20

This action corresponds to the “30” in an approach called 130/30. Richard Fuld pushed for a ban on this action, (15[1])which is restricted by the “uptick rule.” A type of “straddle” named for this action performs well if outcomes remain near the middle of an upside-down V-shaped curve. The days-to-cover is also called the namesake “interest ratio” of this action, which requires identifying a “locate.” A book titled for this action and subtitled “Inside the (*) Doomsday Machine” highlights Steve Eisman and the ex-neurologist Michael Burry, who took this action via credit default swaps. This action (10[1])can leave one susceptible to a namesake “squeeze,” which (-5[1])happened in 2021 (10[1])for those who took this strategy with GameStop. (10[1])For 10 points, Michael Lewis’s book about the 2008 financial crisis is titled for what investment strategy of betting against an asset? ■END■

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Summary